-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O8eZS6SmNcg/y87KhVFYXz3DBP1KK6OlThzsPN2Af3NWBj/S9a5zeUX2KBQEydte Tok/dADbu9IqCG8o4uFWwg== 0000893220-01-500483.txt : 20010723 0000893220-01-500483.hdr.sgml : 20010723 ACCESSION NUMBER: 0000893220-01-500483 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010718 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PHILADELPHIA CONSOLIDATED HOLDING CORP CENTRAL INDEX KEY: 0000909109 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 232202671 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22280 FILM NUMBER: 1684925 BUSINESS ADDRESS: STREET 1: ONE BALA PLAZA STREET 2: SUITE 100 CITY: WYNNEWOOD STATE: PA ZIP: 19004 BUSINESS PHONE: 6106428400 MAIL ADDRESS: STREET 1: ONE BALA PLAZA STREET 2: SUITE 100 CITY: BALA CYNWYD STATE: PA ZIP: 19004 FORMER COMPANY: FORMER CONFORMED NAME: MAGUIRE HOLDING CORP DATE OF NAME CHANGE: 19930714 8-K 1 w51644e8-k.txt FORM 8-K CURRENT REPORT DATED JULY 18, 2001 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): July 18, 2001 Philadelphia Consolidated Holding Corp. (Exact Name of Registrant as Specified in Charter) Pennsylvania 0-22280 23-2202671 (State or Other Jurisdiction (Commission (IRS Employer' of Incorporation) File Number) Identification No.) One Bala Plaza, Suite 100, Bala Cynwyd, PA 19004 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (610) 617-7900 2 ITEM 5. OTHER EVENTS. The Registrant is filing this Current Report on Form 8-K solely for the purpose of providing the supplementary data set forth in the Exhibit listed in Item 7(c) below. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) Financial Statements of Business Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Exhibits. Exhibit 99.1 Supplementary Financial Data: - Summary Segment Totals - for the six months ended June 30, 2001 and 2000. - Summary Segment Totals - for the second quarter ended June 30, 2001 and 2000. - Additional Supplemental Information - for the six and three months ended June 30, 2001 and 2000. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Philadelphia Consolidated Holding Corp. ---------------------------------------- (Registrant) Dated: July 20, 2001 By: /s/ Craig P. Keller ------------------------------------------- Craig P. Keller Senior Vice President, Secretary, Treasurer and Chief Financial Officer 3 EXHIBIT INDEX
Exhibit Description Method of Filing - ------- ----------- ---------------- 99.1 Supplementary Financial Data dated July 18, 2001 Filed electronically herewith.
EX-99.1 2 w51644ex99-1.txt SUPPLEMENTARY FINANCIAL DATA DATED JULY 18, 2001 1 PHILADELPHIA CONSOLIDATED HOLDING CORP. AND SUBSIDIARIES SUMMARY SEGMENT TOTALS FOR THE SIX MONTHS ENDED JUNE 30, 2001 AND 2000 (IN THOUSANDS)
06/30/01 06/30/00 2001 VS. 2000 06/30/01 06/30/00 2001 VS. 2000 GROSS GROSS % GROSS GROSS % WRITTEN WRITTEN INCREASE EARNED EARNED INCREASE PREMIUMS PREMIUMS (DECREASE) PREMIUMS PREMIUMS (DECREASE) -------- -------- ------------- -------- -------- ------------- COMMERCIAL LINES 135,590 103,861 30.5% 125,785 100,865 24.7% SPECIALTY LINES 41,598 33,598 23.8% 35,168 26,893 30.8% PERSONAL LINES 47,519 29,530 60.9% 31,479 23,938 31.5% ------- ------- ------- ------- ------- ------- TOTAL 224,707 166,989 34.6% 192,432 151,696 26.9% ======= ======= ======= ======= ======= =======
