Page # 62
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - ANALYSIS OF LOSSES AND LOSS EXPENSES
Notes to Schedule P
(1) The Parts of Schedule P:
Part 1 - detailed information on losses and loss expenses.
Part 2 - history of incurred losses and allocated expenses.
Part 3 - history of loss and allocated expense payments.
Part 4 - history of bulk and incurred-but-not reported reserves.
Schedule P Interrogatories
(2) Lines of business A through M and R are groupings of the lines of
business used on Page 14, the state page.
(3) Reinsurance A, B, C, and D (lines N to Q) are:
Reinsurance A = nonproportional property (1988 and subsequent)
Reinsurance B = nonproportional liability (1988 and subsequent)
Reinsurance C = financial lines (1988 and subsequent)
Reinsurance D = old Schedule O line 30 (1987 and prior)
(4) The Instructions to Schedule P contain directions necessary for filling
out Schedule P.
SCHEDULE P - PART 1 - SUMMARY
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| | Premiums Earned | Loss and Loss Expense Payments
| 1 |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 88,456 | 11,846 | 15,230 | 396 | 5,562
| 2. 1984.....| 2,345,677 | 164,417 | 2,181,260 | 1,910,090 | 59,288 | 164,316 | 12,931 | 103,505
| 3. 1985.....| 3,142,333 | 416,447 | 2,725,886 | 2,564,659 | 433,930 | 197,503 | 18,834 | 106,298
| 4. 1986.....| 3,844,761 | 469,224 | 3,375,537 | 2,276,633 | 304,671 | 182,836 | 12,496 | 95,805
| 5. 1987.....| 4,131,013 | 563,250 | 3,567,763 | 2,268,058 | 393,898 | 167,696 | 16,642 | 84,270
| 6. 1988.....| 4,332,667 | 758,689 | 3,573,978 | 2,302,872 | 477,278 | 160,459 | 14,390 | 84,677
| 7. 1989.....| 4,327,680 | 986,791 | 3,340,889 | 2,490,945 | 609,626 | 148,300 | 13,391 | 77,975
| 8. 1990.....| 4,261,322 | 927,403 | 3,333,919 | 2,197,900 | 547,619 | 139,781 | 14,060 | 87,585
| 9. 1991.....| 3,682,715 | 699,588 | 2,983,127 | 1,669,604 | 323,157 | 88,196 | 6,976 | 53,249
|10. 1992.....| 3,156,709 | 696,137 | 2,460,572 | 1,424,277 | 457,679 | 41,524 | 9,981 | 33,957
|11. 1993.....| 2,959,792 | 883,225 | 2,076,567 | 629,787 | 152,727 | 13,129 | 700 | 13,629
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 19,823,281 | 3,771,719 | 1,318,970 | 120,796 | 746,514
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
-----------------------------------------------------------
| Loss and Loss Expense Payments | |
| 1 ------------------------------| 12 |
| Years | 10 | 11 | |
| in Which | | | Number of |
|Premiums Were | Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|--------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| 4,404 | 95,847 | X X X X |
| 2. 1984.....| 107,137 | 2,109,325 | X X X X |
| 3. 1985.....| 111,555 | 2,420,953 | X X X X |
| 4. 1986.....| 119,033 | 2,261,337 | X X X X |
| 5. 1987.....| 113,586 | 2,138,801 | X X X X |
| 6. 1988.....| 118,254 | 2,089,917 | X X X X |
| 7. 1989.....| 125,838 | 2,142,066 | X X X X |
| 8. 1990.....| 132,232 | 1,908,233 | X X X X |
| 9. 1991.....| 132,993 | 1,560,660 | X X X X |
|10. 1992.....| 111,262 | 1,109,403 | X X X X |
|11. 1993.....| 61,074 | 550,563 | X X X X |
|--------------|--------------|--------------|--------------|
|12. Totals ..| 1,137,368 | 18,387,104 | X X X X |
-----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| 1. Prior ...| 476,516 | 170,978 | 187,774 | 697 | 0 | 0 | 100,931 | 4,968
| 2. 1984.....| 76,590 | 5,910 | 174,924 | 125,492 | 0 | 0 | 17,898 | 287
| 3. 1985.....| 94,424 | 31,568 | 76,573 | 3,306 | 0 | 0 | 24,406 | 275
| 4. 1986.....| 86,983 | 12,870 | 81,320 | 2,839 | 0 | 0 | 30,954 | 806
| 5. 1987.....| 109,950 | 20,047 | 105,374 | 3,872 | 0 | 0 | 41,697 | 1,080
| 6. 1988.....| 249,660 | 107,302 | 109,314 | 3,042 | 0 | 0 | 52,123 | 1,292
| 7. 1989.....| 314,904 | 128,605 | 162,082 | 6,636 | 0 | 0 | 70,631 | 2,353
| 8. 1990.....| 392,205 | 156,307 | 215,620 | 19,064 | 0 | 0 | 101,089 | 4,281
| 9. 1991.....| 357,926 | 75,132 | 303,381 | 63,962 | 0 | 0 | 118,988 | 5,285
|10. 1992.....| 462,572 | 140,152 | 374,963 | 87,424 | 0 | 0 | 124,149 | 6,030
|11. 1993.....| 529,030 | 166,991 | 610,231 | 184,223 | 0 | 0 | 141,378 | 11,948
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 3,150,759 | 1,015,862 | 2,401,556 | 500,557 | 0 | 0 | 824,245 | 38,605
-----------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expenses | and Expenses | Direct |
| | Anticipated | Unpaid | Unpaid | and Assumed |
|--------------|--------------|--------------|--------------|-------------|
| | | | | |
| 1. Prior ...| (8,534)| 16,604 | 605,181 | X X X X |
| 2. 1984.....| (8,841)| 4,572 | 142,295 | X X X X |
| 3. 1985.....| (5,445)| 5,737 | 165,993 | X X X X |
| 4. 1986.....| (6,080)| 6,352 | 189,094 | X X X X |
| 5. 1987.....| (7,877)| 7,796 | 239,818 | X X X X |
| 6. 1988.....| (11,014)| 10,741 | 310,201 | X X X X |
| 7. 1989.....| (14,021)| 14,821 | 424,844 | X X X X |
| 8. 1990.....| (16,718)| 20,994 | 550,256 | X X X X |
| 9. 1991.....| (18,167)| 26,030 | 661,946 | X X X X |
|10. 1992.....| (18,175)| 34,124 | 762,202 | X X X X |
|11. 1993.....| (23,781)| 49,471 | 966,948 | X X X X |
|--------------|--------------|--------------|--------------|-------------|
|12. Totals ..| (138,653)| 197,241 | 5,018,777 | X X X X |
-------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 861 | 3,502
| 2. 1984.....| 2,455,528 | 203,908 | 2,251,620 | 104.7 | 124.0 | 103.2 | 866 | 1,377
| 3. 1985.....| 3,074,857 | 487,912 | 2,586,945 | 97.9 | 117.2 | 94.9 | 1,564 | 1,714
| 4. 1986.....| 2,784,112 | 333,682 | 2,450,430 | 72.4 | 71.1 | 72.6 | 2,199 | 1,738
| 5. 1987.....| 2,814,158 | 435,539 | 2,378,619 | 68.1 | 77.3 | 66.7 | 2,692 | 2,016
| 6. 1988.....| 3,003,423 | 603,304 | 2,400,118 | 69.3 | 79.5 | 67.2 | 3,834 | 2,399
| 7. 1989.....| 3,327,520 | 760,611 | 2,566,910 | 76.9 | 77.1 | 76.8 | 5,295 | 3,022
| 8. 1990.....| 3,199,821 | 741,332 | 2,458,489 | 75.1 | 79.9 | 73.7 | 5,987 | 3,154
| 9. 1991.....| 2,697,117 | 474,511 | 2,222,606 | 73.2 | 67.8 | 74.5 | 5,056 | 3,072
|10. 1992.....| 2,572,872 | 701,267 | 1,871,605 | 81.5 | 100.7 | 76.1 | 4,282 | 3,131
|11. 1993.....| 2,034,100 | 516,589 | 1,517,511 | 68.7 | 58.5 | 73.1 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 32,636 | 25,125
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
-----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| |Inter-Company |-----------------------------|
| | Pooling | 34 | 35 |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|--------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| X X X X | 491,754 | 109,064 |
| 2. 1984.....| 0.0 | 119,246 | 20,806 |
| 3. 1985.....| 0.0 | 134,560 | 28,155 |
| 4. 1986.....| 0.0 | 150,395 | 34,762 |
| 5. 1987.....| 0.0 | 188,713 | 46,397 |
| 6. 1988.....| 0.0 | 244,795 | 59,173 |
| 7. 1989.....| 0.0 | 336,450 | 80,077 |
| 8. 1990.....| 0.0 | 426,467 | 114,648 |
| 9. 1991.....| 0.0 | 517,156 | 136,661 |
|10. 1992.....| 0.0 | 605,677 | 149,112 |
|11. 1993.....| 0.0 | 788,048 | 178,901 |
|--------------|--------------|--------------|--------------|
|12. Totals ..| X X X X | 4,003,260 | 957,756 |
-----------------------------------------------------------
Page 63
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY
AND ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 2 - SUMMARY
------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported At Year End (000 omitted)
| Years in Which |----------------------------------------------------------------------------------------------------
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
|-------------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| | | | | | | | |
| 1. Prior ......| 1,545,889 * | 1,710,404 | 1,768,641 | 1,867,332 | 1,991,169 | 2,095,578 | 2,166,262 |
| 2. 1984........| 1,762,739 | 1,888,468 | 1,935,699 | 1,971,381 | 2,018,840 | 2,047,837 | 2,061,716 |
| 3. 1985........| X X X X | 2,128,948 | 2,229,789 | 2,253,074 | 2,325,580 | 2,380,464 | 2,415,002 |
| 4. 1986........| X X X X | X X X X | 2,380,670 | 2,320,255 | 2,295,049 | 2,246,813 | 2,266,851 |
| 5. 1987........| X X X X | X X X X | X X X X | 2,415,688 | 2,281,257 | 2,198,839 | 2,228,024 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 2,305,379 | 2,245,300 | 2,322,481 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 2,462,371 | 2,411,021 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 2,385,841 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
|------------------------------------------------------------------------------------------------------------------------
| 12. Totals .........................................................................................................
------------------------------------------------------------------------------------------------------------------------
*Reported reserves only. Subsequent development relates only to subsequent payments and reserves.
**Current year less first or second prior year, showing (redundant) or adverse.
<FN>
----------------------------------------------------------------------------------------
| 1 | Development** |
| Years in Which ------------------------------------------|---------------------------|
| Losses Were | 9 | 10 | 11 | 12 | 13 |
| Incurred | 1991 | 1992 | 1993 | One Year | Two Year |
|--------------------|------------|-------------|-------------|-------------|-------------|
| | | | | | |
| | | | | | |
| 1. Prior ...... | 2,290,507 | 2,365,601 | 2,511,406 | 145,805 | 220,899 |
| 2. 1984........ | 2,084,627 | 2,103,491 | 2,139,911 | 36,420 | 55,284 |
| 3. 1985........ | 2,434,176 | 2,441,724 | 2,469,653 | 27,929 | 35,477 |
| 4. 1986........ | 2,283,007 | 2,303,983 | 2,325,045 | 21,062 | 42,038 |
| 5. 1987........ | 2,204,680 | 2,229,385 | 2,257,237 | 27,852 | 52,557 |
| 6. 1988........ | 2,218,077 | 2,255,781 | 2,271,123 | 15,342 | 53,046 |
| 7. 1989........ | 2,439,506 | 2,402,185 | 2,426,250 | 24,065 | (13,256)|
| 8. 1990........ | 2,370,039 | 2,340,530 | 2,305,263 | (35,267)| (64,776)|
| 9. 1991........ | 2,249,276 | 2,174,594 | 2,063,583 | (111,011)| (185,693)|
| 10. 1992........ | X X X X | 1,831,554 | 1,726,219 | (105,335)| X X X X |
| 11. 1993........ | X X X X | X X X X | 1,406,965 | X X X X | X X X X |
|------------------------------------------------------------ |-------------|-------------|
| 12. Totals ............................................. | 46,862 | 195,576 |
----------------------------------------------------------------------------------------
SCHEDULE P - PART 3 - SUMMARY
------------------------------------------------------------------------------------------------------------------------
| |
| 1 | Cumulative Paid Losses and Allocated Expenses At Year End (000 omitted)
| Years in Which |----------------------------------------------------------------------------------------------------
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|-------------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior ......| 000 | 497,504 | 865,653 | 1,150,128 | 1,347,860 | 1,509,841 | 1,647,861 |
| 2. 1984........| 744,388 | 1,241,764 | 1,484,362 | 1,649,653 | 1,760,746 | 1,847,814 | 1,925,147 |
| 3. 1985........| X X X X | 877,117 | 1,477,411 | 1,772,308 | 1,966,184 | 2,105,231 | 2,197,999 |
| 4. 1986........| X X X X | X X X X | 823,675 | 1,342,052 | 1,633,087 | 1,829,361 | 1,964,805 |
| 5. 1987........| X X X X | X X X X | X X X X | 623,238 | 1,087,547 | 1,349,137 | 1,725,565 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 729,935 | 1,260,773 | 1,543,332 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 770,924 | 1,361,936 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 751,137 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
Note: Net of salvage and subrogation received.
<FN>
----------------------------------------------------------------------------------------
| | 12 | 13 |
| 1 | Number of | Number of |
| Years in Which ------------------------------------------| Claims | Claims |
| Losses Were | 9 | 10 | 11 | Closed With | Closed |
| Incurred | 1991 | 1992 | 1993 | Loss |Without Loss |
| | | | | Payment | Payment |
|-------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior ......| 1,746,029 | 1,831,386 | 1,922,829 | X X X X | X X X X |
| 2. 1984........| 1,963,982 | 1,987,803 | 2,002,188 | X X X X | X X X X |
| 3. 1985........| 2,252,315 | 2,279,081 | 2,309,398 | X X X X | X X X X |
| 4. 1986........| 2,053,589 | 2,110,387 | 2,142,303 | X X X X | X X X X |
| 5. 1987........| 1,892,354 | 1,971,535 | 2,025,215 | X X X X | X X X X |
| 6. 1988........| 1,756,160 | 1,896,074 | 1,971,662 | X X X X | X X X X |
| 7. 1989........| 1,687,467 | 1,885,933 | 2,016,227 | X X X X | X X X X |
| 8. 1990........| 1,301,579 | 1,578,159 | 1,776,001 | X X X X | X X X X |
| 9. 1991........| 726,068 | 1,175,879 | 1,427,667 | X X X X | X X X X |
| 10. 1992........| X X X X | 612,444 | 998,141 | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | 489,488 | X X X X | X X X X |
----------------------------------------------------------------------------------------
SCHEDULE P - PART 4 - SUMMARY
----------------------------------------------------------------------------------------------------------
| 1 |Bulk and Incurred But Not Reported Reserves on Losses and Allocated Expenses at Year-End
(000 omitted)
| Years in Which | ------------------------------------------------------------------------------------
| Losses | 2 | 3 | 4 | 5 | 6 | 7 |
| Were Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
|--------------------|--------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | |
| 1. Prior .....| 529,378 | 388,421 | 220,904 | 136,995 | 113,706 | 107,174 |
| 2. 1984.......| 510,719 | 285,217 | 171,810 | 96,193 | 69,065 | 57,767 |
| 3. 1985.......| X X X X | 703,475 | 351,758 | 179,756 | 121,181 | 94,278 |
| 4. 1986.......| X X X X | X X X X | 1,020,474 | 594,826 | 364,055 | 197,289 |
| 5. 1987.......| X X X X | X X X X | X X X X | 1,127,701 | 627,775 | 371,146 |
| 6. 1988.......| X X X X | X X X X | X X X X | X X X X | 1,020,671 | 570,817 |
| 7. 1989.......| X X X X | X X X X | X X X X | X X X X | X X X X | 1,075,501 |
| 8. 1990.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
----------------------------------------------------------------------------------------------------------
------------- -------------------------------------------------------
| 1 |
| Years in Which -------------------------------------------------------|
| Losses | 8 | 9 | 10 | 11 |
| Were Incurred | 1990 | 1991 | 1992 | 1993 |
|--------------------| -------------|-------------|-------------|-------------|
| | | | | |
| 1. Prior .....| 105,992 | 162,922 | 192,500 | 283,039 |
| 2. 1984.......| 49,337 | 40,565 | 49,530 | 67,043 |
| 3. 1985.......| 83,588 | 78,376 | 83,806 | 97,400 |
| 4. 1986.......| 140,031 | 100,097 | 94,655 | 108,629 |
| 5. 1987.......| 278,832 | 142,554 | 139,982 | 142,119 |
| 6. 1988.......| 454,541 | 213,819 | 187,986 | 157,103 |
| 7. 1989.......| 601,064 | 412,463 | 271,885 | 223,724 |
| 8. 1990.......| 1,026,590 | 626,343 | 438,738 | 293,364 |
| 9. 1991.......| X X X X | 919,318 | 612,846 | 353,122 |
| 10. 1992.......| X X X X | X X X X | 722,765 | 405,658 |
| 11. 1993.......| X X X X | X X X X | X X X X | 555,438 |
-------------------- -------------------------------------------------------
Page: Page 72
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1H - SECTION 1 - OTHER LIABILITY - OCCURRENCE
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 27,210 | 45 | 10,331 | 127 | 109
| 2. 1984.....| 175,304 | 7,816 | 167,488 | 144,967 | 7,724 | 41,526 | 502 | 3,740
| 3. 1985.....| 269,235 | 21,900 | 247,335 | 179,941 | 18,268 | 45,268 | 814 | 5,094
| 4. 1986.....| 435,955 | 15,114 | 420,841 | 164,102 | 8,714 | 40,392 | 689 | 4,895
| 5. 1987.....| 624,510 | 133,069 | 491,441 | 235,127 | 80,878 | 37,919 | 1,646 | 3,989
| 6. 1988.....| 526,043 | 132,411 | 393,632 | 152,710 | 63,572 | 26,752 | 1,111 | 3,645
| 7. 1989.....| 290,819 | 66,258 | 224,561 | 94,542 | 44,321 | 15,915 | 617 | 2,519
| 8. 1990.....| 261,224 | 55,253 | 205,971 | 96,804 | 42,268 | 12,925 | 1,515 | 622
| 9. 1991.....| 177,601 | 27,428 | 150,173 | 28,936 | 7,271 | 6,142 | 300 | 430
|10. 1992.....| 116,299 | 14,033 | 102,266 | 7,965 | 657 | 1,263 | 98 | 156
|11. 1993.....| 99,208 | 13,121 | 86,087 | 3,011 | 199 | 338 | 28 | 71
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 1,135,315 | 273,917 | 238,771 | 7,447 | 25,270
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
------------------------------------------------------------
| 1 | |
| ------------------------------| |
| Years | 10 | 11 | 12 |
| in Which | | | Number of |
|Premiums Were | Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------- |--------------|--------------|--------------|
| | | | |
| | | | |
| 1. Prior ... | 443 | 37,812 | X X X X |
| 2. 1984..... | 10,947 | 189,214 | 39,465 |
| 3. 1985..... | 12,132 | 218,259 | 39,885 |
| 4. 1986..... | 11,781 | 206,872 | 32,170 |
| 5. 1987..... | 11,439 | 201,961 | 28,421 |
| 6. 1988..... | 8,166 | 122,945 | 21,382 |
| 7. 1989..... | 5,564 | 71,083 | 14,750 |
| 8. 1990..... | 5,657 | 71,603 | 15,617 |
| 9. 1991..... | 4,475 | 31,982 | 10,963 |
|10. 1992..... | 3,648 | 12,121 | 6,102 |
|11. 1993..... | 1,671 | 4,793 | 3,433 |
|-------------- |--------------|--------------|--------------|
|12. Totals .. | 75,923 | 1,168,645 | X X X X |
------------------------------------------------------------
|--------------|--------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| 56,583 | 18,137 | 60,438 | 508 | 0 | 0 | 50,932 | 4,417
| 2. 1984.....| 5,982 | 253 | 18,846 | 307 | 0 | 0 | 8,442 | 105
| 3. 1985.....| 8,244 | 2,417 | 18,923 | 309 | 0 | 0 | 12,833 | 116
| 4. 1986.....| 9,482 | 586 | 20,043 | 239 | 0 | 0 | 16,096 | 77
| 5. 1987.....| 12,273 | 347 | 24,209 | 278 | 0 | 0 | 18,269 | 119
| 6. 1988.....| 15,315 | 313 | 20,869 | 370 | 0 | 0 | 16,538 | 156
| 7. 1989.....| 17,262 | 504 | 26,624 | 614 | 0 | 0 | 15,251 | 253
| 8. 1990.....| 15,597 | 922 | 38,466 | 2,106 | 0 | 0 | 19,472 | 824
| 9. 1991.....| 20,567 | 3,287 | 42,053 | 4,411 | 0 | 0 | 20,219 | 2,668
|10. 1992.....| 13,934 | 1,475 | 37,349 | 3,192 | 0 | 0 | 14,882 | 2,306
|11. 1993.....| 7,103 | 479 | 39,360 | 3,827 | 0 | 0 | 14,199 | 1,808
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 182,342 | 28,720 | 347,180 | 16,161 | 0 | 0 | 207,133 | 12,849
-----------------------------------------------------------------------------------------------------------------------------------
|-------------- ---------------------------------------------------------------
| | | | |
| | 21 | 22 | 23 | 24
| | | | |
| | Salvage | Unallocated | Total | Number of Claims
| | and | Loss | Net Losses | Outstanding-
| | Subrogation | Expenses | and Expenses | Direct and
| | Anticipated | Unpaid | Unpaid | Assumed
|-------------- |--------------|--------------|--------------------------------
| | | | |
| | | | |
| 1. Prior ... | (949)| 4,649 | 149,540 | 581
| 2. 1984..... | (442)| 1,175 | 33,780 | 132
| 3. 1985..... | (600)| 1,859 | 39,017 | 163
| 4. 1986..... | (686)| 1,997 | 46,716 | 220
| 5. 1987..... | (779)| 2,666 | 56,673 | 243
| 6. 1988..... | (740)| 2,135 | 54,018 | 265
| 7. 1989..... | (561)| 2,721 | 60,487 | 387
| 8. 1990..... | (539)| 2,810 | 72,493 | 581
| 9. 1991..... | (394)| 3,499 | 75,972 | 674
|10. 1992..... | (311)| 2,713 | 61,905 | 613
|11. 1993..... | (273)| 2,693 | 57,241 | 794
|-------------- |--------------|--------------|--------------|---------------
|12. Totals .. | (6,274)| 28,917 | 707,842 | 4,653
----------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | | | | | | | |
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
| 2. 1984.....| 231,885 | 8,891 | 222,994 | 132.3 | 113.8 | 133.1 | 0 | 0
| 3. 1985.....| 279,200 | 21,924 | 257,276 | 103.7 | 100.1 | 104.0 | 0 | 0
| 4. 1986.....| 263,893 | 10,305 | 253,588 | 60.5 | 68.2 | 60.3 | 0 | 0
| 5. 1987.....| 341,902 | 83,268 | 258,634 | 54.7 | 62.6 | 52.6 | 0 | 0
| 6. 1988.....| 242,485 | 65,522 | 176,963 | 46.1 | 49.5 | 45.0 | 0 | 0
| 7. 1989.....| 177,879 | 46,309 | 131,570 | 61.2 | 69.9 | 58.6 | 0 | 0
| 8. 1990.....| 191,731 | 47,635 | 144,096 | 73.4 | 86.2 | 70.0 | 0 | 0
| 9. 1991.....| 125,891 | 17,937 | 107,954 | 70.9 | 65.4 | 71.9 | 0 | 0
|10. 1992.....| 81,754 | 7,728 | 74,026 | 70.3 | 55.1 | 72.4 | 0 | 0
|11. 1993.....| 68,375 | 6,341 | 62,034 | 68.9 | 48.3 | 72.1 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------- -
| | | Net Balance Sheet Reserves||
| | 33 | After Discount ||
| | |-----------------------------||
| |Inter-Company | 34 | 35 ||
| | Pooling | | Loss ||
| |Participation | Losses | Expenses ||
| | Percentage | Unpaid | Unpaid ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| X X X X | 98,376 | 51,164 ||
| 2. 1984.....| 0.0 | 24,268 | 9,512 ||
| 3. 1985.....| 0.0 | 24,441 | 14,576 ||
| 4. 1986.....| 0.0 | 28,700 | 18,016 ||
| 5. 1987.....| 0.0 | 35,857 | 20,816 ||
| 6. 1988.....| 0.0 | 35,501 | 18,517 ||
| 7. 1989.....| 0.0 | 42,768 | 17,719 ||
| 8. 1990.....| 0.0 | 51,035 | 21,458 ||
| 9. 1991.....| 0.0 | 54,922 | 21,050 ||
|10. 1992.....| 0.0 | 46,616 | 15,289 ||
|11. 1993.....| 0.0 | 42,157 | 15,084 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| X X X X | 484,641 | 223,201 ||
----------------------------------------------------------- -
Page: Page 64
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1A - HOMEOWNERS/FARMOWNERS
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 242 | 7 | 33 | 0 | 3
| 2. 1984.....| 197,142 | 8,077 | 189,065 | 132,126 | 4,910 | 3,215 | 93 | 1,864
| 3. 1985.....| 227,650 | 16,606 | 211,044 | 181,514 | 22,379 | 4,548 | (97)| 1,584
| 4. 1986.....| 246,295 | 15,410 | 230,885 | 139,606 | 4,909 | 3,920 | (103)| 2,171
| 5. 1987.....| 244,766 | 5,446 | 239,320 | 121,125 | 443 | 3,688 | 62 | 1,496
| 6. 1988.....| 228,322 | 4,738 | 223,584 | 120,323 | 11 | 3,817 | 66 | 2,345
| 7. 1989.....| 221,373 | 4,005 | 217,368 | 153,990 | 8,744 | 4,134 | 274 | 2,114
| 8. 1990.....| 221,970 | 6,038 | 215,932 | 131,131 | (49)| 4,653 | 51 | 1,531
| 9. 1991.....| 223,033 | 5,060 | 217,973 | 154,331 | 320 | 3,307 | 104 | 1,546
|10. 1992.....| 205,577 | 9,150 | 196,427 | 239,504 | 71,457 | 2,129 | 2,699 | 872
|11. 1993.....| 174,684 | 19,202 | 155,482 | 77,702 | 3,973 | 592 | 20 | 185
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 1,451,594 | 117,104 | 34,036 | 3,169 | 15,711
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
------------------------------------------------------------
| 1 | | |
| |------------------------------| |
| Years | 10 | 11 | 12 |
| in Which | | | Number of |
|Premiums Were | Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|--------------| --------------|--------------|--------------|
| | | | |
| | | | |
| 1. Prior ...| 7 | 275 | X X X X |
| 2. 1984.....| 10,646 | 140,984 | 70,014 |
| 3. 1985.....| 11,817 | 175,597 | 84,679 |
| 4. 1986.....| 15,282 | 154,002 | 67,406 |
| 5. 1987.....| 13,880 | 138,188 | 62,510 |
| 6. 1988.....| 12,635 | 136,698 | 59,141 |
| 7. 1989.....| 15,916 | 165,022 | 75,010 |
| 8. 1990.....| 16,734 | 152,516 | 66,704 |
| 9. 1991.....| 18,149 | 175,363 | 74,221 |
|10. 1992.....| 18,407 | 185,884 | 64,711 |
|11. 1993.....| 13,669 | 87,970 | 51,745 |
|--------------| --------------|--------------|--------------|
|12. Totals ..| 147,142 | 1,512,499 | X X X X |
------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| 79 | 12 | (3)| 0 | 0 | 0 | 11 | 0
| 2. 1984.....| 53 | 0 | 34 | 0 | 0 | 0 | 14 | 0
| 3. 1985.....| 498 | 0 | 81 | 1 | 0 | 0 | 79 | 0
| 4. 1986.....| 814 | 0 | 427 | 1 | 0 | 0 | 90 | 0
| 5. 1987.....| 1,275 | 0 | 1,135 | 1 | 0 | 0 | 73 | 0
| 6. 1988.....| 968 | 0 | 602 | 3 | 0 | 0 | 118 | 0
| 7. 1989.....| 1,927 | 1 | 675 | 57 | 0 | 0 | 301 | 0
| 8. 1990.....| 3,188 | 0 | 523 | 3 | 0 | 0 | 564 | 0
| 9. 1991.....| 5,571 | 8 | 1,204 | 1 | 0 | 0 | 1,030 | 1
|10. 1992.....| 10,378 | 752 | 2,089 | 4 | 0 | 0 | 2,103 | 122
|11. 1993.....| 25,888 | 2,586 | 9,103 | 1,110 | 0 | 0 | 5,759 | 549
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 50,639 | 3,359 | 15,870 | 1,181 | 0 | 0 | 10,142 | 672
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------
| | | | |
| | 21 | 22 | 23 | 24
| | | | |
| | Salvage | Unallocated | Total | Number of
| | and | Loss | Net Losses | Claims
| | Subrogation | Expenses | and Expenses | Outstanding-
| | Anticipated | Unpaid | Unpaid | Direct and Assumed
|--------------|--------------|--------------|--------------|-----------------
| | | | |
| | | | |
| 1. Prior ...| (3)| 4 | 79 | 10
| 2. 1984.....| (3)| 6 | 107 | 7
| 3. 1985.....| (13)| 26 | 683 | 5
| 4. 1986.....| (35)| 32 | 1,362 | 12
