Meadowbrook Insurance Group Provides Estimate of $12.5M in Pre-Tax Losses From Severe Weather Related Claim Activity in Q2

Meadowbrook Insurance Group, Inc. MIG today announced that it estimates its second quarter results will include higher than average storm related losses, net of reinsurance, of approximately $12.5 million pre-tax. This estimated amount is approximately $6.3 million pre-tax higher than normal, which will add 3.5 percentage points to the combined ratio and reduce earnings per share by approximately $0.08 per share in the quarter.