An update from Hiscox ( (GB:HSX) ) is now available.
Hiscox Ltd has announced a share repurchase program to buy back ordinary shares worth up to $175 million, with an initial tranche of $87.5 million to be completed by the end of the third quarter of 2025. This move aims to return additional capital to shareholders and reduce the company’s share capital. The program reflects Hiscox’s strong financial performance, marked by record profits and growth in its retail and big-ticket portfolios, which supports substantial capital generation and 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 across 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. The company employs over 3,000 people in 13 countries and focuses on building a balance between catastrophe-exposed and less volatile specialty business for profitable growth.
YTD Price Performance: -1.20%
Average Trading Volume: 1,480
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.59B
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