Hiscox Management
Management criteria checks 2/4
Hiscox's CEO is Aki Hussain, appointed in Jan 2022, has a tenure of 4.42 years. total yearly compensation is $7.56M, comprised of 14.9% salary and 85.1% bonuses, including company stock and options. directly owns 0.058% of the company’s shares, worth £3.29M. The average tenure of the management team and the board of directors is 4.3 years and 4.3 years respectively.
Key information
Aki Hussain
Chief executive officer
US$7.6m
Total compensation
| CEO salary percentage | 14.92% |
| CEO tenure | 4.4yrs |
| CEO ownership | 0.06% |
| Management average tenure | 4.3yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
Narrative Update • Jun 09
HSX: Future Returns Will Balance Dividend Appeal With Execution And Rating Risks
Hiscox’s analyst fair value estimate has been nudged up from £16.90 to £17.20 as analysts factor in updated price targets in the range of £1,800 to £1,960 and modest tweaks to growth and profitability assumptions. Analyst Commentary Recent research has clustered around higher price targets for Hiscox, with figures in the £18.00 to £19.60 range feeding into the latest fair value estimate.Narrative Update • May 26
HSX: Future Returns Will Balance Capital Returns With Execution And Rating Risks
Hiscox's analyst fair value estimate has shifted from £16.06 to £16.90, reflecting a series of higher Street price targets as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research is clustered around higher price targets for Hiscox, which feeds directly into the revised fair value estimate.Narrative Update • Apr 22
HSX: Future Returns Will Balance Capital Returns And Margin Execution Risks
Hiscox's updated fair value estimate edges to £16.06 from £16.35 as analysts lift price targets to £16.11 and £17.10, citing refined profit margin assumptions and P/E expectations, while keeping the discount rate and revenue growth broadly in line with prior views. Analyst Commentary Recent research has focused on refining how fairly Hiscox is priced, with price targets converging around the updated fair value estimate and modest changes to profit and P/E assumptions.Narrative Update • Apr 07
HSX: Future Returns Will Reflect Capital Returns And Earnings Delivery Risks
Analysts have nudged Hiscox's fair value estimate higher to £16.35 from £15.93, in line with recent Street price target lifts to £1,611 and £1,710 that reflect updated views on the stock's P/E assumptions and earnings potential. Analyst Commentary Recent Street research shows price targets clustered in the £16.11 to £17.10 range, which broadly supports the updated fair value estimate of £16.35.Narrative Update • Mar 24
HSX: Future Returns Will Reflect Capital Returns And Refined Earnings Expectations
Narrative update on Hiscox Hiscox's updated fair value estimate of £15.93 is broadly unchanged, and analysts have lifted price targets to £16.11 and £17.10, reflecting refreshed views on earnings potential and P/E assumptions. Analyst Commentary Recent price target updates cluster around the refreshed fair value estimate of £15.93, with targets of £16.11 and £17.10 signalling a range of views on how much execution and earnings strength are already reflected in the share price.
New Narrative • Mar 14
Retail Expansion And AI Investments Will Reshape This Specialty Insurer’s Long Term Earnings Profile
Catalysts About Hiscox Hiscox is an international insurer focused on specialty, retail and reinsurance lines for consumers, small businesses and larger corporate clients. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 08
HSX: Future Returns Will Reflect Capital Returns And Refined Margin Expectations
Analysts have lifted their price targets for Hiscox, with updated modelling nudging fair value from £15.17 to £15.95. This is supported by Street research that cites higher targets of £16.11 and £17.10, along with refined assumptions on revenue growth, profit margin and future P/E.
