Market conditions continue to be challenging, and AEGL
is currently expecting to report a lower technical result in 2012 than the GBP 56.
In 2010, AEGL
benefited from an improvement in pricing in certain lines of its London market business and growth within its specialty personal lines and UK retail divisions.
In 2009, AEGL benefited from an improvement in pricing for certain lines of specialty business.
AEGL has a strong business profile in its core UK and continental European markets, as an underwriter of a well-diversified portfolio of property and casualty, accident and health and personal lines insurance.
occupies a strong position in the UK and European insurance markets and continues to develop its profile for emerging market business.
Best anticipates that AEGL
will achieve a good combined ratio between 90% and 95% in 2007, albeit higher than the 86% reported in 2006, owing to weather-related losses in the United Kingdom, an increase in expenses and weaker market conditions.
Best believes that AEGL
is likely to achieve a good profit before tax in 2006, although significantly less than the very strong earnings of GBP 242 million (USD 453 million) achieved in 2005, which exceeded A.