Lancashire Holdings Limited (LRE)

Sector:

Insurance

Index:

FTSE 250

823.50p
   
  • Change Today:
    -3.50p
  • 52 Week High: 850.00
  • 52 Week Low: 528.00
  • Currency: UK Pounds
  • Shares Issued: 242.51m
  • Volume: 56,439
  • Market Cap: £1,997.07m
  • RiskGrade: 214

Dividend Data

  31-Dec-1931-Dec-1831-Dec-1731-Dec-1631-Dec-15
Interim Dividend5.00¢5.00¢5.00¢5.00¢5.00¢
Final Dividend10.00¢10.00¢10.00¢10.00¢n/a
Total Dividend15.00¢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-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
Revenue 706.70 638.50 591.60 633.90 641.10
Operating Profit/(Loss) 135.40 60.80 (46.00) 163.50 186.00
Profit Before Tax 119.50 33.60 (72.90) 150.40 171.70
Profit After Tax 118.20 37.60 (70.60) 154.30 181.70
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 118.20 37.60 (70.60) 154.30 181.70
Attributable to:          
Equity Holders of Parent Company 117.90 37.50 (71.10) 153.80 181.10
Minority Interests 0.30 0.10 0.50 0.50 0.60
           
Continuing EPS          
Earnings per Share - Basic 59.00¢ 19.00¢ (36.00¢) 77.00¢ 93.00¢
Earnings per Share - Diluted 58.00¢ 19.00¢ (36.00¢) 76.00¢ 91.00¢
Earnings per Share - Adjusted 59.00¢ 19.00¢ (36.00¢) 77.00¢ 93.00¢
Continuing and Discontinued EPS          
Earnings per Share - Basic 59.00¢ 19.00¢ (36.00¢) 77.00¢ 93.00¢
Earnings per Share - Diluted 58.00¢ 19.00¢ (36.00¢) 76.00¢ 91.00¢
Earnings per Share - Adjusted 59.00¢ 19.00¢ (36.00¢) 77.00¢ 93.00¢
           
Dividend per Share 15.00¢ 15.00¢ 15.00¢ 15.00¢ 15.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Assets          
Property, Plant & Equipment 19.40 1.40 2.60 5.30 7.20
Intangible Assets 154.50 153.80 153.80 153.80 153.80
Investment Properties n/a n/a n/a n/a n/a
Investments 1,633.40 1,726.10 1,714.00 1,698.10 1,820.80
Other Financial Assets n/a n/a n/a n/a n/a
Insurance/Re-Insurance Assets 767.50 697.70 623.20 457.10 370.50
           
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 75.80 51.90 69.20 51.30 44.30
Cash at Bank & in Hand 320.40 154.60 256.50 308.80 291.80
Other Current Assets n/a n/a n/a 81.50 87.20
Other Assets 81.70 74.20 76.70 n/a n/a
Total Assets 3,052.70 2,859.70 2,896.00 2,755.90 2,775.60
           
Liabilities          
Insurance Contracts 1,407.50 1,366.90 1,349.90 1,090.70 1,106.40
Provisions for Risks and Charges n/a n/a n/a n/a n/a
Other Insurance Liabilities n/a n/a n/a n/a n/a
Borrowings 345.40 324.30 326.30 n/a 322.30
Provisions n/a n/a n/a n/a n/a
Other Liabilities 105.60 101.00 112.50 136.50 126.10
Total Liabilities 1,858.50 1,792.20 1,788.70 1,548.10 1,554.80
           
Net Assets 1,194.20 1,067.50 1,107.30 1,207.80 1,220.80
           
Capital & Reserves          
Share Capital 101.50 101.00 100.70 100.70 100.70
Share Premium Account n/a n/a n/a n/a n/a
Other Reserves 881.50 845.30 852.60 852.00 839.90
Retained Earnings 210.60 120.90 153.60 254.60 279.70
Shareholders Funds 1,193.60 1,067.20 1,106.90 1,207.30 1,220.30
           
Minority Interests/Other Equity 0.60 0.30 0.40 0.50 0.50
Total Equity 1,194.20 1,067.50 1,107.30 1,207.80 1,220.80
Cash Flow 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Net Cash Flow From Operating Activities 34.50 (2.50) (38.70) 48.90 98.10
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 183.40 (6.40) 31.30 168.70 234.10
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 (53.60) (91.10) (50.70) (197.70) (338.00)
Net Increase/Decrease In Cash 164.30 (100.00) (58.10) 19.90 (5.80)
Ratios - based on IFRS 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
PE Ratio - Adjusted 16.4 40.1 n/a 11.3 8.5
PEG - Adjusted 0.1 n/a n/a n/a n/a
Earnings per Share Growth - Adjusted 210% n/a n/a -17% -25%
Dividend Cover 3.93 1.27 (2.40) 5.13 6.20
Revenue per Share 291.41¢ 263.29¢ 243.95¢ 261.39¢ 264.36¢
Pre-Tax Profit per Share 49.28¢ 13.86¢ (30.06¢) 62.02¢ 70.80¢
Operating Margin 19.16% 9.52% (7.78%) 25.79% 29.01%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.4 40.1 n/a 11.3 8.5
PEG - Adjusted 0.1 n/a n/a n/a n/a
Earnings per Share Growth - Adjusted 210% n/a n/a -17% -25%
Dividend Cover 3.93 1.27 (2.40) 5.13 6.20
           
Dividend Yield 1.6% 2.0% 1.7% 1.7% 1.9%
Dividend per Share Growth n/a n/a n/a n/a n/a
Operating Cash Flow per Share 14.23¢ (1.03¢) (15.96¢) 20.16¢ 40.45¢
Cash Incr/Decr per Share 67.75¢ (41.23¢) (23.96¢) 8.21¢ (2.39¢)
Net Asset Value per Share (exc. Intangibles) 428.73¢ 376.77¢ 393.18¢ 434.62¢ 439.98¢
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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