| 5. 1987.....| (63)| 28 | 2,510 | 17
| 6. 1988.....| (197)| 44 | 1,729 | 27
| 7. 1989.....| (341)| 107 | 2,952 | 73
| 8. 1990.....| (515)| 204 | 4,476 | 138
| 9. 1991.....| (679)| 375 | 8,170 | 273
|10. 1992.....| (947)| 765 | 14,457 | 671
|11. 1993.....| (1,108)| 2,262 | 38,767 | 4,769
|--------------|--------------|--------------|--------------|-------------
|12. Totals ..| (3,904)| 3,853 | 75,292 | 6,002
------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | | | | | | | |
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
| 2. 1984.....| 146,094 | 5,003 | 141,091 | 74.1 | 61.9 | 74.6 | 0 | 0
| 3. 1985.....| 198,563 | 22,283 | 176,280 | 87.2 | 134.2 | 83.5 | 0 | 0
| 4. 1986.....| 160,171 | 4,807 | 155,364 | 65.0 | 31.2 | 67.3 | 0 | 0
| 5. 1987.....| 141,204 | 506 | 140,698 | 57.7 | 9.3 | 58.8 | 0 | 0
| 6. 1988.....| 138,507 | 80 | 138,427 | 60.7 | 1.7 | 61.9 | 0 | 0
| 7. 1989.....| 177,050 | 9,076 | 167,974 | 80.0 | 226.6 | 77.3 | 0 | 0
| 8. 1990.....| 156,997 | 5 | 156,992 | 70.7 | 0.1 | 72.7 | 0 | 0
| 9. 1991.....| 183,967 | 434 | 183,533 | 82.5 | 8.6 | 84.2 | 0 | 0
|10. 1992.....| 275,375 | 75,034 | 200,341 | 134.0 | 820.0 | 102.0 | 0 | 0
|11. 1993.....| 134,975 | 8,238 | 126,737 | 77.3 | 42.9 | 81.5 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------- -
| | | Net Balance Sheet Reserves||
| | 33 | After Discount ||
| | |-----------------------------||
| |Inter-Company | 34 | 35 ||
| | Pooling | | Loss ||
| |Participation | Losses | Expenses ||
| | Percentage | Unpaid | Unpaid ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| X X X X | 64 | 15 ||
| 2. 1984.....| 0.0 | 87 | 20 ||
| 3. 1985.....| 0.0 | 578 | 105 ||
| 4. 1986.....| 0.0 | 1,240 | 122 ||
| 5. 1987.....| 0.0 | 2,409 | 101 ||
| 6. 1988.....| 0.0 | 1,567 | 162 ||
| 7. 1989.....| 0.0 | 2,544 | 408 ||
| 8. 1990.....| 0.0 | 3,708 | 768 ||
| 9. 1991.....| 0.0 | 6,766 | 1,404 ||
|10. 1992.....| 0.0 | 11,711 | 2,746 ||
|11. 1993.....| 0.0 | 31,295 | 7,472 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| X X X X | 61,969 | 13,323 ||
----------------------------------------------------------- -
Page: Page 65
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993
OF THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1B - PRIVATE PASSENGER AUTO
LIABILITY/MEDICAL
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 2,277 | 164 | 213 | 5 | 34
| 2. 1984.....| 326,959 | 15,563 | 311,396 | 310,886 | 22,057 | 14,851 | 509 | 4,911
| 3. 1985.....| 362,303 | 27,468 | 334,835 | 338,950 | 25,688 | 17,384 | 577 | 5,238
| 4. 1986.....| 375,875 | 28,452 | 347,423 | 330,062 | 28,022 | 17,105 | 902 | 5,558
| 5. 1987.....| 384,704 | 37,207 | 347,497 | 326,444 | 38,003 | 15,093 | 1,120 | 4,875
| 6. 1988.....| 398,017 | 55,787 | 342,230 | 325,457 | 47,927 | 15,854 | 1,524 | 4,992
| 7. 1989.....| 416,775 | 61,260 | 355,515 | 335,141 | 49,736 | 15,078 | 1,799 | 4,793
| 8. 1990.....| 440,104 | 57,837 | 382,267 | 307,900 | 42,902 | 14,195 | 1,464 | 4,959
| 9. 1991.....| 450,711 | 26,970 | 423,741 | 268,969 | 14,884 | 13,787 | 543 | 4,916
|10. 1992.....| 366,643 | 8,381 | 358,262 | 153,045 | 2,936 | 6,640 | 53 | 2,934
|11. 1993.....| 337,348 | 5,911 | 331,437 | 70,451 | 1,013 | 2,588 | 5 | 875
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 2,769,582 | 273,332 | 132,788 | 8,501 | 44,085
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
---------------------------------------------------------
| 1 | |
| ------------------------------| |
| Years | 10 | 11 | 12 |
| in Which | | | Number of|
|Premiums Were | Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported -|
| Losses Were | Expense | (5 - 6 + 7 | Direct and|
| Incurred | Payments | - 8 + 10) | Assumed |
|--------------|--------------|--------------|-----------|
| | | | |
| | | | |
| 1. Prior ...| 58 | 2,379 | X X X X |
| 2. 1984.....| 16,631 | 319,802 | 155,413 |
| 3. 1985.....| 16,828 | 346,897 | 158,046 |
| 4. 1986.....| 17,453 | 335,696 | 147,533 |
| 5. 1987.....| 15,608 | 318,022 | 133,514 |
| 6. 1988.....| 12,937 | 304,797 | 126,115 |
| 7. 1989.....| 14,562 | 313,246 | 122,987 |
| 8. 1990.....| 17,796 | 295,525 | 114,546 |
| 9. 1991.....| 22,185 | 289,514 | 102,718 |
|10. 1992.....| 24,407 | 181,103 | 79,504 |
|11. 1993.....| 15,408 | 87,429 | 57,551 |
|--------------|--------------|--------------|-----------|
|12. Totals ..| 173,873 | 2,794,410 | X X X X |
---------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| 19,686 | 8,453 | 5,528 | 12 | 0 | 0 | 954 | 2
| 2. 1984.....| 8,725 | 2,037 | 156 | 11 | 0 | 0 | 285 | 38
| 3. 1985.....| 2,148 | 1,394 | 3,805 | 35 | 0 | 0 | 248 | 4
| 4. 1986.....| 1,974 | 412 | 3,813 | 45 | 0 | 0 | 401 | 7
| 5. 1987.....| 2,791 | 130 | 4,311 | 67 | 0 | 0 | 631 | 18
| 6. 1988.....| 4,848 | 355 | 7,474 | 154 | 0 | 0 | 1,186 | 46
| 7. 1989.....| 12,323 | 1,447 | 3,693 | 315 | 0 | 0 | 2,273 | 191
| 8. 1990.....| 25,313 | 2,012 | 8,355 | 530 | 0 | 0 | 4,352 | 265
| 9. 1991.....| 44,228 | 1,469 | 20,518 | 544 | 0 | 0 | 8,709 | 221
|10. 1992.....| 60,621 | 645 | 38,005 | 332 | 0 | 0 | 10,773 | 102
|11. 1993.....| 85,368 | 818 | 70,121 | 695 | 0 | 0 | 10,006 | 146
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 268,025 | 19,172 | 165,779 | 2,740 | 0 | 0 | 39,818 | 1,040
-----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------
| | | | |
| | 21 | 22 | 23 | 24
| | | | | Number of
| | Salvage | Unallocated | Total | Claims
| | and | Loss | Net Losses | Outstanding-
| | Subrogation | Expenses | and Expenses | Direct and
| | Anticipated | Unpaid | Unpaid | Assumed
|--------------|--------------|--------------|--------------|----------------
| | | | |
| | | | |
| 1. Prior ...| (114)| 332 | 18,033 | 152
| 2. 1984.....| (81)| 252 | 7,332 | 61
| 3. 1985.....| (89)| 160 | 4,928 | 63
| 4. 1986.....| (135)| 205 | 5,929 | 63
| 5. 1987.....| (175)| 259 | 7,777 | 101
| 6. 1988.....| (246)| 443 | 13,396 | 217
| 7. 1989.....| (419)| 746 | 17,082 | 524
| 8. 1990.....| (715)| 1,561 | 36,774 | 1,112
| 9. 1991.....| (1,777)| 3,007 | 74,228 | 2,574
|10. 1992.....| (2,211)| 4,697 | 113,017 | 4,428
|11. 1993.....| (2,371)| 8,032 | 171,868 | 13,804
|--------------|--------------|--------------|--------------|----------------
|12. Totals ..| (8,333)| 19,694 | 470,364 | 23,099
----------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | | | | | | | |
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
| 2. 1984.....| 351,786 | 24,652 | 327,134 | 107.6 | 158.4 | 105.1 | 0 | 0
| 3. 1985.....| 379,523 | 27,698 | 351,825 | 104.8 | 100.8 | 105.1 | 0 | 0
| 4. 1986.....| 371,013 | 29,388 | 341,625 | 98.7 | 103.3 | 98.3 | 0 | 0
| 5. 1987.....| 365,137 | 39,338 | 325,799 | 94.9 | 105.7 | 93.8 | 0 | 0
| 6. 1988.....| 368,199 | 50,006 | 318,193 | 92.5 | 89.6 | 93.0 | 0 | 0
| 7. 1989.....| 383,816 | 53,488 | 330,328 | 92.1 | 87.3 | 92.9 | 0 | 0
| 8. 1990.....| 379,472 | 47,173 | 332,299 | 86.2 | 81.6 | 86.9 | 0 | 0
| 9. 1991.....| 381,403 | 17,661 | 363,742 | 84.6 | 65.5 | 85.8 | 0 | 0
|10. 1992.....| 298,188 | 4,068 | 294,120 | 81.3 | 48.5 | 82.1 | 0 | 0
|11. 1993.....| 261,974 | 2,677 | 259,297 | 77.7 | 45.3 | 78.2 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
------------------------------------------------------------
| | | Net Balance Sheet Reserves||
| | 33 | After Discount ||
| | |-----------------------------||
| |Inter-Company | 34 | 35 ||
| | Pooling | | Loss ||
| |Participation | Losses | Expenses ||
| | Percentage | Unpaid | Unpaid ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| X X X X | 16,749 | 1,284 ||
| 2. 1984.....| 0.0 | 6,833 | 499 ||
| 3. 1985.....| 0.0 | 4,524 | 404 ||
| 4. 1986.....| 0.0 | 5,330 | 599 ||
| 5. 1987.....| 0.0 | 6,905 | 872 ||
| 6. 1988.....| 0.0 | 11,813 | 1,583 ||
| 7. 1989.....| 0.0 | 14,254 | 2,828 ||
| 8. 1990.....| 0.0 | 31,126 | 5,648 ||
| 9. 1991.....| 0.0 | 62,733 | 11,495 ||
|10. 1992.....| 0.0 | 97,649 | 15,368 ||
|11. 1993.....| 0.0 | 153,976 | 17,892 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| X X X X | 411,892 | 58,472 ||
------------------------------------------------------------
Page: Page 66
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1C - COMMERCIAL AUTO/TRUCK
LIABILITY/MEDICAL
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
>
| 1. Prior ...| X X X X | X X X X | X X X X | 799 | 0 | 531 | 1 | 78
| 2. 1984.....| 214,370 | 4,216 | 210,154 | 255,161 | 9,156 | 17,293 | 238 | 3,236
| 3. 1985.....| 347,749 | 43,409 | 304,340 | 352,474 | 46,101 | 24,141 | 279 | 4,079
| 4. 1986.....| 451,376 | 29,279 | 422,097 | 304,080 | 21,600 | 22,656 | 349 | 3,885
| 5. 1987.....| 504,537 | 27,137 | 477,400 | 295,736 | 26,176 | 24,873 | 1,640 | 3,008
| 6. 1988.....| 461,136 | 39,794 | 421,342 | 282,427 | 33,526 | 22,333 | 2,247 | 4,157
| 7. 1989.....| 424,657 | 43,290 | 381,367 | 266,392 | 35,515 | 19,860 | 2,665 | 2,672
| 8. 1990.....| 419,676 | 42,803 | 376,873 | 227,132 | 31,061 | 16,975 | 1,840 | 3,084
| 9. 1991.....| 384,380 | 39,874 | 344,506 | 154,932 | 14,814 | 10,979 | 867 | 2,074
|10. 1992.....| 319,764 | 39,044 | 280,720 | 78,996 | 10,498 | 4,837 | 479 | 1,460
|11. 1993.....| 259,903 | 30,644 | 229,259 | 28,309 | 4,340 | 1,616 | 84 | 640
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 2,246,438 | 232,787 | 166,094 | 10,689 | 28,373
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
------------------------------------------------------------
| 1 | ||
| ------------------------------| ||
| Years | 10 | 11 | 12 ||
| in Which | | | Number of ||
|Premiums Were | Unallocated | Total | Claims ||
| Earned and | Loss | Net Paid | Reported - ||
| Losses Were | Expense | (5 - 6 + 7 | Direct and ||
| Incurred | Payments | - 8 + 10) | Assumed ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| 49 | 1,378 | X X X X ||
| 2. 1984.....| 13,504 | 276,564 | 85,950 ||
| 3. 1985.....| 15,906 | 346,141 | 92,808 ||
| 4. 1986.....| 13,339 | 318,126 | 79,778 ||
| 5. 1987.....| 12,675 | 305,468 | 73,845 ||
| 6. 1988.....| 13,175 | 282,162 | 66,825 ||
| 7. 1989.....| 12,471 | 260,543 | 61,408 ||
| 8. 1990.....| 12,967 | 224,173 | 56,417 ||
| 9. 1991.....| 12,078 | 162,308 | 46,525 ||
|10. 1992.....| 12,289 | 85,145 | 39,753 ||
|11. 1993.....| 8,009 | 33,510 | 29,398 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| 126,462 | 2,295,518 | X X X X ||
------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| 3,578 | 0 | 456 | 6 | 0 | 0 | 1,552 | 1
| 2. 1984.....| 262 | 0 | 1,405 | 3 | 0 | 0 | 463 | 0
| 3. 1985.....| 6,363 | 6,442 | 2,338 | 16 | 0 | 0 | 638 | 2
| 4. 1986.....| 2,622 | 741 | 2,377 | 25 | 0 | 0 | 900 | 11
| 5. 1987.....| 5,462 | 192 | 5,745 | 52 | 0 | 0 | 1,683 | 31
| 6. 1988.....| 12,656 | 2,215 | 3,328 | 123 | 0 | 0 | 2,384 | 310
| 7. 1989.....| 17,268 | 2,457 | 8,162 | 268 | 0 | 0 | 3,617 | 355
| 8. 1990.....| 34,957 | 5,277 | 13,890 | 533 | 0 | 0 | 6,060 | 743
| 9. 1991.....| 45,701 | 4,815 | 30,237 | 1,117 | 0 | 0 | 8,716 | 728
|10. 1992.....| 68,740 | 7,615 | 43,115 | 1,999 | 0 | 0 | 11,554 | 1,153
|11. 1993.....| 55,693 | 6,260 | 75,295 | 3,989 | 0 | 0 | 10,604 | 1,135
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 253,302 | 36,014 | 186,348 | 8,131 | 0 | 0 | 48,171 | 4,469
-----------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------
| | | | |
| | 21 | 22 | 23 | 24
| | | | | Number of
| | Salvage | Unallocated | Total | Claims
| | and | Loss | Net Losses | Outstanding-
| | Subrogation | Expenses | and Expenses | Direct and
| | Anticipated | Unpaid | Unpaid | Assumed
|--------------|--------------|--------------|--------------|--------------
| | | | |
| | | | |
| 1. Prior ...| (10)| 48 | 5,627 | 48
| 2. 1984.....| (9)| 72 | 2,199 | 17
| 3. 1985.....| (58)| 108 | 2,987 | 33
| 4. 1986.....| (74)| 146 | 5,268 | 58
| 5. 1987.....| (201)| 318 | 12,933 | 119
| 6. 1988.....| (236)| 579 | 16,299 | 244
| 7. 1989.....| (223)| 875 | 26,842 | 464
| 8. 1990.....| (435)| 1,837 | 50,191 | 854
| 9. 1991.....| (429)| 2,782 | 80,776 | 1,466
|10. 1992.....| (623)| 4,617 | 117,259 | 2,749
|11. 1993.....| (640)| 5,449 | 135,657 | 6,361
|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| (2,938)| 16,831 | 456,038 | 12,413
--------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | | | | | | | |
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
| 2. 1984.....| 288,160 | 9,397 | 278,763 | 134.4 | 222.9 | 132.6 | 0 | 0
| 3. 1985.....| 401,968 | 52,840 | 349,128 | 115.6 | 121.7 | 114.7 | 0 | 0
| 4. 1986.....| 346,120 | 22,726 | 323,394 | 76.7 | 77.6 | 76.6 | 0 | 0
| 5. 1987.....| 346,492 | 28,091 | 318,401 | 68.7 | 103.5 | 66.7 | 0 | 0
| 6. 1988.....| 336,882 | 38,421 | 298,461 | 73.1 | 96.5 | 70.8 | 0 | 0
| 7. 1989.....| 328,645 | 41,260 | 287,385 | 77.4 | 95.3 | 75.4 | 0 | 0
| 8. 1990.....| 313,818 | 39,454 | 274,364 | 74.8 | 92.2 | 72.8 | 0 | 0
| 9. 1991.....| 265,425 | 22,341 | 243,084 | 69.1 | 56.0 | 70.6 | 0 | 0
|10. 1992.....| 224,148 | 21,744 | 202,404 | 70.1 | 55.7 | 72.1 | 0 | 0
|11. 1993.....| 184,975 | 15,808 | 169,167 | 71.2 | 51.6 | 73.8 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
------------------------------------------------------------
| | | Net Balance Sheet Reserves||
| | 33 | After Discount ||
| | |-----------------------------||
| |Inter-Company | 34 | 35 ||
| | Pooling | | Loss ||
| |Participation | Losses | Expenses ||
| | Percentage | Unpaid | Unpaid ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| X X X X | 4,028 | 1,599 ||
| 2. 1984.....| 0.0 | 1,664 | 535 ||
| 3. 1985.....| 0.0 | 2,243 | 744 ||
| 4. 1986.....| 0.0 | 4,233 | 1,035 ||
| 5. 1987.....| 0.0 | 10,963 | 1,970 ||
| 6. 1988.....| 0.0 | 13,646 | 2,653 ||
| 7. 1989.....| 0.0 | 22,705 | 4,137 ||
| 8. 1990.....| 0.0 | 43,037 | 7,154 ||
| 9. 1991.....| 0.0 | 70,006 | 10,770 ||
|10. 1992.....| 0.0 | 102,241 | 15,018 ||
|11. 1993.....| 0.0 | 120,739 | 14,918 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| X X X X | 395,505 | 60,533 ||
------------------------------------------------------------
Page: Page 67
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1D - WORKERS' COMPENSATION
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
>
| 1. Prior ...| X X X X | X X X X | X X X X | 49,759 | 10,685 | 1,818 | 41 | 3,804
| 2. 1984.....| 429,806 | 18,589 | 411,217 | 444,821 | 29,284 | 20,798 | 299 | 16,784
| 3. 1985.....| 598,607 | 100,934 | 497,673 | 590,256 | 104,708 | 26,008 | 608 | 18,107
| 4. 1986.....| 618,623 | 67,684 | 550,939 | 520,643 | 72,493 | 22,986 | 317 | 14,039
| 5. 1987.....| 622,801 | 81,301 | 541,500 | 553,116 | 120,391 | 21,498 | 323 | 10,914
| 6. 1988.....| 747,889 | 111,269 | 636,620 | 576,318 | 119,281 | 24,322 | 244 | 11,050
| 7. 1989.....| 791,969 | 158,717 | 633,252 | 624,360 | 137,963 | 25,802 | 296 | 9,864
| 8. 1990.....| 883,078 | 188,951 | 694,127 | 554,296 | 157,213 | 23,764 | 379 | 6,896
| 9. 1991.....| 754,958 | 251,311 | 503,647 | 403,713 | 150,033 | 17,456 | 345 | 3,792
|10. 1992.....| 625,431 | 305,456 | 319,975 | 250,049 | 121,230 | 8,803 | 137 | 1,127
|11. 1993.....| 457,088 | 306,269 | 150,819 | 75,161 | 47,133 | 2,032 | 56 | 102
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 4,642,492 | 1,070,414 | 195,287 | 3,045 | 96,479
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
------------------------------------------------------------
| 1 | ||
| ------------------------------| ||
| Years | 10 | 11 | 12 ||
| in Which | | | Number of ||
|Premiums Were | Unallocated | Total | Claims ||
| Earned and | Loss | Net Paid | Reported - ||
| Losses Were | Expense | (5 - 6 + 7 | Direct and ||
| Incurred | Payments | - 8 + 10) | Assumed ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| 2,959 | 43,810 | X X X X ||
| 2. 1984.....| 10,773 | 446,809 | 47,297 ||
| 3. 1985.....| 10,978 | 521,926 | 51,591 ||
| 4. 1986.....| 10,145 | 480,964 | 47,190 ||
| 5. 1987.....| 8,656 | 462,556 | 43,816 ||
| 6. 1988.....| 11,882 | 492,997 | 47,022 ||
| 7. 1989.....| 11,267 | 523,170 | 49,486 ||
| 8. 1990.....| 10,566 | 431,034 | 46,186 ||
| 9. 1991.....| 10,523 | 281,314 | 40,361 ||
|10. 1992.....| (13,181)| 124,304 | 31,288 ||
|11. 1993.....| (23,844)| 6,160 | 18,601 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| 50,724 | 3,815,044 | X X X X ||
------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| 363,641 | 137,291 | 113,590 | 3,478 | 0 | 0 | 17,368 | 6
| 2. 1984.....| 55,256 | 2,660 | 28,378 | 1,975 | 0 | 0 | 4,670 | 0
| 3. 1985.....| 70,719 | 19,716 | 48,209 | 3,050 | 0 | 0 | 6,095 | 1
| 4. 1986.....| 59,951 | 10,018 | 49,060 | 2,672 | 0 | 0 | 6,352 | 0
| 5. 1987.....| 69,942 | 18,008 | 57,143 | 3,432 | 0 | 0 | 7,453 | 0
| 6. 1988.....| 98,189 | 18,171 | 53,332 | 2,296 | 0 | 0 | 9,759 | 2
| 7. 1989.....| 124,979 | 28,600 | 82,591 | 4,663 | 0 | 0 | 13,483 | 12
| 8. 1990.....| 135,403 | 37,614 | 99,162 | 15,141 | 0 | 0 | 15,073 | 2
| 9. 1991.....| 147,712 | 49,378 | 109,310 | 40,526 | 0 | 0 | 15,298 | 24
|10. 1992.....| 178,655 | 84,500 | 122,096 | 71,326 | 0 | 0 | 16,194 | 22
|11. 1993.....| 164,264 | 107,098 | 192,674 | 140,294 | 0 | 0 | 15,868 | 714
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 1,468,711 | 513,054 | 955,545 | 288,853 | 0 | 0 | 127,613 | 783
-----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------
| | | | |
| | 21 | 22 | 23 | 24
| | | | | Number of
| | Salvage | Unallocated | Total | Claims
| | and | Loss | Net Losses | Outstanding-
| | Subrogation | Expenses | and Expenses | Direct and
| | Anticipated | Unpaid | Unpaid | Assumed
|--------------|--------------|--------------|--------------|--------------
| | | | |
| | | | |
| 1. Prior ...| (6,715)| 7,517 | 361,341 | 3,215
| 2. 1984.....| (2,753)| 2,339 | 86,008 | 451
| 3. 1985.....| (3,733)| 3,017 | 105,273 | 539
| 4. 1986.....| (4,039)| 3,110 | 105,783 | 625
| 5. 1987.....| (4,942)| 3,433 | 116,531 | 688
| 6. 1988.....| (6,436)| 4,288 | 145,099 | 1,035
| 7. 1989.....| (8,026)| 5,638 | 193,416 | 1,504
| 8. 1990.....| (8,009)| 6,348 | 203,229 | 2,174
| 9. 1991.....| (6,952)| 6,700 | 189,092 | 3,258
|10. 1992.....| (4,323)| 8,337 | 169,434 | 4,879
|11. 1993.....| (1,929)| 9,940 | 134,640 | 8,770
|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| (57,857)| 60,667 | 1,809,846 | 27,138
----------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | | | | | | | |
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 861 | 3,502
| 2. 1984.....| 567,035 | 34,218 | 532,817 | 131.9 | 184.1 | 129.6 | 866 | 1,377
| 3. 1985.....| 755,282 | 128,083 | 627,199 | 126.2 | 126.9 | 126.0 | 1,564 | 1,714
| 4. 1986.....| 672,247 | 85,500 | 586,747 | 108.7 | 126.3 | 106.5 | 2,199 | 1,738
| 5. 1987.....| 721,241 | 142,154 | 579,087 | 115.8 | 174.8 | 106.9 | 2,692 | 2,016
| 6. 1988.....| 778,090 | 139,994 | 638,096 | 104.0 | 125.8 | 100.2 | 3,834 | 2,399
| 7. 1989.....| 888,120 | 171,534 | 716,586 | 112.1 | 108.1 | 113.2 | 5,295 | 3,022
| 8. 1990.....| 844,612 | 210,349 | 634,263 | 95.6 | 111.3 | 91.4 | 5,987 | 3,154
| 9. 1991.....| 710,712 | 240,306 | 470,406 | 94.1 | 95.6 | 93.4 | 5,056 | 3,072
|10. 1992.....| 570,953 | 277,215 | 293,738 | 91.3 | 90.8 | 91.8 | 4,282 | 3,131
|11. 1993.....| 436,095 | 295,295 | 140,800 | 95.4 | 96.4 | 93.4 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 32,636 | 25,125
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
------------------------------------------------------------
| | | Net Balance Sheet Reserves||
| | 33 | After Discount ||
| | |-----------------------------||
| |Inter-Company | 34 | 35 ||
| | Pooling | | Loss ||
| |Participation | Losses | Expenses ||
| | Percentage | Unpaid | Unpaid ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| X X X X | 335,601 | 21,377 ||
| 2. 1984.....| 0.0 | 78,133 | 5,632 ||
| 3. 1985.....| 0.0 | 94,598 | 7,397 ||
| 4. 1986.....| 0.0 | 94,122 | 7,724 ||
| 5. 1987.....| 0.0 | 102,953 | 8,870 ||
| 6. 1988.....| 0.0 | 127,220 | 11,646 ||
| 7. 1989.....| 0.0 | 169,012 | 16,087 ||
| 8. 1990.....| 0.0 | 175,823 | 18,265 ||
| 9. 1991.....| 0.0 | 162,062 | 18,902 ||
|10. 1992.....| 0.0 | 140,643 | 21,378 ||
|11. 1993.....| 0.0 | 109,546 | 25,094 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| X X X X | 1,589,713 | 162,372 ||
------------------------------------------------------------
Page: Page 68
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1E - COMMERCIAL MULTIPLE PERIL
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 2,271 | 2 | 1,156 | 0 | 80
| 2. 1984.....| 197,454 | 15,627 | 181,827 | 149,490 | 8,200 | 20,975 | 985 | 5,865
| 3. 1985.....| 286,242 | 28,453 | 257,789 | 177,925 | 10,391 | 28,078 | 536 | 7,798
| 4. 1986.....| 387,822 | 37,262 | 350,560 | 155,169 | 11,052 | 31,519 | 352 | 5,784
| 5. 1987.....| 387,310 | 18,374 | 368,936 | 154,311 | 592 | 23,652 | 102 | 4,968
| 6. 1988.....| 650,932 | 26,143 | 624,789 | 232,448 | 6,281 | 37,165 | 127 | 10,657
| 7. 1989.....| 738,672 | 18,418 | 720,254 | 307,207 | 20,974 | 40,186 | 365 | 9,845
| 8. 1990.....| 731,950 | 13,795 | 718,155 | 265,678 | 4,236 | 41,577 | 113 | 7,976
| 9. 1991.....| 674,236 | 4,649 | 669,587 | 216,196 | 8,179 | 21,322 | 215 | 5,011
|10. 1992.....| 608,782 | 4,166 | 604,616 | 217,049 | 42,935 | 9,449 | 3,358 | 3,804
|11. 1993.....| 601,391 | 5,797 | 595,594 | 115,107 | 6,221 | 2,115 | 119 | 1,715
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 1,992,851 | 119,063 | 257,194 | 6,272 | 63,503
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
------------------------------------------------------------
| 1 | ||
| ------------------------------| ||
| Years | 10 | 11 | 12 ||
| in Which | | | Number of ||
|Premiums Were | Unallocated | Total | Claims ||
| Earned and | Loss | Net Paid | Reported - ||
| Losses Were | Expense | (5 - 6 + 7 | Direct and ||
| Incurred | Payments | - 8 + 10) | Assumed ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| 82 | 3,507 | X X X X ||
| 2. 1984.....| 7,619 | 168,899 | 41,778 ||
| 3. 1985.....| 10,607 | 205,683 | 45,176 ||
| 4. 1986.....| 11,216 | 186,500 | 37,027 ||
| 5. 1987.....| 13,087 | 190,356 | 33,810 ||
| 6. 1988.....| 27,663 | 290,868 | 59,225 ||
| 7. 1989.....| 34,684 | 360,738 | 78,933 ||
| 8. 1990.....| 34,558 | 337,464 | 77,951 ||
| 9. 1991.....| 30,004 | 259,128 | 73,538 ||
|10. 1992.....| 32,339 | 212,544 | 66,776 ||
|11. 1993.....| 26,180 | 137,062 | 62,686 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| 228,039 | 2,352,749 | X X X X ||
------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| 4,755 | 20 | 1,150 | 6 | 0 | 0 | 4,842 | 3
| 2. 1984.....| 1,421 | 0 | 1,114 | 8 | 0 | 0 | 1,315 | 4
| 3. 1985.....| 2,801 | 0 | 1,048 | 17 | 0 | 0 | 2,286 | 9
| 4. 1986.....| 4,603 | 0 | 1,514 | 14 | 0 | 0 | 3,130 | 8
| 5. 1987.....| 5,512 | 0 | 1,886 | 6 | 0 | 0 | 8,677 | 3
| 6. 1988.....| 20,298 | 0 | 11,743 | 11 | 0 | 0 | 17,730 | 6
| 7. 1989.....| 31,331 | 0 | 26,906 | 29 | 0 | 0 | 30,727 | 7
| 8. 1990.....| 51,637 | 135 | 44,859 | 58 | 0 | 0 | 46,936 | 45
| 9. 1991.....| 61,049 | 166 | 66,020 | 10 | 0 | 0 | 57,228 | 19
|10. 1992.....| 58,314 | 1,628 | 87,692 | 22 | 0 | 0 | 58,994 | 230
|11. 1993.....| 89,479 | 4,745 | 121,618 | 185 | 0 | 0 | 60,344 | 408
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 331,200 | 6,694 | 365,550 | 366 | 0 | 0 | 292,209 | 742
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------
| | 21 | 22 | 23 | 24
| | | | | Number of S
| | Salvage | Unallocated | Total | Claims
| | and | Loss | Net Losses | Outstanding-
| | Subrogation | Expenses | and Expenses | Direct and
| | Anticipated | Unpaid | Unpaid | Assumed
|--------------|--------------|--------------|--------------|--------------
| | | | |
| | | | |
| 1. Prior ...| (138)| 223 | 10,941 | 205
| 2. 1984.....| (103)| 169 | 4,007 | 56
| 3. 1985.....| (159)| 138 | 6,247 | 76
| 4. 1986.....| (187)| 208 | 9,433 | 135
| 5. 1987.....| (757)| 385 | 16,451 | 181
| 6. 1988.....| (1,709)| 2,626 | 52,380 | 459
| 7. 1989.....| (2,747)| 4,311 | 93,239 | 943
| 8. 1990.....| (3,159)| 7,298 | 150,492 | 1,771
| 9. 1991.....| (3,514)| 8,779 | 192,881 | 2,536
|10. 1992.....| (4,292)| 11,523 | 214,643 | 3,790
|11. 1993.....| (5,664)| 17,185 | 283,288 | 12,402
|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| (22,429)| 52,845 | 1,034,002 | 22,554
--------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | | | | | | | |
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
| 2. 1984.....| 182,103 | 9,197 | 172,906 | 92.2 | 58.9 | 95.1 | 0 | 0
| 3. 1985.....| 222,883 | 10,953 | 211,930 | 77.9 | 38.5 | 82.2 | 0 | 0
| 4. 1986.....| 207,359 | 11,426 | 195,933 | 53.5 | 30.7 | 55.9 | 0 | 0
| 5. 1987.....| 207,510 | 703 | 206,807 | 53.6 | 3.8 | 56.1 | 0 | 0
| 6. 1988.....| 349,673 | 6,425 | 343,248 | 53.7 | 24.6 | 54.9 | 0 | 0
| 7. 1989.....| 475,352 | 21,375 | 453,977 | 64.4 | 116.1 | 63.0 | 0 | 0
