| Net premiums earned ($000) |
$158,649,806 |
Components of underwriting, as a percent
of net premiums earned |
|
| Incurred losses |
63.4% |
| Loss adjustment expenses |
12.1 |
| Total loss and loss adjustment expenses |
75.5 |
| Commissions and brokerage expenses incurred |
8.5 |
| Other underwriting expenses incurred |
16.8 |
| Total underwriting expenses incurred |
25.2 |
| Dividends to policyholders |
0.6 |
Investment gains on funds attributable to
insurance transactions and other income |
3.5 |
| Combined ratio after dividends |
101.0 |
| Overall operating ratio (2) |
97.5 |
(1) After reinsurance transactions.
(2) Combined ratio after dividends, minus investment gains on funds attributable to insurance transactions and other income. Calculated by the Insurance Information Institute, based on SNL data.
Source: SNL Financial LC. |