Results
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Growth was driven by active risk selection, as rating environment begins to moderate, said CEO Cox. -
Its combined ratio stayed under 80%, which may give it room to outperform on annual targets.
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The Bermudian booked net favorable reserve development of $1.6mn.
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The firm’s exposure to US SCS was almost exclusively related to a non-renewed homeowners’ program.
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Cat losses were lower year-on-year but other risk losses were recognised.
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Hiscox posted a H1 London market combined ratio that worsened by 3.7 points to 86.9%.
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IGI’s reinsurance unit lifted underwriting profits but short-tail specialty dropped year-on-year.
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Hussain said the firm’s exposure to the CrowdStrike losses was “immaterial”.
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Hiscox said in its big-ticket businesses, “positive market conditions have persisted”.
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Cat losses added 8.4 points to the combined ratio.
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Improved underwriting and investment results lifted the group’s international performance.
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Geico more than tripled U/W profits due to higher average premiums per auto policy and lower claims frequency.
Most Recent
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Enstar Q1 net profit falls 58% to $50mn
02 May 2025 -
Daily Digest: Top news from 2 May
02 May 2025