BUZZ-UK's Hiscox rises on buyback announcement, strong FY 2024 results

Reuters

02-27

BUZZ-UK's Hiscox rises on buyback announcement, strong FY 2024 results

** Shares of insurer Hiscox Ltd HSX.L up as much as 6.2% at 1,188 pence; highest since September 2024

** Stock among top pct gainers on FTSE 100 index .FTSE

** Announces $175 million buyback, beginning today with an $87.5 million tranche to complete by Q3 2025

** Reports 3.7% growth in insurance contract written premium (ICWP) to $4.77 billion from $4.59 billion year over year

** Jefferies anticipates a positive reaction to FY 2024 results and buyback, assessing wildfire exposure as reasonable

** Stock up ~7.2 % over the 12 months

(Reporting by Judes Joseph in Bengaluru)

((judes.joseph@thomsonreuters.com;))

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