NICK JOHNSON NUMIS
These are good results that demonstrate Hiscox's proven ability to prosper in favourable underwriting conditions. After a strong recent run we think the shares are fairly valued.
JOY FERNEYHOUGH ESPIRITO SANTO
Hiscox has reported a very strong set of results. The profitable growth of the business translates into attractive upside for investors even if the share price tracks tangible book value growth from here.
MARCUS BARNARD ORIEL
Profit before tax of £125.8m compares to consensus expectation of £109m and gross written premiums increased seven per cent to £906.4m from £847.5m. We maintain our ADD recommendation.