SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1O-K/A
(Mark One)
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from ______________ to ________________
Commission file number 1-11238.
NYMAGIC, INC.
(Exact name of registrant as specified in its charter)
New York 13-3534162
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
330 Madison Avenue, New York, NY 10017
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 551-0600
---------
Securities registered pursuant to Section 12(b) of the Act:
Title of each class: Name of each exchange on which registered:
Common Stock, $1.00 par value New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
Indicate by check mark if disclosure of delinquent filers pursuant to Rule 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]
The aggregate market value of voting stock held by non-affiliates of the
registrant, as of March 1, 1997, was approximately $85,887,845.
The number of shares outstanding of each of the registrant's classes of common
stock, as of March 1, 1997, was 10,143,052 shares of common stock, $1.00 par
value.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Company's Proxy Statement for the 1997 Annual Meeting of
Shareholders are incorporated by reference in Part III.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.
NYMAGIC, INC.
(Registrant)
By: /s/ Mark W. Blackman
----------------------
Mark W. Blackman
Chief Executive Officer
Date: March 5, 1997
--------------
Pursuant to the requirements of the Securities Exchange Act of 1934, this
Report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the date indicated.
Name Title Date
- ---- ----- ----
/s/ John N. Blackman, Jr Chairman of the Board March 5, 1997
- ------------------------ and Director
John N. Blackman, Jr.
/s/ Mark W. Blackman President, Chief Executive March 5, 1997
- -------------------- Officer and Director
Mark W. Blackman
/s/ Thomas J. Condon Director March 5, 1997
- --------------------
Thomas J. Condon
/s/ Jean H. Goulding Director March 5, 1997
- --------------------
Jean H. Goulding
/s/ James A. Lambert Director, General Counsel, March 5, 1997
- -------------------- Chief Operating Officer
James A. Lambert and Secretary
/s/ John Kean, Jr Director March 5, 1997
- --------------------
John Kean, Jr.
<PAGE>
Name Title Date
- ---- ----- ----
/s/ Charles A. Mitchell Director and Vice President March 5, 1997
- --------------------
Charles A. Mitchell
/s/ Michael S. Shaffet Director March 5, 1997
- --------------------
Michael S. Shaffet
/s/ William R. Scarbrough Director March 5, 1997
- --------------------
William R. Scarbrough
/s/ Richard T. Soper Director March 5, 1997
- --------------------
Richard T. Soper
/s/ William A. Thorne Director March 5, 1997
- --------------------
William A. Thorne
/s/ Sergio B. Tobia Director March 5, 1997
- --------------------
Sergio B. Tobia
/s/ Louise B. Tollefson Director March 5, 1997
- -----------------------
Louise B. Tollefson
/s/ Thomas J. Iacopelli Principal Accounting Officer March 5, 1997
- ----------------------- and Chief Financial Officer
Thomas J. Iacopelli
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.
Part 5 - history of claims.
Part 6 - history of premiums earned.
Part 7 - history of loss sensitive contracts.
Schedule P Interrogatories.
2. Lines of business A through M, R and S are groupings of the lines of
business used on 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. Parts 2 and 4 are gross of all discounting, including tabular discounting.
Part 1 is gross of only non-tabular discounting, which is reported in
Columns 31 and 32 of part 1. The tabular discount, if any, is reported in
the Notes to Financial Statements which will reconcile Part 1 with Parts 2
and 4.
<PAGE>
PAGE 74
<TABLE>
<CAPTION>
SCHEDULE P - PART 1 - SUMMARY
($000 Omitted)
====================================================================================================================================
(1) PREMIUMS EARNED LOSS AND LOSS EXPENSE PAYMENTS (12)
Years in -------------------------------------------------------------------------------------------------------------
which LOSS PAYMENTS ALLOCATED LOSS EXPENSE
Premiums (2) (3) (4) PAYMENTS (9) (10) (11) Number of
Were Earned Claims
and Losses Direct and Ceded Net ---------------------------------------- Salvage and Unallocated Total Net Reported -
Were Assumed (Cols. 2-3) (5) (6) (7) (8) Subrogation Loss Expense Paid Direct and
Incurred Direct and Direct and Received Payments (Cols. 5-6 Assumed
Assumed Ceded Assumed Ceded +7-8+10)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx 1342 615 907 181 170 0 1453 xxx
2. 1987 141236 75165 66071 54243 27494 4988 1614 2009 0 30123 xxx
3. 1988 157648 86659 70989 77251 43330 10325 4303 3117 0 39943 xxx
4. 1989 165195 93434 71761 177088 135908 15627 7313 2630 0 49494 xxx
5. 1990 166056 101563 64493 104308 74391 11314 4193 2531 0 37038 xxx
6. 1991 179573 115157 64416 63760 39145 8383 2582 1765 0 30416 xxx
7. 1992 161162 102887 58275 66970 46323 4311 1373 760 0 23585 xxx
8. 1993 165180 99903 65277 78677 51353 3768 1765 768 1799 31126 xxx
9. 1994 180033 100778 79255 114218 86618 3808 2471 1651 2189 31126 xxx
10. 1995 197192 93731 103461 42694 18434 1104 370 557 2111 27105 xxx
11. 1996 168183 71146 97037 23851 9364 607 82 31 1860 16872 xxx
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS xxx xxx xxx 804402 532975 65142 26247 15989 7959 318281 xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
LOSSES UNPAID ALLOCATED LOSS EXPENSES UNPAID
-------------------------------------------------------------------------- (21) (22) (23) (24)
CASE BASIS BULK + IBNR CASE BASIS BULK + IBNR
-------------------------------------------------------------------------- SALVAGE & UNALLOCATED TOTAL NET NUMBER OF
(13) (14) (15) (16) (17) (18) (19) (20) SUBROGATION LOSS LOSSES AND CLAIMS
Direct and Direct Direct Direct ANTICIPATED EXPENSES EXPENSES OUTSTANDING
Assumed Ceded and Ceded and Ceded and Ceded UNPAID UNPAID DIRECT AND
Assumed Assumed Assumed ASSUMED
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 16712 10003 7937 4417 0 0 552 228 211 0 10553 xxx
2. 1987 2439 736 1000 302 0 0 239 85 78 0 2555 xxx
3. 1988 5328 2308 2492 751 0 0 361 123 113 0 4999 xxx
4. 1989 13058 9303 5142 1522 0 0 598 194 212 0 7779 xxx
5. 1990 14808 7416 7352 2126 0 0 762 208 319 0 13172 xxx
6. 1991 11274 4802 11640 3101 0 0 903 195 275 0 15719 xxx
7. 1992 10765 5092 13107 3776 0 0 1904 395 372 0 16513 xxx
8. 1993 13780 6469 16371 4796 0 0 2512 502 562 0 20896 xxx
9. 1994 42199 32194 25125 7501 0 0 4480 729 1012 0 31380 xxx
10. 1995 20801 13591 41225 11919 0 0 6769 790 1510 0 42495 xxx
11. 1996 29024 17819 54223 15785 0 0 8065 967 2223 151 56892 xxx
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS 180188 109733 185614 55996 0 0 27145 4416 6887 151 222953 xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
TOTAL LOSSES AND LOSS AND NONTABULAR NET BALANCE SHEET
LOSS EXPENSES INCURRED LOSS EXPENSE PERCENTAGE DISCOUNT RESERVES AFTER
(Incurred/Premiums Earned) (33) DISCOUNT
---------------------------------------------------------------------------------------- ------------------
(25) (26) (27) (28) (29) (30) (31) (32) Inter-Company (34) (35)
Loss Pooling
Direct and Ceded Net Direct and Ceded Net Loss Expense Participation Losses Loss
Assumed Assumed Percentage Unpaid Expenses
Unpaid
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx 0 0 xxx 10229 324
2. 1987 62909 30231 32678 44.5 40.2 49.5 0 0 50.0 2401 154
3. 1988 95757 50815 44942 60.7 58.6 63.3 0 0 50.0 4761 238
4. 1989 211513 154240 57273 128.0 165.1 79.8 0 0 58.9 7375 404
5. 1990 138545 88335 50210 83.4 87.0 77.9 0 0 66.9 12618 554
6. 1991 95960 49825 46135 53.4 43.3 71.6 0 0 77.3 15011 708
7. 1992 97057 56959 40098 60.2 55.4 68.8 0 0 81.5 15004 1509
8. 1993 116703 64681 52022 70.7 64.7 79.7 0 0 84.0 18886 2010
9. 1994 191762 129256 62506 106.5 128.3 78.9 0 0 90.7 27629 3751
10. 1995 114429 44829 69600 58.0 47.8 67.3 0 0 95.0 36516 5979
11. 1996 117524 43760 73764 69.9 61.5 76.0 0 0 95.0 49643 7249
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS xxx xxx xxx xxx xxx xxx 0 0 xxx 200073 22880
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 75
<TABLE>
<CAPTION>
SCHEDULE P - PART 2 - SUMMARY
====================================================================================================================================
(1) INCURRED LOSSES AND ALLOCATED EXPENSES REPORTED AT YEAR END ($000 OMITTED) DEVELOPMENT
Years in
Which
Losses Were
Incurred
--------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 One Year Two Year
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 55176 52042 50507 47139 45465 41839 38837 36714 36472 38934 2462 2220
2. 1987 45261 43418 41081 38540 36739 35557 35899 34278 33410 32678 (732) (1600)
3. 1988 xxx 50472 48745 46671 48177 47602 46244 45167 44662 44942 280 (225)
4. 1989 xxx xxx 53563 54047 58399 59626 60030 58538 58683 57273 (1410) (1265)
5. 1990 xxx xxx xxx 50795 47279 49348 49352 51990 50500 50210 (290) (1780)
6. 1991 xxx xxx xxx xxx 45344 43866 45953 46206 45467 46135 668 (71)
7. 1992 xxx xxx xxx xxx xxx 48868 46024 42127 40235 40098 (137) (2029)
8. 1993 xxx xxx xxx xxx xxx xxx 54969 52929 52621 50223 (2398) (2706)
9. 1994 xxx xxx xxx xxx xxx xxx xxx 64065 63601 60317 (3284) (3748)
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 75620 67489 (8131) xxx
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 71753 xxx xxx
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS (12972) (11204)
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
SCHEDULE P - PART 3 - SUMMARY
====================================================================================================================================
