Hiscox (HSX.L), on Thursday, reported FY24 profit of $627.2 million compared to $712.0 million last year. Profit before tax increased to $685.4 million from $625.9 million in fiscal 2023.
On a per share basis, earnings attributable to owners of the company totaled 178.1¢ compared to 201.5¢ earned a year ago.
Insurance revenue for the year 2024 amounted to $4.67 billion, higher than the previous year's $4.48 billion.
Insurance contract written premium or ICWP grew by 3.7% or $168.7 million to $4,766.9 million from the prior year's $4,598.2 million, driven by Retail premium growth of $147.3 million.
Aki Hussain, Group Chief Executive Officer, Hiscox Ltd, said, "The Group has delivered another set of excellent results and a second consecutive year of record profits. Our Retail business continues to build broad-based growth and earnings momentum, and our big-ticket portfolio has again delivered an outstanding performance, leading to a strong return on equity in an active loss year…"
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.