107
FINANCIAL STATEMENTS
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2020
Year ended 31 December 2020 £m
Year ended 31 December 2019 £m
Note
2,147.8
Gross premiums written
7
1,921.0
(232.0)
Reinsurance premiums ceded
2.8
940.0
Reinsurance recapture Net premium revenue Net investment income
436.8
2,855.8 1,777.7
2,360.6 1,451.7
3 7
11.7
Fee and commission income
12.7
Total revenue
4,645.2 (1,321.1)
3,825.0 (1,247.5)
Gross claims paid
320.9
Reinsurers’ share of claims paid
386.4 (861.1)
Net claims paid
(1,000.2)
Change in insurance liabilities: Gross amount
(2,116.6)
(1,730.6)
73.5
Reinsurers’ share
(70.4)
(940.0)
Reinsurance recapture
(436.8)
Net change in insurance liabilities Change in investment contract liabilities
(2,983.1)
(2,237.8)
(1.8)
24
92.2
(44.5) (219.9) (159.0)
Acquisition costs
4 5 6
(35.2) (227.8) (186.7)
Other operating expenses
Finance costs
Total claims and expenses
(4,408.5)
(3,456.4)
Profit before tax
236.7
7 8
368.6
(44.2)
Income tax
(66.2)
Profit for the year
192.5
302.4
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
8,15
(1.1)
–
(0.6) (1.7)
(0.2) (0.2)
Total comprehensive income for the year
190.8
302.2
Profit attributable to: Equity holders of Just Group plc
193.6
302.6
(1.1)
Non-controlling interest
35
(0.2)
Profit for the year
192.5
302.4
Total comprehensive income attributable to: Equity holders of Just Group plc
191.9
302.4
(1.1)
Non-controlling interest
36
(0.2)
190.8 16.06 15.89
Total comprehensive income for the year
302.2 28.37 28.00
Basic earnings per share (pence) Diluted earnings per share (pence)
12 12
The notes are an integral part of these financial statements.
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