Ultimate Net Loss Ratio definition

Ultimate Net Loss Ratio means the ratio of aggregate Ultimate Net Losses incurred plus aggregate Loss Adjustment Expenses divided by Net Earned Premium as of the date of calculation.
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Ultimate Net Loss Ratio means the ratio of Ultimate Net Losses incurred divided by SNEPI as of the date of calculation.
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Ultimate Net Loss Ratio means the ratio of Ultimate Net Losses incurred divided by Subject Net Earned Premium Income as of the date of calculation.
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Examples of Ultimate Net Loss Ratio in a sentence

  • The provisional Ceding Commission shall be debited/credited, as applicable, to/from the Funds Withheld Account/Profit Sharing Account as Reinsurance Premiums are settled monthly and adjusted as the Ultimate Net Loss Ratio is re-determined quarterly.

  • The Company shall retain net and unreinsured such portion of all Ultimate Net Loss in respect of the first 95.0% (ninety five point zero percent) of Ultimate Net Loss Ratio as shall equal 100% (one hundred percent) less the Cession Percentage and shall retain 100% (one hundred percent) of Ultimate Net Loss in excess of the first 95.0% (ninety five point zero percent) of Ultimate Net Loss Ratio.

  • If the Ultimate Net Loss Ratio exceeds 57% (fifty seven percent), the Ceding Commission shall be reduced .9% (point nine percent) and any portion thereof for each 1% (one percent) and any portion thereof that the Ultimate Net Loss Ratio exceeds 57% (fifty five percent), subject to a minimum Ceding Commission of 29.2% (twenty nine point two percent) at a 68.0% (sixty eight point zero percent) or higher Ultimate Net Loss Ratio.

  • If the Ultimate Net Loss Ratio exceeds 57.0% (fifty seven point zero percent), the Ceding Commission shall be reduced .9% (point nine percent) and any portion thereof for each 1% (one percent) and any portion thereof that the Ultimate Net Loss Ratio exceeds 57.0% (fifty seven point zero percent), subject to a minimum Ceding Commission of 29.2% (twenty nine point two percent) at a 68.0% (sixty eight point zero percent) or higher Ultimate Net Loss Ratio.

  • RETENTION The Company shall retain net and unreinsured the result of 100% (one hundred percent) minus the Coverage Cession Percentage of all Ultimate Net Loss in respect of the first 95.0% (ninety five point zero percent) of Ultimate Net Loss Ratio and 100% (one hundred percent) of Ultimate Net Loss in excess of the first 95.0% (ninety five point zero percent) of Ultimate Net Loss Ratio.

  • The provisional Ceding Commission shall be debited or credited, as applicable, to the Funds Withheld Account/Profit Sharing Account as Reinsurance Premiums are settled monthly and adjusted as the Ultimate Net Loss Ratio is re-determined quarterly.

  • Such actual amount shall be paid in cash by the Company to the Reinsurer within 60 (sixty) days of the respective calendar quarter end to reduce the Ceding Commission that otherwise would have been due at the respective Ultimate Net Loss Ratio as per the Ceding Commission table.

  • The provisional Ceding Commission shall be credited to or debited from the Funds Held Account, as applicable, as Reinsurance Premiums are credited to or debited from the Funds Held Account and adjusted as the Ultimate Net Loss Ratio is re-determined quarterly.

  • The Ultimate Net Loss Ratio shall include incurred but not reported and shall be consistent with the Ultimate Net Loss Ratios reported by the Company in its annual statement filings with its state of domicile regulator.

  • Ceding Commission shall be debited/credited, as applicable, to/from the Notional Profit Account as Reinsurance Premiums are credited to the Notional Profit Account monthly and as the Ultimate Net Loss Ratio is re-determined quarterly.


More Definitions of Ultimate Net Loss Ratio

Ultimate Net Loss Ratio means" shall mean the ratio of Ultimate Net Losses incurred divided by Net Earned Premium as of the date of calculation.
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Related to Ultimate Net Loss Ratio

  • Ultimate Net Loss as used herein is defined as the sum or sums (including loss in excess of policy limits, extra contractual obligations and loss adjustment expense, as hereinafter defined) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or reinsurance, whether collectible or not. Nothing herein shall be construed to mean that losses under this Contract are not recoverable until the Company's ultimate net loss has been ascertained.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Loss Horizon Ratio means, for any Calculation Period, the quotient, expressed as a percentage, of (a) the aggregate initial Unpaid Balance of Eligible Receivables which arose during the four most recent Calculation Periods, divided by (b) the Net Pool Balance as of the most recent Month End Date.

  • Consolidated Net Loss for any fiscal period, means the amount which, in conformity with GAAP, would be set forth opposite the caption "net income" (or any like caption), as the case may be, on a consolidated statement of earnings of the Borrower and its Subsidiaries, if any, for such fiscal period.

  • Cash Flow Ratio means, as at any date, the ratio of (a) the sum of the aggregate outstanding principal amount of all Indebtedness of the Company and the Restricted Subsidiaries determined on a consolidated basis, but excluding all Interest Swap Obligations entered into by the Company or any Restricted Subsidiary and one of the Banks outstanding on such date, plus (but without duplication of Indebtedness supported by letters of credit) the aggregate undrawn face amount of all letters of credit outstanding on such date to (b) Annualized Operating Cash Flow determined as at the last day of the most recent month for which financial information is available.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Fiscal Period means any interim accounting period within a Taxable Year established by the Manager and which is permitted or required by Section 706 of the Code.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Shared-Loss Quarter has the meaning provided in Section 2.1(a)(i) of this Commercial Shared-Loss Agreement.

  • Allocation Ratio With respect to any Series, as defined in the related Supplement.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Net Loss Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Event of Loss, including, without limitation, insurance proceeds, condemnation awards or damages awarded by any judgment, net of: