-15-
1986 to 1996:
Ultimate Net Losses & Allocated Loss Adjustment Expenses
(Schedule P - Part 2 - Summary Of Annual Statement)1
(in thousands)
Year 1986 1987 1988 989 1990 1991 1992 1993 1994 1995 1996
1986 $3,865 $2,492 $2,414 $2,191 $2,191 $2,205 $2,205 $2,257 $2,256 $2,255 2
1987 -- 9,077 7,270 6,655 7,050 7,250 7,250 7,054 6,961 6,958 $6,908
1988 -- -- 15,127 11,372 9,400 9,250 9,250 8,624 8,045 7,751 7,501
1989 -- -- -- 15,559 12,250 12,250 11,250 10,346 9,077 8,564 7,439
1990 -- -- -- -- 17,403 15,278 14,528 13,882 12,905 12,153 11,129
1991 -- -- -- -- -- 17,125 15,000 14,520 13,747 13,556 11,979
1992 -- -- -- -- -- -- 17,534 17,607 17,046 16,769 16,682
1993 -- -- -- -- -- -- -- 16,225 16,110 15,746 15,797
1994 -- -- -- -- -- -- -- -- 18,141 17,532 17,122
1995 -- -- -- -- -- -- -- -- -- 18,758 19,137
1996 -- -- -- -- -- -- -- -- -- -- 21,520
Total 3,865 11,569 24,811 35,777 48,294 63,358 77,017 90,515 104,288 120,042 135,214
1The initial estimate is the first entry for each year in the vertical
axis; the reestimates are shown on the horizontal axis.
2The 1986 information was not individually available on the 1996 annual
statement.
In 1991 and 1992, medical malpractice loss experience was
favorable for coverage years 1986-90.
4. Dividends
Petitioner declared and paid dividends to its policyholders
from 1988 to 1992 as follows:
Year Dividend amount
1988 $1,500,000
1989 1,500,000
1990 2,000,000
1991 2,000,000
1992 2,000,000
5. Premiums
The premiums petitioner charged for its medical malpractice
insurance policies changed as follows:
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