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I am pleased to share that Western National was once again named to the Ward’s 50 Benchmark Group of top-performing U.S. property-and-casualty companies. This is the fifteenth consecutive year that we have had the pleasure of being recognized as a top performer in the industry. This recognition would not be possible without the important work of our agency partners and employees, as well as the continued trust and support of our mutual policyholders. Thank you for all you do to help Western National remain a top carrier in the industry.
Through June 30, 2023, written premium for our Group is at $480 million. Our loss ratio is 50.4% (vs. goal of 51.6%), our loss adjustment expense ratio is 9.3% (vs. goal of 10.1%), and our underwriting expense ratio is 31.4% (vs. goal of 33.0%) – adding up to a combined ratio of 91.1%. We are incredibly pleased with these positive numbers, which are largely attributed to a rather mild storm season, and we look forward to building on these great strides in the second half of the year.
