reassume

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PVP and the additional future earnings from the reassumption of previously ceded books of business, increased adjusted book value, which includes the estimated future earnings on the Company's in-force book of business.
The payments from reinsurers represent amounts paid to National over and above the return of unearned premium and loss reserves upon the commutation of these reinsurance agreements and the reassumption of the underlying exposure.
Excluding the FGIC reinsurance transaction, MBIA's insured portfolio decreased by $73 billion during 2008 through maturities, amortization and refundings of insured exposure, partially offset by the reassumption of previously ceded exposure from five reinsurers.
We intend to achieve this strategy by reducing our portfolio through reassumption by the primaries and retrocession of high capital consumptive business as well as by reducing the ongoing growth of our portfolio.
7%, due primarily to the reassumption of a block of health care business in 2005.
In 2004, net realized gains were primarily the result of the sale of a common stock investment that the Company purchased in 2002 and gains resulting from the reassumption of portfolios from AXA Re and Converium, which were accounted for as deposits as a result of the restatements.
4 million reported in 2004, due to lower earned premiums as a result of contracts non-renewed in 2004 and the reassumption by Financial Security Assurance Inc.
The present value of new business development, as well as the additional future earnings from the reassumptions of previously ceded books of business in the first quarter 2012, increased adjusted book value, which includes the estimated future earnings on the Company's in-force book of business.
The increases in net premiums written were due principally to reinsurance cancellations and reassumptions.