UPC pegs net Q2 cat loss toll at $21mn amid strategic review
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UPC pegs net Q2 cat loss toll at $21mn amid strategic review

Farhin Lilywala
July 26, 2022
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United Insurance Holdings (UPC) said it estimates current year cat losses incurred at around $21mn for Q2, nearly half of the losses posted in the same period last year.

After tax, the cat loss figure, net of reinsurance, has been pegged at $17mn.

UPC expects adverse development on prior-year losses incurred for the second quarter to total approximately $8mn before income taxes (approximately $6mn after tax), net of reinsurance.

The...

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Farhin Lilywala
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