Selective
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With pricing decelerating and loss-cost trends potentially reversing, regionals should continue to execute on their present strategy. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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In Q2, Selective's headline combined ratio deteriorated 5.7 points to 95.5%, driven by higher catastrophe losses and lower favorable casualty reserve development.
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The firm’s specialty pivot seems to be paying off in premium growth and value creation.
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The underlying combined ratio was 91.4% this quarter, compared to 89% a year ago.
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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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Selective Insurance's rate increases buck the industry trend of moderation as they continue to rise into Q2.
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The results were driven primarily by higher non-catastrophe property losses and less favorable prior year casualty reserve development.
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March’s CPI report shows elevated inflation levels, including vehicle CPI of 10.5% and average used car price increase of 24.7%.
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Insurance stocks mixed following swath of earnings results; Aon gains nearly 7% in Friday trading.
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Despite decreasing underwriting income, the company’s Q4 2021 performance was above the $1.41 earnings per share that analysts had estimated for the period.
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The latest report shows even higher inflation pushing up severity, forcing carriers to take rate.
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