data/sec_freq_sev_notes.json

{
  "PGR": {
    "carrier": "PROGRESSIVE CORP/OH/",
    "period": "2026-05-04",
    "frequency": "The favorable development was primarily due to lower than anticipated loss severity and frequency in Florida.",
    "frequency_direction": "decrease",
    "severity": "The favorable development was primarily due to lower than anticipated bodily injury severity, more subrogation and salvage recoveries than anticipated, and lower than anticipated payments on previously closed but reopened property damage claims.",
    "severity_direction": "decrease"
  },
  "ALL": {
    "carrier": "ALLSTATE CORP",
    "period": "2026-04-29",
    "frequency": "Generally, the initial reserves for a new accident year are established based on claim frequency and severity assumptions for different business segments, lines and coverages based on historical relationships to relevant inflation indicators.",
    "frequency_direction": "mixed",
    "severity": "Generally, the initial reserves for a new accident year are established based on claim frequency and severity assumptions for different business segments, lines and coverages based on historical relationships to relevant inflation indicators.",
    "severity_direction": "mixed"
  },
  "MCY": {
    "carrier": "MERCURY GENERAL CORP",
    "period": "2026-05-05",
    "frequency": "The average severity method coupled with the claim count development method provide meaningful information regarding inflation and frequency trends that the Company believes is useful in establishing loss reserves.",
    "frequency_direction": "mixed",
    "severity": "The Company analyzes loss reserves quarterly primarily using the incurred loss method, paid loss method, and average severity method coupled with the claim count development method, as described below.",
    "severity_direction": "mixed"
  },
  "LMND": {
    "carrier": "Lemonade, Inc.",
    "period": "2026-04-30"
  },
  "KMPR": {
    "carrier": "KEMPER Corp",
    "period": "2026-05-06",
    "frequency": "The decrease in personal automobile Adjusted Net Operating Income was primarily driven by higher underlying losses resulting from higher claim severity and frequency in California, lower business volumes, as well as a $28.",
    "frequency_direction": "mixed",
    "severity": "The decrease in personal automobile Adjusted Net Operating Income was primarily driven by higher underlying losses resulting from higher claim severity and frequency in California, lower business volumes, as well as a $28.",
    "severity_direction": "mixed"
  },
  "ROOT": {
    "carrier": "Root, Inc.",
    "period": "2026-05-06",
    "frequency": "We observed a mid-single digit increase in accident period severity per claim and a low-single-digit increase in claim frequency for the three months ended March 31, 2026 compared to the same period in 2025 across our bodily injury, collision, and property damage coverages.",
    "frequency_direction": "increase",
    "severity": "These cost increases have resulted in greater claims severity.",
    "severity_direction": "increase"
  }
}