Hiscox Re & ILS, which includes the global insurer’s reinsurance operations in London and Bermuda as well as its insurance-linked securities (ILS) business, reported insurance contract written premiums (ICWP) of $525.6 million for the first nine months to 30 September 2025, up from $491 million in the same period of 2024.
“While rates have reduced by 5% over the first nine months, reflecting increased competition in property, the portfolio remains well-rated, with cumulative rate increases of 83% since 2018. Attachment points and terms and conditions have broadly held firm during the year,” Hiscox said.
Meanwhile, ILS assets under management were $1.3 billion at 30 September 2025, slightly down from the corresponding period of 2024, following planned returns of capital to ongoing investors.
Hiscox noted that looking ahead, there is a strong pipeline of future potential investors.
Group-wide, Hiscox’s rose by 5.9% to $4.05 billion for the first nine months of 2025, up from $3.83 billion in the same period of 2024.
This occurred as the diversified business captured high-quality opportunities across all segments.
Notably, Hiscox Retail is said to be on track to deliver constant currency growth in excess of 6% for the year, as distribution momentum builds across Retail, investment in customer proposition development and brand fuel growth and the implementation of new technology improves productivity and access to market.
Hiscox’s investment result for the first nine months of 2025 was $350.8 million, up from the same period of 2024 and representing a year-to-date return of 4.2%.
The firm said this was driven by the continued earnings of coupon and cash income.
“Both government bond yields and credit spreads tightened in the third quarter, leading to some mark-to-market gains on the fixed income portfolio,” Hiscox added.
Aki Hussain, Chief Executive Officer, Hiscox, commented, “Our diversified business model and distribution platforms provide access to growing markets in Retail and attractive high-quality growth opportunities in big-ticket.
“The Hiscox Group continues to successfully execute its strategy, capturing these opportunities with market-leading products and excellence in customer service, underpinned by our specialist expertise.
In big-ticket, we are managing the cycle with our customary discipline as competition increases in some classes of business. In Retail, our multi-year growth and margin expansion continue, as we deliver compounding growth through the cycle.
“We are on track to deliver accelerated Retail growth in excess of 6% for the year. Capital generation remains strong in the third quarter, driven by the Group’s diverse earnings profile, underwriting excellence, and further benefiting from a benign weather and large loss experience.”
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