Interim Results
RESILIENT INSURANCE, CRUISE
AND TRAVEL STARTING TO
RECOVER
HY 2022 HY 2021
Variance
Retail Broking (written)
£37.0m £39.5m
(6%)
Written to earned adjustment
(£1.5m)
(£1.6m)
6%
Underwriting
£16.4m
£31.1m
(47%)
Insurance
£51.9m £69.0m
(25%)
Ocean Cruise
(£6.9m) (£35.4m)
81%
River Cruise and Travel
(£4.7m) (£15.8m)
70%
Cruise and Travel
(£11.6m) (£51.2m)
77%
Other Businesses
£0.4m
£1.1m
(64%)
Central Costs
(£26.7m) (£21.7m)
(23%)
Underlying Profit/(Loss) Before Tax
₤14.0m
(£2.8m)
600%
8
Interim results for the six months ended 31 July 2022
Lower Insurance result mainly a
function of higher current-year loss
ratio in the Underwriting business
Significantly improved Cruise and
Travel result as businesses begin to
return to more normal operating
conditions
Increase in Central Costs mainly due
to lower group recharges and higher
finance costs
SAGAView entire presentation