ANTARES INSURANCE COMPANY LIMITED

1. ANTARES INSURANCE COMPANY LIMITED 2023-12-14 → present
2. QIC GLOBAL LIMITED 2021-11-24 → 2023-12-14

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

“The Directors have assessed going concern from both financial and regulatory aspects and the financial statements are prepared on a going concern basis which the Directors believe to be appropriate for the following reasons. During the year ended 31 December 2024 the Company made a loss of £2.3m, and had net assets of £30.2m which is attributable to administrative expenses exceeding the underwriting activity for the year. The Directors are satisfied that the Company has adequate reinsurance quota share and excess of loss treaties to provide stability in claims costs. The Directors are satisfied that the Company has adequate resources to continue in operational existence for the twelve months following the signing of these financial statements. The Company continues to have support via a deed of guarantee in place from the ultimate parent company, Qatar Insurance Company Q.S.P.C which has confirmed its commitment to continue providing financial support to the Company for at least a period of 12 months from the date of signing of the Company's financial statements.”

Significant events

• “An additional coverholder has been onboarded since the end of the prior year in line with the Company's growth trajectory.”

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

Filings

10

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

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

  —

  Not reported

• Profit before tax

  -2,557.3%

  £124,000 → -£3,047,000

• Equity

  -7.4%

  £32,595,000 → £30,193,000

• Investment return

  +988.8%

  £161,000 → £1,753,000

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