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HCXLF / Hiscox sees full-year profits dented by hefty investment losses, but underwriting strong; new chairman sought

Hiscox sees full-year profits dented by hefty investment losses, but underwriting strong; new chairman sought
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. Read More
Posted: Mar 8 2023, 03:43
Author Name: Proactive Investors
Views: 112249

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