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James Marta CPA, CGMA, ARPMManaging Partner
James Marta & Company LLP
How do you measure up to others?Should you be the same as others?What do you want to respond to?
new membersnew retentionnew exposures
How do you avoid ruin?
Happy members Happy pool◦ Risk / Exposure◦ Variability
Ability to respond Program metrics◦ Deliverables - services◦ Loss statistics
Benchmarking assumes there is a standardBest practices How are you doing Measure to others Measure to standards Measure to regulations Avoid ruin – can you quantify ruin Provide stability
LOST WORK DAYS PER CLAIM PER FISCAL YEAR
RATES VERSUS DIVIDENDS
7
What activities are driving this?
Return to work programs
Chart2
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
Number of days
21
17
17
16
11
7
Sheet1
2000-0121
2001-0217
2002-0317
2003-0416
2004-0511
2005-067
Sheet1
Fiscal year
Number of days
Lost work days per claim
Sheet2
Sheet3
Chart2
99-0099-00
00-0100-01
01-0201-02
02-0302-03
03-0403-04
04-0504-05
05-0605-06
06-0706-07
&A
Page &P
$
Rates
Dividends
3.76
260588
3.88
255000
3.94
365000
4.2
750000
4.84
0
5.03
0
4.84
1600000
4.19
Sheet1
WC Rates vs Dividends
99-0000-0101-0202-0303-0404-0505-0606-07
Rates3.763.883.944.204.845.034.844.19
Dividends260,588255,000365,000750,000001,600,000
&F
Page &P
Injury Rates
Police Injury History
8
Evidence based decision making
Sell this to members by Return On Investment (ROI)
Chart1
99-0099-00
00-0100-01
01-0201-02
02-0302-03
03-0403-04
04-0504-05
05-0605-06
Per $10M Payroll
Per 100 FTE
40.1
31.6
27.3
28.4
15.3
27.2239425567
15
23.5
12.6
12.1
Sheet1
Workers' Compensation New Claims Submitted Calendar Year 1999 vs. 2000FY 04-05 YTDFY 03-04FY 02-0301-0203-041359840602-03
J-99F-99M-99A-99M-99J-99J-99A-99S-99O-99N-99D-99J-00F-00M-00A-00M-00J-00J-00A-00S-00O-00N-00D-00J-01F-01M-01A-01M-01J-01J-03A-03S-03O-03N-03D-03J-04F-04M-04A-04M-04J-04J-04A-04S-04O-04N-04D-04J-05F-05M-05A-05M-05J-05ClaimsClaims *ClaimsClaimsClaims *ClaimsClaims *Claims04-05EEPayroll03-04EEPayrollPayrollEE02-03
Rec'd100 FTEYTDTotal100 FTETotal100 FTETotalWork HoursCount04-05Hr / EE$ / EEWork HoursCount03-0402-0301-0200-0199-0098-99CountWork Hours
Antioch241878311773539515117625642366653725789744444559696255543127116.9636316.87120.363839501655$25,663,00012823919175000058522927000237309782120874711.89%1864684117500984153990005702233912896486550.1189241
Brentwood032210122100211012220500113331334632521022220541102202217.6333313.2198.124551255386$19,628,00014295086650000035017803000144402461250171715.51%108162978438886500600033016785686
Clayton100000110110010100100000000100011012001001000110010210622.77727.400.045288636$1,871,000145851579510283518052621700711151763912.06%133009612472971028000371908420
El Cerrito32334392547040343121201344342074641415410204092130423243418.1484828.24023.027375573247$11,784,00015204770534057822410686000946616189016056.34%86955007860090749300022910924527
Hercules210215121110000212111022221110473223011102341111100010138.1262617.396.116320759205$5,578,00015632717230000019252170005015805423812818.35%37813833843026335200018951354846969000
Lafayette00100000001000010000000000000100001000000000011000000023.6112.035.3011177086$2,678,000129931117100000772396000225323121861143.07%2081959177516715480008727071697424470
Manteca351744104333662943424143464610.9686817.08123.2na842838568$22,646,00014843987980000053921495000157716730.00%435173475427660327
Martinez121456353254314566452442433102421101120121101011420011127.116169.72011.536340189213$10,684,00015995021933100020710395416928339387524006.07%783201373845246779000218109478298171189
Oakley00000000000100000010000014.0114.3nanana4959432$1,507,000153346593460003013977900
Orinda000000000000100000100100000012100211100100001002100010511.27717.237.428896159$2,370,0001509402048149154217100019480611949229-0.06%1771255168601616790005421710008729460
Pinole0243112010210402022031004100023310232140130523211252402720.9232320.23128.216257825166$9,273,0001549557012276581478188000704024364569159.03%557586551280115778000142790949738954446
Pittsburg951921014132147310611358841531034710375386732556746105547454556419.4646419.56520.268659703447$19,435,00014754344665773444619377000184832301591898216.11%15262484145220711290700043718985984
Pleasant Hill121601122124010333122400050202120412122101002102012011107.2171712.52418.015278370155$9,880,0001794636582726221529676000872946081711896.83%7660327742447069690001499485026Severity Rateas of 8/31/04
San Pablo1211012421002331203322501021012123300332140212123140011711.1242417.22115.116307666192$9,083,0001600472362784001748219000838930578829656.42%7367627621624562210001667841115$ 4,525,351144839965
San Ramon030003530122262421363501301203323333014310231011113122184.526267.4298.229792617609$13,128,0001301215507000005381159400011901436111980496.28%9545551854447367270005461176640118.893812288Inc Cost per $10M Payroll144839965130894062
Danville01320021001100220201000000100302111100100011100002000163.4774.3137.73351914220$5,601,0001600254653232002025144000496135545154239.88%4515423450131136900002105347723FY 98 - 02FY 02-03FY 03-04FY 04-05 YTD10648278698-02
Moraga101001010000001120110000001111200100001011101000010001411.16618.8412.557179138$2,276,0001882596766400034202900017246771896554-9.06%160016515457731577000342029000$44,324$31,244$35,173$21,808976183445 yr loss run total incurredValued
Total21273639223452432516312226323748303031352527191435252528212842424947384622263431263425414033282229253221253635711.343743715.043315.332462932114316$173,085,000582371139861605204681448399651172956561064827869761834486153000383315363153137787.624576050186153000$ 22,390,119
15680503-147807820
* Claims per 100 FTE's = (# of Claims / Total Hours Worked) X 200,00010.83%-96.21%84000000$ 505,148,192
CurrentAs of Last YrCurrentCurrent1
As Of6/30/056/30/046/30/056/30/0511729565656598815730.7250245167$44,324
AVG /ClmFiscal YrFiscal YearFiscal YrFiscal Yr
'04-05'04-05'03-04'03-04'02-03Clm/ $10M PRClm/ $10M PR99-0000-0101-0202-0303-0404-05YTD04-0503-0402-0301-0200-0199-00
Antioch$7,324$519,997$535,296$673,112$794,713FY 04-05FY 03-04JULY46.135.919.8JULY254252352952
Brentwood*$7,435$156,141$1,384,217$1,387,188$14,266Antioch27.727.5AUGUST45.23626.2AUGUST414249313843
Clayton$680$4,080$122,897$247,348$0Brentwood10.718.5SEPTEMBER40.83728September404943253125
El Cerrito$3,795$129,041$533,105$627,529$306,140Clayton32.138.8OCTOBER39.036.327.8OCTOBER334738372716
Hercules$9,321$121,170$200,323$360,559$21,178El Cerrito28.944.9November36.334.524.8NOVEMBER283829252131
Lafayette$5,271$10,542$23,500$33,500$1,432Hercules23.349.8DECEMBER34.035.323.5DECEMBER224625161822
Manteca$12,401$570,459$263,957$497,173$696,938Lafayette7.54.2JANUARY34.132.523JAN292237293526
Martinez$2,325$27,898$162,544$140,340$454,656Manteca20.331.6FEB33.73122.4Feb252635252132
Oakley$212$212$0$300naMartinez11.215.4MARCH32.930.522.5March323430272537
Orinda$6,204$31,019$36,409$85,888$56,903Oakley6.67.2APRIL31.630.320.5APRIL213123283148
Pinole$3,563$96,195$295,374$296,877$161,423Orinda21.132.2MAY30.729.220.2MAY252625283030
Pittsburg*$22,981$1,470,797$500,239$639,588$630,386Pinole29.128.1JUNE40.131.627.328.429.120.6JUNE363445202830
Pleas. Hill$7,736$77,362$205,556$227,064$915,226Pittsburg32.933.0357437431326334392
San Pablo$9,165$155,807$127,064$169,700$184,264Pleasant Hill10.117.6CHART WITH BOTH CLAIMS / $10m AND CLAIMS / 100 FTE
San Ramon$2,887$51,963$129,411$151,441$163,702San Pablo18.729.299-0000-0101-0202-0303-0404-0505-06
Danville$2,920$17,518$37,230$34,376$27,373San Ramon13.722.440.131.627.328.427.223.5
Moraga$4,990$19,958$69,420$73,948$96,751Danville10.713.615.31512.612.1
TOTALS$9,692$3,460,159$4,626,542$5,645,931$4,525,351Moraga17.629.6
* Potential Excess Ins. Recovery-$475,000-$750,000Total20.627.2
1
&LWORKERS' COMPENSATION CLAIMS Added During Period&C&"Arial,Bold"&12
Sheet1
FY00
FY 03
FY-05
04-05
Total Claims Added FY 05 vs 04 vs 03
Sheet2
INCURRED COST PER $1M PAYROLL
&A
Page &P
Per $10M Payroll
Per 100 FTE
New Claims Rates
IncidentsNumber of Cases FY 04-05Lost Days FY 04-05 YTDTotal Lost Days FY 03-04
7/1/04 thruOffRestrictLost TimeMedical OnlyTotalOffRestrictedTotalAvg LTFiscal YrOffRestrictedTotalAvg LTMonthlyCA Loc Gov't
6/30/05WorkWorkCases100 FTECases100 FTECases100 FTEWorkWork%LTCase04-05WorkWork%LTCaseTot Case RatePublic Admin
Antioch2313368.6194.55513.131359566%9082532547359%79831Antioch13.18.6
Brentwood2241.572.5114.0365560%912331216234%47468Brentwood4.08.6
Clayton0000.0311.3311.3000%0010715259%259130Clayton11.38.6
El Cerrito108189.6105.32814.92447495%4982850988063%138969El Cerrito14.98.6
Hercules2131.963.795.615819055%34811624249667%73892Hercules5.68.6
Lafayette1123.600.023.674386%5025000%00Lafayette3.68.6
Manteca99184.3102.4286.619455074%7444112447679%60024Manteca6.68.6
Martinez0110.652.963.5020%204819180%23940Martinez3.58.6
Oakley0000.014.014.0000%00000%00Oakley4.08.6
Orinda1012.224.536.78811356%201201023100%238Orinda6.78.6
Pinole5275.41310.12015.5293353%62935527844%63379Pinole15.58.6
Pittsburg1411257.6226.74714.224883677%10844367347842%115138Pittsburg14.28.6
Pleasant Hill3142.942.985.7638357%146371712388%14023Pleasant Hill5.78.6
San Pablo4153.363.9117.218116548%346698444384%52766San Pablo7.28.6
San Ramon3692.361.5153.84214978%191213537792%41241San Ramon3.88.6
Danville3252.810.663.4315363%84177513364%20842Danville3.48.6
Moraga1012.825.638.425096%5252168284%9849Moraga8.48.6
Total81581394.41173.72568.11416339171%4807352922476762%768945
Local Gov.t Rates- CA (BLS - 2003 )4.24.48.6
Over/Under (includes rounding)0.2-0.7-0.52003-2004 (10.goal2004-2005goal2005-2006goal
Inc Costs FY 04-05 YTDJulyna4.18.6
6/30/05Septemberna7.48.6
Antioch$519,997Octoberna9.28.6
Brentwood$156,141Novemberna9.18.6
Clayton$4,080December13.39.48.38.6
El Cerrito$129,041January12.59.48.28.6
Hercules$121,170February12.09.48.28.6
Lafayette$10,542March11.69.488.6
Manteca$570,459April11.79.47.98.6
Martinez$27,898May11.79.47.88.6
Oakley$212June11.49.48.6
Orinda$31,019
Pinole$96,195
Pittsburg$1,470,797
Pleasant Hill$77,362
San Pablo$155,807
San Ramon$51,963
Danville$17,518
Moraga$19,958
Total$3,460,159
&C&"Arial,Bold"&12MPA - OSHA RECORDABLE INJURY RATE ANALYSIS* First Aid cases, denied / delayed claims and claims with incident dates prior to report period are not included.&R&D
&R
&A
Page &P
Tot Case Rate
CA Loc Gov't
OSHA Recordable Case Rate per 100FTE
Chart2
01-0201-02
02-0302-03
03-0403-04
04-0504-05
05-0605-06
Cost
Freq.
