03360 ZENITH INSURANCE COMPANY AND ITS AFFILIATED PROPERTY AND CASUALTY ...

242 Pages·2017·14.26 MB·English

PROPERTY AND CASUALTY COMPANIES—ASSOCIATION EDITION

COMBINED ANNUAL STATEMENT
FOR THE YEAR ENDING December 31, 2016
OF THE CONDITION AND AFFAIRS OF THE

ZENITH INSURANCE COMPANY AND ITS AFFILIATED
PROPERTY AND CASUALTY INSURER

NAIC Group Code 0158 NAIC Combined Company Code 03360

Mail Address 21255 Califa Street , Woodland Hills, CA 91367
(Street and Number) (City or Town, State and Zip Code)

Combined Statement Contact William John Owen 818-713-1000
(Name) (Area Code) (Telephone Number) (Extension)

NAME OF COMPANIES INCLUDED IN THIS STATEMENT

Name of Company NAIC Company Code

ZENITH INSURANCE COMPANY 13269

ZNAT INSURANCE COMPANY 30120

a. Is this an original filing? Yes ( X ) No ( )
b. If no,
1. State the amendment number _______________
2. Date filed _______________
3. Number of pages attached _______________
ANNUAL STATEMENT FOR THE YEAR 2016 OF THE ZENITH INSURANCE COMPANY AND ITS AFFILIATED
PROPERTY AND CASUALTY INSURER
ASSETS
Current Year Prior Year
1 2 3 4
Net Admitted Assets Net Admitted
Assets Nonadmitted Assets (Cols. 1 - 2) Assets
1. Bonds (Schedule D) 561,375,281 561,375,281 780,716,975
2. Stocks (Schedule D):
2.1 Preferred stocks 250,005 250,005 10,250,005
2.2 Common stocks 355,465,220 355,465,220 442,425,889
3. Mortgage loans on real estate (Schedule B):
3.1 First liens
3.2 Other than first liens
4. Real estate (Schedule A):
4.1 Properties occupied by the company (less $
encumbrances) 27,828,071 27,828,071 28,067,872
4.2 Properties held for the production of income (less
$ encumbrances)
4.3 Properties held for sale (less $
encumbrances)
5. Cash ($ 38,733,189 , Schedule E - Part 1), cash equivalents
($ 25,960,918 , Schedule E - Part 2) and short-term
investments ($ 607,245,991 , Schedule DA) 671,940,099 671,940,099 452,931,177
6. Contract loans (including $ premium notes)
7. Derivatives (Schedule DB) 7,517,717 7,517,717 39,494,519
8. Other invested assets (Schedule BA) 58,422,721 58,422,721 42,646,532
9. Receivable for securities 1,827,091 1,827,091 2,305,016
10. Securities lending reinvested collateral assets (Schedule DL)
11. Aggregate write-ins for invested assets
12. Subtotals, cash and invested assets (Lines 1 to 11) 1,684,626,205 1,684,626,205 1,798,837,985
13. Title plants less $ charged off (for Title insurers
only)
14. Investment income due and accrued 7,494,320 7,494,320 8,963,160
15. Premiums and considerations:
15.1 Uncollected premiums and agents' balances in the course of collection 14,473,734 888,760 13,584,974 11,359,401
15.2 Deferred premiums and agents' balances and installments booked but
deferred and not yet due (including $ 5,424,687
earned but unbilled premiums) 21,957,955 542,469 21,415,486 17,839,671
15.3 Accrued retrospective premiums ($ ) and
contracts subject to redetermination ($ )
16. Reinsurance:
16.1 Amounts recoverable from reinsurers 1,231,634 1,231,634 284,281
16.2 Funds held by or deposited with reinsured companies 23,464 23,464 23,969
16.3 Other amounts receivable under reinsurance contracts 20,666 20,666 39,666
17. Amounts receivable relating to uninsured plans
18.1 Current federal and foreign income tax recoverable and interest thereon 17,256,308
18.2 Net deferred tax asset 110,939,642 110,939,642 66,794,284
19. Guaranty funds receivable or on deposit 7,086,392 7,086,392 6,691,798
20. Electronic data processing equipment and software 2,482,400 1,871,281 611,119 1,017,003
21. Furniture and equipment, including health care delivery assets
($ ) 1,481,891 1,481,891
22. Net adjustment in assets and liabilities due to foreign exchange rates
23. Receivables from parent, subsidiaries and affiliates
24. Health care ($ ) and other amounts receivable
25. Aggregate write-ins for other than invested assets 15,306,019 8,580,294 6,725,725 5,767,165
26. Total assets excluding Separate Accounts, Segregated Accounts and
Protected Cell Accounts (Lines 12 to 25) 1,867,124,322 13,364,695 1,853,759,627 1,934,874,691
27. From Separate Accounts, Segregated Accounts and Protected Cell
Accounts
28. Total (Lines 26 and 27) 1,867,124,322 13,364,695 1,853,759,627 1,934,874,691
DETAILS OF WRITE-INS
1101.
1102.
1103.
1198. Summary of remaining write-ins for Line 11 from overflow page
1199. Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above)
2501. Prepaid items, deposits and loss fund deposits 10,404,551 7,948,609 2,455,942 1,948,252
2502. Equities and deposits in pools and associations 2,107,904 2,107,904 2,435,914
2503. Miscellaneous assets 2,355,942 479,678 1,876,265 1,059,197
2598. Summary of remaining write-ins for Line 25 from overflow page 437,623 152,008 285,615 323,802
2599. Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above) 15,306,019 8,580,294 6,725,725 5,767,165

