Adjusted Economic Combined Ratio definition

Adjusted Economic Combined Ratio means: Reported GAAP Combined Ratio for the underwriting reportable segments (currently defined as the summation of the Specialty Industries and Specialty Products reportable segments, to be adjusted to include any additional underwriting reportable segments in the future) adjusted to include all other non-underwriting income and expense items except items explicitly related to capital and investment activities (including tax items related to capital and investment activities). The adjustment to GAAP Combined Ratio shall be calculated as the pretax impact of items above divided by GAAP earned premium for the underwriting reportable segments. Board shall mean: The Board of Directors of the Company, or the Committee of the Board or such other committee or subcommittee that is authorized to determine performance under the Long-Term Incentive Plan. Performance Percentage shall mean: a percentage of no less than 0% and no more than 200%, as determined by the Board in its sole discretion and as outlined in Paragraph 6 of this Performance Unit Grant.
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Adjusted Economic Combined Ratio means: Reported GAAP Combined Ratio adjusted to include:
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Adjusted Economic Combined Ratio means:
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Examples of Adjusted Economic Combined Ratio in a sentence

  • The Adjusted Economic Combined Ratio for the Award Period as a whole will be the average (mean) of the Adjusted Economic Combined Ratio for each of the three Performance Periods as determined by the Board in its sole discretion.

  • In the event that the Adjusted Economic Combined Ratio for the Award Period is not a whole percentage value, the Performance Percentage shall be determined by straight-line interpolation between the two successive whole Adjusted Economic Combined Ratio values from the table above.

  • The Adjusted Economic Combined Ratio for the Award Period as a whole will be the average (mean) of the AECR for each of the three Performance Periods as determined by the Committee in its sole discretion.

  • The Specialty Only Adjusted Economic Combined Ratio for the Award Period as a whole will be the average (mean) of the SOAECR for each of the three Performance Periods as determined by the Committee in its sole discretion.

  • The Performance Percentage applicable to the Units shall be dependent upon the extent to which the Performance Objective is attained and shall be determined as follows: The Adjusted Economic Combined Ratio for the Award Period is calculated to the nearest one-tenth of one percent.

  • The Performance Percentage applicable to the Units shall be dependent upon the extent to which the Performance Objective is attained and shall be determined as follows: The Specialty Only Adjusted Economic Combined Ratio for the Award Period is calculated to the nearest one-tenth of one percent.

  • The Cloud Governance involves distinct entities, components, agents running in behalf of various parties, therefore the security is one of the most important concerns in order to assure a safe and trustful environment.

  • The Performance Objective applicable to this Award shall be an Adjusted Economic Combined Ratio for the Company and its subsidiaries (the “Adjusted Economic Combined Ratio” or “AECR”) of 95.2% for the Award Period as a whole.

  • The Performance Percentage applicable to the Units shall be dependent upon the extent to which the Performance Objective is attained and shall be determined as follows: 99% or higher 0 % 98% 35 % 97% 65 % 96% 85 % 94% 115 % 93% 135 % 92% 165 % 91% or lower 200 % The Adjusted Economic Combined Ratio for the Award Period is calculated to the nearest one-tenth of one percent.

  • The Performance Objective applicable to this Award shall be an Adjusted Economic Combined Ratio for the Company and its subsidiaries (the “Adjusted Economic Combined Ratio” or “AECR”) of 95.8% for the Award Period as a whole.


More Definitions of Adjusted Economic Combined Ratio

Adjusted Economic Combined Ratio means: Reported GAAP Combined Ratio adjusted to include all other income and other expense except items explicitly related to capital and investments The adjustment to GAAP combined ratio shall be calculated as the pre tax impact of items above divided by GAAP earned premium. Board shall mean: The Board of Directors of the Company, or the Compensation Committee of the Board or such other committee or subcommittee that is authorized to determine performance under the Long-Term Incentive Plan. Performance Percentage shall mean: a percentage of no less than 0% and no more than 200%, as determined by the Board in its sole discretion and as outlined in paragraph four (4) of this Performance Unit Grant. Performance Period shall mean: Each of the fiscal years of the Company ending December 31, 2012, 2013 and 2014, respectively.
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Related to Adjusted Economic Combined Ratio

