Hiscox posts "solid" UK performance as profits remain flat
Insurer saw overall gross written premium edge up by 8% as its COR improved to 83%.
Hiscox has described its 2013 UK performance as "solid" as it posted a flat pre-tax profit of £45.4m.
The insurer saw group gross written premium edge up by 8% to £1.7bn [2012: £1.6bn] and pre-tax profit rise to £244.5m [2012: £217.5m].
Its group combined operating ratio (COR) also improved slightly from 85.5% to 83% and net premiums earned rose to £1.3bn [2012: £1.2bn].
Meanwhile, Hiscox London Market saw profit slip to £166m [2012: £121.9m] while Hiscox Europe delivered "record" profits of £10
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