| 8. 1990.....| 492,543 | 4,587 | 487,956 | 67.3 | 33.3 | 67.9 | 0 | 0
| 9. 1991.....| 460,598 | 8,589 | 452,009 | 68.3 | 184.7 | 67.5 | 0 | 0
|10. 1992.....| 475,360 | 48,173 | 427,187 | 78.1 | 1,156.3 | 70.7 | 0 | 0
|11. 1993.....| 432,028 | 11,678 | 420,350 | 71.8 | 201.4 | 70.6 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
------------------------------------------------------------
| | | Net Balance Sheet Reserves||
| | 33 | After Discount ||
| | |-----------------------------||
| |Inter-Company | 34 | 35 ||
| | Pooling | | Loss ||
| |Participation | Losses | Expenses ||
| | Percentage | Unpaid | Unpaid ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| X X X X | 5,879 | 5,062 ||
| 2. 1984.....| 0.0 | 2,527 | 1,480 ||
| 3. 1985.....| 0.0 | 3,832 | 2,415 ||
| 4. 1986.....| 0.0 | 6,103 | 3,330 ||
| 5. 1987.....| 0.0 | 7,392 | 9,059 ||
| 6. 1988.....| 0.0 | 32,030 | 20,350 ||
| 7. 1989.....| 0.0 | 58,208 | 35,031 ||
| 8. 1990.....| 0.0 | 96,303 | 54,189 ||
| 9. 1991.....| 0.0 | 126,893 | 65,988 ||
|10. 1992.....| 0.0 | 144,356 | 70,287 ||
|11. 1993.....| 0.0 | 206,167 | 77,121 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| X X X X | 689,690 | 344,312 ||
------------------------------------------------------------
Page: Page 69
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1F - SECTION 1 - MEDICAL MALPRACTICE -
OCCURRENCE
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 656 | 0 | 754 | 0 | 521
| 2. 1984.....| 7,858 | 48 | 7,810 | 5,637 | 0 | 3,669 | 0 | 5,442
| 3. 1985.....| 6,544 | 97 | 6,447 | 3,398 | 500 | 1,639 | 0 | 1,145
| 4. 1986.....| 97 | 38 | 59 | 1 | 0 | 3 | 0 | 8
| 5. 1987.....| 660 | 0 | 660 | 9 | 0 | 8 | 0 | 0
| 6. 1988.....| 548 | 0 | 548 | 18 | 0 | 24 | 0 | 0
| 7. 1989.....| 88 | 0 | 88 | 15 | 0 | 9 | 0 | 0
| 8. 1990.....| 84 | 0 | 84 | 325 | 0 | 33 | 0 | 0
| 9. 1991.....| 56 | 0 | 56 | 23 | 0 | 12 | 0 | 0
|10. 1992.....| 60 | 0 | 60 | 0 | 0 | 0 | 0 | 0
|11. 1993.....| 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 10,082 | 500 | 6,151 | 0 | 7,116
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
------------------------------------------------------------
| 1 | ||
| ------------------------------| ||
| Years | 10 | 11 | 12 ||
| in Which | | | Number of ||
|Premiums Were | Unallocated | Total | Claims ||
| Earned and | Loss | Net Paid | Reported - ||
| Losses Were | Expense | (5 - 6 + 7 | Direct and ||
| Incurred | Payments | - 8 + 10) | Assumed ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| 52 | 1,462 | X X X X ||
| 2. 1984.....| 895 | 10,201 | 723 ||
| 3. 1985.....| 599 | 5,136 | 310 ||
| 4. 1986.....| 6 | 10 | 2 ||
| 5. 1987.....| 78 | 95 | 5 ||
| 6. 1988.....| 15 | 57 | 4 ||
| 7. 1989.....| 8 | 32 | 4 ||
| 8. 1990.....| 10 | 368 | 4 ||
| 9. 1991.....| 10 | 45 | 1 ||
|10. 1992.....| 8 | 8 | 0 ||
|11. 1993.....| 0 | 0 | 1 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| 1,681 | 17,414 | X X X X ||
------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| 4,897 | 0 | 2,359 | 0 | 0 | 0 | 2,490 | 0
| 2. 1984.....| 630 | 0 | 478 | 0 | 0 | 0 | 388 | 0
| 3. 1985.....| 101 | 0 | 358 | 0 | 0 | 0 | 161 | 0
| 4. 1986.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 5. 1987.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 6. 1988.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 7. 1989.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 8. 1990.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 9. 1991.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
|10. 1992.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
|11. 1993.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 5,628 | 0 | 3,195 | 0 | 0 | 0 | 3,039 | 0
-----------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------
| | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding - |
| | Subrogation | Expenses | and Expenses | Direct and |
| | Anticipated | Unpaid | Unpaid | Assumed |
|--------------|--------------|--------------|--------------|--------------|
| | | | | |
| | | | | |
| 1. Prior ...| 0 | 658 | 10,404 | 46 |
| 2. 1984.....| 0 | 110 | 1,606 | 14 |
| 3. 1985.....| 0 | 57 | 677 | 7 |
| 4. 1986.....| 0 | 0 | 0 | 0 |
| 5. 1987.....| 0 | 0 | 0 | 0 |
| 6. 1988.....| 0 | 0 | 0 | 0 |
| 7. 1989.....| 0 | 0 | 0 | 0 |
| 8. 1990.....| 0 | 0 | 0 | 0 |
| 9. 1991.....| 0 | 0 | 0 | 0 |
|10. 1992.....| 0 | 0 | 0 | 0 |
|11. 1993.....| 0 | 0 | 0 | 0 |
|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| 0 | 825 | 12,687 | 67 |
----------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | | | | | | | |
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
| 2. 1984.....| 11,807 | 0 | 11,807 | 150.3 | 0.0 | 151.2 | 0 | 0
| 3. 1985.....| 6,313 | 500 | 5,813 | 96.5 | 515.5 | 90.2 | 0 | 0
| 4. 1986.....| 10 | 0 | 10 | 10.3 | 0.0 | 16.9 | 0 | 0
| 5. 1987.....| 95 | 0 | 95 | 14.4 | 0.0 | 14.4 | 0 | 0
| 6. 1988.....| 57 | 0 | 57 | 10.4 | 0.0 | 10.4 | 0 | 0
| 7. 1989.....| 32 | 0 | 32 | 36.4 | 0.0 | 36.4 | 0 | 0
| 8. 1990.....| 368 | 0 | 368 | 438.1 | 0.0 | 438.1 | 0 | 0
| 9. 1991.....| 45 | 0 | 45 | 80.4 | 0.0 | 80.4 | 0 | 0
|10. 1992.....| 8 | 0 | 8 | 13.3 | 0.0 | 13.3 | 0 | 0
|11. 1993.....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
------------------------------------------------------------
| | | Net Balance Sheet Reserves||
| | 33 | After Discount ||
| | |-----------------------------||
| |Inter-Company | 34 | 35 ||
| | Pooling | | Loss ||
| |Participation | Losses | Expenses ||
| | Percentage | Unpaid | Unpaid ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| X X X X | 7,256 | 3,148 ||
| 2. 1984.....| 0.0 | 1,108 | 498 ||
| 3. 1985.....| 0.0 | 459 | 218 ||
| 4. 1986.....| 0.0 | 0 | 0 ||
| 5. 1987.....| 0.0 | 0 | 0 ||
| 6. 1988.....| 0.0 | 0 | 0 ||
| 7. 1989.....| 0.0 | 0 | 0 ||
| 8. 1990.....| 0.0 | 0 | 0 ||
| 9. 1991.....| 0.0 | 0 | 0 ||
|10. 1992.....| 0.0 | 0 | 0 ||
|11. 1993.....| 0.0 | 0 | 0 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| X X X X | 8,823 | 3,864 ||
------------------------------------------------------------
Page 70
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1F - SECTION 2 - MEDICAL MALPRACTICE -
CLAIMS-MADE
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 0 | 0 | 0 | 0 | 0
| 2. 1984.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 3. 1985.....| 0 | 0 | 0 | 801 | 0 | 144 | 0 | (93)
| 4. 1986.....| 0 | 0 | 0 | 7 | 0 | 25 | 0 | 0
| 5. 1987.....| 117 | 0 | 117 | 19 | 0 | 5 | 0 | 0
| 6. 1988.....| 219 | 0 | 219 | 99 | 0 | 42 | 0 | 0
| 7. 1989.....| 228 | 0 | 228 | 203 | 0 | 52 | 0 | 0
| 8. 1990.....| 256 | 0 | 256 | 230 | 0 | 36 | 0 | 0
| 9. 1991.....| 299 | 0 | 299 | 1 | 0 | 9 | 0 | 0
|10. 1992.....| 255 | 0 | 255 | 0 | 0 | 3 | 0 | 0
|11. 1993.....| 66 | 0 | 66 | 0 | 0 | 0 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 1,360 | 0 | 316 | 0 | (93)
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
------------------------------------------------------------
| 1 | ||
| ------------------------------| ||
| Years | 10 | 11 | 12 ||
| in Which | | | Number of ||
|Premiums Were | Unallocated | Total | Claims ||
| Earned and | Loss | Net Paid | Reported - ||
| Losses Were | Expense | (5 - 6 + 7 | Direct and ||
| Incurred | Payments | - 8 + 10) | Assumed ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| 0 | 0 | X X X X ||
| 2. 1984.....| 0 | 0 | 0 ||
| 3. 1985.....| 0 | 945 | 0 ||
| 4. 1986.....| 0 | 32 | 0 ||
| 5. 1987.....| 0 | 24 | 0 ||
| 6. 1988.....| 0 | 141 | 0 ||
| 7. 1989.....| 0 | 255 | 0 ||
| 8. 1990.....| 0 | 266 | 0 ||
| 9. 1991.....| 0 | 10 | 0 ||
|10. 1992.....| 0 | 3 | 0 ||
|11. 1993.....| 0 | 0 | 0 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| 0 | 1,676 | X X X X ||
------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 2. 1984.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 3. 1985.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 4. 1986.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 5. 1987.....| 0 | 0 | 24 | 0 | 0 | 0 | 0 | 0
| 6. 1988.....| 154 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 7. 1989.....| 169 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 8. 1990.....| 38 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 9. 1991.....| 118 | 0 | 97 | 0 | 0 | 0 | 0 | 0
|10. 1992.....| 53 | 0 | 135 | 0 | 0 | 0 | 0 | 0
|11. 1993.....| 0 | 0 | 40 | 0 | 0 | 0 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 532 | 0 | 296 | 0 | 0 | 0 | 0 | 0
-----------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding - |
| | Subrogation | Expenses | and Expenses | Direct and |
| | Anticipated | Unpaid | Unpaid | Assumed |
|--------------|--------------|--------------|--------------|--------------|
| | | | | |
| | | | | |
| 1. Prior ...| 0 | 0 | 0 | 0 |
| 2. 1984.....| 0 | 0 | 0 | 0 |
| 3. 1985.....| 0 | 0 | 0 | 0 |
| 4. 1986.....| 0 | 0 | 0 | 0 |
| 5. 1987.....| 0 | 0 | 24 | 0 |
| 6. 1988.....| 0 | 0 | 154 | 0 |
| 7. 1989.....| 0 | 0 | 169 | 0 |
| 8. 1990.....| 0 | 0 | 38 | 0 |
| 9. 1991.....| 0 | 0 | 215 | 0 |
|10. 1992.....| 0 | 0 | 188 | 0 |
|11. 1993.....| 0 | 0 | 40 | 0 |
|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| 0 | 0 | 828 | 0 |
----------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | | | | | | | |
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
| 2. 1984.....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0
| 3. 1985.....| 945 | 0 | 945 | 0.0 | 0.0 | 0.0 | 0 | 0
| 4. 1986.....| 32 | 0 | 32 | 0.0 | 0.0 | 0.0 | 0 | 0
| 5. 1987.....| 48 | 0 | 48 | 41.0 | 0.0 | 41.0 | 0 | 0
| 6. 1988.....| 295 | 0 | 295 | 134.7 | 0.0 | 134.7 | 0 | 0
| 7. 1989.....| 424 | 0 | 424 | 186.0 | 0.0 | 186.0 | 0 | 0
| 8. 1990.....| 304 | 0 | 304 | 118.8 | 0.0 | 118.8 | 0 | 0
| 9. 1991.....| 225 | 0 | 225 | 75.3 | 0.0 | 75.3 | 0 | 0
|10. 1992.....| 191 | 0 | 191 | 74.9 | 0.0 | 74.9 | 0 | 0
|11. 1993.....| 40 | 0 | 40 | 60.6 | 0.0 | 60.6 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
------------------------------------------------------------
| | | Net Balance Sheet Reserves||
| | 33 | After Discount ||
| | |-----------------------------||
| |Inter-Company | 34 | 35 ||
| | Pooling | | Loss ||
| |Participation | Losses | Expenses ||
| | Percentage | Unpaid | Unpaid ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| X X X X | 0 | 0 ||
| 2. 1984.....| 0.0 | 0 | 0 ||
| 3. 1985.....| 0.0 | 0 | 0 ||
| 4. 1986.....| 0.0 | 0 | 0 ||
| 5. 1987.....| 0.0 | 24 | 0 ||
| 6. 1988.....| 0.0 | 154 | 0 ||
| 7. 1989.....| 0.0 | 169 | 0 ||
| 8. 1990.....| 0.0 | 38 | 0 ||
| 9. 1991.....| 0.0 | 215 | 0 ||
|10. 1992.....| 0.0 | 188 | 0 ||
|11. 1993.....| 0.0 | 40 | 0 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| X X X X | 828 | 0 ||
------------------------------------------------------------
Page: Page 71
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1G - SPECIAL LIABILITY (OCEAN MARINE, AIRCRAFT
(ALL PERILS), BOILER AND MACHINERY)
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 1,505 | 1,233 | 168 | 131 | 5
| 2. 1984.....| 39,674 | 20,980 | 18,694 | 30,725 | 16,632 | 2,483 | 1,664 | 633
| 3. 1985.....| 51,313 | 26,552 | 24,761 | 46,088 | 28,329 | 3,652 | 2,343 | 960
| 4. 1986.....| 105,321 | 55,944 | 49,377 | 58,692 | 31,346 | 4,388 | 2,548 | 402
| 5. 1987.....| 123,309 | 70,752 | 52,557 | 66,728 | 39,939 | 6,044 | 4,006 | 1,068
| 6. 1988.....| 103,314 | 60,212 | 43,102 | 60,116 | 38,451 | 5,184 | 3,624 | 242
| 7. 1989.....| 69,557 | 42,614 | 26,943 | 50,727 | 29,681 | 3,933 | 2,434 | 720
| 8. 1990.....| 63,446 | 36,143 | 27,303 | 44,547 | 27,107 | 3,673 | 2,447 | 138
| 9. 1991.....| 42,601 | 31,190 | 11,411 | 47,830 | 31,370 | 3,039 | 2,135 | 200
|10. 1992.....| 41,704 | 26,431 | 15,273 | 19,960 | 12,068 | 1,124 | 567 | 14
|11. 1993.....| 49,333 | 34,173 | 15,160 | 11,061 | 6,088 | 618 | 253 | 1
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 437,979 | 262,244 | 34,306 | 22,152 | 4,383
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
------------------------------------------------------------
| 1 | ||
| ------------------------------| ||
| Years | 10 | 11 | 12 ||
| in Which | | | Number of ||
|Premiums Were | Unallocated | Total | Claims ||
| Earned and | Loss | Net Paid | Reported - ||
| Losses Were | Expense | (5 - 6 + 7 | Direct and ||
| Incurred | Payments | - 8 + 10) | Assumed ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| 0 | 309 | X X X X ||
| 2. 1984.....| 269 | 15,181 | X X X X ||
| 3. 1985.....| 261 | 19,329 | X X X X ||
| 4. 1986.....| 102 | 29,288 | X X X X ||
| 5. 1987.....| 88 | 28,915 | X X X X ||
| 6. 1988.....| 72 | 23,297 | X X X X ||
| 7. 1989.....| 72 | 22,617 | X X X X ||
| 8. 1990.....| 87 | 18,753 | X X X X ||
| 9. 1991.....| 77 | 17,441 | X X X X ||
|10. 1992.....| 94 | 8,543 | X X X X ||
|11. 1993.....| 211 | 5,549 | X X X X ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| 1,333 | 189,222 | X X X X ||
------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| 5,523 | 5,048 | 161 | 161 | 0 | 0 | 424 | 420
| 2. 1984.....| 644 | 434 | 3 | 3 | 0 | 0 | 22 | 14
| 3. 1985.....| 452 | 345 | 3 | 3 | 0 | 0 | 8 | 8
| 4. 1986.....| 1,086 | 607 | 225 | 10 | 0 | 0 | 29 | 29
| 5. 1987.....| 2,081 | 675 | 789 | 27 | 0 | 0 | 173 | 71
| 6. 1988.....| 3,106 | 1,519 | 809 | 52 | 0 | 0 | 158 | 142
| 7. 1989.....| 4,754 | 2,998 | 599 | 162 | 0 | 0 | 439 | 423
| 8. 1990.....| 8,731 | 6,748 | 458 | 323 | 0 | 0 | 869 | 815
| 9. 1991.....| 4,998 | 3,369 | 446 | 188 | 0 | 0 | 424 | 364
|10. 1992.....| 8,635 | 6,219 | 794 | 300 | 0 | 0 | 503 | 449
|11. 1993.....| 11,829 | 7,547 | 2,514 | 787 | 0 | 0 | 5,350 | 3,445
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 51,839 | 35,509 | 6,801 | 2,016 | 0 | 0 | 8,399 | 6,180
-----------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------
| | | | |
| | 21 | 22 | 23 | 24 ||
| | | | | Number of ||
| | Salvage | Unallocated | Total | Claims ||
| | and | Loss | Net Losses |Outstanding - ||
| | Subrogation | Expenses | and Expenses | Direct and ||
| | Anticipated | Unpaid | Unpaid | Assumed ||
|--------------|--------------|--------------|--------------|--------------||
| | | | | ||
| | | | | ||
| 1. Prior ...| 0 | 0 | 479 | 0 ||
| 2. 1984.....| 0 | 0 | 218 | 0 ||
| 3. 1985.....| 0 | 0 | 107 | 0 ||
| 4. 1986.....| 0 | 0 | 694 | 0 ||
| 5. 1987.....| 0 | 12 | 2,282 | 3 ||
| 6. 1988.....| 0 | 2 | 2,362 | 1 ||
| 7. 1989.....| 0 | 2 | 2,211 | 1 ||
| 8. 1990.....| 0 | 6 | 2,178 | 9 ||
| 9. 1991.....| 0 | 9 | 1,956 | 5 ||
|10. 1992.....| 0 | 10 | 2,974 | 6 ||
|11. 1993.....| 0 | 36 | 7,950 | 35 ||
|--------------|--------------|--------------|--------------|--------------||
|12. Totals ..| 0 | 77 | 23,411 | 60 ||
----------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | | | | | | | |
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
| 2. 1984.....| 34,146 | 18,747 | 15,399 | 86.1 | 89.4 | 82.4 | 0 | 0
| 3. 1985.....| 50,464 | 31,028 | 19,436 | 98.3 | 116.9 | 78.5 | 0 | 0
| 4. 1986.....| 64,522 | 34,540 | 29,982 | 61.3 | 61.7 | 60.7 | 0 | 0
| 5. 1987.....| 75,915 | 44,718 | 31,197 | 61.6 | 63.2 | 59.4 | 0 | 0
| 6. 1988.....| 69,447 | 43,788 | 25,659 | 67.2 | 72.7 | 59.5 | 0 | 0
| 7. 1989.....| 60,526 | 35,698 | 24,828 | 87.0 | 83.8 | 92.2 | 0 | 0
| 8. 1990.....| 58,371 | 37,440 | 20,931 | 92.0 | 103.6 | 76.7 | 0 | 0
| 9. 1991.....| 56,823 | 37,426 | 19,397 | 133.4 | 120.0 | 170.0 | 0 | 0
|10. 1992.....| 31,120 | 19,603 | 11,517 | 74.6 | 74.2 | 75.4 | 0 | 0
|11. 1993.....| 31,619 | 18,120 | 13,499 | 64.1 | 53.0 | 89.0 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
------------------------------------------------------------
| | | Net Balance Sheet Reserves||
| | 33 | After Discount ||
| | |-----------------------------||
| |Inter-Company | 34 | 35 ||
| | Pooling | | Loss ||
| |Participation | Losses | Expenses ||
| | Percentage | Unpaid | Unpaid ||
|--------------|--------------|--------------|--------------||
| | | | ||
| | | | ||
| 1. Prior ...| X X X X | 475 | 4 ||
| 2. 1984.....| 0.0 | 210 | 8 ||
| 3. 1985.....| 0.0 | 107 | 0 ||
| 4. 1986.....| 0.0 | 694 | 0 ||
| 5. 1987.....| 0.0 | 2,168 | 114 ||
| 6. 1988.....| 0.0 | 2,344 | 18 ||
| 7. 1989.....| 0.0 | 2,193 | 18 ||
| 8. 1990.....| 0.0 | 2,118 | 60 ||
| 9. 1991.....| 0.0 | 1,887 | 69 ||
|10. 1992.....| 0.0 | 2,910 | 64 ||
|11. 1993.....| 0.0 | 6,009 | 1,941 ||
|--------------|--------------|--------------|--------------||
|12. Totals ..| X X X X | 21,115 | 2,296 ||
------------------------------------------------------------
Page: Page 73
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AF FILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1H - SECTION 2 - OTHER LIABILITY - CLAIMS-MADE
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|--------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9
| in Which | | | | | Expense Payments |
|Premiums Were | | | |-----------------------------|-----------------------------| Salvage
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 0 | 0 | 0 | 0 | 0
| 2. 1984.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 3. 1985.....| 0 | 0 | 0 | 105 | 16 | 20 | 9 | (11)
| 4. 1986.....| 0 | 0 | 0 | 882 | 516 | 44 | (2)| (5)
| 5. 1987.....| 68 | 0 | 68 | 0 | 0 | (6)| 0 | 0
| 6. 1988.....| 1,993 | 0 | 1,993 | 609 | 28 | 50 | 6 | (13)
| 7. 1989.....| 2,406 | 0 | 2,406 | 595 | 0 | 135 | 0 | (18)
| 8. 1990.....| 2,190 | 286 | 1,904 | 872 | 0 | 77 | 0 | (11)
| 9. 1991.....| 3,137 | 42 | 3,095 | 179 | 0 | 123 | 0 | (18)
|10. 1992.....| 2,122 | 270 | 1,852 | 750 | 0 | 104 | 0 | (6)
|11. 1993.....| 1,550 | 517 | 1,033 | 59 | 0 | 25 | 0 | (12)
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | 4,051 | 560 | 572 | 13 | (94)
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
------------------------------------------------------------
| 1 | |
| ------------------------------| |
| Years | 10 | 11 | 12 |
| in Which | | | Number of |
|Premiums Were | Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------- |--------------|--------------|--------------|
| | | | |
| | | | |
| 1. Prior ... | 3 | 3 | X X X X |
| 2. 1984..... | 1 | 1 | 0 |
| 3. 1985..... | 11 | 111 | 0 |
| 4. 1986..... | 80 | 492 | 1 |
| 5. 1987..... | 8 | 2 | 2 |
| 6. 1988..... | 94 | 719 | 111 |
| 7. 1989..... | 115 | 845 | 185 |
| 8. 1990..... | 64 | 1,013 | 156 |
| 9. 1991..... | 79 | 381 | 158 |
|10. 1992..... | 78 | 932 | 135 |
|11. 1993..... | 27 | 111 | 107 |
|-------------- |--------------|--------------|--------------|
|12. Totals .. | 560 | 4,610 | X X X X |
------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid
| |--------------------------------------------------------|-----------------------------------------------------------
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR
| |---------------------------|----------------------------|-----------------------------|-----------------------------
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
| | Direct | | Direct | | Direct | | Direct |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| 0 | 0 | 0 | 0 | 0 | 0 | 40 | 0
| 2. 1984.....| 0 | 0 | 0 | 0 | 0 | 0 | 12 | 0
| 3. 1985.....| 122 | 266 | 0 | 0 | 0 | 0 | 5 | 0
| 4. 1986.....| 176 | 162 | 0 | 0 | 0 | 0 | 31 | 0
| 5. 1987.....| 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0
| 6. 1988.....| 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0
| 7. 1989.....| 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 8. 1990.....| 0 | 0 | 0 | 0 | 0 | 0 | 119 | 0
| 9. 1991.....| 313 | 0 | 0 | 0 | 0 | 0 | 134 | 0
|10. 1992.....| 208 | 0 | 0 | 0 | 0 | 0 | 86 | 0
|11. 1993.....| 215 | 0 | 0 | 0 | 0 | 0 | 13 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| 1,045 | 428 | 0 | 0 | 0 | 0 | 446 | 0
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------- -
| | | | | | |
| | 21 | 22 | 23 | 24 | |
| | | | | Number of | |
| | Salvage | Unallocated | Total | Claims | |
| | and | Loss | Net Losses |Outstanding -| |
| | Subrogation | Expenses | and Expenses | Direct and | |
| | Anticipated | Unpaid | Unpaid | Assumed | |
|--------------|--------------|--------------|--------------|-------------| |
| | | | | | |
| | | | | | |
| 1. Prior ...| 0 | 9 | 49 | 0 | |
| 2. 1984.....| 0 | 4 | 16 | 0 | |
| 3. 1985.....| 0 | 42 | (97)| 0 | |
| 4. 1986.....| 0 | 62 | 107 | 0 | |
| 5. 1987.....| 0 | 1 | 4 | 0 | |
| 6. 1988.....| 0 | 1 | 4 | 0 | |
| 7. 1989.....| 0 | 1 | 12 | 0 | |
| 8. 1990.....| 0 | 27 | 146 | 1 | |
| 9. 1991.....| 0 | 55 | 502 | 5 | |
|10. 1992.....| 0 | 42 | 336 | 9 | |
|11. 1993.....| 0 | 11 | 239 | 41 | |
|--------------|--------------|--------------|--------------|-------------| |
|12. Totals ..| 0 | 255 | 1,318 | 56 | |
------------------------------------------------------------------------- -
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money
| |-----------------------------------------|--------------------------------------------|-----------------------------
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32
| | | | | | | | |
| | Direct | | | Direct | | | | Loss
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
| | | | | | | | |
| | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
| 2. 1984.....| 17 | 0 | 17 | 0.0 | 0.0 | 0.0 | 0 | 0
| 3. 1985.....| 305 | 291 | 14 | 0.0 | 0.0 | 0.0 | 0 | 0
| 4. 1986.....| 1,275 | 676 | 599 | 0.0 | 0.0 | 0.0 | 0 | 0
| 5. 1987.....| 6 | 0 | 6 | 8.8 | 0.0 | 8.8 | 0 | 0
| 6. 1988.....| 757 | 34 | 723 | 38.0 | 0.0 | 36.3 | 0 | 0
| 7. 1989.....| 857 | 0 | 857 | 35.6 | 0.0 | 35.6 | 0 | 0
| 8. 1990.....| 1,159 | 0 | 1,159 | 52.9 | 0.0 | 60.9 | 0 | 0
| 9. 1991.....| 883 | 0 | 883 | 28.1 | 0.0 | 28.5 | 0 | 0
|10. 1992.....| 1,268 | 0 | 1,268 | 59.8 | 0.0 | 68.5 | 0 | 0
|11. 1993.....| 350 | 0 | 350 | 22.6 | 0.0 | 33.9 | 0 | 0
|--------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------- -
| | | Net Balance Sheet Reserves| |
| | 33 | After Discount | |
| | |-----------------------------| |
| |Inter-Company | 34 | 35 | |
| | Pooling | | Loss | |
| |Participation | Losses | Expenses | |
| | Percentage | Unpaid | Unpaid | |
|--------------|--------------|--------------|--------------| |
| | | | | |
| | | | | |
| 1. Prior ...| X X X X | 0 | 49 | |
| 2. 1984.....| 0.0 | 0 | 16 | |
| 3. 1985.....| 0.0 | (144)| 47 | |
| 4. 1986.....| 0.0 | 14 | 93 | |
| 5. 1987.....| 0.0 | 0 | 4 | |
| 6. 1988.....| 0.0 | 0 | 4 | |
| 7. 1989.....| 0.0 | 11 | 1 | |
| 8. 1990.....| 0.0 | 0 | 146 | |
| 9. 1991.....| 0.0 | 313 | 189 | |
|10. 1992.....| 0.0 | 208 | 128 | |
|11. 1993.....| 0.0 | 215 | 24 | |
|--------------|--------------|--------------|--------------| |
|12. Totals ..| X X X X | 617 | 701 | |
----------------------------------------------------------- -
Page # 74
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1I - SPECIAL PROPERTY (FIRE, ALLIED LINES, INLAND MARINE,
EARTHQUAKE, GLASS, BURGLARY AND THEFT)
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | (1,084)| (8,832)| 1,765 | 311 | 8,744 |
| 2. 1992.....| 171,409 | 41,594 | 129,815 | 86,138 | 15,425 | 1,502 | 897 | 891 |
| 3. 1993.....| 164,585 | 47,656 | 116,929 | 52,931 | 2,667 | 944 | 54 | 1,168 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | X X X X | X X X X | 137,985 | 9,260 | 4,210 | 1,262 | 10,803 |
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
----------------------------------------------------------
| 1 | | |
| |-----------------------------| |
| Years | 10 | 11 | 12 |
| Which | | | Number of |
|Premiums Were| Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| 128 | 9,329 | X X X X |
| 2. 1992.....| 6,353 | 77,671 | X X X X |
| 3. 1993.....| 5,199 | 56,353 | X X X X |
|-------------|--------------|--------------|--------------|
| 4. Totals ..| 11,680 | 143,353 | X X X X |
----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| 19,779 | 2,938 | 10,619 | 63 | 0 | 0 | 564 | 142 |
| 2. 1992.....| 12,860 | 1,920 | 1,749 | 69 | 0 | 0 | 438 | 57 |
| 3. 1993.....| 27,897 | 8,942 | 6,991 | 3,006 | 0 | 0 | 2,708 | 596 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| 60,536 | 13,800 | 19,359 | 3,138 | 0 | 0 | 3,710 | 796 |
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expense | and Expenses | Direct and |
| | Anticipated | Unpaid | Unpaid | Assumed |
|-------------|--------------|--------------|--------------|-------------|
| | | | | |
| 1. Prior ...| (1,623)| 174 | 27,993 | 91 |
| 2. 1992.....| (627)| 168 | 13,168 | 121 |
| 3. 1993.....| (991)| 951 | 26,002 | 1,139 |
|-------------|--------------|--------------|--------------|-------------|
| 4. Totals ..| (3,241)| 1,292 | 67,163 | 1,351 |
------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | | | | | | | | |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
| 2. 1992.....| 109,207 | 18,369 | 90,838 | 63.7 | 44.2 | 70.0 | 0 | 0 |