(1) CUMULATIVE PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED) (12) (13)
Year in
Which Number of Number of
Losses --------------------------------------------------------------------------------------------- Claims Claims
Were (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Closed With Closed
Incurred Loss Without
Payment Loss
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 Payment
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 8869 15618 19097 22460 21633 23267 25374 26928 28381 xxx xxx
2. 1987 4470 11487 16482 19551 22740 23775 26594 27811 30108 30123 xxx xxx
3. 1988 xxx 4336 11663 16855 24451 28017 31112 35705 38073 39943 xxx xxx
4. 1989 xxx xxx 5299 16469 23496 29398 38031 44021 47018 49494 xxx xxx
5. 1990 xxx xxx xxx 2184 8747 13360 21530 29030 33343 37038 xxx xxx
6. 1991 xxx xxx xxx xxx 2047 5055 13818 20500 24862 30416 xxx xxx
7. 1992 xxx xxx xxx xxx xxx 2756 9790 14140 19226 23585 xxx xxx
8. 1993 xxx xxx xxx xxx xxx xxx 4431 17339 24714 29327 xxx xxx
9. 1994 xxx xxx xxx xxx xxx xxx xxx 11186 21765 28937 xxx xxx
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 10044 24994 xxx xxx
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 15012 xxx xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
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) (8) (9) (10) (11)
Were Incurred
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 27434 19551 14733 9408 5785 3885 2444 2113 2371 3844
2. 1987 32591 20985 15436 10346 6866 4313 2965 1425 1147 852
3. 1988 xxx 35531 24459 15625 10917 7873 5700 3588 2698 1979
4. 1989 xxx xxx 38132 24234 16024 11451 8506 6589 5465 4024
5. 1990 xxx xxx xxx 39863 26182 17966 13671 9935 8107 5780
6. 1991 xxx xxx xxx xxx 34420 25773 18745 14270 12104 9247
7. 1992 xxx xxx xxx xxx xxx 38440 26128 18334 14054 10840
8. 1993 xxx xxx xxx xxx xxx xxx 39236 24199 18552 13585
9. 1994 xxx xxx xxx xxx xxx xxx xxx 43640 30938 21375
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 52032 35285
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 45536
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 76
SCHEDULE P - PART 1A
NONE
<PAGE>
PAGE 77
SCHEDULE P - PART 1B
NONE
<PAGE>
<TABLE>
<CAPTION>
PAGE 78
SCHEDULE P - PART 1C
COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
($000 Omitted)
===================================================================================================================================
(1) PREMIUMS EARNED LOSS AND LOSS EXPENSE PAYMENTS (12)
Years in
which Number of
Premiums -------------------------------------------------------------------------------------------------------- Claims
Were Earned (2) (3) (4) LOSS PAYMENTS ALLOCATED LOSS EXPENSE (9) (10) (11) Reported -
and Losses PAYMENTS Direct and
Were Direct and Ceded Net Salvage and Unallocated Total Net Assumed
Incurred Assumed (Cols. 2-3) ----------------------------------------- Subrogation Loss Expense Paid
(5) (6) (7) (8) Received Payments (Cols. 5-6
Direct and Direct and +7-8 +10)
Assumed Ceded Assumed Ceded
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx 0 0 0 0 0 0 0 xxx
2. 1987 0 0 0 0 0 0 0 0 0 0 0
3. 1988 0 0 0 0 0 0 0 0 0 0 0
4. 1989 0 0 0 0 0 0 0 0 0 0 0
5. 1990 0 0 0 0 0 0 0 0 0 0 0
6. 1991 0 0 0 0 0 0 0 0 0 0 0
7. 1992 0 0 0 0 0 0 0 0 0 0 0
8. 1993 0 0 0 0 0 0 0 0 0 0 0
9. 1994 0 0 0 0 0 0 0 0 0 0 0
10. 1995 36 3 33 13 5 2 1 0 0 9 6
11. 1996 4 2 2 1 0 1 0 0 0 2 1
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS xxx xxx xxx 14 5 3 1 0 0 11 xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
LOSSES UNPAID ALLOCATED LOSS EXPENSES UNPAID (21) (22) (23) (24)
--------------------------------------------------------------------------- SALVAGE & UNALLOCATED TOTAL NET NUMBER OF
CASE BASIS BULK + IBNR CASE BASIS BULK + IBNR SUBROGATION LOSS LOSSES AND CLAIMS
--------------------------------------------------------------------------- ANTICIPATED EXPENSES EXPENSES OUTSTANDING
(13) (14) (15) (16) (17) (18) (19) (20) UNPAID UNPAID DIRECT AND
Direct and Direct Direct Direct ASSUMED
Assumed Ceded and Ceded and Ceded and Ceded
Assumed Assumed Assumed
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0 0 0
3. 1988 0 0 0 0 0 0 0 0 0 0 0 0
4. 1989 0 0 0 0 0 0 0 0 0 0 0 0
5. 1990 0 0 0 0 0 0 0 0 0 0 0 0
6. 1991 0 0 0 0 0 0 0 0 0 0 0 0
7. 1992 0 0 0 0 0 0 0 0 0 0 0 0
8. 1993 0 0 0 0 0 0 0 0 0 0 0 0
9. 1994 0 0 0 0 0 0 0 0 0 0 0 0
10. 1995 0 0 15 0 0 0 0 0 0 0 15 2
11. 1996 0 0 0 0 0 0 0 0 0 0 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS 0 0 15 0 0 0 0 0 0 0 15 2
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
TOTAL LOSSES AND LOSS AND NONTABULAR NET BALANCE SHEET
LOSS EXPENSES INCURRED LOSS EXPENSE PERCENTAGE DISCOUNT RESERVES AFTER DISCOUNT
(Incurred/Premiums Earned) (33)
----------------------------------------------------------------------------------- -----------------------------
(25) (26) (27) (28) (29) (30) (31) (32) Inter-Company (34) (35)
Loss Pooling
Direct and Ceded Net Direct and Ceded Net Loss Expense Participation Losses Loss Expenses
Assumed Assumed Percentage Unpaid Unpaid
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx 0 0 xxx 0 0
2. 1987 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
3. 1988 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
4. 1989 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
5. 1990 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
6. 1991 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
7. 1992 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
8. 1993 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
9. 1994 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
10. 1995 30 6 24 83.3 200.0 72.7 0 0 100.0 15 0
11. 1996 2 0 2 50.0 0.0 100.0 0 0 100.0 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS xxx xxx xxx xxx xxx xxx 0 0 xxx 15 0
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 79
SCHEDULE P - PART 1D
NONE
<PAGE>
PAGE 80
SCHEDULE P - PART 1E
NONE
<PAGE>
PAGE 81
SCHEDULE P - PART 1F - Section 1
NONE
<PAGE>
PAGE 82
SCHEDULE P - PART 1F - Section 2
NONE
<PAGE>
<TABLE>
<CAPTION>
PAGE 83
SCHEDULE P - PART 1G - SPECIAL LIABILITY
(OCEAN, MARINE, AIRCRAFT (ALL PERILS),
BOILER AND MACHINERY)
($000 Omitted)
====================================================================================================================================
(1) PREMIUMS EARNED LOSS AND LOSS EXPENSE PAYMENTS (12)
Years in
Which -------------------------------------------------------------------------------------------------------- Number of
Premiums (2) (3) (4) LOSS PAYMENTS ALLOCATED LOSS EXPENSE (9) (10) (11) Claims
Were Earned PAYMENTS Reported -
and Losses Direct and Ceded Net ------------------------------------------- Salvage and Unallocated Total Net Direct and
Were Assumed (Cols. 2-3) (5) (6) (7) (8) Subrogation Loss Expense Paid Assumed
Incurred Direct and Direct and Received Payments (Cols. 5-6
Assumed Ceded Assumed Ceded +7-8 +10)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx 363 129 192 (4) 59 0 430 xxx
2. 1987 103041 53772 49269 37295 15884 3286 933 1363 0 23764 xxx
3. 1988 97175 52950 44225 52360 29554 3473 1085 2148 0 25194 xxx
4. 1989 90050 50496 39554 115893 88402 5774 2589 1653 0 30676 xxx
5. 1990 83386 54096 29290 65179 46372 3290 1293 1237 0 20804 xxx
6. 1991 105852 76884 28968 47933 34986 2825 1523 1323 0 14249 xxx
7. 1992 102056 72237 29819 43282 30006 1977 881 605 0 14372 xxx
8. 1993 112791 71326 41465 45318 25876 1615 834 614 1282 21505 xxx
9. 1994 131909 69343 62566 47724 27863 966 446 1510 1823 22204 xxx
10. 1995 161865 78258 83607 26203 12512 532 245 516 1882 15860 xxx
11. 1996 154620 66721 87899 21494 8550 397 54 31 1821 15108 xxx
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS xxx xxx xxx 503044 320134 24327 9879 11059 6808 204166 xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
LOSSES UNPAID ALLOCATED LOSS EXPENSES UNPAID (21) (22) (23) (24)
-------------------------------------------------------------------------
CASE BASIS BULK + IBNR CASE BASIS BULK + IBNR SALVAGE & UNALLOCATED TOTAL NET NUMBER OF
------------------------------------------------------------------------- SUBROGATION LOSS LOSSES CLAIMS
(13) (14) (15) (16) (17) (18) (19) (20) ANTICIPATED EXPENSES AND OUTSTANDING
Direct and Direct Direct Direct UNPAID EXPENSES DIRECT AND
Assumed Ceded and Ceded and Ceded and Ceded UNPAID ASSUMED
Assumed Assumed Assumed
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 3245 1075 1005 558 0 0 236 33 130 0 2820 835
2. 1987 957 80 270 95 0 0 58 4 57 0 1106 210
3. 1988 2449 1312 435 145 0 0 64 6 72 0 1485 286
4. 1989 10221 8003 960 340 0 0 132 6 155 0 2964 370
5. 1990 7654 4888 1501 516 0 0 223 9 207 0 3965 357
6. 1991 4093 3215 2475 695 0 0 334 15 136 0 2977 377
7. 1992 7357 4911 4139 1337 0 0 1003 114 260 0 6137 448
8. 1993 5557 2856 8917 2809 0 0 1216 154 425 0 9871 628
9. 1994 21106 14929 18428 5849 0 0 2572 321 903 0 21007 727
10. 1995 18472 13358 35191 10843 0 0 5335 656 1392 0 34141 873
11. 1996 27535 17356 48752 15028 0 0 7101 878 2139 146 50272 792
- ------------------------------------------------------------------------------------------------------------------------------------
12.TOTALS 108646 71983 122073 38215 0 0 18274 2196 5876 146 136745 5903
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
TOTAL LOSSES AND LOSS AND NONTABULAR NET BALANCE SHEET
LOSS EXPENSES INCURRED LOSS EXPENSE PERCENTAGE DISCOUNT RESERVES AFTER DISCOUNT
(Incurred/Premiums Earned) (33)
---------------------------------------------------------------------------------- -----------------------
(25) (26) (27) (28) (29) (30) (31) (32) Inter-Company (34) (35)
Pooling
