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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lancashire Holdings Limited | LSE:LRE | London | Ordinary Share | BMG5361W1047 | COM SHS USD0.50 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 4.00 | 0.60% | 673.00 | 12,108 | 08:48:39 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 671.00 | 673.00 | 676.00 | 660.00 | 660.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Fire, Marine, Casualty Ins | USD 449.1M | USD 321.5M | USD 1.3176 | 5.13 | 1.63B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:00:31 | O | 122 | 672.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 06/11/2024 | 11:40 | ALNC |  Lancashire Holdings increases special dividend amid premium growth |
| 06/11/2024 | 07:00 | UKREG | Lancashire Holdings Ltd - Q3 Trading Statement |
| 06/11/2024 | 07:00 | UKREG | Lancashire Holdings Ltd - Non-Executive Director appointments and Board.. |
| 26/9/2024 | 14:37 | UKREG | Lancashire Holdings Ltd - Notice of Results |
| 02/9/2024 | 14:57 | UKREG | Lancashire Holdings Ltd - Director/PDMR Shareholding |
| 09/8/2024 | 13:56 | UKREG | Lancashire Holdings Ltd - Director/PDMR Shareholding |
| 08/8/2024 | 19:00 | ALNC | EARNINGS AND TRADING: Savills "well-positioned"; Derwent optimistic |
| 08/8/2024 | 06:00 | UKREG | Lancashire Holdings Ltd - Q2 2024 Earnings Release |
| 08/8/2024 | 06:00 | UKREG | Lancashire Holdings Ltd - Non-Executive Director Appointment |
| 28/6/2024 | 15:31 | UKREG | Lancashire Holdings Ltd - Notice of Results |
Lancashire (LRE) Share Charts1 Year Lancashire Chart |
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1 Month Lancashire Chart |
Intraday Lancashire Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/11/2024 | 09:32 | Now time to buy Lancashire Holdings | 1,568 |
| 23/6/2011 | 04:22 | Lancashire Holdings General Discussion with Charts | 15 |
| 10/12/2007 | 11:24 | lancashire holdings | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:00:32 | 672.00 | 122 | 819.84 | O |
| 08:59:14 | 672.00 | 33 | 221.76 | O |
| 08:55:20 | 673.00 | 22 | 148.06 | O |
| 08:48:27 | 673.00 | 202 | 1,359.46 | AT |
| 08:48:27 | 673.00 | 144 | 969.12 | AT |
| Top Posts |
|---|
Posted at 13/11/2024 08:20 by Lancashire Daily Update Lancashire Holdings Limited is listed in the Fire, Marine, Casualty Ins sector of the London Stock Exchange with ticker LRE. The last closing price for Lancashire was 669p.Lancashire currently has 244,010,007 shares in issue. The market capitalisation of Lancashire is £1,649,507,647. Lancashire has a price to earnings ratio (PE ratio) of 5.13. This morning LRE shares opened at 660p |
Posted at 06/11/2024 13:09 by martinmc123 4*Lancashire Holdings Ltd issued a trading update for the first 9 months of 2024. Gross premiums written increased by 9.0% year-on-year to $1.7 billion, insurance revenue increased by 16.8% year-on-year to $1.3 billion. Net losses relating to recent weather events are expected to be between $110 million to $140 million, while the Group’s total investment return was 5.0%, including unrealised gains and losses...from WealthOracle wealthoracle.co.uk/d |
Posted at 07/10/2024 17:37 by louis brandeis Never understood share sell offs when news of hurricanes presents itself.YOU ARE IN THE INSURANCE BUSINESS FOR GOODNESS SAKE! You either have faith in the underwriters or you don't. If you don't why are you a shareholder? Hurricanes are nothing new and, with warming sea temperatures, they are here to stay. Hell, I'm a hurricane veteran. I've been in three: in the eye of Charlie, nearly the eye of Irma, and on the perimeter of one in the Pacific who I forget the name of. I've also owned a second home in Florida, just inland off the Gulf Coast in a place called Brooksville. The place essentially had 8ft high glass walls! Still very much insurable as inland the hurricane soon dies off. Those with real issues are those in trailer parks and in demographics where insurance is a pipe-dream luxury. This is the issue: the risks are now very well understood, and with increasing frequency, are being understood better. Florida especially, and even states north including the Carolinas. Events like these help insurance premium hardening, which given good underwriting, improve shareholder returns. One could argue you should be buying on such news! Anyway I topped up. My property saw many storms but was generally built to withstand them. The only insurance claim I made was for a lightning surge which blew the AV system along with a few TVs. ;) |
Posted at 12/8/2024 11:33 by cwa1 Jefferies raises Lancashire price target to 750 (740) pence - 'buy' |
