Sirius International Insurance Group, Ltd. (SG) 2000年年度报告「NASDAQ」.pdf

1、1The priority through-out the year hasbeen to consolidateour position followinga period of changeand expansion,andin market conditionsthat demandedcaution.23ConsolidatedUS$in millions20001999Gross premium income779634Insurance operating result67Investment operating result67123Income before tax69128N

2、et income for the year5694Combined ratio103%101%Solvency capital1,0911,018Solvency ratio172%215%Number of employees201137A.M.Bests rating:A+(superior)Standard&Poors rating:AA-(very strong)“The upgrade is based on the companysimproved business position through acqui-sition and its parents increasing

3、focus onfinancial services,Sirius very strongoperating performance and its continuedextremely strong capitalisation.”Standard&Poors.“Sirius Internationals consistentlyfavourable operating trends,sustainedprofitable growth,excellent capitalizationand balance sheet strength and manage-ments demonstrat

4、ed success in enhancingthe groups competitive market position.”A.M.Best.Sirius International4Our income growthstems from an abilityto attract high qualitynew business.2000 has been a year of continuingachievement and development for the SiriusGroup,despite the first drop in profits formany years.The

5、 priority throughout the year hasbeen to consolidate our position followinga period of change and expansion,and inmarket conditions that demanded caution.The new branches in Belgium and Singa-pore have now successfully been integratedwith the rest of the group and its custom-ers,and are contributing

6、 to the growingdiversity that is one of our strengths.Thequality of our overall strategy and under-writing was acknowledged during the yearwhen Standard&Poors and A.M.Bestimproved our already strong securityratings.While I do not anticipate an immediatereturn to 1999 levels of profitability,we arewe