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The following table shows information regarding our reserve for losses and PDR as of the dates indicated: 

<img src='content_image/183602.jpg'>

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(1) Primarily represents ceded losses on captive transactions and Smart Home. 

(2) Does not include second-lien premium deficiency reserve. 

Our mortgage insurance total loss reserve as a percentage of our mortgage insurance total RIF was 8.5% at December 31, 2012, compared to 9.8% at December 31, 2011 and 10.2% at December 31, 2010. 

The following table reconciles our mortgage insurance segment’ s beginning and ending reserves for losses and LAE for the years indicated: 

<img src='content_image/183603.jpg'>

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(1) Primarily related to ceded losses on captive reinsurance transactions and Smart Home. 

