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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

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

Strong returns were delivered through diversified fee income, low credit risk, treasury/agency investment portfolio and effective capital management

That is more than double the net income recorded by the company in the previous quarter

The result was achieved despite a fourth quarter loss of $131 million

That result was a jump of $20 million compared with the 2023 net profit of $161.4 million

The result includes a fourth quarter net loss of $593 million