Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Ppp slideshow 8-12-12

563 views

Published on

  • Be the first to comment

  • Be the first to like this

Ppp slideshow 8-12-12

  1. 1. Stenfield Captive ProposalFinancial Projections Profit/LossYear 1 2013/2014 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total AnalysisPremium IncomeCategory 1 (ID -NIHL) - Less than £25k LOI 38,938 40,106 42,111 45,059 48,663 53,043 58,347 63,599 68,687 73,495 77,904 81,799 691,750 40.41%Category 2 - (COM) Less than £25k LOI 34,125 35,149 36,555 38,382 40,685 43,127 45,714 48,914 52,338 56,002 59,922 64,116 555,029 32.43%Category 3 - £25k - £50k LOI 4,688 4,781 4,925 5,072 5,275 5,486 5,706 5,934 6,231 6,542 6,869 7,213 68,723 4.01%Category 4 - £50k - £100k LOI 8,100 8,262 8,510 8,765 9,028 9,299 9,671 10,058 10,460 10,878 11,314 11,766 116,111 6.78%Category 5 - £100k - £250k LOI 5,250 5,355 5,462 5,571 5,738 5,911 6,088 6,271 6,521 6,782 7,054 7,336 73,339 4.28%Category 1 (ID - NIHL ) Premium Uplift 7,398 7,620 8,001 8,561 9,246 10,078 11,086 12,084 13,050 13,964 14,802 15,542 131,432 7.68%Category 2 - (COM) Premium Uplift 4,631 4,770 4,961 5,209 5,522 5,853 6,204 6,638 7,103 7,600 8,132 8,702 75,325 4.40%Gross Written Premium 103,129 106,043 110,524 116,620 124,158 132,797 142,816 153,497 164,390 175,264 185,997 196,474 1,711,709 1,711,709Policy Acquisition CostsManagement & Directors Fees 6500 6500 6500 6500 6500 6500 6500 6500 6500 6500 6500 6500 78,000 4.56%Insurers Fronting Charge 10313 10604 11052 11662 12416 13280 14282 15350 16439 17526 18600 19647 171,171 10.00%Insurance Managers Fees 16000 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000 60,000 3.51%Brokerage - Acquisition Costs 25,782 26,511 27,631 29,155 31,040 33,199 35,704 38,374 41,098 43,816 46,499 49,118 427,927 25.00%Underwriting Fees 12,625 12,959 13,483 14,185 15,049 16,050 17,236 18,455 19,698 20,919 22,102 23,228 205,988 12.03%Underwriting Profit Share 1,556 1,600 1,659 1,734 1,828 1,928 2,035 2,164 2,304 2,453 2,613 2,783 24,657 1.44%IBNR @ 40% Reserve Contingency 41,252 42,417 44,210 46,648 49,663 53,119 57,126 61,399 65,756 70,105 74,399 78,590 684,684 40.00%Administration - IT & Contingency 8,000 2,651 2,763 2,916 3,104 3,320 3,570 3,837 4,110 4,382 4,650 4,912 48,215 2.82%Total Policy Acquisition Costs 122,028 107,242 111,298 116,800 123,600 131,395 140,453 150,079 159,904 169,702 179,362 188,778 1,700,642 99.35%IBNR Reserve Release 0 0 0 0 0 0 0 2,063 4,183 6,394 9,551 13,295 35,487 5.18%Claims Settlements 0 0 0 0 0 0 0 7,860 8,094 8,471 9,006 9,665 43,095 2.52%Reserve Claim Settlement Account 0 0 0 0 0 0 0 -5,797 -3,911 -2,077 546 3,630 -7,609Profit/Loss Account -18,899 -1,199 -774 -179 559 1,401 2,363 -2,379 575 3,485 7,180 11,326 3,459 0.20%Profit/Loss Account Cumulative -18,899 -20,098 -20,872 -21,051 -20,492 -19,091 -16,728 -19,107 -18,532 -15,047 -7,867 3,459
