Financial highlights

Underwriting is, and always will be, the most important part of Lancashire. In 2009, the most important part of Lancashire had an absolutely cracking year,
producing a loss ratio of only 16.6%.

Return on equity

26.5 per cent

(2008 – 7.8 per cent)

Net profit

$385.4 million

(2008 – $97.5 million)

Gross premiums written

$627.8 million

(2008 – $638.1 million)

Combined ratio

44.6 per cent

(2008 – 86.3 per cent)

Total investment return

3.9 per cent

(2008 – 3.1 per cent)