Underwriting Loss Sample Clauses

Underwriting Loss. (A) Commercial Fund After the retentions and assignments under paragraph (4)(B), the amount of underwriting loss retained by the Company will be calculated within each State as the sum of the following:
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Underwriting Loss a. After cessions under paragraph 6., the amount of underwriting loss retained by the Company will be calculated separately for each Fund within each State as follows:
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Underwriting Loss. Amount by which Claims, taxes and fees exceed Net Earned Reserve for Qualifying Contracts.
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Underwriting Loss. (10) 181 UNDERWRITING RESULTS BY SEGMENT The following table summarizes written premiums, underwriting results, statutory combined ratios and adjusted combined ratios (as described in the footnote to the table) for each of St. Paul Re's business segments for the last three years. These segments are managed in a carefully coordinated fashion with strong elements of centralized control. As a result, management monitors and evaluates the financial performance of these segments principally based on their underwriting results. Following the table are detailed analyses of each segment's results. SIX MONTHS ENDED JUNE 30, YEAR ENDED DECEMBER 31, ---------------- -------------------------- 2002 2001 2001 2000 1999 ------ ------ ------ ------ ------ ($ IN MILLIONS) NORTH AMERICAN CASUALTY Net premiums written .......................... $ 228 $ 296 $ 667 $ 340 $ 262 Net premiums earned ........................... 271 261 588 319 245 Losses and loss adjustment expenses ........... 230 274 584 261 61 Underwriting expenses ......................... 91 96 219 134 109 ------ ------ ------ ------ ------ Underwriting gain (loss) ...................... $ (50) $ (109) $ (215) $ (76) $ 75 ====== ====== ====== ====== ====== Combined ratio ................................ 117.9% 141.4% 135.4% 124.9% 68.8% Adjusted combined ratio* ...................... 115.3% 142.6% 131.5% 131.4% 82.2% NORTH AMERICAN PROPERTY Net premiums written .......................... $ 110 $ 75 $ 216 $ 170 $ 207 Net premiums earned ........................... 125 75 216 204 196 Losses and loss adjustment expenses ........... 74 36 381 133 153 Underwriting expenses ......................... 35 33 67 72 71 ------ ------ ------ ------ ------ Underwriting gain (loss) ...................... $ 16 $ 6 $ (232) $ (1) $ (28) ====== ====== ====== ====== ====== Combined ratio ................................ 88.0% 92.8% 207.3% 104.6% 112.6% Adjusted combined ratio* ..................... 85.1% 127.6% 116.9% 122.2% 134.8% INTERNATIONAL Net premiums written .......................... $ 174 $ 174 $ 248 $ 145 $ 160 Net premiums earned ........................... 120 108 242 188 160 Incurred losses and loss adjustment expenses .. 52 25 289 128 102 Underwriting expenses ......................... 28 30 62 70 79 ------ ------ ------ ------ ------ Underwriting gain (loss) ...................... $ 40 $ 53 $ (109) $ (10) $ (21) ====== ====== ====== ====== ====== Combined ratio ................................ 62.5% 45.5% 143.8% ...
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Underwriting Loss 
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Related to Underwriting Loss

  • Underwriting Fee The Underwriting Fee payable by BIP to the Underwriters pursuant to the Offering shall be calculated based on all of the Units purchased hereunder. The Underwriting Fee payable by BIP to the Underwriters pursuant to the Over-Allotment Option shall be calculated based on all of the Additional Units purchased hereunder.

  • Underwriting Discount In consideration of the services to be provided for hereunder, the Company shall pay to the Underwriters, with respect to any Offered Securities sold to investors in this Offering, a seven percent (7%) underwriting discount.

