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This excerpt taken from the ALL 8-K filed Jan 28, 2009. Underwriting income (loss) is
calculated as premiums earned, less claims and claims expense (“losses”),
amortization of DAC, operating costs and expenses and restructuring and related
charges as determined using GAAP. Management uses this measure in its
evaluation of the results of operations to analyze the profitability of our
Property-Liability insurance operations separately from investment
results. It is also an integral component of incentive
compensation. It is useful for investors to evaluate the components of
income separately and in the aggregate when reviewing performance. Net (loss)
income is the most directly comparable GAAP measure. Underwriting income (loss)
should not be considered as a substitute for net
24
(loss) income and does not reflect the overall profitability of our business. A reconciliation of Property-Liability underwriting income (loss) to net (loss) income is provided in the Segment Results table.
This excerpt taken from the ALL 8-K filed Jul 24, 2008. Underwriting income (loss) is calculated as
premiums earned, less claims and claims expense (“losses”), amortization of
DAC, operating costs and expenses and restructuring and related charges as
determined using GAAP. Management uses this measure in its evaluation of
the results of operations to analyze the profitability of our
Property-Liability insurance operations separately from investment
results. It is also an integral component of incentive
compensation. It is useful for investors to evaluate the components of
income separately and in the aggregate when reviewing performance. Net income
is the most directly comparable GAAP measure. Underwriting income (loss) should
not be considered as a substitute for net income and does not reflect the
overall profitability of our business. A reconciliation of
Property-Liability underwriting income (loss) to net income is provided in the
Segment Results table.
This excerpt taken from the ALL 8-K filed Apr 23, 2008. Underwriting income (loss) is calculated as premiums earned, less claims and
claims expense (“losses”), amortization of DAC, operating costs and expenses
and restructuring and related charges as determined using GAAP.
Management uses this measure in its evaluation of the results of operations to
analyze the profitability of our Property-Liability insurance operations
separately from investment results. It is also an integral component of
incentive compensation. It is useful for investors to evaluate the
components of income separately and in the aggregate when reviewing
performance. Net income is the most directly comparable GAAP measure.
Underwriting income (loss) should not be considered as a substitute for net
income and does not reflect the overall profitability of our business. A
reconciliation of Property-Liability underwriting income (loss) to net income
is provided in the Segment Results table.
This excerpt taken from the ALL 8-K filed Jan 29, 2008. Underwriting income (loss) is calculated as premiums earned, less claims and
claims expense (“losses”), amortization of DAC, operating costs and expenses
and restructuring and related charges as determined using GAAP.
Management uses this measure in its evaluation of the results of operations to
analyze the profitability of our Property-Liability insurance operations
separately from investment results. It is also an integral component of
incentive compensation. It is useful for investors to evaluate the
components of income separately and in the aggregate when reviewing
performance. Net income is the most directly comparable GAAP measure.
Underwriting income (loss) should not be considered as a substitute for net
income and does not reflect the overall profitability of our business. A
reconciliation of Property-Liability underwriting income (loss) to net income
is provided in the Segment Results table.
This excerpt taken from the ALL 8-K filed Oct 17, 2007. Underwriting income (loss) is calculated as
premiums earned, less claims and claims expense (“losses”), amortization of
DAC, operating costs and expenses and restructuring and related charges as
determined using GAAP. Management uses this measure in its evaluation of
the results of operations to analyze the profitability of our
Property-Liability insurance operations separately from investment
results. It is also an integral component of incentive
compensation. It is useful for investors to evaluate the components of
income separately and in the aggregate when reviewing performance. Net income
is the most directly comparable GAAP measure. Underwriting income (loss) should
not be considered as a substitute for net income and does not reflect the
overall profitability of our business. A reconciliation of Property-Liability
underwriting income (loss) to net income is provided in the Segment Results
table.
This excerpt taken from the ALL 8-K filed Jul 19, 2007. Underwriting income (loss) is calculated as
premiums earned, less claims and claims expense (“losses”), amortization of
DAC, operating costs and expenses and restructuring and related charges as
determined using GAAP. Management uses this measure in its evaluation of
results of operations to analyze the profitability of our Property-Liability
insurance operations separately from investment results. It is also an integral
component of incentive compensation. It is useful for investors to evaluate the
components of income separately and in the aggregate when reviewing
performance. Net income is the most directly comparable GAAP measure.
Underwriting income (loss) should not be considered as a substitute for net
income and does not reflect the overall profitability of our business. A
reconciliation of Property-Liability underwriting income (loss) to net income
is provided in the Segment Results table.
This excerpt taken from the ALL 8-K filed Apr 18, 2007. Underwriting income (loss) is calculated as
premiums earned, less claims and claims expense (“losses”), amortization of
DAC, operating costs and expenses and restructuring and related charges as
determined using GAAP. Management uses this measure in its evaluation of
results of operations to analyze the profitability of our Property-Liability
insurance operations separately from investment results. It is also an
integral component of incentive compensation. It is useful for investors
to evaluate the components of income separately and in the aggregate when
reviewing performance. Net income is the most directly comparable GAAP measure.
Underwriting income (loss) should not be considered as a substitute for net
income and does not reflect the overall profitability of our business. A
reconciliation of Property-Liability underwriting income (loss) to net income
is provided in the Segment Results table.
This excerpt taken from the ALL 8-K filed Jan 31, 2007. Underwriting
income (loss) is
calculated as premiums earned, less claims and claims expense (“losses”),
amortization of DAC, operating costs and expenses and restructuring and related
charges as determined using GAAP. Management uses this measure in its
evaluation of results of operations to analyze the profitability of our
Property-Liability insurance operations separately from investment
results. It is also an integral component of incentive
compensation. It is useful for investors to evaluate the components of
income separately and in the aggregate when reviewing performance. Net income
is the most directly comparable GAAP measure. Underwriting income (loss) should
not be considered as a substitute for net income and does not reflect the
overall profitability of our business. A reconciliation of
Property-Liability underwriting income (loss) to net income is provided in the
Segment Results table.
25 This excerpt taken from the ALL 8-K filed Oct 19, 2006. Underwriting
income (loss) is
calculated as premiums earned, less claims and claims expense (“losses”),
amortization of DAC, operating costs and expenses and restructuring and related
charges as determined using GAAP. Management uses this measure in its
evaluation of results of operations to analyze the profitability of our
Property-Liability insurance operations separately from investment
results. It is also an integral component of incentive
compensation. It is useful for investors to evaluate the components of
income separately and in the aggregate when reviewing
25 performance. Net income (loss) is the most directly comparable GAAP measure. Underwriting income (loss) should not be considered as a substitute for net income (loss) and does not reflect the overall profitability of our business. A reconciliation of Property-Liability underwriting income (loss) to net income (loss) is provided in the Segment Results table. This excerpt taken from the ALL 8-K filed Jul 19, 2006. Underwriting
income (loss) is
calculated as premiums earned, less claims and claims expense (“losses”),
amortization of DAC, operating costs and expenses and restructuring and related
charges as determined using GAAP. Management uses this measure in its
evaluation of results of operations to analyze the profitability of our
Property-Liability insurance operations separately from investment
results. It is also an integral component of incentive compensation.
It is useful for investors to evaluate the components of income separately and
in the aggregate when reviewing performance. Net income is the most directly
comparable GAAP measure. Underwriting income (loss) should not be considered as
a substitute for net income and does not reflect the overall profitability of
our business. A reconciliation of Property-Liability underwriting income
(loss) to net income is provided in the Segment Results table.
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