(Alliance News) – Lancashire Holdings Ltd said on Thursday it was on track to publish annual results in line with its forecasts.
The Hamilton, Bermuda-based insurer said its gross written premiums fell 6.1% in the first quarter to $668.4 million from $712.1 million a year earlier.
‘Excluding the impact of reinstatement premiums linked to the California wildfires, the underlying decline in gross written premiums is only 1.2%,’ Lancashire said.
Insurance revenues increased by 2.1%, from USD 458.9 million to USD 468.6 million.
Lancashire said it had only ‘limited exposure’ to the conflict in the Middle East.
Chief executive Alex Maloney said: ‘Clearly, the period has been marked by very high geopolitical volatility, leading to increased economic uncertainty. Lancashire’s exposure to current events in the Middle East is limited and fits well with our risk appetite.’
‘Lancashire has had a positive start to 2026, remaining true to its fundamental principle of active cycle management. Thanks to this solid first quarter, we are able to deliver results in line with our annual objectives.’
Lancashire shares fell 0.6% to 569.50 pence each in London on Thursday morning.
By Eric Cunha, Editor-in-Chief of Alliance News
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