Q4-2021 Earnings Report
Results by Line of Business
Our Specialty Commercial Continues to Perform Well.
Three-months ended 12.31.21
PL
CL
$ 236.4 $ 105.5
•
Personal Lines (PL) represents our
homeowners' business and is
performing outside of Florida, but
Commercial Lines (CL) is what we
seek to grow over time.
PL core earnings improved from
the same periods (QTD & YTD) a
year ago.
$ in millions
Total
Gross Premiums Earned
Ceded Premiums Earned
Net Premiums Earned
Investment & Other Income
Unrealized G(L) on Equities
Total Revenue
$ 341.9
(136.6) (60.2)
(196.8)
99.8
45.3
145.1
6.7
1.2
7.9
0.2
1.3
1.5
106.7
47.8
154.5
Underlying Loss & LAE
59.8
16.6
76.5
Current year CAT Loss & LAE
Prior year development
Total Loss
11.5
1.0
12.5
(1.3)
(2.2)
(3.5)
70.0
15.5
85.5
Operating Expense
48.6
24.3
72.9
Total Expenses (excluding interest)
118.7
39.8
158.4
Core Income (Loss) before tax
Core Income (Loss)
SS
$ (11.4) $
6.8 $ (4.6)
$
(6.6) $
5.6 $ (1.0)
Direct Loss Ratio - NonCAT
Direct Loss Ratio - CAT (Current AY)
Gross Expense Ratio
37.0%
7.8%
20.5%
14.8%
1.7% 5.9%
23.1% 21.3%
30.2%
Net Loss Ratio
Net Expense Ratio
Combined Ratio
70.2% 34.3% 58.9%
48.7% 53.7% 50.2%
118.9% 88.0% 109.1%
CAT Loss
PY Development F/(U)
-11.5%
1.3%
Underlying Combined Ratio
108.6%
-2.2%
4.9%
90.7%
-8.6%
2.4%
102.9%
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