Exhibit 28 Consolidated Schedule P
Schedule P - Part 1 OLD REPUBLIC INTERNATIONAL CORPORATION CONSOLIDATED - GRAND TOTAL - ($ in thousands) (a)
Premiums
were earned Allocated Unallocated Loss & Loss
& Losses Premiums Loss Salvage Loss Expense Loss Expense Expense # of Claims
incurred Earned Payments Received Payments Ratio Payments Ratio Payments Ratio Outstanding
- ----------- ----------- ----------- ---------- ------------ -------- ------------ -------- ----------- -------- ------------
<s> <c> <c> <c> <c> <c> <c> <c> <c> <c> <c>
Prior $8,817,840 $5,200,664 $267,583 $668,720 12.86% $230,176 4.43% $6,099,560 69.17% XXX
1995 850,211 442,952 25,894 59,187 13.36% 33,164 7.49% 535,303 62.96% XXX
1996 846,760 491,558 29,384 63,886 13.00% 39,092 7.95% 594,536 70.21% XXX
1997 879,848 571,551 37,231 73,877 12.93% 41,042 7.18% 686,470 78.02% XXX
1998 867,430 585,935 38,969 65,727 11.22% 46,117 7.87% 697,779 80.44% XXX
1999 815,115 556,983 41,192 47,622 8.55% 59,808 10.74% 664,413 81.51% XXX
2000 812,907 489,728 31,658 47,373 9.67% 54,924 11.22% 592,025 72.83% XXX
2001 940,884 510,120 28,341 44,049 8.64% 51,703 10.14% 605,872 64.39% XXX
2002 1,103,127 436,703 27,764 34,401 7.88% 54,183 12.41% 525,287 47.62% XXX
2003 1,288,949 397,029 30,688 18,923 4.77% 50,796 12.79% 466,748 36.21% XXX
2004 1,509,312 260,988 18,586 6,743 2.58% 48,650 18.64% 316,381 20.96% XXX
----------- ----------- ---------- ------------ -------- ----------- -------- ----------- -------- ------------
Totals $18,732,383 $9,944,211 $577,290 $1,130,508 11.37% $709,655 7.14% $11,784,374 62.91% XXX
=========== =========== ========== ============ ======== =========== ======== =========== ======== ============
(a) Prepared in accordance with the 2004 guidelines set by the NAIC.
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Exhibit 28 Consolidated Schedule P
Schedule P - Part 1 OLD REPUBLIC INTERNATIONAL CORPORATION CONSOLIDATED - GRAND TOTAL - ($ in thousands) (a)
Premiums Total Loss
were earned Unpaid & Loss
& Losses Unpaid Loss Expense 2004
incurred Losses Expense Incurred Ratio
- ----------- ----------- ---------- ----------- --------
<s> <c> <c> <c> <c>
Prior $489,851 $51,193 $6,640,604 75.31%
1995 18,004 2,705 556,012 65.40%
1996 18,577 2,013 615,126 72.64%
1997 19,240 3,340 709,050 80.59%
1998 25,873 4,844 728,496 83.98%
1999 33,489 6,070 703,972 86.36%
2000 60,726 11,178 663,929 81.67%
2001 95,748 19,656 721,276 76.66%
2002 176,092 33,741 735,120 66.64%
2003 328,132 61,487 856,367 66.44%
2004 645,792 125,374 1,087,547 72.06%
----------- ---------- ----------- --------
Totals $1,911,524 $321,601 $14,017,499 74.83%
=========== ========== =========== ========
(a) Prepared in accordance with the 2004 guidelines set by the NAIC.
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