Business
3rd Quarter Results
3rd Quarter Results.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \nRNS Number : 9514F Lancashire Holdings Limited 01 November 2018 \n\nLANCASHIRE HOLDINGS LIMITED\n \nCHANGE IN FULLY CONVERTED BOOK VALUE PER SHARE, ADJUSTED FOR DIVIDENDS, OF (1.9)% IN Q3 2018 AND 3.9% YEAR TO DATE\nCOMBINED RATIO OF 135.2% IN Q3 2018 AND 86.9% YEAR TO DATE\nSPECIAL DIVIDEND OF $0.20 PER COMMON SHARE\nFULLY CONVERTED BOOK VALUE PER SHARE OF $5.54 AS AT 30 SEPTEMBER 2018\n \n1 November 2018\nLondon, UK\n \nLancashire Holdings Limited (\"Lancashire\" or \"the Group\") today announces its results for the third quarter of 2018 and the nine months ended 30 September 2018.\n \nFinancial highlights\n\n\n\n \n\n\n30 September 2018\n\n\n30 September 2017\n\n\n\n\nFully converted book value per share\n\n\n$5.54\n\n\n \n\n\n$5.53\n\n\n \n\n\n\n\nReturn on equity1 - Q3\n\n\n(1.9\n\n\n)%\n\n\n(10.4\n\n\n)%\n\n\n\n\nReturn on equity1- YTD\n\n\n3.9\n\n\n%\n\n\n(5.1\n\n\n)%\n\n\n\n\nReturn on tangible equity2 - Q3\n\n\n(2.2\n\n\n)%\n\n\n(11.9\n\n\n)%\n\n\n\n\nReturn on tangible equity2 - YTD\n\n\n4.5\n\n\n%\n\n\n(5.8\n\n\n)%\n\n\n\n\nOperating return on average equity - Q3\n\n\n(2.2\n\n\n)%\n\n\n(11.6\n\n\n)%\n\n\n\n\nOperating return on average equity - YTD\n\n\n4.8\n\n\n%\n\n\n(7.0\n\n\n)%\n\n\n\n\nSpecial dividend per common share3\n\n\n$0.20\n\n\n \n\n\n-\n\n\n \n\n\n\n1 Return on equity is defined as the change in fully converted book value per share, adjusted for dividends.\n2 Return on tangible equity excludes goodwill and other intangible assets.\n3 See \"Dividends\" below for Record Date and Dividend Payment Date.\n \n\n\n\n \n\n\nThree months ended\n\n\nNine months ended\n\n\n\n\n \n\n\n30 September 2018\n\n\n30 September 2017\n\n\n30 September 2018\n\n\n30 September 2017\n\n\n\n\nHighlights ($m)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGross premiums written\n\n\n115.2\n\n\n \n\n\n143.0\n\n\n \n\n\n507.7\n\n\n \n\n\n524.2\n\n\n \n\n\n\n\nNet premiums written\n\n\n86.3\n\n\n \n\n\n106.1\n\n\n \n\n\n320.3\n\n\n \n\n\n345.9\n\n\n \n\n\n\n\n(Loss) profit before tax\n\n\n(25.3\n\n\n)\n\n\n(136.4\n\n\n)\n\n\n49.6\n\n\n \n\n\n(69.7\n\n\n)\n\n\n\n\n(Loss) profit after tax1\n\n\n(24.2\n\n\n)\n\n\n(134.2\n\n\n)\n\n\n51.6\n\n\n \n\n\n(65.7\n\n\n)\n\n\n\n\nComprehensive ...