| 3. 1993.....| 97,621 | 15,266 | 82,355 | 59.3 | 32.0 | 70.4 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| | |-----------------------------|
| |Inter-Company | 34 | 35 |
| | Pooling | | |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| X X X X | 27,397 | 595 |
| 2. 1992.....| 0.0 | 12,619 | 548 |
| 3. 1993.....| 0.0 | 22,940 | 3,063 |
|-------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | 62,956 | 4,206 |
----------------------------------------------------------
SCHEDULE P - PART 1J - AUTO PHYSICAL DAMAGE
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 1,280 | 1,225 | 1,223 | 20 | 50,083 |
| 2. 1992.....| 289,710 | 10,099 | 279,611 | 151,634 | 4,834 | 1,974 | 607 | 21,947 |
| 3. 1993.....| 251,550 | 16,407 | 235,142 | 112,413 | 7,867 | 1,188 | 68 | 8,865 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | X X X X | X X X X | 265,327 | 13,927 | 4,386 | 695 | 80,895 |
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
----------------------------------------------------------
| 1 | | |
| |-----------------------------| |
| Years | 10 | 11 | 12 |
| Which | | | Number of |
|Premiums Were| Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| 69 | 1,328 | X X X X |
| 2. 1992.....| 19,727 | 167,894 | 125,584 |
| 3. 1993.....| 13,143 | 118,808 | 102,306 |
|-------------|--------------|--------------|--------------|
| 4. Totals ..| 32,939 | 288,030 | X X X X |
----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| 6,728 | 126 | 6,320 | 35 | 0 | 0 | 78 | 16 |
| 2. 1992.....| 1,240 | 28 | (421)| 14 | 0 | 0 | 96 | 4 |
| 3. 1993.....| 17,272 | 1,863 | 3,199 | 512 | 0 | 0 | 3,497 | 336 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| 25,241 | 2,016 | 9,098 | 560 | 0 | 0 | 3,671 | 356 |
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expense | and Expenses | Direct and |
| | Anticipated | Unpaid | Unpaid | Assumed |
|-------------|--------------|--------------|--------------|-------------|
| | | | | |
| 1. Prior ...| (3,639)| 36 | 12,986 | 81 |
| 2. 1992.....| (3,013)| 48 | 918 | 92 |
| 3. 1993.....| (8,259)| 1,384 | 22,641 | 5,049 |
|-------------|--------------|--------------|--------------|-------------|
| 4. Totals ..| (14,911)| 1,468 | 36,544 | 5,222 |
------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | | | | | | | | |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
| 2. 1992.....| 174,299 | 5,487 | 168,812 | 60.2 | 54.3 | 60.4 | 0 | 0 |
| 3. 1993.....| 152,095 | 10,647 | 141,448 | 60.5 | 64.9 | 60.2 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| | |-----------------------------|
| |Inter-Company | 34 | 35 |
| | Pooling | | |
| | Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------| -------------|--------------|--------------|
| | | | |
| 1. Prior ...| X X X X | 12,888 | 98 |
| 2. 1992.....| 0.0 | 777 | 141 |
| 3. 1993.....| 0.0 | 18,096 | 4,544 |
|-------------| --------------|--------------|--------------|
| 4. Totals ..| X X X X | 31,762 | 4,783 |
-------------- --------------------------------------------
Page # 75
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1K - FIDELITY, SURETY, FINANCIAL GUARANTY,
MORTGAGE GUARANTY
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 4,418 | (4,413)| 8,585 | 2,133 | 13,587 |
| 2. 1992.....| 142,463 | 34,068 | 108,394 | 33,790 | 5,809 | 2,995 | 819 | 755 |
| 3. 1993.....| 144,905 | 30,121 | 114,784 | 9,376 | 1,820 | 841 | 143 | 20 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | X X X X | X X X X | 47,585 | 3,215 | 12,420 | 3,096 | 14,363 |
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
----------------------------------------------------------
| 1 | | |
| |-----------------------------| |
| Years | 10 | 11 | 12 |
| Which | | | Number of |
|Premiums Were| Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| 3,114 | 18,396 | X X X X |
| 2. 1992.....| 6,324 | 36,481 | X X X X |
| 3. 1993.....| 1,229 | 9,483 | X X X X |
|-------------|--------------|--------------|--------------|
| 4. Totals ..| 10,667 | 64,361 | X X X X |
----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| 25,014 | 8,833 | (14,050)| (6,730)| 0 | 0 | 19,992 | 5,753 |
| 2. 1992.....| 12,240 | 8,128 | 218 | 0 | 0 | 0 | 6,655 | 1,535 |
| 3. 1993.....| 5,844 | 1,045 | 9,946 | 2,476 | 0 | 0 | 9,603 | 1,970 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| 43,099 | 18,006 | (3,886)| (4,254)| 0 | 0 | 36,250 | 9,258 |
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expense | and Expenses | Direct and |
| |A nticipated | Unpaid | Unpaid | Assumed |
|-------------|--------------|--------------|--------------|-------------|
| | | | | |
| 1. Prior ...| (13,785)| 1,571 | 24,671 | 1,646 |
| 2. 1992.....| (1,782)| 695 | 10,146 | 966 |
| 3. 1993.....| (2,520)| 1,437 | 21,340 | 613 |
|-------------| -------------|--------------|--------------|-------------|
| 4. Totals ..| (18,087)| 3,704 | 56,157 | 3,225 |
------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | | | | | | | | |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
| 2. 1992.....| 62,918 | 16,291 | 46,627 | 44.2 | 47.8 | 43.0 | 0 | 0 |
| 3. 1993.....| 38,277 | 7,454 | 30,824 | 26.4 | 24.7 | 26.9 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| | |-----------------------------|
| Inter-Company | 34 | 35 |
| | Pooling | | |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------|--------------|--------------|--------------|
| | | |
| 1. Prior ...| X X X X | 8,861 | 15,810 |
| 2. 1992.....| 0.0 | 4,330 | 5,815 |
| 3. 1993.....| 0.0 | 12,270 | 9,070 |
|-------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | 25,461 | 30,695 |
-------------- --------------------------------------------
SCHEDULE P - PART 1L - OTHER (INCLUDING CREDIT, ACCIDENT AND HEALTH)
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 47 | 9 | 1 | 0 | 4 |
| 2. 1992.....| 6 | 14,851 | (14,845)| 0 | 0 | 0 | 0 | 0 |
| 3. 1993.....| 14 | (14,332)| 14,347 | 0 | 0 | 0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | X X X X | X X X X | 47 | 9 | 1 | 0 | 4 |
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
----------------------------------------------------------
| 1 | | |
| |-----------------------------| |
| Years | 10 | 11 | 12 |
| Which | | | Number of |
|Premiums Were| Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| 25 | 64 | X X X X |
| 2. 1992.....| 0 | 0 | X X X X |
| 3. 1993.....| 0 | 0 | X X X X |
|-------------|--------------|--------------|--------------|
| 4. Totals ..| 25 | 64 | X X X X |
----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| 222 | 95 | 0 | 0 | 0 | 0 | 13 | 9 |
| 2. 1992.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1993.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| 222 | 95 | 0 | 0 | 0 | 0 | 13 | 9 |
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expense | and Expenses | Direct and |
| | Anticipated | Unpaid | Unpaid | Assumed |
|-------------|--------------|--------------|--------------|-------------|
| | | | | |
| 1. Prior ...| 0 | 19 | 150 | 6 |
| 2. 1992.....| 0 | 0 | 0 | 0 |
| 3. 1993.....| 0 | 0 | 0 | 0 |
|-------------|--------------|--------------|--------------|-------------|
| 4. Totals ..| 0 | 19 | 150 | 6 |
------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | | | | | | | | |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
| 2. 1992.....| 0 | 0 | 0 | 1.9 | 0.0 | (0.0)| 0 | 0 |
| 3. 1993.....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| | |-----------------------------|
| |Inter-Company | 34 | 35 |
| | Pooling | | |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| X X X X | 127 | 23 |
| 2. 1992.....| 0.0 | 0 | 0 |
| 3. 1993.....| 0.0 | 0 | 0 |
|-------------|--------------|--------------|--------------|
| 4. Totals ..| X X X X | 127 | 23 |
----------------------------------------------------------
Page # 76
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART IM - INTERNATIONAL
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| | Premiums Earned | Loss and Loss Expense Payments
| 1 |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| in Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
c>
| 1. Prior ..| X X X X | X X X X | X X X X | 0 | 0 | 0 | 0 | 0 |
| 2. 1984....| 27 | 0 | 27 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4. 1986....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5. 1987....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6. 1988....| 19,649 | 337 | 19,312 | 13,321 | 90 | 389 | 1 | 0 |
| 7. 1989....| 14,651 | 122 | 14,529 | 10,054 | 24 | 328 | (0)| 0 |
| 8. 1990....| 12,386 | 63 | 12,323 | 10,358 | 212 | 339 | (0)| 0 |
| 9. 1991....| 9,982 | 69 | 9,913 | 7,185 | 46 | 222 | (2)| 0 |
|10. 1992....| 4,683 | 39 | 4,644 | 2,879 | 11 | 45 | (8)| 0 |
|11. 1993....| 12,988 | 0 | 12,988 | 355 | 1 | 0 | (0)| 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| X X X X | X X X X | X X X X | 44,153 | 384 | 1,324 | (10)| 0 |
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
--------------------------------------------------------- -
| | | | |
| 1 |-----------------------------| 12 | |
| Years | 10 | 11 | | |
| in Which | | | Number of | |
|Premiums Were| Unallocated | Total | Claims | |
| Earned and | Loss | Net Paid | Reported - | |
| Losses Were | Expense | (5 - 6 + 7 | Direct and | |
| Incurred | Payments | - 8 + 10) | Assumed | |
|-------------|--------------|--------------|--------------| |
| | | | | |
| 1. Prior ..| 0 | 0 | X X X X | |
| 2. 1984....| 0 | 0 | X X X X | |
| 3. 1985....| 0 | 0 | X X X X | |
| 4. 1986....| 0 | 0 | X X X X | |
| 5. 1987....| 0 | 0 | X X X X | |
| 6. 1988....| 0 | 13,619 | X X X X | |
| 7. 1989....| 0 | 10,358 | X X X X | |
| 8. 1990....| 0 | 10,486 | X X X X | |
| 9. 1991....| 0 | 7,364 | X X X X | |
|10. 1992....| 0 | 2,920 | X X X X | |
|11. 1993....| 0 | 355 | X X X X | |
|-------------|--------------|--------------|--------------| |
|12. Totals ..| 0 | 45,103 | X X X X | |
--------------------------------------------------------- -
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ..| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4. 1986....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5. 1987....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6. 1988....| 729 | 0 | 1,694 | 0 | 0 | 0 | 0 | 0 |
| 7. 1989....| 880 | 0 | 1,444 | 0 | 0 | 0 | 0 | 0 |
| 8. 1990....| 411 | 0 | 958 | 0 | 0 | 0 | 0 | 0 |
| 9. 1991....| 494 | 0 | 1,728 | 0 | 0 | 0 | 0 | 0 |
|10. 1992....| 479 | 0 | 1,735 | 0 | 0 | 0 | 0 | 0 |
|11. 1993....| 5,226 | 0 | 4,466 | 0 | 0 | 0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| 8,219 | 0 | 12,025 | 0 | 0 | 0 | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expenses | and Expenses | Direct |
| | Anticipated | Unpaid | Unpaid | and Assumed |
|-------------|--------------|--------------|--------------|-------------|
| | | | | |
| 1. Prior ..| 0 | 0 | 0 | 0 |
| 2. 1984....| 0 | 0 | 0 | 0 |
| 3. 1985....| 0 | 0 | 0 | 0 |
| 4. 1986....| 0 | 0 | 0 | 0 |
| 5. 1987....| 0 | 0 | 0 | 0 |
| 6. 1988....| 0 | 0 | 2,423 | 0 |
| 7. 1989....| 0 | 0 | 2,324 | 0 |
| 8. 1990....| 0 | 0 | 1,369 | 0 |
| 9. 1991....| 0 | 0 | 2,222 | 0 |
|10. 1992....| 0 | 0 | 2,214 | 0 |
|11. 1993....| 0 | 0 | 9,692 | 0 |
|-------------|--------------|--------------|--------------|-------------|
|12. Totals ..| 0 | 0 | 20,244 | 0 |
------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
| 2. 1984....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 3. 1985....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 4. 1986....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 5. 1987....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 6. 1988....| 16,133 | 91 | 16,042 | 82.1 | 27.0 | 83.1 | 0 | 0 |
| 7. 1989....| 12,706 | 24 | 12,682 | 86.7 | 19.7 | 87.3 | 0 | 0 |
| 8. 1990....| 12,066 | 212 | 11,855 | 97.4 | 335.9 | 96.2 | 0 | 0 |
| 9. 1991....| 9,630 | 43 | 9,587 | 96.5 | 62.8 | 96.7 | 0 | 0 |
|10. 1992....| 5,138 | 3 | 5,134 | 109.7 | 8.7 | 110.5 | 0 | 0 |
|11. 1993....| 10,048 | 1 | 10,048 | 77.4 | 64,200.0 | 77.4 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| |Inter-Company |-----------------------------|
| | Pooling | 34 | 35 |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ..| X X X X | 0 | 0 |
| 2. 1984....| 0.0 | 0 | 0 |
| 3. 1985....| 0.0 | 0 | 0 |
| 4. 1986....| 0.0 | 0 | 0 |
| 5. 1987....| 0.0 | 0 | 0 |
| 6. 1988....| 0.0 | 2,423 | 0 |
| 7. 1989....| 0.0 | 2,324 | 0 |
| 8. 1990....| 0.0 | 1,369 | 0 |
| 9. 1991....| 0.0 | 2,222 | 0 |
|10. 1992....| 0.0 | 2,214 | 0 |
|11. 1993....| 0.0 | 9,692 | 0 |
|-------------|--------------|--------------|--------------|
|12. Totals ..| X X X X | 20,244 | 0 |
----------------------------------------------------------
Page # 77
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1N - REINSURANCE A
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. 1988.....| 34,707 | 1,738 | 32,968 | 11,192 | 949 | 352 | 85 | 0 |
| 2. 1989.....| 25,922 | 2,056 | 23,866 | 13,312 | 1,855 | 408 | (188)| 0 |
| 3. 1990.....| 79,740 | 60,145 | 19,595 | 51,100 | 42,042 | 894 | 85 | 0 |
| 4. 1991.....| 60,073 | 34,454 | 25,619 | 23,017 | 17,964 | 342 | (67)| 0 |
| 5. 1992.....| 56,589 | 10,089 | 46,500 | 18,738 | 16,671 | 207 | 133 | 0 |
| 6. 1993.....| 61,844 | 10,382 | 51,462 | 2,250 | 1,179 | 27 | 14 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 7. Totals ..| X X X X | X X X X | X X X X | 119,609 | 80,659 | 2,230 | 64 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
NOTE: Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
----------------------------------------------------------
| 1 | | |
| -----------------------------| |
| Years | 10 | 11 | 12 |
| Which | | | Number of |
|Premiums Were Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------|-------------|--------------|--------------|
| | | | |
| 1. 1988.....| 0 | 10,510 | X X X X |
| 2. 1989.....| 0 | 12,053 | X X X X |
| 3. 1990.....| 0 | 9,867 | X X X X |
| 4. 1991.....| 0 | 5,463 | X X X X |
| 5. 1992.....| 0 | 2,140 | X X X X |
| 6. 1993.....| 0 | 1,084 | X X X X |
|-------------|-------------|--------------|--------------|
| 7. Totals ..| 0 | 41,117 | X X X X |
----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. 1988.....| 1,565 | 12 | 3,620 | 9 | 0 | 0 | 0 | 0 |
| 2. 1989.....| 2,390 | 9 | 4,962 | 21 | 0 | 0 | 0 | 0 |
| 3. 1990.....| 750 | 62 | 5,093 | 19 | 0 | 0 | 0 | 0 |
| 4. 1991.....| 3,339 | 1,251 | 7,005 | 89 | 0 | 0 | 0 | 0 |
| 5. 1992.....| 7,930 | 2,667 | 23,659 | 5,115 | 0 | 0 | 0 | 0 |
| 6. 1993.....| 4,360 | 898 | 44,093 | 9,120 | 0 | 0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 7. Totals ..| 20,335 | 4,899 | 88,432 | 14,373 | 0 | 0 | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------- -
| | | | | | |
| | 21 | 22 | 23 | 24 | |
| | | | | Number of | |
| | Salvage | Unallocated | Total | Claims | |
| | and | Loss | Net Losses |Outstanding -| |
| | Subrogation | Expense | and Expenses | Direct and | |
| | Anticipated | Unpaid | Unpaid | Assumed | |
|-------------|--------------|--------------|--------------|-------------| |
| | | | | | |
| 1. 1988.....| 0 | 0 | 5,163 | X X X X | |
| 2. 1989.....| 0 | 0 | 7,323 | X X X X | |
| 3. 1990.....| 0 | 0 | 5,763 | X X X X | |
| 4. 1991.....| 0 | 0 | 9,004 | X X X X | |
| 5. 1992.....| 0 | 0 | 23,807 | X X X X | |
| 6. 1993.....| 0 | 0 | 38,435 | X X X X | |
|-------------|--------------|--------------|--------------|-------------| |
| 7. Totals ..| 0 | 0 | 89,495 | X X X X | |
----------------------------------------------------------------------- -
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | | | | | | | | |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. 1988.....| 16,729 | 1,056 | 15,673 | 48.2 | 60.8 | 47.5 | 0 | 0 |
| 2. 1989.....| 21,073 | 1,697 | 19,376 | 81.3 | 82.5 | 81.2 | 0 | 0 |
| 3. 1990.....| 57,837 | 42,207 | 15,630 | 72.5 | 70.2 | 79.8 | 0 | 0 |
| 4. 1991.....| 33,704 | 19,237 | 14,467 | 56.1 | 55.8 | 56.5 | 0 | 0 |
| 5. 1992.....| 50,534 | 24,586 | 25,948 | 89.3 | 243.7 | 55.8 | 0 | 0 |
| 6. 1993.....| 50,730 | 11,211 | 39,519 | 82.0 | 108.0 | 76.8 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 7. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| | |-----------------------------|
| |Inter-Company | 34 | 35 |
| | Pooling | | |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. 1988.....| 0.0 | 5,163 | 0 |
| 2. 1989.....| 0.0 | 7,323 | 0 |
| 3. 1990.....| 0.0 | 5,763 | 0 |
| 4. 1991.....| 0.0 | 9,004 | 0 |
| 5. 1992.....| 0.0 | 23,807 | 0 |
| 6. 1993.....| 0.0 | 38,435 | 0 |
|-------------|--------------|--------------|--------------|
| 7. Totals ..| X X X X | 89,495 | 0 |
----------------------------------------------------------
SCHEDULE P - PART 1O - REINSURANCE B
(000 Omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. 1988.....| 155,207 | 139,405 | 15,802 | 85,207 | 79,623 | 1,062 | 170 | 0 |
| 2. 1989.....| 443,293 | 419,913 | 23,380 | 215,551 | 204,195 | 2,501 | 85 | 0 |
| 3. 1990.....| 321,700 | 308,404 | 13,296 | 154,278 | 148,785 | 1,919 | 339 | 0 |
| 4. 1991.....| 150,161 | 142,532 | 7,629 | 53,613 | 52,290 | 891 | 192 | 0 |
| 5. 1992.....| 193,065 | 175,005 | 18,060 | 163,272 | 152,991 | 159 | 85 | 0 |
| 6. 1993.....| 331,591 | 372,114 | (40,523)| 70,423 | 70,177 | 87 | (153)| 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 7. Totals ..| X X X X | X X X X | X X X X | 742,344 | 708,063 | 6,618 | 717 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
NOTE: Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
----------------------------------------------------------
| 1 | | |
| |-----------------------------| |
| Years | 10 | 11 | 12 |
| Which | | | Number of |
|Premiums Were| Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. 1988.....| 0 | 6,476 | X X X X |
| 2. 1989.....| 0 | 13,773 | X X X X |
| 3. 1990.....| 0 | 7,073 | X X X X |
| 4. 1991.....| 0 | 2,022 | X X X X |
| 5. 1992.....| 0 | 10,354 | X X X X |
| 6. 1993.....| 0 | 485 | X X X X |
|-------------|--------------|--------------|--------------|
| 7. Totals ..| 0 | 40,182 | X X X X |
----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. 1988.....| 83,758 | 82,826 | 1,993 | 178 | 0 | 0 | 0 | 0 |
| 2. 1989.....| 91,770 | 90,023 | 2,567 | 404 | 0 | 0 | 0 | 0 |
| 3. 1990.....| 98,743 | 98,458 | 2,174 | 352 | 0 | 0 | 0 | 0 |
| 4. 1991.....| 9,386 | 8,451 | 21,415 | 17,374 | 0 | 0 | 0 | 0 |
| 5. 1992.....| 25,975 | 23,950 | 13,647 | 4,960 | 0 | 0 | 0 | 0 |
| 6. 1993.....| 26,450 | 23,957 | 27,645 | 17,955 | 0 | 0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 7. Totals ..| 336,082 | 327,666 | 69,442 | 41,224 | 0 | 0 | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expense | and Expenses | Direct and |
| | Anticipated | Unpaid | Unpaid | Assumed |
|-------------|--------------|--------------|--------------|-------------|
| | | | | |
| 1. 1988.....| 0 | 0 | 2,746 | X X X X |
| 2. 1989.....| 0 | 0 | 3,910 | X X X X |
| 3. 1990.....| 0 | 0 | 2,107 | X X X X |
| 4. 1991.....| 0 | 0 | 4,976 | X X X X |
| 5. 1992.....| 0 | 0 | 10,711 | X X X X |
| 6. 1993.....| 0 | 0 | 12,183 | X X X X |
|-------------|--------------|--------------|--------------|-------------|
| 7. Totals ..| 0 | 0 | 36,634 | X X X X |
------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | | | | | | | | |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. 1988.....| 172,019 | 162,797 | 9,222 | 110.8 | 116.8 | 58.4 | 0 | 0 |
| 2. 1989.....| 312,389 | 294,707 | 17,682 | 70.5 | 70.2 | 75.6 | 0 | 0 |
| 3. 1990.....| 257,115 | 247,935 | 9,180 | 79.9 | 80.4 | 69.0 | 0 | 0 |
| 4. 1991.....| 85,305 | 78,307 | 6,998 | 56.8 | 54.9 | 91.7 | 0 | 0 |
| 5. 1992.....| 203,053 | 181,987 | 21,065 | 105.2 | 104.0 | 116.6 | 0 | 0 |
| 6. 1993.....| 124,605 | 111,937 | 12,668 | 37.6 | 30.1 | (31.3)| 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 7. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| | |-----------------------------|
| |Inter-Company | 34 | 35 |
| | Pooling | | |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. 1988.....| 0.0 | 2,746 | 0 |
| 2. 1989.....| 0.0 | 3,910 | 0 |
| 3. 1990.....| 0.0 | 2,107 | 0 |
| 4. 1991.....| 0.0 | 4,976 | 0 |
| 5. 1992.....| 0.0 | 10,711 | 0 |
| 6. 1993.....| 0.0 | 12,183 | 0 |
|-------------|--------------|--------------|--------------|
| 7. Totals ..| X X X X | 36,634 | 0 |
----------------------------------------------------------
Page # 78
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1P - REINSURANCE C
(OOO omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. 1988.....| 1,548 | (3)| 1,551 | 394 | 0 | 7 | 0 | 0 |
| 2. 1989.....| 1,673 | 0 | 1,673 | 0 | 0 | 0 | 0 | 0 |
| 3. 1990.....| 365 | 330 | 35 | 0 | 0 | 0 | 0 | 0 |
| 4. 1991.....| 1,068 | 1,068 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5. 1992.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6. 1993.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 7. Totals ..| X X X X | X X X X | X X X X | 394 | 0 | 7 | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
NOTE: Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
----------------------------------------------------------
| 1 | | |
| |-----------------------------| |
| Years | 10 | 11 | 12 |
| Which | | | Number of |
|Premiums Were| Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. 1988.....| 0 | 401 | X X X X |
| 2. 1989.....| 0 | 0 | X X X X |
| 3. 1990.....| 0 | 0 | X X X X |
| 4. 1991.....| 0 | 0 | X X X X |
| 5. 1992.....| 0 | 0 | X X X X |
| 6. 1993.....| 0 | 0 | X X X X |
|-------------|--------------|--------------|--------------|
| 7. Totals ..| 0 | 401 | X X X X |
----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. 1988.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1989.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1990.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4. 1991.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5. 1992.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6. 1993.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 7. Totals ..| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expense | and Expenses | Direct and |
| | Anticipated | Unpaid | Unpaid | Assumed |
|-------------|--------------|--------------|--------------|-------------|
| | | | | |
| 1. 1988.....| 0 | 0 | 0 | X X X X |
| 2. 1989.....| 0 | 0 | 0 | X X X X |
| 3. 1990.....| 0 | 0 | 0 | X X X X |
| 4. 1991.....| 0 | 0 | 0 | X X X X |
| 5. 1992.....| 0 | 0 | 0 | X X X X |
| 6. 1993.....| 0 | 0 | 0 | X X X X |
|-------------|--------------|--------------|--------------|-------------|
| 7. Totals ..| 0 | 0 | 0 | X X X X |
------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | | | | | | | | |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. 1988.....| 401 | 0 | 401 | 25.9 | 0.0 | 25.8 | 0 | 0 |
| 2. 1989.....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 3. 1990.....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 4. 1991.....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 5. 1992.....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 6. 1993.....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 7. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| | |-----------------------------|
| |Inter-Company | 34 | 35 |
| | Pooling | | |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. 1988.....| 0.0 | 0 | 0 |
| 2. 1989.....| 0.0 | 0 | 0 |
| 3. 1990.....| 0.0 | 0 | 0 |
| 4. 1991.....| 0.0 | 0 | 0 |
| 5. 1992.....| 0.0 | 0 | 0 |
| 6. 1993.....| 0.0 | 0 | 0 |
|-------------|--------------|--------------|--------------|
| 7. Totals ..| X X X X | 0 | 0 |
----------------------------------------------------------
SCHEDULE P - PART 1Q - REINSURANCE D
(OOO omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| 1 | Premiums Earned | Loss and Loss Expense Payments
| |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 0 | 0 | 0 | 0 | 0 |
| 2. 1984.....| 2,162 | 1,685 | 477 | (108,463)| (111,318)| 73 | 28 | 0 |
| 3. 1985.....| 48,980 | 27,823 | 21,157 | 26,546 | 8,386 | 284 | (34)| 0 |
| 4. 1986.....| 101,003 | 61,408 | 39,595 | 53,924 | 25,703 | 681 | 221 | 0 |
| 5. 1987.....| 49,262 | 5,704 | 43,558 | 32,938 | 4,128 | 850 | (169)| 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 6. Totals ..| X X X X | X X X X | X X X X | 4,947 | (73,101)| 1,889 | 46 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
NOTE: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
----------------------------------------------------------
| 1 | | |
| |-----------------------------| |
| Years | 10 | 11 | 12 |
| Which | | | Number of |
|Premiums Were| Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| 0 | 0 | X X X X |
| 2. 1984.....| 0 | 2,901 | X X X X |
