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Universal estimates Q4 cat losses at $76m

February 18, 2021

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.

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