RDN » Topics » Financial Guaranty General Claims and Reserves Information

This excerpt taken from the RDN 10-Q filed May 11, 2009.

Financial Guaranty General Claims and Reserves Information

The following table shows the breakdown of the reserve for losses and loss adjustment expenses for our financial guaranty segment at the end of each period indicated:

 

(In thousands)    March 31
2009
   December 31
2008
   March 31
2008

Financial Guaranty

   $ 203,561    $ 219,671    $ 133,710

Trade Credit Reinsurance and Other

     12,528      14,877      27,249
                    

Total

   $ 216,089    $ 234,548    $ 160,959
                    
This excerpt taken from the RDN 10-Q filed Nov 10, 2008.

Financial Guaranty General Claims and Reserves Information

The following table shows the breakdown of the reserve for losses and LAE for our financial guaranty segment at the end of each period indicated:

 

(In thousands)    September 30
2008
   December 31
2007
   September 30
2007

Financial Guaranty:

        

Case reserves

   $ 48,589    $ 33,317    $ 35,673

Allocated non-specific

     71,610      141,270      90,948

Unallocated non-specific

     42,871      49,195      49,310

Trade Credit Reinsurance and Other:

        

Case reserves

     13,036      16,000      17,499

IBNR

     7,863      13,522      16,289
                    

Total

   $ 183,969    $ 253,304    $ 209,719
                    

The allocated non-specific and LAE reserves at September 30, 2008, relates to 47 credits with a par outstanding of $839.6 million, including 8 credits with a par amount of $319.4 million, for which we have established LAE reserves only. The allocated non-specific reserve at September 30, 2007, relates to 10 credits with a total par outstanding of $282.1 million. We have established case reserves for 33 credits with a par outstanding of $372.6 million. Our allocated non-specific reserves include credits classified as intensified surveillance as well as credits classified as special mention. See Note 13 of Notes to Unaudited Condensed Consolidated Financial Statements for a discussion regarding our classification of financial guaranty insurance contracts.

 

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EXCERPTS ON THIS PAGE:

10-Q
May 11, 2009
10-Q
Nov 10, 2008
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