Hiscox, Ltd. (HSX) 2005年年度报告「LSE」.pdf

1、Hiscox plc Report and Accounts 2005 01Contents02Highlights03Who we are04Board of Directors08Chairmans statement 10Chief Executives report 16The Hiscox business at a glance 18Hiscox distribution20The Hiscox brand and values21Hiscox people22Risk carriers26Group financial performance29Cash flow and liq

2、uidity30Capital32Risk management 36Corporate responsibility38Corporate governance41Directors remuneration report44Directors report48Statement of Directors responsibilities49Independent auditors report to the shareholders of Hiscox plc50Consolidated income statement51Consolidated balance sheet52Compa

3、ny balance sheet53Consolidated statement of changes in equity54Company statement of changes in equity55Cash flow statement Consolidated Group56Cash flow statement Company57Notes to the financial statements101 Five year summary102 Notice of Annual General Meeting104 Definition of insurance termsHighl

4、ights02 Hiscox plc Report and Accounts 2005Financial Pre-tax profit of 70.2 million,after 165million net loss from 2005 hurricane season Final dividend increased 36 per cent,makinga total dividend of 7.0p per share for the year(2004:5.0p per share)Strong performance from regional specialistbusinesse

5、s,including a profit before tax of 40.4 million from Hiscox UK and secondyear of profit for Hiscox Europe.Operational Hiscox Bermuda formed,financed bysuccessful 170.0 million Rights Issue(net of expenses)Hiscox Bermuda and Hiscox Guernseyawarded A-(Excellent)ratings from A.M.Best in addition to exi

6、sting A-(Excellent)rating for the Hiscox Insurance Company Strong management team in place with new appointments in Europe,UK and USA Successful launch of broker e-trading to complement the good growth in direct business.Outlook Hiscox Bermuda well positioned to takeadvantage of favourable rates His