Lancashire’s Board of Directors declared on 26 July 2022 an interim dividend of $0.05 (approximately £0.04) per common share, which will result in an aggregate payment of approximately $12.0 million. The dividend will be paid in Pounds Sterling on 2 September 2022 (the “Dividend Payment Date”) to shareholders of record on 5 August 2022 (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 34.6% year-on-year to $938.1 million
- Group RPI (Renewal Price Index) of 106%
- Excellent underwriting performance, with a combined ratio of 78.2%
- Profit before tax of $78.0 million
- Total net investment return of negative 3.8%, primarily driven by unrealised losses
