Predictions? Are we down vs our competitors?
10 replies (most recent on top)
The $1 billion was just June CAT losses, Q2 # is $2.3 billion CAT losses.
111 CR sounds about right, but I haven't seen those numbers
$1 bill in losses and 111 Combined is being reported today. I would non renew all of the shock and frequency policies countrywide, take the hit (fines) by the states, shut down NB and let the remaining business "season" for a while. Rate increases, layoffs, underwriting disciplines, ad cuts are not the answer. When is TW going to wake up?
“Pain”
I’m hoping for a record loss Q2!! Based on the current stock price, it’s not looking good!! Lmao. This ship is sinking and all the life boats are gone. Bankruptcy! Fire Tom, Mario and the rest of the overpaid leaders.
Transformative shrinkage is fueling the death spiral. I’m afraid there is no turning back. We don’t have leadership with enough backbone to acknowledge that.
Gotta wonder which consulting firm we are using now that is steering us into bankruptcy
@bsp+1nA98VDK You know it’s bad when INDIA bout to get TRANSFORMED, ain’t nobody safe no more BOYO!
So far under water they can see the Titanic
I think "Transformative Growth" will be kicked into overdrive with the upcoming numbers. Are there any vendors in Somalia cheaper than the ones in the Philippines? Will all of claims get moved to vendors in Ethiopia? Stay tuned!
Poor Allstate. But wait, I left last year and cashed out while the stock was at $133. GOT YA!!!!!!!!
Will be extremely rough. Expect it in the 106 to 108 combined ratio (hopefully). Losses will be close to $550 million.