Sheet1
REINSURANCE - NONPROPORTIONAL ASSUMED LIABILITY
Berkley Insurance Company's annual statement includes 100% of the pooled business of its U. S. insurance subsidiaries. The business is written and managed by more than 50 separate, autonomous profit centers, each with its own unique underwriting philosophy, claims handling, case reserving practices, and policy terms and conditions. Most of the profit centers specialize in specific classes of business or territories, and have varying levels of maturity in their historical data. We evaluate our reserves by line or class of business within each individual operating unit. This process provides a more accurate assessment of reserves because the data sets are homogeneous.
Schedule P, on the other hand, is an amalgamation of numerous businesses with very different loss emergence and payment patterns into a single statutory line of business. Further, changes in the relative size of our operating units over time creates distortions when using the unadjusted Schedule P data to estimate required reserves.
While it is impractical for competitive reasons to disclose the individual data sets used in our analysis, we are providing additional information for three of our largest reserve lines of business, Workers' Compensation, Other Liability - Occurrence and Reinsurance - Nonproportional Assumed Liability, which should enable a more meaningful analysis. These three lines of business are the most affected by the issue of data heterogeneity and demonstrate the sensitivity of reserve analysis to using appropriate data groupings.
Reinsurance Non-Proportional Assumed Liability is divided into two sub-categories, Assumed XS WC and Other Assumed XS Liabilty. The Assumed XS WC data includes the majority of the Company's assumed excess workers' compenation business. Excess workers' compensation typically has a longer tail than most other types of assumed liability reinsurance and different payout patterns.
Schedule P provides only 10 years of data, which is insufficient to analyze extremely long-tailed lines such as Excess Workers Compensation. The paid method is particularly not meaningful.
Reins Liab
ANNUAL STATEMENT FOR THE YEAR 2020 OF THE Berkley Insurance Company FOR Reinsurance Liability Segment Reinsurance Liability
FOR: Reinsurance Liability
PART 1
Years in Which Premiums Were Earned and Losses Were Incurred Premiums Earned Loss and Loss Expense Payments
1 2 3 Loss Payments Defense and Cost Containment Payments Adjusting and Other Payments 10 11
Salvage and Subrogation Received Total Net Paid Cols (4 - 5 + 6 - 7 + 8 - 9)
4 5 6 7 8 9
Direct and Assumed Ceded Net Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded
PRIOR XXX XXX XXX 27,102 351 2,049 338 1,281 0 0 29,743
2011 206,408 3,717 202,691 107,251 4,294 4,230 12 2,425 0 0 109,600
2012 235,085 5,653 229,432 122,429 5,987 4,853 231 2,797 0 0 123,861
2013 270,368 9,434 260,934 93,551 4,671 5,607 241 2,487 246 4 96,487
