May 05, 2022 / 08:00AM GMT
Liz Breeze - Hiscox Ltd - Interim Group CFO
Good morning, and thank you for joining Hiscox' Q1 2022 Trading Update. I'm Liz Breeze, the Group Interim CFO. And I'm joined here by Jo Musselle, the Group CUO. Unfortunately, Aki Hussain, the Group CEO, is unable to join us today due to a sudden close family bereavement. He will return to the office in the next couple of days. So if you would like to have a follow-up discussion with him, this, of course, can be arranged.
I will start with a few brief opening remarks, focusing on 3 key topics: growth trends, loss experience and investment results. Then we will open the floor for Q&A.
So let me start with a few comments on trading momentum. It is very pleasing to see that the group delivered double-digit growth of 11.8% in constant currency in the first quarter. Key drivers of the growth have been the continuing improved momentum in Retail, especially in DPD; strong growth in the FloodPlus platform; and significant inflows of AUM into our ILS funds. The strong momentum is moderated at headline level by ongoing portfolio optimization
Q1 2022 Hiscox Ltd Trading Statement Call Transcript
May 05, 2022
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