Insurance Company Exposure to Terrorist Attacks in the U.S.
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Company | Country | Low Estimate | High Estimate | Original Date | Restated Date | Description** |
ACE Ltd. | Bermuda | $558,800 | Sept. 12 | Oct. 24 (up) | after-tax losses; $636.9M pretax | |
Aegon | Netherlands | 50,000 | Sept. 19 | pretax claims costs | ||
Aetna Inc. | U.S. | 9,000 | Sept. 17 | Nov. 7 | after-tax losses, net of reinsurance | |
Aioi Insurance Co. Ltd. | Japan | $645,000 | 806,000 | Nov. 22 | reinsurance claims payments (source: Reuters) | |
Alleghany Corp. | U.S. | 112,000 | Sept. 28 | pretax losses net of reinsurance | ||
Allianz | Germany | 1,322,000 | Sept. 12 | Nov. 14 (up) | in claims | |
Allmerica Financial Corp. | U.S. | 15,000 | Sept. 19 | Oct. 29 (down) | pretax losses | |
Allstate Corp. | U.S. | 32,000 | Oct. 10 | after-tax net losses | ||
Ambac | U.S. | 6,000 | 10,000 | Sept. 18 | unrealized loss | |
American Financial Group Inc. | U.S. | 20,000 | Sept. 19 | net pretax losses | ||
American International Group | U.S. | 820,000 | Sept. 13 | Oct. 25 (up) | pretax losses | |
American National Insurance Co. | U.S. | 18,400 | Oct. 23 | net of reinsurance | ||
American Re Corp. (Munich Re sub) | U.S. | 474,100 | Nov. 14 | pretax losses, net of reinsurance | ||
American United Life Ins. Co. | U.S. | 5,000 | 15,000 | Oct. 15 | after-tax losses | |
Amlin PLC | U.K. | 86,704 | Sept. 18 | Oct. 16 (up) | in claims | |
Annuity & Life Re (Holdings) | U.S. | 12,000 | Sept. 28 | Oct. 25 (up) | net losses | |
Aon Corp. | U.S. | 53,000 | Sept. 17 | Nov. 7 | pretax losses | |
Argonaut Group Inc. | U.S. | 5,000 | Sept. 20 | Oct. 23 (down) | net losses; workers comp. losses | |
Atrium Underwriting | U.K. | 11,737 | Sept. 23 | pretax loss | ||
Axa | France | 550,000 | Sept. 13 | Sept. 21 (up) | pretax losses | |
Baldwin & Lyons | U.S. | 20,000 | Sept. 21 | pretax losses | ||
Berkshire Hathaway | U.S. | 2,275,000 | Sept. 20 | Nov. 9 (up) | 3%-5% estimated industry losses | |
Brit Insurance Holdings PLC | U.K. | 111,000 | Sept. 21 | Oct. 26 (up)* | net loss before reinstatements | |
Canada Life Assurance Co. | Canada | 9,500 | Sept. 27 | after-tax loss | ||
CGNU PLC | U.K. | 51,500 | Sept. 17 | net losses (source: BBC News) | ||
Chaucer Holdings PLC | U.K. | 12,000 | 18,000 | Sept. 20 | pretax losses (source: Reuters) | |
Chubb Corp. | U.S. | 500,000 | 600,000 | Sept. 11 | Sept. 24 (up) | pretax losses |
Cigna Corp. | U.S. | 25,000 | Oct. 1 | after-tax losses from claims | ||
Cincinnati Financial | U.S. | 8,700 | Oct. 12 | pretax losses, including reinsurance | ||
Citigroup Inc. | U.S. | 700,000 | Sept. 17 | Oct. 17 (up) | $500M after-tax net loss | |
Clarica | Canada | 33,750 | Sept. 17 | pretax losses | ||
CNA Financial Corp. | U.S. | 468,000 | Sept. 14 | Nov. 1 (up) | pretax losses; $304M after-tax | |
