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Class Code Pure Premium
POLICY YEAR | PAYROLL (IN HUNDREDS) ($) | IND LIKELY LOSES | IND NOT-LIKELY LOSSES | MEDICAL LIKELY LOSSES ($) | MEDICAL NOT-LIKELY LOSSES ($) | TOTAL LOSSES ($) | TOTAL PURE PREMIUM ($) | ||
---|---|---|---|---|---|---|---|---|---|
# CASES | AMOUNT ($) | # CASES | AMOUNT ($) | ||||||
2017 | 871,984 | 1 | 41,654 | 20 | 585,776 | 8,783 | 308,938 | 945,151 | 1.08 |
2018 | 684,999 | 6 | 1,164,823 | 17 | 116,614 | 503,457 | 139,391 | 1,924,285 | 2.81 |
2019 | 654,886 | 3 | 652,041 | 9 | 242,713 | 422,947 | 138,937 | 1,456,638 | 2.22 |
2020 | 609,583 | 4 | 410,444 | 10 | 188,267 | 272,633 | 185,540 | 1,056,884 | 1.73 |
2021 | 719,372 | 4 | 655,989 | 9 | 374,719 | 196,220 | 235,818 | 1,462,746 | 2.03 |
TOTAL | 3,540,824 | 18 | 2,924,951 | 65 | 1,508,089 | 1,404,040 | 1,008,624 | 6,845,704 | 1.93 |
INDEMNITY | MEDICAL | TOTAL PURE PREMIUM ($) | |||
---|---|---|---|---|---|
CRED. (%) | PURE PREM. ($) | CRED. (%) | PURE PREM. ($) | ||
INDICATED PURE PREMIUM | 36 | 1.252 | 47 | 0.681 | 1.93 |
PURE PREMIUM UNDERLYING PRESENT RATE | 64 | 0.979 | 53 | 0.533 | 1.51 |
PURE PREMIUM DERIVED BY FORMULA | 1.077 | 0.603 | 1.68 |