It’s combined ratio for the fourth quarter 2009 rose slightly to 98.4 versus 96.0 for the fourth quarter 2008. The company’s combined ratio for the year was 105.8 compared to 109.8 for 2008.
PREDICTION: This company has about 2 years remaining in the 105 to 110 combined range. The future looks bleak – at least the near future. They still need to realize developing losses, vs. depleted premiums.
PREDICTION: You are wrong, the economy recovers and State Auto is back on track like every year the company has been rated A+ by AM Best. That has been EVERY year since 1954. There is something to be said about that…
It’s combined ratio for the fourth quarter 2009 rose slightly to 98.4 versus 96.0 for the fourth quarter 2008. The company’s combined ratio for the year was 105.8 compared to 109.8 for 2008.
PREDICTION: This company has about 2 years remaining in the 105 to 110 combined range. The future looks bleak – at least the near future. They still need to realize developing losses, vs. depleted premiums.
PREDICTION: You are wrong, the economy recovers and State Auto is back on track like every year the company has been rated A+ by AM Best. That has been EVERY year since 1954. There is something to be said about that…