2
ANNUAL STATEMENT FOR THE YEAR 2016 OF THE ZENITH INSURANCE COMPANY AND ITS AFFILIATED
PROPERTY AND CASUALTY INSURER
LIABILITIES, SURPLUS AND OTHER FUNDS
1 2
Current Year Prior Year
1. Losses (Part 2A, Line 35, Column 8) 925,656,636 948,441,902
2. Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part 1, Column 6) 1,546 24,867
3. Loss adjustment expenses (Part 2A, Line 35, Column 9) 218,752,208 224,846,438
4. Commissions payable, contingent commissions and other similar charges 8,870,874 8,159,772
5. Other expenses (excluding taxes, licenses and fees) 18,119,280 14,386,217
6. Taxes, licenses and fees (excluding federal and foreign income taxes) 8,500,761 14,197,321
7.1 Current federal and foreign income taxes (including $ on realized capital gains (losses)) 2,045,568
7.2 Net deferred tax liability
8. Borrowed money $ and interest thereon $
9. Unearned premiums (Part 1A, Line 38, Column 5) (after deducting unearned premiums for ceded reinsurance of
$ 2,435,719 and including warranty reserves of $ and accrued accident and
health experience rating refunds including $ for medical loss ratio rebate per the Public Health
Service Act) 77,964,593 76,344,195
10. Advance premium 4,097,306 4,331,492
11. Dividends declared and unpaid:
11.1 Stockholders
11.2 Policyholders
12. Ceded reinsurance premiums payable (net of ceding commissions) 2,090,800 1,803,319
13. Funds held by company under reinsurance treaties (Schedule F, Part 3, Column 19) 2,602 2,602
14. Amounts withheld or retained by company for account of others 2,427,910 3,416,135
15. Remittances and items not allocated
16. Provision for reinsurance (including $ 6,150 certified) (Schedule F, Part 8) 368,731 565,455
17. Net adjustments in assets and liabilities due to foreign exchange rates
18. Drafts outstanding
19. Payable to parent, subsidiaries and affiliates 3,718,446 16,940
20. Derivatives 3,088,975 1,435,518
21. Payable for securities 1,647,809
22. Payable for securities lending
23. Liability for amounts held under uninsured plans
24. Capital notes $ and interest thereon $
25. Aggregate write-ins for liabilities 14,490,809 13,583,049
26. Total liabilities excluding protected cell liabilities (Lines 1 through 25) 1,290,197,046 1,313,203,032
27. Protected cell liabilities
28. Total liabilities (Lines 26 and 27) 1,290,197,046 1,313,203,032
29. Aggregate write-ins for special surplus funds 3,902,334 4,245,450
30. Common capital stock 4,200,000 4,200,000
31. Preferred capital stock
32. Aggregate write-ins for other than special surplus funds
33. Surplus notes
34. Gross paid in and contributed surplus 318,910,645 318,910,645
35. Unassigned funds (surplus) 236,549,602 294,315,564
36. Less treasury stock, at cost:
36.1 shares common (value included in Line 30 $ )
36.2 shares preferred (value included in Line 31 $ )
37. Surplus as regards policyholders (Lines 29 to 35, less 36) (Page 4, Line 39) 563,562,581 621,671,659
38. TOTALS (Page 2, Line 28, Col. 3) 1,853,759,627 1,934,874,691
DETAILS OF WRITE-INS
2501. Loss reserves assumed from portfolio transfers 8,729,719 8,353,918
2502. Other liabilities 9,663,424 9,474,581
2503. Retroactive reinsurance reserve ceded (3,902,334) (4,245,450)
2598. Summary of remaining write-ins for Line 25 from overflow page
2599. Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above) 14,490,809 13,583,049
2901. Special surplus from retroactive reinsurance account 3,902,334 4,245,450
2902.
2903.
2998. Summary of remaining write-ins for Line 29 from overflow page
2999. Totals (Lines 2901 thru 2903 plus 2998)(Line 29 above) 3,902,334 4,245,450
3201.
3202.
3203.
3298. Summary of remaining write-ins for Line 32 from overflow page
3299. Totals (Lines 3201 thru 3203 plus 3298)(Line 32 above)

