Synergy Insurance Company Financial Highlights

September 7, 2016

Synergy Insurance Company surplus grew by 16% during the first half of 2016 due to positive current accident year trends and favorable claim closures in prior accident years.

Statutory surplus grew to $19.9 million from $17.1 million at year end 2016 while total assets grew to $62.6 million.

The favorable prior year reserve trends reduced the company's YTD loss and loss adjustment expense ratio to 25.2% and the combined ratio to 52.6%. After premiums are ceded to reinsurers, the Company maintains a conservative 1:1 ratio of net premiums to surplus.

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