U-Haul 2007 Annual Report Download - page 101
Download and view the complete annual report
Please find page 101 of the 2007 U-Haul annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
 |
 |
AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
Premiums eliminated in consolidation were as follows:
RepWest Oxford
2006 $ - $ 1,191
2005 - 1,519
2004 - 1,474
(In thousands)
To the extent that a re-insurer is unable to meet its obligation under the related reinsurance agreements, RepWest would
remain liable for the unpaid losses and loss expenses. Pursuant to certain of these agreements, RepWest holds letters of
credit at years-end in the amount of $3.8 million from re-insurers and has issued letters of credit in the amount of $9.1
million in favor of certain ceding companies.
Policy benefits and losses, claims and loss expenses payable for RepWest were as follows:
2006 2005
Unpaid losses and loss adjustment expense $ 288,783 $ 346,928
Reinsurance losses payable 1,999 3,475
Unearned premiums 459 2,557
Total $ 291,241 $ 352,960
Year Ended December 31,
(In thousands)
Activity in the liability for unpaid losses and loss adjustment expenses for RepWest is summarized as follows:
2006 2005 2004
Balance at January 1 $ 346,928 $ 380,875 $ 416,259
Less reinsurance recoverable 181,388 189,472 177,635
Net balance at January 1 165,540 191,403 238,624
Incurred related to:
Current year 6,006 6,429 17,960
Prior years 15,895 16,161 21,773
Total incurred 21,901 22,590 39,733
Paid related to:
Current year 3,492 3,774 13,570
Prior years 40,116 44,679 73,384
Total paid 43,608 48,453 86,954
Net balance at December 31 143,833 165,540 191,403
Plus reinsurance recoverable 144,950 181,388 189,472
Balance at December 31 $ 288,783 $ 346,928 $ 380,875
(In thousands)
Year Ended December 31,
F-36