FINANCIAL STATEMENTS
STRATEGIC REPORT
GOVERNANCE
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021
Year ended 31 December 2021 £m
Year ended 31 December 2020 £m
Note
2,676.1
Gross premiums written
6
2,147.8
(23.3)
Reinsurance premiums ceded
(232.0)
–
Reinsurance recapture Net premium revenue
940.0
2,652.8
2,855.8 1,777.7
(130.3)
Net investment (expense)/income Fee and commission income
2 6
15.6
11.7
Total revenue
2,538.1 (1,381.3)
4,645.2 (1,321.1)
Gross claims paid
239.9
Reinsurers’ share of claims paid
320.9
Net claims paid
(1,141.4)
(1,000.2)
Change in insurance liabilities: Gross amount
(706.7) (332.0)
(2,116.6)
Reinsurers’ share
73.5
–
Reinsurance recapture
(940.0)
Net change in insurance liabilities Change in investment contract liabilities
(1,038.7)
(2,983.1)
(0.8)
24
(1.8)
(48.6) (193.2) (136.8)
Acquisition costs
3 4 5
(44.5) (219.9) (159.0)
Other operating expenses
Finance costs
Total claims and expenses (Loss)/profit before tax
(2,559.5)
(4,408.5)
(21.4)
6 7
236.7
5.6
Income tax
(44.2)
(Loss)/profit for the year
(15.8)
192.5
Other comprehensive income: Items that will not be reclassified subsequently to profit or loss: Revaluation of land and buildings Items that may be reclassified subsequently to profit or loss: Exchange differences on translating foreign operations Other comprehensive loss for the year, net of income tax
–
7, 14
(1.1)
(0.6) (0.6)
(0.6) (1.7)
Total comprehensive (loss)/income for the year
(16.4)
190.8
(Loss)/profit attributable to: Equity holders of Just Group plc
(15.0)
193.6
(0.8)
Non-controlling interest (Loss)/profit for the year
35
(1.1)
(15.8)
192.5
Total comprehensive income attributable to: Equity holders of Just Group plc
(15.6)
191.9
(0.8)
Non-controlling interest
35
(1.1)
Total comprehensive (loss)/income for the year
(16.4) (3.42) (3.42)
190.8 16.06 15.89
Basic earnings per share (pence) Diluted earnings per share (pence)
11 11
The notes are an integral part of these financial statements.
123
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