3
ANNUAL STATEMENT FOR THE YEAR 2016 OF THE ZENITH INSURANCE COMPANY AND ITS AFFILIATED
PROPERTY AND CASUALTY INSURER
STATEMENT OF INCOME
1 2
Current Year Prior Year
UNDERWRITING INCOME
1. Premiums earned (Part 1, Line 35, Column 4) 807,258,292 766,365,945
DEDUCTIONS:
2. Losses incurred (Part 2, Line 35, Column 7) 258,303,672 255,762,603
3. Loss adjustment expenses incurred (Part 3, Line 25, Column 1) 101,778,167 101,617,632
4. Other underwriting expenses incurred (Part 3, Line 25, Column 2) 257,845,526 250,197,404
5. Aggregate write-ins for underwriting deductions
6. Total underwriting deductions (Lines 2 through 5) 617,927,365 607,577,639
7. Net income of protected cells
8. Net underwriting gain or (loss) (Line 1 minus Line 6 plus Line 7) 189,330,927 158,788,306
INVESTMENT INCOME
9. Net investment income earned (Exhibit of Net Investment Income, Line 17) 30,545,525 21,164,464
10. Net realized capital gains or (losses) less capital gains tax of $ 5,141,000 (Exhibit of Capital
Gains (Losses) ) (44,572,244) (9,427,483)
11. Net investment gain (loss) (Lines 9 + 10) (14,026,719) 11,736,981
OTHER INCOME
12. Net gain (loss) from agents’ or premium balances charged off (amount recovered
$ 968,562 amount charged off $ 1,343,249 ) (374,687) (858,031)
13. Finance and service charges not included in premiums 82,542 73,633
14. Aggregate write-ins for miscellaneous income 1,618,832 1,605,322
15. Total other income (Lines 12 through 14) 1,326,687 820,924
16. Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes
(Lines 8 + 11 + 15) 176,630,895 171,346,211
17. Dividends to policyholders 16,566,617 12,941,305
18. Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes
(Line 16 minus Line 17) 160,064,278 158,404,906
19. Federal and foreign income taxes incurred 44,726,377 37,816,326
20. Net income (Line 18 minus Line 19)(to Line 22) 115,337,901 120,588,580
CAPITAL AND SURPLUS ACCOUNT
21. Surplus as regards policyholders, December 31 prior year (Page 4, Line 39, Column 2) 621,671,659 564,534,762
22. Net income (from Line 20) 115,337,901 120,588,580
23. Net transfers (to) from Protected Cell accounts
24. Change in net unrealized capital gains or (losses) less capital gains tax of $ (42,145,980) (78,271,111) 5,021,195
25. Change in net unrealized foreign exchange capital gain (loss) (13,843,108) (14,449,167)
26. Change in net deferred income tax 1,999,378 5,108,531
27. Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 28, Col. 3) (3,185,747) 949,183
28. Change in provision for reinsurance (Page 3, Line 16, Column 2 minus Column 1) 196,724 228,433
29. Change in surplus notes
30. Surplus (contributed to) withdrawn from protected cells
31. Cumulative effect of changes in accounting principles
32. Capital changes:
32.1 Paid in
32.2 Transferred from surplus (Stock Dividend)
32.3 Transferred to surplus
33. Surplus adjustments:
33.1 Paid in
33.2 Transferred to capital (Stock Dividend)
33.3 Transferred from capital
34. Net remittances from or (to) Home Office
35. Dividends to stockholders (80,000,000) (60,000,000)
36. Change in treasury stock (Page 3, Lines 36.1 and 36.2, Column 2 minus Column 1)
37. Aggregate write-ins for gains and losses in surplus (343,116) (309,858)
38. Change in surplus as regards policyholders for the year (Lines 22 through 37) (58,109,079) 57,136,897
39. Surplus as regards policyholders, December 31 current year (Line 21 plus Line 38) (Page 3, Line 37) 563,562,581 621,671,659
DETAILS OF WRITE-INS
0501.
0502.
0503.
0598. Summary of remaining write-ins for Line 5 from overflow page
0599. Totals (Lines 0501 thru 0503 plus 0598)(Line 5 above)
1401. Miscellaneous income from pools and associations 47,112 18,221
1402. Other income 1,571,719 1,587,101
1403.
1498. Summary of remaining write-ins for Line 14 from overflow page
1499. Totals (Lines 1401 thru 1403 plus 1498)(Line 14 above) 1,618,832 1,605,322
3701. Change in special surplus from retroactive reinsurance account (343,116) (309,858)
3702.
3703.
3798. Summary of remaining write-ins for Line 37 from overflow page
3799. Totals (Lines 3701 thru 3703 plus 3798)(Line 37 above) (343,116) (309,858)