2014 278,721 12,208 266,513 133,000 4,902 5,520 13 2,668 326 192 135,947
2015 266,112 11,898 254,214 128,652 12,524 3,947 277 2,087 38 3 121,847
2016 251,906 15,101 236,805 104,302 13,145 3,929 230 1,161 11 47 96,006
2017 241,265 15,568 225,697 71,519 3,018 2,037 103 1,318 2 1 71,751
2018 239,325 13,310 226,015 50,548 1,706 696 169 954 1 1 50,322
2019 257,389 12,165 245,224 31,157 12,064 389 1 718 3 0 20,196
2020 319,611 14,976 304,635 8,009 21 27 0 571 0 0 8,586
Totals XXX XXX XXX 877,520 62,683 33,284 1,615 18,467 627 248 864,346
Losses Unpaid Defense and Cost Containment Unpaid Adjusting and Other Unpaid 23 24
Case Basis Bulk & IBNR Case Basis Bulk & IBNR Salvage and Subrogation Anticipated Total Net Losses and Expenses Unpaid
13 14 15 16 17 18 19 20 21 22
Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded
PRIOR 259,961 27,012 80,391 20,597 6,668 1,940 1,822 3 8,359 0 1,204 307,649
2011 29,783 0 7,319 124 186 0 99 14 876 0 0 38,125
2012 29,686 22 7,787 189 397 0 342 21 596 0 0 38,576
2013 24,841 242 11,474 135 342 0 515 15 328 0 0 37,108
2014 44,461 906 16,759 813 935 0 1,245 84 833 0 0 62,430
2015 60,905 4,580 23,654 220 1,613 96 1,302 46 1,178 0 0 83,710
2016 77,368 6,926 41,749 2,896 1,248 117 2,671 247 1,686 0 0 114,536
2017 72,168 7,723 46,363 3,736 1,258 105 3,638 296 1,683 0 0 113,250
2018 47,821 1,597 64,564 4,680 1,058 58 5,944 405 1,778 0 0 114,425
2019 34,860 237 82,485 409 307 3 7,176 (44) 1,738 0 0 125,961
2020 14,087 58 149,342 4,878 75 16,636 471 3,611 0 0 178,344
Totals 695,941 49,303 531,887 38,677 14,087 2,319 41,390 1,558 22,666 0 1,204 1,214,114
Loss and Loss Expense Percentage (Incurred / Premiums Earned) 34 Net Balance Sheet Reserves After Discount
Total Losses and Loss Expenses Incurred Nontabular Discount Inter-Company Pooling Participation Percentage
26 27 28 29 30 31 32 33 35 36
Direct and Assumed Ceded Net Direct and Assumed Ceded Net Loss Loss Expense Losses Unpaid Loss Expenses Unpaid
PRIOR XXX XXX XXX XXX XXX XXX 31,614 0 XXX 261,129 14,906
2011 152,169 4,444 147,725 73.7 119.6 72.9 5,297 0 31,681 1,147
2012 168,887 6,450 162,437 71.8 114.1 70.8 3,414 0 33,848 1,314
2013 139,145 5,550 133,595 51.5 58.8 51.2 273 0 35,665 1,170
2014 205,421 7,044 198,377 73.7 57.7 74.4 1,061 0 58,440 2,929
2015 223,338 17,781 205,557 83.9 149.4 80.9 139 0 79,620 3,951
2016 234,114 23,572 210,542 92.9 156.1 88.9 964 0 108,331 5,241
2017 199,984 14,983 185,001 82.9 96.2 82.0 237 0 106,835 6,178
2018 173,363 8,616 164,747 72.4 64.7 72.9 97 0 106,011 8,317
2019 158,830 12,673 146,157 61.7 104.2 59.6 128 0 116,571 9,262
2020 192,358 5,428 186,930 60.2 36.2 61.4 248 0 158,245 19,851
Totals XXX XXX XXX XXX XXX XXX 43,472 0 XXX 1,096,376 74,266
PART 2
Years in Which Losses Were Incurred INCURRED NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END DEVELOPMENT
1 2 3 4 5 6 7 8 9 10 11 12
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 One Year Two Year
