War losses hit Vantage second-quarter profits
Vantage Group reported $20m profit in Q2, down 45% YoY, citing war-related losses and adverse reserve development. Iran-related catastrophe losses and prior-year financial lines development lifted the Q2 combined ratio to 101.6%. Gross written premiums rose to $473m. Howard Hughes’ parent net income attributable to common stockholders was $158.4m.


