Hiscox Ltd (HSX) - Net Assets
Based on the latest financial reports, Hiscox Ltd (HSX) has net assets worth GBX3.81 Billion GBX (≈ $463.32K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX12.34 Billion ≈ $1.50 Million USD) and total liabilities (GBX8.53 Billion ≈ $1.04 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Hiscox Ltd (HSX) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX3.81 Billion |
| % of Total Assets | 30.86% |
| Annual Growth Rate | 14.83% |
| 5-Year Change | 56.76% |
| 10-Year Change | 62.91% |
| Growth Volatility | 62.65 |
Hiscox Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Hiscox Ltd's net assets have evolved over time, based on quarterly financial data. Also explore HSX total assets for the complete picture of this company's asset base.
Annual Net Assets for Hiscox Ltd (2000–2024)
The table below shows the annual net assets of Hiscox Ltd from 2000 to 2024. For live valuation and market cap data, see market value of Hiscox Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX3.69 Billion ≈ $448.95K |
+11.93% |
| 2023-12-31 | GBX3.30 Billion ≈ $401.11K |
+36.41% |
| 2022-12-31 | GBX2.42 Billion ≈ $294.04K |
-4.83% |
| 2021-12-31 | GBX2.54 Billion ≈ $308.96K |
+7.88% |
| 2020-12-31 | GBX2.35 Billion ≈ $286.40K |
+7.50% |
| 2019-12-31 | GBX2.19 Billion ≈ $266.42K |
-5.50% |
| 2018-12-31 | GBX2.32 Billion ≈ $281.93K |
-2.27% |
| 2017-12-31 | GBX2.37 Billion ≈ $288.48K |
+5.68% |
| 2016-12-31 | GBX2.24 Billion ≈ $272.98K |
-0.95% |
| 2015-12-31 | GBX2.26 Billion ≈ $275.58K |
+0.07% |
| 2014-12-31 | GBX2.26 Billion ≈ $275.39K |
-2.61% |
| 2013-12-31 | GBX2.32 Billion ≈ $282.79K |
-66.78% |
| 2012-12-31 | GBX7.00 Billion ≈ $851.25K |
+258.80% |
| 2011-12-31 | GBX1.95 Billion ≈ $237.25K |
-0.22% |
| 2010-12-31 | GBX1.95 Billion ≈ $237.76K |
+7.78% |
| 2009-12-31 | GBX1.81 Billion ≈ $220.60K |
+30.19% |
| 2008-12-31 | GBX1.39 Billion ≈ $169.45K |
-14.81% |
| 2007-12-31 | GBX1.63 Billion ≈ $198.90K |
+22.33% |
| 2006-12-31 | GBX1.34 Billion ≈ $162.59K |
+34.36% |
| 2005-12-31 | GBX994.58 Million ≈ $121.01K |
+167.65% |
| 2004-12-31 | GBX371.60 Million ≈ $45.21K |
+12.66% |
| 2003-12-31 | GBX329.84 Million ≈ $40.13K |
+17.67% |
| 2002-12-31 | GBX280.30 Million ≈ $34.10K |
+70.10% |
| 2001-12-31 | GBX164.79 Million ≈ $20.05K |
+23.38% |
| 2000-12-31 | GBX133.56 Million ≈ $16.25K |
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Equity Component Analysis
This analysis shows how different components contribute to Hiscox Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 21859.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX3.45 Billion | 93.59% |
| Common Stock | GBX38.10 Million | 1.03% |
| Other Comprehensive Income | GBX-391.10 Million | -10.60% |
| Other Components | GBX589.60 Million | 15.98% |
| Total Equity | GBX3.69 Billion | 100.00% |
Hiscox Ltd Competitors by Market Cap
The table below lists competitors of Hiscox Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BEST SPAC I Acquisition Corp. Class A Ordinary Shares
NASDAQ:BSAA
|
$62.11 Million |
|
MHP HOTEL AG INH O.N.
F:CDZ0
|
$62.11 Million |
|
Rafael Holdings, Inc.
NYSE:RFL
|
$62.12 Million |
|
Trisula Textile Industries Tbk PT
JK:BELL
|
$62.13 Million |
|
Dreamus Company
KQ:060570
|
$62.09 Million |
|
Ginar Technology Co Ltd
TWO:6151
|
$62.06 Million |
|
Lesico Ltd
TA:LSCO
|
$62.06 Million |
|
Pamel Yenilenebilir Elektrik Uretim AS
IS:PAMEL
|
$62.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hiscox Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,295,600,000 to 3,688,800,000, a change of 393,200,000 (11.9%).
- Net income of 627,200,000 contributed positively to equity growth.
- Dividend payments of 127,000,000 reduced retained earnings.
- Share repurchases of 149,100,000 reduced equity.
- New share issuances of 5,200,000 increased equity.
- Other comprehensive income decreased equity by 11,899,999.
