Reinsurance Impact
High-quality reinsurers help ensure stability of insurance and investment programs
Increased cost anticipated and factored into 101.3% combined ratio target
- 12-cent impact on 2002 earnings per share
- 8-cent impact in 9-mos. 2002 – 1.1 points impact on 9-mos. 2002 ratio
Full-year 2002 ceded premiums estimated at
$86 million versus $68 million in 2001