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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The company had assumed 200,000 policies by the end of Q2 and will now “resume growth to a higher number in the future”, Patel told analysts.
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The Inside P&C news team runs you through the earnings results for the day.
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CEO Joseph Brown said that the firm is still engaged in conversations to sell a portion of its insurance operations or the entire company.
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In Q2, 80% of Hippo’s cat losses were caused by five major wind and hail events in Colorado and Texas.
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The program accounted for approximately 7% of company-wide gross written premiums and 2% of net earned premiums over the last four quarters.
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Executives have pointed out that it is becoming increasingly difficult to talk about broader trends as micro-cycles are developing for each line.
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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 segment will now be a non-core part of the business and will no longer be reflected in future reporting, Lacher told analysts on the carrier’s Q2 earnings call on Monday.
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The Inside P&C news team runs you through the earnings results for the day.
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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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Geico’s CoR fell 10.3 points to 94.7%, fueled by higher average premiums per auto policy, a reduction in advertising costs and favorable reserve development.
