Lancashire Holdings Ltd (LSE:LRE)
£ 6.21 0.07 (1.14%) Market Cap: 1.48 Bil Enterprise Value: 1.26 Bil PE Ratio: 5.95 PB Ratio: 1.25 GF Score: 80/100
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Q2 2019 Lancashire Holdings Ltd Earnings Call Transcript

Jul 25, 2019 / 12:00PM GMT
Release Date Price: £7.11 (+1.86%)
Operator

Hello and welcome to the Lancashire Holdings Limited First Half 2019 Results. Throughout the call, all participants will be in a listen-only mode and afterwards there will be a question-and-answer session. Please note this call is being recorded. Today, I'm pleased to present Alex Maloney, Group CEO, please begin your meeting.

Alexander Terence Maloney
Lancashire Holdings Limited - Group CEO & Director

Okay. Thank you. Good morning, everyone. I'm pleased to report a strong set of results for the first 6 months of 2019. Our return on equity of 6.9%, with a combined ratio of 86.6% demonstrates our underwriting and investment strategies continue to deliver sensible risk adjusted shareholder returns during a period of change in our industry. Our year-to-date return on equity is marginally higher than the corresponding periods for both 2017 and 2018, which makes sense to us. Our results are on track and where we thought they would be, albeit with a slightly different blend of investment and underwriting returns. Our investment returns are higher than the

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