Hiscox expects to exceed profit forecast
Hiscox today said it believes that the group's half-year results will be materially ahead of expectations due to strong trading, benign claims activity, an improved investment performance, and the effect of reporting under International Financial Reporting Standards.
In a statement it added: “It is anticipated that pre-tax profit for the group for the first half of 2005 will exceed £80m. Reflecting our strong trading performance and cash generation, the BoardOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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