Excess Premiums in 1996 for Texas PP Automobile Insurance |
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Physical |
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PIP |
Liability |
Damage |
Total |
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No Dividend |
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1 |
Incurred Loss and ALAE Ratio |
78.0% |
58.9% |
77.0% |
78.49% |
59.20% |
77.59% |
78.0% |
58.9% |
77.0% |
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2 |
ULAE Factor |
1.120 |
1.120 |
1.128 |
1.120 |
1.120 |
1.128 |
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3 |
Loss and LAE Ratio |
87.4% |
65.9% |
86.9% |
87.9% |
66.3% |
87.5% |
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4 |
Variable Expenses |
7.8% |
7.8% |
9.6% |
7.8% |
7.8% |
9.6% |
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5 |
Fixed Expenses |
9.6% |
9.6% |
10.0% |
9.6% |
9.6% |
10.0% |
|||||
6 |
Percentage Excessive |
-5.3% |
18.5% |
-7.2% |
9.3% |
|||||||
7 |
Earned Premium ($ 000) |
$362,977 |
$5,025,009 |
$2,483,921 |
$7,871,907 |
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8 |
Excessive Premium ($ 000) |
-$19,215 |
$927,540 |
-$179,475 |
$728,850 |
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Excess Premiums in 1997 for Texas PP Automobile Insurance |
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Physical |
||||||||||||
PIP |
Liability |
Damage |
Total |
|||||||||
1 |
Incurred Loss and ALAE Ratio |
69.2% |
55.4% |
71.7% |
19.1 |
0.72078 |
0.682221 |
343629864 |
345229953 |
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19.2 |
0.560923 |
0.520515 |
5220301329 |
5214815632 |
||||||||
2 |
ULAE Factor |
1.120 |
1.120 |
1.128 |
19.3 |
0.396282 |
0.512412 |
21962771 |
22115077 |
|||
19.4 |
0.685685 |
0.689819 |
899962975 |
893462422 |
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3 |
Loss and LAE Ratio |
77.5% |
62.0% |
80.8% |
21.1 |
0.677889 |
0.703793 |
2729438573 |
2657553400 |
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4 |
Variable Expenses |
7.8% |
7.8% |
9.6% |
8293369766 |
8217598985 |
||||||
0.691982 |
||||||||||||
5 |
Fixed Expenses |
9.6% |
9.6% |
10.0% |
0.553851 |
|||||||
6 |
Percentage Excessive |
5.6% |
22.8% |
-0.5% |
14.5% |
|||||||
0.716591 |
||||||||||||
7 |
Earned Premium ($ 000) |
$345,230 |
$5,214,816 |
$2,657,553 |
$8,217,599 |
|||||||
8 |
Excessive Premium ($ 000) |
$19,469 |
$1,186,527 |
-$12,739 |
$1,193,257 |
|||||||
Excess Premiums in 1998 for Texas PP Automobile Insurance |
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Physical |
||||||||||||
PIP |
Liability |
Damage |
Total |
|||||||||
1 |
Incurred Loss and ALAE Ratio |
63.9% |
58.8% |
72.1% |
||||||||
2 |
ULAE Factor |
1.120 |
1.120 |
1.128 |
||||||||
3 |
Loss and LAE Ratio |
71.6% |
65.8% |
81.3% |
||||||||
4 |
Variable Expenses |
7.8% |
7.8% |
9.6% |
||||||||
5 |
Fixed Expenses |
9.6% |
9.6% |
10.0% |
||||||||
6 |
Percentage Excessive |
12.1% |
18.6% |
-1.0% |
11.3% |
|||||||
7 |
Earned Premium ($ 000) |
$360,444 |
$5,099,982 |
$3,030,757 |
$8,491,183 |
|||||||
8 |
Excessive Premium ($ 000) |
$43,765 |
$946,291 |
-$29,668 |
$960,388 |
|||||||
Excess Premiums from 1996-1998 for Texas PP Automobile Insurance |
||||||||||||
Earned Premium ($ 000) |
$1,068,652 |
$15,339,807 |
$8,172,231 |
$24,580,690 |
||||||||
Excessive Premium ($ 000) |
$44,020 |
$3,060,358 |
-$221,882 |
$2,882,495 |
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Notes: See Technical Appendix for Explanation of Methodology |
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