(Alliance News) – Lancashire Holdings Ltd declared on Thursday that it is on track to publish annual results in line with its forecasts.
The Bermuda-based insurer in Hamilton reported that its gross written premiums decreased by 6.1% in the first quarter, reaching $668.4 million compared to $712.1 million a year earlier.
<p"Excluding the impact of reinsurance premiums related to the California wildfires, the underlying decrease in gross written premiums is only 1.2%," Lancashire specified.
Insurance income increased by 2.1%, rising from $458.9 million to $468.6 million.
Lancashire stated that it has only “limited exposure” to conflicts in the Middle East.
Chief Executive Alex Maloney stated: “Clearly, the period has been marked by significant geopolitical volatility, resulting in increased economic uncertainty. Lancashire’s exposure to current events in the Middle East is limited and aligns perfectly with our risk appetite.”
<p"Lancashire had a positive start to the year 2026, remaining true to its fundamental principle of active cycle management. Thanks to this strong first quarter, we are able to deliver results in line with our annual targets."
Lancashire’s shares rose 0.6% to 569.50 pence each in London on Thursday morning.
By Eric Cunha, Managing Editor at Alliance News
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