Casualty Actuarial Society

Research

98 MA PP Auto - Bodily Injury Liability - Cash Flow Distribution

1998 MASSACHUSETTS PRIVATE PASSENGER AUTOMOBILE
BODILY INJURY LIABILITY
CASH FLOW DISTRIBUTIONS
 
               
QTR. 1994 1993 1992 1991 1990 1989 1988
1 6,784,935 5,740,114 5,598,854 3,719,245 3,504,944 2,513,858 2,464,802
2 35,999,786 32,949,781 28,955,513 21,926,267 19,813,498 14,048,966 14,044,808
3 68,429,788 62,217,022 58,692,074 47,320,950 38,825,213 31,150,356 28,194,091
4 105,812,916 91,196,146 84,379,441 82,376,174 67,323,930 52,349,099 53,163,602
5 126,372,789 113,779,898 104,474,193 100,911,813 85,285,410 72,442,977 67,727,145
6 113,723,143 116,962,443 105,344,226 102,640,122 94,813,671 81,300,873 77,681,561
7 86,026,088 98,633,411 92,668,256 90,739,252 84,352,306 74,054,274 72,467,342
8 76,402,978 82,679,695 76,388,263 78,769,522 81,637,283 76,182,750 72,537,053
9 0 60,621,039 59,594,114 58,844,150 59,674,914 64,096,441 57,512,148
10 0 50,121,813 50,114,186 52,629,259 51,060,001 59,618,926 54,187,409
11 0 35,712,489 38,153,885 36,985,258 42,028,617 42,896,173 44,533,785
12 0 33,615,406 34,773,637 33,268,950 34,802,195 42,856,614 43,326,562
13 0 0 27,319,804 27,695,859 28,612,505 29,311,503 33,895,753
14 0 0 25,356,978 27,733,479 25,244,980 27,288,241 32,306,508
15 0 0 18,981,377 18,783,477 19,623,593 23,928,614 24,140,915
16 0 0 18,596,156 17,597,579 18,568,457 18,539,848 26,353,790
17 0 0 0 13,160,008 12,633,209 14,382,696 14,445,104
18 0 0 0 11,877,469 13,186,226 12,354,349 14,297,649
19 0 0 0 8,255,942 8,505,278 11,353,243 10,797,667
20 0 0 0 8,524,938 8,822,530 9,318,529 9,450,013
21 0 0 0 0 5,850,550 6,391,661 6,957,811
22 0 0 0 0 4,699,885 6,023,669 5,822,682
23 0 0 0 0 3,207,534 3,588,177 5,018,205
24 0 0 0 0 2,603,290 3,818,559 3,568,745
25 0 0 0 0 0 2,248,232 2,569,112
26 0 0 0 0 0 1,277,361 2,350,242
27 0 0 0 0 0 1,702,903 1,320,546
28 0 0 0 0 0 990,199 1,159,424
29 0 0 0 0 0 0 789,004
30 0 0 0 0 0 0 559,900
31 0 0 0 0 0 0 611,322
32 0 0 0 0 0 0 429,712
33 0 0 0 0 0 0 0
34 0 0 0 0 0 0 0
35 0 0 0 0 0 0 0
36 0 0 0 0 0 0 0
37 0 0 0 0 0 0 0
38 0 0 0 0 0 0 0
39 0 0 0 0 0 0 0
40 0 0 0 0 0 0 0
TOTAL 619,552,423 784,229,257 829,390,957 843,759,713 814,680,019 786,029,091 784,684,412
ULTIMATE1 981,595,481 953,742,234 902,978,377 872,170,746 825,518,839 791,221,566 790,750,969
               
