Philadelphia Consolidated Holding (PHLY) 8-K Philadelphia Consolidated Holding Corp. Announces Second Quarter 2003 Reserve Actions

PHILADELPHIA CONSOLIDATED HOLDING CORP. AND SUBSIDIARIES
SUMMARY SEGMENT TOTALS
FOR THE SIX MONTHS ENDED JUNE 30, 2003 AND 2002
(IN THOUSANDS)

	06/30/03		06/30/02		2003 VS. 2002			06/30/03		06/30/02		2003 VS. 2002
	GROSS		GROSS		%			GROSS		GROSS		%
	WRITTEN		WRITTEN		INCREASE			EARNED		EARNED		INCREASE
	PREMIUMS		PREMIUMS		<DECREASE>			PREMIUMS		PREMIUMS		<DECREASE>
COMMERCIAL LINES		281,702		199,029		41.5	%		247,902		169,289		46.4	%
SPECIALTY LINES		71,747		52,324		37.1	%		63,262		43,320		46.0	%
PERSONAL LINES		50,740		45,894		10.6	%		42,018		37,843		11.0	%
TOTAL		404,189		297,247		36.0	%		353,182		250,452		41.0	%

	06/30/03		06/30/02		2003 VS. 2002			06/30/03		06/30/02		2003 VS. 2002
	NET		NET		%			NET		NET		%
	WRITTEN		WRITTEN		INCREASE			EARNED		EARNED		INCREASE
	PREMIUMS		PREMIUMS		<DECREASE>			PREMIUMS		PREMIUMS		<DECREASE>
COMMERCIAL LINES		184,443		161,202		14.4	%		199,226		131,346		51.7	%
SPECIALTY LINES		47,139		48,488		-2.8	%		52,335		39,408		32.8	%
PERSONAL LINES		18,270		25,169		-27.4	%		18,250		18,763		-2.7	%
TOTAL		249,852		234,859		6.4	%		269,811		189,517		42.4	%