Our long-term strategy is to manage the market cycle and deliver strong returns for shareholders through a portfolio of diversified products. During 2023, we delivered on those objectives with a disciplined approach to managing risk.

Download our Annual Report 2023

2023 at a glance



gross losses paid in 2023

Delivering for our investors and clients


paid in dividends to our shareholders in 2023




core product groups with associated business lines



donated through the Lancashire Foundation in 2023

Delivering for our communities


individual organisations supported



employees attended our Project Transform volunteering programme in Tanzania



colleagues across
our offices

Delivering for our people

Top 10

employer in
Bermuda in 2023



engagement score in 2023 all-staff survey

Leadership statements

Non-Executive Chairman's statement

“The Board is very pleased with the performance of the business during 2023. The management team have been committed to delivering on Lancashire’s priorities and the performance of the business in 2023 is testament to their success.”


Peter Clarke
Non-Executive Chairman

Group Chief Executive Officer's statement

“At the heart of our business is our belief in the importance of managing the cycle. During 2023, we continued to focus on writing profitable business during the best market conditions we have seen for a decade.”


Alex Maloney
Group Chief Executive Officer

Group Chief Financial Officer's statement

“2023 was a very strong year for Lancashire in which we were able to demonstrate that we are delivering on our strategic objectives through disciplined underwriting and maximising risk adjusted returns.”


Natalie Kershaw
Group Chief Financial Officer


Delivering our growth and profit ambitions

Strategic overview

Focusing on our strategy


Lancashire’s strong financial performance in 2023 clearly demonstrated the benefits of our growth and diversification strategy