HSB ENGINEERING INSURANCE LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. HSB ENGINEERING INSURANCE LIMITED 1995-04-28 → present
2. ENGINEERING INSURANCE COMPANY LIMITED 1989-06-16 → 1995-04-28

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 / FRS 103

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based upon their own analysis of the available information, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. HSB ENGINEERING INSURANCE LIMITED · parent
   1. The Boiler Inspection and Insurance Company of Canada (BI&I) 1% · Canada · Insurance company
   2. HSB Engineering Insurance Services Limited 1% · United Kingdom · Inspection and consultancy services
   3. MD Insurance Services Limited (MDIS) 1% · United Kingdom · Managing General Agent
   4. MD Affinity Schemes Limited 1% · United Kingdom · Non-trading
   5. MDIS (International) Limited 1% · United Kingdom · Non-trading

Significant events

• “In 2024, the Company made donations to charity of over £30,000.”
• “There were no political contributions made by the Company during the year (2023: none).”
• “The Company is inherently exposed to the continued heightening of geo-political tensions, which give rise to an additional source of uncertainty for global financial markets and potential for increased inflation over a sustained period.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  +7.2%

  £121,986,000 → £130,769,000

• Net earned premiums

  +6%

  £76,600,000 → £81,187,000

• Profit before tax

  +183.3%

  -£18,516,000 → £15,431,000

• Equity

  +52.1%

  £164,492,000 → £250,206,000

• Claims incurred

  +5.2%

  £25,045,000 → £26,336,000

• Insurance contract liabilities

  +19.8%

  £284,127,000 → £340,264,000

• Investment return

  -4.6%

  £2,802,000 → £2,674,000

• Employees

  +0.8%

  249 → 251

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers