Raising standards to protect homeowners
Our financial strength
During our 75 years we have supported homeowners through periods of growth, stability and recession. Throughout economic highs and lows, homeowners can continually rely on the protection offered by our warranty.
Financial summary
| For the year ended 31 March 2011 | 2011 |
2010 |
| Net written | 38,754 | 24,322 |
| Surplus in technical account for general business | 44,607 | 83,959 |
| Surplus on ordinary activities before tax | 38,329 | 78,431 |
| Retained surplus for the year | 27,649 | 57,192 |
| Revaluation reserve | 482 | 3,584 |
| Accumulated balance on revenue account | 350,734 | 310,500 |
5 year financial summary
Total income £ (millions)
(excluding capital gains and losses on investments)
Surplus after tax £ (millions)
Claims payments £ (millions)
Insurance reserves £ (millions)
(Gross/Net)
The financial information set out in this except from our 2011 Annual Review does not constitute full financial statements as it does not include all the disclosures required by the Companies Act 2006, which have been made in the full financial statements. These statements, including an unqualified auditor's report by PricewaterhouseCoopers LLP, will be filed with the Registrar of Companies and are available from NHBC's Company Secretary.