Conseco Inc. | U.S. | 5,000 | Sept. 17 | pretax losses | ||
Copenhagen Re | Denmark | 18,583 | 43,361 | Oct. 2 | losses | |
Cox Insurance Holdings PLC | U.K. | 95,945 | Sept. 28 | Oct. 25 (up) | claims | |
Delphi Financial Group Inc. | U.S. | 1,500 | 2,500 | Sept. 17 | after-tax loss; net of reinsurance | |
EMC Insurance Group Inc. | U.S. | 1,500 | Nov. 1 | reinsurance losses capped at $1.5M | ||
Employers Re | U.S. | 600,000 | Sept. 14 | pretax net losses | ||
Erie Indemnity Co. | U.S. | 100,000 | 150,000 | Sept. 25 | Sept. 27 | primary ins. & reinsurance |
ESG Re Ltd. | Bermuda | 1,000 | Sept. 17 | gross before reinsurance | ||
Everest Re Ltd. | U.S. | 75,000 | Sept. 16 | after-tax net loss | ||
Factory Mutual Insurance (FM Global) | U.S. | 250,000 | Sept. 20 | net pretax losses, after reinsurance | ||
Fairfax Financial Holdings Ltd. | Canada | 82,000 | Sept. 14 | Nov. 6* | after-tax exposure (source: Reuters) | |
Faraday Underwriting Limited | U.K. | 71,000 | Sept. 28 | net of recoverables and reinstatements | ||
FBL Financial Group | U.S. | 1,600 | Oct. 31 | reinsurance losses | ||
Fortis Ltd. | Belgium | 18,342 | Sept. 24 | net losses | ||
Generali | Italy | 20,000 | Sept. 17 | Sept. 21 (up) | claims payments (source: Reuters) | |
Gerling Global Re | Germany | 201,473 | 247,269 | Sept. 26 | pretax loss | |
Goshawk Insurance | U.K. | 12,000 | Sept. 28 | net claims | ||
Great West Life Assurance | Canada | 52,000 | Sept. 27 | net losses | ||
Hannover Re | Germany | 364,000 | Sept. 13 | net losses; gross loss $1.16B | ||
Harleysville Group Inc. | U.S. | 3,600 | Sept. 19 | pretax losses | ||
Hartford Financial Services Group Inc. | U.S. | 440,000 | Sept. 18 | Oct. 16 (down) | after-tax loss; P/C: $420M, Life: $20M | |
HCC Insurance Holdings Inc. | U.S. | 30,000 | Oct. 9 | pretax net loss | ||
Highland Insurance Group Inc. | U.S. | 2,000 | Oct. 2 | losses | ||
Company | Country | Low Estimate | High Estimate | Original Date | Restated Date | Description** |
Hiscox PLC | U.K. | 43,500 | Sept. 25 | Oct. 18 (up) | net losses; in Lloyds of London market | |
ING Group | Netherlands | 90,827 | Sept. 18 | Oct. 15 (up) | after-tax losses, net of reinsurance | |
IPC Holdings Ltd. | Bermuda | 112,000 | Oct. 12 | Oct. 23 (up) | net claims | |
Jefferson Pilot Corp. | U.S. | 4,000 | Oct. 29 | after-tax claims | ||
Kemper Insurance Cos. | U.S. | 60,000 | 80,000 | Sept. 19 | net pretax losses | |
Kiln PLC | U.K. | 65,300 | Oct. 8 | net losses, net of reinsurance | ||
Le Mans Re | France | 38,508 | 53,636 | Oct. 15 | net claims | |
Legal & General | U.K. | 10,000 | Oct. 16 | net losses, net of reinsurance | ||
Liberty Mutual Group | U.S. | 200,000 | 300,000 | Sept. 18 | after-tax net loss, after reinsurance | |
