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
“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%."
“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.”
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.
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.
