Exhibit 99.4
PHILADELPHIA INSURANCE COMPANIES
ADDITIONAL SUPPLEMENTAL INFORMATION
FOR THE THREE MONTHS ENDED MARCH 31, 2005
(IN THOUSANDS)
NET LOSS AND LOSS ADJUSTMENT EXPENSES:
Net Incurred Loss and Loss Adjustment Expenses | (1) Net Paid Loss and Loss Adjustment Expenses | |||||||||||||||
For The Three Months Ended | For The Three Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
PRODUCTS | 2005 | 2004 | 2005 | 2004 | ||||||||||||
COMMERCIAL LINES | $ | 90,297 | $ | 73,909 | $ | 11,810 | $ | 46,624 | ||||||||
SPECIALTY LINES | 25,832 | 18,055 | (6,299 | ) | 14,165 | |||||||||||
PERSONAL LINES | 10,342 | 4,279 | 5,373 | 3,640 | ||||||||||||
TOTAL NET LOSS AND LOSS ADJUSTMENT EXPENSES | $ | 126,471 | $ | 96,243 | $ | 10,884 | $ | 64,429 | ||||||||
Net Loss & Lae Reserves @ March 31, 2005 | $ | 787,307 | ||||||||||||||
Taxable Equivalent Yield @ March 31, 2005 | 4.7 | % | ||||||||||||||
Portfolio Duration @ March 31, 2005 | 4.1 yrs | |||||||||||||||
Book Value Per Common Share @ March 31, 2005 | $ | 30.37 | ||||||||||||||
Shares Repurchased During the Three Months Ended March 31, 2005 | 0 | |||||||||||||||
(1) | During February 2005, the Company entered into a Reinsurance Commutation and Release Agreement effective as of January 1, 2005 with respect to the 2003 Whole Account Net Quota Share Reinsurance contract. As a result of this commutation, the Company increased its net Unpaid Loss and Loss Adjustment Expenses and decreased its Net Paid Loss and Loss Adjustment Expenses by $64.3 million. |