Financial Data for
Hermitage Insurance Company

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FEIN 13-3295477
NAIC# 18376
A.M. Best Rating * A-
State of Domicile New York , USA
Location of Main
Admin. Offices		 New York, New York, USA
Incorporation Date 5/3/1984
Parent HIG, Inc.
Website http://www.twrgrp.com

YEAR201220112010200920082007
Total Admitted Assets350,378,255355,412,667326,932,647276,280,791182,586,392174,798,250
Total Liabilities245,370,864246,307,704222,903,206180,204,697105,661,34697,927,640
Capital & Surplus105,007,391109,104,963104,029,44196,076,09476,925,04676,870,610
Premiums and Agent's Balances20,710,59027,060,05624,397,34319,054,7128,505,2558,695,559
Losses100,636,66896,449,59290,587,55573,107,30152,688,29439,394,040
Loss Adjustment Expenses15,075,2919,735,10014,223,49517,024,93115,167,67412,700,485
Underwriting Gain/Loss(17,689,399)(6,606,287)(175,181)1,001,156452,01224,030,569
Net Income (Loss) After Tax(1,492,731)4,785,71310,669,7816,884,0582,974,61830,876,193
Cash Flow From Operations4,856,8344,328,932133,023,595(15,713,052)13,120,91825,978,893
Unrealized Capital Gains (Losses)2,038,991(565,197)1,003,3685,731,632(961,435)2,271,910
Gross Premium237,086,763201,518,591179,252,415218,588,12876,475,55269,530,571
Net Premium135,330,872128,100,870106,355,663114,107,83766,150,38958,752,639
Gross Premium to Surplus Ratio225.8% 184.7% 172.3% 227.5% 99.4% 90.5%
Net Premium to Surplus Ratio128.9% 117.4% 102.2% 118.8% 86.0% 76.4%
Direct Premium - National101,755,89273,428,58072,870,36675,000,16076,530,46865,642,779
Direct Premium - Florida (Sch. T)12,481,9857,450,3684,412,1027,239,67813,144,68217,417,494
% of Direct Premium in Florida12.3% 10.1% 6.1% 9.7% 17.2% 26.5%
Rank Among all eligible InsurersN/AN/AN/A735848
Combined Ratio113.0% 106.0% 100.0% 99.0% 99.0% 52.0%
Losses Incurred Ratio 58.0% 61.0% 52.0% 51.0% 42.0% 19.0%
Loss Expenses Incurred Ratio17.0% 9.0% 10.0% 12.0% 13.0% -13.0%
Other U/W Expenses Incurred Ratio38.0% 36.0% 38.0% 36.0% 44.0% 46.0%




(13-3295477)
Quarterly Financial Data (2012) for
Hermitage Insurance Company

QUARTER2012-Q12012-Q22012-Q3
Total Admitted Assets355,203,456353,972,862366,092,140
Total Liabilities243,624,562241,946,987254,819,368
Capital & Surplus111,578,894112,025,875111,272,772
Premiums and Agent's Balances27,947,63121,659,05322,333,894
Losses97,172,946100,953,98599,410,093
Loss Adjustment Expenses9,526,46113,055,11414,697,343
Underwriting Gain/Loss(2,118,255)(5,944,984)(7,570,068)
Net Income (Loss) After Tax2,290,3621,494,3712,067,476
Cash Flow From Operations(1,017,267)3,787,75610,408,356
Unrealized Capital Gains (Losses)589,5091,582,5032,216,386
Gross Premium51,428,480107,309,000162,410,994
Net Premium33,132,93969,421,122102,268,919
Direct Premium - National16,726,28040,118,77766,228,255
Direct Premium - Florida (Sch. T)2,500,0365,887,4799,562,860

Major Lines of Business in US (2011)
1 Commercial Multiple Peril (Non-Liability)
2 Commercial Multiple Peril (Liability)
3 Other Liability - Occurrence
4 Products Liability
5 Fire
Major Lines of Business in FL (2011)
1 Other Liability - Occurrence
2 Commercial Multiple Peril (Liability)
3 Products Liability
4 Commercial Multiple Peril (Non-Liability)
5 Fire

*A.M. Best Ratings are current as of 5/20/2013

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