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Hiscox (GB:HSX)
LSE:HSX
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
65.42Last Year’s EPS
57.2Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -6.43%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance by Hiscox with record profits, growth across the retail segment, and significant capital returns to shareholders. Despite facing challenges from the California wildfires and increased operating expenses, the company remains confident in its growth trajectory and market positioning.Company Guidance
In the call, Hiscox provided robust guidance and detailed performance metrics for the fiscal year 2024, showcasing a strong financial position and strategic growth initiatives. The company reported a record profit of $685 million, with a significant return on equity of 19.8%. Revenue increased by $170 million, primarily driven by the retail segment, which contributed $150 million. The group achieved an undiscounted combined ratio of 89.2%, reflecting effective cycle management despite an active loss year. Hiscox announced a 20% increase in the final dividend, leading to a full-year EPS rise of 15%, and a $175 million share buyback, returning 10% of equity to shareholders. U.K. and European business segments experienced accelerated growth, with new partnerships in Spain and double-digit growth in the U.S. direct-to-consumer business. The company expanded its distribution network, adding 17 new partners in the U.S. DPD and focusing on technological advancements to enhance underwriting efficiency. Hiscox's London market business maintained a strong performance, achieving an undiscounted combined ratio in the 80% range for the fifth consecutive year, while the Re & ILS segment saw net premiums increase by 11%, with a combined ratio of 69%. The company generated a record fee income of $128 million and completed a favorable January renewal season. Looking ahead to 2025, Hiscox expects retail growth to exceed 6%, with continued favorable conditions in the London market property segment and incremental capital deployment in Re & ILS.Record Profits and Revenue Growth
Hiscox reported record profits at $685 million for the second consecutive year, with a return on equity of 19.8%. Revenue increased by around $170 million, driven by the retail business.
Strong Performance in Retail Business
The retail business achieved a profit of approximately $300 million, with growth driven by management actions in the U.K., Europe, and the U.S. direct-to-consumer business showing double-digit growth.
Improved Combined Ratios
The group achieved an undiscounted combined ratio of 89.2% in an active loss year, demonstrating effective cycle management, with the London Market business maintaining a combined ratio in the 80% range for the fifth consecutive year.
Significant Capital Returns
Hiscox announced a 20% increase in the final dividend, a full year EPS increase of 15%, and a special return of capital of $175 million through a share buyback.
Investment Gains
The group achieved an investment return of $384 million, with the NAV per share growing by 14% year-on-year.
Positive Outlook and Growth Plans
The company plans to continue growth in retail and expects London Market to return to growth in 2025, with Re & ILS deploying incremental capital into attractive market conditions.
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GB:HSX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:HSX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | 1119.00p | 1169.00p | +4.47% |
| Aug 07, 2024 | 1159.01p | 1138.19p | -1.80% |
| Mar 05, 2024 | 1093.49p | 1152.02p | +5.35% |
| Aug 09, 2023 | 1075.21p | 1010.49p | -6.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hiscox (GB:HSX) report earnings?
Hiscox (GB:HSX) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Hiscox (GB:HSX) earnings time?
Hiscox (GB:HSX) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Hiscox stock?
The P/E ratio of Hiscox is N/A.
What is GB:HSX EPS forecast?
GB:HSX EPS forecast for the fiscal quarter 2025 (Q2) is 65.42.
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