February 15, 2018
Lancashire Holdings Ltd Q4 2017 Results
Lancashire Holdings Limited has today announced its results for the fourth quarter of 2017 and the year ended 31 December 2017.
Financial highlights:
| Three months ended | Twelve months ended | |||
| Highlights ($m) | 31-Dec-17 | 31-Dec-16 | 31-Dec-17 | 31-Dec-16 |
| Gross premiums written | 67.4 | 95.1 | 591.6 | 633.9 |
| Net premiums written | 52.1 | 88.1 | 398 | 458.7 |
| (Loss) Profit before tax | -3.2 | 50.9 | -72.9 | 150.4 |
| (Loss) Profit after tax1 | -5.4 | 51.1 | -71.1 | 153.8 |
| Comprehensive (loss) income1 | -9.1 | 34.6 | -66.2 | 157.9 |
| Net operating (loss) profit1 | -3.1 | 45.9 | -86 | 144 |
| Net loss ratio | 75.50% | 32.60% | 78.40% | 29.20% |
| Combined ratio | 119.50% | 79.00% | 124.90% | 76.50% |