Table 3 |
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The Impact of Policyholder Dividends on Excess Premiums for Texas Private Passenger Automobile Insurance |
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1996 ($ 000) |
|||||||||
PIP |
Liability |
Phys Damage |
Total |
||||||
Earned Premium |
$362,977 |
$5,025,009 |
$2,483,921 |
$7,871,907 |
|||||
Excessive Premium |
-$19,215 |
$927,540 |
-$179,475 |
$728,850 |
0.0925888 |
||||
Policyholder Dividends |
$2,179 |
$29,180 |
$17,646 |
$49,004 |
|||||
Excessive Premium |
-$21,393 |
$898,360 |
-$197,121 |
$679,847 |
|||||
after PHD |
|||||||||
1997 ($ 000) |
|||||||||
PIP |
Liability |
Phys Damage |
Total |
||||||
Earned Premium |
$345,230 |
$5,214,816 |
$2,657,553 |
$8,217,599 |
|||||
Excessive Premium |
$19,469 |
$1,186,527 |
-$12,739 |
$1,193,257 |
0.1452075 |
||||
Policyholder Dividends |
$11,593 |
$138,193 |
$72,107 |
$221,893 |
|||||
0.3693182 |
|||||||||
Excessive Premium |
$7,876 |
$1,048,335 |
-$84,846 |
$971,364 |
|||||
after PHD |
|||||||||
1998 ($ 000) |
-$13,518 |
######## |
-$281,967 |
######## |
|||||
PIP |
Liability |
Phys Damage |
Total |
$254 |
######## |
-$192,214 |
######## |
||
Earned Premium |
$360,444 |
$5,099,982 |
$3,030,757 |
$8,491,183 |
|||||
Excessive Premium |
$43,765 |
$946,291 |
-$29,668 |
$960,388 |
|||||
Policyholder Dividends |
$20,898 |
$234,609 |
$131,684 |
$387,191 |
|||||
Excessive Premium |
$22,867 |
$711,682 |
-$161,352 |
$573,197 |
|||||
after PHD |
|||||||||
$2,658,376 |
$2,224,407 |
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