Third Quarter Results
Through September 30, 2024, written premium for our Group is at $980 million. Our loss ratio is 52.6% (vs. goal of 52.2%), our loss adjustment expense ratio is 8.5% (vs. goal of 9.6%), and our underwriting expense ratio is 33.1% (vs. goal of 33.5%) – adding up to a combined ratio of 94.2%. These numbers put us in a solid position to meet our year-end financial goals while also preparing us for all that is to come in 2025 and beyond.
With Gratitude
With the holiday season upon us, it is crucial to recognize all that you, our dedicated agency partners, do to diligently serve our mutual policyholders. On behalf of all of us at Western National, thank you for all that you do. We look forward to another prosperous year in 2025, and we wish you and your families a joyous holiday season.
