Q1 2023 Hiscox Ltd Trading Statement Call Transcript
Good morning or good afternoon, and welcome to the Hiscox Limited Q1 interim management statement. My name is Adam, and I'll be your operator for today. (Operator Instructions)
I will now hand the floor over to Chief Financial Officer, Paul Cooper, to begin. Paul, please go ahead when youâre ready.
Great. Thank you, and good morning, everyone. I'm Paul Cooper, Hiscox's Group CFO, and thank you for joining our Q1 trading update. While it's the first time that we're reporting our numbers under the new IFRS 17 standard, the structure of our disclosures has not changed. The key areas I'm going to touch on today are growth, loss experience and investment results. After this, I'll hand over to the call moderator who will open the call for Q&A.
Starting with growth. As we told you at our December IFRS 17 [teaching], under the new standard, we have elected to report top line growth using insurance contract written premiums, our ICWP as an alternative performance measure. This is
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