November 06, 2024
Lancashire Re quarterly trading update
Key Insights
- Lancashire Holdings Limited gross written premiums up 9% year-on-year to US$1.7 bn
- Renewal premium index +1% for reinsurance and +2% for insurance
- Special dividend of US$0.75 per share
- Estimated 2024 net losses of US$110 m–US$140 m
- US$3.2 bn investment portfolio returning 5% to date
Lancashire Holdings Limited published a trading update as at 30 September.
Key highlights (in our view) as follows:-
- gross written premium +9% year on year to US$1.7bn
- renewal premium index of +1% for reinsurance and +2% for insurance
- special dividend of 75c per share
- estimated net losses of 2024 contained at US$110m to US$140m
- investment portfolio of US$3.2bn returning 5% to date
A full copy of the Trading Statement and Investors presentation available here