UPC Insurance Company Overview and ESG Strategy
Renewing Policies Only
Personal Lines Renewal Rate Changes Sticking
Renewal Retention Rate Holding Strong
All Personal Lines
Metric
Renewing Policies
Renewal Acceptance
Company Initiated Non-Renewals
Renewal Acceptance xNon-Renewals
2020 Q3
2020 Q4
2021 Q1
2021 Q2
114,162
87.2%
94,765
96,261
85.3%
85.0%
4,397
4,711
5,499
90.3%
89.1%
89.4%
117,616
80.5%
16,204
90.6%
Rate actions taken and planned for the next
12 months are expected to continue these
positive trends and generate improved
underwriting results in Personal Lines
Renewed TIV
Expiring TIV
Additional TIV
Percent Change
Renewed Premium
Expiring Premium
Additional Premium
Percent Change
54,665,320,735
45,289,023,259
46,237,580,569
58,139,263,405
53,347,537,607
1,317,783,128
44,220,235,167
45,141,713,970
56,762,386,238
1,068,788,092
1,095,866,598
1,376,877,167
2.5%
2.4%
2.4%
2.4%
4.1
4
202,368,654
172,838,757
176,691,374
231,499,905
3.9
181,950,753
150,604,356
156,290,267
204,683,180
3.8
3.7
20,417,901
22,234,400
20,401,107
26,816,725
3.6
11.2%
14.8%
13.1%
13.1%
3.5
3.4
Renewal Premium Rate/$1k TIV
3.70
3.82
3.82
3.98
3.3
Expiring Premium Rate/$1k TIV
Monthly Rate Change
3.41
3.41
3.46
3.2
3.61
3.1
8.5%
12.1%
10.4%
10.4%
Q3-20
Q4-20
Premium Rate/$1k TIV
...
Q1-21
Q2-21
Q2 was our best quarter yet and almost reached
$4.00 per $1K of TIV ~$9M per month run rate
â– Renewal Expiring
14View entire presentation