Ark reports strong Q3 top line growth and 88.8% adj CR despite cats
Ark Underwriting delivered a third quarter 91.9 percent combined ratio – or 88.8 percent on an adjusted basis – despite $50mn of cat losses, and gross written premiums up 79 percent to $162mn, but parent White Mountains fell to a $373mn comprehensive loss as it took a hit on its MediaAlpha investment.
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