Uncategorised
Hiscox 1Q26 trading statement
Posted 07/05/2026 – Uncategorised
Hiscox plc has released its trading statement for 1Q26 ending 31st March 2026
Group headline figures
- Group insurance contract written premiums (ICWP) increased by 10.2% to $1,717.1m (Q1 2025: $1,558.0m)
- Investment return of $34.1m or a return of 0.4% year to date.
- Loss experience in Q1 has been within expectations as a benign natural catastrophe environment has offset the impact of the Middle East conflict.
Aki Hussain, Chief Executive Officer, Hiscox Ltd, commented:
“Hiscox is building on strong momentum delivered in 2025, through capturing diverse, high-quality growth opportunities across each of our businesses. Hiscox Retail growth accelerated to 8.0%, as initiatives to broaden distribution, increase penetration in specialist niches, and expand specialty expertise into new markets continue to gain strong momentum. In big-ticket, we are proactively managing the softening cycle, while achieving growth through new business initiatives and in selected existing lines where conditions are more favourable. With our sharp focus on profitable growth and good progress on the change programme objectives, the outlook for 2026 is positive.”
Divisional headline figures
| Insurance written premiums 1Q26 ($m) | Insurance written premiums 1Q25 ($m) | Percentage premium change in $ (%) | Percentage premium change in constant currency (%) | |
| Hiscox Retail | 847.2 | 736.1 | 15.1 | 8.0 |
| Hiscox London Market | 342.8 | 329.7 | 4.0 | 4.0 |
| Hiscox Re & ILS | 527.1 | 492.2 | 7.1 | 7.1 |
| Total | 1,717.1 | 1,558.0 | 10.2 | 6.9 |
Alpha Comment
Alpha members support syndicate 33 and SPA 6104 which underwrite through Hiscox London Market and Hiscox Re & ILS divisions respectively. Both divisions reported growth in the first quarter despite rates softening in almost all areas. The London Market division experienced a rate decrease of -4% and is now reporting a cumulative rate increase of +60% since 2018. Property business is very competitive with double digit rate decreases and Hiscox is non-renewing business now considered to be underpriced. The launch of the new Hiscox Portfolio Solutions division is helping to access new distribution opportunities. The Hiscox Re & ILS division experienced a rate decrease of -13% and is now reporting a cumulative rate increase of +65% since 2018. The updated syndicate forecasts for the 2024 and 2025 years of account for 33 and 6104 as at 31st March 2026 should be published shortly.
