The company noted a 46-point improvement in its consolidated net loss ratio, which declined to 47% from 93% in the same quarter last year. Its core homeowners’ unit, HHIP, reported a net loss ratio of 55%, down from 113% a year ago. The non-catastrophe (non-PCS) loss ratio improved to 42%, while the PCS loss ratio fell to 13%, helped by a 7-point benefit from reserve releases.