Submitted by 2ndSifter t3_zy8y3e in wallstreetbets
0dteSPYFDs t1_j27c0e8 wrote
Reply to comment by Cgable01 in Progressive: The Valuation Enigma by 2ndSifter
That’s way higher than average. Generally, you want your combined ratio under 1. Also, more so than the property, social inflation has been one of the main drivers of increased loss costs. Liability claims are far more costly for carriers than properly claims.
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