Lancashire slumps to pre-tax loss of $56.8mn as cat losses take toll

11 February 2022

Lancashire Holdings slumped to a 2021 pre-tax loss of $56.8mn, down from a pre-tax profit of $5.9mn in 2020, primarily as a result of heavy cat losses, including Q4 weather events such as Midwest tornadoes and the Australian storms.

Combined ratio: Despite heavy cat losses, Lancashire’s combined ratio improved by 0.5 pts to 107.3%, due to an improved expense ratio of 17.2%,

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