FY2016 will be mixed with higher than first forecast PBT at Beazley, Hiscox and Helios but lower PBT at JLT, Lancashire and Novae. Lancashire’s Q3 special dividend (its key driver for now) beat consensus. Losses picked up but didn’t deliver the knockout blow needed. FX boosted returns, especially for the sterling reporters. 2017 will be more challenging and we remain cautious on a 12M view given the likely pressures from soft pricing, rising claims activity, unrealised bond losses
17 Jan 2017
Dodging the bullets
Hiscox Ltd (HSX:LON), 1,243 | Lancashire Holdings Limited (LRE:LON), 618 | Novae Group (NVA:LON), 0 | Helios Underwriting PLC (HUW:LON), 180 | Jardine Lloyd Thompson Group (JLT:LON), 0 | Beazley Plc (BEZ:LON), 668
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Dodging the bullets
Hiscox Ltd (HSX:LON), 1,243 | Lancashire Holdings Limited (LRE:LON), 618 | Novae Group (NVA:LON), 0 | Helios Underwriting PLC (HUW:LON), 180 | Jardine Lloyd Thompson Group (JLT:LON), 0 | Beazley Plc (BEZ:LON), 668
- Published:
17 Jan 2017 -
Author:
Joanna Parsons -
Pages:
40
FY2016 will be mixed with higher than first forecast PBT at Beazley, Hiscox and Helios but lower PBT at JLT, Lancashire and Novae. Lancashire’s Q3 special dividend (its key driver for now) beat consensus. Losses picked up but didn’t deliver the knockout blow needed. FX boosted returns, especially for the sterling reporters. 2017 will be more challenging and we remain cautious on a 12M view given the likely pressures from soft pricing, rising claims activity, unrealised bond losses