ANTARES UNDERWRITING LIMITED

1. ANTARES UNDERWRITING LIMITED 2007-09-14 → present
2. MINMAR (851) LIMITED 2007-07-06 → 2007-09-14

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

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Management believe that the Company will continue to operate as a going concern for the twelve months following the signing of these financial statements. Further, a letter of support is in place where the Ultimate Parent Company, Qatar Insurance Company QSPC, will provide protection in case the Company fails in its contractual obligations. The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period"). We consider that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate; we have not identified, and concur with the directors' assessment that there is not, a material uncertainty related to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for the going concern period.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Gross written premiums

  -0.2%

  £444,097,109 → £443,150,482

• Net earned premiums

  +0.7%

  £97,686,434 → £98,362,491

• Profit before tax

  -46.2%

  £18,808,747 → £10,124,537

• Equity

  +347%

  £2,170,497 → £9,702,743

• Claims incurred

  -5.1%

  £255,988,139 → £242,907,339

• Insurance contract liabilities

  -2.3%

  £1,043,168,273 → £1,018,787,991

• Investment return

  -23.1%

  £9,075,612 → £6,976,279

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