Direct and Ceded Net Direct and Ceded Net Loss Loss Participation Losses Loss Expenses
Assumed Assumed Expense Percentage Unpaid Unpaid
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx 0 0 xxx 2617 203
2. 1987 41866 16996 24870 40.6 31.6 50.5 0 0 50.0 1052 54
3. 1988 58781 32102 26679 60.5 60.6 60.3 0 0 50.0 1427 58
4. 1989 132980 99340 33640 147.7 196.7 85.0 0 0 58.9 2838 126
5. 1990 77848 53079 24769 93.4 98.1 84.6 0 0 66.9 3751 214
6. 1991 57660 40434 17226 54.5 52.6 59.5 0 0 69.7 2658 319
7. 1992 57758 37249 20509 56.6 51.6 68.8 0 0 71.5 5248 889
8. 1993 63763 32387 31376 56.5 45.4 75.7 0 0 76.5 8809 1062
9. 1994 92403 49192 43211 70.1 70.9 69.1 0 0 85.7 18756 2251
10. 1995 87386 37385 50001 54.0 47.8 59.8 0 0 90.0 29462 4679
11. 1996 106994 41614 65380 69.2 62.4 74.4 0 0 90.0 43903 6369
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS xxx xxx xxx xxx xxx xxx 0 0 xxx 120521 16224
====================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PAGE 84
SCHEDULE P - PART 1H - SECTION 1
OTHER LIABILITY - OCCURRENCE
($000 Omitted)
====================================================================================================================================
(1) PREMIUMS EARNED LOSS AND LOSS EXPENSE PAYMENTS (12)
Years in ------------------------------------------------------------------------------------------------------------
which (2) (3) (4) LOSS PAYMENTS ALLOCATED LOSS (9) (10) (11) Number of
Premiums EXPENSE PAYMENTS Claims
Were Earned Direct and Ceded Net --------------------------------------- Salvage and Unallocated Total Net Reported-
and Losses Assumed (Cols. 2-3) (5) (6) (7) (8) Subrogation Loss Expense Paid Direct and
Were Direct and Direct and Received Payments (Cols. 5-6 Assumed
Incurred Assumed Ceded Assumed Ceded +7-8 +10)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx 634 284 603 131 1 0 822 xxx
2. 1987 4924 2952 1972 1748 797 820 275 143 0 1496 204
3. 1988 22264 10018 12246 10061 3891 5243 2127 367 0 9286 744
4. 1989 30497 14177 16320 13445 6208 4647 1329 332 0 10555 781
5. 1990 29819 10899 18920 10766 4443 5408 1487 259 0 10244 769
6. 1991 25877 5962 19915 12697 2650 4768 624 234 0 14191 811
7. 1992 17471 2251 15220 4829 303 1334 33 147 0 5827 535
8. 1993 12003 1329 10674 2071 166 792 60 33 56 2693 296
9. 1994 7739 857 6882 1395 117 410 34 13 112 1766 193
10. 1995 4517 224 4293 587 0 88 1 2 13 687 97
11. 1996 3305 92 3213 14 0 4 0 0 10 28 37
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS xxx xxx xxx 58247 18859 24117 6101 1531 191 57595 xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
LOSSES UNPAID ALLOCATED LOSS EXPENSES UNPAID (21) (22) (23) (24)
----------------------------------------------------------------------------
CASE BASIS BULK + IBNR CASE BASIS BULK + IBNR SALVAGE & UNALLOCATED TOTAL NET NUMBER OF
---------------------------------------------------------------------------- SUBROGATION LOSS LOSSES CLAIMS
(13) (14) (15) (16) (17) (18) (19) (20) ANTICIPATED EXPENSES AND OUTSTANDING
Direct and Direct Direct Direct UNPAID EXPENSES DIRECT AND
Assumed Ceded and Ceded and Ceded and Ceded UNPAID ASSUMED
Assumed Assumed Assumed
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 12908 8609 6792 3775 0 0 316 195 71 0 7437 2162
2. 1987 341 11 334 46 0 0 90 31 7 0 677 19
3. 1988 1768 619 1100 158 0 0 188 62 22 0 2217 80
4. 1989 1815 660 2438 347 0 0 302 103 33 0 3445 84
5. 1990 4496 1295 3742 588 0 0 351 102 68 0 6604 113
6. 1991 4817 873 6912 1342 0 0 365 71 103 0 9808 152
7. 1992 2963 28 6503 1481 0 0 523 130 88 0 8350 120
8. 1993 4002 339 5068 1193 0 0 827 191 84 0 8174 151
9. 1994 3156 250 3559 842 0 0 1008 232 63 0 6399 113
10. 1995 1213 26 2494 264 0 0 416 37 38 0 3796 53
11. 1996 153 1 2741 278 0 0 507 47 29 2 3077 32
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS 37632 12711 41683 10314 0 0 4893 1201 606 2 59984 3079
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
TOTAL LOSSES AND LOSS AND NONTABULAR NET BALANCE SHEET
LOSS EXPENSES INCURRED LOSS EXPENSE PERCENTAGE DISCOUNT RESERVES AFTER DISCOUNT
(Incurred/Premiums Earned) (33)
------------------------------------------------------------------------------------- Inter-Company -----------------------
(25) (26) (27) (28) (29) (30) (31) (32) Pooling (34) (35)
Loss Participation
Direct and Ceded Net Direct and Ceded Net Loss Expense Percentage Losses Loss
Assumed Assumed Unpaid Expenses
Unpaid
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx 0 0 xxx 7316 121
2. 1987 3333 1160 2173 67.7 39.3 110.2 0 0 50.0 618 59
3. 1988 18360 6857 11503 82.5 68.4 93.9 0 0 50.0 2091 126
4. 1989 22647 8647 14000 74.3 61.0 85.8 0 0 58.7 3246 199
5. 1990 24763 7915 16848 83.0 72.6 89.0 0 0 66.9 6355 249
6. 1991 29559 5560 23999 114.2 93.3 120.5 0 0 89.7 9514 294
7. 1992 16152 1975 14177 92.5 87.7 93.1 0 0 91.5 7957 393
8. 1993 12803 1936 10867 106.7 145.7 101.8 0 0 91.5 7538 636
9. 1994 9620 1455 8165 124.3 169.8 118.6 0 0 95.7 5623 776
10. 1995 4807 324 4483 106.4 144.6 104.4 0 0 100.0 3417 379
11. 1996 3430 325 3105 103.8 353.3 96.6 0 0 100.0 2615 462
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS xxx xxx xxx xxx xxx xxx 0 0 xxx 56290 3694
====================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PAGE 85
SCHEDULE P - PART 1H - SECTION 2
OTHER LIABILITY - CLAIMS MADE
($000 Omitted)
====================================================================================================================================
(1) PREMIUMS EARNED LOSS AND LOSS EXPENSE PAYMENTS (12)
Years in
which ------------------------------------------------------------------------------------------------------------ Number of
Premiums (2) (3) (4) LOSS PAYMENTS ALLOCATED LOSS EXPENSE (9) (10) (11) Claims
Were Earned PAYMENTS Reported -
and Losses Direct and Ceded Net ----------------------------------------- Salvage and Unallocated Total Net Direct and
Were Assumed (Cols. 2-3) (5) (6) (7) (8) Subrogation Loss Paid Assumed
Incurred Direct and Direct and Received Expense (Cols. 5-6
Assumed Ceded Assumed Ceded Payments +7-8 +10)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx 0 0 0 0 0 0 0 xxx
2. 1987 9931 2589 7342 1722 1142 617 250 1 0 947 196
3. 1988 13920 6561 7359 4138 2702 1013 649 296 0 1800 106
4. 1989 16090 6692 9398 1809 643 3703 2075 2 0 2794 112
5. 1990 15300 5893 9407 2131 734 1926 821 701 0 2502 152
6. 1991 12415 3201 9214 1615 260 481 182 125 0 1654 113
7. 1992 8205 993 7212 635 63 532 52 5 0 1052 70
8. 1993 6218 422 5796 842 75 361 33 53 23 1118 55
9. 1994 4583 262 4321 1401 119 356 29 126 18 1627 37
10. 1995 3933 204 3729 35 1 47 1 7 18 98 39
11. 1996 3194 52 3142 2 0 123 0 0 9 134 12
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS xxx xxx xxx 14330 5739 9159 4092 1316 68 13726 xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
LOSSES UNPAID ALLOCATED LOSS EXPENSES UNPAID (21) (22) (23) (24)
-------------------------------------------------------------------------------
CASE BASIS BULK + IBNR CASE BASIS BULK + IBNR SALVAGE & UNALLOCATED TOTAL NUMBER OF
-------------------------------------------------------------------------------SUBROGATION LOSS NET CLAIMS
(13) (14) (15) (16) (17) (18) (19) (20) ANTICIPATED EXPENSES LOSSES OUTSTANDING
Direct and Direct Direct Direct UNPAID AND DIRECT AND
Assumed Ceded and Ceded and Ceded and Ceded EXPENSES ASSUMED
Assumed Assumed Assumed UNPAID
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0 0
2. 1987 265 57 252 80 0 0 39 22 3 0 397 140
3. 1988 931 363 640 283 0 0 61 30 9 0 956 31
4. 1989 344 122 1052 469 0 0 79 41 8 0 843 21
5. 1990 1280 353 1356 612 0 0 98 50 16 0 1719 23
6. 1991 1728 217 1776 808 0 0 131 70 24 0 2540 20
7. 1992 288 24 1888 636 0 0 241 79 15 0 1678 21
8. 1993 632 53 1490 267 0 0 152 25 18 0 1929 23
9. 1994 967 88 1694 305 0 0 123 21 22 0 2370 16
10. 1995 198 8 1822 183 0 0 294 27 18 0 2096 26
11. 1996 379 3 2004 204 0 0 320 30 22 1 2467 11
- -----------------------------------------------------------------------------------------------------------------------------------
12. TOTALS 7012 1288 13974 3847 0 0 1538 395 155 1 16995 332
===================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
TOTAL LOSSES AND LOSS AND NONTABULAR NET BALANCE SHEET
LOSS EXPENSES INCURRED LOSS EXPENSE PERCENTAGE DISCOUNT RESERVES AFTER DISCOUNT
(Incurred/Premiums Earned) (33)
------------------------------------------------------------------------------------- Inter-Company -----------------------
(25) (26) (27) (28) (29) (30) (31) (32) Pooling (34) (35)
Direct Loss Participation
Direct and Ceded Net and Ceded Net Loss Expense Percentage Losses Loss
Assumed Assumed Unpaid Expenses
Unpaid
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx 0 0 xxx 0 0
2. 1987 2895 1551 1344 29.2 59.9 18.3 0 0 50.0 380 17
3. 1988 6783 4027 2756 48.7 61.4 37.5 0 0 50.0 925 31
4. 1989 6987 3350 3637 43.4 50.1 38.7 0 0 58.9 805 38
5. 1990 6791 2570 4221 44.4 43.6 44.9 0 0 66.9 1671 48
6. 1991 5731 1537 4194 46.2 48.0 45.5 0 0 89.7 2479 61
7. 1992 3584 854 2730 43.7 86.0 37.9 0 0 91.5 1516 162
8. 1993 3496 449 3047 56.2 106.4 52.6 0 0 91.5 1802 127
9. 1994 4556 559 3997 99.4 213.4 92.5 0 0 95.7 2268 102
10. 1995 2408 214 2194 61.2 104.9 58.8 0 0 100.0 1829 267
11. 1996 2836 235 2601 88.8 451.9 82.8 0 0 100.0 2176 291
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS xxx xxx xxx xxx xxx xxx 0 0 xxx 15851 1144
====================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PAGE 86
SCHEDULE P - PART 1I - SPECIAL PROPERTY (FIRE, ALLIED
LINES, INLAND MARINE, EARTHQUAKE, GLASS, BURGLARY & THEFT)
($000 Omitted)
====================================================================================================================================
(1) PREMIUMS EARNED LOSS AND LOSS EXPENSE PAYMENTS (12)
