FLOOD RE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Gross written premiums

  0%

  £135,000,000 → £135,000,000

• Net earned premiums

  +23.5%

  £53,279,000 → £65,826,000

• Profit before tax

  -43.2%

  £23,755,000 → £13,498,000

• Equity

  +1.6%

  £661,328,000 → £672,010,000

• Claims incurred

  -35.6%

  £275,791,000 → £177,701,000

• Insurance contract liabilities

  +22.4%

  £474,276,000 → £580,654,000

• Investment return

  +10.1%

  £39,827,000 → £43,850,000

• Employees

  +10.9%

  64 → 71

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Flood Re has assessed its Going Concern status over a 12-month period from the date of approval of the financial statements and evaluated its viability over a three-year financial planning period commencing 1 April 2025.”

Significant events

• “Flood Re submitted an Article 90 Report in May 2024 seeking amendments including Levy 1 for the next three-year period commencing April 2025. As a result of engagement with Defra and HM Treasury officials Flood Re achieved an outcome representing the right balance between all the stakeholders of the Scheme increasing Levy 1 to £160m a year (from £135m).”
• “Flood Re secured an outward reinsurance programme for the next 3 years (year 10-12), including traditional reinsurance, the issuance of a Catastrophe Bond and the use of Spread Loss. The 2025-2028 Reinsurance Programme was procured in a more challenging market environment than in 2022, when the previous programme was placed.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.