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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:
Down 504.00p
Change Today:
-9.00p
Market Cap:
1,226.80m
Sector:
Insurance (non-life)

Lancashire expecting losses from Hurricane Ida, storms of up to $185m

By Josh White

Date: Thursday 21 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Lancashire announced on Thursday that it has exposures to a number of recent natural catastrophe events, including hurricane Ida and the European storms Bernd, Volker and Xero.
The FTSE 250 insurer estimated those events would lead to total net ultimate losses of between $165m (119.59m) and $185m.

In addition, Lancashire had reported exposure to large loss events within its political violence portfolio related to the unrest in South Africa during July.

The aggregate estimated ultimate net losses for those events were expected to be around $40m.

Lancashire said its estimates were after expected recoveries from its outwards reinsurance programme, and the impact of outwards and inwards reinstatement premiums.

"Our thoughts are with those who have suffered as a result of the recent catastrophe and political violence events," said group chief executive officer Alex Maloney.

"For Lancashire, these loss estimates are within our expectations for these types of events and demonstrate the value of our products to our (re)insureds and other stakeholders."

Maloney said that looking ahead, the company was "strongly capitalised" to be able to take advantage of the improving market, both in the rest of this year and in order to achieve its "ambitious" underwriting plans for 2022.

"The rating environment continues to improve, premiums continue to grow, and we are well-positioned to achieve our strategic goals."

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LRE Market Data

Currency UK Pounds
Price 504.00p
Change Today -9.00p
52 Week High 763.00p
52 Week Low 494.80p
Volume 534,788
Shares Issued 243.41m
Market Cap 1,226.80m
Beta 0.93

Performance Indicators

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What The Brokers Say

Strong Buy 9
Buy 1
Neutral 6
Sell 0
Strong Sell 0
Total 16
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
  Interim Final
Ex-Div 05-Aug-21 06-May-21
Paid 03-Sep-21 04-Jun-21
Amount 5.00¢ 10.00¢

Trades for 26-Nov-2021

Time Volume / Share Price
16:35 82,042 @ 504.00p
16:29 650 @ 506.01p
16:28 1,432 @ 506.50p
16:28 1,216 @ 506.50p
16:28 1,010 @ 506.50p

LRE Key Personnel

CEO Alex Maloney
CFO Natalie Kershaw