EX-99.5 6 w17300exv99w5.htm FOURTH QUARTER 2005 ADDITIONAL SUPPLEMENTAL INFORMATION exv99w5
 

PHILADELPHIA INSURANCE COMPANIES
ADDITIONAL SUPPLEMENTAL INFORMATION
FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 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 Twelve Months Ended     For The Three Months Ended     For The Twelve Months Ended  
    December 31,     December 31,     December 31,     December 31,  
PRODUCTS   2005     2004     2005     2004     2005     2004     2005     2004  
COMMERCIAL LINES
   $ 94,818     $ 78,832     $ 375,590     $ 303,847     $ 57,724     $ 49,853     $ 172,257     $ 188,358  
SPECIALTY LINES
     18,579       31,564       93,824       123,597       13,511       11,604       28,433       52,715  
PERSONAL LINES
     6,477       14,390       34,592       48,671       10,582       22,815       34,040       44,818  
 
                                                
TOTAL NET LOSS AND LOSS ADJUSTMENT EXPENSES
   $ 119,874     $ 124,786     $ 504,006     $ 476,115     $ 81,817     $ 84,272     $ 234,730     $ 285,891  
 
                                                
         
Net Loss & Lae Reserves @ December 31, 2005
   $ 940,995  
 
      
 
        
Taxable Equivalent Yield @ December 31, 2005
     4.8 %
 
      
 
        
Portfolio Duration @ December 31, 2005
   4.0 yrs
 
      
 
        
Book Value Per Common Share @ December 31, 2005
   $ 35.36  
 
      
 
        
Shares Repurchased During the Three Months Ended December 31, 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.