Ian pushes Heritage CoR up by 21 points to 133.3% in Q3
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Ian pushes Heritage CoR up by 21 points to 133.3% in Q3

Farhin Lilywala
November 08, 2022
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Heritage Insurance logo without bar jt.jpg

Heritage's combined ratio deteriorated nearly 21 points to 133.3% in Q3 as the company absorbed its losses from Hurricane Ian in the quarter.

The Floridian's net loss ratio jumped nearly 18 points to 97.6%, driven by a $40mn retention from Ian and slightly lower net earned premium than the prior-year quarter.

The

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NewsResultsFloridaHeritageEarnings
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Farhin Lilywala
Section Editor, Distribution & Specialty
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