Lancashire has reported a profit after tax of $159.3m after its first year of trading.
The company said operating income was $180.5m and gross written premiums amounted to $626m.
The combined loss ratio came in at just 44.3%.
Richard Brindle, chief executive officer and chief underwriting officer, commented: "Operationally, we have gone from being a start-up company to an established major underwriter in the market with sophisticated technical capabilities, a highly experienced underwriting team and 57 people across Bermuda, London and Dubai.
"In 2007, broker and client support remains extremely strong and the acceleration in business flow has been remarkable.”