Posted at 08/8/2024 11:47 by kirkie001 Somewhat surprised in the divergent price reaction today between here and Beazley - both what appears on first glance to be great results (although I've looked at Beazley's closer than LRE's so far), but BEZ up 11%; LRE down 3%.Fortunately I'm sized somewhat larger in BEZZ than LRE.... Anyone else attempted to compare and contrast? |
Posted at 08/8/2024 11:44 by 1knocker Top notch half year resultsAnd the share price is down, and not from any very heady price! Lancashire has delivered for me over many years. I am fairly full, but may buy a few more on any further price weakness. |
Posted at 03/5/2024 10:15 by csalvage Barclays raises Lancashire price target to 800 (790) pence - 'equal weight |
Posted at 02/5/2024 06:54 by cwa1 LANCASHIRE HOLDINGS LIMITED2 May 2024 Hamilton, Bermuda Lancashire Holdings Limited ("Lancashire" or "the Group") today announces its trading statement for the three months ended 31 March 2024. Trading statement highlights · Gross premiums written increased by 7.8% year-on-year to $631.7 million. · Insurance revenue increased by 24.6% year-on-year to $422.0 million. · Group Renewal Price Index (RPI) of 104%. · Total investment return, including unrealised gains and losses, of 0.9%. · Regulatory ECR ratio of 328% as at 31 December 2023. Alex Maloney, Group Chief Executive Officer, commented: "Lancashire has had a very strong start to 2024, reporting a record quarter. The positive underwriting environment allowed us to grow our business further with gross premiums written increasing nearly 8% year-on-year to $631.7 million. Insurance revenue increased by nearly 25% year-on-year to $422 million. We continue to see strong opportunities for profitable growth across our portfolio with a Group RPI for the quarter of 104%. Our new U.S. operation, Lancashire Insurance U.S., has now begun underwriting excess and surplus lines business in the property and energy casualty classes. We are very pleased with the strong team we have built and we believe that there are significant long-term opportunities for Lancashire in this market. In terms of the loss environment, the market impact of the tragic Baltimore bridge disaster late in the quarter is still being assessed, however our potential exposure will be within our expectations for an event of this type. We affirm the guidance we gave for the 2024 financial year for an undiscounted combined ratio around the mid-80% range, and a return on equity, as measured by the change in diluted book value per share, of around 20%. On investments, our portfolio delivered a positive return of 0.9% for the quarter. The market yield of 5.4% was offset by mark to market movements on fixed maturities. I am excited by the prospects for Lancashire as we move through 2024. Our strong balance sheet, with a regulatory ECR ratio of 328%, gives us the flexibility to achieve our goals. We remain focused on writing profitable business across our diversified product suite, offering relevant solutions to our clients, and fully delivering on our strategic priorities." |
Posted at 29/4/2024 08:56 by cwa1 Not a lot of chat on here, so here's this weekend's MoS Midas buy tip whilst we wait for Thursday's trading update:-MIDAS SHARE TIPS: Premium income doubles and profits rise eight-fold as insurer Lancashire has disaster covered By JOANNE HART UPDATED: 04:25 EDT, 28 April 2024 View comments The collapse of Baltimore's Francis Scott Key Bridge was both horrific and deadly. Innocent people were killed, disruption persists and the repercussions spread far and wide. Little more than a month after the disaster, the blame game has begun. City officials say the container ship that ploughed into the bridge outside Baltimore port was not seaworthy, and its crew were incompetent. The shipowners have invoked a law dating from before the US Civil War to try to limit their liability. The FBI has launched its own investigation and transport regulators are heavily involved as well. It is an unholy mess, the cost of which will almost certainly run into billions. For insurer Lancashire however, an event such as this is almost business as usual. The company specialises in complex underwriting – providing cover against disasters from storms and earthquakes to oil spills and plane crashes. Formed in the wake of Hurricane Katrina in 2005, Lancashire has become a leading player in its field, operating out of Lloyd's of London and Bermuda, with offices in America and Australia too. The shares are £5.86 and should increase in value, as Lancashire is highly profitable and should continue in that vein. Horror toll: Calamities like the Baltimore bridge