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Through April 30, 2023, written premium for our Group is at $369 million. Our loss ratio is 51.0% (vs. our goal of 51.8%), our loss adjustment expense ratio is 10.0% (vs. our goal of 9.9%), and our underwriting expense ratio is 32.0% (vs. our goal of 33.3%) – adding up to a combined ratio of 93.0%. This solid start to the year for our Group is reassuring after last spring’s CAT season. We look forward to building on these great strides throughout the remainder of the year.
In January, we launched a new set of TV ads, have you seen them yet? These new ads are an extension of the “Power of Nice” campaign that we launched in 2022, and they incorporate a little light-hearted humor. If you haven’t seen them yet, or if you can’t get enough of them, you can view the ads on Western National’s Vimeo page. To view the “Student Driver” ad, click here. To view the “Slippery Slope” ad, click here.
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