UPC Insurance Company Overview and ESG Strategy
Higher Net AOP CAT Pressuring Results
Reinsurance programs have responded, but exposure management is the long-term solution
Events
1H-2016
1H-2017
1H-2018
16
15
17
1H-2019
24
1H-2020
26
1H-2021
26
Gross CAT Loss
$
32,810 $
36,696 $
Gross Event Severity
$
2,051 $
2,446 $
54,978 $
3,234 $
79,039 $
3,293 $
97,605 $
3,754 $
194,313
7,474
Net CAT Loss
$
18,776 $
32,410 $
23,657 $
Net Event Severity
$
1,174 $
2,161 $
1,392 $
27,459 $
1,144 $
46,917 $ 64,222
1,805 $
2,470
Gross CAT Loss Ratio
Net CAT Loss Ratio
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
10.5%
8.7%
8.3%
9.7%
12.3%
12.1%
7.0%
7.4%
14.2%
12.4%
27.2%
22.0%
0.0%
1H-2016
1H-2017
1H-2018
1H-2019
1H-2020
1H-2021
Gross CAT Loss Ratio
Net CAT Loss Ratio
Winter Storm URI and PCS 2125 were the
main drivers of the increase in 2021
Losses ceded to our AOP CAT program have
helped manage volatility from non-hurricane
CAT events, but exposure reduction is the key
to mitigating AOP CAT risk going forward
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