Hiscox, Ltd. (HSX) 2003年年度报告「LSE」.pdf

1、Hiscox plc Report and Accounts 2003Hiscox plc1 Great St HelensLondonEC3A 6HXTel:020 7448 6000Fax:020 7448 6900Email:Website:2 Corporate Highlights4 Chairmans Statement7 Chief Executives Report15 Directors and Advisors16 Corporate Governance18 Directors Remuneration Report21 Directors Report24 Statem

2、ent of Directors Responsibilities25 Independent Auditors Report26 Consolidated Profit and LossAccount,Technical Account General Business27 Consolidated Profit and Loss Account,Non-Technical Account28 Consolidated Balance Sheet30 Company Balance Sheet31 Consolidated Cash Flow Statement32 Notes to the

3、 Accounts56 Notes to the Consolidated Cash Flow Statement 58 Five Year Summary 59 Notice of Annual General Meeting 60 Key Shareholder InformationRecord results but thats already old news.We are focused on thefuture and know that we will be judged by ourprospects,not our past.As the wise man said,“I

4、dread success.To havesucceeded is to havefinished ones business on earth,like the malespider,who is killed by afemale the moment he hassucceeded in his courtship.I like a state of continualbecoming,with a goal infront and not behind.”CORPORATE HIGHLIGHTS Record pre-tax profit of 83.4 million Group c

5、ombined loss ratio,excluding WTC,79.3%(2002:91.8%)Hiscox plc gross written premium income up 18%to 797.4 million Net earned premium up 42%to 547.5 million Post-tax return on capital of 21.7%(2002:8.7%)Final dividend increased 21%to 2.9p per share Exceptional 12 months for Lloyds Syndicate 33,with a

6、firmyear-end renewal season.Gross written premium applicable to Hiscox plc up 17%to 541.4 million(2002:461.8 million).Profit before tax of 64.5 million(2002:13.9 million)UK Retail showed steady growth with gross written premium of 174.6 million(2002:147.6 million)and profit before tax of 18.5 millio