Shareholders’ Funds Development: For companies that have reported as of November 7, 2008, shareholders’ funds fell 16 percent year-to-date. The most drastic decrease occurred in the third quarter, which saw a 10 percent drop.
Changes to Shareholders’ Funds by Region: European carriers have lost more (in percentage terms) than those in Bermuda and the United States, as traditionally higher weightings toward equities drove significant write-downs in the third quarter.
Post-Tax Hurricane Exposures (as of 1H2008): Carrier after-tax hurricane losses, in terms of shareholders’ funds, varied for the first half of 2008. In cases where after-tax exposure is not disclosed, the pre-tax figure is used.