Lancashire Holdings (GB:LRE) has released an update.
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Lancashire Holdings reported a robust opening to 2024 with a 7.8% increase in gross premiums to $631.7 million and a 24.6% surge in insurance revenue to $422 million, signaling strong year-on-year growth. The company’s new U.S. operation has started underwriting, contributing to its positive performance, and despite the Baltimore bridge incident, the expected exposure aligns with company forecasts. Lancashire reaffirms its financial guidance for the year, highlighting a solid balance sheet and a focus on profitable growth.
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