Financial Facts

2006 was an extremely strong year for ICW as the Company improved upon its 30+ year track record of profitability and disciplined growth.

Commercial Property - Net Premiums Written 2003
to Est. 2007 $ in 000's

Commercial Property - Combined Ratio 2003
to Est. 2007

ICW GROUP RESULTS:

• AM Best Rating - A- (Excellent) Financial size category of IX ($250 million to $500 million).
• Combined Ratio - 2006 normalized combined ratio was only 92.1%. We are proud to have met our budget for combined ratio. For 2007, we have budgeted for 90.1%, 6.7% better than the 2007 industry estimate of 96.8%.
• Net Written Premium - Net written premium was organically grown from $245mm in 2005 to $294mm in 2006.
• Operating Ratio - In 2006 we had a record company operating gain of $50mm.
• Surplus - Policyholder surplus was increased to more than $500mm. This represents a substantial increase in the Company's capital base from $189mm in 2002. We have now joined the list of the top 100 largest domestic insurance groups.
• BCAR - After the Wachovia-Westcorp merger, the BCAR has risen to 340, with a catastrophe stressed BCAR of 260.

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In The Spotlight

• As of March 1, 2007, the Insurance Company of the West has begun offering Earthquake and Flood limits along with their very competitive Commercial Property coverage. This coverage is available through appointed agents and brokers.

  Appointed retail agents can access EQ limits up to $1,000,000 for risks within California and $2,000,000 for all other states. Appointed wholesale brokers can obtain EQ limits up to $15,000,000 depending on the risk location.

  The combination of Earthquake/Flood and Commercial Property coverage on the same policy creates a highly valued insurance product in today’s competitive marketplace.