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Analysts noted “solid underwriting outperformance” and a lack of reserve strengthening.
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The Bermudian (re)insurer posted a combined ratio of 72 percent in Q1 2019, a 1.4 percentage point increase year on year.
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United Insurance earnings were hit by higher attritional losses, catastrophes, and prior-period development.
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The carrier posted strong earnings in Q1 2019, more than doubling its EPS from a year ago.
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Rate rises and changes to risk selection bolster earnings. -
The Bermudian (re)insurer reported a combined ratio of 88.7 percent in Q1 2019.
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The insurer says that profitability is expected to continue for the rest of 2019.
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The Bermudian total return (re)insurer posted EPS of $0.16 in Q1 2019, driven partly by investments.
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The Floridian missed estimates, but continued diversifying growth outside of Florida.
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The Warren Buffett-headed business reported an underwriting loss for the P&C reinsurance operations in the first quarter.
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Premium rates at Erie Exchange are up 4.4 percent in commercial lines and 3.2 percent in personal lines.
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Pricing in property and casualty (P&C) lines is generally on the upswing, the president of The Hartford said.
