Last 669.00 GBp
Change Today +4.50 / 0.68%
Volume 3.7M
LRE On Other Exchanges
Symbol
Exchange
London
OTC US
Berlin
As of 11:35 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

lancashire holdings ltd (LRE) Snapshot

Open
664.50 GBp
Previous Close
664.50 GBp
Day High
674.00 GBp
Day Low
661.00 GBp
52 Week High
04/29/13 - 823.69 GBp
52 Week Low
04/16/14 - 650.00 GBp
Market Cap
1.2B
Average Volume 10 Days
1.2M
EPS TTM
1.33 GBp
Shares Outstanding
183.2M
EX-Date
03/19/14
P/E TM
8.4x
Dividend
0.17 GBp
Dividend Yield
7.46%
Current Stock Chart for LANCASHIRE HOLDINGS LTD (LRE)

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lancashire holdings ltd (LRE) Details

Lancashire Holdings Limited, through its subsidiaries, provides specialty insurance and reinsurance products worldwide. The company underwrites risks within the property, energy, marine, and aviation, as well as terrorism and political risks segments. It offers coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; property reinsurance solutions, such as worldwide property catastrophe XOL and territorial specific retrocession; and aviation insurance solutions. The company also provides a range of coverages within marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder’s risks to high-profile accounts, cruise vessels, and liquid natural gas carriers. In addition, the company offers terrorism and political violence cover consisting of war and strike, riots, civil commotion, confiscation, expropriation, nationalization, deprivation, political violence, and currency inconvertibility/ non transfer, as well as provides contract frustration cover against sovereign and quasi sovereign entities. The company was founded in 2005 and is headquartered in London, United Kingdom.

Founded in 2005

lancashire holdings ltd (LRE) Top Compensated Officers

Founder, Group Chief Executive Officer, Execu...
Total Annual Compensation: $4.7M
Group Chief Financial Officer, Executive Dire...
Total Annual Compensation: $1.7M
Group Chief Underwriting Officer, Executive D...
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2013.

lancashire holdings ltd (LRE) Key Developments

Lancashire Holdings Limited Announces Management Changes

Lancashire Holdings Limited announced that Richard Brindle, the group's Chief Executive Officer has notified the Board of his retirement from the group and as a director with effect from the forthcoming AGM on April 30, 2014. Alex Maloney, currently the group's Chief Underwriting Officer and Chief Executive of the group's operating subsidiary in the UK, Lancashire Insurance Company (UK) Limited, will be appointed as Group Chief Executive Officer, subject to necessary regulatory approvals. Paul Gregory, currently Chief Underwriting Officer of Lancashire Insurance Company (UK) Limited, will be promoted to the role of Group Chief Underwriting Officer.

Lancashire Holdings Limited Declares Final and Special Dividend for the Year 2013, Payable on April 16, 2014

Lancashire Holdings Limited announced that its Board of Directors declared the payment of an ordinary dividend of $0.10 per common share and a special dividend of $0.20 per share to shareholders of record on 21 March 2014, with a settlement date of 16 April 2014. The ordinary dividend payable will be approximately $21.0 million and the special dividend payable will be approximately $42.0 million.

Lancashire Holdings Limited Reports Earnings Results for the Fourth Quarter and the Year Ended December 31, 2013

Lancashire Holdings Limited reported earnings results for the fourth quarter and the year ended December 31, 2013. For the quarter, the company reported return on equity was 3.7% and operating return on equity was 3.4% against return on equity of 3.1% and operating return on equity was 2.8% a year ago. Net premiums earned were $128.3 million against $100.7 million a year ago. Profit before tax was $55.2 million against $51.7 million a year ago. Profit after tax was $63 million against $52.4 million a year ago. Comprehensive income was $60.2 million or $0.31 diluted per share against $48.4 million or $0.28 diluted per share a year ago. Net operating profit was $51.5 million or $0.25 diluted per share against $43.6 million or $0.23 diluted per share a year ago. For the year, the company reported net premiums written were $557.6 million against $576.1 million a year ago. Net premiums earned were $568.1 million against $582.6 million a year ago. Total net revenues were $642.6 million against $639.6 million a year ago. Results of operating activities were $227 million against $251.3 million a year ago. Profit before tax was $218.1 million against $236.8 million a year ago. Profit attributable to equity shareholders of the company was $222.5 million or $1.17 diluted per share against $234.9 million or $1.29 diluted per share a year ago. Net cash flows from operating activities was $167.7 million, net purchase of property, plant and equipment was $0.1 million and purchase of fixed income securities was $1,282.7 million against net cash flows from operating activities of $193.3 million, net purchase of property, plant and equipment was $0.2 million and purchase of fixed income securities was $1,681.8 million a year ago. Return on equity was 18.9% and operating return on equity was 12.5% against return on equity of 16.7% and operating return on equity was 15.3% a year ago. As on date, fully converted book value per share was $7.50 against $7.83 per share a year ago.

 

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Industry Analysis

LRE

Industry Average

Valuation LRE Industry Range
Price/Earnings 9.6x
Price/Sales 3.2x
Price/Book 1.4x
Price/Cash Flow 9.2x
TEV/Sales 3.3x
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