ALL » Topics » Premiums written

These excerpts taken from the ALL 8-K filed Feb 10, 2010.
Premiums written is the amount of premiums charged for policies issued during a fiscal period.  Premiums earned is a GAAP measure.  Premiums are considered earned and are included in financial results on a pro-rata basis over the policy period.  The portion of premiums written applicable to the unexpired terms of the policies is recorded as unearned premiums on our Consolidated Statements of Financial Position.  A reconciliation of premiums written to premiums earned is presented in the following table.

 

 

 

Three months ended
December 31,

 

Twelve months ended
December 31,

 

($ in millions)

 

2009

 

2008

 

2009

 

2008

 

Premiums written

 

$

6,277

 

$

6,301

 

$

25,971

 

$

26,584

 

Decrease in Property-Liability unearned premiums

 

248

 

424

 

200

 

383

 

Other

 

(8)

 

(57)

 

23

 

--

 

Premiums earned

 

$

6,517

 

$

6,668

 

$

26,194

 

$

26,967

 

 

Premiums written is the amount of premiums charged for policies issued during a fiscal period.  Premiums earned is a GAAP measure.  Premiums are considered earned and are included in financial results on a pro-rata basis over the policy period.  The portion of premiums written applicable to the unexpired terms of the policies is recorded as unearned premiums on our Consolidated Statements of Financial Position.  A reconciliation of premiums written to premiums earned is presented in the schedule, “Property-Liability Results”.

 

This excerpt taken from the ALL 8-K filed Nov 4, 2009.
Premiums written is the amount of premiums charged for policies issued during a fiscal period.  Premiums earned is a GAAP measure.  Premiums are considered earned and are included in financial results on a pro-rata basis over the policy period.  The portion of premiums written applicable to the unexpired terms of the policies is recorded as unearned premiums on our Condensed Consolidated Statements of Financial Position.  A reconciliation of premiums written to premiums earned is presented in the following table.

 

 

 

Three months ended
September 30,

 

Nine months ended
September 30,

 

($ in millions)

 

2009

 

2008

 

2009

 

2008

 

Premiums written

 

$

6,810

 

$

6,966

 

$

19,694

 

$

20,283

 

Increase in Property-Liability unearned premiums

 

(315

)

(181

)

(48

)

(41

)

Other

 

40

 

 

31

 

57

 

Premiums earned

 

$

6,535

 

$

6,785

 

$

19,677

 

$

20,299

 

 

This excerpt taken from the ALL 8-K filed Aug 5, 2009.
Premiums written is the amount of premiums charged for policies issued during a fiscal period.  Premiums earned is a GAAP measure.  Premiums are considered earned and are included in financial results on a pro-rata basis over the policy period.  The portion of premiums written applicable to the unexpired terms of the policies is recorded as unearned premiums on our Condensed Consolidated Statements of Financial Position.  A reconciliation of premiums written to premiums earned is presented in the following table.

 

 

 

Three months ended
June 30,

 

Six months ended
June 30,

 

($ in millions)

 

2009

 

2008

 

2009

 

2008

 

Premiums written

6,615

 

6,803

 

12,884

 

13,317

 

 

(Increase) decrease in Property-Liability unearned premiums

 

(70

)

 

(154

)

 

267

 

 

140

 

 

Other

 

15

 

 

101

 

 

(9

)

 

57

 

 

Premiums earned

6,560

 

6,750

 

13,142

 

13,514

 

 

 

This excerpt taken from the ALL 8-K filed May 7, 2009.
Premiums written is the amount of premiums charged for policies issued during a fiscal period.  Premiums earned is a GAAP measure.  Premiums are considered earned and are included in financial results on a pro-rata basis over the policy period.  The portion of premiums written applicable to the unexpired terms of the policies is recorded as unearned premiums on our Condensed Consolidated Statements of Financial Position.  A reconciliation of premiums written to premiums earned is presented in the following table.

 

 

 

Three months ended
March 31,

 

($ in millions)

 

2009

 

2008

 

Premiums written

 

$

6,269

 

$

6,514

 

Decrease in Property-Liability unearned premiums

 

337

 

294

 

Other

 

(24

)

(44

)

Premiums earned

 

$

6,582

 

$

6,764

 

 

This excerpt taken from the ALL 8-K filed Jan 28, 2009.
Premiums written is the amount of premiums charged for policies issued during a fiscal period.  Premiums earned is a GAAP measure.  Premiums are considered earned and are included in financial results on a pro-rata basis over the policy period.  The portion of premiums written applicable to the unexpired terms of the policies is

 

27



 

recorded as unearned premiums on our Consolidated Statements of Financial Position.  A reconciliation of premiums written to premiums earned is presented in the following table.

 

 

 

Three months ended
December 31,

 

Twelve months ended
December 31,

 

($ in millions)

 

Est.
2008

 

2007

 

Est.
2008

 

2007

 

Premiums written

 

$

6,301

 

$

6,560

 

$

26,584

 

$

27,183

 

Decrease in Property-Liability unearned premiums

 

424

 

216

 

383

 

17

 

Other (1)

 

(57

)

10

 

 

33

 

Premiums earned

 

$

6,668

 

$

6,786

 

$

26,967

 

$

27,233

 

 


(1)

The twelve months ended December 31, 2008 includes $44 million in unearned premiums related to June 27, 2008 acquisition of Partnership Marketing Group.

 

This excerpt taken from the ALL 8-K filed Jul 24, 2008.
Premiums written is the amount of premiums charged for policies issued during a fiscal period.  Premiums earned is a GAAP measure.  Premiums are considered earned and are included in financial results on a pro-rata basis over the policy period.  The portion of premiums written applicable to the unexpired terms of the policies is recorded as unearned premiums on our Consolidated Statements of Financial Position.  A reconciliation of premiums written to premiums earned is presented in the following table.

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

($ in millions)

 

Est.
2008

 

2007

 

Est.
2008

 

2007

 

Premiums written

 

$

6,803

 

$

6,939

 

$

13,317

 

$

13,548

 

(Increase) decrease in Property-Liability unearned premiums

 

(154

)

(125

)

140

 

78

 

Other(1)

 

101

 

8

 

57

 

2

 

Premiums earned

 

$

6,750

 

$

6,822

 

$

13,514

 

$

13,628

 

 


(1)          The three months and six months ended June 30, 2008 includes $49 million in unearned premiums related to the acquisition of  Partnership Marketing Group.

 

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