Interim Results
SUMMARY OF GUIDANCE FOR 2022/23
£
Group financials
Insurance
Ocean Cruise
River Cruise and Travel
Full year underlying profit to be in the range of £20-30m (compared with previous
guidance of £35-50m)
Expect net debt to continue to reduce, despite challenging markets
Motor and home policy sales like to be similar to H1
Motor and home margin per policy slightly lower than the first half
Current-year combined operating ratio similar to H1
Reserve releases materially lower than in the first half
75% load factor (84% in H2)
Per diem of £319 (£320 in H2)
• £8m one-off COVID-19 discounts and safety protocols (per preliminary results)
• Small Underlying Loss Before Tax, in line with previous guidance
Other Businesses and
Central Costs
Central costs likely to be around £6m higher in H2 due investment in capability
and innovation
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Interim results for the six months ended 31 July 2022
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