Lancashire Holdings Limited · LSE:LRE
Lancashire — Q3 2024 Earnings Presentation
12 slides from Lancashire's earnings presentation, Nov 6, 2024
Slide 1: Investor Presentation: Q3 2024 Trading Statement
Investor Presentation: Q3 2024 Trading Statement I lancashiregroup.com
Slide 2: Safe harbour statements
Safe harbour statements NOTE REGARDING FORWARD-LOOKING STATEMENTS: CERTAIN STATEMENTS AND INDICATIVE PROJECTIONS (WHICH MAY INCLUDE MODELLED LOSS SCENARIOS) MADE IN THIS RELEASE OR OTHERWISE THAT ARE NOT BASED ON CURRENT OR HISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE INCLUDING, WITHOUT LIMITATION
Slide 3: Contents
Contents Q3 2024 summary Financial update Outlook Q3 2024 trading statement I lancashiregroup.com 3
Slide 4: Q3 2024 summary
Q3 2024 summary Q3 2024 trading statement I lancashiregroup.com 4
Slide 5: Q3 2024 summary
Q3 2024 summary • Gross premiums written increased by 9% year-on-year to $1.7 billion, with Group Renewal Price Index (RPI) of 102%. • Net losses relating to recent weather events expected to be $110 million to $140 million. • Total investment return of 5%, including unrealised gains and losses. • S
Slide 6: Continued focus on writing profitable business
Continued focus on writing profitable business Gross premiums written ($m) and cumulative RPI (%) for the first nine months: 2020 to 2024 145% 1,600.0 140% 1,400.0 • Reinsurance: New business in the property 135% and specialty classes were the most 1,200.0 significant driver of growth. 130% • RPI wa
Slide 7: Financial update
Financial update Q3 2024 trading statement I lancashiregroup.com 7
Slide 8: Financial update
Financial update • Insurance revenue increased by 16.8% year-on-year to $1.3 billion. • Estimated ultimate net losses incurred in respect of weather events in Q3 and hurricane Milton in Q4 (undiscounted, including reinstatement premiums) are expected to be within the range of $110 million to $140 mi
Slide 9: Investments: conservative portfolio structure – quality focus
Investments: conservative portfolio structure – quality focus Asset Allocation Credit Quality total investment portfolio and managed cash fixed maturities and managed cash Other government Private investment AA, 37% bonds and debt funds 3% 6% A, 24% US government bonds and agency debt 20% Average cr
Slide 10: Outlook
Outlook Q3 2024 trading statement I lancashiregroup.com 10
Slide 11: Outlook
Outlook • There is no change to our long-term strategy. Disciplined growth is important to balance returns over the longer term. This approach to growth will allow Lancashire to mitigate the weaker years through portfolio optimisation and we expect this to enhance returns over the cycle. • Our busin
Slide 12: Contacts
Contacts Investor Relations Media Jelena Bjelanovic Peter Krinks FTI Consulting Lancashire Holdings Limited Lancashire Holdings Limited 200 Aldersgate, 20 Fenchurch Street, 20 Fenchurch Street, Aldersgate Street, London, EC3M 3BY London, EC3M 3BY London, EC1A 4HD E Tom.Blackwell T +44 (0) 20 7264 40