|
IRIS |
2010 |
2009 |
2008 |
2007 |
2006 |
| Gross Premium to Stockholder Equity |
108.29% |
69.43% |
85.44% |
58.51% |
60.70% |
| Net Premium to Stockholder Equity |
105.61% |
66.88% |
80.04% |
57.66% |
60.70% |
| Change in Net Writings |
81.25% |
0.76% |
-13.77% |
7.24% |
8.86% |
| Investment Yield |
2.59% |
1.79% |
-12.72% |
1.98% |
8.70% |
| Change in Stockholder Equity |
14.78% |
20.59% |
-37.88% |
12.90% |
65.50% |
| Liabilities to Liquid Assets |
83.07% |
86.06% |
88.47% |
56.80% |
48.23% |
 |
| Earnings Analysis |
| Gross Premium Written Growth |
79.02% |
-2.00% |
-9.30% |
8.83% |
8.86% |
| Reinsurance Ceded as % of Gross Written Prem. |
2.48% |
3.68% |
6.31% |
1.46% |
0.00% |
| Loss & LAE Ratio |
28.20% |
23.77% |
36.13% |
42.00% |
43.98% |
| Expense Ratio |
47.32% |
56.31% |
49.88% |
55.04% |
39.32% |
| Combined Ratio |
75.52% |
80.08% |
86.01% |
97.04% |
83.31% |
| Investment Income Ratio |
4.53% |
4.37% |
-18.53% |
2.43% |
18.82% |
| Investment Yield |
2.59% |
1.79% |
-12.72% |
1.98% |
8.70% |
| Operating Ratio |
70.99% |
75.71% |
104.54% |
94.61% |
64.49% |
| Pre-Tax ROE |
8.92% |
2.13% |
1.20% |
-3.44% |
13.37% |
|
| Balance Sheet Analysis |
|
| Total Assets Growth |
17.38% |
26.83% |
-26.46% |
20.56% |
46.88% |
| Change in Stockholder Equity |
14.78% |
20.59% |
-37.88% |
12.90% |
65.50% |
| Net Leverage |
223.38% |
179.84% |
182.52% |
128.68% |
120.86% |
| Stocks as % of SE |
117.09% |
94.94% |
60.93% |
43.59% |
88.77% |
| Liquid Assets to Total Reserves |
327.87% |
352.86% |
306.81% |
744.01% |
731.49% |
| Liquid Assets to Total Assets |
65.10% |
61.64% |
57.21% |
73.11% |
96.51% |
| Liquid Assets to Total Liabilities |
120.38% |
116.20% |
113.03% |
176.05% |
256.94% |
|
| Reserve Analysis |
|
| Total Reserves to Net Written Premium |
40.95% |
55.62% |
47.17% |
42.45% |
34.81% |
| Loss & LAE Reserves to Net Written Premium |
40.95% |
55.62% |
47.17% |
42.45% |
34.81% |
| Loss Reserve Development to Net Written Premium |
10.26% |
8.81% |
-2.06% |
9.99% |
3.83% |
| Loss Reserve Development to Stockholder Equity |
12.44% |
7.10% |
-1.65% |
5.76% |
2.32% |
| IBNR Reserves as % of Loss Reserve |
49.62% |
54.46% |
64.19% |
90.21% |
91.75% |
| Loss Reserves to Stockholder Equity |
43.24% |
37.20% |
37.76% |
24.48% |
21.13% |