New Narrative • Feb 26
AI Reliance And Execution Risks Will Pressure Margins And Challenge Optimistic Expectations
Catalysts About Hiscox Hiscox is an international insurer and reinsurer focused on retail, London market and reinsurance lines, with a growing digital small commercial platform. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 21
HSX: Future Returns Will Reflect Buyback Activity And Margin-Focused Upside Potential
Analysts have nudged their Hiscox price target higher from £14.89 to £15.17, citing updated assumptions around slightly lower revenue growth expectations, balanced by firmer profit margin forecasts and a modestly higher future P/E multiple. What's in the News Hiscox has repurchased 12,568,259 shares between July 1, 2025 and December 19, 2025, for a total of US$222.5 million, representing 3.74% of the company.Narrative Update • Feb 06
HSX: Future Returns Will Reflect Under-Earning Risks And Buyback-Supported Upside Potential
Analysts have cut their price target on Hiscox from £15.00 to £10.68, citing views that the company is currently under earning with return on equity trailing sector peers. This feeds into updated fair value, discount rate, growth and P/E assumptions.Narrative Update • Jan 21
HSX: Future Returns Will Balance Under-Earning Concerns With Buyback-Driven Confidence
The analyst price target for Hiscox has been revised lower to £10.69 from £15.00 as analysts factor in views that the business is currently under-earning, with return on equity trailing peers, despite differing opinions reflected in recent target changes around £15.00. Analyst Commentary Bullish Takeaways Bullish analysts see scope for upside execution, reflected in a higher £15.00 price target, suggesting confidence that the current earnings profile may not fully reflect the business potential.Narrative Update • Nov 07
HSX: Strong First Half Performance Will Drive Renewed Confidence Ahead
The analyst consensus price target for Hiscox has increased from £14.88 to £15.21 per share. This reflects analysts' improved outlook following strong results and a narrowing valuation gap.Analysis Article • Nov 03
Insufficient Growth At Hiscox Ltd (LON:HSX) Hampers Share Price
With a price-to-earnings (or "P/E") ratio of 10.1x Hiscox Ltd ( LON:HSX ) may be sending bullish signals at the moment...Narrative Update • Oct 24
Capital Returns And Dividend Increases Will Support Performance Amid Market Risks
Analysts have modestly raised their fair value estimate for Hiscox from £14.82 to £14.88. They cite narrowing valuation gaps and an improved capital return outlook, as reflected in recent price target upgrades by the Street.Narrative Update • Oct 10
New Bermuda Tax And Catastrophe Risks Will Reduce Future Profitability
Narrative Update on Hiscox The analyst consensus price target for Hiscox has increased modestly, rising from £14.59 to £14.82. Analysts cite stronger-than-expected earnings forecasts and robust sector performance to support their raised valuations.Narrative Update • Sep 03
New Bermuda Tax And Catastrophe Risks Will Reduce Future Profitability
Analysts have modestly raised Hiscox’s price target to £14.64, citing increased confidence in sustainable earnings growth, improved underwriting discipline, and the success of its retail-focused strategy despite a challenging market environment. Analyst Commentary Bullish analysts highlight Hiscox's new retail strategy as a key differentiator, particularly as the large ticket reinsurance and commercial market environment is expected to soften.
