Combined Ratio definition

Combined Ratio means the sum of the loss ratio and the expense ratio. The combined ratio measures the proportion of the Company’s total cost to its premium earned and is used to assess the profitability of the Company’s insurance underwriting activities.

Combined Ratio of an insurer for any period means the sum of the loss ratio and the expense ratio of the insurer for such period.

Combined Ratio means the sum of the loss ratio and the expense ratio. The combined ratio provides a measure of the Company’s ability to generate profits from its insurance underwriting activities.

Examples of Combined Ratio in a sentence

• For example, if the Combined Ratio percentage is ninety-nine-point five percent (99.5%) (within Corridor A), no corridor adjustments are applied and MCOs retain their individual profits or losses.

• All MCOs shall be subject to the same risk corridors (“Band Labels” in the table above) based on the Combined Ratio.

• However, if the Combined Ratio were ninety-six percent (96%) (within Corridor B+), an individual MCO’s profits greater than three-point two percent (3.2%) will be allocated fifty percent (50%) to the MCO and fifty percent (50%) to State and Federal governments (per table above).

• However, if the Combined Ratio were ninety-six percent (96%) (within Corridor B+), an individual MCO’s profits greater than three-point two percent (3.2%) will be allocated seventy-five percent (75%) to the MCO and twenty-five percent (25%) to State and Federal governments (per table above).

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More Definitions of Combined Ratio

Combined Ratio means the ratio (expressed as a percentage) of the sum of total amount of expenses inclusive of deferred policy acquisition costs and the total amount of losses (recoveries) on claims to premiums earned for a specified period. The combined ratio measures the proportion of the Company’s total cost to its premiums earned and is used to assess the profitability of the Company’s insurance underwriting activities.

Combined Ratio for each Underwriting Year means (i) the sum of Incurred Loss and Incurred Acquisition Expenses, less Net Retrocession Recoveries, for such Underwriting Year from the beginning of such Underwriting Year through the Calculation Date divided by (ii) Net Earned Premium for such Underwriting Year from the beginning of such Underwriting Year through the Calculation Date. [***]: CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION. C-1

Combined Ratio means, with respect to the Company, the sum of the loss ratio (losses and loss adjustment expenses incurred as a percent of net earned premiums) plus the expense ratio (underwriting and other expenses as a percent of net earned premiums), calculated on a GAAP basis, as reported in the Company’s filings with the Securities and Exchange Commission.

Combined Ratio of any entity shall mean, for any given period, all Title Insurance-Related Expenses divided by all Title Insurance-Related Gross Operating Revenues, expressed as a percentage; provided, however, that the Corporation's Combined Ratio also shall be net of any transaction-related or reorganization expenses incurred within twelve (12) months of the closing of the transactions contemplated by the Agreement.

Combined Ratio means the sum of the Claims Ratio plus the Expense Ratio.

Combined Ratio means the ratio of Expense Total to Eligible Earned Premium.

Combined Ratio means, for any year, the sum of the Loss Ratio and the Expense Ratio for such year, expressed as a percentage. “Loss Ratio” shall mean, for any year, the ratio, expressed as a percentage, of the Company’s direct losses incurred from primary NIW written that year, excluding losses associated with incurred but not reported defaults, to its direct premiums earned from primary NIW written that year, in each case as computed in accordance with Past Practices. “Expense Ratio” shall mean, for any year, the ratio, expressed as a percentage, of the net underwriting and other expenses of the Company’s combined insurance operations that year to its net premiums written that year, in each case as computed in accordance with Past Practices. As used herein, “Past Practices” shall mean the manner in which the applicable item was calculated by the Company prior to the date of this Agreement. The foregoing notwithstanding, if after “Goal” in the Base Instrument “Applicable” appears, then the Release Date shall not occur earlier than the date on which the Committee (as defined in Paragraph 6) certifies the Combined Ratio in accordance with the regulations under Section 162(m) of the Code. The Committee shall certify the Combined Ratio no later than the March 31st following the close of the year for which the Combined Ratio is certified and the Release Date shall occur reasonably promptly (but in no event more than 15 days) thereafter.