Q4 2021 Lancashire Holdings Ltd Earnings Call Transcript
Hello, and welcome to the Lancashire Holdings Limited 2021 Year-End Results. (Operator Instructions) Please note this call is being recorded. Today, I am pleased to present Alex Maloney, Group CEO; Natalie Kershaw, Group CFO; and Paul Gregory, Group CUO.
I will now hand over to Alex. Please begin your meeting.
Good afternoon, everyone, and thank you for joining us. I'd like to start giving an overview of 2021, and then Paul will talk through the underwriting picture before Natalie goes through the financials. At the end, I'll talk through our outlook for 2022 before we open up for questions.
Slide 5, please, Galena. 2021 was a challenging year for profitability. For context, insured loss estimates from various catastrophe events during 2021 of somewhere between $105 billion and $130 billion, making this one of the costliest years on record. Only 2017 produced a larger insured loss of around $150 billion for catastrophe claims. As we underwrite a significant
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