-
CEO and president Dan Glaser hailed 2021 as the finest year in the company’s history. -
Gross written premiums were up 12% to $337mn, a slowdown from the roughly 18% growth reported in Q3.
-
The company lowered its full-year core loss ratio 2.6 points to 55.1% and posted a $266mn full-year underwriting gain.
-
The firm reported positive earnings results, but the GDP outlook could pose tough comps.
-
Casualty premiums grew 48% and the company raised $663mn in new capital for its alternative capital vehicles.
-
The ratings agency points out that while premiums have increased since 2020, cat losses and inflation in 2021 are comparatively higher.
-
The broker sees slowing GDP, higher cost pressures on clients and rising loss costs that could be impediments to deals getting done as headwinds for the upcoming year.
-
Consolidated Ebitdac margins expanded by 210bps, helped by 420bps of margin expansion in national programs and 120bps of improvement in retail brokerage.
-
The intermediary reports that 2021 premiums jumped 45%, pushing its full-year organic growth up 30%.
-
The firm reported encouraging quarterly earnings, but social inflation and other challenges still loom.
-
The insurer increased its occurrence treaty coverage by $300mn as the aggregate deal shrank, following a full loss to reinsurers in 2021.
-
Truist’s chief insurance officer John Howard said favorable market conditions position the unit for an even better year in 2022.
