Highlights

• Hiscox London Market focused on margin over growth reducing income by 13.6%, delivering profits of £121.4 million despite catastrophes. 
• Specialist retail businesses in the UK and Europe delivered good growth and doubled profits, again despite catastrophes.
• Rates still attractive in reinsurance and stable in other specialty lines.
• The first ‘direct from insurer’ small business offering in the US launched with promising early results.

Group overview graph

* Split estimated for these years