Heritage Q4 LR up 0.5 pts to 62.4% on $2.2mn reserve charge, higher attritional losses
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Heritage Q4 LR up 0.5 pts to 62.4% on $2.2mn reserve charge, higher attritional losses

Jairo Ibarra
March 02, 2023
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Heritage’s Q4 net loss ratio rose 0.5 points to 62.4% as the Floridian carrier booked $2.2mn in adverse development, compared with the $0.5mn reserve reported a year ago.

The insurer’s Q4 loss ratio figure was also impacted by higher ceded premiums and attritional losses compared to the prior-year period.

Heritage’s

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Jairo Ibarra
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