  2. 2. Stenfield Captive ProposalFinancial Projections Profit/LossYear 2 - 2014/2015 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total AnalysisPremium IncomeCategory 1 (ID -NIHL) - Less than £25k LOI 85,889 90,184 94,693 100,375 106,397 113,845 121,814 129,123 136,870 143,714 150,900 158,445 1,432,249 43.86%Category 2 - (COM) Less than £25k LOI 66,681 69,348 72,122 75,728 79,515 83,490 88,500 93,810 98,500 103,425 108,597 114,027 1,053,744 32.27%Category 3 - £25k - £50k LOI 7,357 7,504 7,654 7,807 8,042 8,283 8,531 8,787 9,139 9,504 9,885 10,280 102,774 3.15%Category 4 - £50k - £100k LOI 12,001 12,241 12,486 12,736 12,991 13,251 13,648 14,058 14,479 14,914 15,361 15,822 163,988 5.02%Category 5 - £100k - £250k LOI 7,409 7,483 7,558 7,634 7,786 7,942 8,101 8,263 8,511 8,766 9,029 9,300 97,781 2.99%Category 1 (ID - NIHL ) Premium Uplift 16,319 17,135 17,992 19,071 20,215 21,631 23,145 24,533 26,005 27,306 28,671 30,104 272,127 8.33%Category 2 - (COM) Premium Uplift 9,050 9,412 9,788 10,277 10,791 11,331 12,011 12,731 13,368 14,036 14,738 15,475 143,008 4.38%Gross Written Premium 204,707 213,308 222,294 233,629 245,737 259,772 275,750 291,305 306,873 321,665 337,180 353,452 3,265,671 3,265,671Policy Acquisition CostsManagement & Directors Fees 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 85,800 2.63%Insurers Fronting Charge 20471 21331 22229 23363 24574 25977 27575 29131 30687 32167 33718 35345 326,567 10.00%Insurance Managers Fees 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000 1.84%Brokerage - Acquisition Costs 51,177 53,327 55,573 58,407 61,434 64,943 68,937 72,826 76,718 80,416 84,295 88,363 816,418 25.00%Underwriting Fees 24,140 25,092 26,086 27,317 28,653 30,233 31,989 33,662 35,420 37,055 38,767 40,560 378,972 11.60%Underwriting Profit Share 2,883 2,987 3,095 3,233 3,380 3,535 3,729 3,934 4,121 4,317 4,522 4,737 44,472 1.36%IBNR @ 40% Reserve Contingency 81,883 85,323 88,917 93,451 98,295 103,909 110,300 116,522 122,749 128,666 134,872 141,381 1,306,269 40.00%Administration - IT & Contingency 4,002 4,168 4,342 4,560 4,794 5,065 5,374 5,674 5,975 6,261 6,561 6,876 63,653 1.95%Total Policy Acquisition Costs 196,705 204,378 212,393 222,481 233,280 245,812 260,054 273,899 287,821 301,032 314,885 329,412 3,082,151 94.38%IBNR Reserve Release 17,672 22,328 27,300 33,025 38,300 43,532 48,707 53,347 58,241 62,540 67,043 70,893 542,929 27.27%Claims Settlements 10,440 11,353 12,301 13,244 14,165 15,050 15,883 16,625 17,402 18,216 19,248 20,341 184,266 5.64%Reserve Claim Settlement Account 7,232 10,975 14,999 19,782 24,135 28,482 32,824 36,722 40,839 44,324 47,795 50,553 358,662Profit/Loss Account 15,234 19,905 24,899 30,929 36,592 42,443 48,520 54,129 59,891 64,958 70,090 74,593 542,183 16.60%Profit/Loss Account Cumulative 15,234 35,139 60,038 90,967 127,559 170,002 218,522 272,651 332,542 397,500 467,590 542,183