PRIOR 1,155,338 1,147,735 1,139,874 1,135,549 1,110,218 1,111,296 1,120,969 1,099,510 1,105,483 1,110,247 4,764 10,737
2011 143,069 156,598 147,307 152,673 156,215 156,530 149,070 144,035 148,467 147,038 (1,429) 3,003
2012 XXX 158,929 145,597 148,737 142,075 160,654 165,496 159,660 157,293 160,409 3,116 749
2013 XXX XXX 155,777 142,769 134,178 121,941 132,953 129,545 132,405 131,324 (1,081) 1,779
2014 XXX XXX XXX 166,020 171,695 170,806 185,615 185,368 185,945 196,051 10,106 10,683
2015 XXX XXX XXX XXX 154,041 151,602 159,540 165,857 199,262 202,556 3,294 36,699
2016 XXX XXX XXX XXX XXX 143,156 151,969 158,277 177,837 208,211 30,374 49,934
2017 XXX XXX XXX XXX XXX XXX 139,466 146,457 162,491 182,343 19,852 35,886
2018 XXX XXX XXX XXX XXX XXX XXX 147,775 145,996 162,174 16,178 14,399
2019 XXX XXX XXX XXX XXX XXX XXX XXX 140,891 143,912 3,021 XXX
2020 XXX XXX XXX XXX XXX XXX XXX XXX XXX 183,136 XXX XXX
Totals 88,195 163,869
PART 3
Years in Which Losses Were Incurred CUMULATIVE PAID NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END
1 2 3 4 5 6 7 8 9 10
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
PRIOR XXX 154,304 282,586 417,353 516,293 597,684 662,697 714,380 756,952 785,413
2011 684 10,823 28,399 50,840 69,089 82,570 87,450 95,036 101,651 107,175
2012 XXX 2,444 7,338 29,543 45,197 70,178 87,074 97,664 107,117 121,063
2013 XXX XXX 910 9,493 28,615 46,166 62,642 75,794 85,823 94,246
2014 XXX XXX XXX 1,988 21,831 44,034 67,772 96,278 116,340 133,605
2015 XXX XXX XXX XXX 3,658 22,197 41,564 69,357 103,412 119,797
2016 XXX XXX XXX XXX XXX 4,763 27,765 45,301 76,993 94,857
2017 XXX XXX XXX XXX XXX XXX 1,980 16,878 34,221 70,434
2018 XXX XXX XXX XXX XXX XXX XXX 3,781 29,985 49,369
2019 XXX XXX XXX XXX XXX XXX XXX XXX 1,889 19,481
2020 XXX XXX XXX XXX XXX XXX XXX XXX XXX 8,015
PART 4
Years in Which Losses Were Incurred BULK AND IBNR RESERVES ON NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END
1 2 3 4 5 6 7 8 9 10
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
PRIOR 606,933 474,563 352,519 272,060 191,247 149,184 121,908 88,165 76,690 69,328
2011 125,605 99,842 64,731 50,757 34,214 29,340 20,715 13,596 10,026 8,336
2012 XXX 139,674 99,167 72,903 46,179 39,154 26,159 16,826 9,692 8,691
2013 XXX XXX 136,702 96,416 66,267 39,879 27,428 17,956 15,274 12,051
2014 XXX XXX XXX 143,704 93,915 67,323 43,129 26,823 20,679 17,399
2015 XXX XXX XXX XXX 123,454 92,080 58,125 34,341 31,251 24,918
2016 XXX XXX XXX XXX XXX 118,935 80,128 48,091 43,088 41,475
2017 XXX XXX XXX XXX XXX XXX 111,590 85,626 56,834 46,157
2018 XXX XXX XXX XXX XXX XXX XXX 127,901 75,648 65,581
2019 XXX XXX XXX XXX XXX XXX XXX XXX 121,686 89,496
2020 XXX XXX XXX XXX XXX XXX XXX XXX XXX 161,018
Assumed XS WC
ANNUAL STATEMENT FOR THE YEAR 2020 OF THE Berkley Insurance Company FOR Assumed XS WC Segment Assumed XS WC
FOR: Reinsurance Liability
PART 1
