EX-99.4 5 w20335exv99w4.htm FIRST QUARTER 2006 ADDITIONAL SUPPLEMENTAL INFORMATION exv99w4
 

PHILADELPHIA INSURANCE COMPANIES ADDITIONAL SUPPLEMENTAL INFORMATION FOR THE THREE MONTHS ENDED MARCH 31, 2006 (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 Three Months Ended  
    March 31,             March 31,        
PRODUCTS   2006     2005     2006     2005  
COMMERCIAL LINES
   $ 110,798     $ 90,297     $ 62,676     $ 56,508  
SPECIALTY LINES
     26,819       25,832       14,454       12,209  
PERSONAL LINES
     6,048       10,342       5,191       6,450  
 
                        
 
                                
TOTAL
   $ 143,665     $ 126,471     $ 82,321     $ 75,167  
 
                        
 
                                
WHOLE ACCOUNT NET QUOTA SHARE REINSURANCE COMMUTATIONS
     0       0       (31,804 )     (64,283 )
 
                        
 
                                
TOTAL NET LOSS AND LOSS ADJUSTMENT EXPENSES
   $ 143,665     $ 126,471     $ 50,517     $ 10,884  
 
                        
 
                                
Net Loss & Lae Reserves @ March 31, 2006
           $ 1,034,143                  
 
                              
 
                                
Taxable Equivalent Yield @ March 31, 2006
             5.0 %                
 
                              
 
                                
Portfolio Duration @ March 31, 2006
           4.2 yrs                
 
                              
 
                                
Book Value Per Common Share @ March 31, 2006
           $ 12.52                  
 
                              
 
                                
Shares Repurchased During the Three Months Ended March 31, 2006
             0                  
 
                              
 
(1)   During February 2006 and 2005, the Company entered into Reinsurance Commutation and Release Agreements effective as of January 1, 2006 and 2005 with respect to the 2004 and 2003 Whole Account Net Quota Share Reinsurance contracts. As a result of these commutations, the Company increased its Net Unpaid Loss and Loss Adjustment Expenses and decreased its Net Paid Loss and Loss Adjustment Expenses by $31.8 million and $64.3 million for the three months ended March 31 2006 and 2005, respectively.