HARDY UNDERWRITING LIMITED
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Cash
—
Latest balance sheet
Net assets
£111m
+29.2% highest in 3 filed years
Employees
120
+2.6% highest in 3 filed years
Profit before tax
£32m
+201.2% vs 2024
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | £364,447,000 | £335,500,000 | £341,520,000 | +1.8% | |
| Net earned premiums | — | £287,858,000 | £281,880,000 | -2.1% | |
| Claims incurred | £156,610,000 | £188,422,000 | £176,587,000 | -6.3% | |
| Investment return | £32,105,000 | £26,294,000 | £36,359,000 | +38.3% | |
| Profit before tax | £50,672,000 | £10,754,000 | £32,388,000 | +201.2% | |
| Net profit | £36,375,000 | £12,700,000 | £25,056,000 | +97.3% | |
| Insurance contract liabilities | £830,928,000 | £907,583,000 | £906,061,000 | -0.2% | |
| Total assets | £984,803,000 | £1,083,555,000 | £1,122,605,000 | +3.6% | |
| Total liabilities | £911,757,000 | £997,809,000 | £1,011,803,000 | +1.4% | |
| Equity | £73,046,000 | £85,746,000 | £110,802,000 | +29.2% | |
| Average employees | 0 | 117 | 120 | +2.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 92.6% | 92.1% | 90.1% |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has financial resources to meet its financial needs and manages its portfolio of insurance risk. The Directors have continued to review the business plans, liquidity and operational resilience of the Company and are satisfied that the Company is well positioned to manage its business risks in the current economic environment.”
Significant events
- “During the year the Company recorded losses on foreign exchange of £6.8 million (2024: loss of £5.7 million).”
- “The net loss ratio of 62.6% represented a 2.9% improvement over the prior year ratio of 65.5%, with a lower impact from large loss activity in the year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KEARNEY, Carl Anthony | Director | 2024-12-18 | May 1972 | Irish |
| REHMAN, Jalil Ur | Director | 2024-12-18 | Mar 1964 | British |
| STEVENS, David John | Director | 2014-01-27 | Jul 1963 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUTCHINGS, Theresa | Secretary | 1997-01-06 | 2013-09-30 |
| NOBLE FINANCIAL HOLDINGS LIMITED | Corporate Secretary | 1994-10-21 | 1997-01-06 |
| BROSNAN, David John | Director | 2014-03-10 | 2020-08-31 |
| CRUWYS, Rhodri David | Director | 2014-01-27 | 2017-03-31 |
| DUNNING, David Victor | Director | 2000-09-21 | 2002-09-30 |
| GRIFFIN, Timothy Paul | Director | 2001-07-02 | 2013-12-12 |
| HAMER, Phillip John | Director | 2020-09-16 | 2024-11-05 |
| HARDY, Peter Willes | Director | 1994-10-24 | 2006-04-30 |
| HUTCHINGS, Theresa | Director | 1997-01-06 | 2013-09-30 |
| LESLIE, Alastair Pinckard | Director | 1994-10-24 | 1997-01-06 |
| LLOYD, Peter Gerald Keith | Director | 1994-10-24 | 1996-09-30 |
| MABEY, Colin Guy | Director | 1997-01-06 | 1997-12-31 |
| MACDIARMID, James David | Director | 2003-04-02 | 2014-01-27 |
| MERRY, Barbara Jane | Director | 2002-01-17 | 2014-02-18 |
| NOBLE, Timothy Peter, Sir | Director | 1994-10-21 | 1997-01-06 |
| SANTAMBROGIO, Luigi | Director | 1997-01-06 | 2006-12-22 |
| SIMPSON, Matthew John | Director | 1997-01-06 | 2013-12-12 |
| SUGDEN, Mervyn Terence Arthur | Director | 1997-01-06 | 2013-12-31 |
| VAN DER MERSCH, Pierre Emile Leon Marie | Director | 1995-03-23 | 1997-01-06 |
| WADMAN, Stephen Noel | Director | 1994-10-24 | 2002-01-29 |
| WALKER, Adrian Jeremy | Director | 2001-06-21 | 2011-05-17 |
| WELDON, Steuart William Pratchitt | Director | 1994-10-21 | 2001-06-30 |
| WILLS, Richard Frederick De Leigh | Director | 1997-01-06 | 1998-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cna Financial Corporation | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-01-13 | Active |
| Hardy Underwriting Bermuda Limited | Corporate entity | Shares 75–100%, Shares 75–100% (as firm), Voting 75–100%, Appoints directors | 2019-12-13 | Ceased 2020-01-13 |
| Hardy Underwriting Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2019-12-12 |
Filing timeline
Last 20 of 263 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-08 RESOLUTIONS Resolution
- 2022-07-12 MA Memorandum articles
- 2022-07-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type full | |
| 2026-07-07 | CH01 | officers | Change person director company with change date | |
| 2025-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-10 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-29 | AA | accounts | Accounts with accounts type full | |
| 2024-02-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-24 | AA | accounts | Accounts with accounts type full | |
| 2023-01-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-15 | SH01 | capital | Capital allotment shares | |
| 2022-12-08 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-14 | AA | accounts | Accounts with accounts type full | |
| 2022-07-12 | MA | incorporation | Memorandum articles | |
| 2022-07-12 | RESOLUTIONS | resolution | Resolution | |
| 2022-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-15 | AA | accounts | Accounts with accounts type full | |
| 2021-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.