Added to YB: 2026-03-10
Pitch date: 2026-03-06
LRE.L [neutral]
Lancashire Holdings Limited
+2.03%
current return
Author Info
No bio for this author
Company Info
Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia.
Market Cap
GBP 1.9B
Pitch Price
GBP 5.92
Price Target
N/A
Dividend
15.30%
EV/EBITDA
5.35
P/E
6.84
EV/Sales
1.19
Sector
Insurance
Category
dividend
Theodosian Capital | Stocks Update 6/3/2026 - LRE – Mixed FY results
LRE.L (earnings): FY25 GWP +5% to $2.3bn but combined ratio deteriorated to 83.7% from 80.0% on $33m Ukraine provision top-up, missing estimates. Investment return improved to 7% vs 5% in 2024. BVPS flat at 601c despite $1.225/share dividends paid. BSCR 240% vs 170% target. Mgmt guides stable 2026 topline, high-teens ROE. Trades 7.2x 2027 EPS, 11.8% yield per Bloomberg. Strong capital buffer supports continued shareholder distributions despite uncertain environment.
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