  • Underwriting Methodology The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

  • Underwriting Requirements (a) If, pursuant to Subsection 2.1, the Initiating Holders intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to Subsection 2.1, and the Company shall include such information in the Demand Notice. The underwriter(s) will be selected by the Company and shall be reasonably acceptable to a majority in interest of the Initiating Holders. In such event, the right of any Holder to include such Holder’s Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall (together with the Company as provided in Subsection 2.4(e)) enter into an underwriting agreement in customary form with the underwriter(s) selected for such underwriting. Notwithstanding any other provision of this Subsection 2.3, if the managing underwriter(s) advise(s) the Initiating Holders in writing that marketing factors require a limitation on the number of shares to be underwritten, then the Initiating Holders shall so advise all Holders of Registrable Securities that otherwise would be underwritten pursuant hereto, and the number of Registrable Securities that may be included in the underwriting shall be allocated among such Holders of Registrable Securities, including the Initiating Holders, in proportion (as nearly as practicable) to the number of Registrable Securities owned by each Holder or in such other proportion as shall mutually be agreed to by all such selling Holders; provided, however, that the number of Registrable Securities held by the Holders to be included in such underwriting shall not be reduced unless all other securities are first entirely excluded from the underwriting. To facilitate the allocation of shares in accordance with the above provisions, the Company or the underwriters may round the number of shares allocated to any Holder to the nearest one hundred (100) shares.

  • Underwriter’s Cutback In connection with any registration of shares, including any Underwritten Shelf Takedown, the underwriter may determine that marketing factors (including an adverse effect on the per share offering price) require a limitation of the number of shares to be underwritten. Notwithstanding any contrary provision of this Section 3 and subject to the terms of this Section 3.3.1, the underwriter may limit the number of shares which would otherwise be included in such registration or Underwritten Shelf Takedown by excluding any or all Registrable Securities from such registration or Underwritten Shelf Takedown. Upon receipt of notice from the underwriter of the need to reduce the number of shares to be included in the registration or Underwritten Shelf Takedown, the Company shall advise all holders of the Company’s securities that would otherwise be registered and underwritten pursuant hereto, and the number of shares of such securities, including Registrable Securities, that may be included in the registration or Underwritten Shelf Takedown shall be allocated in the following manner: shares, other than Registrable Securities, requested to be included in such registration or Underwritten Shelf Takedown by other shareholders shall be excluded unless the Company, with the consent of the parties required to approve any amendment or waiver of this Agreement pursuant to Section 6.2, has granted registration rights which are to be treated on an equal basis with Registrable Securities for the purpose of the exercise of the underwriter cutback (such shares afforded such equal treatment being “Parity Shares”); and, if a limitation on the number of shares is still required, the number of Registrable Securities, Parity Shares and other shares of Common Stock that may be included in such registration or Underwritten Shelf Takedown shall be allocated, as nearly as practicable, as follows:

  • Underwriting in Demand Registration 6 5.6 Blue Sky in Demand Registration .................................. 8

  • Underwritten Shelf Takedown At any time and from time to time after a Resale Shelf Registration Statement has been declared effective by the Commission, the Holders may request to sell all or any portion of the Registrable Securities in an underwritten offering that is registered pursuant to the Resale Shelf Registration Statement (each, an “Underwritten Shelf Takedown”); provided, however, that the Company shall only be obligated to effect an Underwritten Shelf Takedown if such offering shall include securities with a total offering price (including piggyback securities and before deduction of underwriting discounts) reasonably expected to exceed, in the aggregate, $10,000,000. All requests for Underwritten Shelf Takedowns shall be made by giving written notice to the Company at least ten (10) days prior to the public announcement of such Underwritten Shelf Takedown, which shall specify the approximate number of Registrable Securities proposed to be sold in the Underwritten Shelf Takedown and the expected price range (net of underwriting discounts and commissions) of such Underwritten Shelf Takedown. The Company shall include in any Underwritten Shelf Takedown the securities requested to be included by any Holder (each a “Takedown Requesting Holder”) at least 48 hours prior to the public announcement of such Underwritten Shelf Takedown pursuant to written contractual piggyback registration rights of such Holder (including those set forth herein). All such Holders proposing to distribute their Registrable Securities through an Underwritten Shelf Takedown under this subsection 2.3.5 shall enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by the majority-in-interest of the Takedown Requesting Holders initiating the Underwritten Shelf Takedown.

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