Hiscox on Thursday reported a 5.9% rise in gross premiums written for the first nine months of the year and confirmed plans to increase its final 2025 dividend by 20%.
The Bermuda-based specialist insurer said total premiums rose to $4.05 billion, up from $3.83 billion in the same period last year.
Growth was driven by its retail division, where premiums increased 7.3% to $2.01 billion, which the company said continues a multi-year trend of accelerating growth.
Hiscox said it is on track to deliver growth of more than 6% in its retail business for the full year.
"Capital generation remains strong in the third quarter, driven by the Group's diverse earnings profile, underwriting excellence and further benefiting from a benign weather and large loss experience," Chief Executive Officer Aki Hussain said in a statement.
The company's London Market and Re & ILS divisions also saw premium growth of 2.5% and 6.5%, respectively.
Hiscox also noted that its upsized $275 million share buyback program is about 65% complete.
The insurer reported an investment result of $350.8 million for the period, a year-to-date return of 4.2%.
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