So they have a 64% loss ratio before the wind blows. After exxpenses and maybe a storm, what kind of shape will they be in? They are pretty new (est 2006) to be running a temperature already.
well, first of all, they grew because – state farm is withdrawing. as far as citizens, they will lose money as well as most of these other home owners insurance companies. luckily it will be a small year for hurricanes. but all it takes is one!
From what I understand, the State Farm position hasn’t increased policies issued, just quoted. The insured’s are going out shopping, find that they have a great deal and stay put until they get a notice of non-renewal.
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So they have a 64% loss ratio before the wind blows. After exxpenses and maybe a storm, what kind of shape will they be in? They are pretty new (est 2006) to be running a temperature already.
What you have to do is pull a Poe Financial and write yourself to profitability. It worked well for them didn’t it?
well, first of all, they grew because – state farm is withdrawing. as far as citizens, they will lose money as well as most of these other home owners insurance companies. luckily it will be a small year for hurricanes. but all it takes is one!
From what I understand, the State Farm position hasn’t increased policies issued, just quoted. The insured’s are going out shopping, find that they have a great deal and stay put until they get a notice of non-renewal.