QTR. 1987 1986 1985 1984 1983 1982 1981
1 1,606,198 1,480,747 1,411,729 1,150,399 1,377,484 1,036,117 1,172,671
2 9,165,114 9,417,352 8,809,201 7,979,033 7,342,631 7,081,345 6,187,707
3 25,041,547 19,491,291 17,336,771 15,645,332 14,270,587 12,649,706 12,506,000
4 38,953,998 33,014,796 30,196,242 27,023,250 23,683,872 21,481,005 19,881,424
5 52,618,296 42,205,165 41,265,972 35,127,357 30,402,359 27,900,677 27,027,876
6 57,942,789 49,088,439 42,677,146 39,588,688 33,243,231 29,909,306 26,851,058
7 53,893,535 47,049,838 39,912,487 34,631,315 29,783,423 27,728,256 22,781,242
8 54,879,748 45,287,144 37,959,355 37,037,095 31,953,279 25,409,204 22,373,443
9 47,260,746 40,717,023 34,355,121 28,847,504 24,920,238 20,775,673 20,826,762
10 45,269,343 39,505,488 31,472,430 28,646,030 23,339,491 19,300,789 19,015,313
11 37,597,957 30,053,330 27,050,340 23,183,574 17,913,448 14,523,226 13,342,443
12 35,204,102 31,349,753 23,388,514 20,653,108 18,964,284 14,286,461 12,544,775
13 31,133,485 27,921,154 24,233,452 17,465,090 14,752,530 13,985,744 12,074,040
14 29,803,509 24,547,484 21,357,510 18,405,740 15,415,938 11,558,834 10,617,165
15 23,155,023 18,466,991 16,594,118 16,528,341 11,268,030 7,750,031 7,501,182
16 22,561,853 18,268,012 15,497,556 15,067,359 11,385,391 10,359,950 8,637,212
17 17,268,081 15,400,995 13,638,986 12,644,331 8,339,894 7,661,965 5,565,004
18 15,623,884 16,282,396 13,173,589 12,634,666 8,171,981 8,217,553 4,657,396
19 11,331,002 12,717,605 7,963,329 8,931,973 7,158,466 5,417,672 4,184,340
20 9,500,109 11,279,609 9,843,305 6,627,052 7,588,305 5,032,383 5,866,951
21 8,696,054 8,979,101 8,250,285 6,209,871 6,524,146 4,832,961 4,276,037
22 5,469,987 6,721,220 6,224,781 7,208,166 6,668,484 5,857,812 3,994,932
23 4,001,974 4,962,983 6,037,166 6,232,010 4,660,885 3,788,725 3,305,401
24 3,218,380 4,801,624 4,879,588 4,665,505 5,593,381 3,797,672 3,136,775
25 2,199,465 2,454,752 3,363,122 3,988,552 3,447,609 2,768,245 2,589,446
26 2,018,366 1,282,370 3,351,799 3,267,141 3,512,875 2,855,862 2,814,910
27 1,622,608 1,600,370 1,633,111 2,696,751 2,252,349 2,019,522 1,952,872
28 1,230,492 1,395,284 2,187,044 2,872,439 2,354,462 2,449,822 1,931,722
29 1,175,520 1,175,708 5,033,571 1,977,019 1,958,026 1,377,074 1,288,782
30 711,506 1,399,405 1,015,701 2,340,303 1,489,359 700,289 1,414,745
31 428,993 582,185 856,354 824,413 1,228,625 715,768 935,355
32 419,235 1,098,470 763,214 789,995 775,892 378,222 1,549,083
33 303,322 186,832 802,834 1,012,987 1,107,450 716,512 442,821
34 238,353 566,747 427,647 1,268,386 1,231,738 1,742,705 399,768
35 505,330 219,482 642,815 458,555 331,276 258,687 326,808
36 99,650 288,685 414,957 802,536 400,689 421,307 265,554
37 0 146,353 2,759,077 277,442 414,849 357,594 118,019
38 0 15,047 80,874 207,577 329,757 1,470,009 240,195
39 0 60,958 183,555 338,779 123,750 229,926 227,361
40 0 180,085 -14,697 208,877 14,946 332,827 205,419
TOTAL 652,149,554 571,662,273 507,029,951 455,464,541 385,695,410 329,137,438 295,030,009
ULTIMATE1 654,065,826 571,662,273 507,029,951 455,464,541 385,695,410 329,137,438 295,030,009
               
NOTE: LOSSES ARE TOTAL INDUSTRY FOR ALL YEARS EXCEPT: ACCIDENT YEARS 1985, 1986 & 1987 AND 20TH QTR OF 1984 EXCLUDE TRAVELERS BECAUSE OF DATA REPORTING PROBLEMS; QTRS 1-4 FOR 1986 AND QTRS 5-8 FOR 1985 ARE MISSING TRAVELERS INDEMNITY DATA PRIVATE PASSENGER ONLY.
(1) ULTIMATE = (ESTIMATED REPORTED LOSSES AT 5TH REPORT)X(0.9948) FOR ACCIDENT YEARS 1992-1994, (ACTUAL REPORTED LOSSES) x 0.9948 FOR ACCIDENT YEARS 1991 AND PRIOR; ALL ESTIMATES OF ULTIMATES ARE CONSTRAINED TO BE NO LESS THAN THE SUM OF ALL PAYMENTS FOR EACH ACCIDENT YEAR.
SOURCE: PRIOR FILINGS AND DATABASE REFERENCE M04.

Related Updates

More Updates

Become a CERA

Learn How

The CAS Roundtable

Share News of Your Career Advancements in the Actuarial Review

Posted on 05/08/2013
By Elizabeth Smith

Read More