Lancashire Share Discussion Threads

[major clanger] 06/3/2013 20:13

downgraded by CS:

[augustus1] 06/3/2013 09:06

Two divi's:
Final 10cents
Special $1.05
Total payable $1.15
XD 20 March 2013
Paid 17 April 2013

[smith99] 05/3/2013 16:16

does anyone know what the divi is for the 11th march ?

[augustus1] 01/3/2013 10:01

And today as well!!

[werdnado] 28/2/2013 08:22

A new high for the share price today.

[stevetk] 11/12/2012 01:16

Todays Drop

All I can seem to find is a down grade from "Normura" from but to hold.

[northernlass] 02/6/2012 17:06

Q1 Profits Soar

LANCASHIRE Q1 PROFITS SOAR

Lancashire Holdings Limited made more in the first three months of this year than it did in the first quarter of 2011, despite the fact that the company's performance was hurt by the Costa Concordia shipwreck.

The company reported its first quarter 2012 financial results last week, revealing it made a net profit after tax of $45.2 million - that's about five times the amount ($8.6 million) the firm made in the first quarter of last year. It also exceeds the $39 million it made in the last quarter of 2011.

Net operating profit soared from $6.9 million in the first three months of 2011 to $42.9 million in Q1 of this year. The group's total investment return improved from 0.6 percent in 2011 to 1.1 percent so far this year.

Lancashire's net loss ratio for the first quarter of 2012 was 35.7 percent, compared to 67 percent for the same period of 2011.

The firm incurred $34.1 million in claims costs from the Costa Concordia. This compares to the net losses of $116.5 million in the first quarter of 2011 related to the earthquake and tsunami in Japan and the Christchurch earthquake.

Gross written premiums rose, year-on-year, from $171.9 million to $234 million but net premiums declined from $137.7 million to $132.1 million.

Lancashire's combined ratio for the first quarter however, was 74 percent - better than the 97.4 percent for the same period last year, but up from 73.1 percent at the end of 2011 and the 63.7 percent seen over the whole of 2011 (anything below 100 percent implies a company is making a profit through underwriting risk as opposed to making money from investments).

In other words, things were marginally worse on the underwriting front in the first quarter of 2012, partly due to the claims related to the Costa Concordia disaster in January of this year.

The company's CEO complained that Lancashire and others are unable to charge more despite the Costa Concordia grounding costing the industry perhaps as much as $1 billion.

"While the Costa Concordia loss affected our combined ratio, as it has many others in the industry, it has been frustrating to see industry-wide pricing in marine lines failing to show the improvements that might have been expected following such a loss," said Richard Brindle, Lancashire's CEO.

Mr Brindle otherwise described Lancashire's Q1 results as solid, and thanked the firm's shareholders for approving plans to allot it to issue up to ten percent of issued share capital on a non pre-emptive basis.

Source:



P.S.

Here's a couple of links about SCLP, one of the hottest stocks at the moment:

[northernlass] 02/6/2012 17:05

Beyond the Usual Suspects

INVESTORS MUST LOOK BEYOND 'THE USUAL SUSPECTS' TO EARN A SOLID INCOME FROM UK EQUITIES

Investments with attractive and sustainable yields and the potential for robust dividend growth can produce substantial results.

Of course the benefits of this approach rely on the dividends not being cut. It is therefore important to investigate whether a company's dividends are sustainable. This means researching the role the company plays in a particular industry, its position in the market, its ability to sustain and raise prices and support its profits and cashflows.

In the non-life insurance sector, one example of a high yielding stock that fulfils these criteria is Lancashire Holdings. Lancashire is a specialist insurer which has delivered above-average returns for investors. Over the past five years, in fact, returns on the firm's equity have averaged 25 per cent. This has supported significant growth in the company's value in relation to its net tangible assets, as well as substantial dividends. Shareholders have also reaped an outstanding total return from Lancashire. The share price has quadrupled over the past four years, and the company continues to represent the best opportunity for investors within the non-life insurance sector.

In spite of this exceptional financial performance, however, the company remains less well known and as such offers a greater chance to prosper. Without taking a wider view than simply looking for high yield, investors run the risk of missing such an opportunity.

In an environment of low yields and persistent inflation many clients are also looking for ways to prevent the value of their income from being eroded in real terms.

Source:

[northernlass] 02/6/2012 17:04

Richard Brindle Interview

INTERVIEW WITH RICHARD BRINDLE, CEO, ON 4TH MAY 2012

[ursus] 04/5/2012 13:09

Where are you, Miss Jones?

[typo56] 24/11/2011 19:32

Nothing gets past you does it, Mr Rigsby.

[ursus] 24/11/2011 17:33

if you looked it up you wd see that this went ex a special div on weds -- though it has dropped by more than that.

[broshm] 24/11/2011 17:21

S F what is your graph about ?have you missed the last dip ?
The size and time of these big fluctuations is beyond me .

[supaflyguy] 16/11/2011 16:42

Directors very active...selling

[werdnadoow] 08/11/2011 17:02

Not many stocks giving shareholders 19.8% return year on year.

[sigmund freud] 16/9/2011 19:51

The best thing about the long term chart is that the large drops are huge dividend payments. The short term average has just touched the long one and will now take off. The good Lord just keeps on giving and giving with this one.

[woody6] 16/9/2011 09:40

interesting breakout

[pendragon2] 23/6/2011 04:22

rns - ratings upgrade: bodes well.

[rlindsey2] 07/5/2011 09:04

First quarter results seem promising, with all of the problems going on around the world and we still remain in a strong position, which will then result to higher premiums in following years which would lead to higher profits. Very impressive stuff from the management.

[woody6] 06/4/2011 14:16

just a cracking good stock.IMHO

[augustus1] 06/4/2011 13:33

Looks like an all time high? Any reason for such a strong movement today?

[nellie1973] 18/3/2011 18:42

Broker upgrade again today

[ph1ts] 18/3/2011 09:29

rlindsey2 - I think that you got your answer! I just wish that I'd had free funds available.