The Hartford 2009 Annual Report Download - page 107

107
SPECIALTY COMMERCIAL
Underwriting Summary 2009 2008 2007
Written premiums $ 1,127 $ 1,361 $ 1,415
Change in unearned premium reserve (101) (21) (31)
Earned premiums 1,228 1,382 1,446
Losses and loss adjustment expenses
Current accident year before catastrophes 842 941 961
Current accident year catastrophes 2 47 9
Prior accident years (172) (81) 84
Total losses and loss adjustment expenses 672 907 1,054
Amortization of deferred policy acquisition costs 284 313 323
Insurance operating costs and expenses 102 91 87
Underwriting results $ 170 $ 71 $ (18)
Written Premiums 2009 2008 2007
Property $ (16) $ 50 $ 111
Casualty 494 538 534
Professional liability, fidelity and surety 582 691 689
Other 67 82 81
Total $ 1,127 $ 1,361 $ 1,415
Earned Premiums
Property $ 21 $ 87 $ 133
Casualty 496 526 543
Professional liability, fidelity and surety 643 685 685
Other 68 84 85
Total $ 1,228 $ 1,382 $ 1,446
Ratios 2009 2008 2007
Loss and loss adjustment expense ratio
Current accident year before catastrophes 68.6 68.1 66.6
Current accident year catastrophes 0.1 3.4 0.6
Prior accident years (14.0) (5.8) 5.8
Total loss and loss adjustment expense ratio 54.7 65.6 73.0
Expense ratio 31.4 28.3 27.4
Policyholder dividend ratio 0.1 0.9 0.9
Combined ratio 86.2 94.8 101.3
Catastrophe ratio
Current accident year 0.1 3.4 0.6
Prior accident years (0.4) (1.2) 0.1
Total catastrophe ratio (0.3) 2.2 0.7
Combined ratio before catastrophes 86.5 92.6 100.6
Combined ratio before catastrophes and prior accident year development 100.1 97.3 94.9
Other revenues [1] $ 340 $ 371 $ 354
[1] Represents servicing revenue