Gross Loss Ratio definition

Gross Loss Ratio means Ultimate Claims Cost divided by Gross Earned Premium;
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Gross Loss Ratio means the ratio of gross losses and loss adjustment expenses to gross earned premiums.
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Gross Loss Ratio means the percentage of gross claims, including provision for claims, to gross premiums for the same financial year;
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Examples of Gross Loss Ratio in a sentence

  • Gross loss ratio is for the program in total (government plus private companies).

  • Gross loss ratio The year 2008 was a loss-intensive year from the perspective of reinsurers.

  • Three Months Ended March 31, 2023 2022 PCS losses 25 % 19 %Non-PCS losses 51 % 57 %Gross loss ratio 76 % 76 % For the three months ended March 31, 2023, our Gross Loss Ratio was 76% net of a favorable development of 1 percentage point relating to PCS; compared with 76% net of a favorable development of 13 percentage points for Non-PCS and 6 percentage points for PCS for the three months ended March 31, 2022.

  • As a result, the product will be monitored closelyA summary of why we concluded this product is delivering value is set out below:• Low cancellation frequency• Low claims repudiation rate against claims acceptancy rate• Low claims complaints as a % of total claims• Gross loss ratio (GLR) is relatively on the low side however the product provides peace of mind as well as guidance, legal advice and risk management support in the event of an incident that may give rise to a claim.

  • There is no action required from distributors at this time.A summary of why we concluded this product is delivering value is set out below:• Low cancellation frequency• Complaints level• Low repudiation rate• Gross loss ratio (GLR) This is relatively low, however the positive difference between the average claims pay-out and the average premium indicates that the product provides value for customers.

  • Alternative performance measures related to the combined ratioDefinitionJustification Loss ratio gross of reinsurance (loss ratio before reinsurance) and Gross loss ratio with claims handling expenses refer to the same indicatorThe ratio of claim expenses to gross earned premiums (the sum of gross premiums issued and unearned premium provisions), net of premium refunds.

  • There is no action required from distributors at this time.A summary of why we concluded this product is delivering value is set out below: • Low cancellation frequency• Low repudiation rate• Claims complaints as a % of total claims• 1 year Gross loss ratio (GLR) is relatively low side but as the product matures value is demonstrated Our approach to this product review has utilised data and MI readily available to AXA XL.

  • Combined ratio = Claims incurred paid and expenses to net earned premiums Gross loss ratio = Claims Paid + difference of claims reserve /Gross written premium plus difference of unearned premium reserve.

  • Gross loss ratio Total claims burden sank to 58 .4% Gross technical provisions decreased to €143 .1 billion .

  • Gross loss ratio for the Current Period was 132% (six months ended 31 December 2017: 64%).


More Definitions of Gross Loss Ratio

Gross Loss Ratio means, on any Distribution Date, an amount expressed as a percentage, equal to the quotient of (i) the Cumulative Gross Losses as of such Distribution Date divided by (ii) $1,032,351,437.68.
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Gross Loss Ratio means, on any Distribution Date, an amount ---------------- expressed as a percentage equal to the quotient of (i) the Cumulative Gross Losses as of such Distribution Date divided by (ii) the Aggregate Starting Receivables Balance.
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Gross Loss Ratio means, on any Distribution Date, an amount expressed as a percentage, equal to the quotient of (i) the Cumulative Gross Losses as of such Distribution Date divided by (ii) $1,008,147,400.28.
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Related to Gross Loss Ratio

  • Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Loss Horizon Ratio means, as of any date of determination, a fraction (expressed as a percentage), (a) the numerator of which is the aggregate initial Unpaid Balance of all Receivables originated by each Originator during the immediately preceding four Settlement Periods then most recently ended and (b) the denominator of which is the Net Portfolio Balance as of the Cut-Off Date of the most recently ended Settlement Period.

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of Foamex, the net income of Foamex and its Subsidiaries after provision for income taxes for such fiscal period, as determined in accordance with GAAP on a consolidated basis (excluding the Joint Ventures and the China Joint Venture) and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain (or loss) arising from any write-up (or write-down) in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by Foamex or any of its Subsidiaries in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person (other than Foamex Canada and the Mexican Subsidiaries and their respective Subsidiaries) in which Foamex or any of its Subsidiaries has an ownership interest unless (and only to the extent) such earnings shall actually have been received by Foamex or any of its Domestic Subsidiaries in the form of cash distributions; (e) earnings of any Person to which assets of Foamex or any of its Subsidiaries shall have been sold, transferred or disposed of, or into which Foamex or any of its Subsidiaries shall have been merged, or which has been a party with Foamex or any of its Subsidiaries to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of debt or equity securities of Foamex or any of its Subsidiaries or from cancellation or forgiveness of Debt; and (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case held by the Parent and its Consolidated Subsidiaries.

  • Consolidated Net Earnings means, for any period, the net income (loss) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • Consolidated Net Loss for any fiscal period, means the amount which, in conformity with GAAP, would be set forth opposite the caption "net income" (or any like caption), as the case may be, on a consolidated statement of earnings of the Borrower and its Subsidiaries, if any, for such fiscal period.

  • Total Intrinsic Loss Estimate means the sum of the SF1-4 Intrinsic Loss Estimate in the Single Family Shared-Loss Agreement, and the Commercial Intrinsic Loss Estimate in the Commercial Shared-Loss Agreement, expressed in dollars.

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Shared-Loss Quarter has the meaning provided in Section 2.1(a)(i) of this Commercial Shared-Loss Agreement.

  • Consolidated Rent Expense means, for any period, the total rent expense with respect to real and personal property of the Borrower for such period, as determined on a Consolidated basis and as reported in its financial statements.

  • 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 of the Borrower and its Restricted Subsidiaries for such Test Period.

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date, minus unrestricted cash and Cash Equivalents of the Loan Parties on deposit with financial institutions located in the United States, not to exceed $75,000,000 to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Consolidated Revenues means, with reference to any period, total revenues of the Company and its Subsidiaries calculated in accordance with GAAP on a consolidated basis as of such date.

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • Consolidated Revenue means for any period the total revenues of the Company and its Subsidiaries, determined in accordance with GAAP.

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Adjusted EBIT means, for any accounting period, net income (or net loss) of NAI and its Subsidiaries (determined on a consolidated basis), plus the amounts (if any) which, in the determination of net income (or net loss) for such period, have been deducted for (a) interest expense, (b) income tax expense (c) rent expense under leases of property, and (d) Permitted Non-Cash Charges.

  • Interest Cover Ratio means, on each Measurement Date, the ratio of (a) EBITDA to (b) Net Interest Charged in respect of the Measurement Period ending on that Measurement Date;

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.