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Feb 15, 2018

Lancashire Holdings Ltd Q4 2017 Results

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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%