Syndicate Results

Amlin PLC
23 February 2005

PRESS RELEASE

23rd April 2005

For immediate release



AMLIN PLC - SYNDICATE RESULTS AND FORECASTS

                   Amlin reports record 2002 syndicate profit


Amlin plc ('Amlin'), the leading Lloyd's insurer, today releases Syndicate
2001's final result for the 2002 year of account, an updated forecast for the
2003 year of account and an initial forecast for the 2004 year of account.


The result and forecasts in the table below are after all personal expenses and
are expressed as a percentage of capacity.




                            Capacity            %             Profit /current
Year of account                £m             owned              forecast            Previous forecast

2002                         800.0             72.3                21.7%                17% to 22%
2003                        1,000.0            86.2              16% - 21%              14% to 19%
2004                        1,000.0           100.0              6% - 11%                   N/a



Coming in at the higher end of previous forecasts, the 2002 year of account
result is a strong one and was achieved whilst maintaining good diversity of
classes written, with each division achieving a double-digit return on capacity.



The improvement in the 2003 forecast reflects continued good claims development.
  Claims experience to date has been excellent with a gross incurred claims
ratio of 36% after 24 months compared to 40% for the 2002 year at the same
stage.  With continued normal loss development, the 2003 forecast is expected to
improve from this position.



The 2004 year of account is at an early stage of development and in setting the
initial forecast, as usual, a cautious approach has been adopted.  Natural
catastrophe losses in this year, including the US hurricanes and Japanese
typhoon, are currently forecast to be the highest ever.  As with 2003,
improvement in the forecast is expected if normal loss levels are experienced as
the account develops.



Charles Philipps, Chief Executive of Amlin, said: 'Excellent performance across
the Group for both underwriting and our investments has produced a record result
for Syndicate 2001 for the 2002 year of account, with continued high
expectations for the open years.  This is a testament to the quality of the
underwriting teams across the Group.  I am very pleased with the levels of
dedication and contribution demonstrated by all of our teams.'



Enquiries:



Amlin plc                              020 7746 1000
Charles Philipps, Chief Executive
Richard Hextall, Finance Director
Hannah Bale, Head of Group Communications



Haggie Financial
David Haggie                           020 7417 8989
Peter Rigby
























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