Years in Which Premiums Were Earned and Losses Were Incurred Premiums Earned Loss and Loss Expense Payments
1 2 3 Loss Payments Defense and Cost Containment Payments Adjusting and Other Payments 10 11
Salvage and Subrogation Received Total Net Paid Cols (4 - 5 + 6 - 7 + 8 - 9)
4 5 6 7 8 9
Direct and Assumed Ceded Net Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded
PRIOR XXX XXX XXX 6,712 260 10 0 548 0 0 7,010
2011 58,769 0 63,642 16,705 0 10 0 919 0 0 17,633
2012 37,101 0 58,769 17,469 0 8 0 633 0 0 18,110
2013 11,705 0 37,101 0 0 0 0 23 0 0 23
2014 10,712 0 11,705 1,452 0 2 0 210 0 0 1,664
2015 7,568 0 10,712 1,457 0 0 0 18 0 0 1,476
2016 5,539 0 7,568 0 0 0 0 41 0 0 41
2017 5,068 (0) 5,539 0 0 0 0 23 0 0 23
2018 3,208 0 5,058 0 0 0 0 49 0 0 49
2019 3,432 0 3,206 0 0 0 0 217 0 0 217
2020 4,440 0 3,390 0 0 0 0 252 0 0 252
Totals XXX XXX XXX 43,795 260 30 0 2,934 0 0 46,499
Losses Unpaid Defense and Cost Containment Unpaid Adjusting and Other Unpaid 23 24
Case Basis Bulk & IBNR Case Basis Bulk & IBNR Salvage and Subrogation Anticipated Total Net Losses and Expenses Unpaid
13 14 15 16 17 18 19 20 21 22
Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded
PRIOR 131,024 17,170 35,944 1,949 9 0 0 0 5,429 0 0 153,286
2011 23,163 0 5,702 0 3 0 0 0 783 0 0 29,651
2012 13,204 0 4,059 0 1 0 0 0 390 0 0 17,653
2013 791 0 1,085 0 0 0 0 0 87 0 0 1,962
2014 4,827 0 1,469 0 0 0 0 0 216 0 0 6,512
2015 0 0 1,116 0 0 0 0 0 59 0 0 1,175
2016 3,894 0 975 0 0 0 0 0 151 0 0 5,020
2017 848 0 910 0 0 0 0 0 88 0 0 1,846
2018 0 0 742 0 0 0 0 0 42 0 0 784
2019 31 0 912 0 0 0 0 0 51 0 0 993
2020 0 0 1,578 0 0 0 0 0 401 0 0 1,979
Totals 177,781 17,170 54,492 1,949 14 0 0 0 7,696 0 0 220,862
Loss and Loss Expense Percentage (Incurred / Premiums Earned) 34 Net Balance Sheet Reserves After Discount
Total Losses and Loss Expenses Incurred Nontabular Discount Inter-Company Pooling Participation Percentage
26 27 28 29 30 31 32 33 35 36
Direct and Assumed Ceded Net Direct and Assumed Ceded Net Loss Loss Expense Losses Unpaid Loss Expenses Unpaid
PRIOR XXX XXX XXX XXX XXX XXX 21,923 XXX 125,925 5,438
2011 47,284 0 47,284 80.5 74.3 5,290 23,574 786
2012 35,763 0 35,763 96.4 60.9 3,408 13,854 391
2013 1,985 0 1,985 17.0 5.4 273 1,602 87
2014 8,176 0 8,176 76.3 69.9 1,061 5,235 216
2015 2,650 0 2,650 35.0 24.7 139 977 59
2016 5,061 0 5,061 91.4 66.9 964 3,905 151
2017 1,870 0 1,870 36.9 0.0 33.8 237 1,521 88
2018 834 0 834 26.0 16.5 97 645 42
2019 1,210 0 1,210 35.3 37.7 128 815 51
2020 2,231 0 2,231 50.3 65.8 223 1,355 401
Totals XXX XXX XXX XXX XXX XXX 6,531 0 XXX 179,408 7,709
PART 2
Years in Which Losses Were Incurred INCURRED NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END DEVELOPMENT
1 2 3 4 5 6 7 8 9 10 11 12
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 One Year Two Year
PRIOR 382,291 376,162 374,622 350,163 358,109 353,495 337,495 312,714 311,386 308,612 (2,774) (4,102)
