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Slide sees Q2’26 net income increase 92.4%, CoR improves to 57.6%
['Kassandra Jimenez-Sanchez']
News news - Reinsurance News
Gross premiums written stood at $508.0 million, increasing 16.7% from the $435.4 million reported in the same period last year.
The increase and year-over-year growth were directly driven by earnings growth from previous increase in voluntary homeowners and Citizens acquired policies.
Total revenue for the quarter went up 47.9% to $386.8 million, compared to $261.6 million in the prior-year period.
Losses and loss adjustment expenses (LAE) incurred, net were $108.7 million, up from $91.4 million in the prior-year period.
Policy acquisition and other underwriting expenses in Q2 2026 were $42.3 million, compared to $32.1 million in the same period last year.