REG - Hiscox Ltd - Syndicates 33 and 6104 – results and estimates

HiscoxAnnouncement

15/05/2023 13:15

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RNS Number : 4521Z  Hiscox Ltd  15 May 2023

 

Syndicates 33 and 6104 - results and estimates

 

Hamilton, Bermuda (15 May 2023) - Hiscox Ltd (LSE: HSX), the international
specialist insurer, announces the  current estimates for Syndicate 33's 2021
and 2022 accounts, and Syndicate 6104's 2020, 2021 and 2022 accounts.

 

 

The estimates for 2020 (Syndicate 6104 only), 2021 and 2022 expressed as a
percentage of capacity, are as follows:

 

 Syndicate  Year of account  Current estimate  Previous estimate  Capacity  Hiscox share
 33         2021             1.4% to 11.4%     (2.2%) to 7.8%     £1,699m   73%
 33         2022             3.3% to 13.3%     (0.8%) to 9.2%     £1,700m   73%
  6104*     2020             (4.6%) to 5.5%    (5.6%) to 4.4%     £44m      0%
 6104       2021             (10.7%) to 4.3%   (10.7%) to 4.3%    £23m      0%
 6104       2022             1.7% to 9.5%      (5.8%) to 4.2%     £13m      0%

 

 

ENDS

 

 

For further information:

Investors and analysts

Yana O'Sullivan, Director of Investor Relations, London +44 (0)20 3321 5598

Marc Wetherhill, Group Company Secretary, Bermuda +1 441 278 8300

 

Media

Kylie O'Connor, Director of Communications, London +44 (0)20 7448 6656

Tom Burns, Brunswick +44 (0)20 7404 5959

Simone Selzer, Brunswick +44 (0)20 7404 5959

 

Notes to editors

About The Hiscox Group

 

1. The Syndicates' estimates are after standard personal expenses, such as
Managing Agent fees and profit commission and all charges levied directly on
syndicates by Lloyd's, but before Members Agents' charges.

 

2. Hiscox is a global specialist insurer, headquartered in Bermuda and listed
on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected
specialist insurer with a diverse portfolio by product and geography. We
believe that building balance between catastrophe-exposed business and less
volatile local specialty business gives us opportunities for profitable growth
throughout the insurance cycle.

 

The Hiscox Group employs over 3,000 people in 14 countries, and has customers
worldwide. Through the retail businesses in the UK, Europe, Asia and the USA,
we offer a range of specialist insurance for professionals and business
customers as well as homeowners. Internationally traded, bigger ticket
business and reinsurance is underwritten through Hiscox London Market and
Hiscox Re & ILS.

 

Our values define our business, with a focus on people, courage, ownership and
integrity. We pride ourselves on being true to our word and our award-winning
claims service is testament to that. For more information, visit
www.hiscoxgroup.com (http://www.hiscoxgroup.com) .

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