Financial Performance

Summary - to see full reports click here
 

INCEPTION TO DATE (1)

2014

2015

 2016 2017
RETURN ON EQUITY (WARRANT ADJUSTED) 17.9% (2) 14.7% 13.5% 13.5% -5.9%

RETURN ON EQUITY (NON-WARRANT ADJUSTED)

17.7% (2)

13.9%

10.9% 13.5% -5.9%

NET PREMIUMS WRITTEN

$566.6m (3)

$742.8m

$481.7m

$458.7m $398.0m

COMBINED RATIO (INCLUDING G&A)

67.6%

68.7%

72.1% 76.5% 124.9%

LOSS RATIO

33.8%

31.7%

27.5%

29.2% 78.4%

TOTAL INVESTMENT RETURN

2.9% (4)

1.0%

0.7% 2.1% 2.5%

TOTAL SHAREHOLDER RETURN

741.5% (6)

-24.2%

25.9% 2.4% 9.4%

CAPITAL MANAGEMENT

$2,718.0m(5) of capital returned; 277.8% of original IPO capital raised returned

$321.0m of dividends paid; $25m shares repurchased

$317.5m of dividends paid; No shares repurchased

$178.9m(5) of dividends paid; No shares repurchased $29.9m(5)of dividends paid; No shares repurchased

 

(1) Period from December 12, 2005 to December 31, 2017 unless otherwise stated

(2) Compound annual rate of return on equity 

(3) Average annual Net premiums written from January 1, 2006 to December 31, 2017

(4) Average annual return on investments to December 31, 2017

(5) The inception to date percentage is calculated on a paid basis and includes the final dividend of $0.10

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

(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