1871
189
2739
194
3477
215
2194
167
1096
161
Sheet1
99-0000-0101-0202-0303-0404-05
Admin202222201314
CommSvc/ Parks241919425151
Public Services14313912912310888
Police164149189195214158
99-0000-0101-0202-0303-0404-05
Carrying Lifting716754796323
Rep Motion/C.T.243522443025
Slip,Trip,Fall523844657462
Walk/Run442427243120
Department Comparisons
Police Incident Type01-0202-0303-0404-05
Bnd Lift Push Pull25333616
Motor Vehicle16171012
Persons181689
Repet Motion104514
Slip Trip Fall24264134
Walk, Run23161512
Police Incident Type01-0202-0303-0404-05
Bnd Lift Push Pull$185$252$614$105
Motor Vehicle$319$535$1,213$39
Persons$346$194$4$1,068
Rept Motion Computer$135$233$146$182
Slip Trip Fall$175$700$713$302
Walk, Run$308$345$89$129
Less extraordinary losses in 03-04 & 04-05
Mtr Vehicle Brentwood
Fatality Pittsburg
Police Incident Type01-0202-0303-0404-05
Bnd Lift Push Pull$185$252$614$105
Motor Vehicle$319$335$14$39
Persons$346$194$4$88
Rept Motion Computer$135$233$146$182
Slip Trip Fall$175$700$713$302
Walk, Run$308$345$89$129
Less extraordinary losses in 03-04 & 04-05
Mtr Vehicle Brentwood
Fatality Pittsburg
01-0202-0303-0404-0505-06
Cost$1,871$2,739$3,477$2,194$1,096
Freq.189194215167161
Sheet1
99-00
00-01
01-02
02-03
03-04
04-05
Sheet2
11
Sheet1!#REF!
Sheet1!#REF!
1
1
Sheet3
99-00
00-01
01-02
02-03
03-04
04-05
Injuries by Department
01-02
02-03
03-04
04-05
Police Only Injury Frequency
01-02
02-03
03-04
04-05
Police Only Cost of InjuriesInc. Extraordinary events 04 & 05
&A
Page &P
Cost
Freq.
Police Only Injury History
01-02
02-03
03-04
04-05
Police Injury Cost excluding Large Losses 2003, 2004 & 2005
9
JO
Information over time:◦ Claims How elements are changing Liability settlements Police shootings, tasers
Medical costs Statutory benefit increases,
presumptions◦ Financial◦ Efforts; what are you doing,
members doing◦ Social economics◦ Other
10
Market Rates
Optimal pooled rates
History of variabilityExposure
Goals Target equity to reduce variability of funding
inflows by maintaining resources To reduce chance for assessments To provide for a contingency margin To provide for changes in your program
Should you operate like others?
Assets to Surplus Reserve to Surplus Premium to Surplus Operating Ratio Surplus to Retention Reserve Development to Surplus Catastrophic risk to Surplus
14
A. Confidence LevelB. Exposure Measures (SIR multiplesC. Leverage Measures
a. Contributions to Net Assetsb. Loss Reserves to Net Assetsc. Claims Liability + Annual Premium
D. State of Washington - RegulatoryE. Solvency II
15
Median Expected Value(average)
Loss
50th Percentile
50% 70% 90%
Factor of 1.50Factor of 1.15
40%30%20%10%
Surplus-to-SIR (net assets)
10:1 20:15:1
Benchmark Very conservative
Less conservative
17
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
11,000,000
12,000,000
13,000,000
14,000,000
15,000,000
16,000,000
17,000,000
2007 2008 2009 2010
Claims Liability
Equity
SIR
5 times SIR to Equity
10 times SIR to Equity
(Claims Liab + Prem) x 25%
(Claims Liab + Prem) x 50%
Oregon 25% Prem:Equity
Oregon Req. + 25%
State Risk Manager Solvency Tests
Primary Asset TestCash and Investments 79,212,059Less:Accounts Payable (41,863)Unearned Member Contribution (10,846,605)Primary assets 68,323,591
Claim Liabilities (56,422,023) Primary Asset Test 11,901,568 Status Met
Secondary Asset TestReceivables, Prepaid, Fixed Assets 9,367,027 Total Secondary Assets 77,690,618 Claim Liabilities (56,422,023) 80% confidence level factor 1.24 Claims at the 80% level (69,840,646) Secondary Asset Test 7,849,972 Status Met
19
Liability2010
1 Gross Contributions 21,091,358 2 Less insurance / reinsurance premiums 8,824,917 3 Net Contributions 12,266,441 4 Net Assets (Equity) 14,687,804 5 Invested in building and equipment or other - 6 Net available to fund claims 14,687,804
7 Claim Liabilities (outstanding claims; reserved and IBNR) 10,993,838
8 Self-Insured Retention - (pooled portion of each claim) * 600,000
9 Claim funding (6+7) 25,681,642
Confidence Level Factors Required Margin TotalExpected - 10,993,838 met
70% 2,198,768 13,192,606 met75% - 80% 4,837,289 15,831,127 met85% - 90% 8,003,514 18,997,352 met
LiabilityCalculated
Equity Target Formulas FactorCurrent balance no provision 14,687,804 Contributions to equity less than 3:1 3.0 1.44 MetEquity to SIR 4 2,400,000 MetEquity to SIR 5 3,000,000 MetEquity to SIR 6 3,600,000 MetEquity to SIR 7 4,200,000 MetEquity to SIR 10 6,000,000 MetLoss reserves to equity less than 4:1 4 0.75 MetClaim Liab with Premium Method (Claim liab + Prem) times factor 0.25 8,021,299 NotMetClaim Liab with Premium Method (Claim liab + Prem) times factor 0.50 16,042,598 NotMet
Claim Funding Stress Factor 2.34 Equity to Premium Stress Factor New Pool 25% of net contributions 0.25 3,066,610 Met
The Solvency II Directive (2009/138/EC) is a Directive in European Union law that codifies and harmonises the EU insurance regulation. Primarily this concerns the amount of capital that EU insurance companies must hold to reduce the risk of insolvency.
A Solvency II ratio of 100% means that an insurer's capital is such that it will still be able to meet its obligations in the event of a severe shock that is expected to occur once in every 200 years. The target confidence level for insurers has been set at 99.5% over a one-year horizon.
Three pillars I. amount of capital an insurer should hold II. Effective governance III. Details disclosure and transparency requirements
Rates Financial position Benchmarks (targeted equity) How have you fared in the past◦ Bad things all happen together
Benchmarking against ourselves◦ Against others
What is on your horizon Members◦ Happy, content, they understand
21
ALL PROGRAMS
(750,000)
(500,000)
(250,000)
0
250,000
500,000
750,000
1,000,000
1,250,000
1,500,000
1,750,000
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Auto Comp and Collision Program Package Program Errors and Ommissions Program
Chart1
198719871987
198819881988
198919891989
199019901990
199119911991
199219921992
199319931993
199419941994
199519951995
199619961996
199719971997
199819981998
199919991999
Auto Comp and Collision Program
Package Program
Errors and Ommissions Program
ALL PROGRAMS
-4034.1928069138
292679.983699643
-78069.9724359539
5472.7713517909
1462219.8220606
9251.7748238728
16264.7077851345
1487072.04085132
-50067.8860292984
-67593.4715543675
394071.533706944
-80023.6454314056
-33258.7265306987
-626270.469886234
-79761.7357812071
531014.346915041
-22476.5895755281
1116341.59374501
176719.48021302
479064.322686607
134966.237129999
745437.378311975
164374.73892982
-163554.240420203
121305.410456899
-262334.499537098
165662.378236246
-231366.639702155
132484.476825025
18653.9591963605
Sheet1
SPECIAL DISTRICT RISK MANANGEMENT AUTHORITY
ALLOCATION OF EQUITY BY CLAIM YEAR
AS OF JUNE 30, 2002
Package Program
86/8787/8888/8989/9090/9191/9292/9393/9494/9595/9696/9797/9898/9999/0000/0101/02Totals
Revenues:
Premiums$ 1,868,385$ 2,369,659$ 2,691,017$ 1,910,479$ 2,049,339$ 2,051,024$ 2,680,284$ 2,550,616$ 2,715,974$ 2,901,856$ 2,885,380$ 3,428,143$ 3,272,903$ 2,546,024$ 2,067,103$ 2,509,759$ 40,497,945
Interest:$ -
1987 Interest56,417$ 56,417
1988 Interest37,877135,178$ 173,054
1989 Interest56,75787,966175,703$ 320,426
1990 Interest43,72998,11474,074123,726$ 339,643
1991 Interest32,27788,67769,50411,166151,222$ 352,847
1992 Interest34,02091,04675,26812,72425,747230,006$ 468,811
1993 Interest34,37384,72174,18312,86021,70558,803194,452$ 481,096
1994 Interest21,27256,33347,2845,2274,56836,80539,052150,535$ 361,077
1995 Interest26,35166,08955,4575,185(5,225)34,37537,84459,410177,526$ 457,013
1996 Interest30,56573,54563,0145,963(12,189)33,15146,13453,43367,730160,757$ 522,104
1997 Interest34,73181,49870,4046,066(18,721)33,47550,75240,91459,26432,06099,063$ 489,506
1998 Interest83,911192,245165,00114,278(65,902)75,510121,18880,184142,34444,189119,476252,889$ 1,225,314
1999 Interest17,11138,68133,0542,616(14,623)14,32524,55015,15427,4777,49416,65929,43550,676$ 262,610
2000 Interest492,423$ 492,423
2001 Interest1,074,691$ 1,074,691
2002 Interest776,637$ 776,637
Rental Income61,51626,64923,92548,675$ 160,765
$ -
Total Revenues2,377,7763,463,7533,593,9612,110,2902,135,9212,567,4753,194,2582,950,2463,190,3163,146,3563,120,5793,710,4673,385,0953,065,0963,165,7193,335,07148,512,380
Expenses:
Expended ULAE2,184(1,456)54,82176,493199,166(284,971)(28,713)3(19,826)(44,083)(428,373)$ (474,755)
Estimated ULAE110,698105,302109,000$ 325,000
Excess Insurance865,389816,9881,013,887762,158802,210533,261474,981522,811410,926764,968793,537876,720797,2081,193,7111,180,5071,362,532$ 13,171,794
Other369,913353,779556,497754,690689,035704,059834,985941,801962,6651,039,637909,2021,059,1961,138,606930,753921,598873,613$ 13,040,030
Subtotal1,235,3021,170,7671,572,5681,515,3921,546,0661,313,8131,619,8301,179,6411,344,8781,909,9101,682,9131,891,8331,616,4412,124,4642,102,1052,236,14526,062,069
Claims:$ -
Paid849,794830,766534,321200,8271,216,126708,323458,0871,115,703709,286796,428784,585475,75474,789289,025(885,014)893,712$ 9,052,512
Reserved/IBNR- 0- 0- 0- 0- 0- 0- 0160,684390,714603,572915,4151,574,2461,675,211$ 5,319,842
$ -
Total Claims Expense849,794830,766534,321200,8271,216,126708,323458,0871,276,3871,100,0001,400,0001,700,0002,050,0001,750,000289,025(885,014)893,71214,372,354
Change in Accounting Principle$ -
Contribution Rebates$ -
1992 Dividend$ -
1993 Dividend$ -
1995 Dividend$ -
2002 Dividend$ -
Retained Earnings After Interest$ 292,680$ 1,462,220$ 1,487,072$ 394,072$ (626,270)$ 545,339$ 1,116,342$ 494,218$ 745,437$ (163,554)$ (262,334)$ (231,367)$ 18,654$ 651,607$ 1,948,628$ 205,214$ 8,077,957
Reallocation of:
Change in Accounting Princ.- 0
ULAE- 0
1988 Allocation88,833(88,833)- 0
1989 Allocation180,40931,218(211,627)- 0
1990 Allocation59,977179,93273,021(312,929)- 0
1991 Allocation43,50911,83219,7784,667(79,787)- 0
1992 Allocation- 0- 0- 0- 01,187(1,187)- 0
1993 Allocation25,80022,76425,80319,30954,91927,659(176,253)- 0
1994 Allocation4,7653,9374,0572,7453,9803,3567,965(30,806)- 0
1995 Allocation16,8165,605- 0- 0- 0- 0- 0- 0(22,422)- 0
1996 Allocation9,576- 0- 01,59615,95923,93973,57310,57322,982(158,197)- 0
1997 Allocation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
1998 Allocation2,4646,1532,0971,1359,4412,07715,040- 09,44127,53542,483(117,866)- 0
