Lancashire made significant progress in 2022 in realising the benefits of our work to diversify, fortify and grow our strong product portfolio. We will always be driven by the underwriting opportunity and our disciplined approach to managing risk as we push forward.

We have the momentum to take advantage of an exciting market opportunity


Download our annual report 2022

Our purpose is to…

Deliver bespoke risk solutions that protect our clients and support economies, businesses and communities in the face of uncertain loss events.


Manage our risk exposures and capital resources to generate returns for our investors.


Support our people and work with our stakeholders, fostering a positive, sustainable and open business culture to the benefit of society.



Exhibiting passion and commitment in all aspects of Lancashire life and inspiring others to do the same, we are…


aspiring to deliver a superior service for our clients, ourselves and our business partners, we are…


in our decisions, actions and business processes, and considerate of our environment and wider society, we are…


valuing teamwork and a diversity of skills and experience and sharing in our success, and we are…


in conducting our business in an accountable, open, honest and sustainable way.

Non-Executive Chairman's statement

“For Lancashire, 2022 was the year where we continued to implement our long-term strategy of building a more diverse and robust business.

We deployed our capital according to the opportunity in an improving pricing environment.”


Peter Clarke
Non-Executive Chairman

Group Chief Executive Officer's statement

“This year our focus remained firmly on delivering our long-term strategy and actively managing the cycle. 

I’m very pleased to report that Lancashire continued its strong growth trajectory, increasing gross premiums written year-on-year by 34.9% to $1.7 billion and delivering a combined ratio of 97.7%."


Alex Maloney
Group Chief Executive Officer

Group Chief Financial Officer's statement

“We held a very strong capital position throughout the year and we have the necessary headroom to write profitable business during what promises to be an improving insurance market in 2023. We will always use our capital effectively to support the underwriting environment and manage our exposures to market conditions.”


Natalie Kershaw
Group Chief Financial Officer

OUR Strategy

Underwriting comes first

Profitable growth

Exploring opportunities for growth in markets where we believe the right long-term opportunities exist, and rigorously monitoring and managing our risk exposures.


Balance risk and return through the cycle

Maximise risk-adjusted returns

Our speed and agility in the way we manage volatility help us underwrite our core portfolio profitably through the challenges of the cycle, yet seize opportunities when they present themselves.

Insurance market employer of choice

Positive culture enables sustainability

Maintaining our positive culture and the ability to retain and attract the best talent is key for success, coupled with a strong focus on profitability and risk selection.


Our relationships with clients and brokers are longstanding and our experienced management team is supported by our skilled operational teams.


Group performance in a challenging year.

Strategic overview

We aspire to deliver a superior service for our clients, ourselves and our business partners.


We are nimble in our decisions, actions and business processes, and considerate of our environment and wider society.



2022 E.S.G. Review

At Lancashire, we’re committed to evolving as a business on matters of sustainability and governance.

Lancashire Foundation

The Lancashire Foundation is at the centre of the Group’s charitable activities.

People and culture

Giving our people the environment, tools, skills and support they need to thrive in an open, honest and diverse culture.

Sustainable insurance

Ensuring our business considers climate change and other ESG issues in our underwriting decision making.

Responsible investment

Demonstrating our commitment to ESG, including responsibility for our environment, through the management of our investments.

Operating responsibly

Running our business as a good corporate citizen, a responsible preserver of resources, and holding our supply chain to the high standards we apply to ourselves.