Clearcover ends Q3 with $127M in premiums

Clearcover has released the financial results of its carrier subsidiary for the third quarter of 2023. The insurer ended the first nine months of the year with 127 million in written premiums, a 20% increase compared to the same period last year.

Clearcover Insurance Company reported a net underwriting loss of $28 million, a 22% increase compared to the first nine of months of 2022.

Based on our analysis, combined ratio was 155% for the first nine months of 2023.