Financials

Financial Gray BoxS&P 500 Index
Financial Green BoxCommon Stock, Convertible Bond
and Other Investment Portfolio

(1) Represents common stock,
convertible bond holdings and
other investments.

Financial Gray BoxExpense Ratio
Financial Green BoxLoss and LAE Ratio

(1) Specialty Lines now includes Technology, Financial Services, OneBeacon Specialty Property and Property and Inland Marine, which were formerly reported in Commercial Lines. Prior periods have been reclassified to conform to the current presentation.

(2) Run-off includes non-specialty Commercial Lines business subject to the renewal rights agreement with The Hanover and other run-off business. Prior periods have been reclassified to conform to the current presentation.