Lincoln National Corp. | U.S. | 33,200 | Sept. 14 | Nov. 6 (down)* | net losses; $31.3M reinsurance; $1.9M life | |
Lloyds of London | U.K. | 2,700,000 | Sept. 26 | Nov. 27 (up)* | net exposure; $8.2B gross | |
Manulife Financial Corp. | Canada | 94,016 | Sept. 13 | Oct. 30 (up) | after-tax losses; $63M identified exp. | |
Markel Corp. | U.S. | 75,000 | Sept. 14 | net pretax losses | ||
Max Re Capital Ltd. | Bermuda | 5,000 | Sept. 27 | gross claims | ||
MetLife | U.S. | 208,000 | Sept. 14 | Nov. 6 (down) | after-tax net loss | |
Mitsui Sumitomo Ins. Co. Ltd. | Japan | 22,600 | Nov. 27 | claims payments (source: Reuters) | ||
Munich RE | Germany | 1,840,000 | Sept. 13 | Sept. 20 (up)* | pretax losses (source: Reuters) | |
Mutual Risk Management Ltd. | U.S. | 800 | Nov. 6 | after-tax losses | ||
Nationwide Mutual Insurance Co. | U.S. | 10,000 | Sept. 19 | losses | ||
Navigators Group Inc. | U.S. | 4,500 | Sept. 19 | Oct. 31 (down) | after-tax net loss | |
New York Life | U.S. | 100,000 | Sept. 14 | Sept. 26 (up)* | claims payments | |
Nipponkoa Insurance Co. Ltd. | Japan | 8,420 | Sept. 13 | claims payments (source: Reuters) | ||
Nissan Fire & Marine Ins. Co. Ltd. | Japan | $603,800 | Nov. 22 | reinsurance claims payments (source: Reuters) | ||
Nissay Dowa General Insurance Co. Ltd. | Japan | 11,410 | Sept. 13 | Oct. 24 (up) | claims payments (source: Reuters) | |
Northwestern Mutual Life Insurance Co. | U.S. | 150,000 | Sept. 27 | Oct. 9 (down) | claims payments | |
NYMagic Inc. | U.S. | 9,000 | Sept. 19 | pretax loss | ||
Odyssey Re Holding | Bermuda | 80,800 | Sept. 14 | Nov. 6 (up) | pretax net losses; gross loss $171.7M | |
Ohio Casualty Corp. | U.S. | 4,700 | Sept. 14 | after-tax losses | ||
OneBeacon Insurance Group & Folksamerica Re | Bermuda | 84,600 | Sept. 14 | Nov. 14* | after-tax losses net of reinsurance | |
Overseas Partners Ltd. | Bermuda | 114,000 | Sept. 25 | net losses | ||
PartnerRe Ltd. | Bermuda | 400,000 | Sept. 21 | Nov. 6 | pretax losses; after-tax $382M | |
Philadelphia Consolidated Holding Corp. | U.S. | 4,000 | Sept. 21 | Oct. 19 (up)* | net pretax losses | |
Phoenix Cos. Inc. | U.S. | 5,000 | Sept. 25 | pretax losses net of reinsurance | ||
PMA Capital Corp. | U.S. | 30,000 | Sept. 18 | pretax losses | ||
Preserver Group Inc. | U.S. | $500 | 700 | Sept. 21 | after tax losses | |
Principal Financial Group | U.S. | 9,000 | 12,000 | Sept. 25 | pretax losses net of reinsurance | |
Prudential Financial Inc. | U.S. | 75,000 | 125,000 | Sept. 17 | after taxes, including reinsurance | |
PXRE Group Ltd. | Barbados | 27,190 | Sept. 14 | Nov. 6 | net losses; gross loss $180.7M | |
QBE Insurance Group Ltd. | Australia | 123,000 | Sept. 21 | net loss after-tax A$250M | ||
Reinsurance Group of America Inc. | U.S. | 10,000 | Oct. 17 | after-tax net claims | ||
RenaissanceRe Holdings Ltd. | U.S. | 48,100 | Oct. 2 | Nov. 14 (down)* | net losses, gross losses $148.5M | |