2011 39,056 53,906 53,906 50,681 52,131 51,896 48,097 45,797 49,202 48,191 (1,011) 2,394
2012 XXX 27,487 29,487 39,897 42,397 42,082 41,002 38,002 35,751 36,100 349 (1,902)
2013 XXX XXX 11,903 5,501 4,301 3,501 3,001 2,501 2,100 2,175 75 (326)
2014 XXX XXX XXX 4,900 9,000 10,000 10,000 9,500 8,405 8,600 194 (900)
2015 XXX XXX XXX XXX 4,604 3,500 3,000 3,500 2,650 2,800 150 (700)
2016 XXX XXX XXX XXX XXX 3,402 3,000 5,200 5,198 5,375 177 175
2017 XXX XXX XXX XXX XXX XXX 2,786 2,500 1,530 2,100 570 (400)
2018 XXX XXX XXX XXX XXX XXX XXX 1,494 714 900 186 (594)
2019 XXX XXX XXX XXX XXX XXX XXX XXX 1,274 1,150 (124) XXX
2020 XXX XXX XXX XXX XXX XXX XXX XXX XXX 1,942 XXX XXX
Totals (2,208) (6,356)
PART 3
Years in Which Losses Were Incurred CUMULATIVE PAID NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END
1 2 3 4 5 6 7 8 9 10
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
PRIOR XXX 15,758 34,563 80,959 92,500 107,524 120,083 130,192 138,439 144,901
2011 0 1,255 4,733 6,348 11,243 12,794 12,584 13,880 15,477 16,714
2012 XXX 96 2,535 9,600 12,552 14,360 15,071 16,184 16,643 17,477
2013 XXX XXX 0 0 0 0 0 0 0 0
2014 XXX XXX XXX 0 473 790 1,098 1,266 1,207 1,454
2015 XXX XXX XXX XXX 0 0 0 1,453 1,453 1,458
2016 XXX XXX XXX XXX XXX 0 0 0 0 0
2017 XXX XXX XXX XXX XXX XXX 0 0 0 0
2018 XXX XXX XXX XXX XXX XXX XXX 0 0 0
2019 XXX XXX XXX XXX XXX XXX XXX XXX 0 0
2020 XXX XXX XXX XXX XXX XXX XXX XXX XXX 0
PART 4
Years in Which Losses Were Incurred BULK AND IBNR RESERVES ON NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END
1 2 3 4 5 6 7 8 9 10
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
PRIOR 0 15,758 34,563 80,959 92,500 97,993 84,889 69,076 62,027 61,083
2011 0 1,255 4,733 6,348 11,243 14,967 12,520 8,435 7,064 6,752
2012 XXX 96 2,535 9,600 12,552 11,515 9,368 6,579 4,589 4,825
2013 XXX XXX 0 0 0 3,174 2,565 2,058 1,293 1,296
2014 XXX XXX XXX 0 473 3,446 2,626 2,058 1,636 1,761
2015 XXX XXX XXX XXX 0 3,184 2,011 2,046 1,197 1,342
2016 XXX XXX XXX XXX XXX 2,945 2,233 1,161 1,049 1,175
2017 XXX XXX XXX XXX XXX XXX 2,577 2,151 1,280 1,098
2018 XXX XXX XXX XXX XXX XXX XXX 1,494 714 900
2019 XXX XXX XXX XXX XXX XXX XXX XXX 1,274 1,113
2020 XXX XXX XXX XXX XXX XXX XXX XXX XXX 1,942
Excluding XS WC
ANNUAL STATEMENT FOR THE YEAR 2020 OF THE Berkley Insurance Company FOR Reinsurance Liability x Assumed WC Segment Reinsurance Liability x Assumed WC
FOR: Reinsurance Liability
PART 1
Years in Which Premiums Were Earned and Losses Were Incurred Premiums Earned Loss and Loss Expense Payments
1 2 3 Loss Payments Defense and Cost Containment Payments Adjusting and Other Payments 10 11
Salvage and Subrogation Received Total Net Paid Cols (4 - 5 + 6 - 7 + 8 - 9)
4 5 6 7 8 9
Direct and Assumed Ceded Net Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded
PRIOR XXX XXX XXX 20,390 91 2,039 338 733 0 0 22,733
2011 147,639 3,717 139,049 90,546 4,294 4,220 12 1,506 0 0 91,967
2012 197,984 5,653 170,663 104,960 5,987 4,845 231 2,164 0 0 105,751
