|
IRIS |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
| Gross Premium to Stockholder Equity |
69.43% |
85.44% |
58.68% |
60.70% |
92.28% |
89.87% |
| Net Premium to Stockholder Equity |
65.72% |
78.90% |
57.83% |
60.70% |
92.28% |
89.53% |
| Change in Net Writings |
0.45% |
-15.26% |
7.56% |
8.86% |
21.18% |
22.31% |
| Investment Yield |
1.79% |
-12.72% |
1.98% |
8.70% |
1.83% |
1.34% |
| Change in Stockholder Equity |
20.59% |
-37.88% |
12.90% |
65.50% |
17.58% |
99.09% |
| Liabilities to Liquid Assets |
61.54% |
60.47% |
46.30% |
38.92% |
46.68% |
42.39% |
 |
| Earnings Analysis |
| Gross Premium Written Growth |
-2.00% |
-9.57% |
9.15% |
8.86% |
20.72% |
16.03% |
| Reinsurance Ceded as % of Gross Written Prem. |
5.35% |
7.66% |
1.46% |
0.00% |
0.00% |
0.38% |
| Loss & LAE Ratio |
22.89% |
33.85% |
41.27% |
43.98% |
0.00% |
34.73% |
| Expense Ratio |
56.31% |
49.88% |
55.04% |
39.32% |
40.03% |
40.18% |
| Combined Ratio |
77.14% |
80.58% |
95.34% |
83.15% |
73.75% |
74.04% |
| Investment Income Ratio |
4.37% |
-18.53% |
2.43% |
18.82% |
3.36% |
2.28% |
| Investment Yield |
1.79% |
-12.72% |
1.98% |
8.70% |
1.83% |
1.34% |
| Operating Ratio |
72.77% |
99.11% |
92.91% |
64.34% |
70.38% |
71.77% |
| Pre-Tax ROE |
2.13% |
1.20% |
-3.44% |
13.37% |
9.87% |
5.91% |
|
| Balance Sheet Analysis |
|
| Total Assets Growth |
26.83% |
-26.46% |
20.56% |
46.88% |
26.58% |
80.80% |
| Change in Stockholder Equity |
20.59% |
-37.88% |
12.90% |
65.50% |
17.58% |
99.09% |
| Net Leverage |
178.67% |
181.38% |
128.86% |
120.86% |
172.74% |
157.16% |
| Stocks as % of SE |
108.70% |
68.87% |
43.59% |
88.77% |
122.55% |
118.32% |
| Liquid Assets to Total Reserves |
493.46% |
448.84% |
626.74% |
731.49% |
553.74% |
659.36% |
| Liquid Assets to Total Assets |
86.20% |
83.69% |
89.70% |
96.51% |
95.51% |
95.17% |
| Liquid Assets to Total Liabilities |
162.51% |
165.36% |
216.00% |
256.94% |
214.21% |
235.89% |
|
| Reserve Analysis |
|
| Total Reserves to Net Written Premium |
56.60% |
47.86% |
42.33% |
34.81% |
33.73% |
27.02% |
| Loss & LAE Reserves to Net Written Premium |
56.60% |
47.86% |
42.33% |
34.81% |
33.73% |
27.02% |
| Loss Reserve Development to Net Written Premium |
8.96% |
-2.09% |
9.96% |
3.83% |
11.43% |
10.85% |
| Loss Reserve Development to Stockholder Equity |
7.10% |
-1.65% |
5.76% |
2.32% |
10.55% |
9.71% |
| IBNR Reserves as % of Loss Reserve |
83.98% |
83.98% |
90.33% |
91.74% |
67.48% |
81.22% |
| Loss Reserves to Stockholder Equity |
37.20% |
37.76% |
24.48% |
21.13% |
31.13% |
24.19% |
