TITLE INSURANCE COMPANIES - ASSOCIATION EDITION
ANNUAL STATEMENT
For the Year Ended December 31, O0Z5 OF THE CONDITION AND AFFAIRS OF THE
51586202520100100
Fidelity National Title Insurance Company
NAIC GflOUp Code D67O
{Current Pefiod)
0670 Employer's ID Plumber 86-0417131
(Prior Period)
Organized under the Laws of FL , State of Domicile or Port of Entry Country of Domicile US
Incorporated/organized
Ocfi›6er 6, 1981
Mamh 29. 1982
Statutory Home Offlce 601 Riverside Avenue
(Street and Number)
Jacksonvil|e, FL, US 32204 (Cry or Town, siate, Country and Zip code)
Plain Administrative Offica
601 Riverside AvenMe
(Slreat and Numbet j
Jacksonville. FL, US 32204
{Ally of Iown, $la1e, aMhlry and Zip uode)
904-854-8100
tArea Cede) (Telephone f'Iumderj
fail Address 601 Riverside Avenue , JacksonYille, FL, US 32204
Primary Locatlon of Books and Records
(otfeef an0 humoer or P.O. BoXj
601 Riverside Avenue
(StTeel and Num0erj
(Girl or Town, Site, Country and Zip Code)
Jacksonville. FL, US 32204 9g4-854-6100
(Griy pr Town, State, Country and zip Coded {Area Gode) (Telephone Number;
Internet Web 5Ite Address www.fnf.cam fstatutory Statement Contact Erik A. Deppe
(Area Gode) ( felepnone NumberJ (Extension)
904-533M052
tE-Mail Address)
Nom,
OFMCERS
Tllle
Michael Joseoh Nolan
Ma#orie Rose Nemzura
Anthony Jofin Patk
COB, Presidefit 8 Chief Executive Officer
VP 6 Corporals Secretary
EVP, Chief Financial Officer & Treesurer
Num,
titie
VICE-PRESIDENTS
Name
Title
Josepfi William Greeiish Raymond Paltiok klarine Gregg Natheniel Sofer # Katherine Gibbs Schmid( fl
President Eastern Ops & Naf'l Agency Oos Co-President Western Operations
E/P 8 Chief Complianoe Officer SVP. GB 6 Chief RegMletory Officer
Doned Allen DuBois Tera Boldt Ven Rooy d Karen Emily Robertson Peter Tadeucz Sadowsi
Co-President Western Operations
EVP & Deputy Cfiief Legal Officer
EVP 6 Division Manager
EVP
DIRECTORS OR TRUSTEES
Anthony John Pay
Roger Sootf Jewbas
Michael Joseph Nolan
Slafe of F-loñda
Counfy of Duval ss
The oTcers of this reporting entity being duly sworn, eaah depose and say thet they are the deseñbed officers of said reporling enti, and that on the reporflng period sleted adoye, all of fhe herein described assets were the abso|ute property of The said teporfing entity, free and c]ear from any liens or claims thereon, except as herein stated, and that this abatement, together with related exhibifs, schedu|es and explanafions therein conlained, annexed or refer+ed to, is e lull and true statement of all fhe assets and liabilitie* and of the condition and aflaifs of fhe said ieporling entity es of fhe reporling penod stafed above, and of its income and deduclions therefrom for the period ended, and have baen compTefed in accordafice witfi lhe NAIC Annual Statement InstnJdons and Accounting Precrces and Procedures manual except to the extent that: (1) state law mey differ; or, (2) that state ru|es or regvletions require differences jn reporting not related to amounling praâces and proced s, ecoo+ding (o (he besf of theit information, knowledge end belief, respectively. Furthemore, the eoope of lhis attestation by tfie described o4icers also includes the Ta|afed coceapondtng electronic Lili th NAIC, yhan r d, thet is a exact copy (except forfomatân lffefen shame fi ing) of fhe enclosed statement. The g|ecfronjc fi|lng may be requesled by yanous regulators in lieu or in ad ion to fhe en sed nt
(Signa re)
Michael Joseph Nolen
(Printed Neme)
L
COB, President & Chief Executive Officer
S b b d nd sworn p (or affirmed) befo 'rfie fhis on this
iOe* n .2026,by
(Title)
gn re)
Maqo ose Nemzura (Primed Name)
2.
VP & Corporate Secretary
( ignature)
Anthony John Pcb
(Printed Name)
EVP, Chief Financial Olfieer & Treasurer
a. Is this an Orignat filing?
c
no 1. State the amendment number Z Date filed
3. Number of pages attached
ASSETSCurrent Year | Prior Year | |||
1 Assets | 2 Nonadmitted Assets | 3 Net Admitted Assets (Cols. 1 - 2) | 4 Net Admitted Assets | |
| . 5. 1. 9.,8. 1. 3.,3. 8. 2. . . . . . 7. 6.,3. 6 3.,5. 2. 9. . . . . 2. 2. 3.,2. 9 0.,4. 2. 8. . . . . . . . 4. 3 3.,4. 6. 3. . . . . . . . 9. 0 2.,1. 8. 3. . . . . . . . . 3 2.,0. 9. 3. . . . . . . . . . . . . . . . . . . . . . 1. 5 9.,5. 6. 0. . . . . 2. 5. 5.,2. 9 0.,6. 3. 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 5. 1.,1. 2 4.,6. 5. 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 5. 7.,0. 4. 2. . . . . . . . 9. 0. 2.,1. 8. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 5. 9.,5. 6. 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.,6. 3. 4.,3. 1. 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . 5. 1. 9.,8. 1. 3.,3. 8. 2. . . . . . 7. 6.,3. 6 3.,5. 2. 9. . . . . 2. 2. 3.,2. 9 0.,4. 2. 8. . . . . . . . . 7 6.,4. 2. 1. . . . . . . . . . . . . . . . . . . . . . . 3 2.,0. 9. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 5. 5.,2. 9 0.,6. 3. 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 4. 8.,4. 9 0.,3. 3. 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . 5. 6. 2.,1. 6. 3.,4. 1. 4. . . . . . 6. 8.,3. 6 1.,1. 7. 9. . . . . 2. 7. 3.,3. 6 4.,9. 8. 0. . . . . . . . 1. 1 3.,8. 1. 6. . . . . . . . . . . . . . . . . . . . . . . 3 6.,6. 1. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 2. 1.,5. 8 2.,2. 2. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 3. 0.,1. 3 3.,4. 4. 0. . . . . . . . . 1 0.,5. 2. 8. . . . . . . . . . . . . . . |
. . . 1.,2. 2. 7.,4. 0. 9.,9. 3. 4. . . . . . 3. 0.,7. 3. 6.,7. 6. 7. . . . . . . 7.,5. 9. 2.,8. 8. 7. . . . . . 7. 4.,1. 6. 2.,7. 0. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.,1. 8. 0.,5. 1. 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.,8. 2. 4.,8. 6. 3. . . . . . 1. 4.,8. 3. 7.,5. 0. 0. . . . . . . . . . . . . . . . . . . . . . 8. 5. 1.,7. 5. 6. . . . . . . . 4. 7. 7.,9. 4. 7. . . . . . . . . . . . . . . . . . . . 1. 2.,7. 2. 9.,5. 3. 0. . . . . . . . . . . . . . . 43,153,533 | . . . . . . 4.,0. 5. 3.,1. 0. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 4.,5. 9. 8.,8. 0. 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 7. 7.,9. 4. 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,732,121 | . . . 1.,2. 2. 3.,3. 5. 6.,8. 3. 0. . . . . . 3. 0.,7. 3. 6.,7. 6. 7. . . . . . . 7.,5. 9. 2.,8. 8. 7. . . . . . 4. 9.,5. 6. 3.,8. 9. 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.,1. 8. 0.,5. 1. 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.,8. 2. 4.,8. 6. 3. . . . . . 1. 4.,8. 3. 7.,5. 0. 0. . . . . . . . . . . . . . . . . . . . . . 8. 5. 1.,7. 5. 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2.,7. 2. 9.,5. 3. 0. . . . . . . . . . . . . . . 22,421,412 | . . . 1.,2. 5. 5.,7. 6. 6.,1. 9. 3. . . . . . 3. 0.,7. 3. 6.,7. 6. 7. . . . . . . 7.,3. 2. 1.,3. 8. 3. . . . . . 4. 4.,7. 2. 1.,1. 1. 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.,6. 0. 0.,1. 0. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3.,7. 2. 4.,4. 8. 7. . . . . . . . . . . . . . . . . . . . . . 7. 0. 2.,0. 9. 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,510,680 | |
. . . 1.,4. 2. 0.,9. 5. 7.,9. 3. 3. | . . . . . 4. 9.,8. 6. 1.,9. 7. 8. | . . . 1.,3. 7. 1.,0. 9. 5.,9. 5. 5. | . . . 1.,3. 8. 7.,0. 8. 2.,8. 2. 6. | |
1,420,957,933 | 49,861,978 | 1,371,095,955 | 1,387,082,826 | |
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DETAILS OF WRITE-IN LINES | ||||
1101. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1102. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N. . . . . .O. . . . . N. . . . . E. . . 1103. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1198. Summary of remaining write-ins for Line 11 from overflow page . . . . . . . . . . . . . . . . . . . . . 1199. Totals (Lines 1101 through 1103 plus 1198) (Line 11 above) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
2501. C. a. s. h. S. u. r.re. n. d. e. r. V. a.lu. e. o. f. L. i.fe. I.n.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2502. G. o. o. d. w. i.ll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2503. P. r.e.p.ai.d. E. x. p. e.n.se. s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2598. Summary of remaining write-ins for Line 25 from overflow page . . . . . . . . . . . . . . . . . . . . . 2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) | . . . . . 2. 1.,8. 6. 1.,2. 4. 2. . . . . . 1. 5.,5. 9. 4.,6. 2. 7. . . . . . . 4.,1. 5. 6.,6. 1. 0. 1,541,054 | . . . . . . . . . . . . . . . . . . . 1. 5.,5. 9. 4.,6. 2. 7. . . . . . . 4.,1. 5. 6.,6. 1. 0. 980,884 | . . . . . 2. 1.,8. 6. 1.,2. 4. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 560,170 | . . . . . 2. 1.,5. 1. 0.,6. 8. 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
43,153,533 | 20,732,121 | 22,421,412 | 21,510,680 |
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LIABILITIES, SURPLUS AND OTHER FUNDS1 Current Year | 2 Prior Year | |
| . . . . . . . . . . . .8.0.,5. 0.1.,5. 0.1. . . . . . . . . . . . 6.7.6.,1. 4.6.,4. 5.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4.7.,2. 0.8.,6. 3.5. . . . . . . . . . . . .1.5.,2. 1.2.,2. 4.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 7.0.,0. 0.0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. 0.8.,5. 5.8. . . . . . . . . . . . . .1.,0. 0.6.,4. 3.7. . . . . . . . . . . . . . . . . . . . . . 331,763 | . . . . . . . . . . . .7.7.,9. 4.9.,4. 4.9. . . . . . . . . . . . 6.5.7.,6. 3.9.,2. 5.0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.9.,9. 0.0.,8. 2.2. . . . . . . . . . . . .1.1.,6. 4.4.,5. 8.6. . . . . . . . . . . . .1.3.,0. 2.6.,0. 2.9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.,4. 0.7.,0. 0.0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.0.,7. 2.4.,5. 6.9. . . . . . . . . . . . . . . 3. 7.6.,9. 5.0. . . . . . . . . . . . . . . 1. 8.0.,6. 6.1. . . . . . . . . . . . . . . . . . . . . . 43,223 |
3. Aggregate of other reserves required by law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
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7. Taxes, licenses and fees (excluding federal and foreign income taxes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.1 Current federal and foreign income taxes (including $ . . . . . . . . . .0 on realized capital gains (losses)) . . . . . . . | ||
8.2 Net deferred tax liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. Borrowed money $ . . . . . . . . . .0 and interest thereon $ . . . . . . . . . .0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
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12. Unearned interest and real estate income received in advance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
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17. Drafts outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
18. Payable to parent, subsidiaries and affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
19. Derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
20. Payable for securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
21. Payable for securities lending . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
22. Aggregate write-ins for other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
821,285,587 | 832,892,539 | |
23. Total liabilities (Lines 1 through 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
24. Aggregate write-ins for special surplus funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . |
25. Common capital stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . .4.4.,7. 8.3.,5. 0.0. | . . . . . . . . . . . .4.4.,7. 8.3.,5. 0.0. |
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28. Surplus notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . |
29. Gross paid in and contributed surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . 2.6.5.,5. 8.0.,1. 7.1. | . . . . . . . . . . . 2.6.5.,5. 8.0.,1. 7.1. |
| . . . . . . . . . . . 2.3.9.,4. 4.6.,6. 9.7. | . . . . . . . . . . . 2.4.3.,8. 2.6.,6. 1.6. |
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549,810,368 | 554,190,287 | |
1,371,095,955 | 1,387,082,826 | |
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DETAILS OF WRITE-INS | ||
0301. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0302. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N. . . . . O. . . . . . N. . . . . E. . . . . . . . . . . . 0303. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0398. Summary of remaining write-ins for Line 03 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0399. Totals (Lines 0301 through 0303 plus 0398) (Line 03 above) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
2201. R. e. i.ns. u. r.a.n.ce. .C. e.d.e.d. P. a. y.a.b.le. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2202. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2203. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2298. Summary of remaining write-ins for Line 22 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2299. Totals (Lines 2201 through 2203 plus 2298) (Line 22 above) | . . . . . . . . . . . . . . 3. 3.1.,7. 6.3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . 4.3.,2. 2.3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
331,763 | 43,223 | |
2401. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2402. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N. . . . . O. . . . . . N. . . . . E. . . . . . . . . . . . 2403. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2498. Summary of remaining write-ins for Line 24 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2499. Totals (Lines 2401 through 2403 plus 2498) (Line 24 above) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
2701. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2702. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N. . . . . O. . . . . . N. . . . . E. . . . . . . . . . . . 2703. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2798. Summary of remaining write-ins for Line 27 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2799. Totals (Lines 2701 through 2703 plus 2798) (Line 27 above) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
. .
OPERATIONS AND INVESTMENT EXHIBITSTATEMENT OF INCOME | 1 Current Year | 2 Prior Year |
OPERATING INCOME
| . . . . . . .2.,6. 4.8.,8. 5.4.,3. 6. 1. . . . . . . . . . 3.1.,3. 6.4.,6. 2. 1. . . . . . . . . 1. 6.9.,8. 8.8.,1. 0. 3. | . . . . . . .2.,3. 1.7.,4. 0.4.,1. 9. 0. . . . . . . . . . 1.9.,3. 8.6.,5. 5. 3. . . . . . . . . 1. 3.9.,4. 9.8.,3. 8. 6. |
2. Other operating income (Part 4, Line 2, Col. 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| . . . . . . .2.,8. 5.0.,1. 0.7.,0. 8. 5. . . . . . . . . 1. 2.7.,3. 1.3.,3. 1. 0. | . . . . . . .2.,4. 7.6.,2. 8.9.,1. 2. 9. . . . . . . . . 1. 2.0.,3. 2.5.,9. 7. 7. |
5. Operating expenses incurred (Part 3, Line 24, Cols. 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . .2.,5. 2.0.,2. 2.4.,4. 2. 5. | . . . . . . .2.,1. 8.5.,2. 7.6.,7. 2. 3. |
6. Other operating expenses (Part 4, Line 6, Col. 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
2,647,537,735 | 2,305,602,700 | |
7. Total operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
202,569,350 | 170,686,429 | |
8. Net operating gain or (loss) (Lines 3 minus 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INVESTMENT INCOME | ||
| . . . . . . . . . 4.9.,1. 3.7.,8. 6. 6. (41,319,929) | . . . . . . . . . 4.9.,9. 0.6.,3. 4. 9. 55,520,066 |
11. Net investment gain (loss) (Lines 9 + 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OTHER INCOME | . . . . . . . . . .7.,8. 1.7.,9. 3. 7. | . . . . . . . . 1. 0.5.,4. 2.6.,4. 1. 5. |
| 1,670,522 | 1,541,534 |
. . . . . . . . 2. 1.2.,0. 5.7.,8. 0. 9. 53,467,568 | . . . . . . . . 2. 7.7.,6. 5.4.,3. 7. 8. 45,960,383 | |
158,590,241 | 231,693,995 | |
15. Net income (Lines 13 minus 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CAPITAL AND SURPLUS ACCOUNT | ||
554,190,287 | 530,782,756 | |
16. Surplus as regards policyholders, December 31 prior year (Page 3, Line 32, Column 2) . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| . . . . . . . . 1. 5.8.,5. 9.0.,2. 4. 1. . . . . . . . . . 1.3.,0. 3.4.,6. 8. 0. . . . . . . . . . . . . . . . . . . | . . . . . . . . 2. 3.1.,6. 9.3.,9. 9. 5. . . . . . . . . (. 2.6.,5. 3.9.,2. 0. 8.) . . . . . . . . . . . . 2.4.,6. 5. 8. |
| . . . . . . . . . .8.,3. 2.6.,9. 3. 8. . (.3.,7. 7.4.,7. 8. 2.) . . . . . . . . . .1.,1. 3 7.,0. 0. 0. . . . . . . . . . . . . . . . . . . | . (.5.,5. 7.3.,7. 3. 1.) . . . . . . . . . .5.,0. 7 3.,1. 1. 1. . . . . . . . . . (.1.,3. 3.5.,0. 0. 0.) . . . . . . . . . . . . . . . . . . |
| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
26.1 Paid in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . |
26.2 Transferred from surplus (stock dividend) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . |
26.3 Transferred to surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27. Surplus Adjustments: | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . |
27.1 Paid in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . |
27.2 Transferred to capital (stock dividend) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . |
27.3 Transferred from capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . |
| . . . . . . . .(1. 8.1.,6. 9.3.,9. 9. 6.) . . . . . . . . . . . . . . . . . . | . . . . . . . .(1. 7.9.,9. 3.6.,2. 9. 4.) . . . . . . . . . . . . . . . . . . |
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(4,379,919) | 23,407,531 | |
549,810,368 | 554,190,287 | |
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DETAILS OF WRITE-IN LINES | ||
1201. M. i.s.ce. l.la. n. e.o.u.s.In. c. o. m. e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1202. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1203. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1298. Summary of remaining write-ins for Line 12 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1299. Totals (Lines 1201 through 1203 plus 1298) (Line 12 above) | . . . . . . . . . .1.,6. 7.0.,5. 2. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . .1.,5. 4.1.,5. 3. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
1,670,522 | 1,541,534 | |
3001. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3002. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N. . . . .O. . . . . .N. . . . .E. . . . . . . . . . . . . . . . . 3003. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3098. Summary of remaining write-ins for Line 30 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3099. Totals (Lines 3001 through 3003 plus 3098) (Line 30 above) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
. .
