EX-99.5 6 w11217exv99w5.htm SECOND QUARTER 2005 ADDITIONAL SUPPLEMENTAL INFORMATION exv99w5
 

Exhibit 99.5
PHILADELPHIA INSURANCE COMPANIES
ADDITIONAL SUPPLEMENTAL INFORMATION
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2005 AND 2004
(IN THOUSANDS)
NET LOSS AND LOSS ADJUSTMENT EXPENSES:
                                                               
    Net Incurred Loss and Loss Adjustment Expenses   (1) Net Paid Loss and Loss Adjustment Expenses
    For The Three Months Ended   For The Six Months Ended   For The Three Months Ended   For The Six Months Ended
    June 30,   June 30,   June 30,   June 30,
PRODUCTS   2005   2004   2005   2004   2005   2004   2005   2004
COMMERCIAL LINES
   $ 83,238     $ 81,083     $ 172,924     $ 154,991     $ 49,426     $ 45,960     $ 59,863     $ 92,584
SPECIALTY LINES
     23,878       21,699       49,741       39,754       10,458       14,398       4,159       28,563
PERSONAL LINES
     8,686       4,535       19,608       8,815       8,306       4,822       15,052       8,462
 
                                                              
TOTAL NET LOSS AND LOSS ADJUSTMENT EXPENSES
   $ 115,802     $ 107,317     $ 242,273     $ 203,560     $ 68,190     $ 65,180     $ 79,074     $ 129,609
 
                                                              
         
Net Loss & Lae Reserves @ June 30, 2005
   $ 834,918  
 
        
 
Taxable Equivalent Yield @ June 30, 2005
     4.8 %
 
        
 
Portfolio Duration @ June 30, 2005
   4.1 yrs  
 
        
 
Book Value Per Common Share @ June 30, 2005
   $ 32.98  
 
        
 
Shares Repurchased During the Three Months Ended June 30, 2005
     0  
 
        
 
(1)   During February 2005, the Company entered into a Reinsurance Commutation and Release Agreement effective as of January 1, 2005 with respect to the 2003 Whole Account Net Quota Share Reinsurance contract. As a result of this commutation, the Company increased its Net Unpaid Loss and Loss Adjustment Expenses and decreased its Net Paid Loss and Loss Adjustment Expenses by $64.3 million.