EX-99.5 6 w13942exv99w5.htm THIRD QUARTER 2005 ADDITIONAL SUPPLEMENTAL INFORMATION exv99w5
 

Exhibit 99.5
PHILADELPHIA INSURANCE COMPANIES
ADDITIONAL SUPPLEMENTAL INFORMATION
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 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 Nine Months Ended     For The Three Months Ended     For The Nine Months Ended  
    September 30,     September 30,     September 30,     September 30,  
PRODUCTS   2005     2004     2005     2004     2005     2004     2005     2004  
COMMERCIAL LINES
   $ 107,237     $ 70,023     $ 280,161     $ 225,016     $ 53,297     $ 45,922     $ 113,160     $ 138,526  
SPECIALTY LINES
     25,535       52,280       75,276       92,033       10,763       12,548       14,922       41,091  
PERSONAL LINES
     9,087       25,466       28,695       34,280       9,779       13,541       24,831       22,003  
 
                                                
TOTAL NET LOSS AND LOSS ADJUSTMENT EXPENSES
   $ 141,859     $ 147,769     $ 384,132     $ 351,329     $ 73,839     $ 72,011     $ 152,913     $ 201,620  
 
                                                
 
                                                                
Net Loss & Lae Reserves @ September 30, 2005
           $ 902,939                                                  
 
                                                              
 
                                                                
Taxable Equivalent Yield @ September 30, 2005
             4.8 %                                                
 
                                                              
 
                                                                
Portfolio Duration @ September 30, 2005
           4.1 yrs                                                
 
                                                              
 
                                                                
Book Value Per Common Share @ September 30, 2005
           $ 34.14                                                  
 
                                                              
 
                                                                
Shares Repurchased During the Three Months Ended September 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.