Years in
which ------------------------------------------------------------------------------------------------------------ Number of
Premiums (2) (3) (4) LOSS PAYMENTS ALLOCATED LOSS EXPENSE (9) (10) (11) Claims
Were Earned PAYMENTS Reported -
and Losses Direct and Ceded Net ----------------------------------------- Salvage and Unallocated Total Net Direct and
Were Assumed (Cols. 2-3) (5) (6) (7) (8) Subrogation Loss Paid Assumed
Incurred Direct and Direct and Received Expense (Cols. 5-6
Assumed Ceded Assumed Ceded Payments +7-8 +10)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx 13214 12368 1111 1033 260 18 941 xxx
2. 1995 26730 15041 11689 15853 5914 435 122 32 198 10450 xxx
3. 1996 6778 4277 2501 2340 814 82 28 0 20 1600 xxx
- ------------------------------------------------------------------------------------------------------------------------------------
4. TOTALS xxx xxx xxx 31406 19096 1628 1183 292 236 12991 xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
LOSSES UNPAID ALLOCATED LOSS EXPENSES UNPAID (21) (22) (23) (24)
-------------------------------------------------------------------------------
CASE BASIS BULK + IBNR CASE BASIS BULK + IBNR SALVAGE & UNALLOCATED TOTAL NET NUMBER OF
-------------------------------------------------------------------------------SUBROGATION LOSS LOSSES CLAIMS
(13) (14) (15) (16) (17) (18) (19) (20) ANTICIPATED EXPENSES AND OUTSTANDING
Direct and Direct Direct Direct UNPAID EXPENSES DIRECT AND
Assumed Ceded and Ceded and Ceded and Ceded UNPAID ASSUMED
Assumed Assumed Assumed
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 25023 23093 5440 2716 0 0 1579 542 155 0 5691 800
2. 1995 918 199 1703 629 0 0 724 70 62 0 2447 22
3. 1996 957 459 726 275 0 0 137 12 33 2 1076 23
- ------------------------------------------------------------------------------------------------------------------------------------
4. TOTALS 26898 23751 7869 3620 0 0 2440 624 250 2 9214 845
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
TOTAL LOSSES AND LOSS AND NONTABULAR NET BALANCE SHEET
LOSS EXPENSES INCURRED LOSS EXPENSE PERCENTAGE DISCOUNT RESERVES AFTER DISCOUNT
(Incurred/Premiums Earned) (33)
------------------------------------------------------------------------------------- Inter-Company -----------------------
(25) (26) (27) (28) (29) (30) (31) (32) Pooling (34) (35)
Loss Participation
Direct and Ceded Net Direct and Ceded Net Loss Expense Percentage Losses Loss
Assumed Assumed Unpaid Expenses
Unpaid
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx 0 0 xxx 4654 1037
2. 1995 19795 6898 12897 74.1 45.9 110.3 0 0 100.0 1793 654
3. 1996 4262 1586 2676 62.9 37.1 107.0 0 0 100.0 949 127
- ------------------------------------------------------------------------------------------------------------------------------------
4. TOTALS xxx xxx xxx xxx xxx xxx 0 0 xxx 7396 1818
====================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PAGE 87
SCHEDULE P - PART 1J - AUTO PHYSICAL DAMAGE
($000 Omitted)
====================================================================================================================================
(1) PREMIUMS EARNED LOSS AND LOSS EXPENSE PAYMENTS (12)
Years in
which ------------------------------------------------------------------------------------------------------------ Number of
Premiums (2) (3) (4) LOSS PAYMENTS ALLOCATED LOSS EXPENSE (9) (10) (11) Claims
Were Earned PAYMENTS Reported -
and Losses Direct and Ceded Net ----------------------------------------- Salvage and Unallocated Total Net Direct and
Were Assumed (Cols. 2-3) (5) (6) (7) (8) Subrogation Loss Paid Assumed
Incurred Direct and Direct and Received Expense (Cols. 5-6
Assumed Ceded Assumed Ceded Payments +7-8 +10)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx 0 0 0 0 0 0 0 xxx
2. 1995 1 0 1 3 2 0 0 0 0 1 1
3. 1996 0 0 0 0 0 0 0 0 0 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
4. TOTALS xxx xxx xxx 3 2 0 0 0 0 1 xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
LOSSES UNPAID ALLOCATED LOSS EXPENSES UNPAID (21) (22) (23) (24)
-------------------------------------------------------------------------------
CASE BASIS BULK + IBNR CASE BASIS BULK + IBNR SALVAGE & UNALLOCATED TOTAL NET NUMBER OF
-------------------------------------------------------------------------------SUBROGATION LOSS LOSSES CLAIMS
(13) (14) (15) (16) (17) (18) (19) (20) ANTICIPATED EXPENSES AND OUTSTANDING
Direct and Direct Direct Direct UNPAID EXPENSES DIRECT AND
Assumed Ceded and Ceded and Ceded and Ceded UNPAID ASSUMED
Assumed Assumed Assumed
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0 0
2. 1995 0 0 0 0 0 0 0 0 0 0 0 0
3. 1996 0 0 0 0 0 0 0 0 0 0 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
4. TOTALS 0 0 0 0 0 0 0 0 0 0 0 0
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
TOTAL LOSSES AND LOSS AND NONTABULAR NET BALANCE SHEET
LOSS EXPENSES INCURRED LOSS EXPENSE PERCENTAGE DISCOUNT RESERVES AFTER DISCOUNT
(Incurred/Premiums Earned) (33)
------------------------------------------------------------------------------------- Inter-Company -----------------------
(25) (26) (27) (28) (29) (30) (31) (32) Pooling (34) (35)
Direct Direct Loss Participation
and Ceded Net and Ceded Net Loss Expense Percentage Losses Loss
Assumed Assumed Unpaid Expenses
Unpaid
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx 0 0 xxx 0 0
2. 1995 3 2 1 300.0 0.0 100.0 0 0 100.0 0 0
3. 1996 0 0 0 0.0 0.0 0.0 0 0 100.0 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
4. TOTALS xxx xxx xxx xxx xxx xxx 0 0 xxx 0 0
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 88
SCHEDULE P - PART 1K
NONE
<PAGE>
PAGE 89
SCHEDULE P - PART 1L
NONE
<PAGE>
PAGE 90
SCHEDULE P - PART 1M
NONE
<PAGE>
<TABLE>
<CAPTION>
PAGE 91
SCHEDULE P - PART IN - REINSURANCE A
($000 OMITTED)
====================================================================================================================================
(1) PREMIUMS EARNED LOSS AND LOSS EXPENSE PAYMENTS (12)
Years in
which ------------------------------------------------------------------------------------------------------------ Number of
Premiums (2) (3) (4) LOSS PAYMENTS ALLOCATED LOSS EXPENSE (9) (10) (11) Claims
Were Earned PAYMENTS Reported -
and Losses Direct and Ceded Net ----------------------------------------- Salvage and Unallocated Total Net Direct and
Were Assumed (Cols. 2-3) (5) (6) (7) (8) Subrogation Loss Paid Assumed
Incurred Direct and Direct and Received Expense (Cols. 5-6
Assumed Ceded Assumed Ceded Payments +7-8 +10)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. 1988 0 0 0 0 0 0 0 0 0 0 xxx
2. 1989 0 0 0 0 0 0 0 0 0 0 xxx
3. 1990 0 0 0 0 0 0 0 0 0 0 xxx
4. 1991 0 0 0 0 0 0 0 0 0 0 xxx
5. 1992 0 0 0 0 0 0 0 0 0 0 xxx
6. 1993 0 0 0 0 0 0 0 0 0 0 xxx
7. 1994 25 0 25 0 0 0 0 0 0 0 xxx
8. 1995 110 1 109 0 0 0 0 0 0 0 xxx
9. 1996 282 2 280 0 0 0 0 0 0 0 xxx
- ------------------------------------------------------------------------------------------------------------------------------------
10. TOTALS xxx xxx xxx 0 0 0 0 0 0 0 xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
LOSSES UNPAID ALLOCATED LOSS EXPENSES UNPAID (21) (22) (23) (24)
-------------------------------------------------------------------------------
CASE BASIS BULK + IBNR CASE BASIS BULK + IBNR SALVAGE & UNALLOCATED TOTAL NET NUMBER OF
-------------------------------------------------------------------------------SUBROGATION LOSS LOSSES CLAIMS
(13) (14) (15) (16) (17) (18) (19) (20) ANTICIPATED EXPENSES AND OUTSTANDING
Direct and Direct Direct UNPAID EXPENSES DIRECT AND
Assumed Ceded Direct and Ceded and Ceded and Ceded UNPAID ASSUMED
Assumed Assumed Assumed
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. 1988 0 0 0 0 0 0 0 0 0 0 0 xxx
2. 1989 0 0 0 0 0 0 0 0 0 0 0 xxx
3. 1990 0 0 0 0 0 0 0 0 0 0 0 xxx
4. 1991 0 0 0 0 0 0 0 0 0 0 0 xxx
5. 1992 0 0 0 0 0 0 0 0 0 0 0 xxx
6. 1993 0 0 0 0 0 0 0 0 0 0 0 xxx
7. 1994 0 0 0 0 0 0 0 0 0 0 0 xxx
8. 1995 0 0 0 0 0 0 0 0 0 0 0 xxx
9. 1996 0 0 0 0 0 0 0 0 0 0 0 xxx
- ------------------------------------------------------------------------------------------------------------------------------------
10. TOTALS 0 0 0 0 0 0 0 0 0 0 0 xxx
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
TOTAL LOSSES AND LOSS AND NONTABULAR NET BALANCE SHEET
LOSS EXPENSES INCURRED LOSS EXPENSE PERCENTAGE DISCOUNT RESERVES AFTER DISCOUNT
(Incurred/Premiums Earned) (33)
------------------------------------------------------------------------------------- Inter-Company -----------------------
(25) (26) (27) (28) (29) (30) (31) (32) Pooling (34) (35)
Direct Direct Loss Participation
and Ceded Net and Ceded Net Loss Expense Percentage Losses Loss
Assumed Assumed Unpaid Expenses
Unpaid
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. 1988 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
2. 1989 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
3. 1990 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
4. 1991 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
5. 1992 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
6. 1993 0 0 0 0.0 0.0 0.0 0 0 0.0 0 0
7. 1994 0 0 0 0.0 0.0 0.0 0 0 100.0 0 0
8. 1995 0 0 0 0.0 0.0 0.0 0 0 100.0 0 0
9. 1996 0 0 0 0.0 0.0 0.0 0 0 100.0 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
10. TOTALS xxx xxx xxx xxx xxx xxx xxx xxx xxx 0 0
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 92
SCHEDULE P - PART 1O
NONE
<PAGE>
PAGE 93
SCHEDULE P - PART 1P
NONE
<PAGE>
PAGE 94
SCHEDULE P - PART 1Q
NONE
<PAGE>
PAGE 95
SCHEDULE P - PART 1R - Section 1
NONE
<PAGE>
PAGE 96
SCHEDULE P - PART 1R - Section 2
NONE
<PAGE>
PAGE 97
SCHEDULE P - PART 1S