06/30/01 06/30/00 2001 VS. 2000 06/30/01 06/30/00 2001 VS. 2000 NET NET % NET NET % WRITTEN WRITTEN INCREASE EARNED EARNED INCREASE PREMIUMS PREMIUMS (DECREASE) PREMIUMS PREMIUMS (DECREASE) -------- -------- ------------- -------- -------- ------------- COMMERCIAL LINES 94,305 66,649 41.5% 86,078 64,473 33.5% SPECIALTY LINES 36,732 34,668 6.0% 32,711 25,348 29.0% PERSONAL LINES 28,585 16,496 73.3% 19,438 13,097 48.4% ------- ------- ------- ------- ------- ------- TOTAL 159,623 117,812 35.5% 138,226 102,918 34.3% ======= ======= ======= ======= ======= =======
2 PHILADELPHIA CONSOLIDATED HOLDING CORP. AND SUBSIDIARIES SUMMARY SEGMENT TOTALS FOR THE 2nd QUARTER ENDED JUNE 30, 2001 AND 2000 (IN THOUSANDS)
06/30/01 06/30/00 2001 VS. 2000 06/30/01 06/30/00 2001 VS. 2000 GROSS GROSS % GROSS GROSS % WRITTEN WRITTEN INCREASE EARNED EARNED INCREASE PREMIUMS PREMIUMS (DECREASE) PREMIUMS PREMIUMS (DECREASE) -------- -------- ------------- -------- -------- ------------- COMMERCIAL LINES 75,200 59,090 27.3% 66,570 54,075 23.1% SPECIALTY LINES 21,015 17,368 21.0% 18,279 14,352 27.4% PERSONAL LINES 24,459 13,385 82.7% 16,366 12,346 32.6% ------- ------- ------- ------- ------- ------- TOTAL 120,674 89,843 34.3% 101,215 80,774 25.3% ======= ======= ======= ======= ======= ======= 06/30/01 06/30/00 2001 VS. 2000 06/30/01 06/30/00 2001 VS. 2000 NET NET % NET NET % WRITTEN WRITTEN INCREASE EARNED EARNED INCREASE PREMIUMS PREMIUMS (DECREASE) PREMIUMS PREMIUMS (DECREASE) -------- -------- ------------- -------- -------- ------------- COMMERCIAL LINES 52,495 37,756 39.0% 44,660 33,845 32.0% SPECIALTY LINES 18,847 16,602 13.5% 16,855 13,627 23.7% PERSONAL LINES 11,194 5,326 110.2% 10,189 6,819 49.4% ------- ------- ------- ------- ------- ------- TOTAL 82,536 59,684 38.3% 71,704 54,292 32.1% ======= ======= ======= ======= ======= =======
3 PHILADELPHIA CONSOLIDATED HOLDING CORP. AND SUBSIDIARIES ADDITIONAL SUPPLEMENTAL INFORMATION FOR THE SIX AND THREE MONTHS ENDED JUNE 30, 2001 AND 2000 (IN THOUSANDS) NET LOSS AND LOSS ADJUSTMENT EXPENSES:
THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, -------------------- --------------------- PRODUCTS 2001 2000 2001 2000 ------- ------- ------- ------- COMMERCIAL LINES $27,097 $19,943 $51,510 $37,575 SPECIALTY LINES 10,586 8,534 20,604 15,892 PERSONAL LINES 5,183 3,496 9,904 6,745 ------- ------- ------- ------- TOTAL NET LOSS AND LOSS ADJUSTMENT EXPENSES $42,866 $31,973 $82,018 $60,212 ======= ======= ======= =======
NET LOSS & LAE RESERVES @ JUNE 30, 2001 $222,877 ======== STATUTORY SURPLUS - JUNE 30, 2001 $200,164 ======== TAXABLE EQUIVALENT YIELD @ JUNE 30, 2001 7.2% -------- PORTFOLIO DURATION @ JUNE 30, 2001 3.2 YRS -------- SHARES REPURCHASED DURING THE SIX MONTHS ENDED JUNE 30, 2001 0 ========
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