FOR IMMEDIATE RELEASE

NAIC RELEASES PROFITABILITY REPORT
Contains Key Ratios for P&C Industry on Countrywide, State Basis

KANSAS CITY, Mo. (Dec. 29, 2008) - The National Association of Insurance Commissioners (NAIC) today released its Report on Profitability by Line by State in 2007.

The report estimates and allocates profitability in property/casualty insurance by state and by line of insurance. Combined with other information, this can be utilized in further analysis of competition and market performance.

The Report on Profitability By Line By State in 2007 combines by line and by state calendar-year data from certain exhibits of the annual statement to develop estimates of profits on earned premium and the return on net worth by line and by state. The report also shows the various components of estimated profits, including premiums earned; losses incurred; loss adjustment expense; general expenses; selling expenses; state taxes, licenses and fees; dividends to policyholders; changes in premium deficiency reserves; underwriting profits; investment income and federal income taxes. As fluctuations in calendar-year financial results occur, long-term historical averages are also provided.

A hardcopy of the complete Report on Profitability By Line By State in 2007 can be ordered from the NAIC Store (www.naic.org/store_home.htm). An electronic version can be purchased and downloaded in PDF file format from NAIC InsPubs (https://external-apps.naic.org/insPubs/index.jsp).

About the NAIC

Formed in 1871, the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC has three offices: Executive Office, Washington, D.C.; Central Office, Kansas City, Mo.; and Securities Valuation Office, New York City.

The NAIC serves the needs of consumers and the industry, with an overriding objective of supporting state insurance regulators as they protect consumers and maintain the financial stability of the insurance marketplace. For more information, visit www.naic.org.

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