U-Haul 2006 Annual Report Download - page 117
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The following table illustrates the change in unpaid loss and loss adjustment expenses. The first line represents
reserves as originally reported at the end of the stated year. The second section, reading down, represents cumulative
amounts paid as of the end of successive years with respect to that reserve. The third section, reading down,
represents revised estimates of the original recorded reserve as of the end of successive years. The last section
compares the latest revised estimated reserve amount to the reserve amount as originally established. This last
section is cumulative and should not be summed.
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Unpaid Loss and Loss
Adjustment Expenses 341,981$ 332,674$ 384,816$ 344,748$ 334,858$ 382,651$ 448,987$ 399,447$ 416,259$ 380,875$ 346,928$
Paid (Cumulative) as of:
One year later 89,041 89,336 103,752 82,936 117,025 130,471 130,070 100,851 73,384 44,679 -
Two years later 150,001 161,613 174,867 164,318 186,193 203,605 209,525 164,255 114,426 - -
Three years later 195,855 208,168 216,966 218,819 232,883 255,996 266,483 201,346 - - -
Four years later 226,815 232,726 246,819 255,134 264,517 299,681 295,268 - - - -
Five years later 243,855 250,312 269,425 274,819 295,997 320,629 - - - - -
Six years later 254,204 263,645 282,598 297,354 314,281 - - - - - -
Seven years later 264,120 274,249 300,814 311,963 - - - - - - -
Eight years later 273,205 289,614 314,322 - - - - - - - -
Nine years later 286,708 298,449 - - - - - - - - -
Ten years later 294,806 - - - - - - - - - -
Reserved Re-estimated as of:
One year later 353,508 354,776 357,733 339,602 383,264 433,222 454,510 471,029 447,524 388,859
Two years later 369,852 342,164 361,306 371,431 432,714 454,926 523,624 480,713 456,171 -
Three years later 328,445 346,578 369,598 429,598 437,712 517,361 500,566 521,319 - -
Four years later 331,897 349,810 398,899 413,476 480,200 543,554 571,045 - - -
Five years later 339,665 376,142 398,184 443,696 524,548 558,765 - - - -
Six years later 347,664 369,320 428,031 477,975 520,675 - - - - -
Seven years later 344,451 396,197 450,728 485,228 - - - - - -
Eight years later 360,149 423,928 461,082 - - - - - - -
Nine years later 378,778 418,177 - - - - - - - -
Ten years later 364,992 - - - - - - - - -
Cumulative Redundancy
(Deficiency) (23,011)$ (85,503)$ (76,266)$ (140,480)$ (185,817)$ (176,114)$ (122,058)$ (121,872)$ (39,912)$ (7,984)$
Retro Premium Recoverable 623 1,582 3,037 (1,879) 6,797 5,613 21,756 7,036 374 2,233
Re-estimated Reserve: Amount
(Cumulative) (22,388)$ (83,921)$ (73,229)$ (142,359)$ (179,020)$ (170,501)$ (100,302)$ (114,836)$ (39,538)$ (5,751)$
(In thousands)
December 31,
Unpaid Loss and Loss Adjustment Expenses
34