Hiscox grows group GWP but profit slips
Group delivers an 85% COR.
Hiscox has revealed a 10.7% increase in gross written premiums to £1.94bn for the year ended 31 December 2015.
The rise came as the profit after tax dropped 3% to £209.9m (2014: £216.2m).
The provider achieved a combined operating ratio of 85% a slight deterioration on the 83.9% posted the year before.
Strategy
Bronek Masojada, chief executive of Hiscox, commented: "Our strategy continues to deliver good growth with our retail businesses contributing 50% of income.
"We have established profitable
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