Average Exchange Rate for the year * December 2011 Exchange Rates Country Currency 2005 2006 2007 2008 2009 2010 2011* Argentina Peso 2,94 3,00 3,09 3,14 3,41 3,95 4,21 Bolivia Boliviano 8,06 8,01 7,83 7,22 7,02 7,02 6,94 Brazil Real 2,42 2,18 2,00 1,85 2,00 1,76 1,67 Chile Peso 559,77 530,28 522,47 522,46 559,61 510,25 483,67 Colombia Peso 2.320,77 2.357,98 2.078,00 1.989,35 2.180,19 1.901,45 1.854,02 Dominicana Peso 30,17 33,19 33,08 34,41 35,89 36,74 - Ecuador Dólar 1,00 1,00 1,00 1,00 1,00 1,00 1,00 El Salvador Dólar 1,00 1,00 1,00 1,00 1,00 1,00 1,00 Guatemala Quetzal 7,64 7,60 7,68 7,56 8,14 8,06 7,77 Honduras Lempira 19,00 19,03 19,03 19,03 19,03 19,03 19,05 Mexico Peso 10,89 10,90 10,93 11,15 13,50 12,63 12,49 Nicaragua Córdoba 17,15 18,00 18,44 19,37 20,34 21,36 22,42 Panama Balboa 1,00 1,00 1,00 1,00 1,00 1,00 1,00 Paraguay Guaraní 6.125,13 5.963,33 5.250,14 4.651,69 4.684,14 4.786,52 4.510,30 Peru Nuevo Sol 3,43 3,20 3,00 3,14 2,89 2,81 2,69 Puerto Rico Dólar 1,00 1,00 1,00 1,00 1,00 1,00 - Uruguay Peso 24,20 24,45 23,44 20,95 22,57 20,06 19,11 Venezuela Bolívar 2,11 2,15 2,15 2,15 2,15 4,30 4,30
Glossary of Financial Indices • Earned Premium Loss Ratio: Losses reported by the company versus earned premium or accrued proportionately to the life of the policy. Total Cost of Net Losses / (Net Premiums Earned – Cost of Technical Reserves) • Combined Ratio: Ratio that measures the operational perfomance of a company as a function of it’s technical costs. Earned Premium Loss Ratio + Administrative Expenses (% of Premiums Earned) + Net Intermediation Cost (% of Premiums Earned) • Technical Result : Income - Technical Costs (excluding Admin Costs)
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Statistics of the Surety & Credit I
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:: Conclusions Latin America Surety
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Latin America - Surety: Premiums, L
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Latin America - Surety: Premiums as
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Latin America - Surety: Premiums Gr
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Latin America - Surety: Premiums Gr
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Latin America - Surety: Premiums as
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Latin America - Surety: Premiums as
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Latin America - Surety: Loss Ratio
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Latin America - Surety: Loss Ratio
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Latin America - Surety: Net Combine
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Latin America - Surety: Gross Combi
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Latin America - Surety: Net & Gross
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Latin America - Surety: % Ceded Pre
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Latin America - Surety: Regional Ra
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Latin America - Surety: Regional Ra
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Latin America - Surety: Local, Glob
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Surety Premiums Figures USD Thousan
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USD 487,1 millions 22,7% Surety Pre
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Brazil - Surety: Premiums, Loss Rat
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Brazil - Surety: Premiums Annual Gr
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Brazil - Surety: Loss Ratio & Techn
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60% 50% 40% 30% 20% 10% 0% *Figures
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USD thousands *Figures as of Decemb
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USD thousands Brazil - Surety: Rele
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USD 361,0 millions 16,9% Surety Pre
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Colombia - Surety: Premiums, Loss R
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Colombia - Surety: Premiums Annual
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Colombia - Surety: Loss Ratio & Tec
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100% 90% 80% 70% 60% 50% 40% 30% 20
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USD thousands *Figures as of Decemb
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Colombia - Surety: Relevant Figures
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USD 475,9 millions 22,2% Surety Pre
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Mexico - Surety: Premiums, Loss Rat
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Mexico - Surety: Premiums Annual Gr
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Mexico - Surety: Loss Ratio & Techn
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90% 80% 70% 60% 50% 40% 30% 20% 10%
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USD thousands *Figures as of Decemb
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Mexico - Surety: Relevant Figures U
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USD 227,4 millions 10,6% Surety Pre
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Argentina - Surety: Premiums, Loss
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Argentina - Surety: Premiums Annual
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Argentina - Surety: Loss Ratio & Te
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Argentina - Surety: Gross Combined
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USD thousands * Figures as of Decem
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Argentina - Surety: Relevant Figure
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USD 125,1 millions 5,8% Surety Prem
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Panama - Surety: Premiums, Loss Rat
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Panama - Surety: Premiums Annual Gr
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Panama - Surety: Loss Ratio & Techn
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100% 90% 80% 70% 60% 50% 40% 30% 20
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Panama - Surety: Insurers’ Market
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Panama - Surety: Conclusions • Su
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'000 USD * Figures projected to Dec
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Venezuela - Surety: Premiums Annual
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- Page 159 and 160: Figures USD Thousands Credit Premiu
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