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The Insurance Insider US news team runs you through the earnings results for the day.
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The losses primarily resulted from severe convective storm activity.
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The executive said challenging loss cost trends were contributing to rate rises.
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The Insurance Insider US news team discusses the five biggest issues it is watching as we enter the Q2 earnings cycle.
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Earnings per share were up 10%, while the margin expanded by 1.3 points.
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Reserving trends, pricing declines and hurricane forecasts are causes for concern.
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Stable first half insufficient to counterbalance concerns on reserving trends.
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Investor skepticism visible in stock prices and short interest data over first half of 2024.
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Reserve releases in workers' comp may have been premature despite industry confidence.
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Analysis shows several CEOs with pay diverging from the trendline.
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An “above average” hurricane season could spell disaster, but forecasts are not gospel.