NONE
<PAGE>
PAGE 98
SCHEDULE P - PART 2A - HOMEOWNERS/FARMOWNERS
NONE
SCHEDULE P - PART 2B
PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
NONE
<TABLE>
<CAPTION>
SCHEDULE P - PART 2C
COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
====================================================================================================================================
(1) INCURRED LOSSES AND ALLOCATED EXPENSES REPORTED AT YEAR END ($000 OMITTED) DEVELOPMENT
Years in
Which
Losses Were
Incurred
--------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 One Year Two Year
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0 0 0
9. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0 0 0
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 37 24 (13) xxx
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 2 xxx xxx
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS (13) 0
====================================================================================================================================
</TABLE>
<PAGE>
SCHEDULE P - PART 2D - WORKERS' COMPENSATION
NONE
SCHEDULE P - PART 2E - COMMERCIAL MULTIPLE PERIL
NONE
<PAGE>
PAGE 99
SCHEDULE P - PART 2F - SECTION 1
MEDICAL MALPRACTICE - OCCURRENCE
NONE
SCHEDULE P - PART 1F - SECTION 2
MEDICAL MALPRACTICE -
CLAIMS-MADE
NONE
<TABLE>
<CAPTION>
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) DEVELOPMENT
Years in
Which
Losses Were
Incurred
--------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 One Year Two Year
- ------------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 41335 39420 38710 36764 36516 33180 30051 26928 25765 25389 (376) (1539)
2. 1987 32328 30314 28816 27985 27441 27451 27328 26235 25496 24870 (626) (1365)
3. 1988 xxx 29417 28783 28755 28726 28548 28179 26708 26460 26679 219 (29)
4. 1989 xxx xxx 27432 28864 32921 33399 34410 33157 33756 33640 (116) 483
5. 1990 xxx xxx xxx 23560 22663 25224 25219 25952 24621 24769 148 (1183)
6. 1991 xxx xxx xxx xxx 20396 20130 21867 19201 17859 17226 (633) (1975)
7. 1992 xxx xxx xxx xxx xxx 24000 23447 21007 20515 20509 (6) (498)
8. 1993 xxx xxx xxx xxx xxx xxx 34720 32498 32593 30094 (2499) (2404)
9. 1994 xxx xxx xxx xxx xxx xxx xxx 45604 44788 41388 (3400) (4216)
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 56863 48119 (8744) xxx
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 63413 xxx xxx
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS (16033) (12726)
====================================================================================================================================
<CAPTION>
SCHEDULE P - PART 2H - SECTION 1
OTHER LIABILITY - OCCURRENCE
====================================================================================================================================
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 5758 5789 5717 5530 4724 4733 5107 6634 7360 10201 2841 3567
2. 1987 1630 3614 3085 3282 2275 2354 2613 2199 2105 2173 68 (26)
3. 1988 xxx 7589 7935 9442 10940 10998 11034 11249 11278 11503 225 254
4. 1989 xxx xxx 13135 12692 12877 13859 14138 14888 14792 14000 (792) (888)
5. 1990 xxx xxx xxx 13267 13545 14918 16148 17082 16932 16848 (84) (234)
6. 1991 xxx xxx xxx xxx 15891 17084 18229 21968 23002 23999 997 2031
7. 1992 xxx xxx xxx xxx xxx 14934 13605 13214 13269 14177 908 963
8. 1993 xxx xxx xxx xxx xxx xxx 10653 9823 9759 10811 1052 988
9. 1994 xxx xxx xxx xxx xxx xxx xxx 6665 6850 8053 1203 1388
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 4956 4470 (486) xxx
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 3093 xxx xxx
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS 5932 8043
====================================================================================================================================
<CAPTION>
SCHEDULE P - PART 2H - SECTION 2
OTHER LIABILITY - CLAIMS-MADE
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0 0
2. 1987 5885 3469 3766 2734 2314 1413 1364 1480 1420 1344 (76) (136)
3. 1988 xxx 7922 7225 4740 3978 3735 2933 3031 2878 2756 (122) (275)
4. 1989 xxx xxx 7069 5706 5760 5683 4556 3979 3857 3637 (220) (342)
5. 1990 xxx xxx xxx 7126 5868 4697 3768 4788 4558 4221 (337) (567)
6. 1991 xxx xxx xxx xxx 6302 4570 4179 3734 3726 4194 468 460
7. 1992 xxx xxx xxx xxx xxx 5206 4867 4423 3536 2730 (806) (1693)
8. 1993 xxx xxx xxx xxx xxx xxx 3314 3578 3366 3024 (342) (554)
9. 1994 xxx xxx xxx xxx xxx xxx xxx 2877 3530 3979 449 1102
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 2820 2176 (644) xxx
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 2591 xxx xxx
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS (1630) (2005)
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 100
<TABLE>
<CAPTION>
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) DEVELOPMENT
Years in
Which
Losses Were
Incurred
--------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 One Year Two Year
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx xxx 14152 12620 9641 (2979) (4511)
2. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 10943 12699 1756 xxx
3. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 2654 xxx xxx
- ------------------------------------------------------------------------------------------------------------------------------------
4. TOTALS (1223) (4511)
====================================================================================================================================
<CAPTION>
SCHEDULE P - PART 2J - AUTO PHYSICAL DAMAGE
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx xxx 0 0 0 0 0
2. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 1 1 0 xxx
3. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 0 xxx xxx
- ------------------------------------------------------------------------------------------------------------------------------------
4. TOTALS 0 0
====================================================================================================================================
</TABLE>
SCHEDULE P - PART 2K - FIDELITY, SURETY
NONE
SCHEDULE P - PART 2L - OTHER
(Including Credit, Accident and Health)
NONE
SCHEDULE P - PART 2M - INTERNATIONAL
NONE
<PAGE>
<TABLE>
<CAPTION>
PAGE 101
SCHEDULE P - PART 2N - REINSURANCE A
====================================================================================================================================
(1) INCURRED LOSSES AND ALLOCATED EXPENSES REPORTED AT YEAR END ($000 OMITTED) DEVELOPMENT
Years in
Which
Losses Were
Incurred
--------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 One Year Two Year
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. 1988 xxx 0 0 0 0 0 0 0 0 0 0 0
2. 1989 xxx xxx 0 0 0 0 0 0 0 0 0 0
3. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0 0
4. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0 0
5. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0 0
6. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0 0 0
7. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0 0 0
8. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 0 0 0 xxx
9. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 0 xxx xxx
- ------------------------------------------------------------------------------------------------------------------------------------
12. TOTALS 0 0
====================================================================================================================================
</TABLE>
SCHEDULE P - PART 2O - REINSURANCE B
NONE
SCHEDULE P - PART 2P - REINSURANCE C
NONE
SCHEDULE P - PART 2Q - REINSURANCE D
NONE
<PAGE>
PAGE 102
SCHEDULE P - PART 2R - Section 1
NONE
SCHEDULE P - PART 2R - Section 2
NONE
SCHEDULE P - PART 2S
NONE
<PAGE>
PAGE 103
SCHEDULE P - PART 3A - HOMEOWNERS/FARMOWNERS
NONE
SCHEDULE P - PART 3B - PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
NONE
<TABLE>
<CAPTION>
SCHEDULE P - PART 3C
COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
====================================================================================================================================
(1) CUMULATIVE PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED) (12) (13)
Year in
Which Number of Number of
Losses ------------------------------------------------------------------------------------------------- Claims Claims
Were (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Closed With Closed
Incurred Loss Without
Payment Loss
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 Payment
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 000 0 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0 0 0
9. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0 0 0
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 9 9 3 1
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 2 1 0
====================================================================================================================================
</TABLE>
SCHEDULE P - PART 3D - WORKERS' COMPENSATION
NONE
SCHEDULE P - PART 3E - COMMERCIAL MULTIPLE PERIL
NONE
<PAGE>
PAGE 104
SCHEDULE P - PART 3F - Section 1
MEDICAL MALPRACTICE - OCCURRENCE
NONE
SCHEDULE P - PART 3F - Section 2
MEDICAL MALPRACTICE - CLAIMS-MADE
NONE
<TABLE>
<CAPTION>
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) (12) (13)
Year in Number of Number of
Which ---------------------------------------------------------------------------------------- Claims Claims
Losses (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Closed Closed
Were With Loss Without Loss
Incurred 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 Payment Payment
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 000 7193 13309 16131 19112 19172 19974 21117 22139 22569 xxx xxx
2. 1987 4128 9436 13044 15759 18807 19620 21736 22556 23941 23764 xxx xxx
