Hiscox Ltd full year results

"A good result in a challenging year for insurers"

Group key performance indicators 

For the year ended 31 December 2018

Results

Highlights

  • Profit before tax tripled to $137.4 million (2017: $39.7 million), with a strong underwriting result of $148.0 million (2017: $43.0 million) in another busy year for claims. 
  • Gross premiums written grew by 15.0% with double-digit growth in all segments.
  • The standout performer was Hiscox London Market, which returned to growth and profit after three years of disciplined cycle management.
  • Hiscox Retail wrote over $2 billion of premium and served one million customers for the first time, and its profits cover the dividend for the third consecutive year.  
  • Hiscox Re & ILS was impacted by a second year of significant natural catastrophes and some large individual claims. Kiskadee Investment Managers’ assets under management now at $1.5 billion.
  • Ongoing investment in brand and infrastructure to capture long-term growth opportunity continues.

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