Underwriting loss definition

Underwriting loss means the amount by which the Company’s share of retained ultimate net losses exceeds its share of retained net book premium.
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Underwriting loss has the meaning set forth in Article II(B)(1) hereof.
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Underwriting loss means the ratio of (A) gross loss from insurance operations, including all fees, before taxes, but excluding all investment income, to (B) earned premium, as calculated by the Company's Chief Financial Officer based on the Company's internally prepared financial statements for the applicable fiscal year. Underwriting Loss will be derived from the Company's internally prepared financial statements in accordance with the Company's past practices (which will be prepared in accordance with GAAP), and be certified in writing by the Company's Chief Financial Officer.
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Examples of Underwriting loss in a sentence

  • Underwriting loss will be calculated on the Monthly Operations Report.

  • Underwriting loss will be paid to RMA on the Monthly Settlement Report.

  • Underwriting loss will be calculated on the Monthly Settlement Report.

  • Underwriting loss is a non-GAAP measure and is calculated as net premiums earned plus other insurance revenue less net loss and LAE, commission and other acquisition expenses and general and administrative expenses directly related to underwriting activities.

  • Underwriting loss of $12 million in Q4-2020 and $8 million in 2020, reflected $13 million (US$10 million) of P&C U.S. COVID-19 CAT losses ceded to the internal CAT reinsurance treaty, net of reinsurance premiums of $5 million in 2020.• CAT losses ceded of US$10 million represented losses in excess of P&C U.S. segment retention of US$20 million.

  • Underwriting resultThe combination of the factors discussed above contributed to the Underwriting loss of €15m in 2020 (2019:€11m profit).

  • The estimated Federal MLR components, adjustments, and formula are as follows:78.5% Underwriting loss ratio 1.3% QI/HIT Medical costs added-0.7% GAAP Medical reclass to MLR SG&A 5.9% Taxes, regulatory fees and assessmentsMLR formula: [ (UW LR) x (1 + QIT) x (1+ medical reclass) ] / (1 – taxes) 29) Risk Adjustment.

  • Underwriting loss can also be viewed as a cost to hold float, if earnings on float are segregated.

  • The sole source of funding for the Housing and Living Assistance Program is CARES ACT funding received by the County.

  • In the three- and six-month periods ended June 30, 2018, the Underwriting loss included an additional $115 million of net premiums earned for multi-year policies related to earlier accident years.


More Definitions of Underwriting loss

Underwriting loss has the meaning given in clause 10.9(d);
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Related to Underwriting loss

  • Underwriting Fee has the meaning given to it in the eighth paragraph of this Agreement;

  • Underwritten Shelf Take-Down has the meaning set forth in Section 2.4(b).

  • Underwritten Shelf Take-Down Notice has the meaning set forth in Section 2.02(e).

  • Underwritten Shelf Takedown shall have the meaning given in subsection 2.3.3.

  • Underwriting Agreement means the Underwriting Agreement, dated ______ __, 19__, among the Trust, the Depositor and the underwriters named therein.

  • Underwriting (the "Directed Share Program"). The Shares to be sold by Xxxxxx Xxxxxxx pursuant to the Directed Share Program (the "Directed Shares") will be sold by Xxxxxx Xxxxxxx pursuant to this Agreement at the public offering price. Any Directed Shares not orally confirmed for purchase by any Participants by the end of the first business day after the date on which this Agreement is executed will be offered to the public by Xxxxxx Xxxxxxx as set forth in the Prospectus.

  • Marketed Underwritten Shelf Take-Down has the meaning set forth in Section 2.02(e).

  • Shelf Take-Down has the meaning set forth in Section 2.02(e).

  • Underwriters means the underwriters named in Schedule A to the Underwriting Agreement.

  • Underwriter means a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such dealer’s market-making activities.

  • Shelf Takedown means an Underwritten Shelf Takedown or any proposed transfer or sale using a Registration Statement, including a Piggyback Registration.

  • Managing Underwriters means the investment banker or investment bankers and manager or managers that shall administer an underwritten offering under a Shelf Registration Statement.

  • Shelf Takedown Notice shall have the meaning given in subsection 2.1.3.

  • Shelf Takedown Request shall have the meaning set forth in Section 3.2.5(a).

  • Underwriting Guidelines The underwriting guidelines of the Seller, a copy of which is attached as an exhibit to the related Assignment and Conveyance.

  • Participating Underwriter means any of the original underwriters of the Bonds required to comply with the Rule in connection with offering of the Bonds.