HOMEOWNERS MULTIPLE PERIL INSURANCE UNDERWRITING SNAPSHOT, 2010 (1)
Net premiums earned ($000) $59,721,095
Components of underwriting, as a percent
of net premiums earned
 
     Incurred losses 66.4%
     Loss adjustment expenses 10.1
     Total loss and loss adjustment expenses 76.5
     Commissions and brokerage expenses incurred 13.1
     Other underwriting expenses incurred 17.7
     Total underwriting expenses incurred 30.8
     Dividends to policyholders  0.5
     Investment gains on funds attributable to
     insurance transactions and other income
3.1
Combined ratio after dividends 107.0
Overall operating ratio (2) 103.9

(1) After reinsurance transactions.
(2) Combined ratio after dividends, minus investment gains on funds attributable to insurance transactions and other income. Calculated by the Insurance Information Institute, based on SNL data.

Source: SNL Financial LC.