Hiscox toasts another record year
Hiscox today reported gross written premiums of £1.19bn (2006: £1.12bn) for 2007. It added its profit before tax was £237.2m (2006: £201.1m) on net earned premiums of £965.2m (2006: £888.8m). The group combined ratio improved to 84.4% (2006: 89.1%).
Broken down Hiscox Global Markets recorded profits of £155.6m (2006: £90.7m); Hiscox UK and Hiscox Europe growth of 13.7% to £302.3m (2006: £265.8m) with profits of £21.8m (2006: £33.1m) despite the
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