General insurance - geographical ratio analysis
| Claims ratio | Expense ratio | Combined operating ratio | ||||
|---|---|---|---|---|---|---|
| 6 months 2004 % |
6 months 2003 % |
6 months 2004 % |
6 months 2003 % |
6 months 2004 % |
6 months 2003 % |
|
| United Kingdom | 65.9% | 66.0% | 10.0% | 10.5% | 98% | 99% |
| France | 71.5% | 71.7% | 11.5% | 11.9% | 100% | 100% |
| Ireland | 68.6% | 79.6% | 10.0% | 8.5% | 88% | 97% |
| Netherlands | 58.7% | 61.3% | 14.5% | 13.7% | 94% | 98% |
| Canada | 69.1% | 85.4% | 12.2% | 12.3% | 99% | 115% |
| Group total | 66.4% | 69.9% | 10.8% | 10.9% | 97% | 101% |
Ratios are measured in local currency.
The total Group ratios are based on average exchange rates applying to the respective periods.
| Definitions: | ||
| Claims ratio | – | Incurred claims expressed as a percentage of net earned premiums. |
| Expense ratio | – | Written expenses excluding commissions expressed as a percentage of net written premiums. |
| Commission ratio | – | Written commissions expressed as a percentage of net written premiums. |
| Combined operating ratio | – | Aggregate of claims ratio, expense ratio and commission ratio. |
