| |
Operating
Highlights |
Year
Ended : |
2003 |
2004 |
2005 |
2006 |
|
|
| |
|
|
|
|
|
|
|
| |
Gross
Written Premiums |
44,393,166 |
60,278,389 |
62,081,392 |
55,539,348 |
|
|
| |
Net
Written Premiums |
37,957,671 |
51,010,553 |
52,982,313 |
46,274,200 |
|
|
| |
Premiums
Earned |
37,357,931 |
48,061,703 |
51,446,497 |
50,659,307 |
|
|
| |
Operating
Earnings Before Taxes & Capital Gains |
7,404,869 |
7,443,587 |
8,534,293 |
10,265,890 |
|
|
| |
Net
Earnings After Taxes & Capital Gains |
5,374,508 |
5,464,768 |
5,831,887 |
4,702,524 |
|
|
| |
Dividends
Paid |
3,600,000 |
3,600,000 |
5,100,000 |
3,600,000 |
|
|
| |
Losses
and Loss Expense Ratio |
56.2% |
51.6% |
48.3% |
46.3% |
|
|
| |
Underwriting
Expense |
38.1% |
42.5% |
44.6% |
46.5% |
|
|
| |
Combined
Ratio |
94.3% |
94.1% |
92.9% |
92.8% |
|
|
| |
|
|
|
|
|
|
|
|
|
