UPC Insurance Company Overview and ESG Strategy slide image

UPC Insurance Company Overview and ESG Strategy

$84MM Underlying U/W Profit (1) 89.7% Underlying Combined Ratio (1) NonCAT Loss Ratio CAT Loss Ratio Prior Years' Development Ratio 133% Comparison of Personal & Commercial Lines Commercial has consistently outperformed Personal Lines since our 2017 merger with AmCo Commercial Lines Key Metrics (2020) Personal Lines Key Metrics (2020) $1.0B / $564MM GPE/NPE 43.0% Underlying Pre-Tax ROE (1) Combined Ratio Expense Ratio $390MM / $202MM GPE/NPE $29MM Underlying U/W Profit (1) 42.1% 87.1% Underlying Pre-Tax ROE (1) Underlying Combined Ratio (1) Combined Ratio Expense Ratio NonCAT Loss Ratio CAT Loss Ratio Prior Years' Development Ratio 116% 120% 6% 109% 1% 110% 0% 1% 94% 17% 44% 14% 95% 90% 94% 0% 22% 85% 16% 31% 11% 10% CAT 10% 49% 49% 55% 33% CAT 10% 45% 31% 34% 22% NonCAT 45% NonCAT 30% 50% 43% 45% 45% 45% 50% 50% 54% Exp 40% -1% -4% -2% 2017 2018 2019 2020 Target Pricing 2017 2018 2019 2020 Exp 45% Target Pricing Underlying Combined Ratio (1) Underlying Combined Ratio (1) 99% 100% 92% 90% 85% 81% 84% 87% 75% 67% 2017 (1) 2018 2019 2020 Target Pricing 2017 2018 2019 2020 Target Pricing 7 Excludes CAT losses and prior year development
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