Hiscox Ltd has reported insurance contract written premium of approximately £2.2bn for H1 2025. This was up from the £2.1bn reported for the same period last year. It said profit before tax was £207m, down from £212m in H1 2024. The undiscounted group combined ratio deteriorated from 90.4% (H1 2024) to 92.6% (H1 2025).

Aki Hussain, group chief executive officer at Hiscox Ltd, said: “We have delivered a strong performance in the first half with profitable growth in each of our businesses. In Retail, growth momentum has continued in line with our expectations and we are expanding margins.

“The benefits of our diversified business model and the quality of our underwriting ecosystem are reflected in our Group results. The industry experienced the largest wildfire insurance event in history, despite this we achieved a strong operating ROTE [return on tangible equity] of 14.5%.”