HCII combined ratio increased 33% (61 -> 80)UVE increased 58% (88 -> 139)TCHC 33%-58%(113 -> "150-179%") !buyout coming!Just a wild projectionAny comments?
looks like the combined ratio turned out to be 125% with the assumption that (revenue - (loss))/revenue = combined ratioso $ 29,429,441 - -7,382,364 = 3681180536811805/29429441 = 1.25125%Is this how you calculate that, I take it for granted, they post that ratio in form 10-k.Interesting maybe an acquisition of Homewise.
I think this is wrong. I think combined ratio's going to be in the 160-180.Loss ratio is given at 88% and expenses at a percentage of revenues is 83%.If anyone knows how to calculate this or listens to the webcast post combined ratio here.
Announcement in 6 Minutes
Odie, could you shed a little more light on what the hcii your ratio number acutally mean?
Combined ratio is the percentage of revenue use for operations. Loss ratio (claims)+ Expense Ratio (SG&A)= Combined Ratio (anything over 100 is a loss)