4
ANNUAL STATEMENT FOR THE YEAR 2016 OF THE ZENITH INSURANCE COMPANY AND ITS AFFILIATED
PROPERTY AND CASUALTY INSURER
CASH FLOW
1 2
Current Year Prior Year
Cash from Operations
1. Premiums collected net of reinsurance 803,418,690 766,234,063
2. Net investment income 30,625,933 19,504,485
3. Miscellaneous income 1,326,686 820,923
4. Total (Lines 1 through 3) 835,371,309 786,559,471
5. Benefit and loss related payments 282,293,535 236,153,528
6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts
7. Commissions, expenses paid and aggregate write-ins for deductions 361,979,199 344,921,424
8. Dividends paid to policyholders 16,566,617 12,941,305
9. Federal and foreign income taxes paid (recovered) net of $ 5,141,000 tax on capital gains (losses) 30,565,501 72,197,823
10. Total (Lines 5 through 9) 691,404,852 666,214,080
11. Net cash from operations (Line 4 minus Line 10) 143,966,457 120,345,391
Cash from Investments
12. Proceeds from investments sold, matured or repaid:
12.1 Bonds 602,527,924 21,457,001
12.2 Stocks 80,142,926 54,588,850
12.3 Mortgage loans 29,675,000
12.4 Real estate
12.5 Other invested assets 2,017,775 46,974,190
12.6 Net gains or (losses) on cash, cash equivalents and short-term investments 64,682 (1,438,723)
12.7 Miscellaneous proceeds 3,754,985 35,875,168
12.8 Total investment proceeds (Lines 12.1 to 12.7) 688,508,292 187,131,486
13. Cost of investments acquired (long-term only):
13.1 Bonds 357,905,253 67,322,140
13.2 Stocks 54,977,579 163,985,760
13.3 Mortgage loans
13.4 Real estate 878,211 93,546
13.5 Other invested assets 20,258,370 3,916,014
13.6 Miscellaneous applications 94,687,234 963,055
13.7 Total investments acquired (Lines 13.1 to 13.6) 528,706,647 236,280,515
14. Net increase (decrease) in contract loans and premium notes
15. Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14) 159,801,645 (49,149,029)
Cash from Financing and Miscellaneous Sources
16. Cash provided (applied):
16.1 Surplus notes, capital notes
16.2 Capital and paid in surplus, less treasury stock
16.3 Borrowed funds
16.4 Net deposits on deposit-type contracts and other insurance liabilities
16.5 Dividends to stockholders 80,000,000 60,000,000
16.6 Other cash provided (applied) (4,759,180) (3,099,639)
17. Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6) (84,759,180) (63,099,639)
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
18. Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) 219,008,922 8,096,723
19. Cash, cash equivalents and short-term investments:
19.1 Beginning of year 452,931,177 444,834,454
19.2 End of period (Line 18 plus Line 19.1) 671,940,099 452,931,177

Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0001.During the year ended December 31, 2016, proceeds from investments sold, bonds (line 12.1) and cost of
investments acquired, bonds (line 13.1) exclude $52.6 million related to the non-cash disposal/acquisition of
various municipal bonds. In addition, proceeds from investments sold, stocks (line 12.2) and cost of investments
acquired, stocks (line 13.2) exclude $20.8 million related to the non-cash conversion of preferred stocks to
common stocks. 73,381,751
5
ANNUAL STATEMENT FOR THE YEAR 2016 OF THE ZENITH INSURANCE COMPANY AND ITS AFFILIATED
PROPERTY AND CASUALTY INSURER
Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0002.During the year ended December 31, 2015, proceeds from investments sold, bonds (line 12.1) and cost of
investments acquired, bonds (line 13.1) exclude $12.8 million related to the non-cash disposal/acquisition of a
municipal bond. In addition, proceeds from investments sold, stocks (line 12.2) and cost of investments
acquired, stocks (line 13.2) exclude $22.4 million related to the non-cash conversion of preferred stocks to
common stocks. 35,244,000
5.1
ANNUAL STATEMENT FOR THE YEAR 2016 OF THE ZENITH INSURANCE COMPANY AND ITS AFFILIATED
PROPERTY AND CASUALTY INSURER
UNDERWRITING AND INVESTMENT EXHIBIT
PART 1 - PREMIUMS EARNED
1 2 3 4
Unearned Premiums Unearned Premiums
Net Premiums Dec. 31 Prior Year - Dec. 31 Current Premiums Earned
Written per per Col. 3, Year - per Col. 5 During Year
Line of Business Column 6, Part 1B Last Year’s Part 1 Part 1A (Cols. 1 + 2 - 3)
1. Fire 4,542,118 1,861,080 2,151,335 4,251,863
2. Allied lines
3. Farmowners multiple peril
4. Homeowners multiple peril
5. Commercial multiple peril 21,301,630 8,222,309 9,015,731 20,508,208
6. Mortgage guaranty
8. Ocean marine
9. Inland marine
10. Financial guaranty
11.1 Medical professional liability - occurrence
11.2 Medical professional liability - claims-made
12. Earthquake 221,669 108,906 123,189 207,387
13. Group accident and health
14. Credit accident and health (group and individual)
15. Other accident and health
16. Workers' compensation 757,654,609 54,958,528 53,910,321 758,702,816
17.1 Other liability - occurrence 6,263,617 3,789,104 4,212,410 5,840,311
17.2 Other liability - claims-made
17.3 Excess workers' compensation
18.1 Products liability - occurrence
18.2 Products liability - claims-made
19.1, 19.2 Private passenger auto liability
19.3, 19.4 Commercial auto liability 14,088,844 5,573,272 6,319,364 13,342,752
21. Auto physical damage 4,742,598 1,800,761 2,195,550 4,347,809
22. Aircraft (all perils)
23. Fidelity
24. Surety
26. Burglary and theft 63,606 30,234 36,694 57,145
27. Boiler and machinery
28. Credit
29. International
30. Warranty
31. Reinsurance - nonproportional assumed property
32. Reinsurance - nonproportional assumed liability
33. Reinsurance - nonproportional assumed financial lines
34. Aggregate write-ins for other lines of business
35. TOTALS 808,878,690 76,344,195 77,964,593 807,258,292
DETAILS OF WRITE-INS
3401.
3402.
3403.
3498. Summary of remaining write-ins for Line 34 from overflow page
3499. Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)
6
ANNUAL STATEMENT FOR THE YEAR 2016 OF THE ZENITH INSURANCE COMPANY AND ITS AFFILIATED
PROPERTY AND CASUALTY INSURER
