lancashire holdings ltd (LCSHF:OTC US)
lancashire holdings ltd (LCSHF) Key Developments
Lancashire Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's net premiums written was $118.6 million compared to $132.1 million a year ago. Total net revenue was $154.1 million compared to $157.4 million a year ago. Results of operating activities was $82.1 million compared to $49.2 million a year ago. Profit before tax was $78.9 million compared to $46.5 million a year ago. Profit attributable to equity shareholders was $77.9 million or $0.42 per diluted share compared to $45.2 million or $0.25 per diluted share a year ago. Net cash flows from operating activities was $7.0 million compared to $49.1 million a year ago. Fully converted book value per share as on March 31, 2013 was $7.05 compared to $7.78 a year ago. Return on equity was 4.7% compared to 3.4% a year ago. Operating return on average equity was 4.7% compared to 3.2% a year ago. Net operating profit was $67.3 million compared to $42.9 million a year ago. Diluted earnings per share - operating was $0.36 compared to $0.24 a year ago. For the fiscal year 2013, the company expects gross and net premiums written to be a bit behind last year.
Lancashire Holdings Limited, Q1 2013 Earnings Call, May 02, 2013
Lancashire Holdings Limited, Annual General Meeting, May 01, 2013., at 13:30 GMT Standard Time. Location: Level 11, Vitro, 60 Fenchurch Street.
Lancashire Holdings Limited confirmed that Simon Fascione will be leaving the company after six years to pursue other opportunities.
Lancashire Holdings Limited announced the appointment of Samantha Hoe-Richardson as a non-executive director. The appointment was made on 20 February 2013. Samantha is Head of Sustainable Development & Energy for Anglo American plc.
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Industry Analysis
LCSHF
Industry Average
| Valuation | LCSHF | Industry Range |
| Price/Earnings | 8.5x |
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| Price/Sales | 3.2x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | 7.6x |
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| TEV/Sales | 3.2x |
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