PHILADELPHIA INSURANCE COMPANIES
ADDITIONAL SUPPLEMENTAL INFORMATION
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2006 AND 2005
(IN THOUSANDS)
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 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 Nine Months Ended | For The Three Months Ended | For The Nine Months Ended | |||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | |||||||||||||||||||||||||||||
PRODUCTS | 2006 | 2005 | 2006 | 2005 | 2006 | 2005 | 2006 | 2005 | ||||||||||||||||||||||||
COMMERCIAL LINES | $ | 54,841 | $ | 107,237 | $ | 250,013 | $ | 280,161 | $ | 65,562 | $ | 53,297 | $ | 193,735 | $ | 157,858 | ||||||||||||||||
SPECIALTY LINES | 26,385 | 25,535 | 74,580 | 75,276 | 16,515 | 10,763 | 48,671 | 33,430 | ||||||||||||||||||||||||
PERSONAL LINES | 3,480 | 9,087 | 12,533 | 28,695 | 4,356 | 9,779 | 14,279 | 25,908 | ||||||||||||||||||||||||
TOTAL | $ | 84,706 | $ | 141,859 | $ | 337,126 | $ | 384,132 | $ | 86,433 | $ | 73,839 | $ | 256,685 | $ | 217,196 | ||||||||||||||||
WHOLE ACCOUNT NET QUOTA SHARE REINSURANCE COMMUTATIONS | 0 | 0 | 0 | 0 | 0 | 0 | (31,804 | ) | (64,283 | ) | ||||||||||||||||||||||
TOTAL NET LOSS AND LOSS ADJUSTMENT EXPENSES | $ | 84,706 | $ | 141,859 | $ | 337,126 | $ | 384,132 | $ | 86,433 | $ | 73,839 | $ | 224,881 | $ | 152,913 | ||||||||||||||||
Net Loss & Loe Reserves @ September 30, 2006 | $ | 1,053,241 | ||||||||||||||||||||||||||||||
Taxable Equivalent Yield @ September 30, 2006 | 5.3 | % | ||||||||||||||||||||||||||||||
Portfolio Duration @ September 30, 2006 | 3.9 | |||||||||||||||||||||||||||||||
Book Value Per Common Share @ September 30, 2006 | $ | 15.29 | ||||||||||||||||||||||||||||||
Shares Repurchased During the Three Months Ended September 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 nine months ended September 30, 2006 and 2005, respectively. |