The Lancashire group released its earnings and trading update today.
The full press release is available here as well as slides.
Gross premiums of US$1,184m compared to US$938m last year at the same time.
The profit after tax was US$159.2m compared to last year's US$31m.
Growth was driven by the following:-
• Growth primarily driven by the continued build out of casualty reinsurance lines.
• Strong new business growth in specialty reinsurance.
• Significant rate increases in property reinsurance.
Lancashire's renewal premium index for the reinsurance segment stands at 123% up from 107%.
Losses in the first half of the year were immaterial at US$50m and the investments made returns of US$63m.