W R Berkley : Supplementary Schedule P Information 2020 – Reinsurance Non-Proportional Assumed Liability
March 02, 2021 at 09:03 am
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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.
W. R. Berkley Corporation is a holding company organised around 2 areas of activity:
- insurance (87.4% of net written premiums): non-life insurance (property, accident, health, professional liability, energy and marine, automobile, home, travel, fire, commercial, engineering and miscellaneous risks) and life insurance;
- reinsurance (12.6%): business insured mainly in the United States, the United Kingdom, continental Europe, Australia, Asia-Pacific and South Africa.