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Hiscox (LSE:HSX) Allowance For Loans And Lease Losses


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What is Hiscox Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Hiscox (LSE:HSX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hiscox Ltd (LSE:HSX) » Definitions » Allowance For Loans And Lease Losses
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Address
96 Pitts Bay Road, Chesney House, Pembroke, BMU, HM 08
Hiscox Ltd is a property and casualty insurance company that operates globally. The company works to build a balance between catastrophe-exposed business and less volatile local specialty businesses. It generates most of its revenue through reinsurance, local casualty, and commercial insurance lines. The company's risk management strategy involves a strong underwriting discipline, diversification, and sound capital management. Hiscox's retail operations comprise half of the overall gross written premiums.