Business
Half Yearly Report
Half Yearly Report.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \nRNS Number : 1704N Lancashire Holdings Limited 24 July 2014 \n \n\nLANCASHIRE HOLDINGS LIMITED\n \nGROWTH IN FULLY CONVERTED BOOK VALUE PER SHARE, ADJUSTED FOR\nDIVIDENDS, OF 2.4%IN Q2 2014, 6.4% YEAR TO DATE\nCOMBINED RATIO OF 74.6% IN Q2 2014, 70.6% YEAR TO DATE\nINTERIM DIVIDEND OF 5 CENTS PER COMMON SHARE\nFULLY CONVERTED BOOK VALUE PER SHARE OF $7.67 AS AT 30 JUNE 2014\n \n \n\n\n\n\n24 July 2014\n\n\n\n\nLondon, UK\n\n\n\n\n \n \nLancashire Holdings Limited (\"Lancashire\" or \"the Group\") today announces its results for the second quarter of 2014 and the six month period ended 30 June 2014.\n \nFinancial highlights \n\n\n\n\n\n\n\nAs at\n30 June 2014\n\n\nAs at\n30 June 2013\n\n\n\n\nFully converted book value per share\n\n\n$7.67\n\n\n$7.19\n\n\n\n\nReturn on equity* - Q2 \n\n\n2.4%\n\n\n2.0%\n\n\n\n\nReturn on equity* - YTD \n\n\n6.4%\n\n\n7.0%\n\n\n\n\nOperating return on average equity - Q2 \n\n\n2.9%\n\n\n4.3%\n\n\n\n\nOperating return on average equity - YTD \n\n\n7.0%\n\n\n8.5%\n\n\n\n\nInterim dividend per common share** \n\n\n$0.05\n\n\n$0.05\n\n\n\n\n\n\n\n\n\n\n \n* Return on equity is defined as growth in fully converted book value per share, adjusted for dividends.\n** See \"Dividends\" below for Record Date and Dividend Payment Date.\n \nFinancial highlights:\n\n\n\n\n\n\n\nThree months ended\n\n\nSix months ended\n\n\n \n\n\n\n\n\n\n\n30 June 2014\n\n\n30 June 2013\n\n\n30 June 2014\n\n\n30 June 2013\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nHighlights ($m)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGross premiums written\n\n\n318.4\n\n\n209.0\n\n\n635.1\n\n\n423.9\n\n\n \n\n\n\n\nNet premiums written \n\n\n290.5\n\n\n189.1\n\n\n494.9\n\n\n307.7\n\n\n \n\n\n\n\nProfit before tax\n\n\n41.5\n\n\n58.3\n\n\n98.9\n\n\n137.2\n\n\n \n\n\n\n\nProfit after tax***\n\n\n44.8\n\n\n56.2\n\n\n104.9\n\n\n134.1\n\n\n \n\n\n\n\nComprehensive income***\n\n\n51.6\n\n\n31.2\n\n\n115.1\n\n\n97.5\n\n\n \n\n\n\n\nNet operating profit***\n\n\n43.4\n\n\n54.2\n\n\n106.3\n\n\n121.5\n\n\n \n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nPer share data\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nDiluted earnings per share\n\n\n$0.23\n\n\n$0.30\n\n\n$0.53\n\n\n$0.7...