increases 12.8% q-o-q.

Gross loss reserves ex-pool, second lien and other (i.e. gross reserves attributable to primary), increases only 7.9%.

incredible. these guys might as well just eliminate their reserves altogether and just report things on a cash basis. Their reserving is so far removed from reality as to be useless.

I wonder what the year end numbers will look like, given that those actual need to be audited?