Operational highlights
For the year ended 31 December 2024
- Insurance contract written premium (ICWP) grew by 3.7% or $168.7 million to $4,766.9 million (2023: $4,598.2 million), driven by Retail premium growth of $147.3 million.
- Disciplined underwriting in an active loss environment resulted in an undiscounted combined ratio of 89.2% (2023: 89.8%).
- Solid investment result of $383.9 million (2023: $384.4 million).
- Record profit before tax of $685.4 million, up 9.5% year-on-year, and ROE of 19.8% (2023: 21.8%2).
- Step-up in final dividend per share of 19.6%, with a full year increase of 14.9% in dividend per share, as well as a new special capital return of $175 million in the form of a buyback.
- Hiscox to hold a capital markets day on 22 May 2025.
Aki Hussain, Group Chief Executive Officer, Hiscox Ltd, commented:
“The Group has delivered another set of excellent results and a second consecutive year of record profits. Our Retail business continues to build broad-based growth and earnings momentum, and our big-ticket portfolio has again delivered an outstanding performance, leading to a strong return on equity in an active loss year. This earnings momentum underpins substantial capital generation, creating the flexibility to pursue multiple growth opportunities and return 10%* of equity to shareholders through a combination of a 20% step-up in the final dividend per share and a $175 million share buyback. This demonstrates both the power of – and confidence in – the outlook for our diversified business. I would like to thank all of my Hiscox colleagues for their dedication in delivering another strong year.”
*Total estimated cost of returns (interim dividend, final dividend and $175 million buyback) as a percentage of opening adjusted equity.
Find out more about our performance over the last five years
