The transaction included two insurance companies containing thepersonal lines business, and in relation to the reciprocalinsurance exchanges which write business in New York and NewJersey.
|Based on an estimated closing balance sheet, OneBeacon receivedapproximately $167 million, which represents the estimatedstatutory surplus of the reciprocal insurance exchanges, the GAAPequity in the insurance companies and attorneys-in-fact, plus $32.5million.
|The company expects to disclose the estimated net gain on thesale when it issues its second quarter results on July 30.
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