News Column

Lancashire results disappointing

February 14, 2014

Shares in insurer Lancashire Holdings took a tumble yesterday after it announced disappointing results for 2013. The group recorded a pre-tax profit of $218.1m, down from $236.8m the year before. Despite this, total net revenue rose to $642.6m from $639.6m in 2012 but this was offset by higher insurance losses. Group chief executive Richard Brindle said: "2013 has seen the most dramatic changes in our history. While it might be an exaggeration to say that we relish the prospect of the coming year, we don't mind hard work."

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: City A.M. (UK)

Story Tools