Feb 10 (Reuters) - Insurer Lancashire on Wednesday posted a surprise profit for the year as a recovery in its investment portfolio cushioned a hit from coronavirus-linked claims.
The UK-listed company, which underwrites property, energy and aviation lines, reported a pretax profit of $5.9 million for the 12 months ended Dec. 31 versus $119.5 million a year earlier.
Analysts were expecting a loss of $16 million, according to Eikon data from Refinitiv.
Reporting by Muvija M in Bengaluru; Editing by Devika Syamnath
我们的标准: 汤森路透“信任原则”