Business
Final Results - Replacement
Final Results - Replacement.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 8023B Lancashire Holdings Limited 24 February 2011 \n \n\nGENERAL TEXT AMENDMENT\n \nThe following amendments have been made to the \"Final Results\" announcement released on 21st February 2011 at 07.00 under RNS number 5497B:\n \nThe aggregate payment to shareholders resulting from the final dividend of $0.10 per common share should have read $15.2 million, not $9.4 million.\n \nThe aggregate payment to holders of share purchase warrants issued by the Company pursuant to the terms of the warrants should have read $3.7 million, not $2.3 million.\n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \n \n \n \n \n \nLANCASHIRE HOLDINGS LIMITED\n \nGROWTH IN FULLY CONVERTED BOOK VALUE PER SHARE, ADJUSTED FOR\nDIVIDENDS, OF 6.4% IN Q4, 23.3% IN 2010;\nCOMBINED RATIO OF 20.8% FOR Q4, 54.4% FOR 2010\nFINAL DIVIDEND OF 10.0 CENTS PER COMMON SHARE\nFULLY CONVERTED BOOK VALUE PER SHARE OF $7.57 AT 31 DECEMBER 2010\n \n \n21 February 2011\nHamilton, Bermuda\n \nLancashire Holdings Limited (\"Lancashire\" or \"the Group\") today announces its results for the fourth quarter of 2010 and the year ended 31 December 2010. \n \nFinancial highlights \n As at As at \n\n\n\n\n\n\n\n31 December 2010\n\n\n31 December 2009\n\n\n\n\n \nFully converted book value per share \n\n\n$7.57\n\n\n$7.41\n\n\n\n\nReturn on equity* - Q4 \n\n\n6.4%\n\n\n7.0%\n\n\n\n\nReturn on equity* - Year\n\n\n23.3%\n\n\n26.5%\n\n\n\n\nOperating return on equity - Q4 \n\n\n8.2%\n\n\n7.7%\n\n\n\n\nOperating return on equity - Year\n\n\n20.9%\n\n\n24.9%\n\n\n\n\nSpecial dividend per co...