Hiscox (OTC) ( (HCXLF) ) has released its Q4 earnings. Here is a breakdown of the information Hiscox (OTC) presented to its investors.
Hiscox Ltd, a global specialist insurer headquartered in Bermuda, operates in the insurance and reinsurance sectors, offering a diverse portfolio of products across various regions. The company is known for its focus on specialist insurance products and its strong market presence in both retail and big-ticket insurance markets.
Hiscox Ltd reported record profits for the year ending December 31, 2024, with significant growth in its retail segment and a notable increase in capital returns. The company’s disciplined underwriting and strategic investments have resulted in a profit before tax of $685.4 million, marking a 9.5% increase from the previous year.
Key financial highlights include a 3.7% increase in insurance contract written premiums to $4,766.9 million, a solid investment result of $383.9 million, and a return on equity of 19.8%. The company also announced a 14.9% increase in total dividends per share and a $175 million share buyback, reflecting its strong capital generation and commitment to shareholder returns.
Looking ahead, Hiscox Ltd remains optimistic about its growth prospects, with plans to continue investing in its retail business and exploring new opportunities in the big-ticket segment. The company aims to maintain its underwriting discipline while leveraging its diversified business model to capture further growth opportunities in the insurance market.