Hiscox (OTC) (GB:HSX) has released an update.
Hiscox Ltd has reported strong performance in the first quarter of 2024 with an 8.3% increase in gross written premiums, driven by robust growth in Retail and Re & ILS segments, despite a temporary contraction in the London Market. The company also highlighted a share buyback program, repurchasing 4.7 million shares for about $71.4 million, and an investment income of $66.9 million. CEO Aki Hussain expressed a positive outlook for the year, citing momentum in Retail and capital deployment in London Market and Re & ILS as key growth drivers.
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