GM National Insurance Company shares 2024 results

GM National Insurance Company, the licensed carrier that’s part of General Motors, published its 2024 results, the first full year in business.

The company generated ~$20 million in written premiums across 12 states.

The carrier posted a net underwriting loss of $58 million, mainly attributed to underwriting expenses. Loss ratio (loss and loss adjustment expenses) was 177.5% for the year.