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

HiscoxAnnouncement

12/08/2024 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240812:nRSL0679Aa&default-theme=true

RNS Number : 0679A  Hiscox Ltd  12 August 2024

 

 

Syndicates 33 and 6104 - results and estimates

 

Hamilton, Bermuda (12 August 2024) - Hiscox Ltd (LSE: HSX), the international
specialist insurer, announces the current estimates for Syndicate 33's 2022
and 2023 accounts, and Syndicate 6104's 2020, 2022 and 2023 accounts.

 

 

The estimates for 2020 (Syndicate 6104 only), 2022 and 2023 expressed as a
percentage of capacity, are as follows:

 

 Syndicate  Year of account  Current estimate             Previous estimate  Capacity  Hiscox share
 33         2022             6.4% to 16.4%                4.8% to 14.8%      £1,699m   73%
 33         2023             7.9% to 17.9%                7.8% to 17.8%      £1,699m   73%
 6104       2020             26.3% to 36.3%               22.8% to 32.8%     £44m      0%
 6104       2022                    19.7% to 29.7%        11.9% to 21.9%     £13m      0%
 6104       2023             22.0% to 32.0%               19.8% to 29.8%     £19m      0%

 

 

ENDS

 

 

For further information:

Hiscox Ltd

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

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

Media

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) .

.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  SYRGRGDIBSBDGSD