@topspin43
Doesnโt sound like the auto and homeowners P&C contributed to this gold rush in 2023 even with some higher premiums in 2023 -
From the link you gave:
- Personal Lines loss and loss adjustment expense ratio of 82.2 compared with 73.4 in 2022, including a 0.8 point change from favorable PYD in 2022 to unfavorable PYD in 2023 and 0.7 points of higher CATs. Underlying loss and loss adjustment expense ratio of 74.1 in 2023 compared with 66.8 in 2022, with the increase largely due to higher severity in auto liability and physical damage, and higher non-CAT homeowners losses, partially offset by double-digit earned pricing increases benefiting both auto and homeowners.
This would probably mean that this has to be made up somewhere - like with the people who own the policies - auto ands/or homeowners
ITโS ALWAYS SOMETHING . . . . .. . . .
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