Income and expenditure account on lines of business
vertical line
         
    21.02.16 to 20.08.16
Amounts   in USD 000's  P&I  M&E Consolidated 
         
Premiums earned gross 307,222 121,933 429,156
         
Premiums earned net 242,389 105,682 348,071
Claims incurred for own account* 184,673 105,893 290,566
Operating expenses 21,791 20,748 42,539
         
Result on technical account 35,925 (20,959) 14,966
         
Result on non-technical account 62,567 19,735 82,302
         
Result ordinary operations 98,492 (1,224) 97,269
         
Combined ratio net 85% 120% 96%
         
* Claims handling costs share of operating expenses are included in Claims incurred for own account