Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Currently focused on becoming more energy efficient, mitigating and adapting to climate change, conserving water and reducing waste.

Social Achievements

• Emphasis on creating an inclusive equal opportunity workplace and inspiring employees to support community relations.

Governance Achievements

• Committed to creating an ethical and transparent organization.

Climate Goals & Targets

Environmental Challenges

• Rising reinsurance and loss costs in the property insurance sector.
• Rising inflation in the form of increased labor and material costs, which drive up claim costs.
• Claim costs impacted by litigated claims in Florida.
• Higher reinsurance costs and more constrained availability for catastrophe excess of loss reinsurance.

Mitigation Strategies

• Implementation of increased rates and inflation guard factors.
• Investment in data analytics to continuously evaluate underwriting criteria and manage exposure to catastrophe and other losses.
• Managing exposure by reducing new business written in certain geographies, non-renewing unprofitable business, increasing rates, and narrowing underwriting requirements.
• Carefully managing exposure by reducing new business written in certain geographies, non-renewing unprofitable business in compliance with regulatory requirements, increasing rates, where permitted by regulators, and narrowing our underwriting requirements.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• hurricanes, severe convective storms, tropical storms, snowstorms, tornadoes, earthquakes, hailstorms, explosions, power outages, fires