Specialty Underwriters' Alliance, Inc. Reports 2007 Fourth Quarter and Full Ye...(ity and commercial automobilecoverage fo...),Health

Financial Results

Gross written premiums were $43.3 million for the three months ended December 31, 2007, versus $46.0 million in the fourth quarter of 2006. For the year ended December 31, 2007, gross written premiums were $160.4 million versus $153.2 million for the same period in 2006. Earned premiums were $39.5 million for the fourth quarter of 2007 compared to $30.7 million in the fourth quarter of 2006. In 2007, earned premiums were $152.5 million versus $110.9 million in the prior year.

Total expenses for the three months ended December 31, 2007 were $38.8 million, consisting of loss and loss adjustment expenses of $23.9 million, acquisition expenses of $9.2 million and other operating expenses of $5.7 million. Total expenses for the three months ended December 31, 2006 were $29.7 million. Total expenses consisted of loss and loss adjustment expense of $16.0 million, acquisition expenses of $8.3 million and other operating expenses of $5.4 million.

Total expenses for the year ended December 31, 2007 were $149.2 million, consisting of loss and loss adjustment expenses of $90.0 million, acquisition expenses of $36.6 million and other operating expenses of $22.6 million. Total expenses for the year ended December 31, 2006 were $108.6 million. Total expenses consisted of loss and loss adjustment expense of $62.7 million, acquisition expenses of $26.0 million and other operating expenses of $19.9 million.

For the fourth quarter of 2007, net loss and loss adjustment expense ratio was 60.5 percent, an increase of 8.5 percent versus the comparable quarter in 2006. For the year ended December 31, 2007, net loss and loss adjustment expense ratio was 59.0 percent, an increase of 3.5
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