Lancashire Holdings Limited (OTCPK:LCSHF) Q3 2024 Earnings Conference Call November 6, 2024 8:00 AM ET
Company Participants
Alex Maloney – Group CEO
Natalie Kershaw – Group CFO
Paul Gregory – Group Chief Underwriting Officer and LCM CEO
Conference Call Participants
Kamran Hossain – JPMorgan
Anthony Young – Goldman Sachs
Andreas van Embden – Peel Hunt
Nick Johnson – Deutsche Numis
Abid Hussain – Panmure Liberum
Operator
Hello, and welcome to the Lancashire Third Quarter 2024 Trading Update Conference Call.
The speakers today will be Alex Maloney, Group CEO; Natalie Kershaw, Group CFO; and Paul Gregory, Group Chief Underwriting Officer.
I’ll now turn over the call to Alex. Please go ahead.
Alex Maloney
Good afternoon, everyone. Thank you for joining our call today. As always, I’ll just give some brief highlights of the progress we’ve made so far this year and the priorities for our business, Paul will then focus on the underwriting trends, Natalie will cover the financials and then we’ll go to Q&A.
It’s been a strong nine months for Lancashire. The quality of the business we have built and the talent we have within our organization together mean that we continue to deliver on our strategy of delivering more sustainable returns for our shareholders.
With stronger earnings, we’re able to announce another special dividend of $0.75 a share and still remaining extremely well-capitalized to fund the growth opportunities we see into 2025.
The trading conditions in underwriting remain favorable. And as such, we have grown ahead of [Audio Gap] right again at 9%. But as many industry commentators have already pointed out, this year is seeing a heightened loss environment. Whilst Lancashire is not immune to these events, in this context, I’m pleased to say that Lancashire’s exposures are very manageable.
Today we have provided a range for
