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Lancashire Holdings Ltd (LRE.L)

LRE.L on London Stock Exchange

691.50GBp
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Lancashire Holdings reports lower FY pretax profit
Thursday, 16 Feb 2017 02:00am EST 

Lancashire Holdings Ltd : Final results . Growth in fully converted book value per share, adjusted for dividends, of 2.8 pct in Q4 2016 and 13.5 pct in 2016 . Combined ratio of 79.0 pct in Q4 2016, 76.5 pct in 2016 . Final dividend 0.10 USD per share . Final ordinary dividend of $0.10 per common share . Fully converted book value per share of $5.98 as at 31 December 2016 . Quarterly gross premiums written 95.1 million USD versus 97.1 million USD year ago . Quaterly net premiums written 88.1 million USD versus 87.3 million USD year ago . Quarterly profit before tax 50.9 million USD versus 50.2 million USD year ago . ROE of 2.8 pct for quarter and 13.5 pct for year . Including our interim and special dividend for 2016, returned 113.3 pct of comprehensive income for year . 2016 year proved a turbulent one for global political and macroeconomic environment and insurance market remained very challenging - CEO . Outlook for 2017 is for a continuation of current market trends .Whilst we expect market conditions to remain difficult for foreseeable future... our strategy has ability to respond across insurance cycle - CEO.  Full Article

Lancashire names Andrew McKee as CEO of Cathedral Underwriting Ltd
Friday, 27 Jan 2017 02:13am EST 

Lancashire Holdings Ltd :Has today announced appointment of Andrew McKee as chief executive officer of Cathedral Underwriting Limited, with effect from 26 June 2017.  Full Article

Lancashire half-year pretax profit falls
Wednesday, 27 Jul 2016 02:54am EDT 

Lancashire Holdings Ltd : Profit before tax $56.6 million for half year . Interim dividend 0.05 usdper share . Combined ratio of 80.6 pct in Q2 2016, 76.2 pct year to date . Return on equity Q2 3.2 pct . Return on equity YTD 7.1 pct .Gross premiums written increased by 11.4 pct in Q2 of 2016 compared to same period in 2015.  Full Article

Lancashire Holdings Ltd declares interim dividend
Wednesday, 29 Jul 2015 02:02am EDT 

Lancashire Holdings Ltd:Declared an interim dividend of $0.05 per common share.Payable date Sept. 25.Record date August 28.  Full Article

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UPDATE 2-Lancashire says well placed to tackle challenging year ahead

Feb 16 Lancashire Holdings said on Thursday it was well placed to tackle a challenging year ahead, after the insurer reported better-than-expected 2016 profit despite a tough underwriting environment.