London · Delayed Price · Currency is GBP · Price in GBX Lancashire Holdings Earnings Call Transcripts
Fiscal Year 2026
-
Premiums and insurance revenue grew 2.1% year-over-year, with a benign loss environment and positive investment returns. High teens ROE guidance for 2026 is reaffirmed, supported by disciplined underwriting, stable top line, and strong capital management.
Fiscal Year 2025
-
Resilient 2025 results with a 93.1% combined ratio, 7% investment return, and nearly 21% ROE, despite major catastrophe losses. Capital position remains strong, supporting high shareholder returns and a positive outlook for 2026 with high teens ROE expected.
-
Gross premiums and insurance revenue grew over 7% year-on-year, supported by disciplined underwriting and strong investment returns. A special dividend was declared, and the buyout of Syndicate 2010 enhances future earnings. Margins remain healthy despite expected rate softening in 2026.
-
Record Q2 profitability and strong H1 results led to upgraded ROE guidance in the high teens for 2025, despite significant catastrophe losses. Capital position remains robust, with disciplined growth and selective expansion across segments, while market conditions stay favorable.
-
Premiums grew 8.7% year-over-year in Q1, driven by strong reinsurance and U.S. platform expansion. Guidance for low single-digit premium growth and mid-teens ROE is maintained, with a robust capital position and stable underwriting outlook.
Fiscal Year 2024
-
Delivered a 23.4% ROE and 11% premium growth in 2024, with strong underwriting and capital returns despite high catastrophe losses. 2025 guidance targets mid-teens ROE, low single-digit premium growth, and continued capital strength, supported by robust reinsurance protection.
-
Strong nine-month results with 16.8% revenue growth and a $0.75 special dividend, despite $110M–$140M in catastrophe losses. Guidance remains at the top end for combined ratio and ROE, with continued growth and robust capitalization expected into 2025.
-
Delivered record H1 results with 14% ROE and 26% profit growth, driven by strong underwriting and investments. Affirmed full-year guidance for a mid-80s combined ratio and 20% ROE, with continued growth in US E&S and specialty lines. Maintains robust capital and expects higher H2 catastrophe exposure.