Daily Insurance Industry News
Daily Insurance Industry News
Thursday 13th of December 2018
March 9, 2009

Hiscox announces 2008 results

by Richard Kilner

Story link: Hiscox announces 2008 results

Specialist insurer Hiscox has posted its financial results for 2008.

The firm saw a marginal drop in gross premiums written, down from £1,198.9m to £1,147.4m.

Its pre-tax profits fell by more than half, recording £105.2m profit compared to the 2007 figure of £237.2m.

However its total dividend for the year rose slightly from 12p to 12.75p, and its net asset value per share increased from 209.5p to 258.1p.

Robert Hiscox, the firm’s chairman, has described the results as robust given the very difficult financial conditions that prevailed particularly during the fourth quarter of last year.

Hiscox announces its results a few weeks after Charles Dupplin, subject to approval, was moved from his present role as M&A director to serve as chief executive of Hiscox Bermuda.


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