Lancashire Holdings Limited – Q4 2018 Earnings Release

15 February 2019

Hamilton, Bermuda: 15 February 2019 – In a filing with the Bermuda Stock Exchange (“BSX”), Lancashire Holdings Limited (“Lancashire” or “the Company”; Ticker: LHL BH) announced their Q4 2018 Earnings. The filing stated:

CHANGE IN FULLY CONVERTED BOOK VALUE PER SHARE, ADJUSTED FOR DIVIDENDS, OF (1.4)% IN Q4 2018 AND 2.4% IN 2018 COMBINED RATIO OF 107.4% IN Q4 2018 AND 92.2% IN 2018 FINAL ORDINARY DIVIDEND OF $0.10 PER COMMON SHARE FULLY CONVERTED BOOK VALUE PER SHARE OF $5.26 AS AT 31 DECEMBER 2018.

Alex Maloney, Group Chief Executive Officer, commented:

“The fourth quarter of 2018 once again witnessed higher levels of loss activity than average, with the occurrence of hurricane Michael in October and a further series of catastrophic wildfires in California causing a tragic loss of life. When considered with the other major loss events during the year, 2018 ranks amongst the four largest loss years of the last couple of decades. Following 2017, this is the second year in succession of well above average global insured catastrophe losses. Against this backdrop, the Group has generated a positive RoE for the full year of 2.4%. Overall, I am pleased at the resilience of our portfolio and our reinsurance programme, given the loss environment. Looking ahead, I am encouraged with our new business momentum.

A complete copy of the Press Release can be found using the following link:

https://www.lancashiregroup.com/en/investors.html

For further information, please contact:

Lancashire Holdings Limited

Christopher Head +44 20 7264 4145 Jelena Bjelanovic +44 20 7264 4066

chris.head@lancashiregroup.com jelena.bjelanovic@lancashiregroup.com

Haggie Partners

David Haggie +44 20 7562 4444 Becky Young

david@haggie.co.uk becky.young@haggie.co.uk

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