Exhibit 28 Consolidated Schedule P
Schedule P - Part 1 OLD REPUBLIC INTERNATIONAL CORPORATION CONSOLIDATED - GRAND TOTAL - ($ in thousands) (a)
Premiums
were earned Allocated Unallocated
& Losses Premiums Loss Salvage Loss Expense Loss Expense
incurred Earned Payments Received Payments Ratio Payments Ratio
- -------------- ---------------- --------------- ------------ --------------- ----------- --------------- -----------
<s> <c> <c> <c> <c> <c> <c> <c>
Prior $7,074,363 $4,184,254 $223,549 $512,097 12.24% $172,255 4.12%
1993 875,847 470,914 20,972 61,672 13.10% 26,686 5.67%
1994 867,630 469,095 22,046 63,747 13.59% 29,593 6.31%
1995 850,211 438,083 25,640 58,185 13.28% 32,875 7.50%
1996 846,760 484,756 28,716 63,129 13.02% 38,766 8.00%
1997 879,848 562,272 35,771 70,465 12.53% 40,625 7.23%
1998 867,430 568,026 37,671 60,072 10.58% 45,373 7.99%
1999 815,115 525,249 39,045 38,226 7.28% 58,486 11.13%
2000 812,907 424,465 28,049 31,427 7.40% 52,361 12.34%
2001 940,884 378,924 23,245 19,825 5.23% 46,806 12.35%
2002 1,103,127 207,770 14,616 8,305 4.00% 37,443 18.02%
---------------- --------------- ------------ --------------- ----------- --------------- -----------
Totals $15,934,122 $8,713,808 $499,320 $987,150 11.33% $581,269 6.67%
================ =============== ============ =============== =========== =============== ===========
(a) Prepared in accordance with the 2002 guidelines set by the NAIC.
Exhibit 28 Consolidated Schedule P
Schedule P - Part 1 OLD REPUBLIC INTERNATIONAL CORPORATION CONSOLIDATED - GRAND TOTAL - ($ in thousands) (a)
Premiums Total Loss
were earned Loss & Loss Unpaid & Loss
& Losses Expense # of Claims Unpaid Loss Expense 2002
incurred Payments Ratio Outstanding Losses Expense Incurred Ratio
- -------------- ---------------- ----------- -------------- -------------- ------------- ---------------- -----------
<s> <c> <c> <c> <c> <c> <c> <c>
Prior $4,868,606 68.82% XXX $504,096 $56,128 $5,428,830 76.74%
1993 559,272 63.85% XXX 26,778 3,198 589,248 67.28%
1994 562,435 64.82% XXX 19,274 3,393 585,102 67.44%
1995 529,143 62.24% XXX 22,592 3,647 555,382 65.32%
1996 586,651 69.28% XXX 28,148 3,060 617,859 72.97%
1997 673,362 76.53% XXX 31,402 6,239 711,003 80.81%
1998 673,471 77.64% XXX 50,218 9,815 733,504 84.56%
1999 621,961 76.30% XXX 68,237 15,782 705,980 86.61%
2000 508,253 62.52% XXX 126,598 28,265 663,116 81.57%
2001 445,555 47.35% XXX 243,741 50,836 740,132 78.66%
2002 253,518 22.98% XXX 480,869 100,984 835,371 75.73%
---------------- ----------- -------------- -------------- ------------- ---------------- -----------
Totals $10,282,227 64.53% XXX $1,601,953 $281,347 $12,165,527 76.35%
================ =========== ============== ============== ============= ================ ===========
(a) Prepared in accordance with the 2002 guidelines set by the NAIC.
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