Hiscox (GB:HSX)
LSE:HSX
Earnings Data
Report Date
Aug 12, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.55Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a clearly positive performance and outlook: Hiscox reported record underwriting, investment and profit outcomes, strong organic premium growth (notably in Retail), robust capital generation (BSCR well above target), active product and distribution innovation and early, measurable benefits from the efficiency/change program. Key headwinds are a softening rate environment in big‑ticket markets, a higher effective tax rate and conservative reserving that lifts buffers. These lowlights are important but largely manageable given the company’s strong capital position, diversified portfolio and visible change program trajectory.Company Guidance
Record Financial Performance
Group delivered record results: undiscounted combined ratio of 87.8% (best in a decade), insurance service result of $614m, record investment result of $443m, and record profit before tax of $733m (up 6.9%). Operating RoTE ~21% materially above mid‑teens target and book value per share grew ~12%.
Premium Growth and Diversified Momentum
Group ICWP/premiums up $275m (~6% year‑over‑year). Retail grew ~6.3% (adding almost $200m), customer growth ~7.5% (not rate dependent) and now represents nearly half of group PBT (up from just over 40% in 2023). London Market returned to growth (ICWP +1.6%) and reinsurance net ICWP +7.9%, with reinsurance premium up ~180% since 2020.
Strong Capital Generation and Shareholder Returns
Outstanding capital generation: year‑end estimated BSCR 233% (pro forma ~211% after final dividend & $300m buyback). Board approved $300m share buyback, a 20% step‑up in the final dividend, and total capital returns of >$450m for 2025 and ~$1.1bn over the last 3 years.
Change Program Delivering Early Benefits
Change program delivered $29m P&L benefit in 2025 at a cost of $24m; on track to deliver $75m benefit in 2026 and targeted $200m by 2028. Actions include insourcing 100+ roles to Lisbon, decommissioning ~20% of applications and launching automation tools; underlying expenses rose only $6m despite inflation.
Reserve Releases and Conservative Reserving
Continued positive reserve development: released $293m (7.2% of opening reserves) in 2025 and all accident years ran below initial estimate. Risk margin / risk adjustment stands at $345m with an 86% confidence level, reflecting conservative positioning.
Investment & Asset Quality
Record investment performance underpinned by rising AUM; reinvestment yield modestly lower (reinvestment yield cited ~4%), fixed income portfolio quality high (average credit rating A), supporting earnings and RoTE going forward.
Innovation, Product Launches and AI Progress
Significant new product activity (more launches than past 5 years) and expansion of distribution. Global digital small‑commercial platform approaching $900m premium and ~900,000 customers with ~99% auto‑underwriting. Early deployment of generative AI/LLM use cases (AI agents in US contact centers, broker triage, AI‑augmented underwriting portals) to drive efficiency and growth.
Reinsurance Asset Management & Fee Income Growth
Fee income remained strong at ~$109m (third consecutive year above $100m); ILS AUM ~$1.5bn (as of 1 Jan 2026) with >$330m raised in the year and a healthy pipeline for 2026.
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
GB:HSX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | 1462.00 p | 1539.00 p | +5.27% |
Aug 06, 2025 | 1249.88 p | 1367.92 p | +9.44% |
Feb 27, 2025 | 1088.79 p | 1137.44 p | +4.47% |
Aug 07, 2024 | 1127.72 p | 1107.46 p | -1.80% |
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.
FAQ
When does Hiscox (GB:HSX) report earnings?
Hiscox (GB:HSX) is schdueled to report earning on Aug 12, 2026, TBA (Confirmed).
What is Hiscox (GB:HSX) earnings time?
Hiscox (GB:HSX) earnings time is at Aug 12, 2026, TBA (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 2026 (Q2) is 0.55.