American Re-Insurance Co.
555 College Road E., Princeton,
N.J. 08543; 609-243-4200;
fax: 609-243-4257
www.amre.com
1997* 1996*
Prem. written $2,491,723,371 $2,622,856,119
Prem. earned $2,488,891,900 $2,497,846,313
Capital/surplus $2,301,404,018 $2,167,726,800
Net income $196,336,496 $356,352,607
Losses $1,712,952,630 $1,685,676,229
Loss ratio 68.8% 67.5%
Expenses $878,296,642 $815,980,330
Expense ratio 35.3% 32.7%
Combined ratio 104.1% 100.2%
Treaty 72% 68.7%
Facultative 28% 31.3%
Domestic 82.6% 83.1%
Foreign 17.4% 16.9%
Non-life 100% 100%
* Figures are pro forma and include American Alternative Insurance Co., Munich American Reinsurance Co. and Munich Reinsurance Co. U.S. Branch.
Founded: 1917.
Parent: Munich Reinsurance Co.
Subsidiaries: American Re-Insurance Co. (Chile) S.A.
Employees: 1,557.
Locations: 13 domestic, 14 foreign.
Officers: Edward J. Noonan, president/CEO; Robert K. Burgess, executive vp/general counsel/secretary; Mahmoud M. Abdallah, Albert J. Beer, Gregory T. Doyle, executive vps; George T. O'Shaughnessy Jr., senior vp/CFO.
Contact: Tom Walker, senior vp, 609-243-4679.
AXA RE
39 Rue du Colisee, Paris 75008, France; 33-1-40-75-5500;
fax: 33-1-40-75-5632
1997 1996
Prem. written $1,230,678,792 $1,396,904,348
Prem. earned $1,236,081,195 $1,386,090,244
Capital/surplus $1,282,531,464 $1,316,535,920
Net income $136,325,475 $105,949,564
Losses $907,581,132 $1,126,446,888
Loss ratio 73.4% 81.3%
Expenses $429,846,633 $401,853,508
Expense ratio 34.8% 29%
Combined ratio 108.2% 110.3%
Life 86% 89%
Non-life 14% 11%
Founded: 1975.
Subsidiaries: AXA RE Asia, AXA RE Canada, AXA RE Finance, AXA RE France, AXA RE Latin America, AXA RE Life, AXA RE U.K. P.L.C., AXA RE U.S.A., CGRM, SPS RE.
Employees: 668.
Locations: Two domestic, seven foreign.
Officers: Jean-Marie Nessi, president/CEO; Jean-Pierre Benoit, COO; Eric Paire, chief life officer; Jean-Paul Guillaumie, CFO; Adrian Ballardie, CEO-AXA RE U.K.; B. Lippincott, CEO-AXA RE U.S.A.
Contact: T. Pucci, CFO, 212-493-9300.
B
Bavarian Re
Sederanger 4-6, 80538 Munich, Munich D-80526, Germany; 49/89-0; fax: 49/89-2279
www.bayerischerueck.com
1996* 1995*
Prem. written $1,598,660,000 $1,648,040,674
Prem. earned $1,607,105,500 $1,641,732,854
Capital/surplus $922,421,500 $762,169,244
Net income $53,200,000 $55,840,000
Losses $1,032,346,000 $1,117,213,913
Loss ratio 64.2% 68.0%
Expenses $457,985,500 $487,538,764
Expense ratio 28.5% 29.6%
Combined ratio 92.7% 97.6%
* Fiscal years ending 12/31/96 and 12/31/95.
Founded: 1911.
Parent: Swiss Reinsurance Co.
Employees**: 420.
** Reflects year-end 1996.
Information for Bavarian Re is included in the consolidated Swiss Re Group listing.
Berkshire Hathaway Group
100 First Stamford Place, Stamford, Conn. 06902; 203-363-5200;
fax: 203-363-5221
www.berkshirehathaway.com
1997 1996
Prem. written $955,400,000 $715,500,000
Prem. earned $966,600,000 $757,500,000
Capital/surplus* $37,239,500,000 $26,079,600,000
Losses $675,800,000 $572,900,000
Loss ratio 69.9% 75.6%
Expenses $163,000,000 $192,400,000
Expense ratio 16.9% 25.4%
Combined ratio 86.8% 101%
Treaty 97% 97%
Facultative 3% 3%
Domestic 75% 75%
Foreign 25% 25%
* Capital and surplus figures represent the consolidated surplus for the Berkshire Hathaway Insurance Group.
Founded: 1969.
Subsidiaries: Columbia Insurance Co., National Fire & Marine Insurance Co., National Indemnity Co.
Employees: 14.
Locations: One domestic, one foreign.
Specialties: Property catastrophe, finite risk, marine and aviation, excess of loss, limited pro rata, property faculative, portfolio transfers.
Officers: Ajit Jain, president; Scott Doerr, Scott Stirling, Brian Snover, Brian Garrison, vps; Thomas Bolt, European operations.
Contact: Scott Stirling, 203-363-5217.