On 7 August 2024, Lancashire Holdings Limited's Board of Directors declared an interim dividend of $0.075 (approximately £0.06) per common share, which will result in an aggregate payment of approximately $18 million. The dividend will be paid in Pounds Sterling on 13 September 2024 (the “Dividend Payment Date”) to shareholders of record on 16 August 2024 (the “Record Date”) using the £ / $ spot market exchange rate at 12 noon London time on the Record Date.
Other financial highlights include:
• Profit after tax of $200.8 million resulting in a change in DBVS of 14.0%.
• Gross premiums written increased 8.3% year-on-year to $1,282.2 million. Insurance revenue increased 18.5% year-on-year to $854.1 million.
• Insurance service result of $222.8 million, discounted combined ratio of 73.0%, undiscounted combined ratio of 82.2%.
• Total investment return of 2.3%, including unrealised gains and losses.
