Syndicates 33 and 6104 -
results and estimates
Hamilton, Bermuda (03 March 2025) - Hiscox Ltd (LSE: HSX), the international specialist insurer,
announces the final results for Syndicate 33's 2022 account and
Syndicate 6104's 2022 and 2020 accounts. It also announces the
current estimates for Syndicate 33 and Syndicate 6104's 2023 and
2024 accounts. The 2024 account estimates
for both Syndicates 33 and 6104 take into account the preliminary
loss estimates resulting from the Los Angeles wildfires, which
occurred in early 2025.
The results for 2022 account and
2020 account (Syndicate 6104 only) (excluding Members' Agent fee)
expressed as a percentage of capacity, are as follows:
|
Syndicate
|
Year of
account
|
Closing
result
|
Previous
estimate
|
Capacity
|
Hiscox
share
|
|
33
|
2022
|
12.5%
|
6.4% to
16.4%
|
£1,699m
|
73%
|
|
6104
|
2020
|
47.0%
|
34.2% to
44.2%
|
£44m
|
0%
|
|
6104
|
2022
|
36.9%
|
21.8% to
31.8%
|
£13m
|
0%
|
The estimates for 2023 and 2024
expressed as a percentage of capacity, are as follows:
|
Syndicate
|
Year of
account
|
Current
estimate
|
Previous
estimate
|
Capacity
|
Hiscox
share
|
|
33
|
2023
|
10.4% to
20.4%
|
7.9% to
17.9%
|
£1,699m
|
73%
|
|
33
|
2024
|
3.0% to
13.0%
|
N/A
|
£1,699m
|
73%
|
|
6104
|
2023
|
27.7% to
37.7%
|
22.5% to
32.5%
|
£19m
|
0%
|
|
6104
|
2024
|
2.5% to
17.5%
|
N/A
|
£57m
|
0%
|
ENDS
For further
information:
Hiscox Ltd
Yana O'Sullivan, Director of
Investor Relations, London +44 (0)20 3321 5598
Marc Wetherhill, Group Company
Secretary, Bermuda +1 441 278
8300
Media
Tom Burns, Brunswick +44 (0)20 7404
5959
Simone Selzer, Brunswick +44 (0)20
7404 5959
Notes to
editors
About
The Hiscox Group
1. The Syndicates' estimates are
after standard personal expenses, such as Managing Agent fees and
profit commission and all charges levied directly on syndicates by
Lloyd's, but before Members Agents' charges.
2. Hiscox is
a global specialist insurer, headquartered in Bermuda and listed on
the London Stock Exchange (LSE:HSX). Our ambition is to be a
respected specialist insurer with a diverse portfolio by product
and geography. We believe that building balance between
catastrophe-exposed business and less volatile local specialty
business gives us opportunities for profitable growth throughout
the insurance cycle.
The Hiscox Group employs over 3,000
people in 14 countries, and has customers worldwide. Through the
retail businesses in the UK, Europe, Asia and the USA, we offer a
range of specialist insurance for professionals and business
customers as well as homeowners. Internationally traded, bigger
ticket business and reinsurance is underwritten through Hiscox
London Market and Hiscox Re & ILS.
Our values define our business, with
a focus on people, courage, ownership and integrity. We pride
ourselves on being true to our word and our award-winning claims
service is testament to that. For more information, visit
www.hiscoxgroup.com.
