Hiscox Ltd
HSX
ISIN BMG4593F1389 / Valor 27373019
Hiscox Ltd
UMushroom community rating:
About company
Hiscox Ltd is a diversified international insurance group with a strong brand and solid financial position. Headquartered in Bermuda and listed on the London Stock Exchange, the company operates in 14 countries with 32 offices and employs over 3,000 staff. With a focus on specialty insurance products, Hiscox Ltd has established itself as a key player in the insurance industry, offering a wide range of coverage options to clients worldwide.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Income Growth
Hiscox Ltd reported a 7.1% increase in profit before tax for the first half of 2024, reaching $283.5 million compared to $264.8 million in the same period of 2023. This growth reflects the company's strong performance across its various business segments.
Revenue Increase
For the first half of 2024, Hiscox Ltd's insurance contract written premium rose by 3.3% year-on-year, amounting to $2,812.9 million, up from $2,723.3 million in the first half of 2023. This increase demonstrates the company's ability to grow its premium base despite challenging market conditions.
Investment Performance
Hiscox Ltd achieved a significant improvement in its investment result, which increased by 25.1% to $152.4 million in H1 2024, compared to $121.8 million in H1 2023. This was driven by higher bond yields and effective investment strategies.
Dividend Announcement
Hiscox Ltd declared an interim dividend of 13.2 cents per share for the first half of 2024, representing a 5.6% increase from the 12.5 cents per share paid in the first half of 2023. This reflects the company's commitment to returning value to its shareholders.
Outlook
Hiscox Ltd remains optimistic about its future prospects, with a focus on sustainable growth and profitability. The company continues to invest in technology and data analytics to enhance its competitive advantage and drive further improvements in underwriting performance.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4689 M
Market cap (USD)
376,969
Daily traded volume (Shares)
10.92 / 10.8
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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