HCXLF Stock Recent News

Hiscox Limited saw its shares advance 4.6% today after reporting a 9.3% rise in group gross premiums to $3,680.2mln for the nine months to 30 September as strong rate momentum continued across all business segments. The international specialist insurer said Hiscox retail gross premiums increased 7.9% to $1,768.0mln driven by excellent growth in Europe, a resilient performance in the UK and improved US growth from the levels seen at the half year, as the US broker business returned to growth in the third quarter.

Hiscox Ltd (OTC:HCXLF) Q2 2022 Earnings Conference Call August 3, 2022 5:00 AM ET Company Participants Aki Hussain - Group CEO & Executive Director Joanne Musselle - Group Chief Underwriting Officer & Executive Director Paul Cooper - Group CFO & Executive Director Conference Call Participants Andreas van Embden - Peel Hunt Darius Satkauskas - KBW Andrew Ritchie - Autonomous Research Ivan Bokhmat - Barclays Bank Tryfonas Spyrou - Berenberg Iain Pearce - Crédit Suisse Faizan Lakhani - HSBC Nicholas Johnson - Numis Securities Limited Ashik Musaddi - Morgan Stanley Freya Kong - Bank of America Merrill Lynch William Hardcastle - UBS Aki Hussain Good morning, everyone, and it's great to see you all here. I'm sure you've all seen the presentation materials we released earlier this morning, so I'm going to keep my introduction to the Q&A quite short, so we can maximize the amount of time we have to answer any questions.

Hiscox Ltd (LSE:HSX) shares slumped 9% in early trading after the specialist insurance provider posted a pre-tax loss in its half-year results but some analysts said the result was not as bad as many were seeing. The loss of £88mln was a big swing from a profit of £111mln for the same period 12 months prior.

Hiscox saw its shares tumble 8.3% in early trading after the Lloyd's of London insurer posted a pre-tax loss of US$107mln in the first half of the year hit by a decline in the value of its investment portfolio. The group reported an investment loss of US$214mln against a profit of US$62mlm in the first half of 2021 due to interest rates rising sharply, credit spreads widening and equity markets selling off.

LONDON (Reuters) -Hiscox is committed to a planned insurance consortium providing cover for ships travelling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd's of London insurer shares plunged on a first-half loss.