For all bar Novae, 2016 was a good/great year but investors should note the fillips to returns from FX and Brexit, as gains for Hiscox and Novae drove PTP materially higher and improved investment yields benefitted all. Hiscox reported the highest ROE in 2016 at 20.1% but we consider Beazley’s ROE to be the most attractive and robust. It also has had the most stable combined ratio. However, we generally remain cautious on the near-term trading pressures vs. current share prices. Novae h
21 Mar 2017
Wave goodbye to 2016, say hello 2017
Beazley Plc (BEZ:LON), 658 | Hiscox Ltd (HSX:LON), 1,172 | Lancashire Holdings Limited (LRE:LON), 576 | Novae Group (NVA:LON), 0
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Wave goodbye to 2016, say hello 2017
Beazley Plc (BEZ:LON), 658 | Hiscox Ltd (HSX:LON), 1,172 | Lancashire Holdings Limited (LRE:LON), 576 | Novae Group (NVA:LON), 0
- Published:
21 Mar 2017 -
Author:
Joanna Parsons -
Pages:
12
For all bar Novae, 2016 was a good/great year but investors should note the fillips to returns from FX and Brexit, as gains for Hiscox and Novae drove PTP materially higher and improved investment yields benefitted all. Hiscox reported the highest ROE in 2016 at 20.1% but we consider Beazley’s ROE to be the most attractive and robust. It also has had the most stable combined ratio. However, we generally remain cautious on the near-term trading pressures vs. current share prices. Novae h