1999 Allocation343,796322341,0995,6673,3407,25517,8448,11110,13821,899(79,449)- 0
- 0
Add Back:- 0
Claims Reserve/IBNR- 0- 0- 0- 0- 0- 0- 0160,684390,714603,572915,4151,574,2461,675,2115,319,842
ULAE Reserve325,000325,000
Accounts Payable61,79061,790
Unearned Revenue644,914644,914
Capital Lease Payable1,084,6221,084,622
- 0
Less:- 0
Prepaid Expenses(5,540)(5,540)
Accounts Receivable(215,605)(215,605)
Unearned Discounts- 0
Note Receivable(157,941)(157,941)
Fixed Assets(1,204,918)(1,204,918)
Deposits- 0
Cash Balance 6/30/99724,8631,638,6251,400,233110,828(619,472)606,8501,040,006641,9241,163,996317,466705,7021,246,9132,146,73813,930,121
292,6801,754,9003,241,9723,636,0433,009,7733,555,1124,671,4545,165,6725,911,1105,747,5555,485,2215,253,8545,272,5085,924,1157,872,7438,077,957
Sheet2
SPECIAL DISTRICT RISK MANANGEMENT AUTHORITY
ALLOCATION OF EQUITY BY CLAIM YEAR
AS OF JUNE 30, 2002
Errors and Omissions Program
86/8787/8888/8989/9090/9191/9292/93Totals
Revenues:
Premiums$ 77,293$ 146,500$ 159,500$ 158,805$ 542,098
Interest:
1987 Interest1,653$ 1,653
1988 Interest2,8616,336$ 9,197
1989 Interest3,7489,3558,738$ 21,842
1990 Interest3,8739,6669,0286,618$ 29,185
1991 Interest3,7159,2738,6616,349$ 27,999
1992 Interest4,39110,96010,2377,504$ 33,093
1993 Interest(3,292)390(2,111)(3,374)$ (8,387)
1994 Interest(2,445)290(1,568)(2,506)$ (6,230)
1995 Interest(2,932)347(1,881)(3,006)$ (7,471)
1996 Interest(3,385)401(2,171)(3,470)$ (8,624)
1997 Interest(3,846)456(2,467)(3,943)$ (9,800)
1998 Interest(9,256)1,097(5,936)(9,488)$ (23,584)
1999 Interest(1,888)224(1,210)(1,935)$ (4,809)
2000 Interest$ -
2001 Interest$ -
2002 Interest$ -
Rental Income$ -
Total Revenues70,490195,297178,820151,555- 0- 0- 0596,161
Expenses:
Expended ULAE$ -
Estimated ULAE$ -
Excess Insurance$ -
Other15,30321,87232,98462,732$ 132,891
$ -
Subtotal15,30321,87232,98462,732- 0- 0- 0132,891
Claims:$ -
Paid77,366- 051,82047,423$ 176,609
Reserved/IBNR- 0- 0- 0- 0$ -
$ -
$ -
Total Claims Expense77,366- 051,82047,423- 0- 0- 0176,609
Change in Accounting Principle$ -
Contribution Rebates$ -
1992 Dividend$ -
1993 Dividend(57,779)(163,949)(145,294)(123,358)$ (490,380)
1995 Dividend$ -
$ -
Retained Earnings After Interest$ (79,958)$ 9,476$ (51,278)$ (81,959)$ -$ -$ -$ (203,719)
Reallocation of:
Change in Accounting Princ.- 0
ULAE- 0
1988 Allocation- 0
1989 Allocation- 0
1990 Allocation- 0
1991 Allocation- 0
1992 Allocation- 0
1993 Allocation- 0
1994 Allocation- 0
1995 Allocation- 0
1996 Allocation- 0
1997 Allocation- 0
1998 Allocation- 0
1999 Allocation- 0
- 0
Add Back:- 0
Claims Reserve/IBNR- 0- 0- 0- 0- 0
ULAE Reserve- 0
Accounts Payable- 0
Unearned Revenue- 0
Capital Lease Payable- 0
- 0
Less:- 0
Prepaid Expenses- 0
Accounts Receivable- 0
Unearned Discounts- 0
Note Receivable- 0
Fixed Assets- 0
Deposits- 0
Cash Balance 6/30/99(79,958)9,476(51,278)(81,959)(203,719)
(79,958)(70,482)(121,760)(203,719)(407,437)(407,437)(407,437)(407,437)(407,437)(407,437)(407,437)(407,437)(407,437)
Sheet3
SPECIAL DISTRICT RISK MANANGEMENT AUTHORITY
ALLOCATION OF EQUITY BY CLAIM YEAR
AS OF JUNE 30, 2002
Auto Comp and Collision Program
86/8787/8888/8989/9090/9191/9292/9393/9494/9595/9696/9797/9898/9999/0000/0101/02Totals
Revenues:
Premiums$ 2,899$ 55,372$ 167,377$ 120,410$ 131,339$ 174,101$ 202,965$ 223,830$ 202,151$ 243,238$ 187,571$ 306,898$ 403,330$ 416,133$ 474,146$ 597,052$ 3,908,812
Interest:$ - 0
1987 Interest59$ 59
1988 Interest1212,122$ 2,243
1989 Interest1593,1268,993$ 12,278
1990 Interest1643,2309,2924,872$ 17,557
1991 Interest1573,0988,9144,6745,220$ 22,063
1992 Interest(172)233693(2,880)5,9726,360$ 10,207
1993 Interest(166)225670(2,783)5,7716,1456,065$ 15,927
1994 Interest(123)167497(2,067)4,2864,5644,5055,404$ 17,234
1995 Interest(148)201596(2,479)(1,249)(2,925)(844)6,4814,950$ 4,582
1996 Interest(171)232689(2,862)(1,442)(3,377)(975)7,4815,7146,959$ 12,249
1997 Interest(194)263782(3,252)(1,639)(3,837)(1,107)8,5016,4937,9075,836$ 19,754
1998 Interest(467)6341,883(7,825)(3,943)(9,234)(2,665)20,45815,62519,02914,04319,178$ 66,716
1999 Interest(95)129384(1,596)(804)(1,883)(543)4,1723,1863,8802,8643,9113,127$ 16,732
2000 Interest67,614$ 67,614
2001 Interest189,796$ 189,796
2002 Interest159,042$ 159,042
Rental Income$ - 0
$ - 0
Total Revenues2,02369,032200,771104,213143,510169,915207,401276,327238,118281,014210,313329,987406,457483,747663,942756,0944,542,864
Expenses:
Expended ULAE$ - 0
Estimated ULAE$ - 0
Excess Insurance7,9869,9839,98325,41630,1248,23910,38212,149$ 114,262
Other5748,26734,61347,56544,15959,76463,22982,64871,65287,14459,10594,823140,314141,574184,265191,627$ 1,311,323
$ - 0
Subtotal5748,26734,61347,56544,15959,76463,22982,64879,63897,12769,088120,239170,438149,813194,647203,7761,425,585
Claims:$ - 0
Paid2865,4706,8672,1225,61821,92142,24816,96023,51419,51219,92044,086103,53521,44647,91167,533$ 448,949
Reserved/IBNR- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0$ - 0
$ - 0
$ - 0
Total Claims Expense2865,4706,8672,1225,61821,92142,24816,96023,51419,51219,92044,086103,53521,44647,91167,533448,949
Change in Accounting Principle$ - 0
Contribution Rebates$ - 0
1992 Dividend(5,197)(49,822)(143,026)(122,119)$ (320,164)
1993 Dividend$ - 0
1995 Dividend(127,796)(167,992)(124,943)$ (420,731)
2002 Dividend(303,105)$ (303,105)
$ - 0
Retained Earnings After Interest$ (4,034)$ 5,473$ 16,265$ (67,593)$ (34,063)$ (79,762)$ (23,020)$ 176,719$ 134,966$ 164,375$ 121,305$ 165,662$ 132,484$ 312,488$ 421,384$ 181,680$ 1,927,435
Reallocation of:
Change in Accounting Princ.- 0
ULAE- 0
1988 Allocation- 0
1989 Allocation- 0
1990 Allocation- 0
1991 Allocation- 0
1992 Allocation- 0
1993 Allocation- 0
1994 Allocation- 0
1995 Allocation- 0
1996 Allocation- 0
1997 Allocation- 0
1998 Allocation- 0
1999 Allocation- 0
- 0
Add Back:- 0
Claims Reserve/IBNR- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
ULAE Reserve- 0
Accounts Payable- 0
Unearned Revenue- 0
Capital Lease Payable- 0
- 0
Less:- 0
Prepaid Expenses- 0
Accounts Receivable- 0
Unearned Discounts- 0
Note Receivable- 0
Fixed Assets- 0
Deposits- 0
Cash Balance 6/30/99(4,034)5,47316,265(67,593)(34,063)(79,762)(23,020)176,719134,966164,375121,305165,662132,4841,927,435
(4,034)1,43917,703(49,890)(83,953)(163,715)(186,734)(10,015)124,951289,326410,632576,294708,7781,021,2661,442,6501,624,330
2
SPECIAL DISTRICT RISK MANANGEMENT AUTHORITY
ALLOCATION OF EQUITY BY CLAIM YEAR
AS OF JUNE 30, 1999
Package Program
86/8787/8888/8989/9090/9191/9292/9393/9494/9595/9696/9797/9898/99Totals
Revenues:
Premiums$ 1,868,385$ 2,369,659$ 2,691,017$ 1,910,479$ 2,049,339$ 2,051,024$ 2,680,284$ 2,550,616$ 2,715,974$ 2,901,856$ 2,885,380$ 3,428,143$ 3,272,903$ 33,375,059
Interest:
1987 Interest56,41756,417
1988 Interest37,877135,178173,054
1989 Interest56,75787,966175,703320,426
1990 Interest43,72998,11474,074123,726339,643
1991 Interest32,27788,67769,50411,166151,222352,847
1992 Interest34,02091,04675,26812,72425,747230,006468,811
1993 Interest34,37384,72174,18312,86021,70558,803194,452481,096
1994 Interest21,27256,33347,2845,2274,56836,80539,052150,535361,077
1995 Interest26,35166,08955,4575,185(5,225)34,37537,84459,410177,526457,013
1996 Interest30,56573,54563,0145,963(12,189)33,15146,13453,43367,730160,757522,104
1997 Interest34,73181,49870,4046,066(18,721)33,47550,75240,91459,26432,06099,063489,506
1998 Interest83,911192,245165,00114,278(65,902)75,510121,18880,184142,34444,189119,476252,8891,225,314
1999 Interest17,11138,68133,0542,616(14,623)- 024,550- 027,4777,49416,65929,43550,676233,131
Rental Income61,51661,516
Total Revenues2,377,7763,463,7533,593,9612,110,2902,135,9212,553,1503,194,2582,935,0923,190,3163,146,3563,120,5793,710,4673,385,09538,917,015
Expenses:
Expended ULAE2,184(1,456)54,82176,493199,166(284,971)(28,713)3(19,826)(44,083)(428,373)(474,755)
Estimated ULAE110,698105,302109,000325,000
Excess Insurance865,389816,9881,013,887762,158802,210533,261474,981522,811410,926764,968793,537876,720797,2089,435,044
Other369,913353,779556,497754,690689,035704,059834,985941,801962,6651,039,637909,2021,059,1961,138,60610,314,066
Subtotal1,235,3021,170,7671,572,5681,515,3921,546,0661,313,8131,619,8301,179,6411,344,8781,909,9101,682,9131,891,8331,616,44119,599,355
Claims:- 0
Paid849,794830,766534,321200,8271,216,126708,323458,0871,115,703709,286796,428784,585475,75474,7898,754,789
Reserved/IBNR- 0- 0- 0- 0- 0- 0- 0160,684390,714603,572915,4151,574,2461,675,2115,319,842
- 0
Total Claims Expense849,794830,766534,321200,8271,216,126708,323458,0871,276,3871,100,0001,400,0001,700,0002,050,0001,750,00014,074,631
Change in Accounting Principle- 0
Contribution Rebates- 0
1992 Dividend- 0
1993 Dividend- 0
1995 Dividend- 0
Retained Earnings After Interest$ 292,680$ 1,462,220$ 1,487,072$ 394,072$ (626,270)$ 531,014$ 1,116,342$ 479,064$ 745,437$ (163,554)$ (262,334)$ (231,367)$ 18,654$ 5,243,029
Reallocation of:
Change in Accounting Princ.- 0
ULAE- 0
1988 Allocation88,833(88,833)- 0
1989 Allocation180,40931,218(211,627)- 0
1990 Allocation59,977179,93273,021(312,929)- 0
1991 Allocation43,50911,83219,7784,667(79,787)- 0
1992 Allocation- 0- 0- 0- 01,187(1,187)- 0
1993 Allocation25,80022,76425,80319,30954,91927,659(176,253)- 0
1994 Allocation4,7653,9374,0572,7453,9803,3567,965(30,806)- 0
1995 Allocation16,8165,605- 0- 0- 0- 0- 0- 0(22,422)- 0
1996 Allocation9,576- 0- 01,59615,95923,93973,57310,57322,982(158,197)- 0
1997 Allocation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
1998 Allocation2,4646,1532,0971,1359,4412,07715,040- 09,44127,53542,483(117,866)- 0
1999 Allocation343,796322341,0995,6673,3407,25517,8448,11110,13821,899(79,449)- 0
- 0
Add Back:- 0
Claims Reserve/IBNR- 0- 0- 0- 0- 0- 0- 0160,684390,714603,572915,4151,574,2461,675,2115,319,842
ULAE Reserve325,000325,000
Accounts Payable61,79061,790
Unearned Revenue644,914644,914
Capital Lease Payable1,084,6221,084,622
- 0
Less:- 0
Prepaid Expenses(5,540)(5,540)
Accounts Receivable(215,605)(215,605)
Unearned Discounts- 0
Note Receivable(157,941)(157,941)
Fixed Assets(1,204,918)(1,204,918)
Deposits- 0
Cash Balance 6/30/99724,8631,638,6251,400,233110,828(619,472)592,5251,040,006626,7701,163,996317,466705,7021,246,9132,146,73811,095,193
292,6801,754,9003,241,9723,636,0433,009,7733,540,7874,657,1295,136,1935,881,6315,718,0765,455,7425,224,375- 05,243,02910,486,058
&LSee Accompanying Accountant's Report.
