Hiscox Ltd (HCXLF) Q1 2025 Sales/Trading Statement Call Transcript

2025-05-02 12:19:51 ET

Hiscox Ltd (HCXLF)

Q1 2025 Sales/Trading Statement Call

May 1, 2025 3:00 AM ET

Company Participants

Paul Cooper – Chief Financial Officer

Conference Call Participants

Will Hardcastle – UBS

Kamran Hossain – JPMorgan

Andreas van Embden – Peel Hunt

James Shuck – Citi

Faizan Lakhani – HSBC

Darius Satkauskas – KBW

Abid Hussain – Panmure Liberum

Vash Gosalia – Goldman Sachs

Presentation

Operator

Hello, everyone, and thank you for joining the Hiscox Q1 Trading Update. My name is Lucy, and I will be coordinating your call today. [Operator Instructions]

I will now hand over to your host, Paul Cooper, Group CFO, to begin. Please go ahead.

Paul Cooper

Thanks. Good morning, everyone, and welcome to the Hiscox Q1 2025 trading update. I'm Paul Cooper, the Hiscox Group CFO, and I'll be walking you through the usual topics that we cover at Q1, namely growth, claims and investments. After this, I will hand over to the call operator who will open the floor for Q&A.

So let's begin with growth. The group delivered ICWP of almost $1.6 billion, up 2.4% year-on-year. The improving multiyear growth trajectory in Retail continues, driven by good momentum in Europe and improving growth in the U.S. London Market has returned to growth, as previously guided, and Re & ILS has found attractive opportunities to grow net premiums at January renewals....

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