CASH FLOWCash from Operations | 1 Current Year | 2 Prior Year |
1. Premiums collected net of reinsurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . 2.,6. 6. 0.,4. 3. 6.,8. 5. 7. | . . . . . . . . . . 2.,3. 0. 5.,0. 5. 8.,3. 1. 5. |
| . . . . . . . . . . . . 4. 6.,0. 0. 4.,1. 7. 4. 202,941,921 | . . . . . . . . . . . . 4. 8.,0. 9. 7.,7. 5. 9. 160,351,378 |
. . . . . . . . . . 2.,9. 0. 9.,3. 8. 2.,9. 5. 2. . . . . . . . . . . . 1. 2. 4.,3. 4. 1.,6. 6. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.,5. 0. 9.,1. 8. 8.,5. 4. 5. . . . . . . . . . . . . . . . . . . . . . 59,894,326 | . . . . . . . . . . 2.,5. 1. 3.,5. 0. 7.,4. 5. 2. . . . . . . . . . . . 1. 2. 8.,0. 1. 1.,6. 0. 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.,1. 6. 8.,3. 1. 6.,4. 4. 7. . . . . . . . . . . . . . . . . . . . . . 51,296,019 | |
4. Total (Lines 1 through 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| ||
| ||
2,693,424,534 | 2,347,624,073 | |
10. Total (Lines 5 through 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
215,958,418 | 165,883,379 | |
11. Net cash from operations (Line 4 minus Line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
. . . . . . . . . . . . 6. 2.,4. 2. 3.,7. 4. 2. . . . . . . . . . . . 2. 8. 1.,7. 3. 0.,6. 4. 0. . . . . . . . . . . . . . . 1. 2. 9.,9. 7. 6. . . . . . . . . . . . . . . . 1. 0.,0. 0. 0. . . . . . . . . . . . . 8. 8.,9. 3. 2.,9. 2. 2. . . . . . . . . . . . . . . . 5. 4.,1. 4. 1. 1,206,995 | ||
Cash from Investments | ||
12. Proceeds from investments sold, matured or repaid: | ||
12.1 Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . 1. 0. 9.,2. 7. 9.,9. 6. 6. | |
12.2 Stocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . 5. 1.,5. 4. 6.,2. 8. 5. | |
12.3 Mortgage loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . 9. 0.,7. 5. 6. | |
12.4 Real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . | |
| . . . . . . . . . . . . 1. 3.,4. 3. 7.,5. 4. 8. . . . . . . . . . . . . . . . 2. 0.,9. 7. 6. 839,991 | |
. . . . . . . . . . . 1. 7. 5.,2. 1. 5.,5. 2. 2. | . . . . . . . . . . . 4. 3. 4.,4. 8. 8.,4. 1. 6. | |
13. Cost of investments acquired (long-term only): | ||
13.1 Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . 6. 7.,0. 6. 1.,1. 0. 0. | . . . . . . . . . . . . 6. 6.,3. 7. 4.,6. 8. 1. |
13.2 Stocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . 6. 3.,4. 5. 2.,9. 4. 2. | . . . . . . . . . . . 3. 0. 3.,0. 1. 8.,1. 9. 1. |
13.3 Mortgage loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . 4. 2. 5.,0. 0. 0. | . . . . . . . . . . . . . . . 4. 5.,0. 0. 0. |
13.4 Real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . 2. 2.,6. 0. 0. |
| . . . . . . . . . . . . . 3.,9. 3. 6.,9. 5. 7. | . . . . . . . . . . . . . 7.,3. 1. 8.,2. 1. 4. 1,664,907 |
. . . . . . . . . . . 1. 3. 4.,8. 7. 5.,9. 9. 9. | . . . . . . . . . . . 3. 7. 8.,4. 4. 3.,5. 9. 3. | |
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40,339,523 | 56,044,823 | |
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 8. 1.,6. 9. 3.,9. 9. 6. (40,895,529) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 7. 9.,9. 3. 6.,2. 9. 4. 48,032,859 | |
Cash from Financing and Miscellaneous Sources | ||
16. Cash provided (applied): | ||
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16.5 Dividends to stockholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
16.6 Other cash provided (applied) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 | ||
(222,589,525) | (131,903,435) | |
plus Line 16.6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS | ||
| . . . . . . . . . . . . 3. 3.,7. 0. 8.,4. 1. 6. | . . . . . . . . . . . . 9. 0.,0. 2. 4.,7. 6. 7. |
| 221,582,223 | 131,557,456 |
255,290,639 | 221,582,223 |
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20.0001 | N. o. n. | .C.a.sh. | .A.c.q.ui.s.iti.o.n. o. f.B. o.n.d.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . .(3. 2. 7.,5. 6. 1.) | . . . . . . . . . . . . . .(3. 9. 2.,2. 7. 3.) |
20.0002 | N. o. n. | .C.a.sh. | .D. is. p. o. s.it.io.n. o. f. B. o. n.d.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . 9. 4.,3. 2. 1. | . . . . . . . . . . . . . 1.,8. 0. 2.,5. 9. 5. |
20.0003 | N. o. n. | .C.a.sh. | .A.c.q.ui.s.iti.o.n. o. f.C. o. m. m. .on. .S. to. c. k. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . .(8. 6. 3.,3. 7. 2.) | . . . . . . . . . . . . . . . . . . . . . |
20.0004 | N. o. n. | .C.a.sh. | .In. v. e.s.tm. e. n. t. I.nc. o. m. .e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . 2.,0. 8. 3.,0. 4. 6. | . . . . . . . . . . . . . 1.,4. 5. 2.,9. 7. 2. |
20.0005 | N. o. n. | .C.a.sh. | .A.c.q.ui.s.iti.o.n. o. f.O. t.he. r. I.n.ve. s. t.e.d.A. s.s.et. s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . .(9. 8. 6.,4. 3. 4.) | . . . . . . . . . . . . (. 2.,8. 6. 3.,2. 9. 4.) |
Note: Supplemental disclosures of cash flow information for non-cash transactions:
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OPERATIONS AND INVESTMENT EXHIBIT PART 1A - SUMMARY OF TITLE INSURANCE PREMIUMS WRITTEN AND RELATED REVENUES1 Direct Operations | Agency Operations | 4 Current Year Total (Cols. 1 + 2 + 3) | 5 Prior Year Total | ||
2 Non-Affiliated Agency Operations | 3 Affiliated Agency Operations | ||||
1. Direct premiums written (Sch T, Line 59, | . . . . . . 8. 4.3.,3. 9.2.,6. 7. 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 650,071 | ||||
Cols. 3, 4 and 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Escrow and settlement service charges . . . . . . . . . . . . . . . | . . . . . . 2. 2.3.,1. 0.4.,9. 7. 9. . . . . . . . 2.9.,1. 7.5.,3. 1. 4. | . . . . .1.,6. 1.2.,1. 0.0.,8. 8. 3. . . . . . . . .2.,1. 8.9.,3. 0. 7. | . . . . .2.,6. 7.8.,5. 9.8.,5. 4. 1. . . . . . . . 3.1.,3. 6.4.,6. 2. 1. | . . . . .2.,3. 2.0.,4. 1.1.,7. 2. 0. . . . . . . . 1.9.,3. 8.6.,5. 5. 3. | |
3. Title examinations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . 7. 7. 6. | . . . . . . . . . . 3.0.,5. 4. 5. | . . . . . . . . . . 3.1.,3. 2. 1. | . . . . . . . . . . 3.4.,0. 6. 5. | |
4. Searches and abstracts . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . 2.2.,7. 1.7.,8. 5. 6. | . . . . . . . 4.3.,6. 7.1.,0. 1. 3. | . . . . . . . 6.6.,3. 8.8.,8. 6. 9. | . . . . . . . 6.2.,8. 3.7.,1. 6. 6. | |
| . . . . . . . . . 2. 3.5.,0. 7. 0. 84,203,088 | . . . . . . . . . . . . . . . . 18,379,684 | . . . . . . . . . 2. 3.5.,0. 7. 0. 103,232,843 | . . . . . . . . . 1. 9.5.,6. 6. 5. 76,431,490 | |
359,437,083 | 1,676,371,432 | 844,042,750 | 2,879,851,265 | 2,479,296,659 | |
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DETAILS OF WRITE-INS | |||||
0601. O. t.h.e.r .T.itl.e. F. e.e.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . 1.4.,0. 9.9.,1. 8. 8. | . . . . . . . .3.,8. 1.2.,7. 1. 3. | . . . . . . . . . . . . . . . . | . . . . . . . 1.7.,9. 1.1.,9. 0. 1. | . . . . . . . 1.5.,8. 8.5.,3. 6. 7. |
0602. O. t.h.e.r .In.c.o.m.e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . 7.0.,1. 0.3.,9. 0. 0. | . . . . . . . 1.4.,5. 6.6.,9. 7. 1. | . . . . . . . . . 6. 5.0.,0. 7. 1. | . . . . . . . 8.5.,3. 2.0.,9. 4. 2. | . . . . . . . 6.0.,5. 4.6.,1. 2. 3. |
0603. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0698. Summary of remaining write-ins for Line | . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . |
06 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0699. Total (Lines 0601 through 0603 plus | |||||
84,203,088 | 18,379,684 | 650,071 | 103,232,843 | 76,431,490 | |
0698) (Line 06 above) |
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PART 1B - PREMIUMS EARNED EXHIBIT1 Current Year | 2 Prior Year | |
(Lines 1.4 + 2.1 + 2.5 - 2.6) (Sch. T, Line 59, Col. 7) | . . . . . . . . . . .2.,6.7.8.,5. 9.8.,5. 4. 1. . . . . . . . . . . . . . .6.,1. 4.6.,6. 4. 2. . . . . . . . . . . . . .1.7.,3. 8.3.,6. 2. 1. 2,667,361,562 | . . . . . . . . . . .2.,3.2.0.,4. 1.1.,7. 2. 0. . . . . . . . . . . . . . .4.,0. 5.6.,1. 4. 8. . . . . . . . . . . . . .1.5.,6. 9.0.,3. 3. 6. 2,308,777,532 |
. . . . . . . . . . . . 6.5.7.,6. 3.9.,2. 5. 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.8.6.,4. 5.9.,9. 2. 9. . . . . . . . . . . . . 1.6.7.,9. 5.2.,7. 2. 8. . . . . . . . . . . . . . . . . . . . . . . 676,146,451 | . . . . . . . . . . . . 6.6.6.,2. 6.5.,9. 0. 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.6.0.,3. 9.8.,0. 6. 1. . . . . . . . . . . . . 1.6.9.,0. 2.4.,7. 1. 9. . . . . . . . . . . . . . . . . . . . . . . 657,639,250 | |
2,648,854,361 | 2,317,404,190 |
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DETAILS OF WRITE-INS | 1 Current Year | 2 Prior Year |
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02.501 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 02.502 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N. . . . .O. . . . . N. . . . . .E. . . . . . . . . 02.503 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 02.598 Summary of remaining write-ins for Line 02.5 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 02.599 Total (Lines 02.501 through 02.503 plus 02.598) (Line 02.5 above) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
1 Direct Operations | Agency Operations | 4 Total Current Year (Cols. 1 + 2 + 3) | 5 Total Prior Year | ||
2 Non-Affiliated Agency Operations | 3 Affiliated Agency Operations | ||||
1. Losses and allocated loss adjustment expenses paid - direct business, less salvage | |||||
and subrogation (Total same as Sch. T, Line 59, Col. 8) . . . . . . . . . . . . . . . . . . . . . | . 9. ,.77. 4. ,1. 6. 7. . | . . . 6. 7. ,.03. 8. ,0. 3. 5. . | . . . 3. 9. ,.38. 3. ,5. 2. 6. . | . . .11. 6. ,.19. 5. ,7. 2. 8. . | . . .11. 1. ,.28. 5. ,2. 9. 4. . |
2. Losses and allocated loss adjustment expenses paid - reinsurance | |||||
assumed, less salvage and subrogation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . 5. 9. ,7. 6. 0. . | . . . . . . . . . . . . | . . . . . . . . . . . . | . 5. 9. ,7. 6. 0. . | . 46. 8. ,3. 0. 2. . |
3. Total (Line 1 plus Line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . 9. ,.83. 3. ,9. 2. 7. . | . . . 6. 7. ,.03. 8. ,0. 3. 5. . | . . . 3. 9. ,.38. 3. ,5. 2. 6. . | . . .11. 6. ,.25. 5. ,4. 8. 8. . | . . .11. 1. ,.75. 3. ,5. 9. 6. . |
4. Deduct: Recovered during year from reinsurance . . . . . . . . . . . . . . . . . . . . . . . . . | . 5. ,3. 9. 7. . | . 6. ,.76. 2. ,7. 5. 0. . | . 6. 8. ,6. 5. 0. . | . 6. ,.83. 6. ,7. 9. 7. . | . 2. ,.49. 8. ,5. 0. 1. . |
5. Net payments (Line 3 minus Line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . 9. ,.82. 8. ,5. 3. 0. . | . . . 6. 0. ,.27. 5. ,2. 8. 5. . | . . . 3. 9. ,.31. 4. ,8. 7. 6. . | . . .10. 9. ,.41. 8. ,6. 9. 1. . | . . .10. 9. ,.25. 5. ,0. 9. 5. . |
6. Known claims reserve - current year (Page 3, Line 1, Column 1) . . . . . . . . . . . . . . | . 8. ,.61. 1. ,1. 5. 0. . | . . . 4. 3. ,.86. 2. ,9. 3. 0. . | . . . 2. 8. ,.02. 7. ,4. 2. 1. . | . . . 8. 0. ,.50. 1. ,5. 0. 1. . | . . . 7. 7. ,.94. 9. ,4. 4. 9. . |
7. Known claims reserve - prior year (Page 3, Line 1, Column 2) . . . . . . . . . . . . . . . . | . 8. ,.85. 9. ,8. 7. 8. . | . . . 4. 5. ,.57. 4. ,1. 5. 3. . | . . . 2. 3. ,.51. 5. ,4. 1. 8. . | . . . 7. 7. ,.94. 9. ,4. 4. 9. . | . . . 8. 2. ,.39. 0. ,1. 9. 3. . |
8. Losses and allocated Loss Adjustment Expenses incurred | |||||
(Line 5 plus Line 6 minus Line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . 9. ,.57. 9. ,8. 0. 2. . | . . . 5. 8. ,.56. 4. ,0. 6. 2. . | . . . 4. 3. ,.82. 6. ,8. 7. 9. . | . . .11. 1. ,.97. 0. ,7. 4. 3. . | . . .10. 4. ,.81. 4. ,3. 5. 1. . |
9. Unallocated loss adjustment expenses incurred (Part 3, Line 24, Column 5) . . . . . . . | . 1. ,.29. 0. ,5. 8. 8. . | . 8. ,.85. 1. ,7. 5. 0. . | . 5. ,.20. 0. ,2. 2. 9. . | . . . 1. 5. ,.34. 2. ,5. 6. 7. . | . . . 1. 5. ,.51. 1. ,6. 2. 6. . |
10. Losses and loss adjustment expenses incurred (Line 8 plus Line 9) | 10,870,390 | 67,415,812 | 49,027,108 | 127,313,310 | 120,325,977 |
1 Direct Operations | Agency Operations | 4 Total Current Year (Cols. 1 + 2 + 3 | 5 Total Prior Year | ||
2 Non-Affiliated Agency Operations | 3 Affiliated Agency Operations | ||||
| . . . 8. ,.66. 9. ,3. 7. 6. . . 8. 2. ,4. 2. 7. . 140,653 | . . .44. ,.64. 8. ,6. 8. 1. . . . . . . . . . . . . 785,751 | . . .28. ,.10. 8. ,3. 1. 0. . . . . . . . . . . . . 80,889 | . . .81. ,.42. 6. ,3. 6. 7. . . 8. 2. ,4. 2. 7. . 1,007,293 | . . .84. ,.52. 0. ,8. 2. 3. . . 8. 2. ,4. 2. 7. . 6,653,801 |
. . . 8. ,.61. 1. ,1. 5. 0. . . .1.25. ,.04. 1. ,8. 7. 4. . . 29. 8. ,9. 8. 5. . 294,999 | . . .43. ,.86. 2. ,9. 3. 0. . . .2.36. ,.84. 1. ,2. 3. 4. . . . . . . . . . . . . 307,449 | . . .28. ,.02. 7. ,4. 2. 1. . . .1.49. ,.10. 1. ,9. 8. 3. . . 21. 5. ,5. 9. 6. . 193,552 | . . .80. ,.50. 1. ,5. 0. 1. . . .5.10. ,.98. 5. ,0. 9. 1. . . 51. 4. ,5. 8. 1. . 796,000 | . . .77. ,.94. 9. ,4. 4. 9. . . .5.21. ,.44. 4. ,0. 6. 4. . . 50. 5. ,8. 9. 1. . 797,000 | |
. .1.25. ,.04. 5. ,8. 6. 0. . . . .15. ,.29. 5. ,9. 8. 9. . X X X | . .2.36. ,.53. 3. ,7. 8. 5. . . . .29. ,.21. 0. ,6. 3. 2. . X X X | . .1.49. ,.12. 4. ,0. 2. 7. . . . .18. ,.38. 9. ,3. 7. 9. . X X X | . .5.10. ,.70. 3. ,6. 7. 2. . . . .62. ,.89. 6. ,0. 0. 0. . | . .5.21. ,.15. 2. ,9. 5. 5. . . . .63. ,.59. 6. ,0. 0. 0. . | |
. . . X. .X. X. . . . . . . . X. .X. X. . . . . X X X | . . . X. .X. X. . . . . . . . X. .X. X. . . . . X X X | . . . X. .X. X. . . . . . . . X. .X. X. . . . . X X X | . .6.54. ,.10. 1. ,1. 7. 3. . . .6.76. ,.14. 6. ,4. 5. 1. . | . .6.62. ,.69. 8. ,4. 0. 4. . . .6.57. ,.63. 9. ,2. 5. 0. . | |
X X X | X X X | X X X | |||
(a) If the sum of Lines 3 + 8 + 9 is greater than Line 7, place a "0" in this Line.
Title and Escrow Operating Expenses | 5 Unallocated Loss Adjustment Expenses | 6 Other Operations | 7 Investment Expenses | Totals | |||||
1 Direct Operations | Agency Operations | 4 Total (Cols. 1 + 2 + 3) | 8 Current Year (Cols. 4 + 5 + 6 + 7) | 9 Prior Year | |||||
2 Non-affiliated Agency Operations | 3 Affiliated Agency Operations | ||||||||
1. Personnel costs: | |||||||||
1.1 Salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . 1. 3. 8.,9.65. ,.66. 5. | . . . . . . . . 1. 1. 6.,8.44. ,.53. 2. | . . . . . . . . . . 5.,8.6.5,.81. 8. | . . . . . . . . 2. 6. 1.,6.76. ,.01. 5. | . . . . . . . . . 1. 1.,1.4.2,.66. 1. | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . 2. 7. 2.,8.18. ,.67. 6. | . . . . . . . . 2. 2. 2.,7.4.6,.04. 4. |
1.2 Employee relations and welfare . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . 9.,5.71. ,.44. 5. | . . . . . . . . . 1. 2.,8.3.8,.28. 3. | . . . . . . . . . . . 6.6.5,.12. 5. | . . . . . . . . . 2. 3.,0.74. ,.85. 3. | . . . . . . . . . . 1.,5.1.4,.32. 8. | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . 2. 4.,5.89. ,.18. 1. | . . . . . . . . . 2. 2.,6.7.6,.22. 7. |
| . . . . . . . . . . 6.,4.99. ,.46. 7. 272,808 | . . . . . . . . . . 7.,0.9.2,.09. 9. 289,638 | . . . . . . . . . . . 3.0.9,.90. 8. 15,643 | . . . . . . . . . 1. 3.,9.01. ,.47. 4. 578,089 | . . . . . . . . . . . 7.9.6,.66. 7. 8,626 | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . 1. 4.,6.98. ,.14. 1. 586,715 | . . . . . . . . . 1. 2.,4.8.2,.72. 7. 464,141 |
. . . . . . . . . 1. 3.,4.6.2,.28. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.9.7,.70. 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.5,.61. 6. . . . . . . . . . . . .1.9,.25. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4.3,.85. 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.9.0,.97. 0. . . . . . . . . . . . 9.1.2,.28. 4. . . . . . . . . . . . .3.2,.77. 4. . . . . . . . . . . . 1.2.4,.25. 6. . . . . . . . . . . . 1.5.5,.96. 3. . . . . . . . . . . . .6.3,.25. 0. 14,783 | |||||||||
1.5 Total personnel costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
| . . . . . . . . 1. 5. 5.,3.09. ,.38. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 5.,7.97. ,.65. 8. | . . . . . . . . 1. 3. 7.,0.64. ,.55. 2. . 1. ,2. 9. 2.,0.5.5,.18. 4. . . . . . . . . . 1. 7.,9.5.5,.30. 7. | . . . . . . . . . . 6.,8.5.6,.49. 4. . . . . . . . . 7. 1. 6.,9.8.8,.16. 2. . . . . . . . . . . . .8.0,.53. 7. | . . . . . . . . 2. 9. 9.,2.30. ,.43. 1. . 2. ,0. 0. 9.,0.43. ,.34. 6. . . . . . . . . . 3. 3.,8.33. ,.50. 2. | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . 3. 1. 2.,6.92. ,.71. 3. . . . . 2. ,0. 0. 9.,0.43. ,.34. 6. . . . . . . . . . . . . 3. 4.,0.31. ,.20. 2. | . . . . . . . . 2. 5. 8.,3.6.9,.13. 9. . 1. ,7. 5. 5.,6.2.7,.54. 3. . . . . . . . . . 3. 0.,4.2.9,.07. 0. | |
3.2 Surveys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | |
3.3 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . 9.76. ,.17. 7. | . . . . . . . . . . 1.,8.2.9,.40. 8. | . . . . . . . . . . . . 2. ,.87. 9. | . . . . . . . . . . 2.,8.0.8,.46. 4. | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . 2.,8.0.8,.46. 4. | . . . . . . . . . . 1.,9.3.3,.43. 1. | |
4. Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . 7.49. ,.19. 2. | . . . . . . . . . . 1.,2.7.5,.72. 1. | . . . . . . . . . . . 1.0.4,.91. 8. | . . . . . . . . . . 2.,1.2.9,.83. 1. | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . 2.,1.4.5,.44. 7. | . . . . . . . . . . 1.,6.8.1,.03. 0. | |
5. Boards, bureaus and associations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . 2.48. ,.55. 9. | . . . . . . . . . . . 6.0.2,.47. 6. | . . . . . . . . . . . . 3. ,.60. 2. | . . . . . . . . . . . 8.54. ,.63. 7. | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . 8.73. ,.89. 1. | . . . . . . . . . . . 7.3.4,.12. 5. | |
6. Title plant rent and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . 8.04. ,.93. 1. | . . . . . . . . . . 1.,5.1.0,.13. 3. | . . . . . . . . . . . 1.2.8,.65. 5. | . . . . . . . . . . 2.,4.4.3,.71. 9. | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . 2.,4.4.3,.71. 9. | . . . . . . . . . . 2.,4.0.0,.03. 9. | |
| . . . . . . .X .X. X. . . . . . . . . . . . . . . . . . . 9.91. ,.10. 6. . . . . . . . . . . . 5.67. ,.64. 9. | . . . . . . .X .X. X. . . . . . . . . . . . . . . . . . . 7.7.3,.79. 6. . . . . . . . . . . . 6.4.8,.25. 9. | . . . . . . .X .X. X. . . . . . . . . . . . . . . . . . . . 2. ,.40. 2. . . . . . . . . . . . .1.8,.51. 2. | . . . . . . .X .X. X. . . . . . . . . . . . . . . . . . 1.,7.6.7,.30. 4. . . . . . . . . . . 1.,2.3.4,.42. 0. | . . . . . . .X .X. X. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . .X .X. X. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.,7.6.7,.30. 4. . . . . . . . . . . . . . 1.,2.3.4,.42. 0. | . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.,7.8.6,.83. 0. . . . . . . . . . . . 9.3.7,.37. 2. | |
10. Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . 1.,9.40. ,.38. 2. | . . . . . . . . . . 2.,6.7.3,.12. 9. | . . . . . . . . . . . .9.4,.04. 0. | . . . . . . . . . . 4.,7.0.7,.55. 1. | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . 4.,7.5.1,.40. 7. | . . . . . . . . . . 3.,5.9.4,.33. 6. | |
11. Directors' fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | |
12. Travel and travel items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . 5.,3.39. ,.75. 9. | . . . . . . . . . . 6.,5.3.3,.48. 4. | . . . . . . . . . . . 3.1.4,.02. 9. | . . . . . . . . . 1. 2.,1.87. ,.27. 2. | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . 1. 2.,4.78. ,.24. 2. | . . . . . . . . . . 9.,2.4.0,.98. 5. | |
13. Rent and rent items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . 6.,7.08. ,.06. 7. | . . . . . . . . . . 4.,8.1.3,.97. 1. | . . . . . . . . . . . 2.2.4,.75. 0. | . . . . . . . . . 1. 1.,7.46. ,.78. 8. | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . 1. 2.,6.59. ,.07. 2. | . . . . . . . . . 1. 1.,7.9.2,.76. 9. | |
| . . . . . . . . . . . 2.73. ,.01. 4. . . . . . . . . . 1. 2.,5.36. ,.20. 7. . . . . . . . . . . 1.,0.57. ,.01. 5. . . . . . . . . . . . 5.72. ,.76. 2. 4,968,732 | . . . . . . . . . . . 3.0.3,.73. 8. . . . . . . . . . 1. 4.,1.8.0,.29. 0. . . . . . . . . . . 1.,3.8.4,.67. 3. . . . . . . . . . . . 5.8.0,.19. 5. 6,607,861 | . . . . . . . . . . . .2.7,.56. 4. . . . . . . . . . . 4.,1.3.2,.60. 8. . . . . . . . . . . . 1.1.6,.96. 9. . . . . . . . . . . . . . . . . . 1,652,822 | . . . . . . . . . . . 6.04. ,.31. 6. . . . . . . . . . 3. 0.,8.49. ,.10. 5. . . . . . . . . . . 2.,5.5.8,.65. 7. . . . . . . . . . . 1.,1.5.2,.95. 7. 13,229,415 | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . 6.37. ,.09. 0. . . . . . . . . . . . . 3. 0.,9.73. ,.36. 1. . . . . . . . . . . . . . 2.,7.1.4,.62. 0. . . . . . . . . . . . . . 1.,2.1.6,.20. 7. 13,244,198 | . . . . . . . . . . . 6.7.0,.76. 2. . . . . . . . . . 2. 9.,2.7.1,.38. 7. . . . . . . . . . . 2.,1.6.3,.00. 2. . . . . . . . . . . 1.,1.7.1,.10. 7. 11,316,763 | |
. . . . . . . . 2. 0. 8.,8.40. ,.59. 5. . . . . . . . . . . 3.,4.18. ,.17. 8. . . . . . . . . . . . 1.31. ,.90. 7. . . . . . . . . . . . . . . . . . 1,260,031 | . . . . . . . . 7. 3. 0.,7.4.8,.94. 3. . . . . . . . . . 1. 2.,9.2.1,.56. 7. . . . . . . . . . . . 3.0.3,.02. 5. . . . . . . . . . . . . . . . . . 431,381 | . . . . . . . . . 1. 5.,3.3.2,.98. 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. ,.14. 7. . . . . . . . . . . . . . . . . . 4,064 | . . . . 2. ,4. 4. 5.,7.14. ,.70. 3. . . . . . . . . . . . . 4. 1.,0.38. ,.64. 3. . . . . . . . . . . . . . 1.,4.4.5,.18. 1. . . . . . . . . . . . . . . . . . . . . 3,675,572 | ||||||
| . 1. ,4. 9. 0.,7.9.2,.17. 7. | . 2. ,4. 3. 0.,3.81. ,.71. 5. | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . 2. ,1. 2. 3.,1.1.9,.69. 0. | ||||
| . . . . . . . . . 2. 4.,6.9.8,.89. 8. . . . . . . . . . . 1.,0.0.2,.10. 2. . . . . . . . . . . . . . . . . . 1,980,096 | . . . . . . . . . 4. 1.,0.38. ,.64. 3. . . . . . . . . . . 1.,4.3.7,.03. 4. . . . . . . . . . . . . . . . . . 3,671,508 | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . 3. 5.,3.0.5,.05. 4. . . . . . . . . . . 1.,0.5.6,.88. 2. . . . . . . . . . . . . . . . . . 5,173,079 | ||||
. . . . . . . . . . 4.,8.10. ,.11. 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,082,807 | . . . . . . . . . 2. 7.,6.8.1,.09. 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,375,065 | . . . . . . . . . 1. 3.,6.5.5,.97. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (762,347) | . . . . . . . . . 4. 6.,1.47. ,.18. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,695,525 | . . . . . . . . . . . .1.2,.21. 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ,.19. 0. (4,822) | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.1,.48. 4. . . . . . . . . . . . . 5. ,.42. 0. 1,703,225 | . . . . . . . . . . . . 4. 6.,1.59. ,.39. 6. . . . . . . . . . . . . . . .1.1,.48. 4. . . . . . . . . . . . . . . . 7. ,.61. 0. 45,393,928 | . . . . . . . . . 4. 1.,5.3.5,.01. 5. | |
21. Real estate expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . 5. ,.77. 1. | |||||||
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. . . . . . . . 2. 5. 3.,7.33. ,.51. 8. . . . . . . . . . 2. 5.,7.65. ,.01. 4. 19,568,490 | . 1. ,5. 2. 2.,8.4.8,.33. 8. . . . . . . . . . 2. 7.,5.4.8,.39. 1. 24,168,421 | . . . . . . . . 7. 4. 3.,6.4.2,.56. 9. . . . . . . . . . . 9.,1.0.7,.47. 2. 7,808,497 | . 2. ,5. 2. 0.,2.24. ,.42. 5. . . . . . . . . . 6. 2.,4.20. ,.87. 7. 51,545,408 | . . . . . . . . . 1. 5.,3.4.2,.56. 7. . . . . . . . . . 6. 2.,8.9.6,.00. 0. 63,596,000 | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . 1.,7.2.0,.12. 9. . . . . . . . . . . . . . . . . . | .(a). . . 2. ,5. 3. 7.,2.87. ,.12. 1. . . . . . . . . . . . 1. 2. 5.,3.16. ,.87. 7. 115,141,408 | . 2. ,2. 0. 2.,3.7.9,.86. 4. . . . . . . . . 1. 1. 5.,1.4.1,.40. 8. 113,835,924 | |
247,536,994 | 1,519,468,368 | 742,343,594 | 2,509,348,956 | 16,042,567 | 1,720,129 | 2,527,111,652 | 2,201,074,380 | ||
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2301. R. e. v.en. u. e. s.h.ar. in. g. e. x.pe. n. s.e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2302. M. i.sc. e.lla. n. e.o.us. e. x. p.en. s. e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2303. I.nv. e.st. m. e.n.t e. x. p.en. s. e.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2398. Summary of remaining write-ins for Line 23 from overflow page . . . . . . . . . . . . . . . . . 2399. Totals (Lines 2301 through 2303 plus 2398) (Line 23 above) | . . . . . . . . . 2. 3.,6.40. ,.60. 6. . . . . . . . . . 1. 6.,4.42. ,.20. 1. . . . . . . . . . . . . . . . . . | . . . . . . . . . . 2.,8.1.6,.75. 6. . . . . . . . . . . 1.,5.5.8,.30. 9. . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . .(7.62. ,.34. 7.) . . . . . . . . . . . . . . . . . | . . . . . . . . . 2. 6.,4.57. ,.36. 2. . . . . . . . . . 1. 7.,2.38. ,.16. 3. . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (.4,.82. 2.) . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.,6.9.6,.90. 2. 6,323 | . . . . . . . . . . . . 2. 6.,4.57. ,.36. 2. . . . . . . . . . . . . 1. 7.,2.33. ,.34. 1. . . . . . . . . . . . . . 1.,6.9.6,.90. 2. 6,323 | . . . . . . . . . 2. 2.,0.5.2,.37. 9. . . . . . . . . . 1. 4.,0.7.9,.03. 4. . . . . . . . . . . 1.,5.7.8,.43. 9. 1,119 |
40,082,807 | 4,375,065 | (762,347) | 43,695,525 | (4,822) | 1,703,225 | 45,393,928 | 37,710,971 |
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(a)
Includes management fees of $
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1 Direct Operations | Agency Operations | 4 Total (Cols. 1 + 2 + 3 ) | 5 Other Operations | Totals | |||
2 Non-affiliated Agency Operations | 3 Affiliated Agency Operations | 6 Current Year (Cols. 4 + 5) | 7 Prior Year | ||||
| . . . . . . . . . . 2. 2. 5.,8. 4. 3.,1. 2. 9. . . . . . . . . . . . 2. 9.,1. 7. 5.,3. 1. 4. . . . . . . . . . . 1. 0. 7.,1. 5. 6.,7. 9. 0. X X X | . . . . . . . . . 1.,5. 8. 6.,9. 3. 9.,3. 9. 2. . . . . . . . . . . . . 2.,1. 8. 9.,3. 0. 7. . . . . . . . . . . . 6. 2.,0. 8. 1.,2. 4. 2. X X X | . . . . . . . . . . 8. 3. 6.,0. 7. 1.,8. 4. 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. 5. 0.,0. 7. 1. X X X | . . . . . . . . . 2.,6. 4. 8.,8. 5. 4.,3. 6. 1. . . . . . . . . . . . 3. 1.,3. 6. 4.,6. 2. 1. . . . . . . . . . . 1. 6. 9.,8. 8. 8.,1. 0. 3. X X X | . . . . . . . .X. X. .X. . . . . . . . . . . . . . . . .X. X. .X. . . . . . . . . . . . . . . . .X. X. .X. . . . . . . . . | . . . . . . . . . 2.,6. 4. 8.,8. 5. 4.,3. 6. 1. . . . . . . . . . . . 3. 1.,3. 6. 4.,6. 2. 1. . . . . . . . . . . 1. 6. 9.,8. 8. 8.,1. 0. 3. | . . . . . . . . . 2.,3. 1. 7.,4. 0. 4.,1. 9. 0. . . . . . . . . . . . 1. 9.,3. 8. 6.,5. 5. 3. . . . . . . . . . . 1. 3. 9.,4. 9. 8.,3. 8. 6. |
. . . . . . . . . . 3. 6. 2.,1. 7. 5.,2. 3. 3. . . . . . . . . . . . 1. 0.,8. 7. 0.,3. 9. 0. 253,733,518 | . . . . . . . . . 1.,6. 5. 1.,2. 0. 9.,9. 4. 1. . . . . . . . . . . . 6. 7.,4. 1. 5.,8. 1. 2. 1,522,848,338 | . . . . . . . . . . 8. 3. 6.,7. 2. 1.,9. 1. 1. . . . . . . . . . . . 4. 9.,0. 2. 7.,1. 0. 8. 743,642,569 | . . . . . . . . . 2.,8. 5. 0.,1. 0. 7.,0. 8. 5. . . . . . . . . . . 1. 2. 7.,3. 1. 3.,3. 1. 0. 2,520,224,425 | . . . . . . . . . . . . . . . . . . . . . . . . . . . .X. X. .X. . . . . . . . . | . . . . . . . . . 2.,8. 5. 0.,1. 0. 7.,0. 8. 5. . . . . . . . . . . 1. 2. 7.,3. 1. 3.,3. 1. 0. 2,520,224,425 | . . . . . . . . . 2.,4. 7. 6.,2. 8. 9.,1. 2. 9. . . . . . . . . . . 1. 2. 0.,3. 2. 5.,9. 7. 7. 2,185,276,723 | |
264,603,908 | 1,590,264,150 | 792,669,677 | 2,647,537,735 | 2,647,537,735 | 2,305,602,700 | ||
97,571,325 | 60,945,791 | 44,052,234 | 202,569,350 | 202,569,350 | 170,686,429 | ||
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DETAILS OF WRITE-IN LINES | |||||||
0201. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0202. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0203. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0298. Summary of remaining write-ins for Line 02 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0299. Total (Lines 0201 through 0203 plus 0298) (Line 02 above) | . . . . . . . .X. X. .X. . . . . . . . . . . . . . . . .X. X. .X N. O . . . . . . . .X. X. .X. . . . . . . . . X X X | . . . . . . . .X. X. .X. . . . . . . . . . . . . . . . .X. X.N.X. . . .E. . . . . . . . . . . . .X. X. .X. . . . . . . . . X X X | . . . . . . . .X. X. .X. . . . . . . . . . . . . . . . .X. X. .X. . . . . . . . . . . . . . . . .X. X. .X. . . . . . . . . X X X | . . . . . . . .X. X. .X. . . . . . . . . . . . . . . . .X. X. .X. . . . . . . . . . . . . . . . .X. X. .X. . . . . . . . . X X X | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
X X X | X X X | X X X | X X X |
1 Collected During Year | 2 Earned During Year | |
1. U.S. Government bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | .(a. ). . . . . . . . . . . . . . .4.,0. 8.6.,2. 6.6. | . . . . . . . . . . . . . . . . .4.,3. 0.5.,2. 2.1. |
1.1 Bonds exempt from U.S. tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | .(a. ). . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . |
1.2 Other bonds (unaffiliated) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | .(a. ). . . . . . . . . . . . . .2.0.,4. 0.0.,6. 2.0. | . . . . . . . . . . . . . . . .2.0.,3. 0.8.,6. 0.6. |
1.3 Bonds of affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | .(a. ). . . . . . . . . . . . . . . . 1. 2.7.,2. 0.4. | . . . . . . . . . . . . . . . . . . 1. 0.2.,9. 6.7. |
2.1 Preferred stocks (unaffiliated) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | .(b. ). . . . . . . . . . . . . . .5.,1. 6.1.,7. 5.9. | . . . . . . . . . . . . . . . . .5.,1. 5.6.,7. 2.8. |
2.11 Preferred stocks of affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | .(b. ). . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . |
2.2 Common stocks (unaffiliated) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . .8.,0. 5.7.,4. 5.0. | . . . . . . . . . . . . . . . . .8.,1. 5.4.,1. 7.7. |
2.21 Common stocks of affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . 1. 0.5.,2. 2.3. | . . . . . . . . . . . . . . . . . . 1. 0.5.,2. 2.3. |
3. Mortgage loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . (c. ). . . . . . . . . . . . . . . . . 4.3.,4. 4.6. | . . . . . . . . . . . . . . . . . . . 4.3.,4. 4.6. |
4. Real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | .(d. ). . . . . . . . . . . . . . . . . 2.2.,2. 0.0. | . . . . . . . . . . . . . . . . . . . 2.2.,2. 0.0. |
| . . . . . . . . . . . . . . . . . . . . . . . . . .(e. ). . . . . . . . . . . . . . .7.,4. 5.3.,9. 2.5. | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7.,5. 4.9.,7. 0.5. |
7. Derivative instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . (f. ) . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . |
8. Other invested assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . .3.,9. 8.7.,3. 8.4. | . . . . . . . . . . . . . . . . .3.,9. 8.7.,3. 8.4. |
| . . . . . . . . . . . . . . . . .1.,1. 2.2.,3. 3.8. 50,567,815 | . . . . . . . . . . . . . . . . .1.,1. 2.2.,3. 3.8. 50,857,995 |
| .(g. ). . . . . . . . . . . . . . .1.,6. 9.8.,9. 0.7. .(g. ). . . . . . . . . . . . . . . . . .5.,4. 2.0. | |
13. Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | .(h. ). . . . . . . . . . . . . . . . . .6.,3. 2.3. | |
14. Depreciation on real estate and other invested assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . (.i) . . . . . . . . . . . . . . . . . .9.,4. 7.9. | |
15. Aggregate write-ins for deductions from investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . | |
| . . . . . . . . . . . . . . . . .1.,7. 2.0.,1. 2.9. 49,137,866 | |
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DETAILS OF WRITE-IN LINES | ||
0901. C. o. m. .pa. n. y. .O.w. n. e.d. L. if.e. I.n.su. r.a.n.ce. .In. c. o. m. e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0902. E. s. c.ro. w. . In. c. o. m. e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0903. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0998. Summary of remaining write-ins for Line 09 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . 0999. Totals (Lines 0901 through 0903 plus 0998) (Line 09 above) | . . . . . . . . . . . . . . . . . . 7. 1.7.,3. 6.0. . . . . . . . . . . . . . . . . . . 4. 0.4.,9. 7.8. . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . 7. 1.7.,3. 6.0. . . . . . . . . . . . . . . . . . . 4. 0.4.,9. 7.8. . . . . . . . . . . . . . . . . . . . . . . . . . |
1,122,338 | 1,122,338 | |
1501. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1502. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N. . . . . O. . . . . . N. . . . . E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1503. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1598. Summary of remaining write-ins for Line 15 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1599. Totals (Lines 1501 through 1503 plus 1598) (Line 15 above) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |
. .
. .
(a)
(b)
(c)
Includes $ Includes $ Includes $
. . . .1.,7. 6. 9.,3. 4.1 accrual of discount less $
. . . . . . . . .5.7 accrual of discount less $
. 0 accrual of discount less $
. . . .1.,0. 0. 5.,4. 4.0 amortization of premium and less $
. (1. ,.02. 8. ) amortization of premium and less $
. 0 amortization of premium and less $
. . . . .1. 5. 9.,6. 0.2 paid for accrued interest on purchases.
. . . . . . . . . .0 paid for accrued dividends on purchases.
. . . . . . . . . .0 paid for accrued interest on purchases.
(d)
Includes $
. . . . . .2. 2.,2. 0.0 for company's occupancy of its own buildings; and excludes $
. . . . . . . . . .0 interest on encumbrances.
(e)
(f)
Includes $ Includes $
. . . . .7. 4. 5.,6. 1.8 accrual of discount less $
. 0 accrual of discount less $
. 0 amortization of premium and less $
. . . . . . . . . .0 amortization of premium.
. . . . . . . . . .0 paid for accrued interest on purchases.
(g)
Includes $
. 0 investment expenses and $
. 0 investment taxes, licenses and fees, excluding federal income taxes,
attributable to segregated and Separate Accounts.
(h)
Includes $
. 0 interest on surplus notes and $
. . . . . . . . . .0 interest on capital notes.
(i)
Includes $
. . . . . . .9.,4. 7.9 depreciation on real estate and $
. . . . . . . . . .0 depreciation on other invested assets.
EXHIBIT OF CAPITAL GAINS (LOSSES)1 Realized Gain (Loss) on Sales or Maturity | 2 Other Realized Adjustments | 3 Total Realized Capital Gain (Loss) (Columns 1 + 2) | 4 Change in Unrealized Capital Gain (Loss) | 5 Change in Unrealized Foreign Exchange Capital Gain (Loss) | |
1. U.S. Government bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . .
| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 6. 7.,7. 6. 6. | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 6. 7.,7. 6. 6. | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (.1.,5. 9.6.,0. 7.4.) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
1.3 Bonds of affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.1 Preferred stocks (unaffiliated) . . . . . . . . . . . . . . . . . . . . . . . . . 2.11 Preferred stocks of affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . 2.2 Common stocks (unaffiliated) . . . . . . . . . . . . . . . . . . . . . . . . . 2.21 Common stocks of affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . .(8. 3. 9.,3. 5. 3.) . . . . . . . . . . . . . . . . . . . . .(6. 8.,7. 7. 9.,6. 3. 1.) . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . .(8. 3. 9.,3. 5. 3.) . . . . . . . . . . . . . . . . . . . . .(6. 8.,7. 7. 9.,6. 3. 1.) . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . .1.,1. 2.1.,6. 3. 9. . . . . . . . . . . . . . . . . . . . . . . . 1.4.,3. 0.0.,9. 1. 8. . . . . . . . . .(6. 4.6.,8. 8. 9.) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
3. Mortgage loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . |
4. Real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . |
| . . . . . . . . . . . . . . . . . . . . . . . . (. 6.,0. 7. 9.) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . (. 6.,0. 7. 9.) | . . . . . . . . . . . . . . . . . . . . . . . . . . 2.7.,0. 5. 5. | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
7. Derivative instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . 4.,8. 0. 2.,6. 5. 1. | . . . . . . . . . . . . . . . | . . . . . . . 4.,8. 0. 2.,6. 5. 1. | . . . . . . . . . (. 6.6.,2. 1. 8.) | . . . . . . . . . . . . . . . . |
| . . . . . . . 9.,6. 1. 0.,5. 8. 1. | . . . . . . . . . . . . . . . | . . . . . . . 9.,6. 1. 0.,5. 8. 1. | . . . . . . . 1.8.,4. 8.7.,0. 3. 9. | . . . . . . . . . . . . . . . . |
(54,744,065) | (54,744,065) | 31,627,470 |
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DETAILS OF WRITE-IN LINES | |||||
0901. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0902. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0903. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0998. Summary of remaining write-ins for Line 09 from overflow page 0999. Totals (Lines 0901 through 0903 plus 0998) (Line 09 above) | . . N. . . . . O N. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . .E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
1 Current Year Total Nonadmitted Assets | 2 Prior Year Total Nonadmitted Assets | 3 Change in Total Nonadmitted Assets (Col. 2 - Col. 1) | |
| . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . |
2.1 Preferred stocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . |
2.2 Common stocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Mortgage loans on real estate (Schedule B): | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . |
3.1 First liens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . 3. 5.7.,0. 4. 2. | . . . . . . . . . . 3. 5. 7.,0. 4. 2. | . . . . . . . . . . . . . . . . . |
3.2 Other than first liens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. Real estate (Schedule A): | . . . . . . . . . . 9. 0.2.,1. 8. 3. | . . . . . . . . . . 5. 3. 0.,5. 4. 4. | . . . . . . . . . .(3. 7. 1.,6. 3. 9.) |
| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
4.3 Properties held for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Cash (Schedule E - Part 1), cash equivalents (Schedule E - Part 2) and short-term | . . . . . . . . . . 1. 5.9.,5. 6. 0. | . . . . . . . . . . 1. 5. 9.,5. 6. 0. | . . . . . . . . . . . . . . . . . |
investments (Schedule DA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . |
6. Contract loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . |
7. Derivatives (Schedule DB) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . |
8. Other invested assets (Schedule BA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . .2.,6. 3.4.,3. 1. 9. | . . . . . . . . . 1.,4. 0. 7.,7. 5. 4. | . . . . . . . . (. 1.,2. 2. 6.,5. 6. 5.) |
| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
| |||
. . . . . . . . .4.,0. 5.3.,1. 0. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.4.,5. 9.8.,8. 0. 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 7.7.,9. 4. 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,732,121 | . . . . . . . . . 2.,4. 5. 4.,9. 0. 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 2.,2. 2. 8.,3. 4. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.,3. 7. 8.,8. 6. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 5. 4.,9. 4. 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,670,138 | . . . . . . . . (. 1.,5. 9. 8.,2. 0. 4.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (. 2.,3. 7. 0.,4. 6. 2.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.,3. 7. 8.,8. 6. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(1. 2. 2.,9. 9. 9.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,061,983) | |
13. Title plants (for Title insurers only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |||
| |||
| |||
and not yet due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.3 Accrued retrospective premiums and contracts subject to redetermination . . . . . . . . . . . . . . 16. Reinsurance: | |||
17. Amounts receivable relating to uninsured plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |||
18.1 Current federal and foreign income tax recoverable and interest thereon . . . . . . . . . . . . . . . . . . . . | |||
18.2 Net deferred tax asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |||
| |||
| |||
| |||
26. Total assets excluding Separate Accounts, Segregated Accounts and | |||
Protected Cell Accounts (Lines 12 to 25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
| . . . . . . . . 4.9.,8. 6.1.,9. 7. 8. | . . . . . . . . 4. 6.,0. 8. 7.,1. 9. 5. | . . . . . . . . (. 3.,7. 7. 4.,7. 8. 3.) |
49,861,978 | 46,087,195 | (3,774,783) | |
. .
. . .
. .
. . .
. . .
. . .
. .
. . .
. . .
DETAILS OF WRITE-IN LINES | |||
1101. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1102. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N. . . . . .O. . . . . N. . . . . .E. . . . . . . . 1103. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1198. Summary of remaining write-ins for Line 11 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . 1199. Totals (Lines 1101 through 1103 plus 1198) (Line 11 above) | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
2501. G. o. o. d. w. i.ll. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2502. P. r.e.p.ai.d. E. x. p. e.n.s.es. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2503. O. t.h.e.r .M. is. c. e.ll.a.ne. o. u. s. A. s. s. e. ts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2598. Summary of remaining write-ins for Line 25 from overflow page . . . . . . . . . . . . . . . . . . . . . . . . . . . 2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) | . . . . . . . . 1.5.,5. 9.4.,6. 2. 7. . . . . . . . . .4.,1. 5.6.,6. 1. 0. . . . . . . . . . . 9. 8.0.,8. 8. 4. | . . . . . . . . 1. 5.,5. 9. 4.,6. 2. 7. . . . . . . . . . 3.,1. 6. 9.,1. 0. 0. . . . . . . . . . . 9. 0. 6.,4. 1. 1. | . . . . . . . . . . . . . . . . . . . . . . . . . . .(9. 8. 7.,5. 1. 0.) . . . . . . . . . . .(7. 4.,4. 7. 3.) |
20,732,121 | 19,670,138 | (1,061,983) |
. .
. . .
. . .
NOTES TO FINANCIAL STATEMENTSSummary of Significant Accounting Policies and Going Concern:
Accounting Practices:
Fidelity National Title Insurance Company (the "Company") is a title insurance company domiciled in the State of Florida at December 31, 2025. The financial statements of the Company for the period ending December 31, 2025 are presented on the basis of accounting practices prescribed or permitted by the Florida Office of Insurance Regulation (the "FL OIR").
The FL OIR recognizes only statutory accounting practices prescribed or permitted by the State of Florida for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the Florida insurance laws. The National Association of Insurance Commissioners' (NAIC) Accounting Practices and Procedures Manual, (NAIC SAP), has been adopted as a component of prescribed or permitted practices by the State of Florida.
A reconciliation of the Company's net income and capital and surplus between NAIC SAP and practices prescribed
and permitted by the State of Florida for December 31, 2025 and December 31, 2024 is shown below:
SSAP F/S
# Page F/S Line # 12/31/2025
12/31/2024
Net Income, State Basis
$ 158,590,241
$ 231,693,995
State Prescribed Practices (Income):
-
-
State Permitted Practices (Income):
-
-
Net Income, NAIC SAP Basis
$ 158,590,241
$ 231,693,995
Statutory Surplus, State Basis
$ 549,810,368
$ 554,190,287
State Prescribed Practices (Surplus):
-
-
State Permitted Practices (Surplus):
-
-
Statutory Surplus, NAIC SAP Basis
$ 549,810,368
554,190,287
Use of Estimates in the Preparation of the Financial Statements:
The preparation of financial statements in conformity with NAIC SAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities. It also requires disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates.
Accounting Policy:
A portion of title insurance premiums written, escrow fees and other title fees is deferred and set aside in the statutory premium reserve which is computed and amortized in accordance with accounting practices prescribed by the Florida Department of Insurance. The remaining portion of title insurance premiums, escrow fees and other title fees are recognized at the time of the closing of the related real estate transaction.
Amounts paid to or retained by title agents are recognized as an expense when incurred. In addition, the company uses the following accounting policies:
Short term investments are stated at amortized cost.
Bonds not backed by other loans are stated at amortized cost using the effective interest method with exception to those bonds with a NAIC designation of 3-6, which are stated at the lower of amortized cost or market value. The Company holds one (2) SVO - Identified Bond ETF reported on Schedule D Part 1 - Section 1. The ETF is reported at fair value.
Unaffiliated common stock holdings are stated at NAIC market value.
Redeemable preferred stocks are stated at amortized cost. Perpetual preferred stocks are stated at fair value. Non-investment grade preferred stocks are stated at the lower of amortized cost or fair value.
Mortgage Loans on Real Estate are stated at the aggregate carrying value less accrued interest.
Asset-backed securities, if any, are stated at amortized cost or the lower of amortized cost or market value.
Investment in Subsidiaries, Controlled or Affiliated Companies are valued using the underlying statutory equity, as adjusted, or audited GAAP equity, adjusted for certain non-admitted assets, as appropriate for each individual investment, in accordance with NAIC SAP No. 97, Investments in Subsidiary, Controlled and Affiliated Entities, A Replacement of SSAP No. 88. The net change in the subsidiaries' equity is included in the change in net unrealized capital gains or losses.
Interest in Joint Ventures - Company has ownership interests in joint ventures, partnerships and limited liability companies. Interests in these investments are valued based on the underlying audited GAAP equity of the investee, and may include adjustments for certain non-admitted assets depending on the ownership interest in the investee and the nature of the venture. The net change in the investee's equity is included in the change in net unrealized capital gains or losses.
NOTES TO FINANCIAL STATEMENTSDerivatives - All derivatives are stated at fair value. The cash flows associated with the sold covered call options on specific equity securities held for income generation are presented in cash from financing and miscellaneous sources in the statement of cash flow.
Anticipated investment income to be used as a factor in a premium deficiency calculation - None
Unpaid losses and loss adjustment expense include an amount determined from individual case estimates and loss reports. Such liabilities are necessarily based on assumptions and estimates. While management believes the amount is adequate, the ultimate liability may be in excess of or less than the amount provided. The methods for making such estimates and for establishing the resulting liability are continually reviewed and any adjustments are reflected in the period determined.
The Company has not modified its capitalization policy from the prior period.
The Company has no pharmaceutical rebate receivables.
Going Concern:
Not applicable.
Accounting Changes and Correction of Errors:
None.
Business Combinations and Goodwill:
Not applicable.
Discontinued Operations:
Not applicable.
Investments:
Mortgage Loans, including Mezzanine Real Estate Loans:
The minimum and maximum interest rates on mortgage loans in 2025 was 0.0% and 10.0%.
Loans other than first liens, and loans in excess of 95% of statement value are non-admitted.
NOTES TO FINANCIAL STATEMENTSCurrent Year
Prior Year
3.
Taxes, assessments and any amounts
advanced and not included
in the mortgage loan total:
-
-
Residential
Commercial
4.
Age Analysis of Mortgage Loans:
Farm
Insured
All Other
Insured
All Other
Mezzanine
Total
a.
Current Year
1.
Recorded Investment (All)
(a).
Current Year
-
864,208
-
-
-
864,208
(b).
30 - 59 Days Past Due
-
-
-
-
-
-
(c).
60 - 89 Days Past Due
-
-
-
-
-
-
-
(d).
90 - 179 Days Past Due
-
-
-
-
-
-
(e).
180 + Days Past Due
-
471,441
-
-
-
-
471,441
2.
Accruing Interest 90 - 179 Days Past Due
(a).
Recorded Investment
-
-
-
-
-
-
-
(b).
Interest Accrued
-
-
-
-
-
-
-
3.
Accruing Interest 180 + Days Past Due
(a).
Recorded Investment
-
-
-
-
-
-
-
(b).
Interest Accrued
-
-
-
-
-
-
-
4.
Interest Reduced
(a).
Recorded Investment
-
-
-
-
-
-
-
(b).
Number of Loans
-
-
-
-
-
-
-
(c).
Percent Reduced
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
5.
Participant or Co-lender in a Mortgage
Loan Agreement
(a).
Recorded Investment
-
-
-
-
-
-
-
b.
Prior Year
1.
Recorded Investment
(a).
Current Year
-
438,768
-
-
-
-
438,768
(b).
30 - 59 Days Past Due
-
-
-
-
-
-
(c).
60 - 89 Days Past Due
-
-
-
-
-
-
-
(d).
90 - 179 Days Past Due
-
-
-
-
-
-
(e).
180 + Days Past Due
-
562,637
-
-
-
-
562,637
2.
Accruing Interest 90 - 179 Days Past Due
(a).
Recorded Investment
-
-
-
-
-
-
-
(b).
Interest Accrued
-
-
-
-
-
-
-
3.
Accruing Interest 180 + Days Past Due
(a).
Recorded Investment
-
-
-
-
-
-
-
(b).
Interest Accrued
-
-
-
-
-
-
-
4.
Interest Reduced
(a).
Recorded Investment
-
-
-
-
-
-
-
(b).
Number of Loans
-
-
-
-
-
-
-
(c).
Percent Reduced
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
5.
Participant or Co-lender in a Mortgage
Loan Agreement
(a).
Recorded Investment
-
-
-
-
-
-
-
5.
Investment in Impaired Loans With or Without
Allow ance for Credit Losses:
Residential
Commercial
a.
Current Year
Farm
Insured
All Other
Insured
All Other
Mezzanine
Total
1.
With Allow ance for Credit Losses
-
-
-
-
-
-
2.
No Allow ance for Credit Losses
-
40,595
-
-
-
-
40,595
3.
Total (1+2)
-
40,595
-
-
-
-
40,595
4.
Subject to a participant or co-lender mortgage loan agreement for w hich the reporting entity is restricted from unilaterally foreclosing on the
mortgage loan
-
-
-
-
-
-
b.
Prior Year
1.
With Allow ance for Credit Losses
-
-
-
-
-
-
2.
No Allow ance for Credit Losses
-
40,595
-
-
-
-
40,595
3.
Total (1+2)
-
40,595
-
-
-
-
40,595
4.
Subject to a participant or co-lender mortgage loan agreement for w hich the reporting entity is restricted from unilaterally foreclosing on the
mortgage loan
-
-
-
-
-
-
6.
Investment in Impaired Loans
Residential
Commercial
a.
Current Year
Farm
Insured
All Other
Insured
All Other
Mezzanine
Total
1.
Average Recorded Investment
-
40,595
-
-
-
-
40,595
2.
Interest Income Recognized
-
-
-
-
-
-
-
3.
Recorded Investments on Nonaccrual Status
-
40,595
-
-
-
-
40,595
4.
Amount of Interest Income Recognized Using a
Cash basis method of accounting
-
-
-
-
-
-
-
Cash-Basis Method of Accounting
-
-
-
-
-
-
-
b.
Prior Year
1.
Average Recorded Investment
-
40,595
-
-
-
40,595
2.
Interest Income Recognized
-
-
-
-
-
-
-
3.
Recorded Investments on Nonaccrual Status
-
40,595
-
-
-
-
40,595
4.
Amount of Interest Income Recognized Using a
Cash-Basis Method of Accounting
-
-
-
-
-
-
-
7.
Allow ance for Credit Losses:
Current Year
Prior Year
a. Balance at beginning of period
b. Additions charged to operations
-
c. Direct w rite-dow ns charged against the allow ances
-
-
d. Recoveries of amounts previously charged off
-
e. Balance at end of period
-
-
8.
Mortgage Loans Derecognized as a Result of
Foreclosure:
Current Year
a.
Aggregate amount of mortgage loans
-
b.
Real estate collateral recognized
-
c.
Other collateral recognized
-
d.
Receivables recognized from a government
guarantee of the foreclosed mortgage loan
-
9. The Company recognizes interest income on its impaired loans upon receipt.
Debt Restructuring - Not applicable.
Reverse Mortgages - Not applicable.
Asset-Backed Securities:
Prepayment assumptions for single class and multi-class asset-backed securities were obtained from an external pricing source.
N/A - no OTTI charges in 2025
N/A - no OTTI charges in 2025
NOTES TO FINANCIAL STATEMENTSAll impaired securities (fair value is less than cost or amortized cost) for which an other-than-temporary impairment has not been recognized in earnings as a realized loss (including securities with a recognized other-than-temporary impairment for non-interest related declines when a non-recognized interest related impairment remains):
The aggregate amount of unrealized losses:
Less than 12 Months $669
12 Months or Longer $755,646
The aggregate related fair value of securities with unrealized losses:
Less than 12 Months $98,028
12 Months or Longer $5,113,810
In deciding that these unrealized losses are other-than-temporary, management considered the small magnitude of the losses relative to amortized cost as well as the short duration of the loss position. Management believes that it will recover its investment in these securities and has the intent and ability to hold these investments until recovery or maturity.
Dollar Repurchase Agreements and/or Securities Lending Transactions - Not applicable.
Repurchase Agreements Transactions Accounted for as Secured Borrowing - Not applicable.
Reverse Repurchase Agreements Transactions Accounted for as Secured Borrowing - Not applicable.
Repurchase Agreements Transactions Accounted for as a Sale - Not applicable.
Reverse Repurchase Agreements Transactions Accounted for as a Sale - Not applicable.
Real Estate:
Impairment loss - No impairment recognized in 2025. During 2024, the Company recognized an impairment loss of $20,000 on its Real Estate, based on an evaluation of current market conditions on a particular property. The realized loss is included in net realized capital gains (losses) less capital gains tax in the Operations and Investment Exhibit for the prior year.
In the ordinary course of business, the Company occasionally acquires real estate in settlement of claims. It is not the Company's intention to hold these properties for investment or administrative purposes, but rather to dispose of them as market conditions warrant. Accordingly, any real estate so acquired is classified as "held for sale" upon its acquisition. These properties are disclosed on Schedule A Part 1 of the Annual Statement. During 2025, 1 property was disposed of, as disclosed on Schedule A Part 3 of the 2025 statement. The net realized of
$0 is included in net realized capital gains (losses) less capital gains tax in the Operations and Investment Exhibit for the current year. During 2024, 2 properties were disposed of, as disclosed on Schedule A Part 3 of the 2024 statement. The net realized gain of $10,000 is included in net realized capital gains (losses) less capital gains tax in the Operations and Investment Exhibit for the prior year.
Changes to plans for sale - Not applicable.
Retail land sales - Not applicable.
Participating mortgage loan features - Not applicable.
Investments in Tax Credit Structures (tax credit investments) - Not applicable.
Restricted Assets:
Restricted Assets (Including Pledged):
Restricted Asset Category
1
2
3
4
5
6
7
8
9
10
Total Gross Restricted from Current Year
Total Gross Restricted from Prior Year
Increase/ (Decrease) (1
minus 2)
Total Current Year Nonadmitted Restricted
Total Current Year Admitted Restricted
% Gross Restricted to Total Assets
%
Admitted Restricted to Total Admitted Assets
Amount Reported in General Interrogatories
Difference from Note & GI
GI Ref
(a) thru (i) categories
(j) On deposit with states
$ 8,685,505
$ 8,924,319
$ (238,814)
-
$ 8,685,505
0.611%
0.633%
$ 8,685,505
$0
26.28
(k) On deposit with other
regulatory bodies
$ 997,306
$ 1,001,227
$ (3,921)
-
$ 997,306
0.070%
0.073%
$ 997,306
$0
26.29
(l) thru (q) categories
(r) Total restricted assets
$ 9,682,811
$ 9,925,546
$ (242,735)
-
$ 9,682,811
0.681%
0.706%
XXX
XXX
XXX
Not applicable.
Not applicable.
Not applicable.
Working Capital Finance Investments - Not applicable.
Offsetting and Netting of Assets and Liabilities - Not applicable.
5GI Securities - Not applicable.
Short Sales - Not applicable.
NOTES TO FINANCIAL STATEMENTSPrepayment Penalty and Acceleration Fees:
General Account
Number of CUSIPs 0
Aggregate Amount of Investment Income $0
Reporting Entity's Share of Cash Pool by Asset type:
Asset Type
Percent Share
1) Cash
30%
2) Cash Equivalents
70%
3) Short-Term Investments
0%
4) Total
100%
Aggregate Collateral Loans by Qualifying Investment Collateral - Not applicable.
Joint Ventures, Partnerships and Limited Liability Companies:
The Company has no investments in Joint Ventures, Partnerships or Limited Liability Companies that exceed 10% of its admitted assets.
The Company recorded impairments of $0 and $0 in 2025 and 2024, respectively, on its investments in Joint Ventures, Partnerships and Limited Liability Companies.
Investment Income:
The Company nonadmits any investment income due and accrued that is over 90 days past due.
There was no due and accrued income excluded in the financial statements at December 31, 2025 and December 31, 2024.
The gross, nonadmitted and admitted amounts for interest income due and accrued. Interest Income Due and Accrued Amount
Gross $ 7,592,887
Nonadmitted -
Admitted $ 7,592,887
The aggregate deferred interest.
Amount
Aggregate Deferred Interest $ 0
The cumulative amounts of paid-in-kind (PIK) interest included in the current principal balance. Amount
Cumulative amounts of PIK interest included in the current
principal balance $ 437,930
Derivative Instruments:
Derivatives under SSAP No. 86 - Derivatives
The Company sold covered call options on specific equity securities held for income generation. The cash flows associated with the sold covered call options on specific equity securities held for income generation are presented in cash from financing and miscellaneous sources in the statement of cash flow. The portion of unassigned funds (surplus) represented or reduced by cumulative unrealized gains and losses on call options is $643,029.
Types of Excluded
Current Fair
Recognized
Fair Value
Aggregate
Current Year
Remaining
Component
Value
Unrealized
Reflected in
Amount
Amortization
Amortization
Gain (Loss)
BACV
Owed at
Maturity
a.
Time Value
$
(608,558)
$
643,029
$
(608,558)
XXX
XXX
XXX
b.
Volatility Value
$
-
$
-
$
-
XXX
XXX
XXX
c.
Cross Current
$
-
$
-
XXX
XXX
XXX
XXX
d.
Basis Spread Forward Point
$
-
$
-
XXX
$
-
$
-
$
-
Derivatives under SSAP No. 108 - Derivative Hedging Variable Guarantees - Not applicable.
Income Taxes:
The components of the net deferred tax asset/(liability) at December 31 are as follows:
NOTES TO FINANCIAL STATEMENTS1.
12/31/2025
(1)
(2)
(3)
(Col 1 + 2)
Ordinary
Capital
Total
a.
Gross Deferred Tax Assets
$
13,858,502
31,572,054
45,430,556
b.
Statutory Valuation Allowance Adjustments
$
-
15,751,039
15,751,039
c.
Adjusted Gross Deferred Tax Assets (1a - 1b)
$
13,858,502
15,821,015
29,679,517
d.
Deferred Tax Assets Nonadmitted
$
-
0
0
e.
Subtotal Net Admitted Deferred Tax Asset (1c - 1d)
$
13,858,502
15,821,015
29,679,517
f.
Deferred Tax Liabilities
$
1,212,370
13,629,647
14,842,017
g.
Net Admitted Deferred Tax Assets /
(Net Deferred Tax Liability) (1e - 1f)
$
12,646,132
2,191,368
14,837,500
1.
12/31/2024
(4)
(5)
(6)
(Col 4 + 5)
Ordinary
Capital
Total
a.
Gross Deferred Tax Assets
$
13,321,878
26,774,245
40,096,123
b.
Statutory Valuation Allowance Adjustments
$
-
3,056,373
3,056,373
c.
Adjusted Gross Deferred Tax Assets (1a - 1b)
$
13,321,878
23,717,873
37,039,751
d.
Deferred Tax Assets Nonadmitted
$
-
1,378,865
1,378,865
e.
Subtotal Net Admitted Deferred Tax Asset (1c - 1d)
$
13,321,878
22,339,008
35,660,886
f.
Deferred Tax Liabilities
$
3,350,376
8,586,023
11,936,399
g.
Net Admitted Deferred Tax Assets /
(Net Deferred Tax Liability) (1e - 1f)
$
9,971,502
13,752,985
23,724,487
1.
Change
(7)
(8)
(9)
(Col 1 - 4)
(Col 2- 5)
(Col 7 + 8)
Ordinary
Capital
Total
a.
Gross Deferred Tax Assets
$
536,624
4,797,809
5,334,433
b.
Statutory Valuation Allowance Adjustments
$
-
12,694,667
12,694,667
c.
Adjusted Gross Deferred Tax Assets (1a - 1b)
$
536,624
(7,896,858)
(7,360,234)
d.
Deferred Tax Assets Nonadmitted
$
-
(1,378,864)
(1,378,864)
e.
Subtotal Net Admitted Deferred Tax Asset (1c - 1d)
$
536,624
(6,517,993)
(5,981,369)
f.
Deferred Tax Liabilities
$
(2,138,005)
5,043,623
2,905,618
g.
Net Admitted Deferred Tax Assets /
(Net Deferred Tax Liability) (1e - 1f)
$
2,674,629
(11,561,617)
(8,886,987)
2.
12/31/2025
(1)
(2)
(3)
(Col 1 + 2)
Admission Calculation Components SSAP No. 101
Ordinary
Capital
Total
a.
Federal Income Taxes Paid In Prior Years Recoverable
Through Loss Carrybacks.
$
9,175,671
14,940,786
24,116,457
b.
Adjusted Gross Deferred Tax Assets Expected To Be Realized
(Excluding The Amount Of Deferred Tax Assets From 2(a) above)
After Application of the Threshold Limitation. (The Lesser of
2(b)1 and 2(b)2 Below)
$
974
880,229
881,203
1.
Adjusted Gross Deferred Tax Assets to be Realized Following
the Balance Sheet Date.
$
13,858,502
31,572,054
45,430,556
2.
Adjusted Gross Deferred Tax Assets Allowed per
Limitation Threshold
$
X X X
X X X
80,118,167
c.
Adjusted Gross Deferred Tax Assets (Excluding the Amount
Of Deferred Tax Assets From 2(a) and 2(b) above) Offset by
Gross Deferred Tax Liabilities.
$
4,681,856
-
4,681,856
d.
Deferred Tax Assets Admitted as the result of application of SSAP
No. 101. Total ( 2(a) + 2(b) + 2(c) )
$
13,858,502
15,821,015
29,679,517
2.
12/31/2024
(4)
(5)
(6)
(Col 4 + 5)
Admission Calculation Components SSAP No. 101
Ordinary
Capital
Total
a.
Federal Income Taxes Paid In Prior Years Recoverable
Through Loss Carrybacks.
$
8,771,106
14,953,113
23,724,219
b.
Adjusted Gross Deferred Tax Assets Expected To Be Realized
(Excluding The Amount Of Deferred Tax Assets From 2(a) above)
After Application of the Threshold Limitation. (The Lesser of
2(b)1 and 2(b)2 Below)
$
268
3,191,358
3,191,626
1.
Adjusted Gross Deferred Tax Assets to be Realized Following
the Balance Sheet Date.
$
13,321,878
26,774,245
40,096,123
2.
Adjusted Gross Deferred Tax Assets Allowed per
Limitation Threshold
$
X X X
X X X
79,464,555
c.
Adjusted Gross Deferred Tax Assets (Excluding the Amount
Of Deferred Tax Assets From 2(a) and 2(b) above) Offset by
Gross Deferred Tax Liabilities.
$
3,171,639
5,573,402
8,745,041
d.
Deferred Tax Assets Admitted as the result of application of SSAP
No. 101. Total ( 2(a) + 2(b) + 2(c) )
$
11,943,013
23,717,873
35,660,886
2.
Change
(1)
(2)
(3)
(Col 1 - 4)
(Col 2- 5)
(Col 7 + 8)
Admission Calculation Components SSAP No. 101
Ordinary
Capital
Total
a.
Federal Income Taxes Paid In Prior Years Recoverable
Through Loss Carrybacks.
$
404,565
(12,327)
392,238
b.
Adjusted Gross Deferred Tax Assets Expected To Be Realized
(Excluding The Amount Of Deferred Tax Assets From 2(a) above)
After Application of the Threshold Limitation. (The Lesser of
2(b)1 and 2(b)2 Below)
$
707
(2,311,129)
(2,310,423)
1.
Adjusted Gross Deferred Tax Assets to be Realized Following
the Balance Sheet Date.
$
536,624
4,797,809
5,334,433
2.
Adjusted Gross Deferred Tax Assets Allowed per
Limitation Threshold
$
X X X
X X X
653,611
c.
Adjusted Gross Deferred Tax Assets (Excluding the Amount
Of Deferred Tax Assets From 2(a) and 2(b) above) Offset by
Gross Deferred Tax Liabilities.
$
1,510,217
(5,573,402)
(4,063,185)
d.
Deferred Tax Assets Admitted as the result of application of SSAP
No. 101. Total ( 2(a) + 2(b) + 2(c) )
$
1,915,488
(7,896,858)
(5,981,369)
3.
12/31/2025
12/31/2024
a.
Ratio Percentage Used to Determine Recover Period
And Threshold Limitation Amount.
1.042%
2.513%
b.
Amount Of Adjusted Capital And Surplus Used To Determine
Recovery Period And Threshold Limitation In 2(b)2 Above.
$
534,121,113
529,763,703
In 2025 and 2024, the Company's ordinary adjusted gross DTAs and net admitted DTAs were not impacted by any tax planning strategies. The Company's capital adjusted gross DTAs and net admitted DTAs were impacted by tax planning strategies. The Company could utilize the tax planning strategy of selling investments with realized losses to utilize capital loss carryback before expiration and selling unaffiliated partnership investment with unrealized capital gains for future taxable income for adjusted gross deferred tax assets from a valuation allowance perspective and net admitted deferred tax assets from a SSAP 101 admissibility perspective.
NOTES TO FINANCIAL STATEMENTS12/31/2025
12/31/2024
Impact of Tax Planning Strategies
(1)
(2)
(3)
(4)
(a)
Determination of Adjusted Gross Deferred Tax
Assets and Net Admitted Deferred Tax Assets,
By Tax Character As A Percentage.
Ordinary
Capital
Ordinary
Capital
1.
Adjusted Gross DTAs Amount From Note 9A1(c)
$
13,858,502
15,821,015
13,321,878
23,717,873
2.
Percentage of Adjusted Gross DTAs By Tax
Character Attributable To The Impact of Tax Planning Strategies
0.00%
84.38%
0.00%
34.03%
3.
Net Admitted Adjusted Gross DTAs Amount from Note 9A1(e)
$
13,858,502
15,821,015
13,321,878
22,339,008
4.
Percentage of Net Admitted Adjusted Gross DTAs by Tax
Character Attributable To The Impact of Tax Planning Strategies
0.00%
5.56%
0.00%
36.13%
4.
Change
Impact of Tax Planning Strategies
(5)
(6)
(a)
Determination of Adjusted Gross Deferred Tax
Assets and Net Admitted Deferred Tax Assets,
(Col 1 - 3)
(Col 2 - 4)
By Tax Character As A Percentage.
Ordinary
Capital
1.
Adjusted Gross DTAs Amount From Note 9A1(c)
$
536,624
(7,896,858)
2.
