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Hiscox Ltd Posts Pretax Loss In FY - Quick Facts

Hiscox Ltd (HSX.L) reported a loss before tax of $268.5 million for the year ended 31 December 2020 compared to profit of $53.1 million, prior year. Loss per share, in cents, was 90.6 compared to profit of 16.9.

Fiscal year gross premiums written was $4.03 billion, flat with last year. Net premiums earned increased to $2.75 billion from $2.64 billion.

Bronek Masojada, CEO, Hiscox, said: "Our long-held strategy of balancing big-ticket lines and retail earnings has provided resilience in 2020. In 2021, our priorities will switch from resilience to opportunity as we are well-placed to make the most of the best conditions in the London Market in many years and the structural shift to digital across all our lines."

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