111
FINANCIAL STATEMENTS
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019
Year ended 31 December 2019 £m
Year ended 31 December 2018 £m
Note
1,921.0
Gross premiums written
6
2,176.9
2.8
Reinsurance premiums ceded
(8.0)
436.8
Reinsurance recapture Net premium revenue Net investment income
543.3
2,360.6 1,451.7
2,712.2
2 6
142.6
12.7
Fee and commission income
8.2
Total revenue
3,825.0 (1,247.5)
2,863.0 (1,185.3)
Gross claims paid
386.4
Reinsurers’ share of claims paid
435.4
Net claims paid
(861.1)
(749.9)
Change in insurance liabilities: Gross amount
(1,730.6)
(642.9) (502.8) (543.3)
(70.4)
Reinsurers’ share
(436.8)
Reinsurance recapture
Net change in insurance liabilities Change in investment contract liabilities
(2,237.8)
(1,689.0)
92.2
23
0.4
(35.2) (227.8) (186.7)
Acquisition costs
3 4 5
(52.4)
Other operating expenses
(254.8) (202.8)
Finance costs
Total claims and expenses Profit/(loss) before tax
(3,456.4)
(2,948.5)
368.6
6 7
(85.5)
(66.2)
Income tax
21.2
Profit/(loss) for the year
302.4
(64.3)
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)/income for the year, net of income tax
–
7,14
4.4
(0.2) (0.2)
(0.4)
4.0
Total comprehensive income/(loss) for the year
302.2
(60.3)
Profit/(loss) attributable to: Equity holders of Just Group plc
302.6
(63.7)
(0.2)
Non-controlling interest Profit/(loss) for the year
35
(0.6)
302.4
(64.3)
Total comprehensive income/(loss) attributable to: Equity holders of Just Group plc
302.4
(59.7)
(0.2)
Non-controlling interest
35
(0.6)
Total comprehensive income/(loss) for the year
302.2 28.37 28.00
(60.3) (6.83) (6.83)
Basic earnings per share (pence) Diluted earnings per share (pence)
11 11
The notes are an integral part of these financial statements.
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