Hiscox returns to profit in H1 2021
Provider also records rise in GWP and an improved COR of 93.1%.
Hiscox has reported a profit before tax of $133.4m for the first half of 2021, compared to a pre-tax loss of $138.9m in H1 2020.
Gross written premium also increased to $2.4bn (H1 2020: $2.2bn), while the provider’s combined operating ratio improved to 93.1% (H1 2020: 114.6%).
UK
Hiscox further saw a 13.2% increase in GWP in the UK to $411.2m (H1 2020: $363.3m). The provider detailed that its broker commercial business had performed well with “a number of large schemes launched in the first
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop