31.10.2012 Views

Surety - APF

Surety - APF

Surety - APF

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Glossary of Financial Indices<br />

• Earned Premium Loss Ratio: Losses reported by the company versus earned premium or<br />

accrued proportionately to the life of the policy. Total Cost of Net Losses / (Net Premiums<br />

Earned – Cost of Technical Reserves)<br />

• Combined Ratio: Ratio that measures the operational perfomance of a company as a<br />

function of it’s technical costs. Earned Premium Loss Ratio + Administrative Expenses (% of<br />

Premiums Earned) + Net Intermediation Cost (% of Premiums Earned)<br />

• Technical Result : Income - Technical Costs (excluding Admin Costs)

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!