UNDERWRITING AND INVESTMENT EXHIBIT
PART 1A - RECAPITULATION OF ALL PREMIUMS
1 2 3 4 5
Reserve for Rate
Amount Unearned Amount Unearned Credits and
(Running One Year (Running More Than Retrospective Total Reserve for
or Less from Date One Year from Earned But Unbilled Adjustments Based Unearned Premiums
Line of Business of Policy) (a) Date of Policy) (a) Premium on Experience Cols. 1 + 2 + 3 + 4
1. Fire 2,151,335 2,151,335
2. Allied lines
3. Farmowners multiple peril
4. Homeowners multiple peril
5. Commercial multiple peril 9,015,731 9,015,731
6. Mortgage guaranty
8. Ocean marine
9. Inland marine
10. Financial guaranty
11.1 Medical professional liability - occurrence
11.2 Medical professional liability - claims-made
12. Earthquake 123,189 123,189
13. Group accident and health
14. Credit accident and health (group and
individual)
15. Other accident and health
16. Workers' compensation 53,231,822 678,500 53,910,321
17.1 Other liability - occurrence 4,212,410 4,212,410
17.2 Other liability - claims-made
17.3 Excess workers' compensation
18.1 Products liability - occurrence
18.2 Products liability - claims-made
19.1, 19.2 Private passenger auto liability
19.3, 19.4 Commercial auto liability 6,319,364 6,319,364
21. Auto physical damage 2,195,550 2,195,550
22. Aircraft (all perils)
23. Fidelity
24. Surety
26. Burglary and theft 36,694 36,694
27. Boiler and machinery
28. Credit
29. International
30. Warranty
31. Reinsurance - nonproportional assumed
property
32. Reinsurance - nonproportional assumed
liability
33. Reinsurance - nonproportional assumed
financial lines
34. Aggregate write-ins for other lines of business
35. TOTALS 77,286,094 678,500 77,964,593
36. Accrued retrospective premiums based on experience
37. Earned but unbilled premiums
38. Balance (Sum of Line 35 through 37) 77,964,593
DETAILS OF WRITE-INS
3401.
3402.
3403.
3498. Summary of remaining write-ins for Line 34
from overflow page
3499. Totals (Lines 3401 thru 3403 plus 3498)(Line
34 above)
(a) State here basis of computation used in each case Principally daily pro-rata.
7
ANNUAL STATEMENT FOR THE YEAR 2016 OF THE ZENITH INSURANCE COMPANY AND ITS AFFILIATED
PROPERTY AND CASUALTY INSURER
UNDERWRITING AND INVESTMENT EXHIBIT
PART 1B - PREMIUMS WRITTEN
1 Reinsurance Assumed Reinsurance Ceded 6
2 3 4 5 Net Premiums
Written
Line of Business Direct Business (a) From Affiliates From Non-Affiliates To Affiliates To Non-Affiliates Cols. 1+2+3-4-5
1. Fire 5,494,956 952,839 4,542,118
2. Allied lines
3. Farmowners multiple peril
4. Homeowners multiple peril
5. Commercial multiple peril 23,163,247 1,861,617 21,301,630
6. Mortgage guaranty
8. Ocean marine
9. Inland marine
10. Financial guaranty
11.1 Medical professional liability -
occurrence
11.2 Medical professional liability -
claims-made
12. Earthquake 242,481 20,812 221,669
13. Group accident and health
14. Credit accident and health (group
and individual)
15. Other accident and health
16. Workers' compensation 755,225,254 7,111,086 4,681,731 757,654,609
17.1 Other liability - occurrence 10,940,218 4,676,601 6,263,617
17.2 Other liability - claims-made
17.3 Excess workers' compensation
18.1 Products liability - occurrence
18.2 Products liability - claims-made
19.1, 19.2 Private passenger auto liability
19.3, 19.4 Commercial auto liability 14,088,844 14,088,844