- Other factors increased equity by 48,799,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX627.20 Million | +17.0% |
| Dividends Paid | GBX127.00 Million | -3.44% |
| Share Repurchases | GBX149.10 Million | -4.04% |
| Share Issuances | GBX5.20 Million | +0.14% |
| Other Comprehensive Income | GBX-11.90 Million | -0.32% |
| Other Changes | GBX48.80 Million | +1.32% |
| Total Change | GBX- | 11.93% |
Book Value vs Market Value Analysis
This analysis compares Hiscox Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 148.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 350.74x to 148.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | GBX4.42 | GBX1549.00 | x |
| 2006-12-31 | GBX4.73 | GBX1549.00 | x |
| 2007-12-31 | GBX5.74 | GBX1549.00 | x |
| 2008-12-31 | GBX5.11 | GBX1549.00 | x |
| 2009-12-31 | GBX6.71 | GBX1549.00 | x |
| 2010-12-31 | GBX7.12 | GBX1549.00 | x |
| 2011-12-31 | GBX7.01 | GBX1549.00 | x |
| 2012-12-31 | GBX7.80 | GBX1549.00 | x |
| 2013-12-31 | GBX7.92 | GBX1549.00 | x |
| 2014-12-31 | GBX7.68 | GBX1549.00 | x |
| 2015-12-31 | GBX7.60 | GBX1549.00 | x |
| 2016-12-31 | GBX7.72 | GBX1549.00 | x |
| 2017-12-31 | GBX8.14 | GBX1549.00 | x |
| 2018-12-31 | GBX8.01 | GBX1549.00 | x |
| 2019-12-31 | GBX7.59 | GBX1549.00 | x |
| 2020-12-31 | GBX7.26 | GBX1549.00 | x |
| 2021-12-31 | GBX7.33 | GBX1549.00 | x |
| 2022-12-31 | GBX6.92 | GBX1549.00 | x |
| 2023-12-31 | GBX9.33 | GBX1549.00 | x |
| 2024-12-31 | GBX10.42 | GBX1549.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hiscox Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.00%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.47%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 3.05x
- Recent ROE (17.00%) is above the historical average (11.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 8.41% | 6.02% | 0.29x | 4.75x | GBX-15.78 Million |
| 2006 | 24.02% | 16.86% | 0.37x | 3.90x | GBX187.37 Million |
| 2007 | 23.20% | 17.51% | 0.38x | 3.52x | GBX215.80 Million |
| 2008 | 7.45% | 7.07% | 0.27x | 3.93x | GBX-35.58 Million |
| 2009 | 25.02% | 22.00% | 0.33x | 3.40x | GBX272.25 Million |
| 2010 | 14.12% | 14.13% | 0.32x | 3.15x | GBX80.55 Million |
| 2011 | 1.69% | 1.78% | 0.28x | 3.36x | GBX-161.96 Million |
| 2012 | 15.13% | 16.19% | 0.29x | 3.21x | GBX113.84 Million |
| 2013 | 16.87% | 17.59% | 0.30x | 3.15x | GBX159.64 Million |
| 2014 | 14.87% | 15.48% | 0.28x | 3.43x | GBX110.23 Million |
| 2015 | 13.74% | 13.99% | 0.28x | 3.47x | GBX84.59 Million |
| 2016 | 18.54% | 18.92% | 0.27x | 3.65x | GBX191.53 Million |
| 2017 | 1.43% | 1.27% | 0.27x | 4.11x | GBX-203.07 Million |
| 2018 | 5.09% | 4.11% | 0.26x | 4.68x | GBX-113.70 Million |
| 2019 | 2.23% | 1.54% | 0.25x | 5.73x | GBX-169.96 Million |
| 2020 | -12.48% | -9.04% | 0.23x | 5.89x | GBX-528.98 Million |
| 2021 | 7.47% | 5.76% | 0.24x | 5.46x | GBX-64.32 Million |
| 2022 | 10.51% | 8.53% | 0.22x | 5.68x | GBX12.34 Million |
| 2023 | 21.60% | 19.25% | 0.33x | 3.36x | GBX382.44 Million |
| 2024 | 17.00% | 16.47% | 0.34x | 3.05x | GBX258.32 Million |
Industry Comparison
This section compares Hiscox Ltd's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $1,033,018,667
- Average return on equity (ROE) among peers: 26.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hiscox Ltd (HSX) | GBX3.81 Billion | 8.41% | 2.24x | $62.10 Million |
| Admiral Group PLC (ADM) | $580.90 Million | 49.10% | 5.67x | $124.70 Million |
| Direct Line Insurance Group plc (DLG) | $2.48 Billion | 6.54% | 2.54x | $48.28 Million |
| Personal Group Holdings PLC (PGH) | $33.76 Million | 24.48% | 0.47x | $1.33 Million |
About Hiscox Ltd
Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services worldwide. It operates through Hiscox Retail, Hiscox London Market, and Hiscox Re & ILS segments. The company offers commercial insurance for mirco-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, c… Read more