2020 HIGHLIGHTS
Delivering resilience for shareholders
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Change in FCBVS (previously termed ‘RoE’)
10.2% 2019: 14.1% -
Total investment return
3.9% 2019: 4.9% -
Total shareholder return
-1.4% 2019: 34.3%
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Combined ratio
107.8% 2019: 80.9% -
Profit after tax
$4.2m 2019: $117.9m -
Gross premiums written under management
$1.1b 2019: $934.8m
-
Change in FCBVS (previously termed ‘RoE’)
10.2% 2019: 14.1% -
Combined ratio
107.8% 2019: 80.9% -
Total investment return
3.9% 2019: 4.9% -
Profit after tax
$4.2m 2019: $117.9m -
Total shareholder return
-1.4% 2019: 34.3% -
Gross premiums written under management
$1.1b 2019: $934.8m
BUILDING ON STRONG
Foundations
The talents of our people set us apart from our competitors
GROSS PREMIUM WRITTEN BY SEGMENT
Our focus is on short-tail, specialty (re)insurance risks within four general segments: Property, Aviation, Energy and Marine.
WE HAVE BEEN BUILDING OUR TEAMS TO STRENGTHEN OUR CAPABILITIES
“Having the right team allows us to offer tailor-made, bespoke risk solutions, while our significant experience helps generate returns. We believe that maintaining the right balance between discipline and creativity is key to our success, coupled with a strong focus on profitability and risk selection.”
Paul Gregory – Group Chief Underwriting Officer
Building On
Opportunity
We are responding to the improving market opportunity
CUMULATIVE RPI CHANGES SINCE
2015
“We have witnessed double-digit percentage rate increases in many of our lines of business, and accelerated rating dislocation in the catastrophe- exposed reinsurance lines. Current market conditions present an attractive opportunity for growth, consistent with our strategy of deploying capital in line with the insurance market cycle.”
Alex Maloney – Group Chief Executive Officer
Building For
Growth
We’re positioning the business for organic growth, opening new lines of business and retaining more risk
ACTIVELY MANAGING EXPOSURE DEPENDENT ON MARKET CONDITIONS
OUR PLAN FOR 2021
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Consistent
strategyOur long-term strategy remains consistent: deploy more capital into a ‘hardening’ market, contract in a ‘softening’ market.
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Attractive 2021
opportunityBuilding blocks in place to take advantage of an attractive opportunity in 2021 to grow our revenues.
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Being there for
our clientsOur three market-leading platforms drive our long-term success: Lancashire Insurance companies, Lancashire Syndicates and Lancashire Capital Management.
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Strong risk
selectionOur daily underwriting call, strategic overview of risk and active management of exposures have proven they lead to long-term success.
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Superior risk/return
profileFocus on delivering superior Change in FCBVS (previously termed RoE) above peer averages and a resultant strong total shareholder return.
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Active capital
managementWe aim to carry the right level of capital to match attractive underwriting opportunities, utilising an optimal mix of capital tools.