PHILADELPHIA INSURANCE COMPANIES
ADDITIONAL SUPPLEMENTAL INFORMATION
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2006 AND 2005
(IN THOUSANDS)
ADDITIONAL SUPPLEMENTAL INFORMATION
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2006 AND 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 Six Months Ended | For The Three Months Ended | For The Six Months Ended | |||||||||||||||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||||||||||||
| PRODUCTS | 2006 | 2005 | 2006 | 2005 | 2006 | 2005 | 2006 | 2005 | ||||||||||||||||||||||||
COMMERCIAL LINES | $ | 84,375 | $ | 83,238 | $ | 195,172 | $ | 172,924 | $ | 65,497 | $ | 49,426 | $ | 128,173 | $ | 104,561 | ||||||||||||||||
SPECIALTY LINES | 21,376 | 23,878 | 48,195 | 49,741 | 17,702 | 10,458 | 32,156 | 22,667 | ||||||||||||||||||||||||
PERSONAL LINES | 3,005 | 8,686 | 9,053 | 19,608 | 4,732 | 8,306 | 9,923 | 16,129 | ||||||||||||||||||||||||
TOTAL | $ | 108,755 | $ | 115,802 | $ | 252,420 | $ | 242,273 | $ | 87,931 | $ | 68,190 | $ | 170,252 | $ | 143,357 | ||||||||||||||||
WHOLE ACCOUNT NET QUOTA SHARE REINSURANCE COMMUTATIONS | 0 | 0 | 0 | 0 | 0 | 0 | (31,804 | ) | (64,283 | ) | ||||||||||||||||||||||
TOTAL NET LOSS AND LOSS ADJUSTMENT EXPENSES | $ | 108,755 | $ | 115,802 | $ | 252,420 | $ | 242,273 | $ | 87,931 | $ | 68,190 | $ | 138,448 | $ | 79,074 | ||||||||||||||||
Net Loss & Lae Reserves @ June 30, 2006 | $ | 1,054,968 | ||||||||||||||||||||||||||||||
Taxable Equivalent Yield @ June 30, 2006 | 5.1 | % | ||||||||||||||||||||||||||||||
Portfolio Duration @ June 30, 2006 | 4.1 | |||||||||||||||||||||||||||||||
Book Value Per Common Share @ June 30, 2006 | $ | 13.42 | ||||||||||||||||||||||||||||||
Shares Repurchased During the Three Months Ended June 30, 2006 | 0 | |||||||||||||||||||||||||||||||
| (1) | During February 2006 and 2005, the Company entered into Reinsurance Commutation and Release Agreements effective as of January 1, 2006 and 2005 with respect to the 2004 and 2003 Whole Account Net Quota Share Reinsurance contracts. As a result of these commutations, the Company increased its Net Unpaid Loss and Loss Adjustment Expenses and decreased its Net Paid Loss and Loss Adjustment Expenses by $31.8 million and $64.3 million for the six months ended June 30, 2006 and 2005, respectively. |