Dorinco Reinsurance Company
|
Dorinco Reinsurance Company
|
|
Statement of Assets and Liabilities Premiums / Lines of Business / Invested Assets Who to Contact for more Information
|
Annual Message―Year End 2010 Dorinco continues to experience strong operating results. In 2010, we had favorable underwriting income. The sustained improvement of the financial markets has allowed Dorinco to maintain our strong financial position. Our admitted assets reduced slightly from $1.74 billion in 2009 to $1.63 billion at year end 2010. We declared dividends in the amount of $125 million and yet surplus increased by $5 million from $604 million to $609 million. Cash and invested assets were down approximately 7% versus 2009. Overall the company's return on invested assets for 2010 was 9.5% compared to 13.7% in 2009. Dorinco produced net income of $112 million for the year. Earned premium in 2010 were $216 million, down slightly from $223.4 million the previous year. The company has solidified its position as a niche market for assumed reinsurance, specializing in less volatile and more predictable lines of insurance. Dorinco will continue to have a stable market presence, expanding into these niche markets, offering easy access, efficient service and creative insurance products. Targeted clients continue to be regional U.S. insurance companies.
|
Send mail to DorincoRe@dow.com with
questions or comments about this web site.
|
