Hiscox shares slide 8% despite 'solid' results

Shares in Hiscox fell by more than 8 percent today (29 February)
as investors appeared to react negatively to a lower dividend
payout and ignore a solid set of results for the second half of
2015.
The carrier reiterated that it would prioritise growth over
returning capital to shareholders as it recorded another year of
premium growth, with gross written premium increasing 10.7 percent
in 2015 to £1.9bn.
The London-listed company's £216.1mn full-year profit
represented a reduction of