Munich Re Worldwide

Great Lakes Australia

Key performance indicators
	2011	2010	2009
Gross Written Premium £m	1,913.7	1,776.0	1,449.7
Gross Loss Ratio	60.0%	59.5%	74.6%
Gross Combined Ratio	90.8%	90.7%	98.0%
Administrative Expense Ratio	1.6%	1.6%	1.7%
Profit Before Tax £m	57.6	22.7	67.5
Shareholders' Funds £m	346.1	304.8	292.6
Investments £m	605.2	541.1	511.0
Total Assets £m	4,372.8	4,090.0	3,552.4
Solvency Margin	210.5%	200.5%	232.0%
Dividends Paid £m	0	7.5	55.2

Ratings
	A.M. Best	Standard & Poors
Great Lakes Reinsurance (UK) PLC	A+	AA-