The following table presents the summarized consolidated results of operations of the Group for the
year ended 31 December 2002 and the prior year.
1 This includes the gross written premiums of the Farmers P&C Group, which we do not own, but to which we provide management services, totaling USD 13,527 million in 2002 and USD 12,762 million in 2001. Internal reinsurance written by Farmers Re and other Group companies has been eliminated to avoid “double counting”. In accordance with the Group’s accounting policies, life investment deposits collected from policyholders are not shown as premiums.