Royal & Sun Alliance Insurance Group PLC | U.K. | 290,000 | Sept. 13 | Oct. 11 (up) | claims payments | |
Safeco Corp | U.S. | 35,000 | Sept. 20 | losses, net of reinsurance | ||
SCOR Group | France | 150,000 | 200,000 | Sept. 12 | losses (source: BBC News) | |
Scottish Annuity & Life Holdings | Bermuda | 630 | Nov. 7 | pretax losses; after-tax $416,000 | ||
SCPIE Holdings | U.S. | 5,000 | Sept. 27 | pretax exposure (source: Reuters) | ||
St. Paul Cos. Inc. | U.S. | 866,000 | Sept. 19 | Oct. 23 (up) | pretax losses; $2.2B gross loss | |
StanCorp Financial Group Inc. | U.S. | 5,000 | Sept. 17 | Nov. 13 (down)* | pretax losses | |
SVB Holdings PLC | U.K. | 42,000 | Sept. 23 | Nov. 27 (up)* | in claims (source: Telegraph) | |
Swiss RE | Switzerland | 1,258,341 | Sept. 12 | Sept. 20 (up) | after-tax net loss (source: CNNfn) | |
Taisei Fire & Marine Ins. Co. | Japan | 603,800 | Nov. 22 | Reinsurance claims payments (source: Reuters) | ||
Tokio Marine & Fire Insurance Co. Ltd. | Japan | 65,028 | Sept. 13 | Oct. 24 (up) | claims payments (source: Reuters) | |
Torchmark Corp. | U.S. | 1,000 | Oct. 23 | life insurance claims | ||
Transatlantic Holdings Inc. | U.S. | 130,000 | Sept. 17 | Nov. 14 (up)* | after-tax net loss; $200M pretax | |
Trenwick Group Ltd. | U.K. | 100,000 | Sept. 14 | Oct. 4 (up) | net pretax losses; gross loss $404M | |
UnumProvident Corp. | U.S. | 15,600 | Sept. 14 | Nov. 6 (up)* | after-tax net of reins; gross loss $71M | |
W.R. Berkley Corp. | U.S. | 35,000 | Sept. 14 | Oct. 25 (up) | pretax losses; $23M after-tax | |
Wellington Underwriting PLC | U.K. | 73,600 | Sept. 14 | Oct. 4 (up) | net pretax losses | |
XL Capital | Bermuda | 750,000 | Sept. 13 | Oct. 23 (up) | pretax claims; gross loss $1.8B | |
Yasuda Fire & Marine Ins. Co. Ltd. | Japan | 17,000 | Sept. 17 | claims payments | ||
Zenith National Insurance Corp. | U.S. | 35,500 | Sept. 14 | Oct. 18 (up) | pretax losses; $20.1M after-tax | |
Zurich Financial Services | Switzerland | 700,000 | 900,000 | Sept. 13 | Oct. 8 (up) | pretax losses, net of reinsurance |
*Previous estimates: Lloyds of London $1,900M; New York Life $50M-$75M; Philadelphia Consolidated $1.5M-$2M; RenaissanceRe $50M; StanCorp Financial $6M; SVB Holdings $29.2M; TransAtlantic $100M. Previously reporting pretax losses: Fairfax Financial $100M-$125M; OneBeacon $175M; UnumProvident $20M. Previously reporting gross losses (incorrectly shown in previous tables as net): Brit Insurance $261.8M. Previously reporting claims payments: Lincoln National $50M. Estimate for Munich RE previously shown incorrectly as $2,100M.
**Source is company release unless noted.
Compiled by Thomson Financial Insurance Solutions analysts.
For further information contact them at 877-299-9424 or http://us.tfinsurance.com