Lancashire’s Board of Directors declared on 27 July 2021 an interim dividend of $0.05 (approximately £0.04) per common share, which will result in an aggregate payment of approximately $12.2 million. The dividend will be paid in Pounds Sterling on 3 September 2021 (the “Dividend Payment Date”) to shareholders of record on 6 August 2021 (the “Record Date”) using the £ / $ spot market exchange rate at 12 noon London time on the Record Date.
Shareholders interested in participating in the dividend reinvestment plan (“DRIP”), or other services including international payment, are encouraged to contact the Group’s registrars, Link Asset Services, for more details.
Other financial highlights include:
- Gross premiums written increased by 40.7% year on year to $697.2 million, with a positive renewal price index of 111%.
- Excellent underwriting performance, with a combined ratio of 80.7% (or 65.7% excluding Winter Storm Uri).
- Further hiring of new teams, continuing to build out Lancashire’s book of business.
- Successful long-term debt refinancing in the first half of 2021.