Dorinco Reinsurance Company

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Annual Message―Year End 2009

Dorinco continues to experience strong operating results. In 2009, we had favorable underwriting income and increased operating cash flow. The rebounding of the financial markets has had a positive impact on Dorinco's financial position. Accordingly, Dorinco's admitted assets increased to $1.74 billion in 2009, up from $1.61 billion in 2008. We declared a dividend to our parent, and still our surplus grew by 13.7% to $604.4 million.

Cash and invested assets increased by $152 million or 11.3% versus 2008. Overall the company's return on invested assets for 2009 was 13.71% compared to -8.0% in 2008. Dorinco produced net income of $47.5 million for the year. Earned premiums in 2009 were $223.4 million, up from $183.5 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 business. Dorinco will continue to have a stable market presence, expanding in these niche markets, offering easy access, efficient service and creative 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.
Last modified: May 25, 2010