Hiscox Ltd

Latest Results (20.11.2025):

Hiscox Ltd — Q3 2025 (first nine months to 30 September 2025): the Group reported continued top‑line growth with insurance contract written premiums (ICWP) up 5.9% to $4,052.9m (5.3% in constant currency) as Retail momentum accelerated and all three segments expanded; investment result was $350.8m (4.2% YTD), the change programme is on track, and an upsized share buyback has repurchased 10.5m shares for $179.4m as at 5 November 2025.

Group premium growth

Total ICWP for the nine months to 30 Sept 2025 rose 5.9% to $4,052.9m (9M 2024: $3,825.9m), or 5.3% growth on a constant currency basis, reflecting diversified growth across Retail, London Market and Re & ILS.

Hiscox Retail

Hiscox Retail ICWP was $2,013.0m, up 7.3% in USD and 6.1% in constant currency versus 9M 2024; the business is on track to deliver Retail growth in excess of 6% for full‑year 2025, with new business growing in double digits and aggregate Retail rates +2% over the period.

Retail regional performance

Hiscox UK ICWP $714.0m (+8.0% cc) led Retail growth; Hiscox Europe $569.0m (+7.1% cc) with strong France and Germany performance; Hiscox USA $730.0m (+3.5% USD) saw US digital direct (DPD) grow 6.7% to $446.2m while US broker premiums fell 1.2% to $283.8m.

Hiscox London Market

London Market ICWP was $955.7m (+2.5%); management notes increased competition (notably in property) and a 4% rate reduction year‑to‑date, but the overall portfolio remains well‑rated with cumulative rate increases of 67% since 2018 and selective underwriting discipline in weaker classes.

Hiscox Re & ILS

Re & ILS ICWP rose 6.5% to $1,084.2m (net ICWP up 7.0% to $525.6m), as the business diversified specialty lines and increased third‑party capital; rates in the portfolio eased about 5% over the nine months amid competitive conditions.

Investment result and capital generation

Investment result was $350.8m, a 4.2% YTD return; management cites strong capital generation in Q3 supported by diversified earnings, underwriting performance and benign weather/large loss experience.

Share buyback & change programme

The upsized share buyback is progressing, with 10.5m shares repurchased for $179.4m (as at 5 Nov 2025), and the company reports its change programme is on track to support future productivity and growth.