| LOSSES AND RELATED EXPENSES (2) |
|
| Loss and loss adjustment expense (LAE) ratio |
67.4% |
| Incurred losses |
55.5 |
| Defense and cost containment expenses incurred |
4.6 |
| Adjusting and other expenses incurred |
7.3 |
| UNDERWRITING EXPENSES (3) |
|
| Expense ratio |
28.3% |
| Net commissions and brokerage expenses incurred |
10.5 |
| Taxes, licenses and fees |
2.6 |
| Other acquisition and field supervision expenses incurred |
8.0 |
| General expenses incurred |
7.2 |
| DIVIDENDS TO POLICYHOLDERS (2) |
0.6% |
| COMBINED RATIO AFTER DIVIDENDS (4) |
96.3% |