Full Year 2024 Hiscox Ltd Earnings Call Transcript

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Feb 27, 2025

Feb 27, 2025 / 10:30AM GMT
Hamayou Akbar Hussain - Hiscox Ltd - Group Chief Executive Officer, Executive Director

Good morning, everyone. It's nice to see you all and thank you for joining us here. 2024 has been another strong year of delivery from Hiscox. We're achieving broad-based growth and positive earnings momentum across the group. We've increased our revenues by around $170 million in the year, of which about $150 million has come from our retail business and the quality of this growth is reflected in the undiscounted combined ratio at 93.6% and retail profits of around $300 million.

Our effective cycle management in big ticket means we've been able to achieve an excellent undiscounted combined ratio of 81.6% in an active loss year. With each of our segments delivering strong results, our group for the second year in a row is reporting record profits at $685 million and an excellent return on equity of 19.8%. With the strength of our business performance and in particular, the accelerating momentum and improved confidence in the retail business, this creates the flexibility to pursue multiple growth opportunities

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