Lancashire Holdings shrugs off US$140m weather losses and announces special dividend
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Lancashire Holdings Ltd announced a special dividend and expects strong underwriting performance despite significant weather-related losses. The company estimates net losses from recent hurricanes and storms to be between $110 million and $140 million.
November 06, 2024 | 10:45 am
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Lancashire Holdings Ltd announced a special dividend and expects strong underwriting performance despite significant weather-related losses. The company estimates net losses from recent hurricanes and storms to be between $110 million and $140 million.
The announcement of a special dividend is a positive signal to investors, indicating confidence in financial stability despite the weather-related losses. The company's expectation of strong underwriting performance further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100