| 3. 1985.....| 0 | 18,478 | X X X X |
| 4. 1986.....| 0 | 28,682 | X X X X |
| 5. 1987.....| 0 | 29,830 | X X X X |
|-------------|--------------|--------------|--------------|
| 6. Totals ..| 0 | 79,890 | X X X X |
----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984.....| 0 | 0 | 125,334 | 125,334 | 0 | 0 | 0 | 0 |
| 3. 1985.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4. 1986.....| 463 | 0 | 442 | 0 | 0 | 0 | 0 | 0 |
| 5. 1987.....| 1,429 | 6 | 2,492 | 0 | 0 | 0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 6. Totals ..| 1,892 | 6 | 128,268 | 125,334 | 0 | 0 | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
-------------- ----------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expense | and Expenses | Direct and |
| | Anticipated | Unpaid | Unpaid | Assumed |
|-------------| --------------|--------------|--------------|-------------|
| | | | | |
| 1. Prior ...| 0 | 0 | 0 | X X X X |
| 2. 1984.....| 0 | 0 | 0 | X X X X |
| 3. 1985.....| 0 | 0 | 0 | X X X X |
| 4. 1986.....| 0 | 0 | 905 | X X X X |
| 5. 1987.....| 0 | 0 | 3,916 | X X X X |
|-------------| --------------|--------------|--------------|-------------|
| 6. Totals ..| 0 | 0 | 4,820 | X X X X |
-------------- ----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | | | | | | | | |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
| 2. 1984.....| 16,945 | 14,044 | 2,901 | 783.9 | 833.5 | 608.7 | 0 | 0 |
| 3. 1985.....| 26,830 | 8,353 | 18,478 | 54.8 | 30.0 | 87.3 | 0 | 0 |
| 4. 1986.....| 55,510 | 25,924 | 29,586 | 55.0 | 42.2 | 74.7 | 0 | 0 |
| 5. 1987.....| 37,710 | 3,965 | 33,746 | 76.6 | 69.5 | 77.5 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| 6. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| | |-----------------------------|
| |Inter-Company | 34 | 35 |
| | Pooling | | |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| 0.0 | 0 | 0 |
| 2. 1984.....| 0.0 | 0 | 0 |
| 3. 1985.....| 0.0 | 0 | 0 |
| 4. 1986.....| 0.0 | 905 | 0 |
| 5. 1987.....| 0.0 | 3,916 | 0 |
|-------------|--------------|--------------|--------------|
| 6. Totals ..| X X X X | 4,820 | 0 |
----------------------------------------------------------
Page # 79
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1R - SECTION 1 - PRODUCTS LIABILITY - OCCURRENCE
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| | Premiums Earned | Loss and Loss Expense Payments
| 1 |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| in Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | 3,805 | 12 | 27 | 51 | 141 |
| 2. 1984.....| 17,934 | 3,056 | 14,878 | 17,736 | 865 | 8,817 | 455 | 758 |
| 3. 1985.....| 29,241 | 6,615 | 22,626 | 17,506 | 1,978 | 9,345 | 627 | 747 |
| 4. 1986.....| 58,624 | 17,080 | 41,544 | 17,987 | 2,286 | 9,340 | 861 | 303 |
| 5. 1987.....| 69,307 | 20,533 | 48,774 | 21,913 | 7,039 | 11,590 | 2,508 | 919 |
| 6. 1988.....| 45,670 | 15,513 | 30,157 | 11,747 | 1,979 | 5,932 | 598 | 373 |
| 7. 1989.....| 29,430 | 10,438 | 18,992 | 10,716 | 2,913 | 5,154 | 1,449 | 212 |
| 8. 1990.....| 24,424 | 8,559 | 15,864 | 4,464 | 1,119 | 1,922 | 483 | 41 |
| 9. 1991.....| 17,168 | 5,206 | 11,962 | 3,985 | 954 | 1,630 | 415 | 23 |
|10. 1992.....| 12,044 | 3,459 | 8,585 | 500 | 155 | 269 | 55 | 3 |
|11. 1993.....| 11,626 | 5,243 | 6,382 | 1,178 | 49 | 96 | 8 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| X X X X | X X X X | X X X X | 111,538 | 19,350 | 54,122 | 7,510 | 3,521 |
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
----------------------------------------------------------
| | | |
| 1 |-----------------------------| 12 |
| Years | 10 | 11 | |
| in Which | | | Number of |
|Premiums Were| Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| 595 | 4,363 | X X X X |
| 2. 1984.....| 1,412 | 26,645 | 1,470 |
| 3. 1985.....| 1,272 | 25,518 | 1,518 |
| 4. 1986.....| 1,154 | 25,333 | 1,397 |
| 5. 1987.....| 1,237 | 25,192 | 1,197 |
| 6. 1988.....| 806 | 15,908 | 891 |
| 7. 1989.....| 567 | 12,075 | 987 |
| 8. 1990.....| 501 | 5,286 | 965 |
| 9. 1991.....| 507 | 4,753 | 589 |
|10. 1992.....| 568 | 1,127 | 403 |
|11. 1993.....| 168 | 1,386 | 187 |
|-------------|--------------|--------------|--------------|
|12. Totals ..| 8,787 | 147,587 | X X X X |
----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| 14,090 | 104 | 7,993 | 18 | 0 | 0 | 21,834 | 14 |
| 2. 1984.....| 1,943 | 21 | 1,351 | 11 | 0 | 0 | 1,578 | 3 |
| 3. 1985.....| 977 | 175 | 1,936 | 26 | 0 | 0 | 1,563 | 20 |
| 4. 1986.....| 1,792 | 118 | 2,214 | 20 | 0 | 0 | 2,097 | 16 |
| 5. 1987.....| 2,696 | 72 | 2,843 | 10 | 0 | 0 | 2,756 | 8 |
| 6. 1988.....| 3,738 | 339 | 2,558 | 30 | 0 | 0 | 2,542 | 48 |
| 7. 1989.....| 2,869 | 1,062 | 2,029 | 65 | 0 | 0 | 1,724 | 143 |
| 8. 1990.....| 4,456 | 1,628 | 2,322 | 82 | 0 | 0 | 1,947 | 155 |
| 9. 1991.....| 4,854 | 1,528 | 2,743 | 115 | 0 | 0 | 2,280 | 151 |
|10. 1992.....| 2,312 | 624 | 3,102 | 92 | 0 | 0 | 1,523 | 50 |
|11. 1993.....| 1,293 | 753 | 3,165 | 266 | 0 | 0 | 3,426 | 839 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| 41,019 | 6,423 | 32,256 | 734 | 0 | 0 | 43,268 | 1,447 |
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expenses | and Expenses | Direct |
| | Anticipated | Unpaid | Unpaid | and Assumed |
|-------------|--------------|--------------|--------------|-------------|
| | | | | |
| 1. Prior ...| (143)| 3,066 | 46,847 | 235 |
| 2. 1984.....| (43)| 402 | 5,239 | 47 |
| 3. 1985.....| (58)| 289 | 4,543 | 44 |
| 4. 1986.....| (68)| 510 | 6,460 | 77 |
| 5. 1987.....| (79)| 577 | 8,782 | 91 |
| 6. 1988.....| (71)| 491 | 8,913 | 61 |
| 7. 1989.....| (46)| 181 | 5,533 | 42 |
| 8. 1990.....| (41)| 271 | 7,132 | 56 |
| 9. 1991.....| (59)| 402 | 8,484 | 81 |
|10. 1992.....| (48)| 281 | 6,451 | 62 |
|11. 1993.....| (26)| 90 | 6,116 | 45 |
|-------------|--------------|--------------|--------------|-------------|
|12. Totals ..| (682)| 6,562 | 114,500 | 841 |
------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
| 2. 1984.....| 33,239 | 1,355 | 31,884 | 185.3 | 44.3 | 214.3 | 0 | 0 |
| 3. 1985.....| 32,887 | 2,825 | 30,062 | 112.5 | 42.7 | 132.9 | 0 | 0 |
| 4. 1986.....| 35,094 | 3,301 | 31,793 | 59.9 | 19.3 | 76.5 | 0 | 0 |
| 5. 1987.....| 43,612 | 9,638 | 33,974 | 62.9 | 46.9 | 69.7 | 0 | 0 |
| 6. 1988.....| 27,814 | 2,994 | 24,821 | 60.9 | 19.3 | 82.3 | 0 | 0 |
| 7. 1989.....| 23,239 | 5,631 | 17,608 | 79.0 | 54.0 | 92.7 | 0 | 0 |
| 8. 1990.....| 15,885 | 3,467 | 12,418 | 65.0 | 40.5 | 78.3 | 0 | 0 |
| 9. 1991.....| 16,400 | 3,163 | 13,237 | 95.5 | 60.8 | 110.7 | 0 | 0 |
|10. 1992.....| 8,554 | 976 | 7,578 | 71.0 | 28.2 | 88.3 | 0 | 0 |
|11. 1993.....| 9,417 | 1,915 | 7,502 | 81.0 | 36.5 | 117.5 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
- -----------------------------------------------------------
| | Net Balance Sheet Reserves |
| | 33 | After Discount |
| |Inter-Company |-----------------------------|
| | Pooling | 34 | 35 |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| X X X X | 21,962 | 24,886 |
| 2. 1984.....| 0.0 | 3,262 | 1,977 |
| 3. 1985.....| 0.0 | 2,711 | 1,832 |
| 4. 1986.....| 0.0 | 3,868 | 2,592 |
| 5. 1987.....| 0.0 | 5,457 | 3,325 |
| 6. 1988.....| 0.0 | 5,927 | 2,985 |
| 7. 1989.....| 0.0 | 3,771 | 1,762 |
| 8. 1990.....| 0.0 | 5,068 | 2,063 |
| 9. 1991.....| 0.0 | 5,954 | 2,530 |
|10. 1992.....| 0.0 | 4,698 | 1,753 |
|11. 1993.....| 0.0 | 3,439 | 2,677 |
|-------------|--------------|--------------|--------------|
|12. Totals ..| X X X X | 66,117 | 48,383 |
-------------|--------------------------------------------
Page # 80
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 1R - SECTION 2 - PRODUCTS LIABILITY -
CLAIMS-MADE
(000 omitted)
-----------------------------------------------------------------------------------------------------------------------------------
| | Premiums Earned | Loss and Loss Expense Payments
| 1 |-----------------------------------------|---------------------------------------------------------------------------
| Years | 2 | 3 | 4 | Loss Payments | Allocated Loss | 9 |
| in Which | | | | | Expense Payments | |
|Premiums Were| | | |-----------------------------|-----------------------------| Salvage |
| Earned and | Direct | | Net | 5 | 6 | 7 | 8 | and |
| Losses Were | and | Ceded | (2 - 3) | Direct | | Direct | | Subrogation |
| Incurred | Assumed | | | and Assumed | Ceded | and Assumed | Ceded | Received |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
>
| 1. Prior ...| X X X X | X X X X | X X X X | 0 | 0 | 0 | 0 | 0 |
| 2. 1984.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4. 1986.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5. 1987.....| 14 | 0 | 14 | 0 | 0 | 0 | 0 | 0 |
| 6. 1988.....| 234 | 0 | 234 | 6 | 0 | 7 | 0 | (1)|
| 7. 1989.....| 310 | 0 | 310 | 9 | 0 | 10 | 0 | 0 |
| 8. 1990.....| 294 | 0 | 294 | 82 | 0 | 345 | 0 | 0 |
| 9. 1991.....| 285 | 0 | 285 | 94 | 0 | 72 | 0 | (4)|
|10. 1992.....| 104 | 0 | 104 | 8 | 0 | 23 | 0 | (1)|
|11. 1993.....| 118 | 0 | 118 | 0 | 0 | 20 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| X X X X | X X X X | X X X X | 198 | 0 | 477 | 0 | (5)|
-----------------------------------------------------------------------------------------------------------------------------------
Note: For "prior," report amounts paid or received in current year only.
Report cumulative amounts paid or received for specific years. Report loss payments net of salvage and subrogation received.
<FN>
----------------------------------------------------------
| | | |
| 1 |-----------------------------| 12 |
| Years | 10 | 11 | |
| in Which | | | Number of |
|Premiums Were| Unallocated | Total | Claims |
| Earned and | Loss | Net Paid | Reported - |
| Losses Were | Expense | (5 - 6 + 7 | Direct and |
| Incurred | Payments | - 8 + 10) | Assumed |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| 0 | 0 | X X X X |
| 2. 1984.....| 0 | 0 | 0 |
| 3. 1985.....| 0 | 0 | 0 |
| 4. 1986.....| 0 | 0 | 0 |
| 5. 1987.....| 2 | 2 | 0 |
| 6. 1988.....| 11 | 24 | 6 |
| 7. 1989.....| 15 | 33 | 2 |
| 8. 1990.....| 40 | 466 | 8 |
| 9. 1991.....| 44 | 210 | 13 |
|10. 1992.....| 201 | 231 | 6 |
|11. 1993.....| 2 | 23 | 81 |
|-------------|--------------|--------------|--------------|
|12. Totals ..| 314 | 990 | X X X X |
----------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Losses Unpaid | Allocated Loss Expenses Unpaid |
| |--------------------------------------------------------|-----------------------------------------------------------|
| | Case Basis | Bulk + IBNR | Case Basis | Bulk + IBNR |
| |---------------------------|----------------------------|-----------------------------|-----------------------------|
| | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| | Direct | | Direct | | Direct | | Direct | |
| | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded | and Assumed | Ceded |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4. 1986.....| 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 |
| 5. 1987.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6. 1988.....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7. 1989.....| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| 8. 1990.....| 0 | 0 | 0 | 0 | 0 | 0 | (0)| 0 |
| 9. 1991.....| 5 | 0 | 0 | 0 | 0 | 0 | 12 | 0 |
|10. 1992.....| 0 | 0 | 0 | 0 | 0 | 0 | 348 | 0 |
|11. 1993.....| 850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| 855 | 0 | 0 | 0 | 0 | 0 | 365 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
| | | | | |
| | 21 | 22 | 23 | 24 |
| | | | | Number of |
| | Salvage | Unallocated | Total | Claims |
| | and | Loss | Net Losses |Outstanding -|
| | Subrogation | Expenses | and Expenses | Direct |
| | Anticipated | Unpaid | Unpaid | and Assumed |
|-------------|--------------|--------------|--------------|-------------|
| | | | | |
| 1. Prior ...| 0 | 0 | 0 | 0 |
| 2. 1984.....| 0 | 0 | 0 | 0 |
| 3. 1985.....| 0 | 0 | 0 | 0 |
| 4. 1986.....| 0 | 2 | 5 | 0 |
| 5. 1987.....| 0 | 0 | 0 | 0 |
| 6. 1988.....| 0 | 0 | 0 | 0 |
| 7. 1989.....| 0 | 0 | 2 | 0 |
| 8. 1990.....| 0 | 0 | (0)| 0 |
| 9. 1991.....| 0 | 1 | 18 | 2 |
|10. 1992.....| 0 | 228 | 576 | 0 |
|11. 1993.....| 0 | 0 | 850 | 79 |
|-------------|--------------|--------------|--------------|-------------|
|12. Totals ..| 0 | 231 | 1,450 | 81 |
------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
| | Total Losses and | Loss and Loss Expense Percentage | Discount for Time |
| | Loss Expenses Incurred | (Incurred/Premiums Earned) | Value of Money |
| |-----------------------------------------|--------------------------------------------|-----------------------------|
| | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| | Direct | | | Direct | | | | Loss |
| | and Assumed | Ceded | Net * | and Assumed | Ceded | Net | Loss | Expense |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
| | | | | | | | | |
| 1. Prior ...| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
| 2. 1984.....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 3. 1985.....| 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 4. 1986.....| 5 | 0 | 5 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| 5. 1987.....| 2 | 0 | 2 | 12.9 | 0.0 | 12.9 | 0 | 0 |
| 6. 1988.....| 24 | 0 | 24 | 10.4 | 0.0 | 10.4 | 0 | 0 |
| 7. 1989.....| 35 | 0 | 35 | 11.2 | 0.0 | 11.2 | 0 | 0 |
| 8. 1990.....| 466 | 0 | 466 | 158.4 | 0.0 | 158.4 | 0 | 0 |
| 9. 1991.....| 228 | 0 | 228 | 80.1 | 0.0 | 80.1 | 0 | 0 |
|10. 1992.....| 807 | 0 | 807 | 778.2 | 0.0 | 778.2 | 0 | 0 |
|11. 1993.....| 873 | 0 | 873 | 741.1 | 0.0 | 741.1 | 0 | 0 |
|-------------|-------------|-------------|-------------|--------------|--------------|--------------|--------------|--------------|
|12. Totals ..| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
-----------------------------------------------------------------------------------------------------------------------------------
*Net = (25 - 26) = (11 + 23)
<FN>
----------------------------------------------------------
| | | Net Balance Sheet Reserves |
| | 33 | After Discount |
| |Inter-Company |-----------------------------|
| | Pooling | 34 | 35 |
| |Participation | Losses |Loss Expenses |
| | Percentage | Unpaid | Unpaid |
|-------------|--------------|--------------|--------------|
| | | | |
| 1. Prior ...| X X X X | 0 | 0 |
| 2. 1984.....| 0.0 | 0 | 0 |
| 3. 1985.....| 0.0 | 0 | 0 |
| 4. 1986.....| 0.0 | 0 | 5 |
| 5. 1987.....| 0.0 | 0 | 0 |
| 6. 1988.....| 0.0 | 0 | 0 |
| 7. 1989.....| 0.0 | 0 | 2 |
| 8. 1990.....| 0.0 | 0 | (0)|
| 9. 1991.....| 0.0 | 5 | 13 |
|10. 1992.....| 0.0 | 0 | 576 |
|11. 1993.....| 0.0 | 850 | 0 |
|-------------|--------------|--------------|--------------|
|12. Totals ..| X X X X | 855 | 595 |
----------------------------------------------------------
Page 81
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 2A - HOMEOWNERS/FARMOWNERS
------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |----------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
|-------------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
|
| 1. Prior ......| 20,853 * | 18,939 | 17,488 | 19,341 | 19,015 | 19,095 | 19,181 |
| 2. 1984........| 130,259 | 130,600 | 130,504 | 129,995 | 130,289 | 130,224 | 130,381 |
| 3. 1985........| X X X X | 163,293 | 161,780 | 163,183 | 163,943 | 163,699 | 163,870 |
| 4. 1986........| X X X X | X X X X | 150,891 | 140,466 | 141,188 | 141,094 | 140,779 |
| 5. 1987........| X X X X | X X X X | X X X X | 145,362 | 133,500 | 131,436 | 129,910 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 136,735 | 127,851 | 127,629 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 161,136 | 152,034 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 148,750 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
| 1 | Development** ||
| |----------------------------------------|---------------------------||
| Years in Which | 9 | 10 | 11 | 12 | 13 ||
| Losses Were | 1991 | 1992 | 1993 | One Year | Two Year ||
| Incurred | | | | | ||
|--------------------|------------|-------------|-------------|-------------|-------------||
| | | | | | ||
| 1. Prior ...... | 19,114 | 19,087 | 19,067 | (20)| (47)||
| 2. 1984........ | 130,447 | 130,432 | 130,438 | 6 | (9)||
| 3. 1985........ | 163,968 | 164,046 | 164,437 | 391 | 469 ||
| 4. 1986........ | 140,166 | 140,140 | 140,049 | (91)| (117)||
| 5. 1987........ | 126,780 | 126,913 | 126,790 | (123)| 10 ||
| 6. 1988........ | 126,023 | 125,826 | 125,748 | (78)| (275)||
| 7. 1989........ | 150,820 | 151,861 | 151,951 | 90 | 1,131 ||
| 8. 1990........ | 139,518 | 140,024 | 140,055 | 31 | 537 ||
| 9. 1991........ | 177,601 | 165,548 | 165,009 | (539)| (12,592)||
| 10. 1992........ | X X X X | 193,601 | 181,168 | (12,433)| X X X X ||
| 11. 1993........ | X X X X | X X X X | 110,806 | X X X X | X X X X ||
------------------------------------------------------------ |-------------|-------------|-
12. Totals | (12,766)| (10,893)|
-------------------------------------------------
SCHEDULE P - PART 2B - PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |----------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
-------------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|
| 1. Prior ......| 138,769 * | 151,900 | 150,026 | 154,209 | 159,279 | 159,648 | 159,575 |
| 2. 1984........| 262,701 | 282,722 | 294,679 | 297,308 | 300,574 | 304,915 | 305,530 |
| 3. 1985........| X X X X | 281,456 | 314,605 | 322,512 | 328,421 | 332,819 | 333,041 |
| 4. 1986........| X X X X | X X X X | 310,271 | 313,575 | 321,444 | 317,969 | 320,962 |
| 5. 1987........| X X X X | X X X X | X X X X | 301,420 | 306,677 | 308,344 | 308,884 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 285,941 | 302,310 | 303,811 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 309,260 | 321,455 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 339,210 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
| 1 | Development** |
| |---------------------------------------|---------------------------|
| Years in Which | 9 | 10 | 11 | 12 | 13 |
| Losses Were | 1991 | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | | |
|---------------------|-----------|-------------|-------------|-------------|-------------|
| 1. Prior ...... | 163,860 | 165,350 | 171,538 | 6,188 | 7,678 |
| 2. 1984........ | 309,694 | 309,519 | 310,251 | 732 | 557 |
| 3. 1985........ | 332,261 | 337,846 | 334,839 | (3,007)| 2,578 |
| 4. 1986........ | 320,731 | 325,471 | 323,967 | (1,504)| 3,236 |
| 5. 1987........ | 304,696 | 308,511 | 309,930 | 1,419 | 5,234 |
| 6. 1988........ | 299,676 | 305,696 | 304,813 | (883)| 5,137 |
| 7. 1989........ | 312,009 | 315,294 | 315,019 | (275)| 3,010 |
| 8. 1990........ | 327,128 | 307,879 | 312,942 | 5,063 | (14,186)|
| 9. 1991........ | 374,565 | 349,433 | 338,548 | (10,885)| (36,017)|
| 10. 1992........ | X X X X | 272,009 | 265,017 | (6,992)| X X X X |
| 11. 1993........ | X X X X | X X X X | 235,858 | X X X X | X X X X |
------------------------------------------------------------|-------------|-------------|
12. Totals | (10,144)| (22,773)|
-------------------------------------------------
SCHEDULE P - PART 2C - COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |----------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
-------------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|
| 1. Prior ......| 166,509 * | 202,363 | 198,495 | 192,148 | 199,046 | 199,565 | 199,572 |
| 2. 1984........| 206,373 | 241,921 | 250,678 | 256,147 | 258,892 | 264,016 | 263,821 |
| 3. 1985........| X X X X | 262,315 | 299,226 | 303,712 | 312,550 | 323,355 | 329,849 |
| 4. 1986........| X X X X | X X X X | 344,128 | 333,515 | 315,451 | 302,275 | 320,045 |
| 5. 1987........| X X X X | X X X X | X X X X | 391,334 | 355,821 | 314,506 | 308,358 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 283,122 | 291,544 | 301,662 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 302,863 | 269,923 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 272,448 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------
| 1 | | Development** |
| |---------------------------------------|---------------------------|
| Years in Which | 9 | 10 | 11 | 12 | 13 |
| Losses Were | 1991 | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | | |
-------------------|-----------|-------------|-------------|-------------|-------------|
| 1. Prior ..... 204,005 | 207,166 | 206,277 | (889)| 2,272 |
| 2. 1984....... 264,485 | 264,999 | 265,186 | 187 | 701 |
| 3. 1985....... 331,349 | 331,925 | 333,115 | 1,190 | 1,766 |
| 4. 1986....... 308,836 | 310,490 | 309,908 | (582)| 1,072 |
| 5. 1987....... 303,308 | 302,538 | 305,408 | 2,870 | 2,100 |
| 6. 1988....... 286,355 | 285,382 | 284,706 | (676)| (1,649)|
| 7. 1989....... 282,409 | 279,507 | 274,040 | (5,467)| (8,369)|
| 8. 1990....... 282,049 | 267,172 | 259,560 | (7,612)| (22,489)|
| 9. 1991....... 263,709 | 247,952 | 228,224 | (19,728)| (35,485)|
| 10. 1992....... X X X X | 205,427 | 185,499 | (19,928)| X X X X |
| 11. 1993....... X X X X | X X X X | 155,709 | X X X X | X X X X |
-----------------------------------------------------------|-------------|-------------|
12. Totals | (50,635)| (60,081)|
---------------------------
SCHEDULE P - PART 2D - WORKERS' COMPENSATION
------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |----------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
------------------------------------------------------------------------------------------------------------------------
| 1. Prior ......| 617,498 * | 652,737 | 670,984 | 719,649 | 781,762 | 840,479 | 865,365 |
| 2. 1984........| 370,864 | 412,572 | 420,400 | 431,681 | 451,254 | 465,521 | 475,693 |
| 3. 1985........| X X X X | 456,662 | 486,686 | 490,368 | 521,699 | 546,043 | 564,044 |
| 4. 1986........| X X X X | X X X X | 526,887 | 528,478 | 519,711 | 524,929 | 526,776 |
| 5. 1987........| X X X X | X X X X | X X X X | 505,533 | 499,516 | 500,958 | 525,304 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 521,268 | 539,213 | 578,796 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 588,512 | 615,008 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 606,690 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------
| 1 | | Development** |
| |-----------------------------------------|---------------------------|
| Years in Which | 9 | 10 | 11 | 12 | 13 |
| Losses Were | 1991 | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | | |
-------------------|-------------|-------------|-------------|-------------|-------------|
| 1. Prior ......| 917,318 | 941,284 | 1,004,032 | 62,748 | 86,714 |
| 2. 1984........| 489,953 | 499,256 | 519,705 | 20,449 | 29,752 |
| 3. 1985........| 578,875 | 587,520 | 613,205 | 25,685 | 34,330 |
| 4. 1986........| 547,050 | 551,728 | 573,491 | 21,763 | 26,441 |
| 5. 1987........| 534,379 | 536,409 | 566,997 | 30,588 | 32,618 |
| 6. 1988........| 585,768 | 594,656 | 621,926 | 27,270 | 36,158 |
| 7. 1989........| 674,752 | 663,508 | 699,681 | 36,173 | 24,929 |
| 8. 1990........| 589,411 | 601,101 | 617,348 | 16,247 | 27,937 |
| 9. 1991........| 478,680 | 483,984 | 453,183 | (30,801)| (25,497)|
| 10. 1992........| X X X X | 317,061 | 298,582 | (18,479)| X X X X |
| 11. 1993........| X X X X | X X X X | 154,703 | X X X X | X X X X |
-------------------------------------------------------------|-------------|-------------|
12. Totals | 191,643 | 273,382 |
---------------------------
SCHEDULE P - PART 2E - COMMERCIAL MULTIPLE PERIL
------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |----------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
------------------------------------------------------------------------------------------------------------------------
| 1. Prior ......| 105,031 * | 109,421 | 116,787 | 125,541 | 129,627 | 127,979 | 139,929 |
| 2. 1984........| 134,759 | 147,885 | 152,560 | 154,828 | 161,827 | 163,022 | 162,920 |
| 3. 1985........| X X X X | 162,765 | 172,620 | 174,674 | 185,429 | 195,720 | 196,477 |
| 4. 1986........| X X X X | X X X X | 170,445 | 155,001 | 161,660 | 172,818 | 174,757 |
| 5. 1987........| X X X X | X X X X | X X X X | 169,796 | 146,449 | 152,706 | 182,449 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 328,658 | 307,656 | 304,487 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 458,116 | 435,566 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 444,097 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
*Reported reserves only. Subsequent development relates only to
subsequent payments and reserves.
**Current year less first or second prior year, showing (redundant)
or adverse.
