|
|
| Summarized Statutory Balance Sheet Data |
| |
| |
|
Unaudited |
|
Audited |
| (amounts are USD in thousands) | | 03/31/2010 | | 12/31/2009 |
| Assets |
| Bonds |
|
$1,522,673
|
|
$1,539,360
|
| Common Stocks |
|
101,455
|
|
61,203
|
| Preferred Stocks |
|
27,509
|
|
26,950
|
| Cash and Short-term |
|
303,047
|
|
315,696
|
| Other Invested Assets |
|
155,399
|
|
151,860
|
| Reinsurance Balances Receivable |
|
258,259
|
|
243,983
|
| Other Assets |
|
99,897
|
|
99,058
|
| Total Assets | |
$2,468,239
| |
$2,438,110
|
| |
| Liabilities |
| Unpaid Losses and Loss Adjustment Expenses |
|
$1,300,063
|
|
$1,286,092
|
| Unearned Premiums |
|
141,913
|
|
126,907
|
| Other Liabilities |
|
198,735
|
|
193,090
|
| Total Liabilities | |
$1,640,711
| |
$1,606,089
|
| Policyholders' Surplus | |
$ 827,529
| |
$ 832,021
|
| Total Liabilities & Policyholders' Surplus | |
$2,468,239
| |
$2,438,110
|
| Summarized Statutory Income Statement Data |
| |
Unaudited
|
|
Audited |
| |
For the three months ended |
|
For the year ended |
| (amounts are USD in thousands) | | 03/31/2010 | | 03/31/2009 | | 12/31/2009 |
| Gross Written Premium |
|
$ 177,787
|
|
$ 169,730
|
|
$ 612,011
|
| Net Premium Earned |
|
132,718
|
|
136,896
|
|
498,312
|
| Net Investment Income Earned |
|
15,669
|
|
17,449
|
|
66,554
|
Net Realized Gains (Losses) from Sale of
Investments, Net of Tax |
|
16,670
|
|
(13,381)
|
|
12,154
|
| Total Revenue | |
$ 165,057
| |
$ 140,965
| |
$ 577,020
|
| |
Losses and Loss Adjustment Expenses
Incurred |
|
$ 126,652
|
|
$ 94,629
|
|
$ 341,588
|
| Commissions Incurred |
|
33,971
|
|
29,168
|
|
99,741
|
| Other Operating Expenses |
|
6,713
|
|
7,389
|
|
27,837
|
| Miscellaneous Expenses |
|
1,359
|
|
1,531
|
|
19,213
|
| Total Expenses | |
$ 168,695
| |
$ 132,717
| |
$ 488,378
|
| |
Income (Loss) Before Provision for Income
Taxes |
|
$ (3,638)
|
|
$ 8,248
|
|
$ 88,642
|
| Federal and Foreign Tax Expense (Benefit) |
|
(4,276)
|
|
7,786
|
|
26,158
|
| Net Income (Loss) | |
$ 639
| |
$ 462
| |
$ 62,484
|
Source: White Mountains Reinsurance Company of America's March 31, 2010 and 2009 Statutory Property and Casualty Quarterly Statements (Unaudited) and December 31, 2009 Statutory-Basis Annual Financial Statement (Audited).
|
