skip to content

Interim Results

Lancashire pre-tax profits rise

03 November 2016 09:07

Lancashire Holdings reports a return on equity of 3.1% in the third quarter - compared with 2.6% a year ago.

Return on equity for the nine months was 10.5% against 9.3% last time.

Gross premiums written totalled $108.2m in the third quarter compared with $120.4m a year ago while pre-tax profits rose to $42.9m from $32.9m a year ago.

Group chief executive Alex Maloney said: "The group's results for the third quarter have once again been strong. Our RoE of 3.1% for the quarter and 10.5% for the year to date demonstrate our ability to deliver excellent results through the insurance cycle and during challenging market conditions. These results are a tribute to the quality of our people throughout the Group and an illustration of the fruits of disciplined underwriting and prudent risk selection."

At 9:07am: (LON:LRE) Lancashire Holdings Ltd share price was +52p at 761p

Story provided by

Related Company: LRE

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.