2013 258,663 9,434 223,833 93,551 4,671 5,607 241 2,464 246 4 96,464
2014 268,009 12,208 254,808 131,548 4,902 5,518 13 2,458 326 192 134,283
2015 258,544 11,898 243,502 127,195 12,524 3,947 277 2,069 38 3 120,371
2016 246,367 15,101 229,237 104,302 13,145 3,929 230 1,120 11 47 95,965
2017 236,197 15,568 220,158 71,519 3,018 2,037 103 1,295 2 1 71,728
2018 236,117 13,310 220,957 50,548 1,706 696 169 905 1 1 50,273
2019 253,957 12,165 242,018 31,157 12,064 389 1 501 3 0 19,979
2020 315,171 14,976 301,245 8,009 21 27 0 319 0 0 8,334
Totals XXX XXX XXX 833,725 62,423 33,254 1,615 15,533 627 248 817,847
Losses Unpaid Defense and Cost Containment Unpaid Adjusting and Other Unpaid 23 24
Case Basis Bulk & IBNR Case Basis Bulk & IBNR Salvage and Subrogation Anticipated Total Net Losses and Expenses Unpaid
13 14 15 16 17 18 19 20 21 22
Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded Direct and Assumed Ceded
PRIOR 128,937 9,842 44,447 18,648 6,659 1,940 1,822 3 2,930 0 1,204 154,363
2011 6,620 0 1,617 124 183 0 99 14 93 0 0 8,474
2012 16,482 22 3,728 189 396 0 342 21 206 0 0 20,923
2013 24,050 242 10,389 135 342 0 515 15 241 0 0 35,146
2014 39,634 906 15,290 813 935 0 1,245 84 617 0 0 55,918
2015 60,905 4,580 22,538 220 1,613 96 1,302 46 1,119 0 0 82,535
2016 73,474 6,926 40,774 2,896 1,248 117 2,671 247 1,535 0 0 109,516
2017 71,320 7,723 45,453 3,736 1,258 105 3,638 296 1,595 0 0 111,404
2018 47,821 1,597 63,822 4,680 1,058 58 5,944 405 1,736 0 0 113,641
2019 34,829 237 81,573 409 307 3 7,176 (44) 1,687 0 0 124,968
2020 14,087 58 147,764 4,878 75 0 16,636 471 3,210 0 0 176,365
Totals 518,160 32,133 477,395 36,728 14,073 2,319 41,390 1,558 14,970 0 1,204 993,252
Loss and Loss Expense Percentage (Incurred / Premiums Earned) 34 Net Balance Sheet Reserves After Discount
Total Losses and Loss Expenses Incurred Nontabular Discount Inter-Company Pooling Participation Percentage
26 27 28 29 30 31 32 33 35 36
Direct and Assumed Ceded Net Direct and Assumed Ceded Net Loss Loss Expense Losses Unpaid Loss Expenses Unpaid
PRIOR XXX XXX XXX XXX XXX XXX 0 0 XXX 144,895 9,468
2011 104,885 4,444 100,441 71.0 119.6 72.2 0 0 8,114 361
2012 133,124 6,450 126,674 67.2 114.1 74.2 0 0 19,999 923
2013 137,160 5,550 131,610 53.0 58.8 58.8 0 0 34,063 1,083
2014 197,245 7,044 190,201 73.6 57.7 74.6 0 0 53,205 2,713
2015 220,688 17,781 202,907 85.4 149.4 83.3 0 0 78,643 3,892
2016 229,053 23,572 205,481 93.0 156.1 89.6 0 0 104,425 5,090
2017 198,114 14,983 183,131 83.9 96.2 83.2 0 0 105,314 6,090
2018 172,529 8,616 163,913 73.1 64.7 74.2 0 0 105,366 8,275
2019 157,620 12,673 144,947 62.1 104.2 59.9 0 0 115,756 9,211
2020 190,127 5,428 184,699 60.3 36.2 61.3 0 0 156,915 19,450
Totals XXX XXX XXX XXX XXX XXX 0 0 XXX 926,695 66,557
PART 2
Years in Which Losses Were Incurred INCURRED NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END DEVELOPMENT
1 2 3 4 5 6 7 8 9 10 11 12