Percentage of Adjusted Gross DTAs By Tax
Character Attributable To The Impact of Tax Planning Strategies
0.00%
50.35%
3.
Net Admitted Adjusted Gross DTAs Amount from Note 9A1(e)
$
536,624
(6,517,993)
4.
Percentage of Net Admitted Adjusted Gross DTAs by Tax
Character Attributable To The Impact of Tax Planning Strategies
0.00%
(30.57%)
(b)
Does the Company's Tax-planning Strategies include
the use of reinsurance?
NO
The Company recognized all Deferred Tax Liabilities in 2025 and 2024.
Current income taxes incurred consist of the following major components:
NOTES TO FINANCIAL STATEMENTS(1)
(2)
(3)
(Col 1 - 2)
12/31/2025
12/31/2024
Change
1.
Current Income Tax
a.
Federal………………………………………………………………………………….
$
53,467,568
45,960,383
7,507,185
b.
Foreign………………………………………………………………………………….
$
-
-
-
c.
Subtotal…………………………………………………………………………………
$
53,467,568
45,960,383
7,507,185
d.
Federal Income Tax on net capital gains…………………………………………..
$
(13,424,135)
15,084,258
(28,508,392)
e.
Utilization of capital loss carry-forwards…………………………………………….
$
-
-
-
f.
Other…………………………………………………………………………………….
$
-
-
-
g.
Federal and foreign income taxes incurred………………………………………..
$
40,043,434
61,044,641
(21,001,207)
2.
Deferred Tax Assets:
a.
Ordinary
(1)
Discounting of unpaid losses……………………………………………………….
$
1,942,061
1,908,004
34,057
(2)
Unearned premium reserve…………………………………………………………
$
-
-
-
(3)
Policyholder reserves…………………………………………………………………
$
-
-
-
(4)
Investments…………………………………………………………………………….
$
-
-
-
(5)
Deferred acquisition costs……………………………………………………………
$
-
-
-
(6)
Policyholder dividends accrual………………………………………………………
$
-
-
-
(7)
Fixed assets……………………………………………………………………………
$
3,527,274
3,768,215
(240,941)
(8)
Compensation and benefits accrual……………………………………………….
$
106,814
100,405
6,410
(9)
Pension accrual……………………………………………………………………….
$
-
2,678
(2,678)
(10)
Receivables - nonadmitted…………………………………………………………..
$
7,196,144
6,113,878
1,082,266
(11)
Net operating loss carry-forward…………………………………………………….
$
-
-
-
(12)
Tax credit carry-forward……………………………………………………………….
$
-
-
-
(13)
Other (including items <5% of total ordinary tax assets)…………………………
$
1,086,209
1,428,698
(342,489)
(99)
Subtotal…………………………………………………………………………………
$
13,858,502
13,321,878
536,624
b.
Statutory valuation allowance adjustment………………………………………….
$
-
-
-
c.
Nonadmitted……………………………………………………………………………
$
-
-
-
d.
Admitted ordinary deferred tax assets (2a99 - 2b - 2c)…………………………..
$
13,858,502
13,321,878
536,624
e.
Capital:
(1)
Investments…………………………………………………………………………….
$
31,572,054
26,774,245
4,797,809
(2)
Net capital loss carry-forward………………………………………………………..
$
-
-
-
(3)
Real estate……………………………………………………………………………..
$
-
-
-
(4)
Other (including items <5% of total capital tax assets)…………………………..
$
-
-
-
(99)
Subtotal…………………………………………………………………………………
$
31,572,054
26,774,245
4,797,809
f.
Statutory valuation allowance adjustment………………………………………….
$
15,751,039
3,056,373
12,694,667
g.
Nonadmitted……………………………………………………………………………
$
0
1,378,865
(1,378,864)
h.
Admitted capital deferred tax assets (2e99 - 2f - 2g)………………………………
$
15,821,015
22,339,008
(6,517,993)
i.
Admitted deferred tax assets (2d + 2h)……………………………………………..
$
29,679,517
35,660,886
(5,981,369)
3.
Deferred Tax Liabilities:
a.
Ordinary
(1)
Investments…………………………………………………………………………….
$
-
-
-
(2)
Fixed assets……………………………………………………………………………
$
180,823
106,288
74,535
(3)
Deferred and uncollected premium…………………………………………………
$
-
-
-
(4)
Policyholder reserves…………………………………………………………………
$
-
-
-
(5)
Other (including items <5% of total ordinary tax liabilities)………………………
$
1,031,547
3,244,087
(2,212,541)
(99)
Subtotal…………………………………………………………………………………
$
1,212,370
3,350,376
(2,138,005)
b.
Capital:
(1)
Investments…………………………………………………………………………….
$
13,629,647
8,586,023
5,043,623
(2)
Real Estate……………………………………………………………………………..
$
-
-
-
(3)
Other (including items <5% of total capital tax liabilities)………………………..
$
-
-
-
(99)
Subtotal…………………………………………………………………………………
$
13,629,647
8,586,023
5,043,623
c.
Deferred tax liabilities (3a99 + 3b99)……………………………………………….
$
14,842,017
11,936,399
2,905,618
4.
Net deferred tax assets/liabilities (2i - 3c)………………………………………….
$
14,837,500
23,724,487
(8,886,987)
Reconciliation of Federal Income Tax Rate to Effective Tax Rate Among the more significant book to tax adjustments were the following:
12/31/2025
12/31/2024
Gross
Tax Effect
Tax Effect
Income before taxes
198,633,672
41,713,071
61,475,114
Tax exempt income deduction
-
-
-
Dividends received deduction
(6,434,773)
(1,351,302)
(1,078,244)
Change in non admitted assets
(5,153,646)
(1,082,266)
1,354,915
Partnership
21,735,031
4,564,356
6,835,736
Unrealized Gain/Loss
(21,822,111)
(4,582,643)
(9,063,784)
Valuation Allowance - Capital Loss
60,450,794
12,694,667
(9,802,283)
Other, including prior year true-up
(10,458,653)
(2,196,317)
(277,340)
Other non deductible adjustments
2,617,710
549,719
591,596
Totals
239,568,023
50,309,286
50,035,712
Federal income taxes incurred
53,467,568
45,960,383
Realized capital gains tax
(13,424,135)
15,084,258
Change in net deferred income taxes
10,265,851
(11,008,931)
Total statutory income taxes
50,309,286
50,035,712
The amount of Federal income taxes incurred and available for recoupment in the event of future net losses is:
2025
53,666,423
2024
61,036,406
2023
0
There were no deposits admitted under IRC Section 6603.
There were no adjustments to deferred tax assets or deferred tax liabilities for enacted changes in tax laws or a change in the status of the Company.
Management asserts that based on the facts and circumstances from all available evidence, both positive and negative, under the guidance of SSAP 101 and the consideration of the four sources of taxable income (future reversals of existing taxable temporary differences, future taxable income exclusive of reversing temporary differences, taxable income in carryback years if carryback is permitted under the tax law, and tax-planning strategies), that due to changes in the market conditions, including change in interest rates, a valuation allowance is necessary on deferred tax assets related to net unrealized capital losses and investment impairments in 2025 and 2024. Otherwise, it is more likely than not that the tax benefit of the Company's gross deferred tax assets as of December 31, 2025 and December 31, 2024 will be realized.
Due to market conditions, a valuation allowance was recorded on the gross deferred tax assets related to net unrealized capital losses and investment impairments in 2025 and 2024. There were no other adjustments to gross deferred tax assets because of a change in circumstances that caused a change in judgment about the realizability of the related deferred tax assets as of December 31, 2025 and December 31, 2024.
The Company has no capital loss or operating loss carryforwards available for tax purposes in the tax years 2025 and 2024.
NOTES TO FINANCIAL STATEMENTSThe Company is included in a consolidated federal income tax return with its parent company, Fidelity National Financial, Inc (FNFI). The Company has a written agreement, approved by the Company's Board of Directors, which sets forth the manner in which the total combined federal income tax is allocated to each entity that is a party to the consolidation. Pursuant to this agreement, the Company computes its tax as though the Company pays tax on a stand alone basis except that the Company is reimbursed for losses generated that can be used in the consolidated FNFI return. For complete list of names of the entities with whom the Company's federal income tax return is consolidated for the current year and prior year, see the Company's 2025 Annual Statement and 2024 Annual Statement, respectively.
The Inflation Reduction Act created the corporate alternative minimum tax (CAMT), which imposes a 15% minimum tax on the adjusted financial statement income of large corporations for taxable years beginning after December 31, 2022. The Company is an applicable corporation subject to CAMT, but has not incurred a CAMT liability to date.
The Internal Revenue Service (IRS) has selected FNFI to participate in the Compliance Assurance Program (CAP) that is a real-time audit. The IRS has completed its examination of FNFI's tax returns for tax years through December 31, 2024, which resulted in no material adverse changes to any member of the FNF consolidated group. The IRS is currently reviewing the 2025 tax year and management believes the ultimate resolution of the examination will not result in a material adverse effect to our financial position or results of operations. FNFI was moved into the Bridge Plus phase of the CAP program. There will be some level of review by the IRS and a closing letter will be provided.
Repatriation Transition Tax (RTT) - Not applicable.
Alternative Minimum Tax (AMT) Credits - Not applicable.
Information Concerning Parent, Subsidiaries, Affiliates and Other Related Parties:
The Company is a member of a holding company group, as disclosed on Schedule Y Part 1 (the Chart) of this Statement.
A summary of material transactions between the Company and its parent, subsidiaries and affiliates is disclosed on Schedule Y Part 2 of the Annual Statement.
Dividends paid by the Company to its parent during 2025 and 2024 were as follows:
12/05/2025
$ 32,923,499
Cash
09/24/2025
32,923,499
Cash
06/27/2025
57,923,499
Cash
03/25/2025
57,923,499
Cash
$ 181,693,996
12/06/2024
$ 44,984,072
Cash
09/27/2024
44,984,074
Cash
06/21/2024
44,984,074
Cash
03/22/2024
44,984,074
Cash
$ 179,936,294
During 2025 and 2024, the Company invested $1,195,939 and $3,500,425, respectively, in TTCP Fund II, LP, a private equity fund.
During 2025 and 2024, the Company invested $2,741,018 and $3,817,789, respectively, in TTCP Fund III, LP, a private equity fund.
On January 1, 2023, the Company entered into a Promissory Note to loan Property Insight, LLC the principal amount of $45,000,000, for a fixed interest rate at 6% on a 10-year term with a total of 40 quarterly payments. Property Insight, LLC unconditionally promises to pay the Company the principal amount of $45,000,000, together with all accrued interest, per the terms as provided in the Promissory Note. During 2025 and 2024, the Company received
$3,811,845 and $4,440,122, respectively, in principal payments and $2,226,439 and $2,456,602, respectively, in interest payments from Property Insight, LLC.
The dollar amount of these transactions is disclosed on Schedule Y Part 2 of the Annual Statement.
Transactions with related parties who are not reported on Schedule Y of the Annual Statement - Not applicable.
At December 31, 2025 and December 31, 2024, the Company had a receivable from the parent and/or other related parties totaling $12,729,530 and $0, respectively, and a payable to the parent and/or other related parties of $0 and
$30,724,569 respectively. Intercompany balances are generally settled on a monthly basis.
The Company is party to a Tax Sharing Agreement (the "TSA"), dated April 29, 2021, among the Company, FNF and affiliates, and its First Amendment to the Tax Sharing Agreement (the "First Amendment"), dated November 3, 2021. The TSA replaces the prior tax sharing agreement, dated December 21, 2012, and its First Amendment dated January 2, 2014. The TSA promotes corporate efficiencies through a single agreement encompassing all parties listed in the agreement and the Form 851, which is updated annually. The TSA incorporates state-specific provisions, previously incorporated through addendum, applicable to those parties domesticated in New York and Texas. The purpose of the First Amendment was to add Rocky Mountain Insurance Company, a Vermont domiciled insurance company, as a party.
NOTES TO FINANCIAL STATEMENTSThe Company entered into a Second Amended and Restated Master Services Agreement ("MSA") on November 15, 2021 by and between the Company, FNF and affiliates. The MSA provides for the efficient coordination of administrative functions and helps avoid unnecessarily duplication of operations. The purpose of the amendment was to add Rocky Mountain Insurance Company, a Vermont domiciled insurance company, as a party, to include additional services rendered under Section 1.B (General Corporate Services) and to modify Schedule A to reflect those Non-Insurer Subsidiaries included in the Form 851, as updated annually. This MSA replaces the Amended and Restated Master Services Agreement dated May 4, 2017.
The Company is party to an Amended and Restated Allocation Agreement relative to Excess of Loss Program, dated May 1, 2017, by and between the Company, FNF and affiliates. The Amended and Restated Allocation Agreement, provides for FNF, as the ultimate parent of all parties, to negotiate, enter into, and administer on behalf of the parties, contracts of reinsurance providing excess of loss reinsurance coverage. The Company received non-disapproval for the incorporation of updated schedules containing a list of non-insurer subsidiaries and excess of loss reinsurance contracts on April 9, 2025. Throughout 2025 and 2024, FNF was party to the following excess of loss reinsurance contracts, entered into through Guy Carpenter & Company, LLC and Willis Re Inc. as Intermediaries (collectively, the "Reinsurance Contracts"): First Excess of Loss Reinsurance Contract, Second Excess of Loss Reinsurance Contract, Third Excess of Loss Reinsurance Contract and Fourth Excess of Loss Reinsurance Contract.
The Company is party to an Amended and Restated Support Services Cost Sharing Agreement dated April 28, 2017 among the Company and other affiliates, whereby the Company performs certain non-core support functions for the parties, and allocates costs on a pass-through basis.
The Company is party to a Second Amended and Restated Cost Sharing Agreement dated ("CSA") dated April 9, 2018, which amended the Amended and Restated Cost Sharing Agreement dated April 28. 2017. On or about January 1, 2017, FNF UTC, LLC, a California limited liability company, FNTG Holdings, LLC, a Delaware limited liability company, Black Knight Data & Analytics, LLC, a Delaware limited liability company, and Property Insights, LLC, a Delaware limited liability company, entered into a certain Master Reorganization Agreement amending, restating and reorganizing, in pertinent part, the performance of the parties under the Maintenance Agreement and Access Agreement of the CSA. Therefore, the CSA was updated to accommodate same.
The Company is party to a Cost Sharing and Services Agreement ("CSSA") dated October 1, 2024. The CSSA replaced the Second Amended and Restated Cost Sharing Agreement dated April 9, 2018, only with respect to Property Insight's performance of services such as title plant maintenance and access, and the allocation of costs and fees associated with such services.
The Company is party to a Custodial Agreement dated July 22, 2019 with Chicago Title and Trust Company, Inc. This agreement provides for Chicago Title and Trust Company, Inc. to provide trust and related services to customers.
Guarantees or undertakings for the benefit of an affiliate or related party - Not applicable.
Fidelity National Title Group, Inc (FNTG), a Delaware corporation, owns 100% of the outstanding shares of the Company.
The Company owns no shares of stock of its ultimate parent.
The Company owns no shares of affiliated common stocks which exceed 10% of the admitted assets of the Company.
Impairment write downs - There was no impairments recognized in 2025 and 2024 on other invested assets.
Foreign insurance company subsidiaries - Not applicable.
The Company does not utilize the look-through approach for the valuation of downstream non-insurance holding companies.
All Subsidiary, Controlled or Affiliated (SCA) investments (except investments in insurance SCA entities):
NOTES TO FINANCIAL STATEMENTS(1) Balance Sheet Value (Admitted and Nonadmitted) All SCAs (Except 8bi Entities)
SCA Entity
Percentage of
SCA Ownership
Gross Amount
Admitted
Amount
Nonadmitted
Amount
a. SSAP No. 97 8a Entities
F&G Annuities & Life ORD
0.09%
$ 2,615,817
$ 2,615,817
$ -
Total SSAP No. 97 8a Entities
XXX
$ 2,615,817
$ 2,615,817
$ -
(2) NAIC Filing Response Information
SCA Entity
Type of NAIC Filing*
Date of Filing to the NAIC
NAIC Valuation Amount
NAIC Response Received Y/N
NAIC Disallowed Entities Valuation Method, Resubmission
Required Y/N
Code**
a. SSAP No. 97 8a Entities
F&G Annuities & Life ORD
S2
8/28/2025
$ 3,354,195
Y
N
M
Total SSAP No. 97 8a Entities
XXX
XXX
$ 3,354,195
XXX
XXX
XXX
* S1 - Sub-1, S2 - Sub-2 or RDF - Resubmission of Disallowed Filing
** I - Immaterial or M - Material
Insurance SCA investments for which the audited statutory equity reflects a departure from NAIC SAP:
There are no differences for Title Reinsurance Company's net income and surplus as regards policyholders
between NAIC SAP and practices prescribed by the state of Vermont.
The monetary effect on net income and surplus as a result of using an accounting practice that differed from NAIC SAP, the amount of the investment in the insurance SCA per audited statutory equity and amount of the investment if the insurance SCA had completed statutory financial statements in accordance with the AP&P Manual.
Monetary Effect on
Amount of
NAIC SAP
Investment
If the Insurance
Net Income
Surplus
Per Audited
SCA Had Completed
SCA Entity
Increase
Increase
Statutory
Statutory
(Investments in Insurance SCA Entities)
(Decrease)
(Decrease)
Equity
Financial Statements *
Title Reinsurance Company
$ -
$ -
$ 2,061,672
$ 2,061,672
*Per AP&P Manual (without permitted or prescribed practices)
RBC of the insurance SCA reported in Note 10 N(2) - Not applicable.
SCA and SSAP No. 48 Entity Loss Tracking- Not applicable.
Debt:
Debt - None.
FHLB Agreements - None.
Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other Postretirement Benefit Plans:
Defined Benefit Plan - None.
Investment Policies and Strategies - Not applicable.
Fair Value of Plan Assets - Not applicable.
Expected Long-term Rate of Return - Not applicable.
Defined Contribution Plan - None.
Multi-employer Plan - None.
Consolidated Holding Company Plans - The Company's employees are covered under a qualified voluntary contributory savings plan ("401(k) Plan") sponsored by FNF. Under the plan, participating employees make contributions of up to 40% from pre-tax annual compensation, up to the amount allowed pursuant to the Internal Revenue Code, into individual accounts that are generally not available until the employee reaches age 59 ½. The Company, at its discretion, matches participants' contributions. Matching contributions of $3,554,782 and $3,154,821 were made in 2025 and 2024.
The Company's employees are covered to participate in an Employee Stock Purchase Plan ("ESPP"). Under this plan, eligible employees may voluntarily purchase, at current market prices, shares of FNF's common stock through payroll deduction. Pursuant to the ESPP Plans, employees may contribute an amount between 3% and 15% of their base salary and certain commissions. The Company contributes varying amounts as specified in the ESPP Plan. The Company's cost of its employer matching contributions for the years 2025 and 2024 were $3,046,080 and
$2,797,201, respectively.
