Aug 10, 2023
Lancashire group 30 June results and trading statement


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.