Changes In Unpaid Net Loss Reserves Related To Deferred Gain, Amortization On Retroactive Reinsurance At Inception

Breakdown

Segment	FY'21	FY'22	FY'23	FY'24	FY'25
U.S. Workers' Compensation (before discount)	$60M	$52M	$52M	$42M	$38M
U.S. Excess Casualty	$46M	$40M	$39M	$32M	$30M
U.S. Other Casualty	—	$38M	$37M	$31M	$28M
U.S. Financial Lines	$31M	$27M	$26M	$23M	$20M
Other product lines	$0	$0	$0	$0	$7M
U.S. Personal Insurance	$2M	$1M	$1M	$1M	$1M
U.S. Property and Special Risks	—	$9M	$9M	$7M	$0
UK/Europe Casualty and Financial lines	—	$0	$0	$0	$0
UK/Europe Property and Special Risks	—	$0	$0	$0	$0
UK/Europe and Japan Personal Insurance	—	$0	$0	$0	$0
Businesses in run-off	—	—	—	$0	$0
Total	$193M	$167M	$164M	$136M	$124M

All segment values are derived from annual filings.

U.S. Workers' Compensation (before discount)View metric

U.S. Excess CasualtyView metric

U.S. Other CasualtyView metric

U.S. Financial LinesView metric

U.S. Property and Special RisksView metric

U.S. Personal InsuranceView metric

UK/Europe Casualty and Financial linesView metric

UK/Europe Property and Special RisksView metric

UK/Europe and Japan Personal InsuranceView metric

Other product linesView metric

Subtotal, adjusted pre-tax basisView metric

Businesses in run-offView metric