GREAT LAKES INSURANCE SE

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

German Commercial Code (HGB)

Reporting scope

Standalone (parent only)

Auditor

EY GmbH & Co. KG Wirtschaftsprüfungsgesellschaft

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In preparing the annual financial statements, the executive directors are responsible for assessing the Company’s ability to continue as a going concern. They also have the responsibility for financial reporting based on the going concern basis of accounting, provided no actual or legal circumstances conflict therewith.”

Group structure

1. GREAT LAKES INSURANCE SE · parent
   1. Great Lakes Insurance UK Limited 100% · UK · insurance

Significant events

• “Uncertainties ... stemming from the ongoing transfer of the personal lines business with agents in the United Kingdom to the new subsidiary will be more than offset by growth in other fields of business.”
• “In 2025, our reinsurance programme will once again protect us against further potential material claims expenditure in connection with the war in Ukraine.”
• “Although the losses from the devastating fires in Los Angeles in January 2024 cannot yet be estimated with accuracy, it is already evident that for the insurance industry this will be the largest wildfire loss in history. Great Lakes expects claims expenditure after reinsurance of up to €15m.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.

• Turnover

  +0.4%

  £4,499,390,603 → £4,515,992,545

• Cash

  +27.9%

  £205,309,466 → £262,629,161

• Net assets

  -0.1%

  £477,497,399 → £476,859,397

• Employees

  +25.5%

  47 → 59

• Operating profit

  -10.5%

  £96,104,369 → £85,993,412

• Profit before tax

  -14%

  £46,909,674 → £40,341,540

• Wages

  +0.9%

  £587,302,358 → £592,805,132

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