Employers’ Q4 CR swells to 82.4%, U/W halves to $27.5mn
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Employers’ Q4 CR swells to 82.4%, U/W halves to $27.5mn

Workers’ compensation specialist Employers increased its combined ratio by 12.2 points to 82.4% in the fourth quarter from 70.2% last year, mainly due to a 48% increase in losses and loss-adjustment expenses.

Employers reported $70.7mn in losses and loss-adjustment expenses at quarter end, marking a 48% increase from last year. The spike was driven by higher earned premiums and lower favorable prior accident year loss reserve development.


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