  • combined ratio means the sum of the loss ratio and the expense ratio. The combined ratio measures the proportion of the Company’s total cost to its premium earned and is used to assess the profitability of the Company’s insurance underwriting activities.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Debt Ratio means, as of any Applicable Calculation Date, the ratio of (1) Consolidated Total Indebtedness of the Issuer and its Restricted Subsidiaries, minus cash and Cash Equivalents of the Issuer and its Restricted Subsidiaries, in each case, computed as of the end of the most recent fiscal quarter for which internal financial statements are available immediately preceding the Applicable Calculation Date to (2) the Issuer’s Consolidated EBITDA for the Applicable Measurement Period, in each case with such pro forma adjustments to Consolidated Total Indebtedness, cash, Cash Equivalents and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio; provided that, for purposes of the calculation of Consolidated Total Debt Ratio, in connection with the incurrence of any Indebtedness pursuant to Section 10.11, the Issuer may elect, pursuant to an Officer’s Certificate delivered to the Trustee, to treat all or any portion of the commitment (any such amount elected until revoked as described below, an “Elected Amount”) under any Indebtedness which is to be incurred (or any commitment in respect thereof) as being incurred as of the Applicable Calculation Date and (1) any subsequent incurrence of such Indebtedness under such commitment (so long as the total amount under such Indebtedness does not exceed the Elected Amount) shall not be deemed, for purposes of this calculation, to be an incurrence of additional Indebtedness at such subsequent time, (2) the Issuer may revoke an election of an Elected Amount pursuant to an Officer’s Certificate delivered to the Trustee and (3) for purposes of all subsequent calculations of the Consolidated Total Debt Ratio, the Elected Amount (if any) shall be deemed to be outstanding, whether or not such amount is actually outstanding, so long as the applicable commitment remains outstanding.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Funded Debt Ratio means the ratio of (a) Funded Debt to (b) EBITDA.

  • Funded Debt to EBITDA Ratio means on any date the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four consecutive Fiscal Quarters ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter most recently ended prior to such date).

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • RBC Ratio means the risk-based capital ratio of the Insurer, which will be calculated in a manner consistent with the requirements and methodologies prescribed under Massachusetts Law, as applied by the Insurer in the ordinary course of its business, consistent with its historic practice.

  • Total Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of such day to (b) EBITDA for the Computation Period ending on such day.

  • Adjusted Quick Ratio is the ratio of (a) Quick Assets to (b) Current Liabilities minus the current portion of Deferred Revenue.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness as of such date and (b) without duplication, the Reserved Indebtedness Amount as of such date to (y) LTM EBITDA.

  • Equity Ratio means the ratio of Equity to Total Assets.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Capitalization Ratio means, at any date of determination, the ratio of (a) Funded Debt to (b) Capitalization.

  • Debt to Capitalization Ratio means the ratio of (a) Consolidated Funded Debt to (b) Consolidated Capitalization.

  • Consolidated Total Debt at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Total Debt Ratio means, at any time, the ratio of (i) Total Debt of the Company and its Subsidiaries on a combined consolidated basis as of such time to (ii) EBITDA for the four fiscal quarter period ending as of the last day of the most recently ended fiscal quarter as of such time.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Adjusted Debt means, as of any date, the sum of (i) all Adjusted Indebtedness of the Company and its Subsidiaries on a Consolidated basis on such date and (ii) (x) Rent Expense for the four consecutive fiscal quarter period ended immediately prior to such date or then ending in respect of which financial statements have been delivered pursuant to Section 7.1(a) or 7.1(b) multiplied by six (6).

  • Consolidated Total Capitalization means at any time the sum of Consolidated Indebtedness and Consolidated Net Worth, each calculated at such time.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Consolidated First Lien Leverage Ratio means, as of the date of determination, the ratio of (a) Consolidated Indebtedness as of such date that is secured by first-priority Liens on the Collateral to (b) EBITDA for the most recently ended Test Period, in each case of the Borrower and its Restricted Subsidiaries on a consolidated basis.

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income: