Hiscox Ltd · LSE:HSX
Hiscox — H1 2011 Earnings Presentation
44 slides from Hiscox's earnings presentation, August 2011
Slide 1: Hiscox Ltd Interim results for the six months ended 30 June 2011
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Slide 2: Most expensive year ever for the industry (after only six months)
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Slide 3: A tumultuous six months
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Slide 4: Financial performance
Mn HISCOX Financial performance
Slide 5: A challenging first half
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Slide 6: Segmental analysis
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Slide 7: Solid investment performance
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Slide 8: High quality and well diversified portfolio
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Slide 9: Portfolios - USD bond portfolio as at 30th June 2011
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Slide 10: Portfolios - GBP, EUR and CAD bond portfolios as at 30th June 2011
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Slide 11: Available capital decides risk limits
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Slide 12: Fascinating financial facts
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Slide 13: Underwriting
Mn HISCOX Underwriting
Slide 14: Unprecedented level of catastrophes and large individual losses
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Slide 15: Index level and catastrophes changing the market
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Slide 16: Catastrophe reinsurance rates increasing
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Slide 17: Total Group controlled premium June 2011: £979m
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Slide 18: Reinsurance protection: Aggregate vs. quota share
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Slide 19: Boxplot and whisker diagram of Hiscox Ltd net loss June 2011
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Slide 20: Business performance
Mn HISCOX Business performance
Slide 21: Discipline across the business
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Slide 22: Hiscox London Market: Strengthening despite catastrophes
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Slide 23: Hiscox UK and Hiscox Europe
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Slide 24: Hiscox UK and Hiscox Europe: Growing specialist products in local markets
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Slide 25: Hiscox International
eáëÅçñ=fåíÉêå~íáçå~ä √ eáëÅçñ=_ÉêãìÇ~ – eáí=Äó=Å~í~ëíêçéÜÉë – eÉ~äíÜÅ~êÉ=ÄìëáåÉëë=çå=íê~Åâ – ^äêÉ~Çó=ÄÉåÉÑáíáåÖ=Ñêçã=ê~íÉ=áåÅêÉ~ëÉë √ eáëÅçñ=dìÉêåëÉó – mêçÑáí=áãé~ÅíÉÇ=Äó=ä~êÖÉ=ÑáåÉ=~êí=äçëë=~åÇ=kçêíÜ=^ÑêáÅ~å= ìåêÉëí √ eáëÅçñ=rp^ – _ÉåÉÑáíáåÖ=Ñêçã=ä~ëí=óÉ~êÛë=êÉJÑçÅìë=çÑ=ÄìëáåÉëë= – ^ÜÉ~Ç=çÑ=éä~å= –
Slide 26: Summary and outlook
Mn HISCOX Summary and outlook
Slide 27: A resilient business
^=êÉëáäáÉåí=ÄìëáåÉëë • An unprecedented period of catastrophes • Strengthening reinsurance rates • Reinsurance protection in place for future events • Continued development of retail businesses • Prepared for any scenario OS
Slide 28: Appendices
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Slide 29: Geographic reach
dÉçÖê~éÜáÅ=êÉ~ÅÜ _ÉêãìÇ~ e~ãáäíçå bìêçéÉ rh ^ãëíÉêÇ~ã _áêãáåÖÜ~ã _çêÇÉ~ìñ `çäÅÜÉëíÉê _êìëëÉäë dä~ëÖçï `çäçÖåÉ iÉÉÇë aìÄäáå içåÇçå e~ãÄìêÖ j~áÇÉåÜÉ~Ç iáëÄçå j~åÅÜÉëíÉê ióçå j~ÇêáÇ rp^ jìåáÅÜ ^êãçåâ m~êáë ^íä~åí~ `ÜáÅ~Öç dìÉêåëÉó h~åë~ë=`áíó pí=mÉíÉê=mçêí içë=^åÖÉäÉë kÉï=vçêâ=`áíó i~íáå=^ãÉêáÅ~å= p~å=
Slide 30: Strategic focus
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Slide 31: A symbiotic relationship
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Slide 32: Total Group controlled premium June 2011: £979m
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Slide 33: Gross written premiums: long-term growth
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Slide 34: Hiscox Ltd results
eáëÅçñ=iíÇ=êÉëìäíë ¡MMM OMNM OMMV OMMU OMMT OMMS OMMR OMMQ dêçëë=éêÉãáìãë=ïêáííÉå NIQPOISTQ NIQPRIQMN NINQTIPSQ NINVUIVQV NINOSINSQ USNINTQ UNSISMV kÉí=éêÉãáìãë=ïêáííÉå NINPNISOT NINRTIMOP UVUIPVQ VTQIVNM VTRIPVT SUNIOPS TMQIMUR kÉí=éêÉãáìãë=É~êåÉÇ NINPNINRU NIMVUINMO VOUIMVR VSRINVM UUUIUOU SVPIOVV
Slide 35: Hiscox London Market rating index
index level % M NMM OMM PMM QMM RMM SMM TMM cÉÄMM=íç=g~åMN gìåMM=íç=j~óMN lÅíMM=íç=pÉéMN cÉÄMN=íç=g~åMO gìåMN=íç=j~óMO lÅíMN=íç=pÉéMO cÉÄMO=íç=g~åMP j~êáåÉ=~åÇ=ÉåÉêÖó gìåMO=íç=j~óMP lÅíMO=íç=pÉéMP cÉÄMP=íç=g~åMQ gìåMP=íç=j~óMQ mêçéÉêíó lÅíMP=íç=pÉéMQ cÉÄMQ=íç=g~åMR gìåMQ=íç=j~óMR lÅíMQ=íç=pÉéMR péÉÅ
Slide 36: Hiscox UK and Europe rating index
index level % M OM QM SM UM NMM NOM NQM NSM cÉÄJMM=íç=g~åJMN gìåJMM=íç=j~óJMN lÅíJMM=íç=pÉéJMN cÉÄJMN=íç=g~åJMO gìåJMN=íç=j~óJMO lÅíJMN=íç=pÉéJMO cÉÄJMO=íç=g~åJMP rh=ÅçããÉêÅá~ä=äáåÉë gìåJMO=íç=j~óJMP lÅíJMO=íç=pÉéJMP cÉÄJMP=íç=g~åJMQ gìåJMP=íç=j~óJMQ lÅíJMP=íç=pÉéJMQ cÉÄJMQ=íç=g~åJMR gìåJMQ=íç=j~óJM
Slide 37: Boxplot and whisker diagram of Hiscox Ltd net loss June 2011
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Slide 38: Boxplot and whisker diagram of Hiscox Ltd net loss December 2010
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Slide 39: Realistic disaster scenarios
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Slide 40: GWP geographical and currency split
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Slide 41: Group reinsurance security
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Slide 42: Reinsurance
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Slide 43: Glossary of terms
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Slide 44: Glossary of terms
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