Trading Statement

Amlin PLC
10 January 2007


AMLIN PLC
PRESS RELEASE
For immediate release
10 January 2007


                                TRADING STATEMENT
                                        
                                      
 Amlin plc ('Amlin' or 'the Group'), the leading insurer, is today providing an
                  update on current trading as set out below.
                                        

Current trading

2006 underwriting

The Group's gross written premium (after brokerage costs) in the year ended 31
December 2006 was £882 million, up 19% over the same period in 2005.

Syndicate 2001's gross written premium was £783 million (at rates of $1.96:£1),
compared to £744 million for the previous year at comparable rates of exchange.
This includes additional insurance business written for Amlin Bermuda of £28
million. Amlin Bermuda has written $250 million of new premium income for the
Group, including the cessions referred to above but excluding the whole account
reinsurance of Syndicate 2001.

The average renewal rate increase for Syndicate 2001 for the year was 6.25% with
renewal retention at 77%. The rating trends are similar to that reported in
November. The non-marine and marine markets, where the rating environments have
been strongest, have been the growth areas for the Group in the year. Amlin
Bermuda has written mainly reinsurance business, where the rating environment
has been strong, and where Syndicate 2001 experienced some of its largest rate
increases in the year. Within the aviation division pricing on the airline
account remains under pressure and the UK commercial market continues to see
competitive pressure on rates.

2007 underwriting

1 January is a major renewal period for a number of key classes of business for
Amlin. Amlin has written total income to date of £254 million, a 12% increase on
the previous year. The overall renewal rate increase achieved by Amlin across
all classes was 1%. Reinsurance rates remained healthy with average rate
improvements on US catastrophe business of 20% and reductions for international
catastrophe reinsurance rates of 5%. As noted above, Amlin Bermuda's
underwriting is concentrated on reinsurance classes. The company had an
excellent start to the year, and, excluding the whole account reinsurance of
Syndicate 2001, has written $87 million to date, a 58% increase on business
written at this stage last year.

Investment returns

Fourth quarter equity market performance was strong and our equity returns for
the year reached 15%.

Bond market performance in the fourth quarter was poor as the market started to
reduce its expectations of near term rate cuts as US and UK growth remained
robust. For the year the Syndicate short sterling bonds returned 2.5% (H1 2006:
0.8%) and US dollars 3.8% (H1 2006: 0.3%).

The weighted average return on average group cash and investments, of £2.1
billion, was 4.8% for 2006.


Charles Philipps, Chief Executive of Amlin added:

'2006 was an excellent year for Amlin with strong premium growth into a benign
claims environment. 2007 has begun well and we are pleased with the Group's
underwriting position through the important 1 January renewal season.'


Enquiries:

Charles Philipps, Chief Executive, Amlin plc      0207 746 1000
Richard Hextall, Finance Director, Amlin plc      0207 746 1000
Hannah Bale, Head of Communications, Amlin plc    0207 746 1000
David Haggie/Peter Rigby, Haggie Financial        0207 417 8989 / 07768 332486




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