Actual Value

Actual Value. The value of each Actual Unit determined by multiplying the Initial Value by the sum of (i) 100% and (ii) the aggregate after-tax Underwriting Return on Capital (UROC) of the Company and its subsidiaries over the Award Period, as determined in good faith by the Committee. By way of example, if the standard after tax underwriting return on capital of the Company were to be 13.0% for each year in a three-year Award Period, the aggregate standard after—tax underwriting return on capital of the... Company and its subsidiaries over the Award Period would be 44.3% (i.e., 13.0% compounded annually in each of the three years comprising the Award Period) and the Actual Value of each Actual Unit would be $144 (i.e., $100 × 144%). View More

Actual Value. The method for calculating the Actual Value of each Actual Unit shall be defined within the award agreement.

Actual Value. The Actual Value of each Actual Share shall be the fair market value of a Share as determined in good faith by the Committee, on the date the Award is paid.

Actual Value. The value of each Actual Unit determined by multiplying the Initial Value by the sum of (i) 100% and (ii) the aggregate standard pre-tax insurance return-on-equity of the Company and its subsidiaries over the Award Period, as determined in good faith by the Committee.