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Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of Profit Sharing Commission

The following table details the profit sharing commission provisional loss ratio compared to the estimated ultimate loss ratio for each effective quota share treaty between the Standard Commercial P&C operating unit and Clarendon. 







 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

Treaty Effective Dates



 

7/1/2001

 

7/1/2002

 

7/1/2003

 

7/1/2004

 

7/1/2005

Provisional loss ratio

 

60.0% 

 

59.0% 

 

59.0% 

 

64.2% 

 

64.2% 

Estimated ultimate loss ratio recorded at December 31, 2017

 

63.5% 

 

64.5% 

 

61.2% 

 

66.2% 

 

61.4% 



As of December 31, 2017, we had a net payable of $0.3 million on these profit share treaties. The payable or receivable is the difference between the cash received to date and the recognized commission revenue based on the estimated ultimate loss ratio.



The following table details the profit sharing commission revenue provisional loss ratio compared to the estimated ultimate loss ratio for the effective quota share treaty between the Contract Binding operating unit and Republic.









 

 

 

 

 

 



 

 

 

 

 

 



 

Treaty Effective Dates



 

1/1/2006

 

1/1/2007

 

1/1/2008

Provisional loss ratio

 

65.0% 

 

65.0% 

 

65.0% 

Estimated ultimate loss ratio recorded at December 31, 2017

 

59.4% 

 

65.6% 

 

61.4%