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Hiscox profits rebounded strongly as the insurer took full advantage of what it said were some of the “best market conditions in over a decade” in reinsurance. Substantial premium increases were pushed through due to this ‘hard market' with insurance tough to get and all three divisions saw strong growth and earnings, the FTSE 100 group said, with its London-market businesses growing again.

Hiscox Ltd (OTC:HCXLF) Q4 2022 Earnings Conference Call March 8, 2023 5:00 AM ET Company Participants Robert Childs - Non Executive Chairman Paul Cooper - Group Chief Financial Officer Jon Dye - Chief Executive Officer, Hiscox UK Stéphane Flaquet - Group Chief Operations and Technology Officer Nicola Grant - Group Chief HR Officer Joanne Musselle - Group Chief Underwriting Officer Aki Hussain - Group Chief Executive Officer Conference Call Participants William Hardcastle - UBS Andrew Ritchie - Autonomous Kamran Hossain - JPMorgan Andreas van Embden - Peel Hunt Ivan Bokhmat - Barclays Faizan Lakhani - HSBC Darius Satkauskas - KBW Freya Kong - Bank of America Derald Goh - RBC Robert Childs Good morning. Very nice to see you all, particularly with a number of announcements out this morning.

Hiscox Ltd (LSE:HSX) has reported slump in its full-year profits, dented by hefty losses in its investment portfolio due to market volatility, though, on the plus-side, higher premium rates helped the Lloyd's of London insurer generate its strongest underwriting profit in seven years. The company, which underwrites a range of risks, including for fine art, vintage cars, kidnap and ransom, recorded an investment loss of $187.3mln in 2022, versus a profit of $51.2mln last year.

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.