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CNA, Cincinnati Monetary, American Monetary

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Fourth quarter internet earnings at CNA Monetary Corp. was up about 54% to $367 million, and internet earnings for the yr elevated 77% to a file $1.2 billion.

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CNA mentioned its property/casualty segments recorded internet premium development throughout the quarter of 10%, pushed by new-business development of 16%, retention of 85%, and premium will increase of over 5% at renewal.

CEO Dino E. Robusto mentioned CNA in 2023 continued to “lock in favorable phrases and circumstances from the onerous market, which [CNA feels] will largely persist into 2024.”

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P/C logged a This fall mixed ratio of 92.1 — a 1.6-point enchancment from the identical time the yr prior. Disaster losses had been $22 million in comparison with $76 million in This fall 2022.

Underwriting revenue within the fourth quarter and full yr was $186 million and $585 million in comparison with $134 million and $559 million, respectively, in 2022.

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Cincinnati Monetary Corp.

Cincinnati Monetary Corp. file internet fourth quarter internet earnings of about $1.2 billion in comparison with about $1 billion throughout the identical time the prior yr, and reversed a loss for the yr with internet earnings of about $1.8 billion in comparison with a lack of $487 million in 2022.

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Within the firm’s insurance coverage operations, the fourth quarter mixed ratio was 87.5, improved from 94.9 for the fourth quarter of 2022. Full-year 2023 P/C mixed ratio improved 3.2 factors to 94.9 as a consequence of “sound underwriting judgment and decrease disaster losses,” mentioned CEO Steven J. Johnston.

Consolidated P/C underwriting revenue throughout This fall was $252 million in comparison with $93 million for This fall 2022. For the yr, underwriting revenue elevated 186% to $401 million. P/C worth will increase, development initiatives, and better insured exposures drove 13% development in internet premiums written to $1.9 billion.

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Cincinnati Monetary mentioned it had 300 new company appointments in full-year 2023, together with 84 that market solely private strains merchandise.

The non-public strains phase recorded a This fall underwriting revenue of $88 million and a mixed ratio of 84.7. These outcomes in comparison with underwriting revenue of $20 million and a mixed ratio of 95.7 in This fall 2022. The business phase logged underwriting revenue of $85 million from $13 million the yr prior and improved the This fall mixed ratio 6.7 factors to 92.2.

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American Monetary Group

American Monetary Group reported fourth quarter internet earnings of $263 million in comparison with $276 million for the 2022 fourth quarter.

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Internet written premiums in AFG’s specialty P&C operations had been up 8% within the fourth quarter to about $1.4 billion. The combination specialty group completed the final three months of 2023 with a mixed ratio of 87.7—1.1 factors increased that the identical interval in 2022.

Underwriting revenue was $212 million for the 2023 fourth quarter in comparison with $217 million within the fourth quarter of 2022.

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The Property and Transportation Group recorded a fourth quarter underwriting revenue of $67 million, comparatively flat from $68 million in This fall 2022. AFG mentioned beneath common underwriting revenue in crop insurance coverage operations was largely offset by increased year-over yr underwriting income in property & inland marine and non-crop agricultural companies. AFG’s Specialty Casualty Group reported an underwriting revenue of $114 million within the 2023 fourth quarter in comparison with $128 million the yr prior. Greater income employees’ compensation and government legal responsibility companies had been offset by decrease underwriting revenue within the extra and surplus strains enterprise. The Specialty Monetary Group reported an underwriting revenue of $45 million within the fourth quarter of 2023, in comparison with $33 million within the fourth quarter of 2022, primarily on account of increased underwriting revenue in monetary establishments enterprise.

For the total yr 2023 , AFG completed with internet earnings $852 million in comparison with $898 the prior yr.

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