<FN>
----------------------------------------------------------------------------------------
| 1 | | Development** |
| |-----------------------------------------|---------------------------|
| Years in Which | 9 | 10 | 11 | 12 | 13 |
| Losses Were | 1991 | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | | |
-------------------|-------------|-------------|-------------|-------------|-------------|
| 1. Prior ......| 142,370 | 142,075 | 145,798 | 3,723 | 3,428 |
| 2. 1984........| 165,323 | 164,469 | 165,117 | 648 | (206)|
| 3. 1985........| 202,923 | 200,964 | 201,185 | 221 | (1,738)|
| 4. 1986........| 179,701 | 183,294 | 184,509 | 1,215 | 4,808 |
| 5. 1987........| 183,979 | 192,505 | 193,336 | 831 | 9,357 |
| 6. 1988........| 303,271 | 312,866 | 312,959 | 93 | 9,688 |
| 7. 1989........| 420,114 | 404,101 | 414,981 | 10,880 | (5,133)|
| 8. 1990........| 466,286 | 456,981 | 446,101 | (10,880)| (20,185)|
| 9. 1991........| 432,035 | 417,797 | 413,224 | (4,573)| (18,811)|
| 10. 1992........| X X X X | 417,018 | 383,326 | (33,692)| X X X X |
| 11. 1993........| X X X X | X X X X | 376,986 | X X X X | X X X X |
-------------------------------------------------------------|-------------|-------------|
12. Totals | (31,534)| (18,792)|
---------------------------
Page 82
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 2F - SECTION 1 - MEDICAL MALPRACTICE -
OCCURRENCE
- -------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |----------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
|-------------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
|
| 1. Prior | 47,900 * | 60,821 | 59,128 | 63,267 | 67,621 | 69,457 | 71,925 |
| 2. 1984........| 9,965 | 9,994 | 10,764 | 16,714 | 20,225 | 18,594 | 16,514 |
| 3. 1985........| X X X X | 10,272 | 11,890 | 8,598 | 6,936 | 7,529 | 6,006 |
| 4. 1986........| X X X X | X X X X | 120 | 2 | 8 | 13 | 4 |
| 5. 1987........| X X X X | X X X X | X X X X | 7 | 123 | 15 | 17 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 164 | 13 | 37 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 10 | 20 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 10 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
| 1 | Development** |
| ------------------------------------------|---------------------------|
| Years in Which | 9 | 10 | 11 | 12 | 13 |
| Losses Were | 1991 | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | | |
|--------------------|------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior ...... | 70,045 | 69,037 | 73,823 | 4,786 | 3,778 |
| 2. 1984........ | 12,110 | 11,362 | 10,802 | (560)| (1,308)|
| 3. 1985........ | 5,202 | 4,754 | 5,158 | 404 | (44)|
| 4. 1986........ | 4 | 4 | 4 | 0 | 0 |
| 5. 1987........ | 17 | 17 | 17 | 0 | 0 |
| 6. 1988........ | 38 | 43 | 43 | 0 | 5 |
| 7. 1989........ | 24 | 24 | 24 | 0 | 0 |
| 8. 1990........ | 0 | 356 | 358 | 2 | 358 |
| 9. 1991........ | 3 | 0 | 35 | 35 | 32 |
| 10. 1992........ | X X X X | 0 | 0 | 0 | X X X X |
| 11. 1993........ | X X X X | X X X X | 0 | X X X X | X X X X |
-------------------------------------------------------------|-------------|-------------|
12. Totals | 4,667 | 2,821 |
---------------------------
SCHEDULE P - PART 2F - SECTION 2 - MEDICAL MALPRACTICE - CLAIMS-MADE
- -------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |----------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
|-------------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|
| 1. Prior ......| 0 * | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984........| 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985........| X X X X | 0 | 0 | 1,178 | 1,020 | 1,037 | 1,037 |
| 4. 1986........| X X X X | X X X X | 0 | 23 | 30 | 32 | 32 |
| 5. 1987........| X X X X | X X X X | X X X X | 0 | 0 | 95 | 112 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 0 | 198 | 409 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 176 | 197 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 80 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------
| 1 | Development** |
| ----------- ------------------------------|---------------------------|
| Years in Which | 9 | 10 | 11 | 12 | 13 |
| Losses Were | 1991 | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | | |
|-------------------|---------------------------------------------------------------------|
| 1. Prior ..... | 0 | 0 | 0 | 0 | 0 |
| 2. 1984........| 0 | 0 | 0 | 0 | 0 |
| 3. 1985........| 945 | 945 | 945 | 0 | 0 |
| 4. 1986........| 32 | 32 | 32 | 0 | 0 |
| 5. 1987........| 88 | 88 | 48 | (40)| (40)|
| 6. 1988........| 236 | 231 | 295 | 64 | 59 |
| 7. 1989........| 210 | 378 | 424 | 46 | 214 |
| 8. 1990........| 191 | 333 | 304 | (29)| 113 |
| 9. 1991........| 224 | 224 | 224 | 0 | 0 |
| 10. 1992........| X X X X | 191 | 191 | 0 | X X X X |
| 11. 1993........| X X X X | X X X X | 40 | X X X X | X X X X |
-------------------------------------------------------------|-------------|-------------|
12. Totals | 41 | 346 |
---------------------------
SCHEDULE P - PART 2G - SPECIAL LIABILITY (OCEAN MARINE, AIRCRAFT
(ALL PERILS), BOILER AND MACHINERY)
- -------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |----------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
------------------------------------------------------------------------------------------------------------------------
| 1. Prior ......| 8,553 * | 8,539 | 8,896 | 8,674 | 9,175 | 9,482 | 8,619 |
| 2. 1984........| 14,897 | 15,951 | 14,735 | 14,793 | 15,014 | 14,987 | 15,113 |
| 3. 1985........| X X X X | 19,026 | 18,592 | 18,763 | 19,218 | 19,379 | 19,455 |
| 4. 1986........| X X X X | X X X X | 32,710 | 31,068 | 31,472 | 31,574 | 31,264 |
| 5. 1987........| X X X X | X X X X | X X X X | 34,199 | 33,346 | 33,152 | 31,094 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 33,994 | 27,941 | 26,529 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 28,336 | 25,561 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 24,440 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
| 1 | Development** |
| -------------------------------------------|---------------------------|
| Years in Which | 9 | 10 | 11 | 12 | 13 |
| Losses Were | 1991 | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | | |
|--------------------|-------------|-------------|-------------|---------------------------|
| 1. Prior ......| 8,473 | 8,459 | 8,475 | 16 | 2 |
| 2. 1984........| 15,111 | 15,147 | 15,130 | (17)| 19 |
| 3. 1985........| 19,406 | 19,177 | 19,176 | (1)| (230)|
| 4. 1986........| 30,183 | 30,036 | 29,880 | (156)| (303)|
| 5. 1987........| 30,500 | 31,021 | 31,097 | 76 | 597 |
| 6. 1988........| 25,407 | 25,698 | 25,583 | (115)| 176 |
| 7. 1989........| 24,421 | 24,419 | 24,753 | 334 | 332 |
| 8. 1990........| 21,880 | 21,355 | 20,838 | (517)| (1,042)|
| 9. 1991........| 21,188 | 20,078 | 19,310 | (768)| (1,878)|
| 10. 1992........| X X X X | 14,494 | 11,410 | (3,084)| X X X X |
| 11. 1993........| X X X X | X X X X | 13,251 | X X X X | X X X X |
| ------------------------------------------------------------|-------------|-------------|
12. Totals | (4,232)| (2,327)|
---------------------------
SCHEDULE P - PART 2H - SECTION 1 - OTHER LIABILITY - OCCURRENCE
- -------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |----------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
------------------------------------------------------------------------------------------------------------------------
| 1. Prior ......| 353,117 * | 414,497 | 453,995 | 478,173 | 503,660 | 543,409 | 564,262 |
| 2. 1984........| 143,703 | 152,697 | 163,218 | 169,349 | 178,504 | 188,744 | 188,799 |
| 3. 1985........| X X X X | 196,505 | 192,845 | 198,323 | 213,753 | 221,417 | 231,058 |
| 4. 1986........| X X X X | X X X X | 257,917 | 270,026 | 260,207 | 226,968 | 224,648 |
| 5. 1987........| X X X X | X X X X | X X X X | 304,479 | 290,562 | 251,419 | 237,160 |
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 221,807 | 186,050 | 223,022 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 148,722 | 146,744 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 158,238 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------
| 1 | Development** |
| |---------------------------------------------------------------------|
| Years in Which | 9 | 10 | 11 | 12 | 13 |
| Losses Were | 1991 | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | | |
-------------------|-------------|-------------|-------------|-------------|-------------|
| 1. Prior ......| 614,667 | 658,179 | 717,546 | 59,367 | 102,879 |
| 2. 1984........| 191,849 | 200,347 | 210,873 | 10,526 | 19,024 |
| 3. 1985........| 237,991 | 239,717 | 243,285 | 3,568 | 5,294 |
| 4. 1986........| 236,206 | 241,842 | 239,809 | (2,033)| 3,603 |
| 5. 1987........| 243,973 | 257,103 | 244,529 | (12,574)| 556 |
| 6. 1988........| 170,605 | 182,232 | 166,662 | (15,570)| (3,943)|
| 7. 1989........| 144,171 | 131,353 | 123,285 | (8,068)| (20,886)|
| 8. 1990........| 162,112 | 159,602 | 135,630 | (23,972)| (26,482)|
| 9. 1991........| 117,006 | 118,491 | 99,979 | (18,512)| (17,027)|
| 10. 1992........| X X X X | 76,240 | 67,663 | (8,577)| X X X X |
| 11. 1993........| X X X X | X X X X | 57,671 | X X X X | X X X X |
-------------------------------------------------------------|-------------|-------------|
12. Totals | (15,845)| 63,018 |
---------------------------
SCHEDULE P - PART 2H - SECTION 2 - OTHER LIABILITY - CLAIMS-MADE
- -------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |----------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
------------------------------------------------------------------------------------------------------------------------
| 1. Prior ......| 0 * | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984........| 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985........| X X X X | 0 | 0 | (62)| (73)| (28)| (77)|
| 4. 1986........| X X X X | X X X X | 0 | 325 | 268 | 207 | (380)|
| 5. 1987........| X X X X | X X X X | X X X X | 8 | 0 | 0 | (6)|
| 6. 1988........| X X X X | X X X X | X X X X | X X X X | 205 | 216 | 295 |
| 7. 1989........| X X X X | X X X X | X X X X | X X X X | X X X X | 652 | 729 |
| 8. 1990........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 481 |
| 9. 1991........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------
*Reported reserves only. Subsequent development relates only to subsequent
payments and reserves.
**Current year less first or second prior year, showing (redundant) or
adverse.
<FN>
- ------------------------------------------------------------------------------------------
| 1 | | Development**
| |---------------------------------------------------------------------
| Years in Which | 9 | 10 | 11 | 12 | 13 |
| Losses Were | 1991 | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | | |
| | | | | | |
- --------------------|------------|-------------|-------------|-------------|-------------|
| 1. Prior ......| 0 | 0 | 40 | 40 | 40 |
| 2. 1984........| 0 | 0 | 12 | 12 | 12 |
| 3. 1985........| 58 | (113)| (39)| 74 | (97)|
| 4. 1986........| 64 | 435 | 456 | 21 | 392 |
| 5. 1987........| (6)| (6)| (3)| 3 | 3 |
| 6. 1988........| 813 | 626 | 629 | 3 | (184)|
| 7. 1989........| 754 | 756 | 742 | (14)| (12)|
| 8. 1990........| 433 | 443 | 1,068 | 625 | 635 |
| 9. 1991........| 945 | 576 | 749 | 173 | (196)|
| 10. 1992........| X X X X | 1,305 | 1,148 | (157)| X X X X |
| 11. 1993........| X X X X | X X X X | 312 | X X X X | X X X X |
|------------------------------------------------------------|-------------|-------------|
12. Totals | 780 | 593 |
---------------------------
Page 83
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 2I - SPECIAL PROPERTY (FIRE, ALLIED LINES,
INLAND MARINE, EARTHQUAKE, GLASS, BURGLARY
AND THEFT)
- ---------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |---------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|-----------
| | | | | | | | |
| 1. Prior .....| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 83,912 *
| 2. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
| 3. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------
| 1 | Development** |
| -----------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
| | | | | |
|------------------|-------------|-------------|-------------|-------------|
| | | | | |
| 1. Prior ..... | 84,622 | 76,939 | (7,683)| (6,973)|
| 2. 1992....... | 89,970 | 84,318 | (5,652)| X X X X |
| 3. 1993....... | X X X X | 76,206 | X X X X | X X X X |
----------------------------------------------|-------------|-------------|
4. Totals | (13,335)| (6,973)|
---------------------------
SCHEDULE P - PART 2J - AUTO PHYSICAL DAMAGE
- ---------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|----------
| | | | | | | | |
| 1. Prior .....| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 49,455 *
| 2. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
| 3. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
--------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------
| 1 | | Development** |
| |-------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
| | | | | |
|-----------------|-----------|-------------|-------------|-------------|
| | | | | |
| 1. Prior .....| 41,944 | 34,959 | (6,985)| (14,496)|
| 2. 1992.......| 155,394 | 149,037 | (6,357)| X X X X |
| 3. 1993.......| X X X X | 126,922 | X X X X | X X X X |
-------------------------------------------|-------------|-------------|
4. Totals | (13,342)| (14,496)|
---------------------------
SCHEDULE P - PART 2K - FIDELITY, SURETY, FINANCIAL GUARANTY, MORTGAGE GUARANTY
- --------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|----------
| | | | | | | | |
| 1. Prior .....| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 41,830 *
| 2. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
| 3. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
--------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------
| 1 | | Development** |
| |---------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
| | | | | |
- ------------------|-------------|-------------|-------------|-------------|
| | | | | |
| 1. Prior .... | 48,154 | 55,055 | 6,901 | 13,225 |
| 2. 1992...... | 21,694 | 39,607 | 17,913 | X X X X |
| 3. 1993...... | X X X X | 28,157 | X X X X | X X X X |
|---------------------------------------------|-------------|-------------|
4. Totals | 24,814 | 13,225 |
---------------------------
SCHEDULE P - PART 2L - OTHER (INCLUDING CREDIT, ACCIDENT AND HEALTH)
- ---------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|---------
| | | | | | | | |
| 1. Prior .....| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 200 *
| 2. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
| 3. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
-------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------|
| 1 | | Development** |
| |---------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
| | | | | |
|-----------------|-------------|-------------|-------------|-------------
| | | | | |
| 1. Prior .... | 111 | 240 | 129 | 40 |
| 2. 1992...... | 108 | 0 | (108)| X X X X |
| 3. 1993...... | X X X X | 0 | X X X X | X X X X |
|---------------------------------------------|-------------|-------------|
4. Totals | 21 | 40 |
--------------------------
SCHEDULE P - PART 2M - INTERNATIONAL
- --------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |-------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|---------
| | | | | | | | |
| 1. Prior .....| 0 * | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 2. 1984.......| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 3. 1985.......| X X X X | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 4. 1986.......| X X X X | X X X X | 0 | 0 | 0 | 0 | 0 | 0
| 5. 1987.......| X X X X | X X X X | X X X X | 0 | 0 | 0 | 0 | 0
| 6. 1988.......| X X X X | X X X X | X X X X | X X X X | 18,581 | 18,142 | 17,663 | 15,821
| 7. 1989.......| X X X X | X X X X | X X X X | X X X X | X X X X | 13,397 | 13,678 | 13,166
| 8. 1990.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 13,549 | 14,227
| 9. 1991.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 12,266
| 10. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
| 11. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
--------------------------------------------------------------------------------------------------------------------------------
*Reported reserves only. Subsequent development relates only to subsequent
payments and reserves.
**Current year less first or second prior year, showing (redundant) or
adverse.
<FN>
- --------------------------------------------------------------------------|
| 1 | | Development** |
| |---------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
| | | | | |
|-----------------| ------------|-------------|-------------|-------------
| | | | | |
| 1. Prior .....| 0 | 0 | 0 | 0 |
| 2. 1984.......| 0 | 0 | 0 | 0 |
| 3. 1985.......| 0 | 0 | 0 | 0 |
| 4. 1986.......| 0 | 0 | 0 | 0 |
| 5. 1987.......| 0 | 0 | 0 | 0 |
| 6. 1988.......| 16,002 | 16,042 | 40 | 221 |
| 7. 1989.......| 12,957 | 12,682 | (275)| (484)|
| 8. 1990.......| 13,373 | 11,855 | (1,518)| (2,372)|
| 9. 1991.......| 11,005 | 9,587 | (1,418)| (2,679)|
| 10. 1992.......| 4,919 | 5,134 | 215 | X X X X |
| 11. 1993.......| X X X X | 10,048 | X X X X | X X X X |
---------------------------------------------|-------------|-------------|
12. Totals | (2,956)| (5,314)|
---------------------------
Page 84
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 2N - REINSURANCE A
--------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|----------
| 1. 1988.......| X X X X | X X X X | X X X X | X X X X | 34,100 | 28,393 | 25,499 | 15,105
| 2. 1989.......| X X X X | X X X X | X X X X | X X X X | X X X X | 24,435 | 26,489 | 25,917
| 3. 1990.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 26,318 | 27,156
| 4. 1991.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 36,977
| 5. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
| 6. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
--------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------
| 1 | Development** |
| --------------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
| | | | | |
|-------------------|-------------| -------------|-------------|-------------|
| 1. 1988....... | 14,671 | 15,673 | 1,002 | 568 |
| 2. 1989....... | 25,756 | 19,376 | (6,380)| (6,541)|
| 3. 1990....... | 26,452 | 15,630 | (10,822)| (11,526)|
| 4. 1991....... | 30,203 | 14,467 | (15,736)| (22,510)|
| 5. 1992....... | 30,035 | 25,947 | (4,088)| X X X X |
| 6. 1993....... | X X X X | 39,518 | X X X X | X X X X |
-------------------------------------------------|-------------|-------------|
7. Totals | (36,024)| (40,009)|
---------------------------
SCHEDULE P - PART 2O - REINSURANCE B
--------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|----------
| | | | | | | | |
| 1. 1988.......| X X X X | X X X X | X X X X | X X X X | 21,132 | 18,019 | 15,891 | 8,671
| 2. 1989.......| X X X X | X X X X | X X X X | X X X X | X X X X | 20,774 | 20,740 | 19,070
| 3. 1990.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 11,804 | 12,076
| 4. 1991.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 13,076
| 5. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
| 6. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
--------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------
| 1 | Development** |
| --------------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
| | | | | |
|--------------------|-------------|---------------|-------------|-------------|
| 1. 1988....... | 8,506 | 9,222 | 716 | 551 |
| 2. 1989....... | 19,009 | 17,682 | (1,327)| (1,388)|
| 3. 1990....... | 12,087 | 9,180 | (2,907)| (2,896)|
| 4. 1991....... | 12,136 | 6,998 | (5,138)| (6,078)|
| 5. 1992....... | 24,264 | 21,065 | (3,199)| X X X X |
| 6. 1993....... | X X X X | 12,666 | X X X X | X X X X |
--------------------------------------------------|-------------|-------------|
7. Totals | (11,855)| (9,811)|
---------------------------
SCHEDULE P - PART 2P - REINSURANCE C
--------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|----------
| | | | | | | | |
| 1. 1988.......| X X X X | X X X X | X X X X | X X X X | 0 | 200 | 200 | 200
| 2. 1989.......| X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 | 0
| 3. 1990.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0
| 4. 1991.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0
| 5. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
| 6. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
--------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------
| 1 | Development** |
| ------------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
| | | | | |
- ------------------|-------------|---------------|-------------|-------------|
| | | | | |
| 1. 1988.......| 200 | 401 | 201 | 201 |
| 2. 1989.......| 0 | 0 | 0 | 0 |
| 3. 1990.......| 0 | 0 | 0 | 0 |
| 4. 1991.......| 0 | 0 | 0 | 0 |
| 5. 1992.......| 0 | 0 | 0 | X X X X |
| 6. 1993.......| X X X X | 0 | X X X X | X X X X |
| ----------------------------------------------|-------------|-------------|
7. Totals | 201 | 201 |
---------------------------
SCHEDULE P - PART 2Q - REINSURANCE D
--------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|----------
| | | | | | | | |
| 1. Prior .....| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 2. 1984.......| 1,263 | 6,211 | 2,690 | 2,731 | 2,886 | 2,885 | 2,942 | 2,958
| 3. 1985.......| X X X X | 10,843 | 21,295 | 18,969 | 18,942 | 18,927 | 19,225 | 19,028
| 4. 1986.......| X X X X | X X X X | 29,813 | 31,455 | 30,817 | 30,500 | 30,668 | 29,981
| 5. 1987.......| X X X X | X X X X | X X X X | 39,253 | 36,884 | 36,116 | 36,095 | 33,673
--------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------
| 1 | Development** |
| ------------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
| | | | | |
|------------------ ------------|---------------|-------------|-------------|
| 1. Prior .....| 0 | 0 | 0 | 0 |
| 2. 1984.......| 2,903 | 2,901 | (2)| (57)|
| 3. 1985.......| 18,879 | 18,478 | (401)| (550)|
| 4. 1986.......| 30,341 | 29,586 | (755)| (395)|
| 5. 1987.......| 33,196 | 33,746 | 550 | 73 |
----------------------------------------------|-------------|-------------|
6. Totals | (608)| (929)|
---------------------------
SCHEDULE P - PART 2R - SECTION 1 - PRODUCTS LIABILITY - OCCURRENCE
--------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|----------
| | | | | | | | |
| 1. Prior .....| 44,344 * | 54,886 | 59,940 | 77,036 | 95,182 | 102,386 | 115,163 | 128,804
| 2. 1984.......| 12,221 | 14,711 | 20,545 | 22,399 | 22,245 | 24,344 | 26,259 | 27,016
| 3. 1985.......| X X X X | 15,377 | 15,189 | 20,479 | 24,209 | 25,549 | 27,820 | 28,070
| 4. 1986.......| X X X X | X X X X | 38,882 | 30,746 | 31,467 | 26,974 | 25,628 | 27,465
| 5. 1987.......| X X X X | X X X X | X X X X | 31,769 | 30,772 | 32,980 | 34,006 | 29,612
| 6. 1988.......| X X X X | X X X X | X X X X | X X X X | 21,475 | 22,525 | 28,761 | 18,114
| 7. 1989.......| X X X X | X X X X | X X X X | X X X X | X X X X | 18,447 | 19,272 | 14,518
| 8. 1990.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 13,429 | 11,459
| 9. 1991.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 10,317
| 10. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
| 11. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
--------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------
| 1 | | Development** |
| |------------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
| | | | | |
|-----------------------------------------------------------------------------|
| 1. Prior .... | 133,442 | 144,341 | 10,899 | 15,537 |
| 2. 1984...... | 28,162 | 30,070 | 1,908 | 3,054 |
| 3. 1985...... | 27,131 | 28,501 | 1,370 | 431 |
| 4. 1986...... | 26,830 | 30,128 | 3,298 | 2,663 |
| 5. 1987...... | 28,674 | 32,160 | 3,486 | 2,548 |
| 6. 1988...... | 19,826 | 23,523 | 3,697 | 5,409 |
| 7. 1989...... | 14,585 | 16,861 | 2,276 | 2,343 |
| 8. 1990...... | 11,088 | 11,645 | 557 | 186 |
| 9. 1991...... | 11,241 | 12,329 | 1,088 | 2,012 |
| 10. 1992...... | 7,732 | 6,729 | (1,003)| X X X X |
| 11. 1993...... | X X X X | 7,244 | X X X X | X X X X |
---------------------------------|---------------|-------------|-------------|
12. Totals | 27,576 | 34,183 |
---------------------------
SCHEDULE P - PART 2R - SECTION 2 - PRODUCTS LIABILITY - CLAIMS-MADE
--------------------------------------------------------------------------------------------------------------------------------
| 1 | Incurred Losses and Allocated Expenses Reported at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991
| Incurred | | | | | | | |
| | | | | | | | |
|-----------------|---------------|-------------|-------------|-------------|-------------|-------------|-------------|----------
| | | | | | | | |
| 1. Prior .....| 0 * | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 2. 1984.......| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 3. 1985.......| X X X X | 0 | 0 | 0 | 0 | 0 | 0 | 0
| 4. 1986.......| X X X X | X X X X | 0 | 0 | 0 | 0 | 0 | 0
| 5. 1987.......| X X X X | X X X X | X X X X | 0 | 0 | 0 | 0 | 0
| 6. 1988.......| X X X X | X X X X | X X X X | X X X X | 7 | 12 | 13 | 13
| 7. 1989.......| X X X X | X X X X | X X X X | X X X X | X X X X | 1 | 12 | 18
| 8. 1990.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 120 | 239
| 9. 1991.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 208
| 10. 1992.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
| 11. 1993.......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X
-------------------------------------------------------------------------------------------------------------------------------
*Reported reserves only. Subsequent development relates only to subsequent
payments and reserves.
**Current year less first or second prior year, showing (redundant) or
adverse.
<FN>
- ------------------------------------------------------------------------------
| 1 | | Development** |
| | ----------------------------|---------------------------|
| Years in Which | 10 | 11 | 12 | 13 |
| Losses Were | 1992 | 1993 | One Year | Two Year |
| Incurred | | | | |
|------------------|-------------|---------------|-------------|-------------|
| | | | | |
| 1. Prior .... | 0 | 0 | 0 | 0 |
| 2. 1984...... | 0 | 0 | 0 | 0 |
| 3. 1985...... | 0 | 0 | 0 | 0 |
| 4. 1986...... | 0 | 3 | 3 | 3 |
| 5. 1987...... | 0 | 0 | 0 | 0 |
| 6. 1988...... | 13 | 13 | 0 | 0 |
| 7. 1989...... | 18 | 20 | 2 | 2 |
| 8. 1990...... | 340 | 426 | 86 | 187 |
| 9. 1991...... | 164 | 184 | 20 | (24)|
| 10. 1992...... | 91 | 379 | 288 | X X X X |
| 11. 1993...... | X X X X | 870 | X X X X | X X X X |
------------------------------------------------|-------------|-------------|
12. Totals | 399 | 168 |
---------------------------
Page 85
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 3A - HOMEOWNERS/FARMOWNERS
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 6,804 | 12,096 | 16,242 | 17,348 | 17,567 | 18,156 |
| 2. 1984.........| 89,116 | 119,429 | 123,827 | 127,083 | 128,807 | 129,777 | 130,046 |
| 3. 1985.........| X X X X | 115,057 | 151,486 | 156,034 | 159,189 | 161,415 | 162,308 |
| 4. 1986.........| X X X X | X X X X | 92,590 | 123,363 | 129,682 | 133,986 | 135,731 |
| 5. 1987.........| X X X X | X X X X | X X X X | 81,167 | 110,930 | 116,296 | 119,779 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 82,160 | 113,632 | 117,560 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 99,281 | 139,429 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 93,167 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
| 1 | 12 | 13 |
| -----------------------------------------| Number of | Number of |
| Years in Which | | | | Claims | Claims |
| Losses Were | 9 | 10 | 11 | Closed | Closed |
| Incurred | 1991 | 1992 | 1993 | With Loss | Without |
| | | | | Payment |Loss Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 18,632 | 18,725 | 18,992 | 1,164 | 670 |
| 2. 1984.........| 130,202 | 130,248 | 130,337 | 56,634 | 13,373 |
| 3. 1985.........| 163,243 | 163,510 | 163,780 | 68,941 | 15,733 |
| 4. 1986.........| 137,420 | 138,265 | 138,720 | 53,622 | 13,772 |
| 5. 1987.........| 121,830 | 123,370 | 124,308 | 48,547 | 13,946 |
| 6. 1988.........| 121,324 | 122,770 | 124,064 | 45,330 | 13,784 |
| 7. 1989.........| 144,266 | 147,076 | 149,106 | 57,974 | 16,963 |
| 8. 1990.........| 127,235 | 132,665 | 135,782 | 50,527 | 16,039 |
| 9. 1991.........| 113,582 | 151,510 | 157,213 | 56,001 | 17,947 |
| 10. 1992.........| X X X X | 126,000 | 167,477 | 48,067 | 15,973 |
| 11. 1993.........| X X X X | X X X X | 74,300 | 34,642 | 12,334 |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3B - PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 65,939 | 104,802 | 122,628 | 135,531 | 145,142 | 147,389 |
| 2. 1984.........| 98,299 | 195,966 | 245,346 | 267,362 | 282,144 | 292,515 | 297,168 |
| 3. 1985.........| X X X X | 103,218 | 214,911 | 267,415 | 296,891 | 317,114 | 325,175 |
| 4. 1986.........| X X X X | X X X X | 105,317 | 207,471 | 258,603 | 289,164 | 306,025 |
| 5. 1987.........| X X X X | X X X X | X X X X | 102,959 | 198,718 | 248,056 | 278,173 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 96,163 | 195,472 | 245,103 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 97,508 | 206,044 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 100,690 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------
| 1 | 12 | 13 |
| -----------------------------------------| Number of | Number of |
| Years in Which | | | | Claims | Claims |
| Losses Were | 9 | 10 | 11 | Closed | Closed |
| Incurred | 1991 | 1992 | 1993 | With Loss | Without |
| | | | | Payment |Loss Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 149,341 | 151,516 | 153,837 | 9,687 | 3,914 |
| 2. 1984.........| 301,359 | 302,044 | 303,171 | 111,390 | 43,962 |
| 3. 1985.........| 328,339 | 329,622 | 330,070 | 114,135 | 43,848 |
| 4. 1986.........| 314,030 | 316,518 | 318,243 | 106,210 | 41,260 |
| 5. 1987.........| 292,406 | 296,871 | 302,413 | 96,165 | 37,248 |
| 6. 1988.........| 274,391 | 285,653 | 291,860 | 91,030 | 34,868 |
| 7. 1989.........| 258,100 | 284,531 | 298,685 | 88,687 | 33,776 |
| 8. 1990.........| 207,436 | 246,934 | 277,729 | 82,604 | 30,830 |
| 9. 1991.........| 103,524 | 208,156 | 267,329 | 71,799 | 28,345 |
| 10. 1992.........| X X X X | 77,150 | 156,696 | 53,071 | 22,005 |
| 11. 1993.........| X X X X | X X X X | 72,022 | 30,910 | 12,837 |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3C - COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 90,529 | 139,862 | 168,829 | 184,202 | 190,581 | 193,195 |
| 2. 1984.........| 56,233 | 126,832 | 182,183 | 218,648 | 239,956 | 253,266 | 259,209 |
| 3. 1985.........| X X X X | 67,128 | 161,406 | 228,393 | 267,725 | 296,309 | 313,989 |
| 4. 1986.........| X X X X | X X X X | 66,520 | 148,007 | 214,438 | 255,656 | 283,055 |
| 5. 1987.........| X X X X | X X X X | X X X X | 61,095 | 145,291 | 203,988 | 245,594 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 60,080 | 139,053 | 201,965 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 51,868 | 127,921 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 51,439 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------
| 1 | 12 | 13 |
| -----------------------------------------| Number of | Number of |
| Years in Which | | | | Claims | Claims |
| Losses Were | 9 | 10 | 11 | Closed | Closed |
| Incurred | 1991 | 1992 | 1993 | With Loss | Without |
| | | | | Payment |Loss Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 195,387 | 199,369 | 200,698 | 5,657 | 3,005 |
| 2. 1984.........| 261,678 | 262,729 | 263,059 | 61,814 | 24,119 |
| 3. 1985.........| 322,448 | 328,062 | 330,234 | 66,457 | 26,318 |
| 4. 1986.........| 294,455 | 301,794 | 304,786 | 56,703 | 23,017 |
| 5. 1987.........| 274,061 | 285,955 | 292,793 | 52,026 | 21,700 |
| 6. 1988.........| 243,146 | 260,397 | 268,986 | 47,228 | 19,353 |
| 7. 1989.........| 193,076 | 229,864 | 248,073 | 43,617 | 17,327 |
| 8. 1990.........| 132,153 | 177,937 | 211,206 | 39,185 | 16,378 |
| 9. 1991.........| 43,431 | 104,451 | 150,229 | 30,893 | 14,166 |
| 10. 1992.........| X X X X | 31,098 | 72,856 | 24,911 | 12,093 |
| 11. 1993.........| X X X X | X X X X | 25,501 | 15,256 | 7,781 |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3D - WORKERS' COMPENSATION
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 142,530 | 250,985 | 353,173 | 420,767 | 473,689 | 524,696 |
| 2. 1984.........| 113,619 | 232,500 | 297,440 | 340,126 | 370,363 | 390,235 | 406,336 |
| 3. 1985.........| X X X X | 125,317 | 272,341 | 352,953 | 405,406 | 438,237 | 463,028 |
| 4. 1986.........| X X X X | X X X X | 129,275 | 256,810 | 336,848 | 385,302 | 419,084 |
| 5. 1987.........| X X X X | X X X X | X X X X | 127,476 | 262,831 | 330,325 | 378,370 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 132,278 | 279,538 | 367,993 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 132,318 | 307,603 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 131,068 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------
| 1 | 12 | 13 |
| -----------------------------------------| Number of | Number of |
| Years in Which | | | | Claims | Claims |
| Losses Were | 9 | 10 | 11 | Closed | Closed |
| Incurred | 1991 | 1992 | 1993 | With Loss | Without |
| | | | | Payment |Loss Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 572,931 | 609,356 | 650,207 | 19,169 | 3,359 |
| 2. 1984.........| 418,441 | 429,251 | 436,036 | 43,407 | 3,439 |
| 3. 1985.........| 482,893 | 497,067 | 510,948 | 46,853 | 4,199 |
| 4. 1986.........| 444,813 | 461,871 | 470,818 | 42,575 | 3,990 |
| 5. 1987.........| 419,643 | 440,887 | 453,900 | 39,210 | 3,918 |
| 6. 1988.........| 424,742 | 461,087 | 481,115 | 41,819 | 4,168 |
| 7. 1989.........| 412,167 | 471,076 | 511,904 | 43,307 | 4,675 |
| 8. 1990.........| 279,877 | 365,754 | 420,467 | 39,674 | 4,338 |
| 9. 1991.........| 102,910 | 208,085 | 270,790 | 32,837 | 4,266 |
| 10. 1992.........| X X X X | 66,055 | 137,483 | 22,511 | 3,898 |
| 11. 1993.........| X X X X | X X X X | 30,004 | 8,154 | 1,677 |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3E - COMMERCIAL MULTIPLE PERIL
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 35,285 | 62,251 | 84,215 | 100,397 | 109,495 | 125,402 |
| 2. 1984.........| 64,563 | 98,421 | 114,389 | 129,425 | 141,074 | 149,193 | 154,129 |
| 3. 1985.........| X X X X | 71,158 | 110,772 | 129,654 | 149,909 | 166,634 | 177,366 |
| 4. 1986.........| X X X X | X X X X | 64,384 | 98,950 | 119,499 | 136,584 | 148,644 |
| 5. 1987.........| X X X X | X X X X | X X X X | 53,661 | 89,211 | 107,156 | 123,977 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 76,340 | 144,648 | 174,450 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 107,105 | 191,421 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 118,896 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
Note: Net of salvage and subrogation received.
