Financial Performance

Summary - to see full reports click here  
 

INCEPTION TO DATE (1)

2015  2016 2017 Q1 2018
RETURN ON EQUITY (WARRANT ADJUSTED) 17.9% (2) 13.5% 13.5% -5.9% 2.9%

NET PREMIUMS WRITTEN

$562.2m (3)

$481.7m $458.7m $398.0m $87.8m

COMBINED RATIO (INCLUDING G&A)

67.5%

72.1% 76.5% 124.9% 65.2%

NET LOSS RATIO

33.4%

27.5% 29.2% 78.4% 12.0%

TOTAL INVESTMENT RETURN

2.8% (4)

0.7% 2.1% 2.5% -0.1%

TOTAL SHAREHOLDER RETURN

18.8% (5)

25.9% 2.4% 9.4% -10.8%

CAPITAL MANAGEMENT

$2,718m(6)of capital returned; 277.8% of IPO capital raised returned

$317.5m of dividends paid; No shares repurchased $178.9m of dividends paid; No shares repurchased $29.9m of dividends paid; No shares repurchased $20.0m of dividends paid; No shares repurchased

 

(1) Period from 12 December 2005 to 31 March 2018 unless otherwise stated

(2) Compound annual rate of return on equity

(3) Average annual net premiums written from 1 January 2006 to 31 March 2018

(4) Average annual return on investments to 31 March 2018

(5) TSR is calculated as compound annual return using IRR from date of inception

(6) The inception to date percentage is calculated on a paid basis

(1) Period from 12 December 2005 to 31 March 2018 unless otherwise stated

(2) Compound annual rate of return on equity

(3) Average annual net premiums written from 1 January 2006 to 31 March 2018

(4) Average annual return on investments to 31 March 2018

(5) TSR is calculated as compound annual return using IRR from date of inception

(6) The inception to date percentage is calculated on a paid basis

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from 12 December 2005 to 31 March 2018 unless otherwise stated

(2) Compound annual rate of return on equity

(3) Average annual net premiums written from 1 January 2006 to 31 March 2018

(4) Average annual return on investments to 31 March 2018

(5) TSR is calculated as compound annual return using IRR from date of inception

(6) The inception to date percentage is calculated on a paid basis

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from 12 December 2005 to 31 March 2018 unless otherwise stated

(2) Compound annual rate of return on equity

(3) Average annual net premiums written from 1 January 2006 to 31 March 2018

(4) Average annual return on investments to 31 March 2018

(5) TSR is calculated as compound annual return using IRR from date of inception

(6) The inception to date percentage is calculated on a paid basis

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015

(1) Period from December 13, 2005 to June 30, 2015 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual net premiums written from January 1, 2006 to December 31, 2014

(4) Average annual return on investments to June 30, 2015