Hiscox H2 Earnings Call Highlights

Retail: Retail ICWP grew 6.3% in constant currency to over $2.6 billion, described as broad-based across markets and driven by customer growth rather than pricing. Executives highlighted customer growth of 7.5% and said growth was “not rate dependent,” noting retail rate increases have moderated from about 7% in 2023 to about 2% in 2025. Retail’s undiscounted combined ratio improved to 92.6%, the strongest since 2016, with management pointing to early benefits from the company’s change program. Executives a ...