Universal Insurance Holdings, the Florida headquartered and expansive primary insurance carrier, has announced that it expects to incur a total net impact of $76.0 million due to catastrophe losses in Q4.
This figure ($57.7 million after-tax) covers estimated weather events in excess of plan for named hurricanes and PCS events.
Universal also reported prior year development of approximately $23.4 million pre-tax, or $17.8 million after-tax.
The estimate comes ahead of the release of Universal’s Q4 results, which are due to come out on February 26th.
