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Lancashire Holdings Ltd (LRE.L)

LRE.L on London Stock Exchange

665.00GBp
17 Jan 2018
Change (% chg)

8.00 (+1.22%)
Prev Close
657.00
Open
657.00
Day's High
665.00
Day's Low
657.00
Volume
27,085
Avg. Vol
678,045
52-wk High
773.50
52-wk Low
608.00

Latest Key Developments (Source: Significant Developments)

Insurer Lancashire reports Q3 loss on natural catastrophe hits
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Lancashire Holdings Ltd :Q3 FULLY CONVERTED BOOK VALUE PER SHARE $‍5.53​ VERSUS $6.55 IN Q3 2016.Q3 GROSS PREMIUMS WRITTEN $‍143.0​ MILLION VERSUS $108.2 MILLION IN Q3 2016.NO SPECIAL DIVIDEND PER COMMON SHARE VERSUS $0.75 IN Q3 2016.Q3 LOSS BEFORE TAX $‍136.4​ MILLION VERSUS PROFIT OF $42.9 MILLION Q3 2016.LANCASHIRE- ‍LAST COUPLE OF MONTHS HAVE WITNESSED A SERIES OF DAMAGING HURRICANES IN CARIBBEAN, GULF OF MEXICO AND U.S. COASTAL REGIONS.Q3 COMBINED RATIO ‍213.3​ PERCENT VERSUS 73.8 PERCENT IN Q3 2016.‍LAST COUPLE OF MONTHS HAVE WITNESSED TWO SIGNIFICANT EARTHQUAKES IN MEXICO​.‍AT SUCH TIMES LANCASHIRE EXPECTS TO PAY LOSSES, AND THIS IS REFLECTED IN OUR RESULTS FOR Q3 AND YEAR TO DATE​.INDUSTRY HAS EXPERIENCED LOSSES OF MANY BILLIONS OF DOLLARS, WHICH WILL HAVE DEPLETED CAPITAL AND STRESSED BALANCE SHEETS​.‍OUR ESTIMATED NET LOSSES FALL COMFORTABLY WITHIN OUR EXPECTATIONS FOR SUCH CATASTROPHE EVENTS​.‍AFTER YEARS OF SOFT PRICING CONDITIONS WE ARE SEEING SOME EVIDENCE OF AN INCREASE IN PRICING, PARTICULARLY IN CATASTROPHE EXPOSED LINES​.‍HAVE RECORDED A NET LOSS ACROSS OUR THREE PLATFORMS FROM THESE EVENTS OF $165.0 MILLION​.EXPECT TO PUT ALL OF OUR CAPITAL TO WORK TO TAKE ADVANTAGE OF IMPROVING MARKET CONDITIONS, WE WILL CONTINUE TO PAY ORDINARY DIVIDEND​.  Full Article

Lancashire estimates losses from US, Mexico hurricanes at $106-$212 mln
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Lancashire Holdings Ltd :‍Hurricanes Harvey, Irma and Maria and Mexican earthquakes - Lancashire group preliminary loss estimate​.‍Aggregate estimated net ultimate losses for these events is expected to be in a range of $106 million to $212 million​.‍This estimate falls well within company's modelled loss ranges for these types of catastrophe events.​.  Full Article

Lancashire half-year pretax profit falls
Wednesday, 27 Jul 2016 

Lancashire Holdings Ltd : Profit before tax $56.6 million for half year . Interim dividend 0.05 usdper share . Combined ratio of 80.6 pct in Q2 2016, 76.2 pct year to date . Return on equity Q2 3.2 pct . Return on equity YTD 7.1 pct .Gross premiums written increased by 11.4 pct in Q2 of 2016 compared to same period in 2015.  Full Article

UPDATE 1-Insurer Lancashire reports Q3 loss on natural catastrophe hits

Nov 2 Lancashire Holdings Ltd reported a third-quarter pretax loss after what looks set to be the costliest quarter ever for insurers and reinsurers due to natural catastrophes, but said it was seeing some evidence of an increase in pricing.