(1). Adjusted operating income is a non-GAAP financial measure. See discussion of "Non-GAAP Financial Measures". (2). Underwriting income is a non-GAAP financial measure. See discussion of "Non-GAAP ...
In addition, we increased our accident year 2025 loss and LAE ratio from 69.0% to 72.0%. We believe these adjustments adequately address the recent increase in California cumulative trauma claim ...
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) reported a net loss of $146.3 million, or $(2.28) per share, for the third quarter of 2023, compared to a net loss of $74.8 million, or $(1.17 ...
Personal Lines current accident year combined ratio, excluding catastrophe losses, improved 11.4 points to 76.8%, from 88.2% in the prior-year quarter. The current accident year loss and LAE ratio, ...
WORCESTER, Mass., July 18, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced a preliminary estimate for second quarter catastrophe losses (1) of $157.1 million, before ...
For Heritage Insurance Holdings HRTG, prudently managing losses and loss adjustment expenses (“LAE”) is central to underwriting profitability and long-term value creation. Losses and LAE are the most ...
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) reported a net loss of $80.1 million, or $(1.25) per diluted share, for the first quarter of 2023, compared to a net loss of $86.3 million, or ...
2 Average shareholders' equity and average tangible shareholders’ equity for the three months ended is the simple average of the beginning and ending balances for the period. Average shareholders’ ...