Ark has reported a combined ratio of 70% for Q4 2023, an 11-point deterioration on the prior-year period.
For the full year, the White Mountains-owned carrier’s combined ratio was 82%, level with that of 2022.
The
Ark books 70% CoR for Q4 2023, pre-tax income of $109mn
The backed carrier expanded top line by 16% over the quarter.