Supplementary Insurance Information

12 Months Ended

Dec. 31, 2012

SCHEDULE III

THE NAVIGATORS GROUP, INC. AND SUBSIDIARIES

Supplementary Insurance Information


			Reserve										Losses		Amortization
	Deferred		for losses				Other policy						and loss		of deferred
	policy		and loss				claims and		Net		Net		adjustment		policy		Other		Net
	acquisition		adjustment		Unearned		benefits		earned		investment		expenses		acquisition		operating		written
In thousands	costs		expenses		premiums		payable		premiums		income ⁽¹⁾		incurred		costs ⁽²⁾		expenses ⁽¹⁾		premiums
Year ended December 31, 2012
Insurance Companies	$	48,294	$	1,567,045	$	470,425	$	—	$	571,439	$	46,549	$	417,082	$	81,370	$	113,625	$	622,956
Lloyd’s Operations		12,711		530,003		171,982		—		210,525		7,551		80,351		42,449		45,454		210,699

	$	61,005	$	2,097,048	$	642,407	$	—	$	781,964	$	54,100	$	497,433	$	123,819	$	159,079	$	833,655

Year ended December 31, 2011
Insurance Companies	$	47,298	$	1,517,331	$	384,596	$	—	$	472,463	$	54,164	$	341,625	$	64,165	$	101,517	$	542,391
Lloyd’s Operations		16,686		565,348		148,032		—		219,182		8,955		135,372		48,341		36,512		211,407

	$	63,984	$	2,082,679	$	532,628	$	—	$	691,645	$	63,119	$	476,997	$	112,506	$	138,029	$	753,798

Year ended December 31, 2010
Insurance Companies	$	33,273	$	1,433,556	$	318,119	$	—	$	438,851	$	62,792	$	280,120	$	59,122	$	106,631	$	429,355
Lloyd’s Operations		21,928		552,282		145,396		—		221,080		8,286		141,035		49,991		33,112		224,583

	$	55,201	$	1,985,838	$	463,515	$	—	$	659,931	$	71,078	$	421,155	$	109,113	$	139,743	$	653,938

(1) —

Net investment income and Other operating expenses reflect only such amounts attributable to the Company’s insurance operations.

(2) —

Amortization of deferred policy acquisition costs reflects only such amounts attributable to the Company’s insurance operations. A portion of these costs is eliminated in consolidation.

- Definition

The entire disclosure for required supplementary insurance information giving segment detail in support of various balance sheet and income statement captions. The balance sheet information generally is presented as of the date of each audited balance sheet filed, and the income statement information generally is presented for each period for which an audited income statement is required to be filed. Supplementary insurance information table includes segment name; deferred policy acquisition costs; future policy benefits, losses, claims and loss expenses; unearned premiums; other policy claims and benefits payable; premium revenue; net investment income; benefits, claims, losses and settlement expenses; amortization of deferred policy acquisition costs; other operating expenses; and premiums written.

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