3. 1988 xxx 4257 10158 14543 18316 19873 21003 23224 24184 25194 xxx xxx
4. 1989 xxx xxx 4687 13043 18129 21312 25434 27928 29299 30676 xxx xxx
5. 1990 xxx xxx xxx 1188 6363 10243 14125 18219 19797 20804 xxx xxx
6. 1991 xxx xxx xxx xxx 1933 4862 9849 11471 12863 14249 xxx xxx
7. 1992 xxx xxx xxx xxx xxx 1781 6642 9583 12285 14372 xxx xxx
8. 1993 xxx xxx xxx xxx xxx xxx 4093 12546 17525 20223 xxx xxx
9. 1994 xxx xxx xxx xxx xxx xxx xxx 7897 16212 20381 xxx xxx
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 6667 13978 xxx xxx
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 13287 xxx xxx
====================================================================================================================================
<CAPTION>
SCHEDULE P - PART 3H - SECTION 1
OTHER LIABILITY - OCCURRENCE
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 000 275 454 612 879 36 623 1492 1942 2764 61 192
2. 1987 0 5 107 179 253 160 523 751 1399 1496 38 147
3. 1988 xxx 12 735 1117 3301 4082 5432 7151 8797 9286 355 309
4. 1989 xxx xxx 39 222 1101 1733 4631 7689 9440 10555 421 276
5. 1990 xxx xxx xxx 41 332 313 3833 6630 8410 10244 289 367
6. 1991 xxx xxx xxx xxx 56 (215) 2985 7392 10285 14191 281 378
7. 1992 xxx xxx xxx xxx xxx (100) 712 1282 3597 5827 161 254
8. 1993 xxx xxx xxx xxx xxx xxx 20 169 841 2637 64 81
9. 1994 xxx xxx xxx xxx xxx xxx xxx 42 175 1654 32 48
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 438 674 36 8
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 18 3 2
====================================================================================================================================
<CAPTION>
SCHEDULE P - PART 3H - SECTION 2
OTHER LIABILITY - CLAIMS MADE
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 000 0 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 251 303 339 502 662 713 920 947 17 90
3. 1988 xxx 1 2 137 796 1408 1604 1774 1531 1800 32 43
4. 1989 xxx xxx 0 45 573 2094 2486 2764 2788 2794 36 55
5. 1990 xxx xxx xxx 13 81 401 920 1058 1762 2502 36 93
6. 1991 xxx xxx xxx xxx 4 175 621 1259 1397 1654 26 67
7. 1992 xxx xxx xxx xxx xxx 55 349 974 1016 1052 20 29
8. 1993 xxx xxx xxx xxx xxx xxx 9 456 997 1095 23 9
9. 1994 xxx xxx xxx xxx xxx xxx xxx 8 513 1609 10 11
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 30 80 5 8
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 125 1 0
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 105
<TABLE>
<CAPTION>
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) (12) (13)
Year in Number of Number of
Which ---------------------------------------------------------------------------------------- Claims Claims
Losses (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Closed Closed
Were With Loss Without Loss
Incurred 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 Payment Payment
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx xxx 000 3024 3948 xxx xxx
2. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 2899 10252 xxx xxx
3. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 1580 xxx xxx
====================================================================================================================================
<CAPTION>
SCHEDULE P - PART 3J - AUTO PHYSICAL DAMAGE
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx xxx 000 0 0 0 0
2. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 1 1 1 0
3. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 0 0 0
====================================================================================================================================
</TABLE>
SCHEDULE P - PART 3K - FIDELITY/SENTRY
NONE
SCHEDULE P - PART 3L - OTHER
(Including Credit, Accident and Health)
NONE
SCHEDULE P - PART 3M - International
NONE
<PAGE>
PAGE 106
<TABLE>
<CAPTION>
SCHEDULE P - PART 3N - REINSURANCE A
====================================================================================================================================
(1) CUMULATIVE PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED) (12) (13)
Year in Number of Number of
Which ---------------------------------------------------------------------------------------- Claims Claims
Losses (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Closed Closed
Were With Loss Without Loss
Incurred 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 Payment Payment
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. 1988 xxx 0 0 0 0 0 0 0 0 0 xxx xxx
2. 1989 xxx xxx 0 0 0 0 0 0 0 0 xxx xxx
3. 1990 xxx xxx xxx 0 0 0 0 0 0 0 xxx xxx
4. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 xxx xxx
5. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 xxx xxx
6. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0 xxx xxx
7. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0 xxx xxx
8. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 0 0 xxx xxx
9. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 0 xxx xxx
====================================================================================================================================
</TABLE>
SCHEDULE P - PART 3O - REINSURANCE B
NONE
SCHEDULE P - PART 3P - REINSURANCE C
NONE
SCHEDULE P - PART 3Q - REINSURANCE D
NONE
<PAGE>
PAGE 107
SCHEDULE P - PART 3R - SECTION 1
NONE
SCHEDULE P - PART 3R - SECTION 2
NONE
SCHEDULE P - PART 3S
NONE
<PAGE>
PAGE 108
SCHEDULE P - PART 4A - HOMEOWNERS/FARMOWNERS
NONE
SCHEDULE P - PART 4B - PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
NONE
<TABLE>
<CAPTION>
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
Incurred
----------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0
9. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 25 15
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 0
====================================================================================================================================
</TABLE>
SCHEDULE P - PART 4D - WORKERS' COMPENSATION
NONE
SCHEDULE P - PART 4E - COMMERCIAL MULTIPLE PERIL
NONE
<PAGE>
PAGE 109
SCHEDULE P - PART 4F - SECTION 1
MEDICAL MALPRACTICE - OCCURRENCE
NONE
SCHEDULE P - PART 4F - SECTION 2
MEDICAL MALPRACTICE -CLAIMS-MADE
NONE
<TABLE>
<CAPTION>
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
Incurred
-------------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 18095 12218 8562 5625 3792 2514 1460 582 485 650
2. 1987 21723 12431 7876 4882 2901 1600 1000 393 317 229
3. 1988 xxx 17241 10033 5446 3382 2108 1374 781 499 348
4. 1989 xxx xxx 16022 8493 4840 3132 2089 1349 982 746
5. 1990 xxx xxx xxx 16059 8978 5512 3984 2382 1707 1199
6. 1991 xxx xxx xxx xxx 12294 9238 6650 4330 3028 2099
7. 1992 xxx xxx xxx xxx xxx 18114 11250 7551 5441 3691
8. 1993 xxx xxx xxx xxx xxx xxx 23771 14120 10131 7170
9. 1994 xxx xxx xxx xxx xxx xxx xxx 30864 21693 14830
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 42478 29027
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 39947
====================================================================================================================================
<CAPTION>
SCHEDULE P - PART 4H - SECTION 1
OTHER LIABILITY - OCCURRENCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 4051 3636 3249 2365 1218 968 729 1430 1819 3138
2. 1987 1579 3288 2848 2840 1982 1667 1303 651 473 347
3. 1988 xxx 6824 5023 5353 3901 3644 2965 1944 1401 1068
4. 1989 xxx xxx 11967 9390 6440 5509 4456 3769 3182 2290
5. 1990 xxx xxx xxx 12350 10020 8344 6754 5495 4734 3403
6. 1991 xxx xxx xxx xxx 14040 11686 8350 7474 7263 5864
7. 1992 xxx xxx xxx xxx xxx 13717 10061 7397 6087 5415
8. 1993 xxx xxx xxx xxx xxx xxx 9575 6742 5858 4511
9. 1994 xxx xxx xxx xxx xxx xxx xxx 6240 4489 3493
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 3917 2609
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 2923
====================================================================================================================================
<CAPTION>
SCHEDULE P - PART 4H - SECTION 2
OTHER LIABILITY -CLAIMS-MADE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0
2. 1987 5804 3314 2999 1737 1022 586 379 234 237 189
3. 1988 xxx 7398 6500 3278 2318 1326 842 533 533 388
4. 1989 xxx xxx 6541 4189 3326 1904 1317 855 847 621
5. 1990 xxx xxx xxx 6600 5006 2866 2002 1317 1117 792
6. 1991 xxx xxx xxx xxx 5743 3288 2627 1721 1403 1029
7. 1992 xxx xxx xxx xxx xxx 4680 3340 2400 2012 1414
8. 1993 xxx xxx xxx xxx xxx xxx 3213 2137 1744 1350
9. 1994 xxx xxx xxx xxx xxx xxx xxx 2213 1816 1491
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 2465 1906
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 2090
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 110
<TABLE>
<CAPTION>
SCHEDULE P - PART 4I - SPECIAL PROPERTY (FIRE
ALLIED LINES, INLAND MARINE, EARTHQUAKE,
GLASS, BURGLARY AND THEFT)
===================================================================================================================================
(1) BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)
Years in
Which
Losses Were
Incurred
-------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx xxx 5515 3641 3761
2. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 3147 1728
3. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 576
===================================================================================================================================
<CAPTION>
SCHEDULE P - PART 4J - AUTO PHYSICAL DAMAGE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior xxx xxx xxx xxx xxx xxx xxx 0 0 0
2. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 0 0
3. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 0
===================================================================================================================================
