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Meadowbrook Reports $4.4M Second-Quarter Net Loss

Thursday, August 1, 2013 | 0

Meadowbrook Insurance Group reported a net loss of $4.4 million in the second quarter, compared to a $372,000 net income in the same period last year.Meadowbrook posted a combined ratio of 116% for the quarter. Excluding the impact of quota share surplus relief treaty, the combined ratio was 111.5%.The quarter results include a pre-tax adjustment to net ultimate loss estimates for accident years 2012 and prior of $26.5 million, or 15.1 percentage points. This amount includes $5.2 million from a reinsurance arbitration award and $21.4 million mostly from an isolated territory in the discontinue...

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