LANCASHIRE INSURANCE COMPANY (UK) LIMITED

1. LANCASHIRE INSURANCE COMPANY (UK) LIMITED 2006-08-18 → present
2. LANCASHIRE INSURANCE SERVICES (UK) LIMITED 2006-03-17 → 2006-08-18

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors having reviewed the detailed risk disclosures in note 2, noting particularly the Company's short duration, highly liquid fixed interest investment portfolio and its expected liability profile, as well as the business plan and forecast for the next 12 months and the going concern section within the accounting policies on page 20 have a reasonable expectation that the Company will be able to continue in operation and meet its liabilities as they fall due. Accordingly, the Board has adopted and continues to consider appropriate the going concern basis in preparing the financial statements.”

Significant events

• “IFRS 18, Presentation and Disclosure in Financial Statements was published on 9 April 2024, will be effective from 1 January 2027, and the Company is monitoring the endorsement process and undertaking an initial assessment.”
• “The increase in total operating expenses was primarily driven by increased headcount and employment costs and to a lesser degree by increased IT expenditure, consulting fees and building costs.”
• “The total impact of discounting in the year was net income of $1.7 million (2024) compared to net expense of $0.2 million (2023), primarily due to higher net initial discounts in a more active loss environment.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Gross written premiums

  —

  Not reported

• Net earned premiums

  +4.3%

  £232,616,753 → £242,624,166

• Profit before tax

  -98.3%

  £12,824,314 → £222,387

• Equity

  +0.1%

  £137,509,266 → £137,583,395

• Claims incurred

  +45.2%

  £104,892,513 → £152,260,934

• Insurance contract liabilities

  +25.2%

  £229,873,981 → £287,916,976

• Investment return

  -20%

  £7,783,543 → £6,226,835

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