3
SPECIAL DISTRICT RISK MANANGEMENT AUTHORITY
ALLOCATION OF EQUITY BY CLAIM YEAR
AS OF JUNE 30, 1999
Errors and Omissions Program
86/8787/8888/8989/90Totals
Revenues:
Premiums$ 77,293$ 146,500$ 159,500$ 158,805$ 542,098
Interest:
1987 Interest1,6531,653
1988 Interest2,8616,3369,197
1989 Interest3,7489,3558,73821,842
1990 Interest3,8739,6669,0286,61829,185
1991 Interest3,7159,2738,6616,34927,999
1992 Interest4,39110,96010,2377,50433,093
1993 Interest(3,292)390(2,111)(3,374)(8,387)
1994 Interest(2,445)290(1,568)(2,506)(6,230)
1995 Interest(2,932)347(1,881)(3,006)(7,471)
1996 Interest(3,385)401(2,171)(3,470)(8,624)
1997 Interest(3,846)456(2,467)(3,943)(9,800)
1998 Interest(9,256)1,097(5,936)(9,488)(23,584)
1999 Interest- 0- 0- 0- 0- 0
Rental Income- 0
Total Revenues72,378195,073180,030153,490600,970
Expenses:
Expended ULAE- 0
Estimated ULAE- 0
Excess Insurance- 0
Other15,30321,87232,98462,732132,891
Subtotal15,30321,87232,98462,732132,891
Claims:- 0
Paid77,366- 051,82047,423176,609
Reserved/IBNR- 0- 0- 0- 0- 0
- 0
Total Claims Expense77,366- 051,82047,423176,609
Change in Accounting Principle- 0
Contribution Rebates- 0
1992 Dividend- 0
1993 Dividend(57,779)(163,949)(145,294)(123,358)(490,380)
1995 Dividend- 0
Retained Earnings After Interest$ (78,070)$ 9,252$ (50,068)$ (80,024)$ (198,910)
Reallocation of:
Change in Accounting Princ.- 0
ULAE- 0
1988 Allocation- 0
1989 Allocation- 0
1990 Allocation- 0
1991 Allocation- 0
1992 Allocation- 0
1993 Allocation- 0
1994 Allocation- 0
1995 Allocation- 0
1996 Allocation- 0
1997 Allocation- 0
1998 Allocation- 0
1999 Allocation- 0
- 0
Add Back:- 0
Claims Reserve/IBNR- 0- 0- 0- 0- 0
ULAE Reserve- 0
Accounts Payable- 0
Unearned Revenue- 0
Capital Lease Payable- 0
- 0
Less:- 0
Prepaid Expenses- 0
Accounts Receivable- 0
Unearned Discounts- 0
Note Receivable- 0
Fixed Assets- 0
Deposits- 0
Cash Balance 6/30/99(78,070)9,252(50,068)(80,024)(198,910)
(78,070)(68,818)(118,886)(198,910)(397,819)(397,819)(397,819)(397,819)(397,819)(397,819)(397,819)(397,819)(397,819)
&LSee Accompanying Accountant's Report.
4
SPECIAL DISTRICT RISK MANANGEMENT AUTHORITY
ALLOCATION OF EQUITY BY CLAIM YEAR
AS OF JUNE 30, 1999
Auto Comp and Collision Program
86/8787/8888/8989/9090/9191/9292/9393/9494/9595/9696/9797/9898/99Totals
Revenues:
Premiums$ 2,899$ 55,372$ 167,377$ 120,410$ 131,339$ 174,101$ 202,965$ 223,830$ 202,151$ 243,238$ 187,571$ 306,898$ 403,330$ 2,421,481
Interest:
1987 Interest5959
1988 Interest1212,1222,243
1989 Interest1593,1268,99312,278
1990 Interest1643,2309,2924,87217,557
1991 Interest1573,0988,9144,6745,22022,063
1992 Interest(172)233693(2,880)5,9726,36010,207
1993 Interest(166)225670(2,783)5,7716,1456,06515,927
1994 Interest(123)167497(2,067)4,2864,5644,5055,40417,234
1995 Interest(148)201596(2,479)(1,249)(2,925)(844)6,4814,9504,582
1996 Interest(171)232689(2,862)(1,442)(3,377)(975)7,4815,7146,95912,249
1997 Interest(194)263782(3,252)(1,639)(3,837)(1,107)8,5016,4937,9075,83619,754
1998 Interest(467)6341,883(7,825)(3,943)(9,234)(2,665)20,45815,62519,02914,04319,17866,716
1999 Interest(95)129384(1,596)- 0(1,883)- 04,1723,1863,8802,8643,9113,12718,079
Rental Income- 0
- 0
Total Revenues2,02369,032200,771104,213144,314169,915207,944276,327238,118281,014210,313329,987406,4572,640,428
Expenses:
Expended ULAE- 0
Estimated ULAE- 0
Excess Insurance7,9869,9839,98325,41630,12483,492
Other5748,26734,61347,56544,15959,76463,22982,64871,65287,14459,10594,823140,314793,857
Subtotal5748,26734,61347,56544,15959,76463,22982,64879,63897,12769,088120,239170,438877,349
Claims:- 0
Paid2865,4706,8672,1225,61821,92142,24816,96023,51419,51219,92044,086103,535312,059
Reserved/IBNR- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
- 0
Total Claims Expense2865,4706,8672,1225,61821,92142,24816,96023,51419,51219,92044,086103,535312,059
Change in Accounting Principle- 0
Contribution Rebates- 0
1992 Dividend(5,197)(49,822)(143,026)(122,119)(320,164)
1993 Dividend- 0
1995 Dividend(127,796)(167,992)(124,943)(420,731)
Retained Earnings After Interest$ (4,034)$ 5,473$ 16,265$ (67,593)$ (33,259)$ (79,762)$ (22,477)$ 176,719$ 134,966$ 164,375$ 121,305$ 165,662$ 132,484$ 710,125
Reallocation of:
Change in Accounting Princ.- 0
ULAE- 0
1988 Allocation- 0
1989 Allocation- 0
1990 Allocation- 0
1991 Allocation- 0
1992 Allocation- 0
1993 Allocation- 0
1994 Allocation- 0
1995 Allocation- 0
1996 Allocation- 0
1997 Allocation- 0
1998 Allocation- 0
1999 Allocation- 0
- 0
Add Back:- 0
Claims Reserve/IBNR- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
ULAE Reserve- 0
Accounts Payable- 0
Unearned Revenue- 0
Capital Lease Payable- 0
- 0
Less:- 0
Prepaid Expenses- 0
Accounts Receivable- 0
Unearned Discounts- 0
Note Receivable- 0
Fixed Assets- 0
Deposits- 0
Cash Balance 6/30/99(4,034)5,47316,265(67,593)(33,259)(79,762)(22,477)176,719134,966164,375121,305165,662132,484710,125
(4,034)1,43917,703(49,890)(83,149)(162,911)(185,387)(8,668)126,298290,673411,979577,641710,125
&LSee Accompanying Accountant's Report.
