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Daily Insurance Industry News
Tuesday 22nd of May 2018
July 30, 2012

Hiscox reports good H1 results

by Richard Kilner

Story link: Hiscox reports good H1 results

Hiscox has reported its interim results for the six months ended 30 June 2012, including pre-tax profits of £125.8m.

This marks a welcome return to the black after the firm incurred a pre-tax loss of £85.6m in the first half of 2011, when the world saw an unprecedented level of natural disasters.

Biannual gross written premiums rose from £847.5m to £906.4m, and net premiums earned increased slightly from £554.7m to £567.8m.

Chairman Robert Hiscox said that the first half of 2012 had been very good, not only because of the absence of major catastrophes but also due to growth in the right areas.

Chairman Hiscox added that he was enjoying his final year with his hand on the firm’s tiller, as Robert Childs is due to succeed him as chairman.

Senior Independent Director Richard Gillingwater described Childs as an outstanding candidate to be the firm’s next chairman.

 

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