Earnings

Inside P&C’s news team runs you through the key developments from the week.

The company reported a pre-tax, pre-divide income of $5.3mn and combined ratio of 105.6%.

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.

The wholesale broker's Q4 organic revenue dipped to 15.4% as the company expanded operating margins by 70 bps.

Hippo’s stock has plunged 32% to around $2 per share this year, and nearly 80% since the company began trading publicly in August.

The home insurance group’s GWP swelled 66% to $120.6mn from the prior year period.

HCI is waiting for the right moment to maximize its chances in Florida.

Burton told analysts that the January 2022 renewals marked the end of the carrier’s portfolio turnaround that had begun in 2017.

The IGI president said the carrier would continue to diversify and grow amid “healthy” market conditions.

Cayman Islands-based Greenlight Re's Q4 results were boosted by $11.5mn of favorable prior-year development and premium increases at its Lloyd’s and financial lines businesses.

Losses and loss adjusted expenses at the Florida-based firm rose to $63mn from $40mn in Q4 2020.

The legacy acquirer reported in its full-year earnings that rising interest rates decreased the fair value of its investment portfolio by $1.2bn.