An announcement from Hiscox ( (GB:HSX) ) is now available.
Hiscox Ltd announced the final results for Syndicate 33’s 2022 account and Syndicate 6104’s 2022 and 2020 accounts, along with estimates for 2023 and 2024. The 2024 estimates consider preliminary losses from the Los Angeles wildfires in early 2025. The results show a strong performance for Syndicate 6104’s 2020 account, with a 47% closing result, while Syndicate 33’s 2022 account closed at 12.5%. The estimates for 2023 and 2024 indicate potential growth, with Syndicate 33’s 2023 estimate ranging from 10.4% to 20.4%. These results and estimates reflect Hiscox’s strategic focus on balancing risk and opportunity in its insurance offerings.
More about Hiscox
Hiscox Ltd is a global specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. The company offers a diverse portfolio of insurance products, balancing catastrophe-exposed business with less volatile specialty business, aiming for profitable growth. Hiscox operates in 14 countries, providing specialist insurance for professionals, businesses, and homeowners, with a focus on integrity and award-winning claims service.
YTD Price Performance: 7.85%
Average Trading Volume: 1,211
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.08B
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