were BD870,000 compared with BD1.
Theoretical underwriting profits
and losses can be determined by the Capital Asset Pricing Model.
The underwriting profit
ratio is calculated as a ratio of underwriting profits
and earned premium.
The firm said that its operating profits rose 43 percent to GBP523m because of record underwriting profits
P&C insurers generated underwriting profits
in the last two years.
Perhaps they feared some federal lawmaker devising a new windfall underwriting profits
tax along the lines of the one Big Oil faces periodically.
R&SA said underwriting profits
in the UK fell to pounds 51m in the first half of the year, from pounds 95m in 2006, although it stressed the division maintained strong profitability during the period.
is predicting another year of underwriting profits
in 2005, but expects a downturn in 2006, according to a study released by the firm.
Profits are not realized immediately, but over the long-term life of the captive; usually underwriting profits
are not returned to policyholders' accounts for 3 to 5 years, minimum.
BNH chief executive Sameer AlWazzan said "the improvement in technical underwriting profits
reflect the selective and proactive approach to business and the group's investment performance shows a risk calibrated approach aimed at generating a steady and consistent income".
in the US property and casualty insurance industry have not been stable for the past several decades.