UPC pegs net Q2 cat loss toll at $21mn amid strategic review
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

UPC pegs net Q2 cat loss toll at $21mn amid strategic review

Farhin Lilywala
July 26, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
UPC insurance logo storm damage.jpg

United Insurance Holdings (UPC) said it estimates current year cat losses incurred at around $21mn for Q2, nearly half of the losses posted in the same period last year.

After tax, the cat loss figure, net of reinsurance, has been pegged at $17mn.

UPC expects adverse development on prior-year losses incurred for the second quarter to total approximately $8mn before income taxes (approximately $6mn after tax), net of reinsurance.

The...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsFloridaResultsAmerican CoastalClaims and lossesEarnings
farhin lilywala/farhin lilywala ii us.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article