PHILADELPHIA INSURANCE COMPANIES
ADDITIONAL SUPPLEMENTAL INFORMATION
FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2005 AND 2004
(IN THOUSANDS)
ADDITIONAL SUPPLEMENTAL INFORMATION
FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2005 AND 2004
(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 Twelve Months Ended | For The Three Months Ended | For The Twelve Months Ended | |||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||||||
PRODUCTS | 2005 | 2004 | 2005 | 2004 | 2005 | 2004 | 2005 | 2004 | ||||||||||||||||||||||||
COMMERCIAL LINES | $ | 94,818 | $ | 78,832 | $ | 375,590 | $ | 303,847 | $ | 57,724 | $ | 49,853 | $ | 172,257 | $ | 188,358 | ||||||||||||||||
SPECIALTY LINES | 18,579 | 31,564 | 93,824 | 123,597 | 13,511 | 11,604 | 28,433 | 52,715 | ||||||||||||||||||||||||
PERSONAL LINES | 6,477 | 14,390 | 34,592 | 48,671 | 10,582 | 22,815 | 34,040 | 44,818 | ||||||||||||||||||||||||
TOTAL NET LOSS AND LOSS ADJUSTMENT EXPENSES | $ | 119,874 | $ | 124,786 | $ | 504,006 | $ | 476,115 | $ | 81,817 | $ | 84,272 | $ | 234,730 | $ | 285,891 | ||||||||||||||||
Net Loss & Lae Reserves @ December 31, 2005 | $ | 940,995 | ||
Taxable Equivalent Yield @ December 31, 2005 | 4.8 | % | ||
Portfolio Duration @ December 31, 2005 | 4.0 | yrs | ||
Book Value Per Common Share @ December 31, 2005 | $ | 35.36 | ||
Shares Repurchased During the Three Months Ended December 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. |