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Exit from commercial printing and the reclassification of real estate accounted for $1.8 million of this loss

Result was an improvement on the loss of $152.8m recorded by the Bermudian-based company in the prior-year quarter

The operating return on average equity was 19.4 per cent and the adjusted combined ratio was 86.8 per cent

Gross written premiums were $440 million and the present value of new business production was $402 million

The result came as Bermudian-headquartered Hiscox Group announced a record profit before tax of $685.4 million

The result is an increase of 55 per cent compared with the prior year

The result is a 14.4 per cent improvement on 2023

An increase of $60 million, or 271 per cent, compared with the prior year

Result is achieved despite a fourth-quarter net loss of $21.3m

The four-year-old company produces $1.16 billion of gross premiums written

That result compares with net income of $113.4 million for the 2023 fiscal year

Net investment income for the year was $222.1 million, up 19 per cent from 2023