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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%. -
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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The monthly CPI report shows that inflation continues to push severity higher as carriers take rate in response.
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The board intends to maintain lead independent director and chairperson elect John Marchioni following the meeting.
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Supply chain disruptions are impacting material costs and timelines, but the Biden administration’s legislation promises growth.
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The ratings agency praised the insurer’s strong balance sheet and operating performance as well as its adequate risk management.
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The carrier’s results during the quarter were driven by lower underwriting gains in its commercial lines segment.
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Ida soaks the tri-state – and has the potential to affect personal auto carriers more than comparable storms of the past.
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Employment data indicates that easy growth and margin expansion may slow soon.
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CEO John Marchioni also said he expected increases in social inflation trends to return as the economy reopens.