<FN>
-------------------------------------------------------------------------------------------
| 1 | 12 | 13 |
| -----------------------------------------| Number of | Number of |
| Years in Which | | | | Claims | Claims |
| Losses Were | 9 | 10 | 11 | Closed | Closed |
| Incurred | 1991 | 1992 | 1993 | With Loss | Without |
| | | | | Payment |Loss Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 129,142 | 131,656 | 135,081 | 3,679 | 5,030 |
| 2. 1984.........| 156,903 | 160,038 | 161,279 | 29,722 | 12,000 |
| 3. 1985.........| 186,848 | 191,821 | 195,076 | 31,696 | 13,404 |
| 4. 1986.........| 158,824 | 170,923 | 175,284 | 24,656 | 12,236 |
| 5. 1987.........| 156,006 | 172,963 | 177,270 | 21,659 | 11,970 |
| 6. 1988.........| 214,079 | 243,297 | 263,206 | 37,726 | 21,040 |
| 7. 1989.........| 249,666 | 292,770 | 326,053 | 50,524 | 27,466 |
| 8. 1990.........| 204,136 | 255,940 | 302,906 | 47,949 | 28,231 |
| 9. 1991.........| 114,986 | 180,550 | 229,123 | 43,755 | 27,247 |
| 10. 1992.........| X X X X | 102,008 | 180,206 | 38,218 | 24,768 |
| 11. 1993.........| X X X X | X X X X | 110,882 | 30,353 | 19,931 |
------------------------------------------------------------------------------------------
Page 86
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 3F - SECTION 1 - MEDICAL MALPRACTICE - OCCURRENCE
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 15,024 | 29,302 | 39,911 | 47,495 | 53,354 | 58,668 |
| 2. 1984.........| 42 | 603 | 2,999 | 4,668 | 7,227 | 8,717 | 9,303 |
| 3. 1985.........| X X X X | 146 | 465 | 1,118 | 2,271 | 3,027 | 3,374 |
| 4. 1986.........| X X X X | X X X X | 7 | 6 | 7 | 8 | 4 |
| 5. 1987.........| X X X X | X X X X | X X X X | 7 | 7 | 11 | 17 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 0 | 0 | 4 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 8 | 7 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
| 1 | 12 | 13 |
| -----------------------------------------| Number of | Number of |
| Years in Which | | | | Claims | Claims |
| Losses Were | 9 | 10 | 11 | Closed | Closed |
| Incurred | 1991 | 1992 | 1993 | With Loss |Without Loss |
| | | | | Payment | Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 60,266 | 62,668 | 64,077 | 677 | 947 |
| 2. 1984.........| 8,737 | 9,358 | 9,306 | 192 | 517 |
| 3. 1985.........| 3,871 | 3,969 | 4,538 | 111 | 192 |
| 4. 1986.........| 4 | 4 | 4 | 1 | 1 |
| 5. 1987.........| 17 | 17 | 17 | 2 | 3 |
| 6. 1988.........| 38 | 43 | 43 | 2 | 2 |
| 7. 1989.........| 24 | 24 | 24 | 2 | 2 |
| 8. 1990.........| 0 | 19 | 358 | 1 | 3 |
| 9. 1991.........| 0 | 0 | 35 | 1 | 0 |
| 10. 1992.........| X X X X | 0 | 0 | 0 | 0 |
| 11. 1993.........| X X X X | X X X X | 0 | 0 | 1 |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3F - SECTION 2 - MEDICAL MALPRACTICE - CLAIMS-MADE
- ------------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted) |
| |-------------------------------------------------------------------------------------------------|
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984.........| 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985.........| X X X X | 0 | 0 | 662 | 1,018 | 1,037 | 1,037 |
| 4. 1986.........| X X X X | X X X X | 0 | 10 | 16 | 32 | 32 |
| 5. 1987.........| X X X X | X X X X | X X X X | 0 | 0 | 0 | 24 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 0 | 1 | 101 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 1 | 9 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 1 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------
| 1 | 12 | 13 ||
| -----------------------------------------| Number of | Number of ||
| Years in Which | | | | Claims | Claims ||
| Losses Were | 9 | 10 | 11 | Closed | Closed ||
| Incurred | 1991 | 1992 | 1993 | With Loss |Without Loss ||
| | | | | Payment | Payment ||
|------------------- |-------------|-------------|-------------|-------------|-------------||
| | | | | | ||
| 1. Prior .......| 0 | 0 | 0 | 0 | 0 ||
| 2. 1984.........| 0 | 0 | 0 | 0 | 0 ||
| 3. 1985.........| 945 | 945 | 945 | 0 | 0 ||
| 4. 1986.........| 32 | 32 | 32 | 0 | 0 ||
| 5. 1987.........| 24 | 24 | 24 | 0 | 0 ||
| 6. 1988.........| 117 | 120 | 141 | 0 | 0 ||
| 7. 1989.........| 25 | 240 | 255 | 0 | 0 ||
| 8. 1990.........| 10 | 99 | 266 | 0 | 0 ||
| 9. 1991.........| 0 | 4 | 9 | 0 | 0 ||
| 10. 1992.........| X X X X | 0 | 3 | 0 | 0 ||
| 11. 1993.........| X X X X | X X X X | 0 | 0 | 0 ||
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3G - SPECIAL LIABILITY (OCEAN MARINE, AIRCRAFT
(ALL PERILS), BOILER AND MACHINERY)
- ------------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted) |
| |-------------------------------------------------------------------------------------------------|
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 2,200 | 4,449 | 5,842 | 6,581 | 7,221 | 7,453 |
| 2. 1984.........| 9,233 | 12,800 | 13,717 | 14,160 | 14,339 | 14,730 | 14,777 |
| 3. 1985.........| X X X X | 8,762 | 14,339 | 16,267 | 17,244 | 18,178 | 18,680 |
| 4. 1986.........| X X X X | X X X X | 13,767 | 20,949 | 24,613 | 27,333 | 29,370 |
| 5. 1987.........| X X X X | X X X X | X X X X | 9,533 | 17,862 | 24,502 | 26,695 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 9,231 | 16,454 | 19,180 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 11,402 | 16,737 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 7,945 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
- --------------------- ----------------------------------------------------------------------
| 1 | | 12 | 13 |
| |-----------------------------------------| Number of | Number of |
| Years in Which | | | | Claims | Claims |
| Losses Were | 9 | 10 | 11 | Closed | Closed |
| Incurred | 1991 | 1992 | 1993 | With Loss |Without Loss |
| | | | | Payment | Payment |
|------------------- |-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 7,532 | 7,688 | 7,996 | X X X X | X X X X |
| 2. 1984.........| 14,821 | 14,909 | 14,912 | X X X X | X X X X |
| 3. 1985.........| 19,100 | 19,025 | 19,068 | X X X X | X X X X |
| 4. 1986.........| 29,415 | 29,450 | 29,187 | X X X X | X X X X |
| 5. 1987.........| 27,769 | 28,522 | 28,827 | X X X X | X X X X |
| 6. 1988.........| 20,912 | 22,588 | 23,225 | X X X X | X X X X |
| 7. 1989.........| 19,342 | 21,705 | 22,545 | X X X X | X X X X |
| 8. 1990.........| 14,633 | 16,945 | 18,666 | X X X X | X X X X |
| 9. 1991.........| 9,730 | 15,533 | 17,363 | X X X X | X X X X |
| 10. 1992.........| X X X X | 5,677 | 8,448 | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | 5,338 | X X X X | X X X X |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3H - SECTION 1 - OTHER LIABILITY - OCCURRENCE
- ------------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted) |
| |-------------------------------------------------------------------------------------------------|
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 117,828 | 220,405 | 307,210 | 370,275 | 431,506 | 478,211 |
| 2. 1984.........| 16,591 | 41,121 | 68,519 | 96,906 | 120,553 | 146,912 | 158,239 |
| 3. 1985.........| X X X X | 17,555 | 47,982 | 88,943 | 124,960 | 153,560 | 176,920 |
| 4. 1986.........| X X X X | X X X X | 18,393 | 45,614 | 82,671 | 120,553 | 150,472 |
| 5. 1987.........| X X X X | X X X X | X X X X | 21,818 | 52,420 | 87,499 | 122,123 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 10,761 | 27,514 | 48,724 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 8,733 | 21,122 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 11,619 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
- --------------------- ----------------------------------------------------------------------
| 1 | | 12 | 13 |
| |-----------------------------------------| Number of | Number of |
| Years in Which | | | | Claims | Claims |
| Losses Were | 9 | 10 | 11 | Closed | Closed |
| Incurred | 1991 | 1992 | 1993 | With Loss |Without Loss |
| | | | | Payment | Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 505,896 | 535,285 | 572,654 | 9,075 | 14,011 |
| 2. 1984.........| 167,366 | 173,558 | 178,268 | 25,721 | 13,612 |
| 3. 1985.........| 192,605 | 197,272 | 206,127 | 24,896 | 14,826 |
| 4. 1986.........| 172,690 | 185,334 | 195,092 | 19,607 | 12,343 |
| 5. 1987.........| 157,422 | 173,081 | 190,522 | 16,643 | 11,535 |
| 6. 1988.........| 72,687 | 102,251 | 114,779 | 12,952 | 8,165 |
| 7. 1989.........| 36,345 | 52,958 | 65,520 | 8,305 | 6,058 |
| 8. 1990.........| 25,544 | 48,198 | 65,946 | 8,065 | 6,971 |
| 9. 1991.........| 5,929 | 15,617 | 27,507 | 5,542 | 4,747 |
| 10. 1992.........| X X X X | 3,682 | 8,472 | 2,788 | 2,701 |
| 11. 1993.........| X X X X | X X X X | 3,122 | 1,403 | 1,236 |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3H - SECTION 2 - OTHER LIABILITY - CLAIMS-MADE
- ------------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted) |
| |-------------------------------------------------------------------------------------------------|
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984.........| 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985.........| X X X X | 0 | 0 | 29 | 40 | 58 | 72 |
| 4. 1986.........| X X X X | X X X X | 0 | 209 | 341 | 389 | 328 |
| 5. 1987.........| X X X X | X X X X | X X X X | 0 | 0 | 0 | (6)|
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 69 | 111 | 218 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 248 | 446 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 143 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
Note: Net of salvage and subrogation received.
<FN>
- --------------------- ----------------------------------------------------------------------
| 1 | | 12 | 13 |
| |-----------------------------------------| Number of | Number of |
| Years in Which | | | | Claims | Claims |
| Losses Were | 9 | 10 | 11 | Closed | Closed |
| Incurred | 1991 | 1992 | 1993 | With Loss |Without Loss |
| | | | | Payment | Payment |
--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 0 | 0 | 0 | 0 | 0 |
| 2. 1984.........| 0 | 0 | 0 | 0 | 0 |
| 3. 1985.........| 90 | 88 | 99 | 0 | 0 |
| 4. 1986.........| 393 | 367 | 411 | 1 | 0 |
| 5. 1987.........| (6)| (6)| (6)| 0 | 2 |
| 6. 1988.........| 225 | 626 | 626 | 70 | 41 |
| 7. 1989.........| 640 | 687 | 730 | 126 | 59 |
| 8. 1990.........| 269 | 285 | 949 | 85 | 70 |
| 9. 1991.........| 159 | 234 | 301 | 70 | 83 |
| 10. 1992.........| X X X X | 88 | 854 | 59 | 67 |
| 11. 1993.........| X X X X | X X X X | 85 | 34 | 32 |
------------------------------------------------------------------------------------------
Page 87
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND ITS
AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 3I - SPECIAL PROPERTY (FIRE, ALLIED LINES,
INLAND MARINE, EARTHQUAKE, GLASS, BURGLARY
AND THEFT)
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 2. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 3. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
| 1 | 12 | 13 |
| ------------------------------------------| Number of | Number of |
| Years in Which | | | | Claims |Claims Closed|
| Losses Were | 9 | 10 | 11 | Closed With | Without |
| Incurred | 1991 | 1992 | 1993 |Loss Payment |Loss Payment |
| | | | | | |
|-------------------|--------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior ......|. 000 | 39,918 | 49,120 | X X X X | X X X X |
| 2. 1992........|. X X X X | 47,224 | 71,318 | X X X X | X X X X |
| 3. 1993........|. X X X X | X X X X | 51,154 | X X X X | X X X X |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3J - AUTO PHYSICAL DAMAGE
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 2. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 3. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------
| 1 | | 12 | 13 |
| |------------------------------------------| Number of | Number of |
| Years in Which | | | | Claims |Claims Closed|
| Losses Were | 9 | 10 | 11 | Closed With | Without |
| Incurred | 1991 | 1992 | 1993 |Loss Payment |Loss Payment |
| | | | | | |
|--------------------|----------------------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 000 | 20,750 | 22,009 | 442 | 264 |
| 2. 1992.........| X X X X | 131,558 | 148,167 | 100,524 | 24,968 |
| 3. 1993.........| X X X X | X X X X | 105,665 | 80,138 | 17,119 |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3K - FIDELITY, SURETY, FINANCIAL GUARANTY, MORTGAGE GUARANTY
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
| 1. Prior .......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 2. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 3. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------
| 1 | | 12 | 13 |
| |------------------------------------------| Number of | Number of |
| Years in Which | | | | Claims |Claims Closed|
| Losses Were | 9 | 10 | 11 |Closed With | Without |
| Incurred | 1991 | 1992 | 1993 |Loss Payment|Loss Payment |
| | | | | | |
- ---------------------|----------------------------|-------------|------------|-------------|
| | | | | | |
| 1. Prior .......| 000 | 16,673 | 31,956 | X X X X | X X X X |
| 2. 1992.........| X X X X | 2,960 | 30,157 | X X X X | X X X X |
| 3. 1993.........| X X X X | X X X X | 8,254 | X X X X | X X X X |
--------------------------------------------------------------------------------------------
SCHEDULE P - PART 3L - OTHER (INCLUDING CREDIT, ACCIDENT AND HEALTH)
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
|
| 1. Prior .......| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 2. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 3. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------
| 1 | | 12 | 13 |
| |------------------------------------------| Number of | Number of |
| Years in Which | | | | Claims |Claims Closed|
| Losses Were | 9 | 10 | 11 | Closed With | Without |
| Incurred | 1991 | 1992 | 1993 |Loss Payment |Loss Payment |
| | | | | | |
- ---------------------------------------------------------------------------------------------
| | | | |
| 1. Prior .......| 000 | 69 | 108 | X X X X | X X X X |
| 2. 1992.........| X X X X | 0 | 0 | X X X X | X X X X |
| 3. 1993.........| X X X X | X X X X | 0 | X X X X | X X X X |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3M - INTERNATIONAL
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| | | | | | | | |
- ------------------------------------------------------------------------------------------------------------------|
| 1. Prior .......| 000 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984.........| 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985.........| X X X X | 0 | 0 | 0 | 0 | 0 | 0 |
| 4. 1986.........| X X X X | X X X X | 0 | 0 | 0 | 0 | 0 |
| 5. 1987.........| X X X X | X X X X | X X X X | 0 | 0 | 0 | 0 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 4,610 | 10,615 | 12,406 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 3,850 | 8,531 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 3,585 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
Note: Net of salvage and subrogation received.
<FN>
---------------------------------------------------------------------------------------------
| 1 | | 12 | 13 |
| |------------------------------------------| Number of | Number of |
| Years in Which | | | | Claims |Claims Closed|
| Losses Were | 9 | 10 | 11 | Closed With | Without |
| Incurred | 1991 | 1992 | 1993 |Loss Payment |Loss Payment |
| |---------------------------------------------------------------------
| 1. Prior .......| 0 | 0 | 0 | X X X X | X X X X |
| 2. 1984.........| 0 | 0 | 0 | X X X X | X X X X |
| 3. 1985.........| 0 | 0 | 0 | X X X X | X X X X |
| 4. 1986.........| 0 | 0 | 0 | X X X X | X X X X |
| 5. 1987.........| 0 | 0 | 0 | X X X X | X X X X |
| 6. 1988.........| 13,164 | 13,562 | 13,619 | X X X X | X X X X |
| 7. 1989.........| 9,812 | 10,323 | 10,358 | X X X X | X X X X |
| 8. 1990.........| 8,889 | 10,293 | 10,486 | X X X X | X X X X |
| 9. 1991.........| 4,478 | 6,649 | 7,364 | X X X X | X X X X |
| 10. 1992.........| X X X X | 1,232 | 2,920 | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | 355 | X X X X | X X X X |
------------------------------------------------------------------------------------------
Page 88
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 3N - REINSURANCE A
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 Omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
|
| 1. 1988.........| X X X X | X X X X | X X X X | X X X X | 2,283 | 4,302 | 5,753 |
| 2. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 5,873 | 8,625 |
| 3. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 4,784 |
| 4. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 5. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 6. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
| 1 | 12 | 13 |
| -----------------------------------------| Number of | Number of |
| Years in Which | 9 | 10 | 11 | Claims | Claims |
| Losses Were | 1991 | 1992 | 1993 | Closed | Closed |
| Incurred | | | | With Loss |Without Loss |
| | | | | Payment | Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| 1. 1988.........| 6,950 | 9,296 | 10,510 | X X X X | X X X X |
| 2. 1989.........| 10,264 | 11,671 | 12,053 | X X X X | X X X X |
| 3. 1990.........| 6,108 | 9,592 | 9,867 | X X X X | X X X X |
| 4. 1991.........| 1,301 | 4,570 | 5,463 | X X X X | X X X X |
| 5. 1992.........| X X X X | 6,875 | 2,140 | X X X X | X X X X |
| 6. 1993.........| X X X X | X X X X | 1,083 | X X X X | X X X X |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3O - REINSURANCE B
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 Omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. 1988.........| X X X X | X X X X | X X X X | X X X X | 1,108 | 2,954 | 3,793 |
| 2. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 10,817 | 11,867 |
| 3. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 1,567 |
| 4. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 5. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 6. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------
| 1 | 12 | 13 |
| -----------------------------------------| Number of | Number of |
| Years in Which | 9 | 10 | 11 | Claims | Claims |
| Losses Were | 1991 | 1992 | 1993 | Closed | Closed |
| Incurred | | | | With Loss |Without Loss |
| | | | | Payment | Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. 1988.........| 4,770 | 5,650 | 6,476 | X X X X | X X X X |
| 2. 1989.........| 12,902 | 13,472 | 13,773 | X X X X | X X X X |
| 3. 1990.........| 2,232 | 6,826 | 7,073 | X X X X | X X X X |
| 4. 1991.........| 402 | 1,555 | 2,022 | X X X X | X X X X |
| 5. 1992.........| X X X X | 10,626 | 10,354 | X X X X | X X X X |
| 6. 1993.........| X X X X | X X X X | 485 | X X X X | X X X X |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3P - REINSURANCE C
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 Omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. 1988.........| X X X X | X X X X | X X X X | X X X X | 0 | 200 | 200 |
| 2. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 0 |
| 3. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 0 |
| 4. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 5. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 6. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------
| 1 | | 12 | 13 |
| |-----------------------------------------| Number of | Number of |
| Years in Which | 9 | 10 | 11 | Claims | Claims |
| Losses Were | 1991 | 1992 | 1993 | Closed | Closed |
| Incurred | | | | With Loss |Without Loss |
| | | | | Payment | Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. 1988.........| 200 | 200 | 401 | X X X X | X X X X |
| 2. 1989.........| 0 | 0 | 0 | X X X X | X X X X |
| 3. 1990.........| 0 | 0 | 0 | X X X X | X X X X |
| 4. 1991.........| 0 | 0 | 0 | X X X X | X X X X |
| 5. 1992.........| X X X X | 0 | 0 | X X X X | X X X X |
| 6. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3Q - REINSURANCE D
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 Omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984.........| (27,008)| (25,173)| (24,786)| (24,448)| (24,335)| (23,634)| 2,942 |
| 3. 1985.........| X X X X | 1,856 | 11,761 | 17,564 | 18,244 | 18,601 | 18,927 |
| 4. 1986.........| X X X X | X X X X | 8,482 | 20,448 | 24,661 | 26,542 | 27,789 |
| 5. 1987.........| X X X X | X X X X | X X X X | (119,003)| (150,152)| (152,812)| 27,625 |
-----------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------
| 1 | | 12 | 13 |
| |-----------------------------------------| Number of | Number of |
| Years in Which | 9 | 10 | 11 | Claims | Claims |
| Losses Were | 1991 | 1992 | 1993 | Closed | Closed |
| Incurred | | | | With Loss |Without Loss |
| | | | | Payment | Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 0 | 0 | 0 | X X X X | X X X X |
| 2. 1984.........| 2,958 | 2,903 | 2,901 | X X X X | X X X X |
| 3. 1985.........| 19,025 | 18,879 | 18,478 | X X X X | X X X X |
| 4. 1986.........| 28,421 | 29,168 | 28,682 | X X X X | X X X X |
| 5. 1987.........| 28,886 | 29,549 | 29,830 | X X X X | X X X X |
- --------------------------------------------------------------------------------------------
SCHEDULE P - PART 3R - SECTION 1 - PRODUCTS LIABILITY - OCCURRENCE
------------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 Omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 12,496 | 22,105 | 34,509 | 49,032 | 62,402 | 76,730 |
| 2. 1984.........| 944 | 2,618 | 7,065 | 11,564 | 13,654 | 18,600 | 21,284 |
| 3. 1985.........| X X X X | 692 | 2,067 | 5,349 | 10,599 | 15,704 | 20,191 |
| 4. 1986.........| X X X X | X X X X | 535 | 1,397 | 3,706 | 8,522 | 13,765 |
| 5. 1987.........| X X X X | X X X X | X X X X | 1,046 | 3,165 | 6,478 | 13,019 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 168 | 2,599 | 6,118 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 375 | 2,727 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 459 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------
| 1 | | 12 | 13 |
| |-----------------------------------------| Number of | Number of |
| Years in Which | 9 | 10 | 11 | Claims | Claims |
| Losses Were | 1991 | 1992 | 1993 | Closed | Closed |
| Incurred | | | | With Loss |Without Loss |
| | | | | Payment | Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 88,637 | 96,792 | 100,560 | 934 | 5,607 |
| 2. 1984.........| 22,971 | 24,114 | 25,233 | 800 | 623 |
| 3. 1985.........| 22,232 | 23,153 | 24,247 | 807 | 667 |
| 4. 1986.........| 18,809 | 21,089 | 24,179 | 627 | 693 |
| 5. 1987.........| 19,099 | 22,219 | 23,955 | 523 | 583 |
| 6. 1988.........| 10,643 | 12,598 | 15,102 | 420 | 410 |
| 7. 1989.........| 5,374 | 8,197 | 11,508 | 481 | 464 |
| 8. 1990.........| 1,290 | 2,326 | 4,785 | 472 | 437 |
| 9. 1991.........| 434 | 1,152 | 4,246 | 258 | 250 |
| 10. 1992.........| X X X X | 205 | 559 | 114 | 227 |
| 11. 1993.........| X X X X | X X X X | 1,218 | 87 | 55 |
------------------------------------------------------------------------------------------
SCHEDULE P - PART 3R - SECTION 2 - PRODUCTS LIABILITY - CLAIMS-MADE
-----------------------------------------------------------------------------------------------------------------------
| 1 | Cumulative Paid Losses and Allocated Expenses at Year End (000 Omitted)
| |--------------------------------------------------------------------------------------------------
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 |
| Incurred | | | | | | | |
| | | | | | | | |
|--------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | | | |
| 1. Prior .......| 000 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984.........| 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985.........| X X X X | 0 | 0 | 0 | 0 | 0 | 0 |
| 4. 1986.........| X X X X | X X X X | 0 | 0 | 0 | 0 | 0 |
| 5. 1987.........| X X X X | X X X X | X X X X | 0 | 0 | 0 | 0 |
| 6. 1988.........| X X X X | X X X X | X X X X | X X X X | 1 | 5 | 13 |
| 7. 1989.........| X X X X | X X X X | X X X X | X X X X | X X X X | 0 | 4 |
| 8. 1990.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | 20 |
| 9. 1991.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993.........| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
-----------------------------------------------------------------------------------------------------------------------
Note: Net of salvage and subrogation received.