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 One Year Two Year
PRIOR XXX 771,573 765,252 785,386 752,109 757,801 783,474 786,796 794,097 801,635 7,538 14,839
2011 104,013 102,692 93,401 101,992 104,084 104,634 100,973 98,238 99,265 98,847 (418) 609
2012 XXX 131,442 116,110 108,840 99,678 118,572 124,494 121,658 121,542 124,309 2,767 2,651
2013 XXX XXX 143,874 137,268 129,877 118,440 129,952 127,044 130,305 129,149 (1,156) 2,105
2014 XXX XXX XXX 161,120 162,695 160,806 175,615 175,868 177,540 187,451 9,912 11,583
2015 XXX XXX XXX XXX 149,437 148,102 156,540 162,357 196,612 199,756 3,144 37,399
2016 XXX XXX XXX XXX XXX 139,754 148,969 153,077 172,639 202,836 30,197 49,759
2017 XXX XXX XXX XXX XXX XXX 136,680 143,957 160,961 180,243 19,282 36,286
2018 XXX XXX XXX XXX XXX XXX XXX 146,281 145,282 161,274 15,992 14,993
2019 XXX XXX XXX XXX XXX XXX XXX XXX 139,617 142,762 3,145 XXX
2020 XXX XXX XXX XXX XXX XXX XXX XXX XXX 181,194 XXX XXX
Totals 90,403 170,225
PART 3
Years in Which Losses Were Incurred CUMULATIVE PAID NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END
1 2 3 4 5 6 7 8 9 10
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
PRIOR ERROR:#VALUE! 138,546 248,023 336,394 423,793 490,160 542,614 584,188 618,513 640,512
2011 684 9,568 23,666 44,492 57,846 69,776 74,866 81,156 86,174 90,461
2012 XXX 2,348 4,803 19,943 32,645 55,818 72,003 81,480 90,474 103,586
2013 XXX XXX 910 9,493 28,615 46,166 62,642 75,794 85,823 94,246
2014 XXX XXX XXX 1,988 21,358 43,244 66,674 95,012 115,133 132,151
2015 XXX XXX XXX XXX 3,658 22,197 41,564 67,904 101,959 118,339
2016 XXX XXX XXX XXX XXX 4,763 27,765 45,301 76,993 94,857
2017 XXX XXX XXX XXX XXX XXX 1,980 16,878 34,221 70,434
2018 XXX XXX XXX XXX XXX XXX XXX 3,781 29,985 49,369
2019 XXX XXX XXX XXX XXX XXX XXX XXX 1,889 19,481
2020 XXX XXX XXX XXX XXX XXX XXX XXX XXX 8,015
PART 4
Years in Which Losses Were Incurred BULK AND IBNR RESERVES ON NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END
1 2 3 4 5 6 7 8 9 10
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
PRIOR 606,933 458,805 317,956 191,101 98,747 51,191 37,019 19,089 14,663 8,245
2011 125,605 98,587 59,998 44,409 22,971 14,373 8,195 5,161 2,962 1,584
2012 XXX 139,578 96,632 63,303 33,627 27,639 16,791 10,247 5,103 3,866
2013 XXX XXX 136,702 96,416 66,267 36,705 24,863 15,898 13,981 10,755
2014 XXX XXX XXX 143,704 93,442 63,877 40,503 24,765 19,043 15,638
2015 XXX XXX XXX XXX 123,454 88,896 56,114 32,295 30,054 23,576
2016 XXX XXX XXX XXX XXX 115,990 77,895 46,930 42,039 40,300
2017 XXX XXX XXX XXX XXX XXX 109,013 83,475 55,554 45,059
2018 XXX XXX XXX XXX XXX XXX XXX 126,407 74,934 64,681
2019 XXX XXX XXX XXX XXX XXX XXX XXX 120,412 88,383
2020 XXX XXX XXX XXX XXX XXX XXX XXX XXX 159,076

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W.R. Berkley Corporation published this content on 01 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2021 09:02:06 UTC.