Consolidated income statement
Consolidated income statement for the year ended 31 December 2018
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| For the year ended 31 December 2018 | Notes | 2018 ￡ million |
2017 ￡ million |
|---|---|---|---|
| Revenue | ? | ? | ? |
| Gross written premiums | ? | 13,253 | 7,932 |
| Outward reinsurance premiums | ? | (2,131) | (1,858) |
| Net change in provision for unearned premiums | ? | 19 | 23 |
| Net premiums earned | ? | 11,103 | 6,051 |
| Fees from fund management and investment contracts | ? | 802 | 771 |
| Investment return | ? | 11,847 | 33,457 |
| Operational income | ? | 1,206 | 212 |
| Total income | ?1.10 | 1,264 | 40,491 |
| ? | ? | ? | ? |
| Expenses | ? | ? | ? |
| Claims and change in insurance liabilities | ? | 8,612 | 8,326 |
| Reinsurance recoveries | ? | (1,053) | (1,776) |
| Net claims and change in insurance liabilities | ? | 7,559 | 6,550 |
| Change in provisions for investment contract liabilities | ? | (11,304) | 29,848 |
| Acquisition costs | ? | 893 | 734 |
| Finance costs | ? | 238 | 212 |
| Other expenses | ? | 1,776 | 1,086 |
| Total expenses | ? | (838) | 38,430 |
| ? | ? | ? | ? |
| Profit before tax | ? | 2,102 | 2,061 |
| Tax expense attributable to policyholder returns | ? | (53) | (70) |
| Profit before tax attributable to equity holders | ? | 2,049 | 1,991 |
| Total tax expense | ? | (358) | (239) |
| Tax expense attributable to policyholder returns | ? | 53 | 70 |
| Tax expense attributable to equity holders | 3.07 | (305) | (169) |
| Profit for the year | ? | 1,808 | 1,902 |
| ? | ? | ? | ? |
| Attributable to: | ? | ? | ? |
| Non-controlling interests | ? | (19) | 11 |
| Equity holders of the company | ? | 1,827 | 1,891 |
| ? | ? | ? | ? |
| Dividend distributions to equity holders of the company during the year | 3.05 | 932 | 872 |
| Dividend distributions to equity holders of the company proposed after the year end | 3.05 | 704 | 658 |
| ? | ? | ? | ? |
| ? | ? | ?p | p |
| Earnings per share1 | 1.09 | 30.79 | 31.87 |
| Total diluted?earnings per share1 | 1.09 | 30.64 | 31.73 |
| ? | ? | ? | ? |
| Earnings per share derived from continuing operations2 | 1.09 | 29.72 | 30.52 |
| ?Diluted earnings per share derived from continuing operations2 | 1.09 | 29.57 | 30.38 |
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