Universal’s Q4 CoR improves 30 points to 101.4% as Florida challenges continue
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Universal’s Q4 CoR improves 30 points to 101.4% as Florida challenges continue

Kyoung-son Song
24 February 2023
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Universal’s Q4 combined ratio decreased 30 points year-on-year to 101.4%, driven by a 27-point reduction in its loss ratio, despite ongoing challenges in the Florida market.

The carrier reported a loss ratio of 76.3% in the quarter, driven by a lower current accident-year net loss ratio and lower adverse prior-year reserve development.

Additionally,

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