Financial reporting

Report and Accounts 2023

Find out more about our most recent results.

Report and Accounts 2023

Delivering on our strategic priorities.

Attachment	Size
Report and Accounts 2023 PDF	15.81 MB
XBRL (download raw XBRL files)	9.84 MB
Performance and purpose	1.08 MB
A closer look	2.24 MB
Governance	2.85 MB
Remuneration	879.71 KB
Shareholder information	91.26 KB
Financial summary	1.18 MB

Our business has delivered excellent results, with record profits of $625.9 million underpinned by a 36% improvement in the underwriting result and a record investment income. The Group combined ratio below 90% and ROE of 21.8%* have led to very strong capital generation, which we are deploying for further growth in addition to a special return to shareholders of $150 million.”

Aki Hussain
Group Chief Executive Officer

*Excludes impact of Bermuda DTA.

Attachment	Size
Chief Executive’s report	262.05 KB

Our distinctive mix of big-ticket and retail business means we are well positioned to generate sustainable and profitable growth through the cycle."

Paul Cooper
Group Chief Financial Officer

Attachment	Size
At a glance	96.56 KB
Our strategy and how we create value	59.03 KB

The underwriting environment in 2023 and into 2024 is attractive yet complex, requiring balance between capturing the opportunity and retaining discipline, so we continue to focus on technical excellence, disciplined profitable growth, managing volatility, and technology as a competitive advantage."

Joanne Musselle
Group Chief Underwriting Officer

Attachment	Size
Business priorities for 2024	102.43 KB

The people behind the policy:
Hiscox community portrait

During 2023, we embarked on an exciting engagement programme across the Group.
Everyone at Hiscox has a key role to play, and working with globally renowned artist, Tim Mann, we’ve been busy capturing that sense of community in a piece of art.

► Watch 'the making of the Hiscox community portrait' video

Attachment	Size
Read about the Hiscox community portrait	1.95 MB

Driving force

Aki Hussain
Group Chief Executive Officer

Attachment	Size
Download Q&A	375.21 KB

In the chair

Jonathan Bloomer
Chair

Attachment	Size
Download Q&A	429.88 KB

Market force

Kate Markham
Chief Executive Officer, Hiscox London Market

Attachment	Size
Download Q&A	602.01 KB

Claim to fame

Steve Parry
Group Claims Director

Attachment	Size
Download Q&A	1.5 MB

Retro perspective

Lisa Waters
Head of Retro, Hiscox Re & ILS

Attachment	Size
Download Q&A	805.43 KB

On brand

Fiona Mayo
Chief Marketing Officer, Hiscox UK

Attachment	Size
Download Q&A	401.38 KB

Express delivery

Sarah Bourdeau
Head of Distribution, Hiscox USA

Attachment	Size
Download Q&A	513.78 KB

Spanish lessons

David Heras
Managing Director, Hiscox Spain

Attachment	Size
Download Q&A	1.62 MB

We operate within a complex and rapidly evolving risk landscape, and actively manage risk through our embedded policies, processes and practices Group-wide."

Fabrice Brossart
Group Chief Risk Officer

Attachment	Size
Key risks	117.49 KB
Risk management	157.12 KB

My passion is people and creating a framework that allows everyone to succeed and flourish, which to me is part of our sustainability narrative."

Nicola Grant
Chief People Officer and Sustainability Steering Committee member

Attachment	Size
Sustainability	165.72 KB
Task Force on Climate-related Financial Disclosures (TCFD)	454.76 KB

It’s really important for us to be able to attract, develop and retain the very best talent, and that means creating a culture where talented people with different perspectives and experiences can thrive."

Kate Markham
Chief Executive Officer, Hiscox London Market and DEI Executive Sponsor