and have probability 0.0000 of incurring operating losses, has probability 0.0228, but and have much higher operating loss probabilities, 0.2635 (1.0000 - 0.7365) and 0.4207 (1.0000 - 0.5793), respectively.
Table 1 Row 6, shows insurers' probabilities of incurring operating losses greater than 5% ( ), at PLREs above 0.9000. and incur such operating losses with probability 0.0000, 's probability is 0.00135, but and have probabilities, 0.1714 and 0.3821, respectively. Insurer D is 127 times more likely, and Insurer E is 283 times more likely, to incur such operating losses, than . Table 1 Row 7, shows insurers' probabilities of operating losses greater than 10%, at PLREs above 0.9500. (0.9500) = (0.9500) = = 0.0000, while = 0.1030 and = 0.3446. can expect such high operating losses more than one year in ten, and more than one year in three.
(1) | (2) | (3) | (4) | (5) | (6) | (7) |
Row | Operating Characteristic | NHI | B | PI | D | E |
(1) | Size (N) (1,000s) | 308,000 | 10,000 | 1,000 | 100 | 10 |
(2) | Standard Error ( ) | 0.00285 | 0.01581 | 0.0500 | 0.1581 | 0.5000 |
(3) | P[Profit10%] | 0.5000 | 0.5000 | 0.5000 | 0.5000 | 0.5000 |
(4) | P[Profit5%] | 1.0000 | 0.9992 | 0.8413 | 0.6241 | 0.5398 |
(5) | P[No loss] | 1.0000 | 1.0000 | 0.9772 | 0.7365 | 0.5793 |
(6) | P[Losses5%] | 0.0000 | 0.0000 | 0.0013 | 0.1714 | 0.3821 |
(7) | P[Losses10%] | 0.0000 | 0.0000 | 0.0000 | 0.1030 | 0.3446 |
(8) | SPLR | 0.7586 | 0.7974 | 0.9000 | 1.2243 | 2.2500 |
(9) | Surplus Needs $1M | $0 | $0 | $200 | $150 | $56 |
(10) | Agg Surplus $1 Trillions | $0 | $0 | $0.616 | $4.612 | $172 |
(11) | MSB 5% Profits | 0.7972 | 0.7842 | 0.7500 | 0.6419 | 0.3000 |
(12) | MSB 5% Profits $ | 3,189 | 3,137 | 3,000 | 2,568 | 1,200 |
(13) | MSB Avoid Losses | 0.8443 | 0.8184 | 0.7500 | 0.5338 | 0.0000 |
(14) | MSB Avoid Losses $ | 3,377 | 3,274 | 3,000 | 2,135 | 0.00 |
(15) | Prof Adj'd Risk Prm % EP | 80.38 | 81.5 | 85.0 | 95.8 | 130.0 |
(16) | Loss Adj'd Risk Prm % EP | 75.67 | 78.0 | 85.0 | 106.6 | 175.0 |