Syndicates 33 and 6104 – results and estimates

2nd March 2015

Hamilton, Bermuda (2 March 2015) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the final results for Syndicate 33 and Syndicate 6104’s 2012 account. It also announces the current estimates for Syndicate 33 and Syndicate 6104’s 2013 and 2014 accounts.

The results for 2012 expressed as a percentage of capacity, are as follows:

Syndicate Year of account Closing result Previous estimate Capacity Hiscox share
33 2012 16.8% 10.0% to 17.5% £950m 73%
6104 2012 39.0% 30.0% to 40.0% £39m 0%

The estimates for 2013 and 2014, expressed as a percentage of capacity, are as follows:

Syndicate Year of account Current estimate Previous estimate Capacity Hiscox share
33 2013 0.0% to 10.0% 0.0% to 10.0% £950m 73%
33 2014 0.0% to 10.0% N/A £1,000m 73%
6104 2013 35.0% to 45.0% 35.0% to 45.0% £66m 0%
6104 2014 15.0% to 25.0% N/A £72m 0%

ENDS

For further information:

Hiscox Ltd
Jeremy Pinchin, Group Company Secretary +1 441 278 8300
Kylie O’Connor, Head of Group Communications, London +44 (0) 20 7448 6656
 
Brunswick  
Tom Burns +44 (0) 20 7404 5959

Notes to editors:

1. The Syndicates’ results and estimates are after standard personal expenses, such as Managing Agent fees and profit commission and all charges levied directly on syndicates by Lloyd's, but before Members Agents' charges.

2. Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting divisions in the Group - Hiscox Retail (which includes Hiscox UK and Europe, Hiscox Guernsey, Hiscox USA and subsidiary brand, DirectAsia), Hiscox London Market and Hiscox Re. Through its retail businesses in the UK, Europe and the US Hiscox offers a range of specialist insurance for professionals and business customers, as well as homeowners. Hiscox underwrites internationally traded, bigger ticket business and reinsurance through Hiscox London Market and Hiscox Re.

For further information, visit www.hiscoxgroup.com.


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