Hiscox Q1 Premiums Rise 10% on Strong Retail Growth

Hiscox Reports Strong Q1 Premium Growth

Hiscox Ltd announced a 10% increase in insurance contract written premiums for the first quarter of 2026, reaching $1,717.1 million. On a constant currency basis, the growth was 7%, signaling a solid start to the year for the global specialist insurer.

Divisional Performance Highlights

The retail division was a key driver, with premiums expanding by 15% to $847.2 million. This growth was widespread across major markets, with Hiscox UK up 17%, Hiscox Europe rising 20%, and Hiscox USA recording a 9% increase.

The London Market business saw a 4% premium increase to $342.8 million, propelled by supportive rates in casualty lines. Meanwhile, the Re & ILS division grew gross written premiums by 7%, although net premiums declined by 6% due to reduced net exposure in property catastrophe lines.

Market Rates and Investment Returns

Rate changes showed a mixed picture across the group. The retail segment posted rate increases of 2%, while the London Market and Re & ILS divisions experienced rate decreases of 4% and 13%, respectively. The company's investment portfolio of $9.3 billion generated a positive return of $34.1 million, or 0.4% year-to-date.

Summary and Outlook

Hiscox's first-quarter results demonstrate robust growth, particularly in its retail segment, despite varied rate environments across its business lines. The positive investment result further strengthens the company's financial position heading into the rest of the year.

FAQ

Q: What was the main driver of Hiscox's premium growth in Q1 2026?
A: The primary driver was the retail division, which saw premiums grow by 15% to $847.2 million, with strong performance in the UK, Europe, and the USA.

Q: How did investment assets perform during the quarter?
A: Hiscox's invested assets of $9.3 billion yielded a positive investment result of $34.1 million, representing a 0.4% return for the period.

Source: Investing.com