Lancashire CEO praises ‘strong close’ to 2013 despite profit decline
Lancashire has recorded a 6.2% decrease in gross written premium for the year ended 31 December 2013 writing $679.7m (£408m) compared with $724.3m the year before.
The insurer's profit after tax also declined from $234.9m in 2012 to $222.5m in 2013.
The insurer's combined operating ratio remained low but declined from 63.9% in 2012 to 70.2% in 2013.
Since
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