Earnings

With Q4 cat losses relatively benign, the focus in Q4 2021 will be on underlying dynamics including the impact of rate rises, Omicron and the economy.

Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.

The Inside P&C research team looks forward to the big issues of the new year.

Premium renewal rate on the carrier held at 99%, increasing the year-to-date rate to 96% through 30 November.

The Iowa-based carrier reached this milestone for the first time in its history in July.

The carrier’s underlying loss ratio, excluding the effects of catastrophes and prior-year developments, improved to 63% in Q3 from 68.8% the previous year.

Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.

Catastrophe losses push P&C industry CR higher, send industry to underwriting loss for first nine months of the year, AM Best estimates.

Growth continued to slow as the company responds to adverse loss-cost trends.

The firm showed optimism for the future, but are recent gains the new normal or a temporary positive blip?

Metromile reported a contribution loss of $2.1mn in the third quarter compared with a contribution profit of $4.7mn in the prior-year period, as the loss ratio at the auto carrier continued to swell.

Everyone knows the phrase “A jack of all trades is a master of none.” Relatively few people know the continuation of the phrase: “but often times better than a master of one.”