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Lancashire Q3 2021 Trading Statement

November 17, 2021

Lancashire Q3 2021 Trading Statement

Lancashire has published its Q3 2021 Trading Statement:

  • Gross written premiums up 47% year on year to US$968m
  • Renewal Price Index at +110%
  • Net estimated claims of US$165m to US$185m from Hurricane Ida and European storm and floods as per earlier announcement available here
  • Estimated claims of US$40m from South African unrest*
  • Increased prior year development of US$69.6m (US$11.2m Q3 2020)

Please click here for the full announcement available on Lancashire's website.

The increase in written premium occurred mainly in the property and casualty reinsurance class of business, accounting for US$503m.

Aviation business had the highest renewal price increases at 112%.

A presentation to investors and analysis posted on to the Lancashire website is available here as a pdf.

*Background to the South African unrest is available from a news website here