</TABLE>
SCHEDULE P - PART 4K - FIDELITY/SURETY
NONE
SCHEDULE P - PART 4L - OTHER
(INCLUDING CREDIT, ACCIDENT AND HEALTH)
NONE
SCHEDULE P - PART 4M - INTERNATIONAL
NONE
<PAGE>
PAGE 111
<TABLE>
<CAPTION>
SCHEDULE P - PART 4N - REINSURANCE A
====================================================================================================================================
(1) BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)
Years in
Which
Losses Were
Incurred
---------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. 1988 xxx 0 0 0 0 0 0 0 0 0
2. 1989 xxx xxx 0 0 0 0 0 0 0 0
3. 1990 xxx xxx xxx 0 0 0 0 0 0 0
4. 1991 xxx xxx xxx xxx 0 0 0 0 0 0
5. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0
6. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0
7. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0
8. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 0 0
9. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 0
===================================================================================================================================
</TABLE>
SCHEDULE P - PART 40 - REINSURANCE B
NONE
SCHEDULE 4P - REINSURANCE C
NONE
SCHEDULE P - PART 4Q - REINSURANCE D
NONE
<PAGE>
PAGE 112
SCHEDULE P - PART 4R - Section 1
NONE
SCHEDULE P - PART 4R - Section 2
NONE
SCHEDULE P - PART 4S
NONE
<PAGE>
PAGE 113
SCHEDULE P - PART 5A - Section 1
NONE
SCHEDULE P - PART 5A - Section 2
NONE
SCHEDULE P - PART 5A - Section 3
NONE
<PAGE>
PAGE 114
SCHEDULE P - PART 5B - Section 1
NONE
SCHEDULE P - PART 5B - Section 2
NONE
SCHEDULE P - PART 5B - Section 3
NONE
<PAGE>
PAGE 115
<TABLE>
<CAPTION>
SCHEDULE P - PART 5C - COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
SECTION 1
====================================================================================================================================
(1) CUMULATIVE NUMBER OF CLAIMS CLOSED WITH LOSS PAYMENT DIRECT AND ASSUMED AT YEAR END
Years in
Which
Premiums
Were Earned
and Losses
Were
Incurred
---------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0
9. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 3 3
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 1
====================================================================================================================================
<CAPTION>
SECTION 2
====================================================================================================================================
(1) NUMBER OF CLAIMS OUTSTANDING DIRECT AND ASSUMED AT YEAR END
Years in
Which
Premiums
Were Earned
and Losses
Were
Incurred
--------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0
9. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 2 2
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 0
====================================================================================================================================
<CAPTION>
SECTION 3
===================================================================================================================================
(1) CUMULATIVE NUMBER OF CLAIMS REPORTED DIRECT AND ASSUMED AT YEAR END
Years in
Which
Premiums
Were Earned
and Losses
Were
Incurred
--------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0
9. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 6 6
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 1
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 116
SCHEDULE P - PART 5D - Section 1
NONE
SCHEDULE P - PART 5D - Section 2
NONE
SCHEDULE P - PART 5D - Section 3
NONE
<PAGE>
PAGE 117
SCHEDULE P - PART 5E - Section 1
NONE
SCHEDULE P - PART 5E - Section 2
NONE
SCHEDULE P - PART 5E - Section 3
NONE
<PAGE>
PAGE 118
SCHEDULE P - PART 5F - Section 1A
NONE
SCHEDULE P - PART 5F - Section 2A
NONE
SCHEDULE P - PART 5F - Section 3A
NONE
<PAGE>
PAGE 119
SCHEDULE P - PART 5F - Section 1B
NONE
SCHEDULE P - PART 5F - Section 2B
NONE
SCHEDULE P - PART 5F - Section 3B
NONE
<PAGE>
PAGE 120
<TABLE>
<CAPTION>
SCHEDULE P - PART 5H - OTHER LIABILITY - OCCURRENCE
SECTION 1A
====================================================================================================================================
(1) CUMULATIVE NUMBER OF CLAIMS CLOSED WITH LOSS PAYMENT DIRECT AND ASSUMED AT YEAR END
Years in
Which
Premiums
Were Earned
and Losses
Were
Incurred
---------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 4 27 133 208 291 363 380 421
5. 1990 xxx xxx xxx 3 22 78 157 241 257 289
6. 1991 xxx xxx xxx xxx 1 29 91 160 206 281
7. 1992 xxx xxx xxx xxx xxx 2 25 64 111 161
8. 1993 xxx xxx xxx xxx xxx xxx 0 9 36 64
9. 1994 xxx xxx xxx xxx xxx xxx xxx 2 12 32
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 24 36
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 3
====================================================================================================================================
<CAPTION>
SECTION 2A
==================================================================================================================================
(1) NUMBER OF CLAIMS OUTSTANDING DIRECT AND ASSUMED AT YEAR END
Years in
Which
Premiums
Were Earned
and Losses
Were
Incurred
---------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 3446 3476 3405 3302 3111 2957 2986 2593 2538 2162
2. 1987 70 114 121 114 108 145 41 40 37 19
3. 1988 xxx 193 391 447 357 365 250 175 168 80
4. 1989 xxx xxx 214 435 437 469 312 225 178 84
5. 1990 xxx xxx xxx 150 330 385 318 252 184 113
6. 1991 xxx xxx xxx xxx 171 350 324 323 265 152
7. 1992 xxx xxx xxx xxx xxx 144 217 235 194 120
8. 1993 xxx xxx xxx xxx xxx xxx 82 160 161 151
9. 1994 xxx xxx xxx xxx xxx xxx xxx 44 110 113
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 27 53
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 32
====================================================================================================================================
<CAPTION>
SECTION 3A
===================================================================================================================================
(1) CUMULATIVE NUMBER OF CLAIMS REPORTED DIRECT AND ASSUMED AT YEAR END
Years in
Which
Premiums
Were Earned
and Losses
Were
Incurred
---------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0
4. 1989 xxx 240 507 638 749 749 751 767 774 781
5. 1990 xxx xxx 171 407 530 530 642 703 705 769
6. 1991 xxx xxx xxx 187 448 448 565 663 786 811
7. 1992 xxx xxx xxx xxx 154 154 326 408 504 535
8. 1993 xxx xxx xxx xxx xxx xxx 89 192 241 296
9. 1994 xxx xxx xxx xxx xxx xxx xxx 46 122 193
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 51 97
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 37
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 121
<TABLE>
<CAPTION>
SCHEDULE P - PART 5H - OTHER LIABILITY - CLAIMS MADE
SECTION 1B
====================================================================================================================================
(1) CUMULATIVE NUMBER OF CLAIMS CLOSED WITH LOSS PAYMENT DIRECT AND ASSUMED AT YEAR END
Years in
Which
Premiums
Were Earned
and Losses
Were
Incurred
---------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 1 3 12 17 25 29 36
5. 1990 xxx xxx xxx 0 1 8 16 23 31 36
6. 1991 xxx xxx xxx xxx 0 3 10 15 21 26
7. 1992 xxx xxx xxx xxx xxx 2 4 11 16 20
8. 1993 xxx xxx xxx xxx xxx xxx 0 9 18 23
9. 1994 xxx xxx xxx xxx xxx xxx xxx 2 7 10
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 1 5
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 1
===================================================================================================================================
<CAPTION>
SECTION 2B
===================================================================================================================================
(1) NUMBER OF CLAIMS OUTSTANDING DIRECT AND ASSUMED AT YEAR END
Years in
Which
Premiums
Were Earned
and Losses
Were
Incurred
---------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0
2. 1987 58 81 87 99 113 121 131 108 105 89
3. 1988 xxx 40 51 56 61 70 73 39 32 31
4. 1989 xxx xxx 52 61 68 61 65 49 39 21
5. 1990 xxx xxx xxx 46 59 59 53 44 36 23
6. 1991 xxx xxx xxx xxx 28 47 45 38 31 20
7. 1992 xxx xxx xxx xxx xxx 27 46 36 30 21
8. 1993 xxx xxx xxx xxx xxx xxx 23 32 30 23
9. 1994 xxx xxx xxx xxx xxx xxx xxx 19 20 16
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 21 26
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 11
===================================================================================================================================
<CAPTION>
SECTION 3B
=================================================================================================================================
(1) CUMULATIVE NUMBER OF CLAIMS REPORTED DIRECT AND ASSUMED AT YEAR END
Years in
Which
Premiums
Were Earned
and Losses
Were
Incurred
---------------------------------------------------------------------------------------------------------------------
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 52 62 71 73 82 91 101 112
5. 1990 xxx xxx xxx 46 60 67 69 73 109 152
6. 1991 xxx xxx xxx xxx 28 50 55 57 89 113
7. 1992 xxx xxx xxx xxx xxx 29 50 53 70 70
8. 1993 xxx xxx xxx xxx xxx xxx 24 44 54 55
9. 1994 xxx xxx xxx xxx xxx xxx xxx 22 29 37
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 22 39
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 12
===================================================================================================================================
</TABLE>
<PAGE>
PAGE 122
SCHEDULE P - PART 5R - Section 1A
NONE
SCHEDULE P - PART 5R - Section 2A
NONE
SCHEDULE P - PART 5R - Section 3A
NONE
<PAGE>
PAGE 123
SCHEDULE P - PART 5R - Section 1B
NONE
