Hiscox Ltd (HSX) Earnings Call Transcripts

Hiscox Ltd's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Hiscox Ltd reported a strong performance with an increase in Insurance Contracted Written Premiums (ICWP) by 10.2% to over $1.7 billion, driven by growth across all retail markets. The company maintained its full-year guidance with a retail premium growth of 8% in constant currency. However, the investment result showed a decline with unrealized losses on fixed income securities totaling $69.6 million, which may raise concerns among investors about the impact on future earnings.

Reported metrics

Guidance from management

Hiscox maintained its full-year guidance for retail premium growth at 8% in constant currency, with a positive outlook for 2026 driven by ongoing growth initiatives and AI implementation.

What management said

No, but I think it's a useful addition. So look, I think if you think about the market for that premium in aggregate is pretty small. So you shouldn't expect our top line to increase by hundreds of millions. This is more like a tens of millions addition to the top line at sort of full power, let's say.

Yes. Thank you. So look, on Retail and just the rates, you can see, I think in contrast see the big-ticket business is that what's pleasing is the retail rates in positive territory at plus 2. I think what I'd sort of say is that if you look at the business that we write, the large element is very much focused on that smaller micro end. It's just not as rate dependent as, let's say, the bigger ticket business that is...

What analysts pressed on

Analysts expressed concerns regarding the impact of unrealized investment losses on future earnings and the potential for increased claims related to the Middle East conflict. There were also questions about the adequacy of rates in the London Market and the sustainability of growth in the U.S. amid competitive pressures.

Main topics on the call

• Strong Retail Growth — Hiscox's Retail segment saw premiums grow by 8% in constant currency, aligning with full-year guidance. CFO Paul Cooper stated, "the Retail business really is the growth engine," highlighting broad-based growth across ma...
• Investment Performance Concerns — The investment result was reported at $34.1 million, with significant unrealized losses of $69.6 million on fixed income securities. This raises questions about the sustainability of investment returns moving forward.
• Middle East Conflict Exposure — Management noted limited claims from the ongoing Middle East conflict, stating, "actual notifications are pretty limited at this stage." However, they acknowledged potential for future losses as the situation evolves.
• AI Implementation Progress — Hiscox is advancing its AI initiatives, with a group-wide literacy program and AI agents improving customer interactions. This is expected to enhance efficiency and customer satisfaction, contributing to the $75 million ...

Read the full Hiscox Ltd transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 25 Hiscox Ltd earnings call transcripts on record, spanning March 2, 2020 to August 5, 2026. Based on this history, Hiscox Ltd reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HSX

Exchange

LSE

Country

GB

Sector

Financials

Industry

Insurance

Calls on record

25

First call

March 2, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly