|
Analysis Of Underwriting Exposure
|
2001
|
2000
|
1999
|
1998
|
1997
|
|
Net Premium Written / Shareholders Equity
|
987.6%
|
762.5%
|
3844.0%
|
2329.3%
|
2056.3%
|
|
Gross Premium Written / Shareholders Equity
|
117.9%
|
1032.3%
|
5068.5%
|
2964.8%
|
2628.5%
|
|
Annual change in Net Premium Written
|
56.3%
|
-70.9%
|
44.3%
|
25.4%
|
-
|
|
Annual change in Gross Premium Written
|
48.9%
|
-70.1%
|
49.5%
|
24.8%
|
-
|
|
Analysis Of Ceded Re-Insurance
Net Premium Written / Gross Premium Written
|
77.5%
|
73.9%
|
75.8%
|
78.6%
|
78.2%
|
|
Analysis Of Assets & Liquidity
Technical Reserves / Liquid Assets
|
91.1%
|
92.2%
|
95.1%
|
103.1%
|
98.8%
|
|
Liabilities / Liquid Assets
|
114.5%
|
123.3%
|
141.7%
|
151.2%
|
147.6%
|
|
Analysis Of Earnings
Expense Ratio
|
9.4%
|
10.8%
|
11.0%
|
12.7%
|
9.7%
|
|
Loss Ratio
|
86.3%
|
80.9%
|
73.9%
|
78.1%
|
81.5%
|
|
Combined Ratio
|
95.7%
|
91.7%
|
84.9%
|
90.8%
|
91.2%
|
|
Overall Operating Ratio
|
84.3%
|
81.0%
|
74.1%
|
82.1%
|
78.1%
|
|
Underwriting Profit / Net Investment Income
Pretax Profit / Average Shareholders Equity
|
12.2%
21.3%
|
48.4%
1.1%
|
111.0%
116.5%
|
69.3%
27.5%
|
43.5%
-
|
|
Analysis Of Reserves
(Technical Reserves + Shareholders Equity) /NPW
|
96.6%
|
111.2%
|
101.8%
|
115.9%
|
119.3%
|
|
Technical Reserves / Net Premium Written
|
86.4%
|
98.1%
|
99.2%
|
111.6%
|
114.4%
|