5
SPECIAL DISTRICT RISK MANANGEMENT AUTHORITY
ANALYSIS OF REVENUE, EXPENSES, AND RETAINED EARNINGS BY CLAIM YEAR AS OF JUNE 30, 1999
All Programs
86/8787/8888/8989/9090/9191/9292/9393/9494/9595/9696/9797/9898/99Totals
Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/
PackageE&OCollisionPackageE&OCollisionPackageE&OCollisionPackageE&OCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollision
Revenues:
Premiums$ 1,868,385$ 77,293$ 2,899$ 2,369,659$ 146,500$ 55,372$ 2,691,017$ 159,500$ 167,377$ 1,910,479$ 158,805$ 120,410$ 2,049,339$ 131,339$ 2,051,024$ 174,101$ 2,680,284$ 202,965$ 2,550,616$ 223,830$ 2,715,974$ 202,151$ 2,901,856$ 243,238$ 2,885,380$ 187,571$ 3,428,143$ 306,898$ 3,272,903$ 403,330$ 36,338,638
Interest:- 0
1987 Interest56,4171,6535958,129
1988 Interest37,8772,861121135,1786,3362,122184,495
1989 Interest56,7573,74815987,9669,3553,126175,7038,7388,993354,546
1990 Interest43,7293,87316498,1149,6663,23074,0749,0289,292123,7266,6184,872386,385
1991 Interest32,2773,71515788,6779,2733,09869,5048,6618,91411,1666,3494,674151,2225,220402,909
1992 Interest34,0204,391(172)91,04610,96023375,26810,23769312,7247,504(2,880)25,7475,972230,0066,360512,111
1993 Interest34,373(3,292)(166)84,72139022574,183(2,111)67012,860(3,374)(2,783)21,7055,77158,8036,145194,4526,065488,636
1994 Interest21,272(2,445)(123)56,33329016747,284(1,568)4975,227(2,506)(2,067)4,5684,28636,8054,56439,0524,505150,5355,404372,081
1995 Interest26,351(2,932)(148)66,08934720155,457(1,881)5965,185(3,006)(2,479)(5,225)(1,249)34,375(2,925)37,844(844)59,4106,481177,5264,950454,124
1996 Interest30,565(3,385)(171)73,54540123263,014(2,171)6895,963(3,470)(2,862)(12,189)(1,442)33,151(3,377)46,134(975)53,4337,48167,7305,714160,7576,959525,728
1997 Interest34,731(3,846)(194)81,49845626370,404(2,467)7826,066(3,943)(3,252)(18,721)(1,639)33,475(3,837)50,752(1,107)40,9148,50159,2646,49332,0607,90799,0635,836499,460
1998 Interest83,911(9,256)(467)192,2451,097634165,001(5,936)1,88314,278(9,488)(7,825)(65,902)(3,943)75,510(9,234)121,188(2,665)80,18420,458142,34415,62544,18919,029119,47614,043252,88919,1781,268,446
1999 Interest17,111- 0(95)38,681- 012933,054- 03842,616- 0(1,596)(14,623)- 0- 0(1,883)24,550- 0- 04,17227,4773,1867,4943,88016,6592,86429,4353,91150,6763,127251,210
Rental Income61,51661,516
- 0
Total Revenues2,377,77672,3782,0233,463,753195,07369,0323,593,961180,030200,7712,110,290153,490104,2132,135,921144,3142,553,150169,9153,194,258207,9442,935,092276,3273,190,316238,1183,146,356281,0143,120,579210,3133,710,467329,9873,385,095406,45742,158,414
Expenses:
Expended ULAE2,184(1,456)54,82176,493199,166(284,971)(28,713)3(19,826)(44,083)(428,373)(474,755)
Estimated ULAE110,698105,302109,000325,000
Excess Insurance865,389816,9881,013,887762,158802,210533,261474,981522,811410,9267,986764,9689,983793,5379,983876,72025,416797,20830,1249,518,536
Other369,91315,303574353,77921,8728,267556,49732,98434,613754,69062,73247,565689,03544,159704,05959,764834,98563,229941,80182,648962,66571,6521,039,63787,144909,20259,1051,059,19694,8231,138,606140,31411,240,814
Subtotal1,235,30215,3035741,170,76721,8728,2671,572,56832,98434,6131,515,39262,73247,5651,546,06644,1591,313,81359,7641,619,83063,2291,179,64182,6481,344,87879,6381,909,91097,1271,682,91369,0881,891,833120,2391,616,441170,43820,609,595
Claims:- 0
Paid849,79477,366286830,766- 05,470534,32151,8206,867200,82747,4232,1221,216,1265,618708,32321,921458,08742,2481,115,70316,960709,28623,514796,42819,512784,58519,920475,75444,08674,789103,5359,243,457
Reserved/IBNR- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0160,684- 0390,714- 0603,572- 0915,415- 01,574,246- 01,675,211- 05,319,842
- 0
Total Claims Expense849,79477,366286830,766- 05,470534,32151,8206,867200,82747,4232,1221,216,1265,618708,32321,921458,08742,2481,276,38716,9601,100,00023,5141,400,00019,5121,700,00019,9202,050,00044,0861,750,000103,53514,563,299
Change in Accounting Principle- 0
Contribution Rebates- 0
1992 Dividend(5,197)(49,822)(143,026)(122,119)(320,164)
1993 Dividend(57,779)(163,949)(145,294)(123,358)(490,380)
1995 Dividend(127,796)(167,992)(124,943)(420,731)
Retained Earnings After Interest$ 292,680$ (78,070)$ (4,034)$ 1,462,220$ 9,252$ 5,473$ 1,487,072$ (50,068)$ 16,265$ 394,072$ (80,024)$ (67,593)$ (626,270)$ (33,259)$ 531,014$ (79,762)$ 1,116,342$ (22,477)$ 479,064$ 176,719$ 745,437$ 134,966$ (163,554)$ 164,375$ (262,334)$ 121,305$ (231,367)$ 165,662$ 18,654$ 132,484$ 5,754,245
Reallocation of:
Change in Accounting Princ.- 0
ULAE:- 0
1988 Allocation88,833(88,833)- 0
1989 Allocation180,40931,218(211,627)- 0
1990 Allocation59,977179,93273,021(312,929)- 0
1991 Allocation43,50911,83219,7784,667(79,787)- 0
1992 Allocation- 0- 0- 0- 01,187(1,187)- 0
1993 Allocation25,80022,76425,80319,30954,91927,659(176,253)- 0
1994 Allocation4,7653,9374,0572,7453,9803,3567,965(30,806)- 0
1995 Allocation16,8165,605- 0- 0- 0- 0- 0- 0(22,422)- 0
1996 Allocation9,576- 0- 01,59615,95923,93973,57310,57322,982(158,197)- 0
1997 Allocation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
1998 Allocation2,4646,1532,0971,1359,4412,07715,040- 09,44127,53542,483(117,866)- 0
1999 Allocation343,796322341,0995,6673,3407,25517,8448,11110,13821,899(79,449)- 0
Add Back:
Claims Reserve/IBNR- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0160,684- 0390,714- 0603,572- 0915,415- 01,574,246- 01,675,211- 05,319,842
ULAE Reserve325,000325,000
Accounts Payable61,79061,790
Unearned Discounts644,914644,914
Capital Lease Payble1,084,6221,084,622
- 0
Less:- 0
Prepaid Expenses(5,540)(5,540)
Accounts Receivable(215,605)(215,605)
Unearned Discounts- 0
Notes Receivable(157,941)(157,941)
Fixed Assets(1,204,918)(1,204,918)
Deposits- 0
Cash Balance 6/30/99724,863(78,070)(4,034)1,638,6259,2525,4731,400,233(50,068)16,265110,828(80,024)(67,593)(619,472)(33,259)592,525(79,762)1,040,006(22,477)626,770176,7191,163,996134,966317,466164,375705,702121,3051,246,913165,6622,146,738132,48411,606,409
(78,070)(78,070)(68,818)(68,818)(118,886)(118,886)(198,910)(198,910)(232,168)298,846298,846276,369755,434
Allocation of 6/30/99 Interest- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
Adjusted Retained Earnings$ 292,680$ (78,070)$ (4,034)$ 1,462,220$ 9,252$ 5,473$ 1,487,072$ (50,068)$ 16,265$ 394,072$ (80,024)$ (67,593)$ (626,270)$ (33,259)$ 531,014$ (79,762)$ 1,116,342$ (22,477)$ 479,064$ 176,719$ 745,437$ 134,966$ (163,554)$ 164,375$ (262,334)$ 121,305$ (231,367)$ 165,662$ 18,654$ 132,484$ 5,754,245
See Accompanying Accountant's Report.
Sheet4
SPECIAL DISTRICT RISK MANAGMENT AUTHORITY
CLAIMS DEVELOPMENT INFORMATION
AS OF JUNE 30, 2002
PACKAGE PROGRAM
Eleven Months
Fiscal and Policy Year Ended July 31,Ended June 30,Fiscal and Policy Year Ended June 30,
1987e&o/auto1988e&o/auto1989e&o/auto1990e&o/auto1991199219931994199519961997199819992,0002,0012,002Total
Paid8712,5665,28617,852(1)
8835,0667,78620,0285,47068,350(1)
89202,08014,31645,0285,47040,21911,061318,174(1)
90478,53614,316120,0285,47080,21911,06113,0772,122724,829(1)
91678,53614,316(2)220,0285,470(2)125,21911,061(2)29,9432,122(2)44,3072,7561,133,758
92738,53614,316(2)420,0285,470(2)225,21911,061(2)36,8382,122(2)201,7855,61826,39121,9211,709,305
93740,20077,652(2)495,0285,470(2)227,59358,687(2)47,04749,545(2)307,6825,61848,51421,92136,86542,2482,164,070
94842,852(2)650,498(2)411,280(2)149,197(2)577,245209,794188,9136,8603,036,639
95842,852(2)685,498(2)436,280(2)170,874(2)791,314405,110368,726302,411(5)40,8944,043,959
96849,794(2)735,498(2)454,563(2)172,874(2)919,303547,857397,783(4)588,594(5)317,001(5)158,7905,142,057
97849,794(2)770,498(2)474,834(2)184,874(2)1,001,554(5)618,713(4)426,015(4)923,067(5)615,923453,012107,5706,425,854
98849,794(2)805,498(2)509,834(2)188,385(2)1,166,004(3)658,323(3)448,088(3)1,058,941(3)627,415725,591(3)455,813152,0937,645,779(3)
99849,794a830,766a534,321a200,827a1,216,126a708,323a458,087a1,115,703a709,286a796,428a784,585a475,754a74,789a8,754,789
00852,201830,902534,321201,3271,174,876708,323458,0881,116,703722,022850,798740,7401,136,909319,695156,5129,803,417
01853,217830,902534,321201,3271,174,876708,323458,0881,116,734722,022879,420765,1741,283,385514,821340,800189,59210,573,002
02851,710830,902534,321200,8261,174,876708,323458,0881,115,734720,5221,082,321782,4471,349,3271,284,722515,926441,000303,46712,354,512
Incurred8784,3575,28689,643(1)
88481,8577,786236,1575,470731,270(1)
891,175,32714,316336,1575,47098,45322,0331,651,756(1)
901,300,32714,316636,1575,470199,90922,03326,28627,1222,231,620(1)
911,085,68414,316(2)694,5305,470(2)277,96722,033(2)41,63627,122(2)703,2442,7562,874,758
921,085,68414,316(2)694,5305,470(2)277,96722,033(2)41,63627,122(2)700,3825,618709,07921,9213,605,758
93972,34877,652(2)794,5305,470(2)391,31358,687(2)126,45549,545(2)893,3825,618628,07921,9211,118,75242,2485,186,000
941,100,000(2)900,000(2)500,000(2)200,000(2)1,000,000700,0001,261,0001,447,0007,108,000
95950,000(2)850,000(2)500,000(2)200,000(2)1,000,000700,0001,261,0001,447,0001,704,0008,612,000
96890,000(2)850,000(2)500,000(2)190,000(2)1,100,000850,000800,0001,500,0001,800,0001,300,0009,780,000
97890,000(2)850,000(2)500,000(2)190,000(2)1,100,000850,000800,0001,500,0001,800,0001,300,0001,500,00011,280,000
98850,853(2)947,762(2)533,321(2)208,034(2)1,250,000883,000561,0371,500,0001,650,0001,650,0001,950,0002,500,00014,484,007
99849,794a830,766a534,321a200,827a1,216,126a708,323a458,087a1,276,387a1,100,000a1,400,000a1,700,000a2,050,000a1,750,000a14,074,631
00872,229830,902534,321201,3271,174,876708,323458,0881,116,703722,022987,291771,0631,393,262623,583425,22910,819,219
01872,229830,902534,321201,3271,174,876708,323458,0881,116,734722,0221,223,385782,2481,446,756947,261591,811436,95812,047,241
02851,710830,902534,321200,8261,174,876708,323458,0881,115,734720,5221,167,318813,1901,465,5921,538,939565,126628,237581,13013,354,834
calc o/sibnr + reservesvarianceE&O/Auto
Outstanding8771,7918771,79171,791(1)0
88446,791216,12988662,920662,920(1)0
89973,247291,12958,234891,322,6101,333,582(1)10,9720
90821,791516,129119,69013,209901,470,8191,506,791(1)35,9720(35,972)
91407,148474,502152,74811,693658,937911,705,0281,741,000(1)35,9720
92347,148274,50252,7484,798498,597682,688921,860,4811,896,453(1)35,9720
93232,148299,502163,72079,408585,700579,5651,081,887933,021,9303,021,930(1)00
94257,148249,50288,72050,803422,755490,2061,072,0871,440,140944,071,3614,071,361(1)00
95107,148164,50263,72029,126208,686294,890892,2741,144,5891,663,106954,568,0414,568,041(1)0
9640,206114,50245,43717,126180,697302,143402,217911,4061,482,9991,141,210964,637,9434,637,943(1)0
9740,20679,50225,1665,12698,446231,287373,985576,9331,184,077846,9881,392,430974,854,1464,854,146(1)0
981,059142,26423,48719,64983,996224,677112,949441,0591,022,585924,4091,494,1872,347,907986,838,2286,838,228(1)0
990000000160,684390,714603,572915,4151,574,2461,675,211995,319,842aa(5,319,842)
0020,02800000000136,49330,323256,353303,888268,7171,015,802
0119,01200000000343,96517,074163,371432,440251,011247,3661,474,239
0200000000084,99730,743116,265254,21749,200187,237277,663722,659
$2,737,814$2,805,456$3,935,399$4,674,811$5,743,481$4,081,634$3,880,172$4,458,142$2,665,756568,928434,603277,663Totals$36,877,000$31,629,102(5,247,898)
0
aPer audited June 30, 1999 Financial Statementsproof
(1)Matched paid and incurred expenses in total to the audited financial statements. Actual paid and expenses per loss year were not available
(2)Matched paid and incurred expenses in total to the audited loss triangle's "prior years". Amounts were allocated to loss years based on reasonablness to the ending actual balance per fiscal year ended June 30, 1999
(3)Paid amounts were first adjusted to the Beginning Balance Paid per June 30, 1999 audit, although there was a $233,910 reconciled discrepancy that relates to actual paid. Paid was reasonably adjusted by analyizing previous to ending paid.
