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Doma’s topline grew in Q4 2021 by 17% to $138mn while adjusted EBITDA fell to negative $36mn from negative $3mn in Q4 2020. -
The carrier’s loss ratio deteriorated to 69.7% from 62.7%, driven by increasing personal and commercial auto losses.
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With no catastrophe losses, premium growth and favorable development lifted Kinsale operating income to $1.76 per share, well ahead of Street expectations.
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GWP rose 15% to $142mn, reflecting growth in new policies written. The company earned $156.4mn in net premiums, an increase of 3% year on year.
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Excluding the effects of cats and reserve developments, AIG’s core loss ratio also improved, decreasing to 59.2% from 60.3%.
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The company’s combined ratio improved to 84.2% for Q4 2021 from 87.3% for Q4 2020.
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Cat contribution on the combined ratio remained around 2% as the company was hit with $18mn cat losses during the last quarter of the year.
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Cincinnati Financial’s book value leaped 22% in 2021 on solid underwriting gains, strong investment results.
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Excluding the effects of cats and reserves during the period, UFG’s underlying loss ratio declined 24.5 percentage points.
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The Iowa-based company posted on Tuesday an earnings per share of $1.69, improving on the prior year and beating a $0.41 estimate from analysts.
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The P&C division grew overall revenue to $633mn in 2021, expanded adjusted Ebitda to $178mn and adjusted Ebitda margins by 210bps to 31.5%.
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CEO Prem Watsa also said his company would prioritize using its capital to grow its P&C business to seize on firm market conditions.
