Hiscox Share Discussion Threads

[technocat] 29/11/2008 16:08

You are not alone. I also have an interest in HSX dating back a couple of years. HSX is the only bit of blue I have on my portfolio, up about 20%. I have considered top slicing recently to take some profit but have not yet found the moment.

[gconvery] 27/11/2008 22:50

So nobody else bought this? It's very lonely here ;-)

[gconvery] 26/11/2008 17:22

Anyone interested in this stock? I bought in today based on chart action - as far as I can see there is no historical resistance from this point and all the insurers seem to be benefiting from talk of increased premiums next year. A bullish stock compared to many others at the moment....

[m.t.glass] 13/5/2008 06:54

Hiscox wonders what all the racket is

Lloyd's insurer Hiscox could not have been expecting to arouse much excitement from yesterday's interim management statement.

"You've just got me off a tennis court," puffs chairman Robert Hiscox from his pad in Marlborough, Wiltshire. "I'm sitting in a sweaty shirt - you stopped me from playing the third set. My chief executive, Bronek Masojada, is in the US. That's how relaxed we are." Mmmm. Gross written premiums are down 10pc.

(Telegraph, 13 May)

[ahmedjbh] 11/9/2007 18:06

very bullish on this one, great fundamentals, sector doing well, all looking good.

Profit at record levels, and this year a relitively quiet hurricane season, should make for good figures looking forward.

[basketbob] 20/8/2007 09:09

I notice too that Hiscox is advertising on TV.

[basketbob] 20/8/2007 08:49

Interim results. Excellent.






Hiscox H1 pretax profit rises 72 pct, beating analysts forecasts

LONDON (Thomson Financial) - Hiscox Ltd, the Lloyd's of London insurer and
reinsurer, said first-half pretax profits rose over 72 pct, helped by a strong
performance at its catastrophe insurance division.
Pretax profits for the first half of the year to end-June rose to 105.6 mln
stg, up from 61.3 mln stg last year.
The result beat analysts' forecasts of 89 mln stg, according to a consensus
forecast supplied by the company.
Gross written premiums for the first half of the year to end-June rose to
733 mln stg from 625.1 mln stg a year earlier.
Combined ratio for the period fell to 84.8 pct from 94.6 pct this time last
year.
The group said it expects 30 mln stg of losses from UK flooding in June, but
that this sum is within expectations for such events.
Hiscox also gave its shareholders a boost by raising the interim dividend to
4 pence per share from 3 pence a year earlier.

[e-mail]
af/jr

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[d8raider] 25/6/2007 15:27

might have something to do with their prospects?

[liquidkid] 25/6/2007 14:12

now why is this not down with all the other bermudan insurers AML, CGL etc

[maiseymouse] 09/5/2007 13:46

small change in recommendation

[hijeff] 22/4/2007 16:59

how long can they stay independant.

[basketbob] 16/4/2007 20:40

Nice to see this shot through and held at over the £3 mark today. This is uncharted territory. I was expecting to see some consolidation before £3. RSI looking a bit over bought, but volume remains good.
Let's hope it keeps going.

[onlyonestorm] 16/4/2007 15:51

I supose you could say HIS-COX is UP TODAY!!!

[miata] 29/3/2007 11:38

Seymour Pierce 'buy'.

[zapdos] 12/3/2007 08:18

Hiscox Final Results


RNS Number:7323S
Hiscox Ltd
12 March 2007



Hiscox Ltd

Preliminary results for the year ended 31 December 2006

"Record profits after substantial investment in the future"

Hiscox Ltd, the specialist insurer, today announces preliminary results for the
year ended 31 December 2006.

2006 2005
Gross written premiums #1,126.2m #861.2m
Net earned premiums #888.8m #693.3m
Profit before tax #201.1m #70.2m
Earnings per share 41.7p 15.6p
Final dividend per share 7.0p 4.75p
Net asset value per share 173.2p 147.7p
Group combined ratio 88.3% 96.0%
Return on equity 28.9% 12.8%

Financial highlights

* Record pre-tax profits up 186% to #201.1m (2005: #70.2m)

* Earnings per share on profit after tax up 167% to 41.7p (2005: 15.6p)

* Final dividend of 7p per share (2005:4.75p) making 10p for the full year, an
increase of 43% (2005: 7p)

* Dividend of 12p per share targeted for 2007

* Gross written premium income increased 30.8% to #1,126.2m (2005: #861.2m)

* Hiscox Global Markets business made a very strong pre-tax profit of #116.6m
(2005: #20.7m) with a combined ratio of 89.0% (2005: 99.9%)

* Hiscox International increased pre-tax profits to #51.9m (2005: #6.2m) with
a combined ratio of 62.2% (2005: 91.3%)

* Hiscox UK and Hiscox Europe delivered pre-tax profits of #32.6m (2005: #43.4m)
after investing significantly in advertising and the further expansion of
the company's regional network.

Operational highlights

* Redomicile to Bermuda completed

* New operations, Hiscox Bermuda and Hiscox USA, made excellent starts

* Panther Re, the first Lloyd's market sidecar, was launched substantially
increasing Syndicate 33's catastrophe reinsurance underwriting capacity

* Our investment in marketing in the UK, which featured our first ever TV
advertising campaign, improved brand awareness and drove up demand

Robert Hiscox, Chairman, Hiscox Ltd, commented:

"It has been a very good year for Hiscox. Our decision to increase our
catastrophe reinsurance book by opening in Bermuda after two bad catastrophe
years and with every pundit forecasting more disasters, has paid off handsomely.
In addition, our retail businesses continue to grow in the UK, Europe and the
USA.

"We will continue to focus on our specialist business lines around the world,
aiming to build a balanced overall account with sustainable profitability."

Copies of the Chairman's statement, Chief Executive's report and the Group's
financial information as at 31 December 2006 are attached.

Ends

[zapdos] 12/3/2007 08:16

Excellent results today !

[onlyonestorm] 12/3/2007 08:15

Glad I didn't wait for Barclays, nice results!!

Stormy

[paddyfool] 19/2/2007 14:45

Save yourself the bother and buy Amlin a far better bet in the same market.

[onlyonestorm] 12/2/2007 14:37

Below is Barclays Reply which I have now passed on to Hiscox who are going to contact Barclays:-

Thank you for your email.

I understand your point that HSX are not an AIM stock and some other brokers
may allow them to be held in an ISA. However, we don't allow HSX to be held
in our ISAs because they are registered in Bermuda.

I'm sorry if this is disappointing news. If you have any further questions,
please feel free to contact me by email or telephone and I'll be happy to
help you.


Regards

Scott

Scott Marshall
Client Service Team

Barclays Stockbrokers
300 Bath Street
Glasgow
G2 4LH

WATCH THIS SPACE!!!

STORMY

[onlyonestorm] 09/2/2007 16:53

Thank You!!

Stormy