Financial Highlights
The Crum & Forster companies are wholly owned subsidiaries of Crum & Forster Holdings Corp., which is a wholly owned subsidiary of Fairfax Financial Holdings Limited (Toronto: FFH.TO).
Fairfax Financial Holdings Limited is a financial services holding company whose corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Click here for Fairfax's Annual Reports.
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Crum & Forster Holdings Corp. (US$ in Millions; IFRS Basis unless otherwise noted) |
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| Three Months Ended 12/31/2012 1 |
Three Months Ended 12/31/2011 1 |
Year Ended 12/31/2012 |
Year Ended 12/31/2011 |
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| Shareholder's Equity | $1,438.3 | $1,433.2 | $1,438.3 | $1,433.2 | ||||
| Gross Written Premiums | $369.1 | $375.2 | $1,529.7 | $1,327.7 | ||||
| Net Income (Loss) | ($5.9) | ($130.6) | $29.3 | ($1.8) | ||||
| Combined Ratio | 126.8% | 120.4% | 109.3% | 107.9% | ||||
| Statutory Surplus | $1,231.0 | $1,245.3 | $1,231.0 | $1,245.3 | ||||
| 1 Unaudited | ||||||||
Definitions:
IFRS – International Financial Reporting Standards.
Shareholder's Equity – A firm’s total assets minus its total liabilities.
Gross Written Premiums –
Premiums registered on the books at the time a policy is issued and
paid for, on a gross basis (before deductions of costs, such as
reinsurance).
Net Income – Net income (loss) is calculated by taking revenues and adjusting for the cost of doing business, interest, taxes and other expenses.
Combined Ratio – The sum of two ratios: loss ratio is calculated by dividing incurred losses plus loss adjustment expense (LAE) by earned premiums (the calendar year loss ratio); and expense ratio is calculated by dividing all other expenses by earned premiums.
Statutory Surplus – An insurance company's total assets minus its total liabilities, both computed under accounting principles prescribed or permitted by state insurance regulatory authorities.