21. Auto physical damage 4,798,972 56,374 4,742,598
22. Aircraft (all perils)
23. Fidelity
24. Surety
26. Burglary and theft 69,340 5,735 63,606
27. Boiler and machinery
28. Credit
29. International
30. Warranty
31. Reinsurance - nonproportional
assumed property XXX
32. Reinsurance - nonproportional
assumed liability XXX
33. Reinsurance - nonproportional
assumed financial lines XXX
34. Aggregate write-ins for other lines of
business
35. TOTALS 814,023,312 7,111,086 12,255,707 808,878,690
DETAILS OF WRITE-INS
3401.
3402.
3403.
3498. Summary of remaining write-ins for
Line 34 from overflow page
3499. Totals (Lines 3401 thru 3403 plus
3498)(Line 34 above)
(a) Does the company's direct premiums written include premiums recorded on an installment basis? Yes [ X ] No [ ]
If yes: 1. The amount of such installment premiums $ 788,049,093
2. Amount at which such installment premiums would have been reported had they been reported on an annualized basis $ 750,670,795
8
ANNUAL STATEMENT FOR THE YEAR 2016 OF THE ZENITH INSURANCE COMPANY AND ITS AFFILIATED PROPERTY AND CASUALTY INSURER
UNDERWRITING AND INVESTMENT EXHIBIT
PART 2 - LOSSES PAID AND INCURRED
Losses Paid Less Salvage 5 6 7 8
1 2 3 4 Percentage of
Losses Incurred
Net Losses Unpaid Losses Incurred (Col. 7, Part 2) to
Reinsurance Reinsurance Net Payments Current Year Net Losses Unpaid Current Year Premiums Earned
Line of Business Direct Business Assumed Recovered (Cols. 1 + 2 -3 ) (Part 2A , Col. 8) Prior Year (Cols. 4 + 5 - 6) (Col. 4, Part 1)
1. Fire 427,564 427,564 524,119 558,849 392,835 9.2
2. Allied lines
3. Farmowners multiple peril
4. Homeowners multiple peril
5. Commercial multiple peril 10,203,191 71,012 10,132,179 7,316,822 7,136,129 10,312,871 50.3
6. Mortgage guaranty
8. Ocean marine
9. Inland marine
10. Financial guaranty
11.1 Medical professional liability - occurrence
11.2 Medical professional liability - claims-made
12. Earthquake
13. Group accident and health
14. Credit accident and health (group and individual)
15. Other accident and health
16. Workers' compensation 263,220,044 3,928,370 7,126,339 260,022,076 892,175,796 918,397,365 233,800,507 30.8
17.1 Other liability - occurrence 1,764,248 1,162,663 601,585 5,081,635 3,619,333 2,063,887 35.3
17.2 Other liability - claims-made
17.3 Excess workers' compensation
9 18.1 Products liability - occurrence
18.2 Products liability - claims-made
19.1, 19.2 Private passenger auto liability
19.3, 19.4 Commercial auto liability 5,563,066 5,563,066 17,714,790 14,815,796 8,462,060 63.4
21. Auto physical damage 3,769,970 3,769,970 325,078 315,067 3,779,981 86.9
22. Aircraft (all perils)
23. Fidelity
24. Surety
26. Burglary and theft 1,414 1,414 1,414 2.5
27. Boiler and machinery
28. Credit
29. International
30. Warranty
31. Reinsurance - nonproportional assumed property XXX
32. Reinsurance - nonproportional assumed liability XXX 571,084 571,084 2,518,397 3,599,364 (509,883)
33. Reinsurance - nonproportional assumed financial lines XXX
34. Aggregate write-ins for other lines of business
35. TOTALS 284,949,498 4,499,454 8,360,014 281,088,938 925,656,636 948,441,902 258,303,672 32.0
DETAILS OF WRITE-INS
3401.
3402.
3403.
3498. Summary of remaining write-ins for Line 34 from overflow page
3499. Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)