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The CoR for homeowners’ insurance rose to 95.4% from 75.8% in February. -
Workers’ comp releases continue to mask deteriorating reserves in 2023.
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The group-level CoR worsened 4.7-points in the quarter, coming in at 89.4%.
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The MGU is exploring additional third-party capital relationships.
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The homeowners' CoR fell over 32 points sequentially to 75.8%.
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Losses in the NY habitational book drove the shortfall.
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Property, PV and energy lines are driving the carrier’s growth, offsetting long-tail declines
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Premium inflation holds, as loss-cost inflation trends continue to moderate.
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The Insurance Insider news team runs you through the earnings results for the day.
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The carrier said it had also experienced a healthy start to 2024.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Commercial lines difficulties continue to weigh down industry results.
