> | The industry reported a combined ratio of 98%, lower than Q2 2024’s 101% and one of the lowest since Q3 2015 |
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> | The commercial incurred loss ratio came in at 62.2% for Q3 2024 vs. 59.4% year-over-year. Personal was at 65.1% vs. 75.9% in Q3 2024 |
> | The GL incurred loss ratio ticked up to 65.7% vs. 57.8% in Q2 2024 and 62.6% in Q3 2023 |
> | Workers’ compensation continues to worsen, now sitting at 50.8% vs. 46.4% in Q3 2023 |
> | The commercial auto and med-mal loss ratios surprisingly improved in Q3 2024 |