Dorinco Reinsurance Company
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Dorinco Reinsurance Company
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Statement of Assets and Liabilities Premiums / Lines of Business / Invested Assets Who to Contact for more Information
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Annual Message―Year End 2007 Dorinco's financial position remains very strong. Dorinco's admitted assets increased to $1.94 billion in 2007, up from $1.91 billion in 2006. Surplus increased by $23.8 million to $589.3 million, an increase of 4.2%. Cash and invested assets increased by $19 million or 1.2% versus 2006. Overall, the company's total return on invested assets for 2007 was 12.7% compared to 7.1% in 2006. Dorinco produced net income of $114.8 million for the year. Earned premiums in 2007 were $120.9 million down from $279.8 million the previous year. The Company has solidified its position as a niche market for assumed reinsurance specializing in less volatile and predictable lines of business. Dorinco will continue to have a stable market presence, expanding in its niche markets, offering easy access, efficient service and creative products. Regional U.S. insurance companies continue to be the targeted clients.
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