STRATEGIC REPORT
GOVERNANCE
financial statements
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME for the year ended 31 December 2022
Year ended 31 December 2022 £m
Year ended 31 December 2021 £m
Note
3,391.3
Gross premiums written
6
2,676.1
(271.5)
Reinsurance premiums ceded Net premium revenue Net investment expense Fee and commission income
(23.3)
3,119.8
2,652.8
(4,778.5)
2
(130.3)
14.0
15.6
(2.9)
Share of results of associates accounted for using the equity method
35
–
Total revenue net of investment expense
(1,647.6) (1,446.5)
2,538.1 (1,381.3)
Gross claims paid
236.5
Reinsurers’ share of claims paid
239.9
Net claims paid
(1,210.0)
(1,141.4)
Change in insurance liabilities: Gross amount
3,487.4
(706.7) (332.0)
(552.4)
Reinsurers’ share
Net change in insurance liabilities Change in investment contract liabilities
2,935.0
(1,038.7)
2.6
24
(0.8)
(55.5)
Acquisition costs
3 4 5
(48.6) (193.2) (136.8)
(209.2) (132.7)
Other operating expenses
Finance costs
Total claims and expenses
1,330.2
(2,559.5)
Loss before tax
(317.4)
6 7
(21.4)
85.7
Income tax
5.6
Loss for the year
(231.7)
(15.8)
Other comprehensive income/(loss): 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 income/(loss) for the year, net of income tax
0.2
7, 14
–
0.5 0.7
(0.6) (0.6)
Total comprehensive loss for the year
(231.0)
(16.4)
Loss attributable to: Equity holders of Just Group plc
(231.1)
(15.0)
(0.6)
Non-controlling interest
35
(0.8)
Loss for the year
(231.7)
(15.8)
Total comprehensive loss attributable to: Equity holders of Just Group plc
(230.4)
(15.6)
(0.6)
Non-controlling interest
35
(0.8)
Total comprehensive loss for the year Basic earnings per share (pence) 1 Diluted earnings per share (pence) 1
(231.0) (23.70) (23.70)
(16.4) (7.97) (7.97)
11 11
The notes are an integral part of these financial statements.
1 Restated see note 1.
131
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