19 Method 1: Rate Adequacy Adjustments for Experience & Schedule Rating* PolicyStatusTypeShareLimitDeductible Share-Adjusted Exposure Loss Free As-Priced Benchmark Experience Cr/Db Schedule Cr/Db Charged Premium Policy 1ExpiringPrimary100% $ 1,000,000 $ - $ 400,000 Yes $ 2,538 $ (254) $ 216 $ 2,500 New/RenewPrimary100% $ 1,000,000 $ - $ 440,000 Yes $ 2,931 $ (293) $ 62 $ 2,700 Policy 2ExpiringPrimary100% $ 5,000,000 $ - $ 50,000,000 No $ 34,650 $ 5,198 $ 153 $ 40,000 New/RenewPrimary100% $ 5,000,000 $ - $ 52,000,000 Yes $ 37,838 $ (3,784) $ 10,946 $ 45,000 Policy 3ExpiringExcess100% $ 8,000,000 $ 2,000,000 $ 400,000,000 Yes $ 168,437 $ (8,422) $ (10,015) $ 150,000 New/RenewExcess100% $ 8,000,000 $ 2,000,000 $ 380,000,000 Yes $ 184,818 $ (9,241) $ (55,577) $ 120,000 Policy 4ExpiringExcess100% $ 8,000,000 $ 2,000,000 $ 300,000,000 Yes $ 134,750 $ (6,737) $ (8,012) $ 120,000 New/RenewExcess100% $ 5,000,000 $ 320,000,000 No $ 45,276 $ 11,319 $ (6,595) $ 50,000 Policy 5ExpiringExcess100% $ 3,000,000 $ 2,000,000 $ 300,000,000 Yes $ 98,000 $ (4,900) $ (23,100) $ 70,000 New/Renew Policy 6ExpiringExcess100% $ 5,000,000 $ 300,000,000 Yes $ 36,750 $ (1,838) $ 15,088 $ 50,000 New/RenewExcess100% $ 5,000,000 $ 320,000,000 Yes $ 45,276 $ (2,264) $ 6,988 $ 50,000 Policy 7Expiring $ - New/RenewPrimary100% $ 5,000,000 $ - $ 52,000,000 Yes $ 77,175 $ (7,718) $ 20,543 $ 90,000 Policy 8ExpiringPrimary100% $ 5,000,000 $ - $ 52,000,000 No $ 73,500 $ 11,025 $ 5,475 $ 90,000 New/RenewPrimary50% $ 5,000,000 $ - $ 26,000,000 Yes $ 38,588 $ (3,859) $ 10,271 $ 45,000 TotalExpiring $ 1,402,400,000 $ 548,625 $ (5,928) $ (20,196) $ 522,500 New/Renew $ 1,150,440,000 $ 431,901 $ (15,839) $ (13,362) $ 402,700 Expiring %-1.1%-3.7% Renewing %-3.7%-3.2% Change-2.6%0.5% *Technically should include only to the extent it does not change expected losses.
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