Sirius International Insurance Group, Ltd. (SG) 2001年年度报告「NASDAQ」.pdf

1、1Our values remainthe same.Our clientswant strong andconsistent partnerships.That it is what wecontinue to provide.2GroupUS$in millions20012000Gross premium income823779Insurance operating result1206Investment operating result4767Income before tax7669Net income for the year5456Combined ratio119%103%

2、Solvency capital8761,091Solvency ratio124%172%Number of employees200201A.M.Bests rating:A+(superior)Standard&Poors rating:A(strong)809010011012013014015020012000199919981997%World reinsurance industrySource:Swiss Re/Fox-Pitt,Kelton/A M Best 2000,S&P 2001Sirius Group9810498106101118103116119140 estim

3、ated120Combined ratioSirius Group compared with world reinsurance industry3Sirius International4Yet again our teamsturned in a performancebetter than the industryaverage.revious annual reports have referredto the volatility of the reinsuranceindustry;during 2001 we experienced justwhat that word mea

4、ns.As a result I am unable to offer myusual upbeat message.It was by anystandards an extremely difficult year.Wehad to tackle the full range of difficultiesthat reinsurers face from time to time andmore.The outcome was that Sirius Interna-tional reported its first loss ever.Despite these setbacks,we

5、 emergedwith our strength intact,bloodied butunbowed.Fortunately the year ended on ahigh note,with the best renewal season forseveral years and demand for our servicesgreater than ever.In this report I shall outline theproblems that Sirius International facedduring 2001,how we responded and ourplans

6、 for the future.September 11Anyone who was at the reinsurance rendez-vous at Monte Carlo on September 11 willalways remember how a sense of disbeliefgave way to shock as we learnt that manyof the people we had just met were directlyaffected by the atrocity.I would like tomake a record of our condole