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Management remained cautious about the loss cost environment during the company’s Q1 2022 earnings call as the Ukraine-Russia conflict rages on top of domestic exposures.
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Truist Insurance Holdings said prior-year market tailwinds including rising rates, exposure growth and tightening labor markets, remained in Q1.
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The underlying combined ratio in its personal lines segment increased by 7 points as the supply chain crisis bites.
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In the first quarter of 2022, earnings will depend on how firms react to the changing economy.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Traverse City, Michigan-based MGA recorded an adjusted full year loss per share of $0.17.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s news team runs you through the key developments from the week.
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The company reported a pre-tax, pre-divide income of $5.3mn and combined ratio of 105.6%.
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The wholesale broker pointed to its training programs and unique culture as keys to expanding its talent base, but also expects to hire experienced talent.
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The wholesale broker's Q4 organic revenue dipped to 15.4% as the company expanded operating margins by 70 bps.
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Hippo’s stock has plunged 32% to around $2 per share this year, and nearly 80% since the company began trading publicly in August.