Hiscox confirm another record year in results
Financial highlights Record pre-tax profits up 18% to £237.2m (2006: £201.1m) Gross written premiums up 6.5% to £1,198.9m (2006: £1,126.2m) Group combined ratio improves to 84.4% (2006: 89.1%) Earnings per share on profit after tax up 16.1% to 48.4p (2006: 41.7p) Final dividend 8p per share (2006: 7p) making 12p for the full year, an increase of 20% (2006: 10p) Return on equity 28.8% (2006: 28.9%) Active capital management
Overview
Gross written premiums £1,198.9m (2007) £1,126.2m (2006) Net earned premiums £965.2m (2007) £888.8m )2006) Profit before tax £237.2m (2007) £201.1m (2006) Earnings per share 48.4p (2007) 41.7p (2006) Total dividend per share for year 12.0p (2007) 10.0p (2006) Net asset value per share 209.5p (2007) 173.2p (2006) Group combined ratio 84.4% (2007) 89.1% (2006) Return on equity 28.8% (2007) 28.9% (2006)Operational highlights
Excellent year for Hiscox Global Markets – profits increased toOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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