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wadegarret

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wadegarret

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Re: nelson1234 post# 45410

Tuesday, 02/20/2018 5:28:02 PM

Tuesday, February 20, 2018 5:28:02 PM

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Nelson- UVE has one time items

I have to re read the report, but it appears $9.2M off Net Income as they are one time.

The current year's quarter included a benefit of $9.2 million (5.0 points on the loss and LAE ratio), reflecting recoveries received from our reinsurance program related to Hurricane Irma (please see "Hurricane Irma Overview" section for additional details), compared to net losses and LAE of $26.6 million (16.2 points) in the fourth quarter of 2016 related to Hurricane Matthew.
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