Universal CoR worsens almost 41 points to 139.2% in Q3 absorbing impact from Ian
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Universal CoR worsens almost 41 points to 139.2% in Q3 absorbing impact from Ian

Universal Insurance Fort Lauderdale 2.jpg

Universal's combined ratio spiked nearly 41 points to 139.2% in the third quarter driven by a 42.8-point jump in its loss ratio.

The loss ratio increase reflects $111mn of retained Hurricane Ian losses and a higher attritional initial accident year loss pick, partly offset by lower adverse prior-year reserve development.

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