ARBELLA INSURANCE GROUP STATUTORY RESULTS (reported in thousands)


2015 Direct Written Premium Underwriting Profit/(Loss) Net Investment and Other Income Net Income/(Loss) Net Combined Ratio


Net Combined Ratio excluding catastrophe losses


$866,700 (113,117) 41,874 (58,701) 113.5% 98.8% 2014 $808,742 16,627 43,381 47,612 96.7% 95.8% 2013 $775,357 2,159 38,131 33,762 98.6% 97.3% 2012 $725,034 10,957 41,260 52,335 97.2% 94.8% 2011 $680,498 (125,223) 35,149 (81,715) 119.6% 106.3%


BALANCE SHEET Cash and Invested Assets


Total Assets Loss and Loss Expense Reserves Unearned Premiums Policyholders’ Surplus Growth in Surplus


$1,119,352 1,486,733 441,582 430,921 510,496 -9.1%


$1,121,188 1,425,847 364,814 402,637 561,308 7.1%


$1,047,791 1,341,592 351,709 380,276 523,929 9.0%


$956,255 1,253,123 345,188 357,142 480,884 17.9%


$887,632 1,156,046 355,682 336,065 407,990 -13.9%


2015 ANN UAL RE PO RT


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