Hiscox Outlines Growth Strategy at Capital Markets Day
Why we think this is neutral
This RNS announcement provides a general business update and details on Hiscox's capital markets day, but does not contain any specific news related to contracts, orders, trading, financing, funding, results, asset sales, or other key business metrics. As such, the sentiment is assessed as neutral, as the announcement does not contain any major positive or negative information.
Key Points
- Hiscox outlines strategy to deliver attractive and sustainable returns for shareholders
- Plans to accelerate growth in Retail business to double-digit by 2028
- Targeting $200 million annualised P&L benefit by 2028 through operational efficiency initiatives
- Introducing Bermuda Solvency Capital Ratio target range of 190%-200%
- Guidance for mid-teens operating Return on Tangible Equity and 20% step-up in final Dividend per Share
Summary
The insurance group outlines its strategy to deliver sustainable returns, including plans to accelerate growth in its retail business and enhance operational efficiency.
Hiscox Ltd, the international specialist insurer, has hosted a Capital Markets Day for investors and analysts. The event featured presentations from the Group and Retail business unit Chief Executive Officers, Group Chief Operations and Technology Officer and Group Chief Financial Officer. Key highlights include:
- Details on the Group's strategy to deliver attractive and sustainable returns through its diversified business model and specialist technical capabilities.
- A deep dive into the Hiscox Retail strategy, including plans to accelerate premium growth to double-digit by 2028 through expanding into new sectors and geographies.
- An acceleration and enhancement of the ongoing change agenda to unlock growth, optimise expense efficiency and enhance operating leverage, targeting an annualised P&L benefit of $200 million by 2028.
- Plans to drive capital and balance sheet efficiency, including introducing a Bermuda Solvency Capital Ratio target range of 190%-200%.
- Guidance for a mid-teens operating Return on Tangible Equity through the cycle and a 20% step-up in the final Dividend per Share at full-year 2025.
Key Dates
22 May 2025
Hiscox Capital Markets Day
2028
Hiscox targets double-digit premium growth in Retail business
2028
Hiscox targets $200 million annualised P&L benefit from operational efficiency initiatives
31 December 2025
Hiscox to implement 20% step-up in final Dividend per Share
GENERAL UPDATE