SCHEDULE P - PART 5R - Section 2B
NONE
SCHEDULE P - PART 5R - Section 3B
NONE
<PAGE>
PAGE 124
<TABLE>
<CAPTION>
SCHEDULE P - PART 6C
COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
SECTION 1
====================================================================================================================================
(1) CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED) (12)
Years in Which
Premiums Were Current
Earned and Losses year
Were Incurred Premiums
-------------------------------------------------------------------------------------------------- Earned
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0 0
9. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0 0
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 36 40 4
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 0 0
12. Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx 4
13. Earned Premiums 0 0 0 0 0 0 0 0 36 4 xxx
(Sch P.Pt 1)
====================================================================================================================================
<CAPTION>
SECTION 2
====================================================================================================================================
(1) CUMULATIVE PREMIUMS EARNED CEDED AT YEAR END ($000 OMITTED) (12)
Years in Which
Premiums Were Current
Earned and Losses year
Were Incurred Premiums
--------------------------------------------------------------------------------------------------- Earned
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0 0
9. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0 0
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 3 5 2
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 0 0
12. Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx 2
13. Earned Premiums 0 0 0 0 0 0 0 0 3 2 xxx
(Sch P.Pt 1)
====================================================================================================================================
SCHEDULE P - PART 6D - WORKERS' COMPENSATION - SECTION 1
NONE
SCHEDULE P - PART 6D - WORKERS' COMPENSATION - SECTION 2
NONE
</TABLE>
<PAGE>
PAGE 125
<TABLE>
<CAPTION>
SCHEDULE P - PART 6E - COMMERCIAL MULTIPLE RENT
Section 1
NONE
SCHEDULE P - PART 6E - Section 2
NONE
SCHEDULE P - PART 6H - OTHER LIABILITY - OCCURRENCE
SECTION 1A
===================================================================================================================================
(1) CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED) (12)
Years in Which
Premiums Were Earned Current
and Losses Were year
Incurred Premiums
------------------------------------------------------------------------------------------------------ Earned
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 4979 9435 9690 9722 32
9. 1994 xxx xxx xxx xxx xxx xxx xxx 3532 6104 6239 135
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 1450 3066 1616
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 1427 1427
12. Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx 3210
13. Earned Premiums 4924 22264 30497 29819 25877 17471 12003 7739 4517 3305 xxx
(Sch P.Pt 1)
====================================================================================================================================
<CAPTION>
SECTION 2A
====================================================================================================================================
(1) CUMULATIVE PREMIUMS EARNED CEDED AT YEAR END ($000 OMITTED) (12)
Years in Which
Premiums Were Earned Current
and Losses Were year
Incurred Premiums
----------------------------------------------------------------------------------------------------- Earned
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 549 1422 1415 1422 7
9. 1994 xxx xxx xxx xxx xxx xxx xxx 392 33 35 2
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 38 106 68
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 5 5
12. Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx 82
13. Earned Premiums 2952 10018 14177 10899 5962 2251 1329 857 224 92 xxx
(Sch P.Pt 1)
====================================================================================================================================
</TABLE>
<PAGE>
PAGE 126
<TABLE>
<CAPTION>
SCHEDULE P - PART 6H - OTHER LIABILITY - CLAIMS MADE
SECTION 1B
====================================================================================================================================
(1) CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED) (12)
Years in Which
Premiums Were Earned Current
and Losses Were year
Incurred Premiums
------------------------------------------------------------------------------------------------- Earned
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 2926 5355 5403 5431 28
9. 1994 xxx xxx xxx xxx xxx xxx xxx 2045 4085 4151 66
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 1820 3482 1662
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 1415 1415
12. Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx 3171
13. Earned Premiums 9931 13920 16090 15300 12415 8205 6218 4583 3933 3194 xxx
(Sch P.Pt 1)
==================================================================================================================================
<CAPTION>
SECTION 2B
====================================================================================================================================
(1) CUMULATIVE PREMIUMS EARNED CEDED AT YEAR END ($000 OMITTED) (12)
Years in Which
Premiums Were Earned Current
and Losses Were year
Incurred Premiums
--------------------------------------------------------------------------------------------------- Earned
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Prior 0 0 0 0 0 0 0 0 0 0 0
2. 1987 0 0 0 0 0 0 0 0 0 0 0
3. 1988 xxx 0 0 0 0 0 0 0 0 0 0
4. 1989 xxx xxx 0 0 0 0 0 0 0 0 0
5. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0
6. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0
7. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0
8. 1993 xxx xxx xxx xxx xxx xxx 250 457 455 462 7
9. 1994 xxx xxx xxx xxx xxx xxx xxx 143 191 193 2
10. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 35 39 4
11. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 32 32
12. Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx 45
13. Earned Premiums 2589 6561 6692 5893 3201 993 422 262 204 52 xxx
(Sch P.Pt 1)
====================================================================================================================================
SCHEDULE P - PART 6M - INTERNATIONAL
Section 1
NONE
SCHEDULE P - PART 6M - Section 2
NONE
</TABLE>
<PAGE>
PAGE 127
<TABLE>
<CAPTION>
SCHEDULE P - PART 6N - REINSURANCE A
SECTION 1
====================================================================================================================================
(1) CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED) (12)
Years in Which
Premiums Were Earned Current
and Losses Were year
Incurred Premiums
------------------------------------------------------------------------------------------------- Earned
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. 1988 xxx 0 0 0 0 0 0 0 0 0 0
2. 1989 xxx xxx 0 0 0 0 0 0 0 0 0
3. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0
4. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0
5. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0
6. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0 0
7. 1994 xxx xxx xxx xxx xxx xxx xxx 25 24 24 0
8. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 111 136 25
9. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 258 257
10. Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx 282
11. Earned Premiums 0 0 0 0 0 0 0 25 110 282 xxx
(Sch P.Pt 1)
====================================================================================================================================
<CAPTION>
SECTION 2
====================================================================================================================================
CUMULATIVE PREMIUMS EARNED CEDED AT YEAR END ($000 OMITTED) (12)
Years in Which
Premiums Were Earned Current
and Losses Were year
Incurred Premiums
------------------------------------------------------------------------------------------------- Earned
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. 1988 xxx 0 0 0 0 0 0 0 0 0 0
2. 1989 xxx xxx 0 0 0 0 0 0 0 0 0
3. 1990 xxx xxx xxx 0 0 0 0 0 0 0 0
4. 1991 xxx xxx xxx xxx 0 0 0 0 0 0 0
5. 1992 xxx xxx xxx xxx xxx 0 0 0 0 0 0
6. 1993 xxx xxx xxx xxx xxx xxx 0 0 0 0 0
7. 1994 xxx xxx xxx xxx xxx xxx xxx 0 0 0 0
8. 1995 xxx xxx xxx xxx xxx xxx xxx xxx 0 0 0
9. 1996 xxx xxx xxx xxx xxx xxx xxx xxx xxx 2 2
10. Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx 2
11. Earned Premiums 0 0 0 0 0 0 0 0 1 2 xxx
(Sch P.Pt 1)
====================================================================================================================================
SCHEDULE P - PART 60 - REINSURANCE B
Section 1
NONE
SCHEDULE P - PART 60 - Section 2
NONE
</TABLE>
<PAGE>
PAGE 128
SCHEDULE P - PART 6R - Section 1A
NONE
SCHEDULE P - PART 6R - Section 2A
NONE
SCHEDULE P - PART 6R - Section 1B
NONE
SCHEDULE P - PART 6R - Section 2B
NONE
<PAGE>
PAGE 129
SCHEDULE P - PART 7A - Section 1
NONE
SCHEDULE P - PART 7A - Section 2
NONE
SCHEDULE P - PART 7A - Section 3
NONE
<PAGE>
PAGE 130
SCHEDULE P - PART 7A - Section 4
NONE
SCHEDULE P - PART 7A - Section 5
NONE
<PAGE>
PAGE 131
SCHEDULE P - PART 7B - Section 1
NONE
SCHEDULE P - PART 7B - Section 2
NONE
SCHEDULE P - PART 7B - Section 3
NONE
<PAGE>
PAGE 132
SCHEDULE P - PART 7B - Section 4
NONE
SCHEDULE P - PART 7B - Section 5
NONE
SCHEDULE P - PART 7B - Section 6
NONE
SCHEDULE P - PART 7B - Section 7
NONE
