WCRB 2020 Annual Report 2020 PRELIMINARY POOL RESULTS 1. Total Pool Gross Premiums Written$70,923,783 2. Net Pool Premiums After Servicing Carrier Allowance, Commissions, Charge-Offs,Transfers of Debt and Deferred Premium Credit$49,472,275 3. Total Paid Losses$41,690,258 4. Total Incurred Losses$29,388,405(Outstanding LossesUnadjusted 2020 - $155,197,768)(Outstanding LossesUnadjusted 2019 - $167,499,621)Ratios: 5. Paid/Written 58.7% 6. Incurred/Written41.4% 7. Paid/Net 84.2% 8. Incurred/Net 59.4% FINAL REDETERMINATION OF THE POOL FUND BALANCE AS OF 12-31-19Net Assets$365,503,193 Less Unearned Premium Reserve at 12-31-19$32,838,317 Adjusted Value of Net Assets 12-31-19 $332,664,876Outstanding Losses Reported byServicing Carriers at 12-31-19$167,499,621 Actuarial Adjustment $118,924,731Target Fund Value $286,424,353Net Assets Surplus, 12-31-19$46,240,523 37'