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Prices & Quotes - UK Markets - Lancashire Holdings Limited (LRE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 710.50p
Change Today:
5.00p
Market Cap:
1,733.69m
Sector:
Insurance (non-life)

Lancashire Holdings posts full-year profit, beats expectations

By Michele Maatouk

Date: Wednesday 10 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Lancashire Holdings posted a slump in full-year profit on Wednesday, but the results were ahead of expectations for a loss as the insurer's investment portfolio recovered.
In the year to the end of December 2020, pre-tax profit fell to $5.9m from $119.5m the year before, but this was better than analysts' expectations for a loss of $31.4m.

Gross premiums written increased by 15.2% on the year to $814.1m, in line with consensus expectations of around $812m. Meanwhile, the combined ratio - which measures an insurer's profitability - came in at 107.8% compared to 80.9% the year before, including the impact of the Covid-19 pandemic. A ratio above 100% means the insurer is paying out more money in claims than it is getting from premiums.

Lancashire said its investment portfolio contributed significantly to profitability, generating returns of 3.9% for the year.

Chief financial officer Natalie Kershaw said: "We are pleased to have navigated 2020 relatively unscathed given the number of catastrophe and risk losses incurred in addition to the financial impacts of Covid-19.

"In such a difficult year we consider making an overall profit after tax of $4.2m and comprehensive income of $24.3m a very positive result."

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LRE Market Data

Currency UK Pounds
Price 710.50p
Change Today 5.00p
52 Week High 850.00p
52 Week Low 601.50p
Volume 251,422
Shares Issued 244.01m
Market Cap 1,733.69m
Beta 0.01

Performance Indicators

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What The Brokers Say

Strong Buy 10
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LRE Dividends

  Latest Previous
  Final Interim
Ex-Div 06-May-21 13-Aug-20
Paid 04-Jun-21 11-Sep-20
Amount 10.00¢ 5.00¢

Trades for 07-May-2021

Time Volume / Share Price
16:35 827 @ 710.50p
16:35 87,092 @ 710.50p
16:29 1 @ 709.00p
16:29 2 @ 709.00p
16:29 4 @ 709.00p

LRE Key Personnel

CEO Alex Maloney
CFO Natalie Kershaw