Certain Company officers are participants in the 2005 Omnibus Incentive Plan (the "Plan") sponsored by FNF. Options granted under the Plan expire within a specified period from the grant date. The Plan provides for the grant of stock options, stock appreciation rights, restricted stock, and other cash and stock-based awards and dividend equivalents. There is no material effect on the Company's financial statements as a result of the creation of these Plans.
Postemployment Benefits and Compensated Absences- Not applicable.
Impact of Medicare Modernization Act on Postretirement Benefits - Not applicable.
Capital and Surplus, Dividend Restrictions and Quasi-Reorganizations:
The Company has 5,000,000 shares of common stock authorized, 447,835 shares issued and outstanding, $100 par value.
The Company has no preferred stock outstanding.
NOTES TO FINANCIAL STATEMENTSDividend restrictions - The maximum amount of dividends which can be paid by State of Florida Insurance companies to shareholders without prior approval of the Insurance Commissioner, is subject to restrictions relating to statutory surplus. For 2026, the maximum amount that may be paid without prior regulatory approval is
$158,590,241.
The See Note 10(B) "Information Concerning Parent, Subsidiaries and Affiliates" for dividends paid.
Within the limitations of (C) above, there are no restrictions placed on the portion of Company profits that may be paid as ordinary dividends to stockholders.
The Company has no restrictions placed on unassigned funds (surplus).
Advances to surplus not repaid - Not applicable.
The Company holds no stock for any option or employee benefit plans.
Changes in balances of special surplus funds - Not applicable.
The portion of unassigned funds (surplus) represented or reduced by cumulative unrealized gains and losses is ($116,906,799).
Surplus Notes - Not applicable.
Impact of the restatement in quasi-reorganization - Not applicable.
The effective date of quasi-reorganization - Not applicable.
Liabilities, Contingencies and Assessments:
Contingent Commitments - During the second quarter of 2018, the Company entered into a subscription agreement with a maximum commitment of $28,546,000 with a private equity fund organized to make investments primarily in health care related sectors. Through December 31, 2025, the Company's commitment for additional funding is
$2,485,388.
During the second quarter of 2022, the Company entered into a subscription agreement with a maximum commitment of $20,000,000 with a private equity fund organized to make investments primarily in health care related sectors. Through December 31, 2025, the Company's commitment for additional funding is $7,316,897.
Assessments - Not applicable.
Gain Contingencies - None.
Claims Related Extra Contractual Obligations and Bad Faith Losses Stemming From Lawsuits:
The Company paid the following amounts in the reporting period to settle claims related extra contractual obligations or bad faith claims stemming from lawsuits:
Claims related ECO and bad faith losses paid during 2025:
Direct
$0
Number of claims where amounts were paid to settle claims related to extra contractual obligations or bad faith claims resulting from lawsuits during 2025:
A | B | C | D | E |
0-25 Claims | 26-50 Claims | 51-100 Claims | 101-500 Claims | More than 500 Claims |
X |
Claim count information is disclosed on a per claim basis.
Joint and Several Liabilities - Not applicable.
All Other Contingencies:
In the ordinary course of business, we are involved in various pending and threatened litigation matters related to our operations, some of which include claims for punitive or exemplary damages. This customary litigation includes but is not limited to a wide variety of cases arising out of or related to title and escrow claims, for which we make provisions through our loss reserves. Additionally, like other insurance companies, our ordinary course litigation includes a number of class action and purported class action lawsuits, which make allegations related to aspects of our insurance operations. We believe that no actions depart from customary litigation incidental to our business.
NOTES TO FINANCIAL STATEMENTSWe review lawsuits and other legal and regulatory matters (collectively "legal proceedings") on an ongoing basis when making accrual and disclosure decisions. When assessing reasonably possible and probable outcomes, management bases its decision on its assessment of the ultimate outcome assuming all appeals have been exhausted. For legal proceedings in which it has been determined that a loss is both probable and reasonably estimable, a liability based on known facts and which represents our best estimate has been recorded. None of the amounts we have currently recorded are considered to be material to our financial condition individually or in the aggregate. Actual losses may materially differ from the amounts recorded and the ultimate outcome of our pending legal proceedings is generally not yet determinable. While some of these matters could be material to our operating results or cash flows for any particular period if an unfavorable outcome results, at present we do not believe that the ultimate resolution of currently pending legal proceedings, either individually or in the aggregate, will have a material adverse effect on our financial condition.
From time to time, we receive inquiries and requests for information from state insurance departments, attorneys general and other regulatory agencies about various matters relating to our business. Sometimes these take the form of civil investigative demands or subpoenas. We cooperate with all such inquiries and we have responded to or are currently responding to inquiries from multiple governmental agencies. Also, regulators and courts have been dealing with issues arising from foreclosures and related processes and documentation. Various governmental entities are studying the title insurance product, market, pricing, and business practices, and potential regulatory and legislative changes, which may materially affect our business and operations. From time to time, we are assessed fines for violations of regulations or other matters or enter into settlements with such authorities, which may require us to pay fines or claims or take other actions. We do not anticipate such fines and settlements, either individually or in the aggregate, will have a material adverse effect on our financial condition.
Leases:
The Company is a party to a number of long-term non-cancelable operating leases for certain facilities, furniture and equipment which expire at various times through 2031. Rental expense for 2025 and 2024 was approximately
$7,393,640 and $7,240,351, respectively. At December 31, 2025, the minimum rental commitments under all such leases with initial or remaining terms of more than one year, exclusive of any additional amounts that may become due under escalation clauses, are:
2026
$ 10,548,683
2027
9,944,899
2028
8,654,522
2029
6,615,742
2030
2,381,960
2031 & thereafter
154,104
$ 38,299,910
The above schedule represents leases to which the Company is a party and is not inclusive of rental expense allocated to or by other related parties, based on actual usage. The Company is not involved in sale - leaseback transactions.
Not applicable.
Information About Financial Instruments With Off Balance Sheet Risk and Financial Instruments With Concentrations of Credit Risk:
None.
Sale, Transfer, and Servicing of Financial Assets and Extinguishments of Liabilities:
Transfer of Receivables Reported as Sales - Not applicable.
Transfer and Servicing of Financial Assets - Not applicable.
Wash Sales - None.
Gains or Loss to the Reporting Entity from Uninsured Plans and the Uninsured Portion of Partially Insured Plans:
Not applicable.
Direct Premium Written/Produced by Managing General Agents/Third Party Administrators:
Not applicable.
Fair Value Measurements:
Valuation Techniques for Fair Value Measurements
The Company's Level 1 fair value measures are based on unadjusted quoted prices for identical assets or liabilities in an
active market that we have the ability to access.
NOTES TO FINANCIAL STATEMENTSThe Company's Level 2 fair value measures for bonds and preferred stocks are provided by third-party pricing services. The Company utilizes one firm for the taxable bond and preferred stock portfolio and another for the tax-exempt bond portfolio. These pricing services are leading global providers of financial market data, analytics and related services to financial institutions. The Company relies on one price for each instrument to determine the fair value. The inputs utilized in these pricing methodologies include observable measures such as benchmark yields, reported trades, broker dealer quotes, issuer spreads, two sided markets, benchmark securities, bids, offers and reference data including market research publications. The Company reviews the pricing methodologies for all Level 2 securities by obtaining an understanding of the valuation models and assumptions used by the third-party as well as independently comparing the resulting prices to other publicly available measures of fair value and internally developed models. The pricing methodologies used by the relevant third party pricing services are:
U.S. government and government agencies: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers.
States, territories, possessions, political subdivisions, special revenue and special assessment obligations: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers.
Factors considered include relevant trade information, dealer quotes and other relevant market data.
Industrial and miscellaneous: These securities are valued based on dealer quotes and related market trading activity. Factors considered include the bond's yield, its terms and conditions, or any other feature which may influence its risk and thus marketability, as well as relative credit information and relevant sector news.
Parent, subsidiaries and affiliates: These securities are valued based on dealer quotes and related market trading activity. Factors considered include the bond's yield, its terms and conditions, or any other feature which may influence its risk and thus marketability, as well as relative credit information and relevant sector news.
Foreign government bonds: These securities are valued based on a discounted cash flow model incorporating observable market inputs such as available broker quotes and yields of comparable securities.
Mortgage-backed/asset-backed securities: These securities are comprised of commercial mortgage-backed securities, agency mortgage-backed securities, collateralized mortgage obligations, and asset-backed securities. They are valued based on available trade information, dealer quotes, cash flows, relevant indices and market data for similar assets in active markets.
Preferred stocks: These securities are valued by calculating the appropriate spread over a comparable U.S. Treasury security. Inputs include benchmark quotes and other relevant market data.
The Level 3 preferred stocks represents shares of preferred stocks, and the fair value was determined utilizing the income approach. The primary unobservable input utilized in this pricing methodology is the discount rate used which is determined based on underwriting yield, credit spreads, yields on benchmark indices, and comparable public company debt.
The Level 3 common stocks represents shares of common stocks, and the fair values are determined by reference to projected net earnings, earnings before interest, taxes, depreciation and amortization (EBITDA), the discounted cash flow method, public market or private transactions, valuations for comparable companies and other measures which, in many cases, are unaudited at the time received. Valuations may be derived by reference to observable valuation measures for comparable companies or transactions (e.g., multiplying a key performance metric of the investee company such as EBITDA by a relevant valuation multiple observed in the range of comparable companies or transactions), adjusted by management for differences between the investment and the referenced comparables, and in some instances by reference to option pricing models or other similar methods.
The Level 3 bonds are valued by utilizing the income approach and discounted cash flows analysis. The primary unobservable input utilized in this pricing methodology is the discount rate used which is determined based on underwriting yield, credit spreads, yields on benchmark indices, and comparable public company debt.
(1) Assets Measured and Reported at Fair Value
Description Level 1 Level 2 Level 3
(a) Assets at fair value Perpetual preferred stock
Net Asset
Value (NAV) Total
Industrial and miscellaneous $ 19,411,008 $ 53,539,300 $ - $ - $ 72,950,308
Bonds
Issuer credit obligations 4,579,800 4,026,721 6,590,269 - 15,196,790
Common stock - unaffiliated
Industrial and miscellaneous 185,904,242 9,000 11,186,537 21,513,159 218,612,938
Total $ 209,895,050 $ 57,575,021 $ 17,776,806 $ 21,513,159 $ 306,760,036
NOTES TO FINANCIAL STATEMENTS(2)
Reconciliation of Level 3 Asset Balances:
Issuer Credit Obligations
Common Stock
Total
Level 3 balance, at December 31, 2024
$ 2,967,716
$ 8,874,297
$ 11,842,013
Transfers in
2,838,181
-
2,838,181
Sales
(27,492)
-
(27,492)
Purchases
1,768,213
85,008
1,853,221
Unrealized gain/(loss) reported in surplus as regards policyholders (956,349) 2,227,232 1,270,883 Level 3 balance, at December 31, 2025 $ 6,590,269 $ 11,186,537 $ 17,776,806
Not applicable.
Fair Value Measurements
Not
Practicable
Type of Financial Instrument
Aggregate Fair Value
Admitted Assets
Level 1
Level 2
Level 3
Net Asset Value (NAV)
(Carrying Value)
Issuer credit obligations
$ 494,674,324
$ 493,724,219
$ 138,468,058
$ 344,080,781
$ 12,125,485
$ -
$ -
Asset-backed securities
25,742,205
26,089,163
-
25,742,205
-
-
-
Common stock - unaffiliated
218,612,938
218,612,938
185,904,242
9,000
11,186,537
21,513,159
-
Perpetual preferred stocks
72,950,308
72,950,311
19,411,008
53,539,300
-
-
-
Redeemable preferred stocks
3,500,000
3,413,218
-
-
3,500,000
-
-
Mortgage loans
76,421
76,421
-
-
76,421
-
-
Total
$ 815,556,196
$ 814,866,270
$ 343,783,308
$ 423,371,286
$ 26,888,443
$ 21,513,159
$ -
Not Practicable to Determine Fair Value - Not applicable.
Investments measured using Net Asset Value (NAV): The Company holds NAV of $21,513,159 in mandatorily redeemable Class E shares in JPM Real Estate Income Trust, Inc.
Other Items:
Unusual or Infrequent Items - None.
Troubled Debt Restructuring: Debtors - None.
Other Disclosures:
In conducting its operations, the Company routinely holds customers' assets in trust, pending completion of real estate transactions. Such amounts are maintained in segregated bank accounts and have not been included in the accompanying statutory financial statements. At December 31, 2025 and December 31, 2024, the Company held approximately $1,737,873,206 and $1,678,188,606, respectively, of such assets in trust and has a contingent liability relating to the proper disposition of these assets for its customers.
Business Interruption Insurance Recoveries - Not applicable.
State and Federal Tax Credits - None.
Subprime-Mortgage-Related Risk Exposure:
The subprime lending sector, also referred to as B-paper, near-prime, or second chance lending, is the sector of the mortgage lending industry which lends to borrowers who do not qualify for prime market interest rates because of poor or insufficient credit history. The term also refers to paper taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and certain types of self-employed individuals. Instability in the domestic and international credit markets due to problems in the subprime sector dictates the need for additional information related to exposure to subprime mortgage related risk.
For purposes of this disclosure, subprime exposure is defined as the potential for financial loss through direct investment, indirect investment, or underwriting risk associated with risk from the subprime lending sector. For purposes of this note, subprime exposure is not limited solely to the risk associated with holding direct mortgage loans, but also includes any indirect risk through investments in debt securities, asset backed or structured securities, hedge funds, common stock, subsidiaries and affiliates, and insurance product issuance. Although it can be difficult to determine the indirect risk exposures, it should be noted that not only does it include expected losses; it also includes the potential for losses that could occur due to significantly depressed fair value of the related assets in an illiquid market.
As it relates to the exposure described above, the following information is disclosed:
Direct exposure through investments in subprime mortgage loans - None.
Direct exposure through other investments- None.
Underwriting exposure to subprime mortgage risk - None.
Insurance-Linked Securities (ILS) Contracts - No exposure.
NOTES TO FINANCIAL STATEMENTSThe Amount That Could Be Realized on Life Insurance Where the Company is Owner and Beneficiary or Has Otherwise Obtained Rights to Control the Policy - Not applicable.
Events Subsequent:
Subsequent events have been considered through February 20, 2026, for the statutory statement issued on February 26, 2026.
Type I Recognized Subsequent Events - None.
Type II Non-Recognized Subsequent Events - None.
Reinsurance:
Unsecured Reinsurance Recoverable
The Company does not have an unsecured aggregate recoverable with any individual reinsurers, authorize or
unauthorized, which exceeds 3% of the Company's surplus as regards policyholders.
Reinsurance Recoverable in Dispute - None.
Reinsurance Assumed and Ceded - Not applicable.
Uncollectible Reinsurance - None.
Commutation of Ceded Reinsurance - None.
Retroactive Reinsurance - None.
Reinsurance Accounted for as Deposit - None.
Certified Reinsurer Rating Downgraded or Status Subject to Revocation - None.
Retrospectively Rated Contracts & Contract Subject to Redetermination:
Not applicable.
Change in Incurred Losses and Loss Adjustment Expenses:
Known claims reserves as of December 31, 2024 were $77.9 million. As of December 31, 2025, $72.8 million has been paid for incurred losses and loss adjustment expenses attributable to insured events of prior years. Reserves remaining for prior years are now $59.1 million as a result of re-estimation of unpaid claims and claim adjustment expenses. Therefore, there has been a $54.0 million unfavorable (favorable) prior-year development since December 31, 2024. The increase (decrease) is generally the result of ongoing analysis of recent loss development trends. Original estimates are increased or decreased as additional information becomes known regarding individual claims.
There were no significant changes in methodologies and assumptions used in calculating the liability for unpaid claims and claim adjustment expense.
Inter-company Pooling Arrangements:
None.
Structured Settlements:
None.
Supplemental Reserves:
None.
GENERAL INTERROGATORIESPART 1 - COMMON INTERROGATORIES GENERAL
Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated
persons, one or more of which is an insurer? Yes [ X ] No [ ]
If yes, complete Schedule Y, Parts 1, 1A, 2 and 3
If yes, did the reporting entity register and file with its domiciliary State Insurance Commissioner, Director or Superintendent or with such regulatory official of the state of domicile of the principal insurer in the Holding Company System, a registration statement providing disclosure substantially similar to the standards adopted by the National Association of Insurance Commissioners (NAIC) in its Model Insurance Holding Company System Regulatory Act and model regulations pertaining thereto, or is the reporting entity subject to standards and disclosure requirements
substantially similar to those required by such Act and regulations? Yes [ X ] No [ ] N/A [ ]
State Regulating? Florida
Is the reporting entity publicly traded or a member of a publicly traded group? Yes [ X ] No [ ]
If the response to 1.4 is yes, provide the CIK (Central Index Key) code issued by the SEC for the entity/group. 0001331875
Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of
settlement of the reporting entity? Yes [ ] No [ X ]
If yes, date of change:
State as of what date the latest financial examination of the reporting entity was made or is being made. 12/31/2023
State the as of date that the latest financial examination report became available from either the state of domicile or the reporting entity. This date should be the date of the examined balance sheet and not the date the report was
completed or released. 12/31/2023
State as of what date the latest financial examination report became available to other states or the public from either the state of domicile or the reporting entity. This is the release date or completion date of the examination report and
not the date of the examination (balance sheet date). 06/12/2025
By what department or departments?
lo. r. id. a. .O.ff.ic. e. o. f. I.ns. u. r.a.n.ce. .R.e.g.u.la.ti.o.n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Have all financial statement adjustments within the latest financial examination report been accounted for in a
subsequent financial statement filed with departments? Yes [ X ] No [ ] N/A [ ]
Have all of the recommendations within the latest financial examination report been complied with? Yes [ X ] No [ ] N/A [ ]
During the period covered by this statement, did any agent, broker, sales representative, non-affiliated sales/service organization or any combination thereof under common control (other than salaried employees of the
reporting entity) receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of:
4.11 sales of new business? Yes [ ] No [ X ]
4.12 renewals? Yes [ ] No [ X ]
During the period covered by this statement, did any sales/service organization owned in whole or in part by the reporting entity or an affiliate, receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of:
4.21 sales of new business? Yes [ ] No [ X ]
4.22 renewals? Yes [ ] No [ X ]
Has the reporting entity been a party to a merger or consolidation during the period covered by this statement? Yes [ ] No [ X ] If yes, complete and file the merger history data file with the NAIC.
GENERAL INTERROGATORIESIf yes, provide the name of the entity, NAIC Company Code, and state of domicile (use two letter state abbreviation) for any entity that has ceased to exist as a result of the merger or consolidation.
