Universal Insurance PLC

Financial Summary

FIVE YEAR FINANCIAL SUMMARY YEAR ENDED 31ST DECEMBER 2007.
	2007 N’000	2006 N’000	2005 N’000	2004 N’000	2003 N’000
Statutory deposit	335,000	35,000	35,000	35,000	35,000
Quoted Investment	1,509	2,307	2,307	2,307	1,637
Other Investments	2,433,893	2,075,841	1,794,286	434,100	2,628
Fixed Assets	2,212,346	4,056,416	3,964,469	1,046,007	221,308
Net Current Assets /(Liabilities) Amounts falling due within one year	4,653,362	1,619,614	180,262	153,389	(49,845)
Amount falling due after More than one year	-	-	-	-	-
	9,636,110	7,789,178	5,976,324	1,669,443	194,368
Share Capital	8,000,000	3,000,000	400,000	400,000	16,000
Share Premium	825,018	132,000	132,000	9,200	-
Deposit for shares	-	-	27,647	27,647	-
Capital reserve	103,968	3,927,518	3,927,518	958,518	258,244
Profit & loss account	505,476	337,925	27,527	9,869	(113,727)
Share holders fund	9,434,462	7,397,443	4,391,893	1,405,234	160,517
Insurance fund	132,856	358,105	65,848	6,381	23,854
Contingency reserve	68,792	33,630	13,806	11,119	9,997
Holding Company	-	-	1,504,777	226,708	-
	9,636,110	7,789,178	5,976,324	4,643,633	207,801
Profit and loss Account
Premium Income less reinsurance:
General	409,258	629,774	79,254	32,924	5,349
Life	-	21,025	21,166	9,087	818
Profit (Loss) before taxation	275,201	414,365	22,899	(10,181)	(9,103)
Taxation	(65,763)	(84,143)	(4,125,000)	(2,100)	(44)
Profit after taxation	209,438	330,222	18,774	(12,281)	(9,147)