Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Schedule of Profit Sharing Commission

The following table details the profit sharing commission provisional loss ratio compared to the estimated ultimate loss ratio for each effective quota share treaty between the Standard Commercial P&C operating unit and Clarendon. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Treaty Effective Dates

 

 

7/1/2001

 

7/1/2002

 

7/1/2003

 

7/1/2004

Provisional loss ratio

 

60.0% 

 

59.0% 

 

59.0% 

 

64.2% 

Estimated ultimate loss ratio recorded at December 31, 2015

 

63.5% 

 

64.5% 

 

61.6% 

 

66.1% 

 

 

The following table details the profit sharing commission revenue provisional loss ratio compared to the estimated ultimate loss ratio for the effective quota share treaty between the MGA Commercial Products operating unit and Republic.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Treaty Effective Dates

 

 

1/1/2006

 

1/1/2007

 

1/1/2008

Provisional loss ratio

 

65.0% 

 

65.0% 

 

65.0% 

Estimated ultimate loss ratio recorded at December 31, 2015

 

58.8% 

 

64.0% 

 

59.7%