collapse are underwritten by leading insurers such as Lancashire +1 Horror toll: Calamities like the Baltimore bridge collapse are underwritten by leading insurers such as Lancashire Most large-scale insurance cases involve numerous underwriters and Baltimore is no exception. The ship that crashed weighed almost 120,000 tons and was carrying 4,600 containers. Both vessel and goods will be insured, as will the bridge and surrounding infrastructure. Underwriters will have been chosen on the basis of the prices they offer and the service they provide. Lancashire is smaller than many peers, with just 400 employees, but the group prides itself on keen pricing, smart risk management and true customer support. Chief executive Alex Maloney, 50, leads by example. Starting out in insurance at the age of 19, he has worked in the industry ever since, joining Lancashire just after it was founded in 2005 and assuming the top job ten years ago. Large scale insurance is all conducted through brokers and knowing the right people is fundamental to success. Maloney has had plenty of time to build relationships in the places that matter and ensure his team do likewise. He has also focused on diversifying Lancashire's business so the group has more customers in a wider range of industries and is less exposed to particular sectors. The strategy has helped Lancashire to triple premium income over the past five years, doubling the number of products it offers and creating a larger and more resilient business. Annual results for 2023 suggest that Maloney is on the right track. Premium income rose 17 per cent to $1.9 billion (£1.5 billion), large claims fell from $329 million to $106 million and post-tax profits soared to $322 million. The final dividend rose 50 per cent to 15 cents (12p) and a special 50 cent (40.2p) dividend was declared, the second such payout in just a few months. RELATED ARTICLES Previous 1 Next MIDAS SHARE TIPS: Mitie by name - and it's mighty by nature Where early bird Isa investors put their cash: The top 10... Is it time to cash in on the GOLD RUSH? Mining stocks could... Where Experts Invest: Why fund manager Rory Stokes backs... SHARE THIS ARTICLE Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account Describing market conditions as the best in a decade, Maloney also announced a change in Lancashire's future dividend policy, increasing the annual ordinary dividend by 50 per cent to 22.5 cents. That is likely to be supplemented by at least one 50 cent special this year too, with payments translated into sterling for UK shareholders, even though Lancashire's results are in dollars, as the US currency dominates the complex insurance sector. Disasters such as the Baltimore bridge collapse are likely to push marine premiums higher and climate change is raising awareness across the business community of the need for cover against storms, droughts and other weather-related events. Rising interest rates have also boosted investment income and may continue to do so. As a dyed-in-the-wool insurance man, Maloney knows better than most that good times do not last forever but extending into different business areas should make Lancashire more resilient. Once the company focused on energy, marine, property and aviation. Today, no line of business accounts for more than 20 per cent of total premium income and the group is involved in areas including private jet insurance, regional hotel chains in America, even equipment used by charities overseas. Most employees own shares as well so they are motivated to deliver results. Midas verdict: Lancashire's premium income has more than doubled and profits have risen eight-fold. Yet the shares have fallen from £8.50 to £5.86, hit by fears about turmoil in the Middle East and war in Ukraine. These seem overdone, given that Lancashire is in the business of risk and has proved its mettle over many years. Decent dividends boost the stock's appeal. Buy and hold. Traded on: Main market Ticker: LRE Contact: lancashiregroup.com or 020 7264 4000 DIY INVESTING PLATFORMS |
