Hiscox sees £130m drop in profits

Despite this, dividends increased by 6.25% to 12.75p (2007: 12.0p) in what the chairman, Robert Hiscox described as a "robust performance". He also claimed that as rates in the insurer's chosen markets were increasing, conditions were good for the growth of a profitable business.

Hiscox UK saw a near £10m increase in pre-tax profit from £17.2m last year to £28.9m. The combined ration also improved, now sitting at 85% (98.8%: 2007). However, where the insurer saw nearly £16m in return on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: