Lancashire Holdings Restricted (OTCPK:LCSHF) Q3 2024 Earnings Convention Name November 6, 2024 8:00 AM ET
Firm Individuals
Alex Maloney – Group CEONatalie Kershaw – Group CFOPaul Gregory – Group Chief Underwriting Officer and LCM CEO
Convention Name Individuals
Kamran Hossain – JPMorganAnthony Younger – Goldman SachsAndreas van Embden – Peel HuntNick Johnson – Deutsche NumisAbid Hussain – Panmure Liberum
Operator
Hey, and welcome to the Lancashire Third Quarter 2024 Buying and selling Replace Convention Name.
The audio system right now shall be Alex Maloney, Group CEO; Natalie Kershaw, Group CFO; and Paul Gregory, Group Chief Underwriting Officer.
I’ll now flip over the decision to Alex. Please go forward.
Alex Maloney
Good afternoon, everybody. Thanks for becoming a member of our name right now. As at all times, I am going to simply give some transient highlights of the progress we have made thus far this yr and the priorities for our enterprise, Paul will then concentrate on the underwriting developments, Natalie will cowl the financials after which we’ll go to Q&A.
It has been a powerful 9 months for Lancashire. The standard of the enterprise now we have constructed and the expertise now we have inside our group collectively imply that we proceed to ship on our technique of delivering extra sustainable returns for our shareholders.
With stronger earnings, we’re in a position to announce one other particular dividend of $0.75 a share and nonetheless remaining extraordinarily well-capitalized to fund the expansion alternatives we see into 2025.
The buying and selling situations in underwriting stay favorable. And as such, now we have grown forward of [Audio Gap] proper once more at 9%. However as many trade commentators have already identified, this yr is seeing a heightened loss setting. While Lancashire is just not immune to those occasions, on this context, I am happy to say that Lancashire’s exposures are very manageable.
At the moment now we have supplied a variety for
