Lancashire Holdings Limited (LRE)

Sector:

Insurance

Index:

FTSE 250

624.00p
   
  • Change Today:
      13.00p
  • 52 Week High: 701.00p
  • 52 Week Low: 566.00p
  • Currency: UK Pounds
  • Shares Issued: 244.01m
  • Volume: 455,583
  • Market Cap: £1,522.62m
  • RiskGrade: 167
  • Beta: 0.87

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend5.00¢5.00¢5.00¢5.00¢n/a
Final Dividend15.00¢10.00¢10.00¢10.00¢n/a
Total Dividend20.00¢15.00¢15.00¢15.00¢15.00¢
For more dividend details, click here

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 1,519.90 1,226.50 1,225.20 814.10 706.70
Operating Profit/(Loss) 352.20 17.30 (7.10) 15.30 135.40
Profit Before Tax 332.70 (17.30) (56.80) 5.90 119.50
Profit After Tax 321.50 (15.50) (61.60) 4.50 118.20
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 321.50 (15.50) (61.60) 4.50 118.20
Attributable to:          
Equity Holders of Parent Company 321.50 (15.50) (61.60) 4.20 117.90
Minority Interests n/a n/a n/a 0.30 0.30
           
Continuing EPS          
Earnings per Share - Basic 135.00¢ (6.00¢) (26.00¢) 2.00¢ 59.00¢
Earnings per Share - Diluted 135.00¢ (6.00¢) (26.00¢) 2.00¢ 58.00¢
Earnings per Share - Adjusted 135.00¢ (6.00¢) (26.00¢) 2.00¢ 59.00¢
Continuing and Discontinued EPS          
Earnings per Share - Basic 135.00¢ (6.00¢) (26.00¢) 2.00¢ 59.00¢
Earnings per Share - Diluted 135.00¢ (6.00¢) (26.00¢) 2.00¢ 58.00¢
Earnings per Share - Adjusted 135.00¢ (6.00¢) (26.00¢) 2.00¢ 59.00¢
           
Dividend per Share 20.00¢ 15.00¢ 15.00¢ 15.00¢ 15.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Property, Plant & Equipment 29.10 21.40 14.20 16.80 19.40
Intangible Assets 181.10 172.40 157.90 154.50 154.50
Investment Properties n/a n/a n/a n/a n/a
Investments 2,471.70 2,264.60 2,166.80 1,983.20 1,633.40
Other Financial Assets n/a n/a n/a n/a n/a
Insurance/Re-Insurance Assets 387.80 474.30 1,027.20 808.00 767.50
           
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables n/a n/a 64.10 66.40 75.80
Cash at Bank & in Hand 756.90 548.80 517.70 432.40 320.40
Other Current Assets n/a n/a n/a n/a n/a
Other Assets 75.10 42.40 121.60 89.00 81.70
Total Assets 3,901.70 3,523.90 4,069.50 3,550.30 3,052.70
           
Liabilities          
Insurance Contracts 1,823.70 1,673.50 1,909.30 1,433.20 1,407.50
Provisions for Risks and Charges n/a n/a n/a n/a n/a
Other Insurance Liabilities n/a n/a 205.60 151.70 n/a
Borrowings 471.30 469.40 463.60 348.40 345.40
Provisions 16.20 10.30 12.20 10.90 9.60
Other Liabilities 82.60 44.60 66.00 67.20 96.00
Total Liabilities 2,393.80 2,197.80 2,656.70 2,011.40 1,858.50
           
Net Assets 1,507.90 1,326.10 1,412.80 1,538.90 1,194.20
           
Capital & Reserves          
Share Capital 122.00 122.00 122.00 122.00 101.50
Share Premium Account n/a n/a n/a n/a n/a
Other Reserves 1,203.50 1,187.90 1,206.40 1,234.00 881.50
Retained Earnings 182.40 16.20 83.90 182.50 210.60
Shareholders Funds 1,507.90 1,326.10 1,412.30 1,538.50 1,193.60
           
Minority Interests/Other Equity n/a n/a 0.50 0.40 0.60
Total Equity 1,507.90 1,326.10 1,412.80 1,538.90 1,194.20
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 441.90 323.80 243.80 80.90 34.50
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (54.30) (194.90) (186.80) (260.10) 183.40
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (185.40) (90.80) 32.80 287.30 (53.60)
Net Increase/Decrease In Cash 202.20 38.10 89.80 108.10 164.30
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 5.8 n/a n/a 455.5 16.4
PEG - Adjusted n/a n/a n/a n/a 0.1
Earnings per Share Growth - Adjusted n/a n/a n/a -97% 210%
Dividend Cover 6.75 (0.40) (1.73) 0.13 3.93
Revenue per Share 636.44¢ 510.34¢ 5.10¢ 364.07¢ 351.17¢
Pre-Tax Profit per Share 139.31¢ (7.20¢) (0.24¢) 2.64¢ 59.38¢
Operating Margin 23.17% 1.41% (0.58%) 1.88% 19.16%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 5.8 n/a n/a 455.5 16.4
PEG - Adjusted n/a n/a n/a n/a 0.1
Earnings per Share Growth - Adjusted n/a n/a n/a -97% 210%
Dividend Cover 6.75 (0.40) (0.02) 0.13 3.93
           
Dividend Yield 2.5% 1.8% 2.2% 1.6% 1.6%
Dividend per Share Growth 33.33% n/a n/a n/a n/a
Operating Cash Flow per Share 185.04¢ 134.73¢ 100.56¢ 36.18¢ 17.14¢
Cash Incr/Decr per Share 84.67¢ 15.85¢ 0.37¢ 48.34¢ 81.64¢
Net Asset Value per Share (exc. Intangibles) 555.58¢ 480.05¢ 517.60¢ 619.11¢ 516.65¢
Net Gearing n/a n/a n/a n/a n/a

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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