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       GB00B8KJH563

ESURE GROUP PLC

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Esure : Solvency Capital Coverage

05/03/2019 | 12:38pm EDT

3 May 2019

esure Group plc

(the 'Company')

Solvency Capital Coverage

esure Group plc ('the Group') today announces that its solvency capital coverage ratio is 149% as at 31 March 2019 (31 December 2018: 108%). The solvency capital coverage ratio has increased due to the Group implementing a reinsurance arrangement (Loss Portfolio Transfer(1) combined with Adverse Development Cover(2)).

Notes

(1) Loss Portfolio Transfer is a reinsurance arrangement where a reinsurer assumes and accepts the Group's existing open and future claims liabilities through the transfer of the Group's net claims liabilities at 31 March 2019.

(2) Adverse Development Cover is a reinsurance arrangement where cover attaches on aggregate basis and limits net claims liabilities deteriorating beyond a pre-agreed point.

For further information, please contact:

Alice Rivers

Company Secretary

t: +44 (0)1737 235504

Chris Wensley

Head of Investor Relations & Corporate Strategy

t: +44 (0)1737 641324

e: ir@esure.com

LEI: 213800KOI3F5LM54PT80

ISIN: GB00B8KJH563

Disclaimer

Esure Group plc published this content on 03 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2019 16:37:06 UTC


© Publicnow 2019
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