(4)Paid amounts were adjusted in prior years due to the unreasonablness of amounts paid compared to the audited total paid at June 30, 1999. Amounts paid in previous years was higher than reconciled paid by loss year (Reconciled in FY 98/99 Audit)
(5)Based on the June 30, 1999 audit we believe that the balances in outstanding and incurred are reasonably accurate and that there are discrepancies in prior year paid. Paid was adjusted in the prior years analyticaly based upon beginning and ending balanc
9494249,596249,596249,596300,399300,399300,399790,605790,605790,6052,230,7452,230,745
Sheet5
SPECIAL DISTRICT RISK MANAGMENT AUTHORITY
CLAIMS DEVELOPMENT INFORMATION
AS OF JUNE 30, 2002
ERRORS AND OMISSIONS
Eleven Months
Fiscal and Policy Year Ended July 31,Ended June 30,Fiscal and Policy Year Ended June 30,
1987198819891990199119921993199419951996199719981999200020012002
Paid875,000
887,5000
8914,03004,194
9014,03004,1940
9114,03004,1940
9214,03004,1940
9377,366051,82047,423
9477,366051,82047,423
9577,366051,82047,423
9677,366051,82047,423
9777,366051,82047,423
9877,366051,82047,423
9977,366051,82047,423
00
01
02
Incurred875,000
887,5000
8914,030015,166
9014,030015,16625,000
9114,030015,16625,000
9214,030015,16625,000
9377,366051,82047,423
9477,366051,82047,423
9577,366051,82047,423
9677,366051,82047,423
9777,366051,82047,423
9877,366051,82047,423
9977,366051,82047,423
00
01
02
Outstanding870
8800
890010,972
900010,97225,000
910010,97225,000
920010,97225,000
930000
940000
950000
960000
970000
980000
990000
00
01
02
After Fiscal Year 1990, the Errors and Omissions Program was combined with the Package Program.
94949494949494949494949494
Sheet6
SPECIAL DISTRICT RISK MANAGMENT AUTHORITY
CLAIMS DEVELOPMENT INFORMATION
AS OF JUNE 30, 2002
AUTO COMP AND COLLISION PROGRAM
Eleven Months
Fiscal and Policy Year Ended July 31,Ended June 30,Fiscal and Policy Year Ended June 30,
19871988198919901991199219931994199519961997199819992,0002,0012,002
Paid87286(1)
88286(1)5,470(1)
89286(1)5,470(1)6,867
90286(1)5,470(1)6,8672,122
91286(1)5,470(1)6,8672,1222,756
92286(1)5,470(1)6,8672,1225,61821,92142,284
93286(1)5,470(1)6,8672,1225,61821,92142,24884,532
94286(1)5,470(1)6,8672,1225,61821,92142,24816,960(42,248)
95286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,514
96286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,512
97286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,920
98286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,92044,086
99286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,92044,086103,535
006,8672,12231,65413,63644,65930,25522,38121,56525,08055,549123,35120,776
016,8672,12231,65413,63644,65930,25522,38121,56525,08155,549123,35130,76536,804
025,36705,78512,38642,93923,05616,97216,06622,83050,049105,05921,93724,27382,069
Incurred87286(1)
88286(1)5,470(1)
89286(1)5,470(1)6,867
90286(1)5,470(1)6,8672,122
90286(1)5,470(1)6,8672,122
91286(1)5,470(1)6,8672,1222,756
92286(1)5,470(1)6,8672,1225,61821,921
93286(1)5,470(1)6,8672,1225,61821,92142,248
94286(1)5,470(1)6,8672,1225,61821,92142,24816,960
95286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,514
96286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,512
97286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,920
98286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,92044,086
99286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,92044,086103,535
006,8672,12231,65413,63644,65930,25522,38121,56525,08055,549123,35120,776
016,8672,12231,65413,63644,65930,25522,38121,56525,08155,549123,35130,76551,947
025,36705,78512,38642,93923,05616,97216,06622,83050,049105,05921,93724,27383,981
Outstanding870
8800
89000
900000
9100000
92000000
930000000
9400000000
95000000000
960000000000
9700000000000
98000000000000
990000000000000
0000000000000000
010000000000000015,143
020000000000000001,912
(1)Difference of "Prior Years" ($14,745) less amounts per claim summarry for 1989 and 1990 allocated based the percentage to premiums
93939393939393939393939393
8
SPECIAL DISTRICT RISK MANAGMENT AUTHORITY
CLAIMS DEVELOPMENT INFORMATION
AS OF JUNE 30, 1999
PACKAGE PROGRAM
Eleven Months
Fiscal and Policy Year Ended July 31,Ended June 30,Fiscal and Policy Year Ended June 30,
1987e&o/auto1988e&o/auto1989e&o/auto1990e&o/auto199119921993199419951996199719981999Total
Paid8712,5665,28617,852(1)
8835,0667,78620,0285,47068,350(1)
89202,08014,31645,0285,47040,21911,061318,174(1)
90478,53614,316120,0285,47080,21911,06113,0772,122724,829(1)
91678,53614,316(2)220,0285,470(2)125,21911,061(2)29,9432,122(2)44,3072,7561,133,758
92738,53614,316(2)420,0285,470(2)225,21911,061(2)36,8382,122(2)201,7855,61826,39121,9211,709,305
93740,20077,652(2)495,0285,470(2)227,59358,687(2)47,04749,545(2)307,6825,61848,51421,92136,86542,2482,164,070
94842,852(2)650,498(2)411,280(2)149,197(2)577,245209,794188,9136,8603,036,639
95842,852(2)685,498(2)436,280(2)170,874(2)791,314405,110368,726302,411(5)40,8944,043,959
96849,794(2)735,498(2)454,563(2)172,874(2)919,303547,857397,783(4)588,594(5)317,001(5)158,7905,142,057
97849,794(2)770,498(2)474,834(2)184,874(2)1,001,554(5)618,713(4)426,015(4)923,067(5)615,923453,012107,5706,425,854
98849,794(2)805,498(2)509,834(2)188,385(2)1,166,004(3)658,323(3)448,088(3)1,058,941(3)627,415725,591(3)455,813152,0937,645,779(3)
99849,794a830,766a534,321a200,827a1,216,126a708,323a458,087a1,115,703a709,286a796,428a784,585a475,754a74,789a8,754,789
Incurred8784,3575,28689,643(1)
88481,8577,786236,1575,470731,270(1)
891,175,32714,316336,1575,47098,45322,0331,651,756(1)
901,300,32714,316636,1575,470199,90922,03326,28627,1222,231,620(1)
911,085,68414,316(2)694,5305,470(2)277,96722,033(2)41,63627,122(2)703,2442,7562,874,758
921,085,68414,316(2)694,5305,470(2)277,96722,033(2)41,63627,122(2)700,3825,618709,07921,9213,605,758
93972,34877,652(2)794,5305,470(2)391,31358,687(2)126,45549,545(2)893,3825,618628,07921,9211,118,75242,2485,186,000
941,100,000(2)900,000(2)500,000(2)200,000(2)1,000,000700,0001,261,0001,447,0007,108,000
95950,000(2)850,000(2)500,000(2)200,000(2)1,000,000700,0001,261,0001,447,0001,704,0008,612,000
96890,000(2)850,000(2)500,000(2)190,000(2)1,100,000850,000800,0001,500,0001,800,0001,300,0009,780,000
97890,000(2)850,000(2)500,000(2)190,000(2)1,100,000850,000800,0001,500,0001,800,0001,300,0001,500,00011,280,000
98850,853(2)947,762(2)533,321(2)208,034(2)1,250,000883,000561,0371,500,0001,650,0001,650,0001,950,0002,500,00014,484,007
99849,794a830,766a534,321a200,827a1,216,126a708,323a458,087a1,276,387a1,100,000a1,400,000a1,700,000a2,050,000a1,750,000a14,074,631
calc o/sibnr + reservesvarianceE&O/Auto
Outstanding8771,7918771,79171,791(1)0
88446,791216,12988662,920662,920(1)0
89973,247291,12958,234891,322,6101,333,582(1)10,9720
90821,791516,129119,69013,209901,470,8191,506,791(1)35,9720(35,972)
91407,148474,502152,74811,693658,937911,705,0281,741,000(1)35,9720
92347,148274,50252,7484,798498,597682,688921,860,4811,896,453(1)35,9720
93232,148299,502163,72079,408585,700579,5651,081,887933,021,9303,021,930(1)00
94257,148249,50288,72050,803422,755490,2061,072,0871,440,140944,071,3614,071,361(1)00
95107,148164,50263,72029,126208,686294,890892,2741,144,5891,663,106954,568,0414,568,041(1)0
9640,206114,50245,43717,126180,697302,143402,217911,4061,482,9991,141,210964,637,9434,637,943(1)0
9740,20679,50225,1665,12698,446231,287373,985576,9331,184,077846,9881,392,430974,854,1464,854,146(1)0
981,059142,26423,48719,64983,996224,677112,949441,0591,022,585924,4091,494,1872,347,907986,838,2286,838,228(1)0
990000000160,684390,714603,572915,4151,574,2461,675,211995,319,842a5,319,842a0
$2,737,814$2,805,456$3,935,399$4,674,811$5,743,481$3,516,179$3,802,032$3,922,153$1,675,211Totals$36,877,000$36,948,94471,944
0
aPer audited June 30, 1999 Financial Statementsproof
(1)Matched paid and incurred expenses in total to the audited financial statements. Actual paid and expenses per loss year were not available
(2)Matched paid and incurred expenses in total to the audited loss triangle's "prior years". Amounts were allocated to loss years based on reasonablness to the ending actual balance per fiscal year ended June 30, 1999
(3)Paid amounts were first adjusted to the Beginning Balance Paid per June 30, 1999 audit, although there was a $233,910 reconciled discrepancy that relates to actual paid. Paid was reasonably adjusted by analyizing previous to ending paid.
(4)Paid amounts were adjusted in prior years due to the unreasonablness of amounts paid compared to the audited total paid at June 30, 1999. Amounts paid in previous years was higher than reconciled paid by loss year (Reconciled in FY 98/99 Audit)
(5)Based on the June 30, 1999 audit we believe that the balances in outstanding and incurred are reasonably accurate and that there are discrepancies in prior year paid. Paid was adjusted in the prior years analyticaly based upon beginning and ending balanc
9494249,596249,596249,596300,399300,399300,399790,605790,605790,6052,230,7452,230,745
9
SPECIAL DISTRICT RISK MANAGMENT AUTHORITY
CLAIMS DEVELOPMENT INFORMATION
AS OF JUNE 30, 1999
ERRORS AND OMISSIONS
Eleven Months
Fiscal and Policy Year Ended July 31,Ended June 30,Fiscal and Policy Year Ended June 30,
1987198819891990199119921993199419951996199719981999
Paid875,000
887,5000
8914,03004,194
9014,03004,1940
9114,03004,1940
9214,03004,1940
9377,366051,82047,423
9477,366051,82047,423
9577,366051,82047,423
9677,366051,82047,423
9777,366051,82047,423
9877,366051,82047,423
9977,366051,82047,423
Incurred875,000
887,5000
8914,030015,166
9014,030015,16625,000
9114,030015,16625,000
9214,030015,16625,000
9377,366051,82047,423
9477,366051,82047,423
9577,366051,82047,423
9677,366051,82047,423
9777,366051,82047,423
9877,366051,82047,423
9977,366051,82047,423
Outstanding870
8800
890010,972
900010,97225,000
910010,97225,000
920010,97225,000
930000
940000
950000
960000
970000
980000
990000
After Fiscal Year 1990, the Errors and Omissions Program was combined with the Package Program.
