Supplementary Insurance Information

12 Months Ended

Dec. 31, 2013

SCHEDULE III

THE NAVIGATORS GROUP, INC. AND SUBSIDIARIES

Supplementary Insurance Information


In thousands	Deferred policy acquisition costs		Reserve for losses and loss adjustment expenses		Unearned premiums		Other policy claims and benefits payable		Net earned premiums		Net investment income ⁽¹⁾		Losses and loss adjustment expenses incurred		Amortization of deferred policy acquisition costs ⁽²⁾		Other operating expenses ⁽¹⁾		Net written premiums
Year ended December 31, 2013
Insurance Companies	$	54,984	$	1,523,175	$	536,303	$	—	$	639,338	$	49,083	$	415,413	$	81,132	$	119,920	$	680,008
Lloyd’s Operations		12,023		521,896		178,303		—		202,601		7,160		103,548		34,710		44,514		207,914

	$	67,007	$	2,045,071	$	714,606	$	—	$	841,939	$	56,243	$	518,961	$	115,842	$	164,434	$	887,922

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

(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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