Underwriter Hiscox's FY pretax profit falls 6.5 pct

February 29, 2016 7:27 AM

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Feb 29 Lloyd's of London underwriter Hiscox Ltd reported a 6.5 percent fall in full-year pretax profit, as falling insurance rates offset gains from a benign natural catastrophe year.

Hiscox, which underwrites a range of risks from oil refineries to kidnappings, said it would return 32 pence per share to shareholders, including a special dividend of 16 pence per share.

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