Hiscox ( (GB:HSX) ) just unveiled an announcement.
Hiscox Ltd reported record profits for the year ending December 31, 2024, with a profit before tax of $685.4 million, marking a 9.5% increase from the previous year. The company experienced a 3.7% growth in insurance contract written premium, driven by strong performance in its Retail business, and announced a 19.6% increase in the final dividend per share along with a $175 million share buyback. The results highlight Hiscox’s strategic focus on disciplined underwriting and capital allocation, reinforcing its market position and providing flexibility for future growth opportunities.
More about Hiscox
Hiscox is a global specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. The company offers a diverse portfolio of insurance products, balancing catastrophe-exposed business with less volatile specialty business, and operates in 13 countries with a focus on commercial and personal lines through its retail businesses in the USA, UK, Europe, and Asia. Hiscox also engages in internationally-traded, bigger-ticket business and reinsurance through Hiscox London Market and Hiscox Re & ILS.
YTD Price Performance: -1.20%
Average Trading Volume: 1,480
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.59B
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