BUZZ-UK's Hiscox rises on buyback announcement, strong FY 2024 results
ReutersFeb 27, 2025 3:23 PM
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
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