EX-2 4 w62638exv2.txt INTERIM REPORT COLUMBIA INSURANCE CORPORATION LTD. INTERIM REPORT RULE 24 FILE NO. 70-8905 EXHIBIT 2 INCURRED AND PAID LOSSES FOR THE PERIOD 1/01/02 - 6/30/02
LEAD-IN LOSS PAID LOSSES OSLR AT IBNR AT CLOSING UPDATED MOVEMENT POLICY YEAR COVERAGE RESERVES IN PERIOD 6/30/02 06/30/02 RESERVE INCURRED FROM 12/31/01 7/1/96-97 General Liability 902,387 - - 902,387 902,387 902,387 - 7/1/97-98 General Liability 1,911,243 - 710,000 1,201,243 1,911,243 1,911,243 - 7/1/98-99 General Liability 1,392,000 - 210,000 1,182,000 1,392,000 1,392,000 - 7/1/99-00 General Liability 3,546,161 889,314 765,126 1,891,721 2,656,847 3,546,161 - 7/1/00-01 General Liability 4,000,000 208,981 1,825,000 1,966,019 3,791,019 4,000,000 - 7/1/01-02 General Liability 2,812,000 - 800,000 3,200,000 4,000,000 4,000,000 1,188,000 6/30/96-97 All Risk - - - - - - - 6/30/97-98 All Risk - - - - - - - 6/30/98-99 All Risk 593,000 - 799,000 - 799,000 799,000 206,000 6/30/99-7/1/00 All Risk - - - - - - - 7/1/00-01 All Risk 650,000 - 650,000 - 650,000 650,000 - 7/1/01-02 All Risk 1,500,000 - 1,760,000 1,240,000 3,000,000 3,000,000 1,500,000 ----------------------------------------------------------------------------------------------------------------------------------- Subtotal 17,306,791 1,098,295 7,519,126 11,583,370 19,102,496 20,200,791 2,894,000 ----------------------------------------------------------------------------------------------------------------------------------- 1/1/99-00 LTD 4,085,676 197,122 3,287,674 600,879 3,888,553 4,085,676 - 1/1/00-7/1/01 LTD 5,402,288 393,247 4,023,620 985,421 5,009,041 5,402,288 - 7/1/01-02 LTD 1,079,116 11,976 289,311 1,858,569 2,147,880 2,159,856 1,080,740 ----------------------------------------------------------------------------------------------------------------------------------- Subtotal 10,567,079 602,345 7,600,605 3,444,869 11,045,474 11,647,819 1,080,740 ----------------------------------------------------------------------------------------------------------------------------------- 27,873,870 1,700,640 15,119,731 15,028,239 30,147,970 31,848,610 3,974,740 ===========================================================================================
INCEPTION TO DATE PAID LOSSES 7/1/96-97 General Liability 726,613 7/1/97-98 General Liability 1,837,757 7/1/98-99 General Liability - 7/1/99-00 General Liability 1,343,153 7/1/00-01 General Liability 208,981 7/1/01-02 General Liability - 6/30/96-97 All Risk - 6/30/97-98 All Risk 1,423,776 6/30/98-99 All Risk 1,303,140 6/30/99-7/1/00 All Risk 2,168,952 7/1/00-01 All Risk 664,511 7/1/01-02 All Risk - 1/1/99-00 LTD 820,671 1/1/00-7/1/01 LTD 1,090,901 7/1/01-02 LTD 11,976 --------------- Total 11,600,431 ===============