A detailed explanation of financial and claims performance at the mid-year point is provided by the Club in its October Review 2010. Free reserves and capital at $419 million, improving overall claims position particularly on 2009 and also 2008, 2009 policy year combined ratio of 102 per cent and S&P rating A- (Outlook: Stable)

Financial highlights:

• General increase for 2011 set at 5 per cent
• Free reserves and capital increased to $419 million at 20th August
• Improving overall claims position particularly on 2009 and also 2008
• Reserve release of $34 million at half year, whilst maintaining the same level of reserving confidence
• Investment income in line with forecast return of 4 per cent for the year
• 2009 policy year combined ratio of 102 per cent
• A- (stable outlook) S&P rating