Pretax Operating Income (Mil. $)
2013
5,534.9 3,977.0 1,356.7 NA
801.3
2,178.4 544.6 NA
813.9
1,248.9 NA
245.6 521.0 NA
213.8
1,425.4 385.5 368.1 NA
155.2 401.5 NA
181.9 134.6 704.1 577.6 32.0
726.3 331.0 597.2 755.3 313.8 342.7 NA
-79.9 169.7 260.7 110.4 277.5 87.2
25,693.8 2012
6,199.3 4,638.0 1,285.6 NA
801.0 978.2 746.0 NA
774.0 775.1 NA
164.3 156.0 NA
160.1
1,658.1 438.3 205.0 NA
99.8
459.0 NA
-35.6 85.5
1,001.6 393.5 140.0 469.4 226.3 382.5 667.3 87.0
295.4 NA
12.0 171.1
249.3 103.7 150.9 97.0
24,034.7
Combined Ratio (%) 2013
92.1 85.3 95.1 90.2 93.8 80.1 NM NA
85.3 84.5 NA
97.1 89.8 NA
96.5 NA
108.3 86.2 82.8 97.5 97.8 81.4 95.3 75.0 71.6 76.3 83.6 69.8 83.1 NA
65.9 76.8 64.2 32.6 99.3 82.5 79.5 97.0 56.1 93.3 88.2
Total Adjusted Shareholders’ Funds (Mil. $)
2012 91.2 83.2 96.0 90.8 94.3 91.0 NM NA
87.8 93.8 NA
97.7 90.9 NA
97.0 NA
104.8 94.5 89.4 99.7 99.9 86.9
108.0 81.7 65.3 80.9 99.2 80.2 86.9 NA
77.5 94.7 74.5 49.2
102.2 90.0 116.7 100.6 81.0 92.3 90.4
2013
34,366.0 31,535.3 8,963.0
129,000.0 6,801.6 33,618.1 5,935.5 7,509.8 6,709.5 6,968.3 29,207.8 1,594.3 4,500.0 17,124.5 1,390.3
20,046.4 1,836.6 3,519.8 5,868.0 1,123.8 6,872.4 NA
2,434.9 3,783.0 6,635.1 3,730.7 1,634.0 5,020.8 2,768.1 3,539.5 NA
2,886.5 3,299.6 3,504.4 856.9 1,881.7 1,136.2 4,336.0 1,642.1 664.3
414,244.9
9 Figures relate to both primary and reinsurance business. For 2013, reinsurance only gross written premiums were $933,754 (2012: $760,250). 10 2012 numbers differ from GRH 2013 due to exclusion of non-reinsurance related portions. 11 Figures include intra-group reinsurance business. 12 2012 and 2013 financial year combined ratios are restated in line with S&P’s definitions for GRH publication. 13 Net reinsurance premium written and pretax operating income represent reinsurance business only. Other figures include primary and reinsurance business. 14 The data for 2013 includes Flagstone with effect from the date of acquisition, Nov 30, 2012. 2012 financial year total adjusted shareholders’ funds differ from GRH 2013 due to exclusion of non-controlling interest.
15 Adjusted shareholders’ funds reflect total equity comprised of both common and preferred equity. 2012
34,590.4 32,835.5 9,150.1
106,000.0 6,344.7 31,204.5 6,910.2 7,147.6 6,933.5 6,733.5 29,390.1 1,427.9 4,300.0 17,428.5 1,280.3
19,828.6 1,868.1 3,326.3 5,779.8 1,015.2 6,526.2 NA
2,150.0 3,511.9 6,118.0 3,678.8 1,990.0 4,507.5 2,459.4 3,448.4 NA
2,710.6 3,488.4 3,103.1 904.6
1,978.9 1,232.7 4,306.2 1,629.4 595.9
387,834.8
Return on Revenue (%) 2013
11.9 11.8 7.3 NA 6.2
17.4 5.3 NA
14.3 23.6 NA 6.6
14.6 NA 6.7 NM 14.4 17.0 NA 7.4
16.5 NA 9.0 7.5
36.6 31.1 1.8
48.3 23.4 NA
47.2 25.6 27.1 NA
-8.3 18.2 28.7 13.6 41.8 14.2 12.8
2012 13.3 15.4 7.1 NA 6.8 7.5 7.8 NA
15.3 16.3 NA 4.8 4.9 NA 6.5 NM 15.7 10.7 NA 5.3
18.9 NA -1.8 5.5
49.3 21.7 7.9
33.9 17.9 NA
39.9 7.1
22.1 NA 1.4
16.0 27.7 14.2 22.1 15.7 12.3
Global Reinsurance Highlights 2014
77
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