| Net premiums earned ($000) |
$62,575,078 |
| Components of underwriting |
As a percent of net
premiums earned |
| Incurred losses |
80.8% |
| Loss adjustment expenses |
11.2 |
| Total loss and loss adjustment expenses |
92.0% |
| Commissions and brokerage expenses incurred |
12.7 |
| Other underwriting expenses incurred |
17.7 |
| Total underwriting expenses incurred |
122.4% |
| Dividends to policyholders |
0.4 |
Investment gains on funds attributable to
insurance transactions and other income |
2.9 |
| Combined ratio after dividends |
122.3 |
| Overall operating ratio (2) |
119.4 |