25th Feb 2026 09:16
(Alliance News) - Hiscox Ltd on Wednesday said it will buyback up to USD300 million in shares as it reported higher earnings for 2025.
The Bermuda-based insurance provider said the share buyback programme will start today with an initial tranche of USD150 million to be completed by the end of the third quarter of 2026.
Hiscox said Peel Hunt LLP will conduct the first tranche of the buyback programme.
The firm said insurance revenue climbed 4.5% to USD4.88 billion in 2025 from USD4.67 billion a year prior. Profit before tax was up 6.9% at USD732.7 million from USD685.4 million, while diluted earnings per share fell 1.7% to 175.0 cents from 178.1 cents.
The insurance service result was 11% higher at USD613.9 million from USD553.5 million, while the investment result grew 15% to USD442.7 million from USD383.9 million.
Hiscox increased its final dividend by 20% to 35.9 cents per share from 29.9 cents a year prior. The total dividend for the year was up 17% at 50.3 cents from 43.1 cents.
"2025 was a pivotal year for Hiscox as we delivered another strong performance and made excellent progress in executing our growth and change strategy. In Hiscox Retail, we have achieved multi-year growth and margin expansion through new products, deeper distribution, the deployment of new technologies and execution of our change programme," said Chief Executive Officer Aki Hussain.
"Our retail markets present a large and attractive opportunity with a long runway of growth on which we are executing at pace. In big-ticket, our specialist expertise and technology capabilities have enabled us to launch new business initiatives, more than offsetting the dynamics of our cycle management actions. We are executing on our strategic agenda, and our commitment to underwriting excellence remains at the core."
Looking ahead, Hiscox said it expects momentum to "continue to build through the year" at Hiscox Retail, with insurance contract written premium growth accelerating to 8.0% in 2026 in constant currency from 5.9% in 2025.
The firm said it is on track for double-digit growth in Hiscox Retail in 2028.
"These are exciting times at Hiscox. The momentum we have generated over recent years, together with the pace, energy and innovation of my colleagues, sets us up strongly to deliver our strategic ambitions and seize the vast specialty opportunities in front of us," CEO Hussain added.
Shares in Hiscox were up 5.2% at 1,538.00 pence on Wednesday morning in London.
By Michael Hennessey, Alliance News reporter
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