Hiscox reports 6.5% pre-tax profit fall as GWP rises
Hiscox’s pre-tax profit dropped by £14.9m to £216.1m in 2015 as the company reported increased gross written premiums of £1.94bn (2014: £1.75bn).
The insurer's combined operating ratio deteriorated from 83.9% in 2014 to 85% in 2015.
GWP for Hiscox's retail sector increased to £975m (2014: £891m), the London market division rose to £585m (2014:
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