Posted at 12/3/2024 08:25 by cwa1 Featured in the Questor column of The Telegraph today as a strong "hold"...This insurer proved its mettle and its special dividends are investors’ reward Questor share tip: Lancashire navigated low interest rates and natural disasters; now it can benefit from higher premiums as rivals drop out Russ Mould 11 March 2024 • 8:00pm Related Topics Insurance industry, Share tips, Natural disasters 59 It really has to be good for this Yorkshireman to extol the virtues of anything to do with Lancashire but last week’s full-year results from Lancashire Holdings, the Lloyd’s of London syndicate manager, appear to more than justify our faith in the stock since our tip in May 2021. We have needed plenty of patience, but the shares are trading at their highest level in more than three years. Strong price increases, higher investment returns (thanks in part to higher bond yields) and skilled underwriting in its specialist areas of insuring (and reinsuring) across aviation, property, marine and energy are all turning into healthy profits at the manager of the Lloyd’s 2010 and 3010 syndicates. Higher claims owing to natural disasters, higher repair costs thanks to inflation and higher costs of capital are all undeniable challenges for non-life insurers (and reinsurers) such as Lancashire. But this combination is also taking capacity out of the insurance market at a time when demand is increasing. As a result, for those players strong enough and smart enough to withstand the storm, headline insurance rates are rising, and savvy specialists such as Lancashire are achieving rapid premium growth as a result. Gross premiums written rose by 17pc in 2023, thanks to firm pricing and what chief executive Alex Maloney termed “the best market conditions we have seen for a decade”. Meanwhile, natural disasters in America, New Zealand and Turkey have not led to losses of any great substance relative to the company’s capital base or book of business. In 2023 net losses from catastrophe, weather and large loss events came to just $106m, down from $329m in 2022, when Hurricane Ian alone cost the company $181m. This is all helping to boost the “combined ratio”, a key measure of profitability for the industry. A combined ratio of less than 100pc means the insurer is in profit and a figure above it means the insurer is in loss. Higher interest rates, and costs of capital, have not just helped Lancashire by draining away supply from the market. They have driven up bond yields and provided the FTSE 250 company with a second tailwind in the form of higher returns on its $2.5bn investment portfolio. As a result of all these trends, profits have surged once more. After two fallow storm-and-war-tossed years, Lancashire has just made its highest profits for a decade. Consequently, the company is increasing its cash returns to shareholders. An increase in the final dividend to $0.15 from $0.10 in 2022, an interim dividend of $0.05 and two special dividends of $0.50 apiece take the total payment for 2023 to $1.15, or around 90p, enough for a 14.2pc yield at the current share price for anyone who bags all four payments. This marks a return to form for Lancashire, which had last paid a special dividend in 2018. But even though profits may be at a decade high, the share price is around a quarter below its record level. Perhaps this is because the dividend has yet to return to the record highs of more than a decade ago. Perhaps it is because investors simply do not believe the company can continue to generate the profits it is making, and dividends it is paying, at a time of ever-growing concern over war in eastern Europe and the Middle East, increased tension between the West and China, not least over Taiwan, and climate change. Yet Lancashire proved its skill during the very tough period of 2017-22 when interest rates were zero, investment returns minimal and catastrophe losses elevated. The company negotiated all those challenges and has begun to reap the benefits as demand rises at a time of crimped capacity, thanks to those very same fallow years. City analysts do expect further increases in profits, thanks to the growth in gross premiums written seen in the past two to three years, while the development of Lancashire’s American business is laying a path for further expansion. Nor should it be forgotten that Lancashire was incorporated nineteen years ago when it seemed as if the catastrophe insurance market was on its knees, in the wake of Hurricanes Katrina, Rita and Wilma. The decision to raise $1bn in capital and start to underwrite business paid off handsomely. The company has since declared more than 900p a share in dividends, including the final and the second special announced alongside the 2023 results, a figure that exceeds the current share price, so its long-term record stands up well. There is still much to like about Lancashire. Hold. Questor says: hold Ticker: LRE Share price at close: 634p |
Posted at 06/3/2024 08:32 by feddie Not clear why the share price is lower this morning. Was there an expectation of a larger special dividend? Was it a disappointment that the $50m buyback was not completed? No idea. |
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