<FN>
-------------------------------------------------------------------------------------------
| 1 | | 12 | 13 |
| |-----------------------------------------| Number of | Number of |
| Years in Which | 9 | 10 | 11 | Claims | Claims |
| Losses Were | 1991 | 1992 | 1993 | Closed | Closed |
| Incurred | | | | With Loss |Without Loss |
| | | | | Payment | Payment |
|--------------------|-------------|-------------|-------------|-------------|-------------|
| | | | | | |
| 1. Prior .......| 0 | 0 | 0 | 0 | 0 |
| 2. 1984.........| 0 | 0 | 0 | 0 | 0 |
| 3. 1985.........| 0 | 0 | 0 | 0 | 0 |
| 4. 1986.........| 0 | 0 | 0 | 0 | 0 |
| 5. 1987.........| 0 | 0 | 0 | 0 | 0 |
| 6. 1988.........| 13 | 13 | 13 | 4 | 2 |
| 7. 1989.........| 18 | 18 | 18 | 1 | 1 |
| 8. 1990.........| 170 | 291 | 426 | 5 | 3 |
| 9. 1991.........| 21 | 55 | 167 | 4 | 7 |
| 10. 1992.........| X X X X | 7 | 31 | 1 | 5 |
| 11. 1993.........| X X X X | X X X X | 20 | 0 | 2 |
------------------------------------------------------------------------------------------
Page 89
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 4A - HOMEOWNERS/FARMOWNERS
------------------------------------------------------------------------------------------------------------------------------
| 1 |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 OMITTED)
| |------------------------------------------------------------------------------------------------
| Years in Which | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 8,408 | 4,501 | 1,090 | 531 | 307 | 264 |
| 2. 1984................| 14,690 | 3,627 | 1,780 | 819 | 276 | 73 |
| 3. 1985................| X X X X | 21,677 | 3,598 | 2,218 | 1,424 | 489 |
| 4. 1986................| X X X X | X X X X | 26,818 | 8,442 | 6,075 | 3,916 |
| 5. 1987................| X X X X | X X X X | X X X X | 34,155 | 14,953 | 10,076 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 26,295 | 8,421 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 29,666 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
| 1 | |
| |---------------------------------------------------------------|
| Years in Which | | | | |
| Losses Were | 8 | 9 | 10 | 11 |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
|----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior .............|. 275 | 115 | 52 | 8 |
| 2. 1984...............|. 165 | 129 | 82 | 48 |
| 3. 1985...............|. 534 | 200 | 234 | 159 |
| 4. 1986...............|. 2,588 | 1,079 | 763 | 516 |
| 5. 1987...............|. 6,872 | 2,075 | 1,617 | 1,208 |
| 6. 1988...............|. 5,420 | 2,061 | 1,322 | 716 |
| 7. 1989...............|. 7,917 | 3,082 | 2,177 | 918 |
| 8. 1990...............|. 23,709 | 5,481 | 3,249 | 1,085 |
| 9. 1991...............|. X X X X | 23,758 | 5,380 | 2,233 |
| 10. 1992...............|. X X X X | X X X X | 21,121 | 4,065 |
| 11. 1993...............|. X X X X | X X X X | X X X X | 13,203 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4B - PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
------------------------------------------------------------------------------------------------------------------------------
| 1 |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 OMITTED)
| |------------------------------------------------------------------------------------------------
| Years in Which | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 40,853 | 23,930 | 10,084 | 4,748 | 3,474 | 1,568 |
| 2. 1984................| 68,284 | 28,845 | 14,844 | 5,790 | 3,853 | 2,381 |
| 3. 1985................| X X X X | 76,623 | 33,084 | 13,453 | 7,756 | 4,835 |
| 4. 1986................| X X X X | X X X X | 100,864 | 44,855 | 25,884 | 8,775 |
| 5. 1987................| X X X X | X X X X | X X X X | 103,612 | 47,271 | 24,394 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 95,979 | 47,928 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 111,634 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
| 1 | |
| |---------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | 1990 | 1991 | 1992 | 1993 |
| Incurred | | | | |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| 1,054 | 822 | 785 | 6,468 |
| 2. 1984................| 1,076 | 654 | 784 | 392 |
| 3. 1985................| 2,605 | 1,133 | 7,293 | 4,015 |
| 4. 1986................| 4,734 | 2,021 | 6,250 | 4,162 |
| 5. 1987................| 12,635 | 4,094 | 6,719 | 4,856 |
| 6. 1988................| 24,340 | 7,862 | 12,097 | 8,460 |
| 7. 1989................| 54,405 | 19,073 | 11,678 | 5,459 |
| 8. 1990................| 135,402 | 57,174 | 23,091 | 11,912 |
| 9. 1991................| X X X X | 153,113 | 65,878 | 28,461 |
| 10. 1992................| X X X X | X X X X | 103,343 | 48,345 |
| 11. 1993................| X X X X | X X X X | X X X X | 79,287 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4C - COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
------------------------------------------------------------------------------------------------------------------------------
| 1 |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 OMITTED)
| |------------------------------------------------------------------------------------------------
| Years in Which | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
- ----------------------------------------------------------------------------------------------|--------------|---------------|
| 1. Prior ........... | 59,301 | 47,117 | 20,750 | 4,324 | 3,432 | 2,698 |
| 2. 1984...............| 84,676 | 53,041 | 26,692 | 11,429 | 4,044 | 3,198 |
| 3. 1985...............| X X X X | 113,446 | 60,304 | 27,174 | 10,184 | 6,271 |
| 4. 1986...............| X X X X | X X X X | 202,473 | 112,979 | 51,470 | 15,808 |
| 5. 1987...............| X X X X | X X X X | X X X X | 248,615 | 133,340 | 59,272 |
| 6. 1988...............| X X X X | X X X X | X X X X | X X X X | 149,682 | 82,498 |
| 7. 1989...............| X X X X | X X X X | X X X X | X X X X | X X X X | 178,608 |
| 8. 1990...............| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991...............| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992...............| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993...............| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
| 1 | |
| |---------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | 1990 | 1991 | 1992 | 1993 |
| Incurred | | | | |
--------------------------------------------|---------------|---------------|---------------|
| 1. Prior ........... | 1,914 | 3,598 | 3,269 | 2,001 |
| 2. 1984...............| 1,586 | 1,485 | 1,731 | 1,865 |
| 3. 1985...............| 3,557 | 2,446 | 2,725 | 2,960 |
| 4. 1986...............| 21,272 | 4,655 | 3,884 | 3,241 |
| 5. 1987...............| 29,793 | 9,555 | 6,531 | 7,344 |
| 6. 1988...............| 51,411 | 15,394 | 8,560 | 5,279 |
| 7. 1989...............| 70,725 | 39,054 | 23,430 | 11,156 |
| 8. 1990...............| 152,903 | 89,729 | 45,468 | 18,673 |
| 9. 1991...............| X X X X | 150,745 | 82,270 | 37,108 |
| 10. 1992...............| X X X X | X X X X | 117,172 | 51,518 |
| 11. 1993...............| X X X X | X X X X | X X X X | 80,775 |
--------------------------------------------------------------------------------------------
SCHEDULE P - PART 4D - WORKERS' COMPENSATION
------------------------------------------------------------------------------------------------------------------------------
| 1 |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 OMITTED)
| |------------------------------------------------------------------------------------------------
| Years in Which | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
|---------------------------------------------------------------------------------------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 137,202 | 86,094 | 41,049 | 28,509 | 24,853 | 42,879 |
| 2. 1984................| 138,587 | 75,358 | 38,284 | 16,841 | 11,316 | 11,511 |
| 3. 1985................| X X X X | 190,788 | 88,806 | 31,769 | 19,387 | 19,052 |
| 4. 1986................| X X X X | X X X X | 256,925 | 146,642 | 72,609 | 45,722 |
| 5. 1987................| X X X X | X X X X | X X X X | 225,586 | 100,780 | 54,322 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 217,855 | 95,573 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 240,622 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
| 1 | |
| |---------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | 1990 | 1991 | 1992 | 1993 |
| Incurred | | | | |
| | | | | |
|---------------------------------------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| 48,345 | 71,429 | 89,513 | 127,475 |
| 2. 1984................| 14,574 | 18,760 | 23,503 | 31,073 |
| 3. 1985................| 23,741 | 29,136 | 33,745 | 51,253 |
| 4. 1986................| 28,594 | 30,038 | 28,176 | 52,740 |
| 5. 1987................| 50,283 | 39,361 | 34,549 | 61,164 |
| 6. 1988................| 79,054 | 54,422 | 46,533 | 60,793 |
| 7. 1989................| 124,810 | 116,610 | 81,195 | 91,398 |
| 8. 1990................| 258,997 | 128,726 | 100,789 | 99,092 |
| 9. 1991................| X X X X | 167,039 | 142,657 | 84,057 |
| 10. 1992................| X X X X | X X X X | 109,895 | 66,943 |
| 11. 1993................| X X X X | X X X X | X X X X | 67,534 |
- ----------------------------------------------------------------------------------------------
SCHEDULE P - PART 4E - COMMERCIAL MULTIPLE PERIL
------------------------------------------------------------------------------------------------------------------------------
| 1 |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 OMITTED)
| |------------------------------------------------------------------------------------------------
| Years in Which | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
|---------------------------------------------------------------------------------------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 42,870 | 26,354 | 20,390 | 15,671 | 11,295 | 8,768 |
| 2. 1984................| 38,390 | 23,862 | 18,284 | 10,922 | 8,617 | 6,842 |
| 3. 1985................| X X X X | 59,058 | 33,833 | 20,461 | 14,944 | 12,074 |
| 4. 1986................| X X X X | X X X X | 70,183 | 33,146 | 21,992 | 18,627 |
| 5. 1987................| X X X X | X X X X | X X X X | 79,374 | 34,475 | 27,072 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 181,058 | 117,500 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 272,787 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
| 1 | |
| |---------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | 1990 | 1991 | 1992 | 1993 |
| Incurred | | | | |
| | | | | |
|---------------------------------------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| 6,818 | 6,846 | 4,331 | 5,982 |
| 2. 1984................| 4,807 | 5,022 | 2,872 | 2,417 |
| 3. 1985................| 8,356 | 6,673 | 4,514 | 3,309 |
| 4. 1986................| 13,659 | 10,074 | 6,226 | 4,622 |
| 5. 1987................| 42,558 | 8,503 | 12,476 | 10,554 |
| 6. 1988................| 83,612 | 47,275 | 42,361 | 29,455 |
| 7. 1989................| 184,073 | 117,913 | 70,317 | 57,597 |
| 8. 1990................| 240,641 | 194,651 | 139,082 | 91,692 |
| 9. 1991................| X X X X | 234,305 | 176,395 | 123,218 |
| 10. 1992................| X X X X | X X X X | 225,071 | 146,435 |
| 11. 1993................| X X X X | X X X X | X X X X | 181,370 |
----------------------------------------------------------------------------------------------
Page 90
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 4F - SECTION 1 - MEDICAL MALPRACTICE - OCCURRENCE
------------------------------------------------------------------------------------------------------------------------------
| 1 |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR-END
| |(000 omitted)
| |------------------------------------------------------------------------------------------------
| Years in Which | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 26,512 | 21,939 | 12,255 | 7,399 | 6,807 | 4,825 |
| 2. 1984................| 9,269 | 6,853 | 5,085 | 3,864 | 4,478 | 3,429 |
| 3. 1985................| X X X X | 9,518 | 9,830 | 5,261 | 1,978 | 1,853 |
| 4. 1986................| X X X X | X X X X | 68 | (4)| 0 | 1 |
| 5. 1987................| X X X X | X X X X | X X X X | 0 | 96 | 1 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 165 | 4 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 2 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
| 1 |
| ----------------------------------------------------------------|
| Years in Which | | | | |
| Losses Were | 8 | 9 | 10 | 11 |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| 4,995 | 3,133 | 1,610 | 4,848 |
| 2. 1984................| 2,997 | 1,630 | 1,254 | 866 |
| 3. 1985................| 1,491 | 944 | 730 | 519 |
| 4. 1986................| 0 | 0 | 0 | 0 |
| 5. 1987................| 0 | 0 | 0 | 0 |
| 6. 1988................| 9 | 0 | 0 | 0 |
| 7. 1989................| 4 | 0 | 0 | 0 |
| 8. 1990................| 5 | 0 | 88 | 0 |
| 9. 1991................| X X X X | 3 | 0 | 0 |
| 10. 1992................| X X X X | X X X X | 0 | 0 |
| 11. 1993................| X X X X | X X X X | X X X X | 0 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4F - SECTION 2 - MEDICAL MALPRACTICE - CLAIMS-MADE
------------------------------------------------------------------------------------------------------------------------------
| 1 |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR-END
| |(000 omitted)
| |------------------------------------------------------------------------------------------------
| Years in Which | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984................| 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985................| X X X X | 0 | 0 | 134 | 1 | 0 |
| 4. 1986................| X X X X | X X X X | 0 | 4 | 4 | 0 |
| 5. 1987................| X X X X | X X X X | X X X X | 0 | 0 | 94 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 0 | 163 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 161 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| 1 |
| |
| ----------------------------------------------------------------|
| Years in Which | | | | |
| Losses Were | 8 | 9 | 10 | 11 |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| 0 | 0 | 0 | 0 |
| 2. 1984................| 0 | 0 | 0 | 0 |
| 3. 1985................| 0 | 0 | 0 | 0 |
| 4. 1986................| 0 | 0 | 0 | 0 |
| 5. 1987................| 88 | 64 | 55 | 24 |
| 6. 1988................| 280 | 0 | 0 | 0 |
| 7. 1989................| 129 | 0 | 0 | 0 |
| 8. 1990................| 73 | 30 | 0 | 0 |
| 9. 1991................| X X X X | 212 | 200 | 97 |
| 10. 1992................| X X X X | X X X X | 177 | 135 |
| 11. 1993................| X X X X | X X X X | X X X X | 40 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4G - SPECIAL LIABILITY (OCEAN MARINE, AIRCRAFT
(ALL PERILS), BOILER AND MACHINERY)
------------------------------------------------------------------------------------------------------------------------------
| 1 |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR-END
| |(000 omitted)
| |------------------------------------------------------------------------------------------------
| Years in Which | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 1,152 | 1,376 | 695 | 296 | 280 | 193 |
| 2. 1984................| 2,365 | 962 | 178 | 60 | 0 | 0 |
| 3. 1985................| X X X X | 3,931 | 966 | 333 | 200 | 55 |
| 4. 1986................| X X X X | X X X X | 8,647 | 3,035 | 1,998 | 1,619 |
| 5. 1987................| X X X X | X X X X | X X X X | 11,245 | 5,428 | 3,595 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 11,836 | 3,750 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 7,701 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| 1 |
| |
| ----------------------------------------------------------------|
| Years in Which | | | | |
| Losses Were | 8 | 9 | 10 | 11 |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| 0 | 0 | 4 | 4 |
| 2. 1984................| 0 | 0 | 8 | 8 |
| 3. 1985................| 22 | 2 | 0 | 0 |
| 4. 1986................| 823 | 165 | 125 | 215 |
| 5. 1987................| 1,491 | 367 | 383 | 863 |
| 6. 1988................| 1,624 | 353 | 189 | 771 |
| 7. 1989................| 1,995 | 617 | 294 | 453 |
| 8. 1990................| 6,682 | 1,759 | 1,050 | 189 |
| 9. 1991................| X X X X | 5,660 | 2,064 | 318 |
| 10. 1992................| X X X X | X X X X | 4,727 | 547 |
| 11. 1993................| X X X X | X X X X | X X X X | 3,631 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4H - SECTION 1 - OTHER LIABILITY - OCCURRENCE
------------------------------------------------------------------------------------------------------------------------------
| 1 |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR-END
| |(000 omitted)
| |------------------------------------------------------------------------------------------------
| Years in Which | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 179,088 | 148,377 | 101,181 | 65,292 | 52,245 | 40,610 |
| 2. 1984................| 97,898 | 74,206 | 56,747 | 40,196 | 30,886 | 26,244 |
| 3. 1985................| X X X X | 140,056 | 95,657 | 65,153 | 52,126 | 41,785 |
| 4. 1986................| X X X X | X X X X | 218,982 | 188,844 | 140,570 | 76,095 |
| 5. 1987................| X X X X | X X X X | X X X X | 255,083 | 201,512 | 128,329 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 188,732 | 130,153 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 124,748 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------|
| 1 |
| |
| ----------------------------------------------------------------|
| Years in Which | | | | |
| Losses Were | 8 | 9 | 10 | 11 |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
|------------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ...............| 29,001 | 56,098 | 66,741 | 106,445 |
| 2. 1984.................| 20,342 | 13,815 | 20,223 | 26,876 |
| 3. 1985.................| 36,612 | 34,047 | 30,415 | 31,330 |
| 4. 1986.................| 49,571 | 43,325 | 41,594 | 35,822 |
| 5. 1987.................| 87,279 | 61,191 | 63,292 | 42,081 |
| 6. 1988.................| 145,770 | 66,435 | 61,503 | 36,881 |
| 7. 1989.................| 104,146 | 82,543 | 55,293 | 41,007 |
| 8. 1990.................| 125,630 | 109,041 | 90,026 | 55,009 |
| 9. 1991.................| X X X X | 98,570 | 87,514 | 55,193 |
| 10. 1992.................| X X X X | X X X X | 64,920 | 46,732 |
| 11. 1993.................| X X X X | X X X X | X X X X | 47,924 |
----------------------------------------------------------------------------------------------
SCHEDULE P - PART 4H - SECTION 2 - OTHER LIABILITY - CLAIMS-MADE
------------------------------------------------------------------------------------------------------------------------------
| 1 |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR-END
| |(000 omitted)
| |------------------------------------------------------------------------------------------------
| Years in Which | | | | | | |
| Losses Were | 2 | 3 | 4 | 5 | 6 | 7 |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984................| 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985................| X X X X | 0 | 0 | (27)| (33)| (25)|
| 4. 1986................| X X X X | X X X X | 0 | 34 | (21)| (52)|
| 5. 1987................| X X X X | X X X X | X X X X | 2 | 0 | 0 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 40 | 30 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 116 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| 1 |
| |
| ----------------------------------------------------------------|
| Years in Which | | | | |
| Losses Were | 8 | 9 | 10 | 11 |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| 0 | 0 | 0 | 40 |
| 2. 1984................| 0 | 0 | 0 | 12 |
| 3. 1985................| (44)| (9)| (57)| 5 |
| 4. 1986................| (208)| (91)| 20 | 31 |
| 5. 1987................| 0 | 0 | 0 | 3 |
| 6. 1988................| 23 | 162 | 0 | 3 |
| 7. 1989................| 83 | 32 | 20 | 0 |
| 8. 1990................| 99 | 45 | 45 | 119 |
| 9. 1991................| X X X X | 217 | 98 | 134 |
| 10. 1992................| X X X X | X X X X | 348 | 86 |
| 11. 1993................| X X X X | X X X X | X X X X | 13 |
---------------------------------------------------------------------------------------------
Page 91
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 4I - SPECIAL PROPERTY (FIRE, ALLIED LINES, INLAND
MARINE, EARTHQUAKE, GLASS, BURGLARY AND THEFT)
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | | | | | | |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 2 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 3. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
| |
| 1 ----------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | | | | |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| X X X X | 32,120 | 21,344 | 10,977 |
| 2 1992................| X X X X | X X X X | 16,111 | 2,061 |
| 3. 1993................| X X X X | X X X X | X X X X | 6,097 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4J - AUTO PHYSICAL DAMAGE
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | | | | | | |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 2 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 3. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| |
| |
| 1 ----------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | | | | |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| X X X X | 18,208 | 12,862 | 6,347 |
| 2 1992................| X X X X | X X X X | 4,424 | (343)|
| 3. 1993................| X X X X | X X X X | X X X X | 5,847 |
----------------------------------------------------------------------------------------------
SCHEDULE P - PART 4K - FIDELITY, SURETY, FINANCIAL GUARANTY, MORTGAGE GUARANTY
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | | | | | | |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 2 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 3. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| |
| 1 ----------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | | | | |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| X X X X | 7,223 | 4,210 | 6,918 |
| 2 1992................| X X X X | X X X X | 9,776 | 5,338 |
| 3. 1993................| X X X X | X X X X | X X X X | 15,103 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4L - OTHER (INCLUDING CREDIT, ACCIDENT AND HEALTH)
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | | | | | | |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 2 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 3. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| | |
| | |
| 1 |---------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | | | | |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
| | | | | |
|-----------------------------|---------------------------------------------------------------
| | | | | |
| 1. Prior ..............| X X X X | 20 | (4) | 4 |
| 2 1992................| X X X X | X X X X | 8 | 0 |
| 3. 1993................| X X X X | X X X X | X X X X | 0 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4M - INTERNATIONAL
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | | | | | | |
| Incurred | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984................| 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985................| X X X X | 0 | 0 | 0 | 0 | 0 |
| 4. 1986................| X X X X | X X X X | 0 | 0 | 0 | 0 |
| 5. 1987................| X X X X | X X X X | X X X X | 0 | 0 | 0 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 6,976 | 4,332 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 4,930 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| | |
| | |
| 1 |---------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | | | | |
| Incurred | 1990 | 1991 | 1992 | 1993 |
| | | | | |
| | | | | |
|-----------------------------|---------------------------------------------------------------|
| | | | | |
| 1. Prior ..............| 0 | 0 | 0 | 0 |
| 2. 1984................| 0 | 0 | 0 | 0 |
| 3. 1985................| 0 | 0 | 0 | 0 |
| 4. 1986................| 0 | 0 | 0 | 0 |
| 5. 1987................| 0 | 0 | 0 | 0 |
| 6. 1988................| 3,098 | 1,388 | 1,425 | 1,694 |
| 7. 1989................| 2,760 | 1,775 | 1,523 | 1,444 |
| 8. 1990................| 5,303 | 3,754 | 2,259 | 958 |
| 9. 1991................| X X X X | 5,740 | 3,247 | 1,728 |
| 10. 1992................| X X X X | X X X X | 2,293 | 1,735 |
| 11. 1993................| X X X X | X X X X | X X X X | 4,466 |
---------------------------------------------------------------------------------------------
Page 92
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P - PART 4N - REINSURANCE A
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| Incurred | | | | | | |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| 1. 1988................| X X X X | X X X X | X X X X | X X X X | 29,167 | 20,669 |
| 2. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 14,575 |
| 3. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 4. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 5. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 6. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| |
| |
| 1 ----------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | 1990 | 1991 | 1992 | 1993 |
| Incurred | | | | |
| | | | | |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| 1. 1988................| 16,864 | 5,599 | 3,332 | 3,611 |
| 2. 1989................| 13,294 | 13,088 | 11,443 | 4,941 |
| 3. 1990................| 17,082 | 17,746 | 15,433 | 5,074 |
| 4. 1991................| X X X X | 32,597 | 23,320 | 6,916 |
| 5. 1992................| X X X X | X X X X | 23,417 | 18,544 |
| 6. 1993................| X X X X | X X X X | X X X X | 34,972 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4O - REINSURANCE B
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| Incurred | | | | | | |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. 1988................| X X X X | X X X X | X X X X | X X X X | 18,119 | 12,928 |
| 2. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 6,987 |
| 3. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 4. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 5. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 6. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| |
| |
| 1 ----------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | 1990 | 1991 | 1992 | 1993 |
| Incurred | | | | |
| | | | | |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| 1. 1988................| 10,228 | 2,583 | 1,598 | 1,815 |
| 2. 1989................| 5,714 | 4,607 | 3,651 | 2,163 |
| 3. 1990................| 5,534 | 5,443 | 4,686 | 1,822 |
| 4. 1991................| X X X X | 11,202 | 9,182 | 4,041 |
| 5. 1992................| X X X X | X X X X | 13,249 | 8,686 |
| 6. 1993................| X X X X | X X X X | X X X X | 9,690 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4P - REINSURANCE C
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| Incurred | | | | | | |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. 1988................| X X X X | X X X X | X X X X | X X X X | 0 | 0 |
| 2. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 0 |
| 3. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 4. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 5. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 6. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| |
| |
| 1 ----------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | 1990 | 1991 | 1992 | 1993 |
| Incurred | | | | |
| | | | | |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| 1. 1988................| 0 | 0 | 0 | 0 |
| 2. 1989................| 0 | 0 | 0 | 0 |
| 3. 1990................| 0 | 0 | 0 | 0 |
| 4. 1991................| X X X X | 0 | 0 | 0 |
| 5. 1992................| X X X X | X X X X | 0 | 0 |
| 6. 1993................| X X X X | X X X X | X X X X | 0 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4Q - REINSURANCE D
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| Incurred | | | | | | |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984................| 452 | 3,340 | 179 | 4 | 23 | 0 |
| 3. 1985................| X X X X | 6,413 | 7,117 | 931 | 346 | 125 |
| 4. 1986................| X X X X | X X X X | 15,706 | 7,079 | 3,446 | 2,206 |
| 5. 1987................| X X X X | X X X X | X X X X | 20,805 | 10,661 | 6,768 |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| |
| |
| 1 ----------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | 1990 | 1991 | 1992 | 1993 |
| Incurred | | | | |
| | | | | |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| 1. 1988................| | | | |
| 2. 1989................| 0 | 0 | 0 | 0 |
| 3. 1990................| 0 | 0 | 0 | 0 |
| 4. 1991................| 195 | 2 | 0 | 0 |
| 5. 1992................| 1,663 | 814 | 590 | 442 |
| 6. 1993................| 5,997 | 2,624 | 2,139 | 2,492 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4R - SECTION 1 - PRODUCTS LIABILITY - OCCURRENCE
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| Incurred | | | | | | |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 24,190 | 23,576 | 11,272 | 8,962 | 8,552 | 4,944 |
| 2. 1984................| 7,309 | 5,947 | 6,196 | 4,975 | 4,101 | 3,498 |
| 3. 1985................| X X X X | 10,485 | 7,804 | 7,597 | 6,977 | 5,298 |
| 4. 1986................| X X X X | X X X X | 26,221 | 19,150 | 16,072 | 9,372 |
| 5. 1987................| X X X X | X X X X | X X X X | 24,856 | 18,904 | 15,562 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 17,164 | 13,768 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 13,345 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| |
| |
| 1 ----------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | 1990 | 1991 | 1992 | 1993 |
| Incurred | | | | |
| | | | | |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| 13,286 | 20,381 | 25,550 | 29,795 |
| 2. 1984................| 2,584 | 1,627 | 2,026 | 2,914 |
| 3. 1985................| 4,066 | 3,226 | 2,847 | 3,452 |
| 4. 1986................| 5,213 | 4,975 | 3,763 | 4,275 |
| 5. 1987................| 11,129 | 6,489 | 4,705 | 5,581 |
| 6. 1988................| 14,915 | 4,998 | 5,183 | 5,022 |
| 7. 1989................| 9,827 | 5,407 | 3,061 | 3,546 |
| 8. 1990................| 10,345 | 7,066 | 5,154 | 4,032 |
| 9. 1991................| X X X X | 7,951 | 6,021 | 4,756 |
| 10. 1992................| X X X X | X X X X | 6,687 | 4,483 |
| 11. 1993................| X X X X | X X X X | X X X X | 5,486 |
---------------------------------------------------------------------------------------------
SCHEDULE P - PART 4R - SECTION 2 - PRODUCTS LIABILITY - CLAIMS-MADE
------------------------------------------------------------------------------------------------------------------------------
| |BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END
| |(000 omitted)
| 1 |------------------------------------------------------------------------------------------------
| | | | | | | |
| Years in Which | 2 | 3 | 4 | 5 | 6 | 7 |
| Losses Were | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 |
| Incurred | | | | | | |
| | | | | | | |
| | | | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|---------------|---------------|
| | | | | | | |
| 1. Prior ..............| 0 | 0 | 0 | 0 | 0 | 0 |
| 2. 1984................| 0 | 0 | 0 | 0 | 0 | 0 |
| 3. 1985................| X X X X | 0 | 0 | 0 | 0 | 0 |
| 4. 1986................| X X X X | X X X X | 0 | 0 | 0 | 0 |
| 5. 1987................| X X X X | X X X X | X X X X | 0 | 0 | 0 |
| 6. 1988................| X X X X | X X X X | X X X X | X X X X | 2 | 2 |
| 7. 1989................| X X X X | X X X X | X X X X | X X X X | X X X X | 0 |
| 8. 1990................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 9. 1991................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 10. 1992................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
| 11. 1993................| X X X X | X X X X | X X X X | X X X X | X X X X | X X X X |
------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------|
| |
| |
| 1 ----------------------------------------------------------------|
| | | | | |
| Years in Which | 8 | 9 | 10 | 11 |
| Losses Were | 1990 | 1991 | 1992 | 1993 |
| Incurred | | | | |
| | | | | |
| | | | | |
|-----------------------------|---------------|---------------|---------------|---------------|
| | | | | |
| 1. Prior ..............| 0 | 0 | 0 | 0 |
| 2. 1984................| 0 | 0 | 0 | 0 |
| 3. 1985................| 0 | 0 | 0 | 0 |
| 4. 1986................| 0 | 0 | 0 | 3 |
| 5. 1987................| 0 | 0 | 0 | 0 |
| 6. 1988................| 0 | 0 | 0 | 0 |
| 7. 1989................| 2 | 0 | 0 | 2 |
| 8. 1990................| 29 | 19 | 14 | 0 |
| 9. 1991................| X X X X | 52 | 31 | 12 |
| 10. 1992................| X X X X | X X X X | 24 | 348 |
| 11. 1993................| X X X X | X X X X | X X X X | 0 |
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Page # 93
Form 2
CONSOLIDATED ANNUAL STATEMENT FOR THE YEAR 1993 OF
THE UNITED STATES FIDELITY AND GUARANTY COMPANY AND
ITS AFFILIATED FIRE AND CASUALTY INSURERS
SCHEDULE P INTERROGATORIES
---------------------------------------------------------------------------------------------------------------------------
|
|
| 1. Computation of excess statutory reserves over statement reserves. See Instructions for explanation and formulas.
|
| (a) Auto Liability (private passenger and commercial)
|
| 1993 ( 60.0%) 1992 ( 60.0%)
| ------------------------------------------- -----------------------------------------
| 1991 ( 60.0%) Total
| ------------------------------------------ -------------------------
|
|
| (b) Other Liability and Products Liability
|
| 1993 ( 60.0%) 1992 ( 60.0%)
| ------------------------------------------ ------------------------------------------
| 1991 ( 60.0%) Total
| ------------------------------------------ -------------------------
|
| (c) Medical Malpractice
|
| 1993 ( 60.0%) 1992 ( 60.0%)
| ------------------------------------------ ------------------------------------------
| 1991 ( 60.0%) Total
| ------------------------------------------ -------------------------
|
| (d) Workers' Compensation
|
| 1993 ( 65.0%) 1992 ( 65.0%)
| ------------------------------------------- ---------------------------------------
| 1991 ( 65.0%) Total
| ------------------------------------------ -------------------------
|
| (e) Credit Total
| -------------------------
|
| (f) All Lines Total (Report here and Page 3) Total ________________________
|
|
|
| 2. What is the extended loss and expense reserve-direct and assumed-for the
| following classes? An example of an extended loss and expense reserve is
| is the actuarial reserve for the free-tail coverage arising upon death,
| disability or retirement in most medical malpractice policies. Such a
| liability is to be reported here even if it was not reported elsewhere
| in Schedule P, but otherwise reported as a liability item on page 3.
| Show the full reserve amount, not just the change during the current
| year.
|
|
| ------------------------------------------------------------------------------ -----------------------------------------
| | Year in which premiums | 1 | 2 | 3 |
| | were earned and losses | Medical | Other | Products |
| | were incurred | Malpractice | Liability | Liability |
| |---------------------------------------------------|-------------------------|-------------------------|---------------|
|
| | (a) 1987 | 0 | 0 | 0 |
| | (b) 1988 | 0 | 0 | 0 |
| | (c) 1989 | 0 | 0 | 0 |
| | (d) 1990 | 0 | 0 | 0 |
| | (e) 1991 | 0 | 0 | 0 |
| | (f) 1992 | 0 | 0 | 0 |
| | (g) 1993 | 0 | 0 | 0 |
| |---------------------------------------------------|-------------------------|-------------------------|---------------|
| | (h) Totals | 0 | 0 | 0 |
| -----------------------------------------------------------------------------------------------------------------------
3. The term "Loss expense" includes all payments for legal expenses,
including attorney's and witness fees and court costs,salaries
and expenses of investigators, adjustors and field men,rents,
stationery, telegraph and telephone charges,postage, salaries and
expenses of office employees, home office expenses and all other
payments under or on account of such injuries, whether the payments
are allocated to specific claims or are unallocated. Are they so
reported in this statement? Answer: Yes [ X ] No [ ]
4. The unallocated loss expense payments paid during the most
recent calendar year should be distributed to the various
years in which losses were incurred as follows: (1) 45% to
the most recent year, (2) 5% to the next most recent year, and
(3) the balance to all years, including the most recent, in
proportion to the amount of loss payments paid for each year
during the most recent calendar year. If the distribution in
(1) or (2) produces an accumulated distribution to such year
in excess of 10% of the premiums earned for such year,
disregarding all distributions made under (3), such accumulated
distribution should be limited to 10% of premiums earned and the
balance distributed in accordance with (3). Are they so reported
in this Statement? Answer: Yes [ ] No [ X ]
See note below !
5. Do any lines in Schedule P include reserves which are reported
gross of any discount to present value of future payments, but
are reported net of such discounts on page 10? Yes [ X ] No [ ]
If yes, proper reporting must be made in the Notes to Financial
Statements, as specified in the Instructions. Also, the discounts
must be reported in Schedule P - Part 1, Columns 31 and 32.
Schedule P must be completed gross of non-tabular discounting. Work
papers relating to discount calculations must be available for
examination upon request.
Discounting is allowed only if expressly permitted by the state
insurance department to which this Annual Statement is being filed.
6. What were the net premiums in force at the end of the year for:
(in thousands of dollars)
(a) Fidelity $17,308
(b) Surety $94,380
7. Claim count information is reported (check one)
If not the same in all years, explain in Question 8.
(a) per claim
----------------------
(b) per claimant X
----------------------
8. The information provided in Schedule P will be used by many persons
to estimate the adequacy of the current loss and expense reserves,
among other things. Are there any especially significant events,
coverage, retention or accounting changes which have occurred
which must be considered when making such analyses (An
extended statement may be attached)? In 1993, for the first
time, USF&G explicitly reduced carried reserves for anticipated
Salvage & Subrogation recoveries. To eliminate distortions in the
one and two year developments shown in Part 2 we also restated
carried reserves as of 12/91 and 12/92 for Parts 2 & 4 to be net of
anticipated Salvage & Subrogation. The 1993 Earned Premiums for
Part 10 - Reins. B reflects $60,000,000 of net ceded premiums
associated with two reinsurance contracts. These excess of loss
contracts cover risk reinsurance assumed through the operation of
our Reinsurance Management Company, F&G Re. No losses were ceded
under these contracts as of December 31, 1993. In 1984 United
States Fidelity and Guaranty began actively writing reinsurance.
This book of business is managed by F&G Re. It is characterized
by relatively large IBNR reserves and by slower payment patterns.
In 1985, United States Fidelity and Guaranty began increasing the
use of structured settlements to close claims. This has the effect
of speeding up loss payment patterns. See Footnote #17 for the
impact of the WCRB commutation.
ITEM 4 NOTE - The accident year distribution of the calendar year
1993 ULAE Payments was based on cost accounting studies.