11 December 2017

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Lancashire profits hold firm despite Q4 cat losses

16 February 2017

Lancashire's fourth quarter 2016 pre-tax profits remained steady at $50.9mn, compared with $50.2mn in the prior-year period, despite a number of mid-sized cats that drove up the carrier's combined ratio.

Profits after tax were marginally down, by 6 percent to $51.1mn in the fourth quarter, while gross written premiums were down only 2 percent, at $95.1mn, compared with Q4 2015.

The carrier's combined ratio deteriorated by 11.9 percentage points, to 79 percent, in the fourth quarter of 2016, while the...


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