Lancashire Holdings announces that its Board of Directors has declared a final dividend for 2020 of $0.10 (approximately £0.08) per common share, subject to a shareholder vote of approval at the AGM to be held on 28 April 2021, which will result in an aggregate payment of approximately $24.4 million. On the basis that the final dividend is approved by shareholders at the AGM, the dividend will be paid in Pounds Sterling on 4 June 2021 (the “Dividend Payment Date”) to shareholders of record on 7 May 2021 (the “Record Date”) using the £ / $ spot market exchange rate at 12 noon London time on the Record Date.
Other financial highlights include:
- Gross premiums written increased by 15.2% year on year to $814.1 million.
- Group RPI (Renewal Price Index) of 112% for the year.
- Combined ratio of 107.8%, including the impact of COVID-19.
- Year to date total investment return, including unrealised gains and losses, of 3.9%.