UK's Lancashire falls after H1 profit miss

Lancashire Holdings

29/07/2026 08:40

** Shares of British insurer Lancashire Holdings LRE.L down about 5% at 631.5p
** Co reports H1 profit after tax of $141.7 million, 14% below consensus estimates
** "We have increased our reserve for the MV Dali Baltimore bridge loss to our full policy limits" - CEO Alex Maloney 
** Reserve releases were materially lower than we had anticipated and seem to be the main cause of the miss - JPMorgan research note
** YTD, LRE up about 5%

 (Reporting by Megha Anilkumar Nair in Bengaluru)
 ((MeghaAnilkumar.Nair@thomsonreuters.com;))