  3. 3. Stenfield Captive ProposalFinancial Projections Profit/LossYear 3 - 2015/2016 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total AnalysisPremium IncomeCategory 1 (ID -NIHL) - Less than £25k LOI 161,613 166,462 171,456 176,599 181,897 187,354 191,101 194,923 198,822 202,798 206,854 210,991 2,250,872 46.63%Category 2 - (COM) Less than £25k LOI 116,307 117,470 118,645 119,831 121,030 122,240 123,462 124,697 127,191 129,735 132,329 134,976 1,487,913 30.82%Category 3 - £25k - £50k LOI 10,486 10,590 10,696 10,803 10,911 11,020 11,131 11,353 11,580 11,812 12,166 12,531 135,080 2.80%Category 4 - £50k - £100k LOI 15,980 16,140 16,301 16,464 16,629 16,795 16,963 17,133 17,476 17,825 18,182 18,545 204,433 4.24%Category 5 - £100k - £250k LOI 9,393 9,487 9,582 9,677 9,774 9,872 9,971 10,070 10,171 10,273 10,376 10,479 119,125 2.47%Category 1 (ID - NIHL ) Premium Uplift 30,707 31,628 32,577 33,554 34,560 35,597 36,309 37,035 37,776 38,532 39,302 40,088 427,666 8.86%Category 2 - (COM) Premium Uplift 15,785 15,942 16,102 16,263 16,425 16,590 16,756 16,923 17,262 17,607 17,959 18,318 201,931 4.18%Gross Written Premium 360,270 367,719 375,358 383,192 391,227 399,469 405,693 412,135 420,277 428,581 437,168 445,929 4,827,020Policy Acquisition CostsManagement & Directors Fees 7865 7865 7865 7865 7865 7865 7865 7865 7865 7865 7865 7865 94,380 1.96%Insurers Fronting Charge 36027 36772 37536 38319 39123 39947 40569 41214 42028 42858 43717 44593 482,702 10.00%Insurance Managers Fees 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 72,000 1.49%Brokerage - Acquisition Costs 90,068 91,930 93,840 95,798 97,807 99,867 101,423 103,034 105,069 107,145 109,292 111,482 1,206,755 25.00%Underwriting Fees 41,310 42,242 43,199 44,181 45,190 46,226 46,989 47,795 48,727 49,677 50,678 51,699 557,911 11.56%Underwriting Profit Share 4,827 4,875 4,924 4,973 5,023 5,073 5,124 5,178 5,279 5,383 5,491 5,602 61,754 1.28%IBNR @ 40% Reserve Contingency 144,108 147,088 150,143 153,277 156,491 159,788 162,277 164,854 168,111 171,432 174,867 178,372 1,930,808 40.00%Administration - IT & Contingency 7,008 7,153 7,303 7,456 7,613 7,774 7,895 8,022 8,180 8,341 8,508 8,679 93,931 1.95%Total Policy Acquisition Costs 337,212 343,925 350,809 357,870 365,111 372,539 378,143 383,961 391,259 398,702 406,418 414,292 4,500,242 93.23%IBNR Reserve Release 74,896 79,073 83,405 87,889 92,543 97,392 102,466 107,569 112,704 117,877 122,976 127,970 1,206,759 30.77%Claims Settlements 21,642 23,087 24,463 25,858 27,146 28,499 29,918 30,515 31,263 32,033 32,823 33,636 340,885 7.06%Reserve Claim Settlement Account 53,254 55,986 58,942 62,030 65,397 68,893 72,548 77,054 81,440 85,845 90,152 94,334 865,874Profit/Loss Account 76,312 79,780 83,491 87,353 91,513 95,822 100,098 105,228 110,459 115,724 120,902 125,972 1,192,653 24.71%Profit/Loss Account Cumulative 76,312 156,091 239,582 326,935 418,448 514,271 614,369 719,597 830,056 945,780 1,066,682 1,192,653

×