94949494949494949494949494
10
SPECIAL DISTRICT RISK MANAGMENT AUTHORITY
CLAIMS DEVELOPMENT INFORMATION
AS OF JUNE 30, 1999
AUTO COMP AND COLLISION PROGRAM
Eleven Months
Fiscal and Policy Year Ended July 31,Ended June 30,Fiscal and Policy Year Ended June 30,
1987198819891990199119921993199419951996199719981999
Paid87286(1)
88286(1)5,470(1)
89286(1)5,470(1)6,867
90286(1)5,470(1)6,8672,122
91286(1)5,470(1)6,8672,1222,756
92286(1)5,470(1)6,8672,1225,61821,92142,284
93286(1)5,470(1)6,8672,1225,61821,92142,24884,532
94286(1)5,470(1)6,8672,1225,61821,92142,24816,960(42,248)
95286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,514
96286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,512
97286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,920
98286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,92044,086
99286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,92044,086103,535
Incurred87286(1)
88286(1)5,470(1)
89286(1)5,470(1)6,867
90286(1)5,470(1)6,8672,122
90286(1)5,470(1)6,8672,122
91286(1)5,470(1)6,8672,1222,756
92286(1)5,470(1)6,8672,1225,61821,921
93286(1)5,470(1)6,8672,1225,61821,92142,248
94286(1)5,470(1)6,8672,1225,61821,92142,24816,960
95286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,514
96286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,512
97286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,920
98286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,92044,086
99286(1)5,470(1)6,8672,1225,61821,92142,24816,96023,51419,51219,92044,086103,535
Outstanding870
8800
89000
900000
9100000
92000000
930000000
9400000000
95000000000
960000000000
9700000000000
98000000000000
990000000000000
(1)Difference of "Prior Years" ($14,745) less amounts per claim summarry for 1989 and 1990 allocated based the percentage to premiums
93939393939393939393939393
Sheet12
SPECIAL DISTRICT RISK MANANGEMENT AUTHORITY
RECONCILIATION OF RETAINED EARNINGS FOR THE FISCAL YEAR ENDING JUNE 30, 2002
All Programs
86/8787/8888/8989/9090/9191/9292/9393/9494/9595/9696/9797/9898/9999/00Totals
Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/
PackageE&OCollisionPackageE&OCollisionPackageE&OCollisionPackageE&OCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollision
Revenues:
Premiums1,868,38577,2932,8992,369,659146,50055,3722,691,017159,500167,3771,910,479158,805120,4102,049,339131,3392,051,024174,1012,680,284202,9652,550,616223,8302,715,974202,1512,901,856243,2382,885,380187,5713,428,143306,8983,272,903403,3302,546,024416,13339,300,795
Interest:- 0
1987 Interest56,4171,6535958,129
1988 Interest37,8772,861121135,1786,3362,122184,495
1989 Interest56,7573,74815987,9669,3553,126175,7038,7388,993354,546
1990 Interest43,7293,87316498,1149,6663,23074,0749,0289,292123,7266,6184,872386,385
1991 Interest32,2773,71515788,6779,2733,09869,5048,6618,91411,1666,3494,674151,2225,220402,909
1992 Interest34,0204,391(172)91,04610,96023375,26810,23769312,7247,504(2,880)25,7475,972230,0066,360512,111
1993 Interest34,373(3,292)(166)84,72139022574,183(2,111)67012,860(3,374)(2,783)21,7055,77158,8036,145194,4526,065488,636
1994 Interest21,272(2,445)(123)56,33329016747,284(1,568)4975,227(2,506)(2,067)4,5684,28636,8054,56439,0524,505150,5355,404372,081
1995 Interest26,351(2,932)(148)66,08934720155,457(1,881)5965,185(3,006)(2,479)(5,225)(1,249)34,375(2,925)37,844(844)59,4106,481177,5264,950454,124
1996 Interest30,565(3,385)(171)73,54540123263,014(2,171)6895,963(3,470)(2,862)(12,189)(1,442)33,151(3,377)46,134(975)53,4337,48167,7305,714160,7576,959525,728
1997 Interest34,731(3,846)(194)81,49845626370,404(2,467)7826,066(3,943)(3,252)(18,721)(1,639)33,475(3,837)50,752(1,107)40,9148,50159,2646,49332,0607,90799,0635,836499,460
1998 Interest83,911(9,256)(467)192,2451,097634165,001(5,936)1,88314,278(9,488)(7,825)(65,902)(3,943)75,510(9,234)121,188(2,665)80,18420,458142,34415,62544,18919,029119,47614,043252,88919,1781,268,446
1999 Interest17,111- 0(95)38,681- 012933,054- 03842,616- 0(1,596)(14,623)- 0- 0(1,883)24,550- 0- 04,17227,4773,1867,4943,88016,6592,86429,4353,91150,6763,127274,532
- 0
Rental Income61,51626,64988,165
- 0
Total Revenues2,377,77672,3782,0233,463,753195,07369,0313,593,961180,030200,7712,110,290153,490104,2122,135,922144,3142,553,150169,9153,194,258207,9442,935,092276,3283,190,315238,1183,146,356281,0133,120,579210,3143,710,467329,9873,385,095406,4572,572,673416,13345,170,542
Expenses:
Expended ULAE2,184(1,456)54,82176,493199,166(284,971)(28,713)3(19,826)(44,083)(428,373)- 0(474,755)
Estimated ULAE110,698105,302109,000- 0325,000
Excess Insurance865,389816,9881,013,887762,158802,210533,261474,981522,811410,9267,986764,9689,983793,5379,983876,72025,416797,20830,1241,193,7118,23910,720,486
Other369,91315,303574353,77921,8728,267556,49732,98434,613754,69062,73247,565689,03544,159704,05959,764834,98563,229941,80182,648962,66571,6521,039,63787,144909,20259,1051,059,19694,8231,138,606140,314930,753141,57412,313,141
Subtotal1,235,30215,3035741,170,76721,8728,2671,572,56832,98434,6131,515,39262,73247,5651,546,06644,1591,313,81359,7641,619,83063,2291,179,64182,6481,344,87879,6381,909,91097,1271,682,91369,0881,891,833120,2391,616,441170,4382,124,464149,81322,883,872
Claims:- 0
Paid852,201286830,902- 05,470534,3216,867201,3272,1221,174,87631,654708,32313,636458,08844,6591,116,70330,255722,02222,381850,79821,565740,74025,0801,136,90955,549319,695123,351156,51220,77610,207,068
Reserved/IBNR20,028- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0136,493- 030,323- 0256,353- 0303,888- 0268,717- 01,015,8025319842
- 0
Total Claims Expense872,229- 0286830,902- 05,470534,321- 06,867201,327- 02,1221,174,87631,654708,32313,636458,08844,6591,116,70330,255722,02222,381987,29121,565771,06325,0801,393,26255,549623,583123,351425,22920,77611,222,870(3,646,270)(734,214)2,912,056
Change in Accounting Principle- 0
Contribution Rebates- 0
1992 Dividend(5,197)(49,822)(143,026)(122,119)(320,164)
1993 Dividend(57,779)(163,949)(145,294)(123,358)(490,380)
1995 Dividend(127,796)(167,992)(124,943)(420,731)
Retained Earnings Before Interest270,245(704)(4,034)1,462,0839,2525,4731,487,0721,75216,265393,571(32,601)(67,594)(585,020)(59,295)531,014(71,477)1,116,340(24,888)638,748163,4251,123,415136,099249,155162,322666,603116,146425,372154,2001,145,071112,66822,980245,5449,832,525
Reallocation of:
Change in Accounting Princ.- 0
ULAE:- 0
1988 Allocation88,833(88,833)- 0
1989 Allocation180,40931,218(211,627)- 0
1990 Allocation59,977179,93273,021(312,929)- 0
1991 Allocation43,50911,83219,7784,667(79,787)- 0
1992 Allocation- 0- 0- 0- 01,187(1,187)- 0
1993 Allocation25,80022,76425,80319,30954,91927,659(176,253)- 0
1994 Allocation4,7653,9374,0572,7453,9803,3567,965(30,806)- 0
1995 Allocation16,8165,605- 0- 0- 0- 0- 0- 0(22,422)- 0
1996 Allocation9,576- 0- 01,59615,95923,93973,57310,57322,982(158,197)- 0
1997 Allocation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
1998 Allocation2,4646,1532,0971,1359,4412,07715,040- 09,44127,53542,483(117,866)- 0
1999 Allocation343,796322341,0995,6673,3407,25517,8448,11110,13821,899(79,449)- 0
2000 Allocation1,77111- 0393,257- 0012,60829,84432,58673,34664,818133,408(351,689)0
Add Back:
Claims Reserve/IBNR20,028- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0136,493- 030,323- 0256,353- 0303,888268,7171,015,802
ULAE Reserve325,000325,000650,000
Accounts Payable61,79074,721136,511
Unearned Discounts644,914524,9721,169,886
Capital Lease Payble1,084,6221,033,5502,118,172
- 0
Less:- 0
Prepaid Expenses4,6494,649
Accounts Receivable262,690262,690
Unearned Discounts- 0
Notes Receivable- 0- 0
Fixed Assets1,198,9151,198,915
Deposits- 0
Cash Balance 6/30/00724,227(704)(4,034)1,638,4999,2525,4731,400,2331,75216,265110,367(32,601)(67,594)(574,965)(59,295)592,525(71,477)1,040,005(24,888)638,378163,4251,181,103136,099295,683162,322822,893116,146650,576154,2003,619,244112,6683,364,505245,54416,389,150
Allocation of 6/30/00 Interest24,748- 0(138)- 055,990- 0187- 047,848- 0556- 03,771- 0(2,310)- 0(19,647)- 0- 0(2,442)- 035,538- 0- 05,58440,3604,65110,1045,54728,1193,96922,2315,269123,6743,850114,9698,391560,037520,817
Adjusted Retained Earnings294,993(704)(4,172)1,518,0739,2525,6601,534,9201,75216,821397,343(32,601)(69,904)(604,667)(59,295)531,014(73,919)1,151,878(24,888)638,748169,0091,163,775140,750259,258167,868694,722120,115447,603159,4691,268,745116,518137,949253,93510,392,562
(4,614,995)
Sheet13
SPECIAL DISTRICT RISK MANANGEMENT AUTHORITY
RECONCILIATION OF RETAINED EARNINGS FOR THE FISCAL YEAR ENDING JUNE 30, 2002
All Programs
86/8787/8888/8989/9090/9191/9292/9393/9494/9595/9696/9797/9898/9999/0000/01Totals
Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/
PackageE&OCollisionPackageE&OCollisionPackageE&OCollisionPackageE&OCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollision
Revenues:
Premiums1,868,38577,2932,8992,369,659146,50055,3722,691,017159,500167,3771,910,479158,805120,4102,049,339131,3392,051,024174,1012,680,284202,9652,550,616223,8302,715,974202,1512,901,856243,2382,885,380187,5713,428,143306,8983,272,903403,3302,546,024416,1332,067,103474,14641,842,044
Interest:- 0
1987 Interest56,4171,6535958,129
1988 Interest37,8772,861121135,1786,3362,122184,495
1989 Interest56,7573,74815987,9669,3553,126175,7038,7388,993354,546
1990 Interest43,7293,87316498,1149,6663,23074,0749,0289,292123,7266,6184,872386,385
1991 Interest32,2773,71515788,6779,2733,09869,5048,6618,91411,1666,3494,674151,2225,220402,909
1992 Interest34,0204,391(172)91,04610,96023375,26810,23769312,7247,504(2,880)25,7475,972230,0066,360512,111
1993 Interest34,373(3,292)(166)84,72139022574,183(2,111)67012,860(3,374)(2,783)21,7055,77158,8036,145194,4526,065488,636
1994 Interest21,272(2,445)(123)56,33329016747,284(1,568)4975,227(2,506)(2,067)4,5684,28636,8054,56439,0524,505150,5355,404372,081
1995 Interest26,351(2,932)(148)66,08934720155,457(1,881)5965,185(3,006)(2,479)(5,225)(1,249)34,375(2,925)37,844(844)59,4106,481177,5264,950454,124
1996 Interest30,565(3,385)(171)73,54540123263,014(2,171)6895,963(3,470)(2,862)(12,189)(1,442)33,151(3,377)46,134(975)53,4337,48167,7305,714160,7576,959525,728
1997 Interest34,731(3,846)(194)81,49845626370,404(2,467)7826,066(3,943)(3,252)(18,721)(1,639)33,475(3,837)50,752(1,107)40,9148,50159,2646,49332,0607,90799,0635,836499,460
