Total UW Expenses - An insurance company’s expenses related to acquisition of the business and general expenses, other than those associated with loss adjustment or investment activities.
STAT Expenses – Total acquisition costs plus underwriting expenses excluding GAAP expenses. Statutory expenses excludes the deferral of expenses as this is not a statutorily accepted accounting principle.
GAAP Expenses –
Total acquisition costs plus underwriting expenses.
GAAP Gain/Loss - Net earned premiums
less claims and claims expenses, acquisition expenses and other underwriting
expenses
STAT Gain Loss - Net
earned premiums less claims and claims expenses, acquisition expenses and other
underwriting expenses. Excludes GAAP expenses such as Deferred acquisition
costs.
Bulk
reserve – This reserve represents the estimated deficiency in
the aggregate of case reserves for known claims. If forced to assign it to
either case reserves or IBNR reserves, some will assign it to case reserves, as
it represents reserves for claims that have already been reported. Others will
assign it to IBNR, as it represents an aggregate calculation above claim
adjuster estimates not reliably assignable to an individual claim.