New Narrative • Mar 02
New Bermuda Tax And Catastrophe Risks Will Reduce Future Profitability
High capital returns constrain future expansion and operational investment, potentially affecting net margins and earnings.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | US$8m | US$1m | US$604m |
| Sep 30 2025 | n/a | n/a | US$600m |
| Jun 30 2025 | n/a | n/a | US$595m |
| Mar 31 2025 | n/a | n/a | US$611m |
| Dec 31 2024 | US$6m | US$1m | US$627m |
| Sep 30 2024 | n/a | n/a | US$674m |
| Jun 30 2024 | n/a | n/a | US$721m |
| Mar 31 2024 | n/a | n/a | US$716m |
| Dec 31 2023 | US$5m | US$992k | US$712m |
| Sep 30 2023 | n/a | n/a | US$591m |
| Jun 30 2023 | n/a | n/a | US$470m |
| Mar 31 2023 | n/a | n/a | US$362m |
| Dec 31 2022 | US$2m | US$907k | US$254m |
| Sep 30 2022 | n/a | n/a | US$179m |
| Jun 30 2022 | n/a | n/a | US$104m |
| Mar 31 2022 | n/a | n/a | US$147m |
| Dec 31 2021 | US$1m | US$691k | US$190m |
| Sep 30 2021 | n/a | n/a | US$83m |
| Jun 30 2021 | n/a | n/a | -US$24m |
| Mar 31 2021 | n/a | n/a | -US$159m |
| Dec 31 2020 | US$756k | US$684k | -US$294m |
| Sep 30 2020 | n/a | n/a | -US$270m |
| Jun 30 2020 | n/a | n/a | -US$247m |
| Mar 31 2020 | n/a | n/a | -US$99m |
| Dec 31 2019 | US$714k | US$645k | US$49m |
Compensation vs Market: Aki's total compensation ($USD7.56M) is above average for companies of similar size in the UK market ($USD4.10M).
Compensation vs Earnings: Aki's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Aki Hussain (54 yo)
4.4yrs
Tenure
US$7,563,577
Compensation
Mr. Hamayou Akbar Hussain, also known as Aki, serves as Group Chief Executive Officer at Hiscox Ltd since January 01, 2022. He had been Group Chief Financial Officer at Hiscox Ltd since April 2016 and serv...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 4.4yrs | US$7.56m | 0.058% £ 3.3m | |
| Group CFO & Executive Director | 4.1yrs | US$5.14m | 0.041% £ 2.3m | |
| Group Chief Underwriting Officer & Executive Director | 6.4yrs | US$5.60m | 0.037% £ 2.1m | |
| Group Chief Operations & Technology Officer | 1.4yrs | no data | no data | |
| Group Chief Investment & Treasury Officer | 2.8yrs | no data | no data | |
| Group Chief Information Officer | 3yrs | no data | no data | |
| Director of Investor Relations | 5.7yrs | no data | no data | |
| Group General Counsel & Company Secretary | no data | no data | no data | |
| Chief Marketing Officer | 5.6yrs | no data | no data | |
| Chief People Officer | 3.8yrs | no data | no data | |
| Chief Underwriting Officer of London Market & Active Underwriter for Syndicate 33 | 13.2yrs | no data | no data | |
| Chief Executive Officer of London Market | no data | no data | no data |
4.3yrs
Average Tenure
54yo
Average Age
Experienced Management: HSX's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 9.8yrs | US$7.56m | 0.058% £ 3.3m | |
| Group CFO & Executive Director | 4.1yrs | US$5.14m | 0.041% £ 2.3m | |
| Group Chief Underwriting Officer & Executive Director | 6.3yrs | US$5.60m | 0.037% £ 2.1m | |
| Independent Non Executive Director | 1.4yrs | US$127.65k | no data | |
| Independent Non-Executive Director | 8.6yrs | US$187.91k | 0.0021% £ 120.3k | |
| Non Executive Chairman of the Board | 1yr | US$275.22k | no data | |
| Independent Non-Executive Director | 8.6yrs | US$338.52k | 0.0053% £ 299.1k | |
| Independent Non Executive Director | 8.6yrs | US$170.03k | 0.0039% £ 223.6k | |
| Independent Non-Executive Director | 4.6yrs | US$235.39k | no data | |
| Independent Non Executive Director | 1.4yrs | US$127.65k | no data | |
| Senior Independent Director | 1.8yrs | US$281.18k | no data | |
| Independent Non-Executive Director | 3.1yrs | US$225.81k | no data |
4.3yrs
Average Tenure
63.5yo
Average Age
Experienced Board: HSX's board of directors are considered experienced (4.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 21:27 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hiscox Ltd is covered by 25 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ivan Bokhmat | Barclays |
| Michael Christodoulou | Berenberg |
| Thomas Seidl | Bernstein |