1998 Interest83,911(9,256)(467)192,2451,097634165,001(5,936)1,88314,278(9,488)(7,825)(65,902)(3,943)75,510(9,234)121,188(2,665)80,18420,458142,34415,62544,18919,029119,47614,043252,88919,1781,268,446
1999 Interest17,111- 0(95)38,681- 012933,054- 03842,616- 0(1,596)(14,623)- 0- 0(1,883)24,550- 0- 04,17227,4773,1867,4943,88016,6592,86429,4353,91150,6763,127
2000 Interest- 0
- 0
Rental Income61,51626,64948,675136,840
- 0
Total Revenues2,377,77672,3782,0233,463,753195,07369,0313,593,961180,030200,7712,110,290153,490104,2122,135,922144,3142,553,150169,9153,194,258207,9442,935,092276,3283,190,315238,1183,146,356281,0133,120,579210,3143,710,467329,9873,385,095406,4572,572,673416,1332,115,778474,14647,485,934
Expenses:
Expended ULAE2,184(1,456)54,82176,493199,166(284,971)(28,713)3(19,826)(44,083)(428,373)- 0(474,755)
Estimated ULAE110,698105,302109,000- 0325,000
Excess Insurance865,389816,9881,013,887762,158802,210533,261474,981522,811410,9267,986764,9689,983793,5379,983876,72025,416797,20830,1241,193,7118,2391,180,50710,38211,911,375
Other369,91315,303574353,77921,8728,267556,49732,98434,613754,69062,73247,565689,03544,159704,05959,764834,98563,229941,80182,648962,66571,6521,039,63787,144909,20259,1051,059,19694,8231,138,606140,314930,753141,574921,598184,26513,419,004
Subtotal1,235,30215,3035741,170,76721,8728,2671,572,56832,98434,6131,515,39262,73247,5651,546,06644,1591,313,81359,7641,619,83063,2291,179,64182,6481,344,87879,6381,909,91097,1271,682,91369,0881,891,833120,2391,616,441170,4382,124,464149,8132,102,105194,64725,180,624
Claims:- 0
Paid853,217- 0830,902- 0- 0534,3216,867201,3272,1221,174,87631,654708,32313,636458,08844,6591,116,73430,255722,02222,381879,42021,565765,17425,0811,283,38555,549514,821123,351340,80030,765189,59236,80411,017,691
Reserved/IBNR19,012- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0343,965- 017,074- 0163,371- 0432,440- 0251,011- 0247,36615,1431,489,3825319842
- 0
Total Claims Expense872,229- 0- 0830,902- 0- 0534,321- 06,867201,327- 02,1221,174,87631,654708,32313,636458,08844,6591,116,73430,255722,02222,3811,223,38521,565782,24825,0811,446,75655,549947,261123,351591,81130,765436,95851,94712,507,073(2,362,067)(734,214)1,627,853
Change in Accounting Principle- 0
Contribution Rebates- 0
1992 Dividend(5,197)(49,822)(143,026)(122,119)(320,164)
1993 Dividend(57,779)(163,949)(145,294)(123,358)(490,380)
1995 Dividend(127,796)(167,992)(124,943)(420,731)
Retained Earnings Before Interest270,245(704)(3,748)1,462,0839,25210,9431,487,0721,75216,265393,571(32,601)(67,594)(585,020)(59,295)531,014(71,477)1,116,340(24,888)638,717163,4251,123,415136,09913,061162,322655,418116,145371,878154,200821,393112,668(143,602)235,555(423,285)227,5528,566,962
Reallocation of:
Change in Accounting Princ.- 0
ULAE:- 0
1988 Allocation88,833(88,833)- 0
1989 Allocation180,40931,218(211,627)- 0
1990 Allocation59,977179,93273,021(312,929)- 0
1991 Allocation43,50911,83219,7784,667(79,787)- 0
1992 Allocation- 0- 0- 0- 01,187(1,187)- 0
1993 Allocation25,80022,76425,80319,30954,91927,659(176,253)- 0
1994 Allocation4,7653,9374,0572,7453,9803,3567,965(30,806)- 0
1995 Allocation16,8165,605- 0- 0- 0- 0- 0- 0(22,422)- 0
1996 Allocation9,576- 0- 01,59615,95923,93973,57310,57322,982(158,197)- 0
1997 Allocation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
1998 Allocation2,4646,1532,0971,1359,4412,07715,040- 09,44127,53542,483(117,866)- 0
1999 Allocation343,796322341,0995,6673,3407,25517,8448,11110,13821,899(79,449)- 0
2000 Allocation1,77111- 0393,257- 0012,60829,84432,58673,34664,818133,408(351,689)0
2001 Allocation- 0- 0- 0- 0- 0- 0- 07- 053,5282,53612,12891,73156,652(216,582)0
Add Back:
Claims Reserve/IBNR19,012- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0343,965- 017,074- 0163,371- 0432,440- 0268,717247,3661,491,945
ULAE Reserve325,000325,000325,000975,000
Accounts Payable61,79074,721168,493305,004
Unearned Discounts644,914524,972518,7241,688,610
Capital Lease Payble1,084,6221,033,550974,8153,092,987
- 0
Less:- 0
Prepaid Expenses2,5352,535
Accounts Receivable297,471297,471
Unearned Discounts- 0
Notes Receivable- 0- 0
Fixed Assets1,407,9941,407,994
Deposits- 0
Cash Balance 6/30/01723,211(704)(3,748)1,638,4999,25210,9431,400,2331,75216,265110,367(32,601)(67,594)(574,965)(59,295)592,525(71,477)1,040,005(24,888)638,354163,4251,181,103136,099320,588162,322800,995116,145516,228154,2003,515,849112,66817,828,509
Allocation of 6/30/01 Interest11,136- 0(58)- 025,230- 0168- 021,561- 0250- 01,699- 0(1,041)- 0(8,854)- 0- 0(1,101)- 016,014- 0- 02,51618,1872,0964,9372,50012,3341,7887,9492,37454,1391,735274,532
Adjusted Retained Earnings281,381(704)(3,806)1,487,3149,25211,1111,508,6341,75216,515395,271(32,601)(68,635)(593,874)(59,295)531,014(72,578)1,132,355(24,888)638,717165,9411,141,602138,19517,997164,821667,752117,933379,827156,574875,532114,4038,841,494
(3,063,927)
Sheet14
SPECIAL DISTRICT RISK MANANGEMENT AUTHORITY
RECONCILIATION OF RETAINED EARNINGS FOR THE FISCAL YEAR ENDING JUNE 30, 2002
All Programs
86/8787/8888/8989/9090/9191/9292/9393/9494/9595/9696/9797/9898/9999/0000/0101/02Totals
Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/Comp/
PackageE&OCollisionPackageE&OCollisionPackageE&OCollisionPackageE&OCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollisionPackageCollision
Revenues:
Premiums1,868,38577,2932,8992,369,659146,50055,3722,691,017159,500167,3771,910,479158,805120,4102,049,339131,3392,051,024174,1012,680,284202,9652,550,616223,8302,715,974202,1512,901,856243,2382,885,380187,5713,428,143306,8983,272,903403,3302,546,024416,1332,067,103474,1462,509,759597,05244,948,855
Interest:- 0
1987 Interest56,4171,6535958,129
1988 Interest37,8772,861121135,1786,3362,122184,495
1989 Interest56,7573,74815987,9669,3553,126175,7038,7388,993354,546
1990 Interest43,7293,87316498,1149,6663,23074,0749,0289,292123,7266,6184,872386,385
1991 Interest32,2773,71515788,6779,2733,09869,5048,6618,91411,1666,3494,674151,2225,220402,909
1992 Interest34,0204,391(172)91,04610,96023375,26810,23769312,7247,504(2,880)25,7475,972230,0066,360512,111
1993 Interest34,373(3,292)(166)84,72139022574,183(2,111)67012,860(3,374)(2,783)21,7055,77158,8036,145194,4526,065488,636
1994 Interest21,272(2,445)(123)56,33329016747,284(1,568)4975,227(2,506)(2,067)4,5684,28636,8054,56439,0524,505150,5355,404372,081
1995 Interest26,351(2,932)(148)66,08934720155,457(1,881)5965,185(3,006)(2,479)(5,225)(1,249)34,375(2,925)37,844(844)59,4106,481177,5264,950454,124
1996 Interest30,565(3,385)(171)73,54540123263,014(2,171)6895,963(3,470)(2,862)(12,189)(1,442)33,151(3,377)46,134(975)53,4337,48167,7305,714160,7576,959525,728
1997 Interest34,731(3,846)(194)81,49845626370,404(2,467)7826,066(3,943)(3,252)(18,721)(1,639)33,475(3,837)50,752(1,107)40,9148,50159,2646,49332,0607,90799,0635,836499,460
1998 Interest83,911(9,256)(467)192,2451,097634165,001(5,936)1,88314,278(9,488)(7,825)(65,902)(3,943)75,510(9,234)121,188(2,665)80,18420,458142,34415,62544,18919,029119,47614,043252,88919,1781,268,446
1999 Interest17,111- 0(95)38,681- 012933,054- 03842,616- 0(1,596)(14,623)- 0- 0(1,883)24,550- 0- 04,17227,4773,1867,4943,88016,6592,86429,4353,91150,6763,127251,209
2000 Interest- 0
2001 Interest- 0
Rental Income61,51626,64923,92548,675160,765
- 0
Total Revenues2,377,77672,3782,0233,463,753195,07369,0313,593,961180,030200,7712,110,290153,490104,2122,135,922144,3142,553,150169,9153,194,258207,9442,935,092276,3283,190,315238,1183,146,356281,0133,120,579210,3143,710,467329,9873,385,095406,4572,572,673416,1332,091,028474,1462,558,434597,05250,867,879
Expenses:
Expended ULAE2,184(1,456)54,82176,493199,166(284,971)(28,713)3(19,826)(44,083)(428,373)- 0(474,755)
Estimated ULAE110,698105,302109,000- 0325,000
Excess Insurance865,389816,9881,013,887762,158802,210533,261474,981522,811410,9267,986764,9689,983793,5379,983876,72025,416797,20830,1241,193,7118,2391,180,50710,3821,362,53212,14913,286,056
Other369,91315,303574353,77921,8728,267556,49732,98434,613754,69062,73247,565689,03544,159704,05959,764834,98563,229941,80182,648962,66571,6521,039,63787,144909,20259,1051,059,19694,8231,138,606140,314930,753141,574921,598184,265873,613191,62714,484,244
Subtotal1,235,30215,3035741,170,76721,8728,2671,572,56832,98434,6131,515,39262,73247,5651,546,06644,1591,313,81359,7641,619,83063,2291,179,64182,6481,344,87879,6381,909,91097,1271,682,91369,0881,891,833120,2391,616,441170,4382,124,464149,8132,102,105194,6472,236,145203,77627,620,545
Claims:- 0
Paid851,710- 0830,902- 0- 0534,3215,367200,826- 01,174,8765,785708,32312,386458,08842,9391,115,73423,056720,52216,9721,082,32116,066782,44722,8301,349,32750,0491,284,722105,059515,92621,937441,00024,273303,46782,06912,783,300
Reserved/IBNR- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 084,997- 030,743- 0116,265- 0254,217- 049,200- 0187,237- 0277,6631,9121,002,2345319842
- 0
Total Claims Expense851,710- 0- 0830,902- 0- 0534,321- 05,367200,826- 0- 01,174,8765,785708,32312,386458,08842,9391,115,73423,056720,52216,9721,167,31816,066813,19022,8301,465,59250,0491,538,939105,059565,12621,937628,23724,273581,13083,98113,785,534(1,083,606)(734,214)349,392
Change in Accounting Principle- 0
Contribution Rebates- 0
1992 Dividend(5,197)(49,822)(143,026)(122,119)(320,164)
1993 Dividend(57,779)(163,949)(145,294)(123,358)(490,380)
1995 Dividend(127,796)(167,992)(124,943)(420,731)
2002 Dividend(303,105)(303,105)
Retained Earnings Before Interest290,764(704)(3,748)1,462,0839,25210,9431,487,0721,75217,765394,072(32,601)(65,472)(585,020)(33,426)531,014(70,227)1,116,340(23,168)639,717170,6241,124,915141,50869,128167,821624,476118,396353,042159,700229,715130,960(116,917)244,383(639,314)255,226(258,841)309,2958,230,525
Reallocation of:
Change in Accounting Princ.- 0
ULAE:- 0
1988 Allocation88,833(88,833)- 0
1989 Allocation180,40931,218(211,627)- 0
1990 Allocation59,977179,93273,021(312,929)- 0
1991 Allocation43,50911,83219,7784,667(79,787)- 0
1992 Allocation- 0- 0- 0- 01,187(1,187)- 0
1993 Allocation25,80022,76425,80319,30954,91927,659(176,253)- 0
1994 Allocation4,7653,9374,0572,7453,9803,3567,965(30,806)- 0
1995 Allocation16,8165,605- 0- 0- 0- 0- 0- 0(22,422)- 0
1996 Allocation9,576- 0- 01,59615,95923,93973,57310,57322,982(158,197)- 0
1997 Allocation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
1998 Allocation2,4646,1532,0971,1359,4412,07715,040- 09,44127,53542,483(117,866)-
Recommended