Second Quarter Results
Through June 30, 2024, written premium for our Group is at $659 million. Our loss ratio is 53.3% (vs. goal of 52.2%), our loss adjustment expense ratio is 8.8% (vs. goal of 9.6%), and our underwriting expense ratio is 32.5% (vs. goal of 33.5%) – adding up to a combined ratio of 94.6%. Despite an active summer storm season, we are incredibly pleased with these positive numbers. We look forward to carrying this positive momentum through the second half of the year and into 2025.
Ward’s 50
I am pleased to share that Western National was once again named to the Ward’s 50 Benchmark Group of top-performing U.S. property-and-casualty companies. This is the sixteenth consecutive year that we have had the pleasure of being recognized as a top performer in the industry. This recognition would not be possible without the important work of our agency partners and employees, as well as the continued trust and support of our mutual policyholders. Thank you for all you do to help Western National remain a top carrier in the industry.
A.M. Best Top 200 P&C Companies
We are pleased to share that Western National has once again been included in A.M. Best’s list of the Top 200 U.S. Property-and-Casualty Companies. Western National is #92 on the list, which is 11 spots higher than our ranking in 2023. This recognition would not be possible without the hard work of you, our agency partners, and we appreciate all that you do in the service of our mutual policyholders.
