Hiscox (OTC) ( (HCXLF) ) has released its Q2 earnings. Here is a breakdown of the information Hiscox (OTC) presented to its investors.
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Hiscox Ltd is a global specialist insurer headquartered in Bermuda, operating in the insurance sector with a focus on providing a diverse range of insurance products across various markets. The company is known for its balance between catastrophe-exposed and less volatile specialty business, aiming for profitable growth throughout the insurance cycle.
In its latest interim results for the first half of 2025, Hiscox Ltd reported broad-based growth and strong profitability, with an increase in insurance contract written premium by 5.7% to $2,941.6 million. The company also saw a solid investment result of $234.9 million, reflecting higher coupons and fair value gains. Despite a slight decrease in profit before tax to $276.6 million from $283.5 million in the previous year, the interim dividend per share increased by 9.1% to 14.4 cents.
Key financial metrics highlighted include a net insurance contract written premium of $2,125.2 million, an adjusted operating profit before tax of $262.0 million, and an operating return on tangible equity of 14.5%. The company also announced an increase in its ongoing share buyback by $100 million to $275 million, showcasing strong capital management and organic capital generation. Hiscox’s diverse business segments, including Retail, London Market, and Re & ILS, contributed to the growth, with Retail being the largest contributor.
Looking ahead, Hiscox management remains optimistic about the company’s growth prospects, particularly in the Retail segment, where they expect to achieve growth in excess of 6% for the year. The company plans to continue investing in technology and expanding its market presence, while maintaining a strong balance sheet to support future opportunities. The management also anticipates a 20% increase in the final 2025 dividend per share, reflecting confidence in their strategic direction.