Horace Mann P&C U/W income wiped out as auto frequency returns to pre-pandemic levels
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Horace Mann P&C U/W income wiped out as auto frequency returns to pre-pandemic levels

Jairo Ibarra
February 01, 2022
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Educator-focused carrier Horace Mann’s underwriting income plunged to $0.3mn in Q4 of 2021 from $16mn a year earlier, as the company’s core underwriting results were hit by a return to pre-pandemic claims frequency in its auto business.

The Illinois-based carrier’s combined ratio spiked to 99.9% from 90.2% in Q4 2020 following a deterioration in its reported loss ratio, which jumped to 71.6%

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NewsHorace MannPersonal auto
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Jairo Ibarra
Senior Reporter
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