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HAMILTON, Bermuda - Hiscox Ltd (LSE:LON:HSX), a global specialist insurer, conducted its Capital Markets Day today, presenting a comprehensive strategy aimed at delivering sustainable shareholder returns. The management team, including CEOs of the Group and Retail business units, the Group Chief Operations and Technology Officer, and the Group Chief Financial Officer, outlined plans for growth and efficiency improvements.
The insurer’s strategy focuses on leveraging its diversified business model and specialty market exposure to achieve attractive returns. Hiscox Retail aims to tap into a $317 billion target market with plans to double-digit premium growth by 2028. Growth is expected to be driven by deeper penetration into specialist sectors, distribution expansion, product innovation, and entry into new geographies.
In addition to growth initiatives, Hiscox plans to enhance its change agenda to unlock further growth, optimize expenses, and improve operating leverage. This is anticipated to yield an annualized profit and loss (P&L) benefit of $200 million from 2028 onwards, based on a 2024 baseline, with an associated cost of $200 million over the same period.
The company also aims to improve capital and balance sheet efficiency, targeting a Bermuda Solvency Capital Ratio range of 190%-200% and deploying leverage strategically to support growth ambitions.
Reflecting the company’s evolving structure and strategy confidence, the Board has set new guidance. This includes a mid-teens operating Return on Tangible Equity through the cycle and a 20% increase in the final Dividend per Share for full-year 2025, pending ratification. This follows a 15% rise in the ordinary dividend per share in 2024. Additionally, the policy for interim dividends will be to pay one-third of the prior year’s total ordinary dividend per share. Hiscox’s $175 million buyback program for 2025 is also ongoing.
No new material trading information was disclosed at the event. Presentation materials and a webcast link were made available on Hiscox’s corporate website, with a recording to be accessible later.
The information in this article is based on a press release statement from Hiscox Ltd.
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