Q3 results continued the trend with Retail the key GPW driver, helped by the ongoing interest in Kiskadee. Hiscox may have been late into the ILS market but has caught up fast. Higher FX gains and better investment yields continue to boost FY16 PBT and we upgrade again to £318.2m (+15%) The long term investment in Retail is evident, with more long term gains to come from the US. However, the switch in the earnings profile does have some implications for PBT/ROE and also dividends. A goo
11 Nov 2016
Retail driving growth
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Retail driving growth
Hiscox Ltd (HSX:LON) | 1,209 84.6 0.6% | Mkt Cap: 4,183m
- Published:
11 Nov 2016 -
Author:
Joanna Parsons -
Pages:
3
Q3 results continued the trend with Retail the key GPW driver, helped by the ongoing interest in Kiskadee. Hiscox may have been late into the ILS market but has caught up fast. Higher FX gains and better investment yields continue to boost FY16 PBT and we upgrade again to £318.2m (+15%) The long term investment in Retail is evident, with more long term gains to come from the US. However, the switch in the earnings profile does have some implications for PBT/ROE and also dividends. A goo