Contents: This report furnishes the required Year to Date (YTD) claim financials for direct business to be used in preparation of the Annual Statement Line report. For current year to date, by Loss Year, Annual Statement Line and state, the loss and expense statistics and various claim counts (occurrence counts) for the year are represented in this report. Information includes:
Column 1
Years in which Loss Occurred: Loss Year (Date of Loss Year / Year in which Loss occurred) Report Current year and each prior year dating back to 1999 as separate line totals and group any earlier years under the
Annual Statement Line – All coverages are assigned Major Perils and the Major Perils are grouped into Annual Statement Lines (ASL).
State: State where Policy was written.
Columns 2 through 11:
Loss Payments: Year to Date (YTD) Losses Paid. This Includes voids / offsets and credit to loss over payments and their voids / offsets.
DCC Expense Payments: Year to Date (YTD). This includes voids / offsets and credit to expense over payments and their voids / offsets.
AO Expense Payment: Year to Date (YTD). This includes voids / offsets and credit to expense over payments and their voids / offsets.
Salvage and Subro Received: Year to Date (YTD). Salvage and Subrogation Received total. This includes voids / offsets.
Salvage and Subro Anticipated: Combined total of Open (Outstanding) Anticipated Salvage and Subrogation Reserves (as of the selected EOM / EOY).
Total O / S DCC Expenses Unpaid: Current outstanding DCC Expense Reserve (as of selected EOM / EOY).
Total O / S AO Expenses Unpaid: Current outstanding AO Expense Reserve (as of selected EOM/EOY).
Total O / S All Expense Unpaid: Current outstanding Loss Reserves (as of selected EOM / EOY).
Total O / S Losses Unpaid: Current outstanding Loss Reserves (as of selected EOM).
Cumulative Losses and DCC / AO Paid: This is “Total Net Paid on the Schedule P." (Column #2 – Column 5 + Column 3 + Column 4 )
Number of Claims Reported: Number of claims reported for the selected Year to Date (YTD) period. (Claim occurrence counts)
Number of Claims Open: Number of claims Open (Outstanding) as of the selected EOM / EOY.(Note: It is possible that a claim that was closed in a prior year would be reopened in the current year and be included in the current year “Open Claim" counts.) Claim counts are occurrence counts.
Number of Claims Closed w/o Pay: Number of claims closed without loss payment. (Note: If the claim was closed, reopened and paid and then closed again, it would count as a “closed with payment." It is possible that in one year it could have counted as a “Closed without Payment” and in the following year would be reopened as an open claim and be paid and closed again (and be recounted, but as a closed with payment for the current year.) Claim Counts are Occurrence Counts.
Number of Claims Closed With Payment: Number of claims closed with loss payment. (Note: If the claim was closed, reopened and paid and then closed again, it would count as a “Closed with Payment." It is possible that in one year it could have counted as a “Closed without Payment” and in the following year would be reopened as an open claim and be paid and closed again (and be recounted, but as a closed with payment for the current year.) Claim Counts are Occurrence Counts.
Who Uses Report: This report is used by the Financial Department to prepare direct and assumed claim statistics for the Annual Statement Line report for Schedule P.
When to Run Report: After End of Period Processing (End of Year) has completed.
Input Parameters:
As of: Ending Date: MM/DD/YYYY. The report will always pull YTD statistics.
Company: Single (With an option for "All)
State: Single (With an option for "All)
Line of Business: Single (With an option for "All)
Annual Statement Line: Single (With an option for "All)