Why shares in insurer Lancashire are down despite special dividend
Firm had an ?excellent? 2023Cost ratio slightly above forecastsBuyback canceled as expectedInvestors in general insurer Lancashire Holdings (LRE) are probably scratching their heads this morning as to why their shares are down when the firm has just announced bumper results and a special payout.The shares opened flat at 672p but by mid-morning had fallen as far as 42p or 6% to 629p. OPERATI