1
Name of Entity
2
NAIC Company Code
3
State of Domicile
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Has the reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration,
if applicable) suspended or revoked by any governmental entity during the reporting period? Yes [ ] No [ X ]
If yes, give full information:
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Does any foreign (non-United States) person or entity directly or indirectly control 10% or more of the reporting entity? Yes [ ] No [ X ]
If yes,
State the percentage of foreign control. 0.00 %
State the nationality(s) of the foreign person(s) or entity(s); or if the entity is a mutual or reciprocal, the nationality of its manager or attorney-in-fact and identify the type of entity(s) (e.g., individual, corporation, government, manager or attorney-in-fact).
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Nationality
2
Type of Entity
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Is the company a subsidiary of a depository institution holding company (DIHC) or a DIHC itself, regulated by Yes [ ] No [ X ] the Federal Reserve Board?
If response to 8.1 is yes, please identify the name of the DIHC.
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Is the company affiliated with one or more banks, thrifts or securities firms? Yes [ ] No [ X ]
If response to 8.3 is yes, please provide the names and locations (city and state of the main office) of any
affiliates regulated by a federal financial regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC)] and identify the affiliate's primary federal regulator.
1
Affiliate Name
2
Location (City, State)
3
FRB
4
OCC
5
FDIC
6
SEC
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Is the reporting entity a depository institution holding company with significant insurance operations as defined by Yes [ ] No [ X ] the Board of Governors of Federal Reserve System or a subsidiary of the depository institution holding company?
If response to 8.5 is no, is the reporting entity a company or subsidiary of a company that has otherwise been Yes [ ] No [ X ] N/A [ ] made subject to the Federal Reserve Board's capital rule?
9. What is the name and address of the independent certified public accountant or accounting firm retained to conduct the annual audit?
E. r.n.st. &. . Y. o. u.n.g. L. L. P. ,.1.1.1.0. M. a. r.k.et. S. t. re. e. t., .S.u.ite. .2.1.6., C. .ha. t.ta. n. o. o. g.a., .T.N., .3.7.45. 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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GENERAL INTERROGATORIESHas the insurer been granted any exemptions to the prohibited non-audit services provided by the certified independent public accountant requirements as allowed in Section 7H of the Annual Financial Reporting Model Regulation (Model
Audit Rule), or substantially similar state law or regulation? Yes [ ] No [ X ]
If response to 10.1 is yes, provide information related to this exemption:
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Has the insurer been granted any exemptions related to the other requirements of the Annual Financial Reporting
Model Regulation as allowed for in Section 18A of the Model Regulation, or substantially similar state law or regulation? Yes [ ] No [ X ]
If response to 10.3 is yes, provide information related to this exemption:
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Has the reporting entity established an Audit Committee in compliance with the domiciliary state insurance laws? Yes [ X ] No [ ] N/A [ ]
If the response to 10.5 is no or n/a, please explain.
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11. What is the name, address and affiliation (officer/employee of the reporting entity or actuary/consultant associated with an actuarial consulting firm) of the individual providing the statement of actuarial opinion/certification?
J. o.h.n. R. .. K. r.y.cz. k. a. ,. M. a. n. a. g.in. g. .D.ir.ec. t.o.r,. P. r.ic. e.w. a.te. r.h.o.us. e. C. o. o. p. e. r.s .L.L.P., .1. W. .ac. k. e. r. D. r..,. C. h. ic. a. g. o. ,.IL. .6.0.60. 6. . . . . . . . . . . . . . . . . . . .
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Does the reporting entity own any securities of a real estate holding company or otherwise hold real estate indirectly? Yes [ X ] No [ ]
Name of real estate holding company Newport 180 Spark LP
Number of parcels involved 2
Total book/adjusted carrying value $ 1,500,000
If yes, provide explanation:
e. w. p. o. r.t .1.80. .S. p.a.rk. .LP. . h.o.ld. s. t.w. o. r.e.ta. il. p. r.o.p.er. ti.e.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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FOR UNITED STATES BRANCHES OF ALIEN REPORTING ENTITIES ONLY:
What changes have been made during the year in the United States manager or the United States trustees of the reporting entity?
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Does this statement contain all business transacted for the reporting entity through its United States Branch on
risks wherever located? Yes [ ] No [ X ]
Have there been any changes made to any of the trust indentures during the year? Yes [ ] No [ X ]
If answer to (13.3) is yes, has the domiciliary or entry state approved the changes? Yes [ ] No [ ] N/A [ X ]
Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions) of the reporting entity subject to a code of ethics, which includes the following standards?
Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;
Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity;
Compliance with applicable governmental laws, rules, and regulations;
The prompt internal reporting of violations to an appropriate person or persons identified in the code; and
Accountability for adherence to the code. Yes [ X ] No [ ]
14.11 If the response to 14.1 is no, please explain:
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Has the code of ethics for senior managers been amended? Yes [ ] No [ X ]
14.21 If the response to 14.2 is yes, provide information related to amendment(s).
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Have any provisions of the code of ethics been waived for any of the specified officers? Yes [ ] No [ X ]
14.31 If the response to 14.3 is yes, provide the nature of any waiver(s).
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Is the reporting entity the beneficiary of a Letter of Credit that is unrelated to reinsurance where the issuing or
confirming bank is not on the SVO Bank List? Yes [ ] No [ X ]
If the response to 15.1 is yes, indicate the American Bankers Association (ABA) Routing Number and the name of the issuing or confirming bank of the Letter of Credit and describe the circumstances in which the Letter of Credit
is triggered.
1
American Bankers Association
(ABA) Routing Number
2
Issuing or Confirming Bank Name
3
Circumstances That Can Trigger the Letter of Credit
4
Amount
0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0
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BOARD OF DIRECTORSIs the purchase or sale of all investments of the reporting entity passed upon either by the board of directors or
a subordinate committee thereof? Yes [ X ] No [ ]
Does the reporting entity keep a complete permanent record of the proceedings of its board of directors and all
subordinate committees thereof? Yes [ X ] No [ ]
Has the reporting entity an established procedure for disclosure to its board of directors or trustees of any material interest or affiliation on the part of any of its officers, directors, trustees or responsible employees that is in conflict or
is likely to conflict with the official duties of such person? Yes [ X ] No [ ]
FINANCIALHas this statement been prepared using a basis of accounting other than Statutory Accounting Principles (e.g.,
Generally Accepted Accounting Principles)? Yes [ ] No [ X ]
GENERAL INTERROGATORIESTotal amount loaned during the year (inclusive of Separate Accounts, exclusive of policy loans):
20.11 To directors or other officers
$ 0
20.12 To stockholders not officers
$ 0
20.13 Trustees, supreme or grand (Fraternal only)
$ 0
Total amount of loans outstanding at the end of year (inclusive of Separate Accounts, exclusive of policy loans):
20.21 To directors or other officers
$ 0
20.22 To stockholders not officers
$ 0
20.23 Trustees, supreme or grand (Fraternal only)
$ 0
Were any assets reported in this statement subject to a contractual obligation to transfer to another party without the
liability for such obligation being reported in the statement? Yes [ ] No [ X ]
If yes, state the amount thereof at December 31 of the current year:
21.21 Rented from others
$ 0
21.22 Borrowed from others
$ 0
21.23 Leased from others
$ 0
21.24 Other
$ 0
Does this statement include payments for assessments as described in the Annual Statement Instructions other than
guaranty fund or guaranty association assessments? Yes [ ] No [ X ]
If answer is yes:
22.21 Amount paid as losses or risk adjustment
$ 0
22.22 Amount paid as expenses
$ 0
22.23 Other amounts paid
$ 0
Does the reporting entity report any amounts due from parent, subsidiaries or affiliates on Page 2 of this
statement? Yes [ X ] No [ ]
If yes, indicate any amounts receivable from parent included in the Page 2 amount: $ 12,729,530
Does the insurer utilize third parties to pay agent commissions in which the amounts advanced by the third parties Yes [ ] No [ X ] are not settled in full within 90 days?
If the response to 24.1 is yes, identify the third-party that pays the agents and whether they are a related party.
INVESTMENT1
Name of Third Party
2
Is the Third-Party Agent a Related Party (Yes/No)
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Were all the stocks, bonds and other securities owned December 31 of current year, over which the reporting entity has exclusive control, in the actual possession of the reporting entity on said date? (other than securities lending programs
addressed in 25.03) Yes [ X ] No [ ]
If no, give full and complete information, relating thereto:
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For security lending programs, provide a description of the program including value for collateral and amount of loaned securities, and whether collateral is carried on or off-balance sheet. (an alternative is to reference Note 17 where this information is also provided)
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For the reporting entity's securities lending program, report amount of collateral for conforming programs as outlined
in the Risk Based Capital Instructions. $ 0
For the reporting entity's securities lending program report amount of collateral for other programs. $ 0
GENERAL INTERROGATORIESDoes your securities lending program require 102% (domestic securities) and 105% (foreign securities) from the
counterparty at the outset of the contract?
Yes [
] No [
] N/A [ X ]
25.07 Does the reporting entity non-admit when the collateral received from the counterparty falls below 100%?
Yes [
] No [
] N/A [ X ]
25.08 Does the reporting entity or the reporting entity's securities lending agent utilize the Master Securities Lending Agreement (MSLA) to conduct securities lending?
Yes [
] No [
] N/A [ X ]
25.09 For the reporting entity's security lending program, state the amount of the following as of December 31 of the current year:
25.091 Total fair value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2
$ 0
25.092 Total book adjusted/carrying value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2
$ 0
25.093 Total payable for securities lending reported on the liability page
$ 0
26.1 Were any of the stocks, bonds or other assets of the reporting entity owned at December 31 of the current year not exclusively under the control of the reporting entity or has the reporting entity sold or transferred any assets subject to
a put option contract that is currently in force? (Exclude securities subject to Interrogatory 21.1 and 25.03). Yes [ X ] No [ ]
26.2 If yes, state the amount thereof at December 31 of the current year:
26.21
Subject to repurchase agreements
$ 0
26.22
Subject to reverse repurchase agreements
$ 0
26.23
Subject to dollar repurchase agreements
$ 0
26.24
Subject to reverse dollar repurchase agreements
$ 0
26.25
Placed under option agreements
$ 0
26.26
Letter stock or securities restricted as to sale -
excluding FHLB Capital Stock
$ 0
26.27
FHLB Capital Stock
$ 0
26.28
On deposit with states
$ 8,685,505
26.29
On deposit with other regulatory bodies
$ 997,306
26.30
Pledged as collateral - excluding collateral
pledged to an FHLB
$ 0
26.31
Pledged as collateral to FHLB - including
assets backing funding agreements
$ 0
26.32
Other
$ 0
26.3 For category (26.26) provide the following:
1
Nature of Restriction
2
Description
3
Amount
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. 0. .
. . . . . . . . . . . . . . . . . . 0. .
0
Does the reporting entity have any hedging transactions reported on Schedule DB? Yes [ X ] No [ ]
GENERAL INTERROGATORIESIf yes, has a comprehensive description of the hedging program been made available to the domiciliary state? Yes [ X ] No [ ] N/A [ ] If no, attach a description with this statement.
LINES 27.3 through 27.5 : FOR LIFE/FRATERNAL REPORTING ENTITIES ONLY:
Does the reporting entity utilize derivatives to hedge variable annuity guarantees subject to fluctuations as a result
of interest rate sensitivity? Yes [ ] No [ ]
If the response to 27.3 is YES, does the reporting entity utilize:
Special accounting provision of SSAP No. 108 Yes [ ] No [ ]
Permitted accounting practice Yes [ ] No [ ]
Other accounting guidance Yes [ ] No [ ]
By responding YES to 27.41 regarding utilizing the special accounting provisions of SSAP No. 108, the reporting
entity attests to the following: Yes [ ] No [ ]
The reporting entity has obtained explicit approval from the domiciliary state.
Hedging strategy subject to the special accounting provisions is consistent with the requirements of VM-21.
Actuarial certification has been obtained which indicates that the hedging strategy is incorporated within the establishment of VM-21 reserves and provides the impact of the hedging strategy within the Actuarial Guideline Conditional Tail Expectation Amount.
Financial Officer Certification has been obtained which indicates that the hedging strategy meets the definition of a Clearly Defined Hedging Strategy within VM-21 and that the Clearly Defined Hedging Strategy is the hedging strategy being used by the company in its actual day-to-day risk mitigation efforts.
Were any preferred stocks or bonds owned as of December 31 of the current year mandatorily convertible into
equity, or, at the option of the issuer, convertible into equity? Yes [ ] No [ X ]
If yes, state the amount thereof at December 31 of the current year. $ 0
Excluding items in Schedule E - Part 3 - Special Deposits, real estate, mortgage loans and investments held physically in the reporting entity's offices, vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a custodial agreement with a qualified bank or trust company in accordance with Section 1, III - General Examination Considerations, F. Outsourcing of Critical Functions, Custodial
or Safekeeping Agreements of the NAIC Financial Condition Examiners Handbook? Yes [ X ] No [ ]
For agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook, complete the following:
1
Name of Custodian(s)
2
Custodian's Address
B. a. n. k. o. f. N. e. w. .Y.o.rk. M. .e.llo. n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1. 1. 1. S. a. n. d. e. rs. .C.re. e. k. P. .ar. k.w. a.y., .E.as. t. S. y. r.ac. u. s. e., .N. Y. ,.1.3.0.57. . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook, provide the name, location and a complete explanation:
1
Name(s)
2
Location(s)
3
Complete Explanation(s)
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Have there been any changes, including name changes, in the custodian(s) identified in 29.01 during the current year? Yes [ ] No [ X ]
If yes, give full and complete information relating thereto:
GENERAL INTERROGATORIES1
Old Custodian
2
New Custodian
3
Date of Change
4
Reason
. . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . .
. . . . . . . . . . . . .
. . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment management - Identify all investment advisors, investment managers, broker/dealers, including individuals that have the authority to make investment decisions on behalf of the reporting entity. This includes both primary and sub-advisors. For assets that are managed internally by employees of the reporting entity, note as such.
1
Name Firm or Individual
2
Affiliation
M. a. t.th. e. w. .H.a.rt.m. a. n. n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
N. e. w. p. o. r.t .G.lo. b. a. l .A.d.v.is.o.rs. ,.L.P. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A. l.ex. .C. in. i.el.lo. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
D. a. v. id. .D. u.c.o.m.m. u. n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
U. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. A
["… that have access to the investment accounts"; "…handle securities"]
.
.
.
29.0597 For those firms/individuals listed in the table for Question 29.05, do any firms/individuals unaffiliated with the
reporting entity (i.e., designated with a "U") manage more than 10% of the reporting entity's invested assets? Yes [ ] No [ X ] N/A [ ]
29.0598 For firms/individuals unaffiliated with the reporting entity (i.e., designated with a "U") listed in the table for Question 29.05, does the total assets under management aggregate to more than 50% of the reporting
entity's invested assets? Yes [ ] No [ X ] N/A [ ]
For those firms or individuals listed in the table 29.05 with an affiliation code of "A" (affiliated) or "U" (unaffiliated), provide the information for the table below.
1 Central Registration Depository Number | 2 Name Firm or Individual | 3 Registered With | 4 Investment Management Agreement (IMA) Filed |
0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 3. 9.3.6.8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 | M. a. t.th. e. w. .H.a.rt.m. a.n.n. . . . . . . . . . . . . . . . . . . . . N. e. w. p. o. r.t .G.lo. b. a.l .A.d.vi.s.or. s., .L.P. . . . . . . . . . . . . . A. l.ex. .C.in. ie. l.lo. . . . . . . . . . . . . . . . . . . . . . . . . . David Ducommun | N. o. t. R. e. g. is. te. r. e.d. I.nv. e. s.tm. .en. t. A. d. v. is. o. r. . . . S. e. c.u.ri.tie. s. .E.xc. h. a.n.g.e. C. o. m. m. .is.si.o.n. . . . . N. o. t. R. e. g. is. te. r. e.d. I.nv. e. s.tm. .en. t. A. d. v. is. o. r. . . . Not Registered Investment Advisor | N. O. . . . . . . . . . . . . . . . . . N. O. . . . . . . . . . . . . . . . . . N. O. . . . . . . . . . . . . . . . . . NO |
. . .
. . .
. . .
Does the reporting entity have any diversified mutual funds reported in Schedule D - Part 2 (diversified according
to the Securities and Exchange Commission (SEC) in the Investment Company Act of 1940 [Section 5 (b) (1)])? Yes [ ] No [ X ]
1
CUSIP #
2
Name of Mutual Fund
3
Book/Adjusted Carrying Value
. . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . .0.
. . . . . . . . . . . . . . . . . . . . . . . .0.
0
30.2999 TOTAL
0
If yes, complete the following schedule:
.
.
1
Name of Mutual Fund (from above table)
2
Name of Significant Holding of the Mutual Fund
3
Amount of Mutual Fund's Book/Adjusted Carrying Value Attributable to the Holding
4
Date of Valuation
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . 0.
. . . . . . . . . . . . . . . . . . . . 0.
0
. . . . . . . . . . . . . .
. . . . . . . . . . . . . .
For each mutual fund listed in the table above, complete the following schedule:
.
.
31. Provide the following information for all short-term and long-term bonds and all preferred stocks. Do not substitute amortized value or statement value for fair value.
1 Statement (Admitted) Value | 2 Fair Value | 3 Excess of Statement over Fair Value (-), or Fair Value over Statement (+) | |
3. 1..1. . . . I.ss. u. e. r.C. r.ed. i.t .O.b.lig. a. ti.o.n.s. . 3. 1..2. . . . A. s. s.e.t-.B.a.ck. e. d. S. e. c. u. ri.ti.es. . . 3. 1..3. . . . P. r.e.fe. rr. e.d. s. to. c. k.s. . . . . . . . 31.4 Totals | . . . . . . . . . . . . . . 4.9.3.,7. 2.4.,2. 1.9. . . . . . . . . . . . . . . .2.6.,0. 8.9.,1. 6.3. . . . . . . . . . . . . . . .7.6.,3. 6.3.,5. 2.9. 596,176,911 | . . . . . . . . . 4. 9.4.,6. 7. 4.,3. 2. 4. . . . . . . . . . . 2.5.,7. 4. 2.,2. 0. 5. . . . . . . . . . . 7.6.,4. 5. 0.,3. 0. 8. 596,866,837 | . . . . . . . . . . . . . 9. 5.0.,1. 0.5. . . . . . . . . . . . . .(3. 4.6.,9. 5.8.) . . . . . . . . . . . . . . 8.6.,7. 7.9. 689,926 |
. . .
. . .
. . .
GENERAL INTERROGATORIES31.5 Describe the sources or methods utilized in determining the fair values:
I.nt. e.rc. o. n. ti.n.e.n.ta. l .E.x.ch. a. n. g. e. (. ".IC. E. .D.a.ta. .S.e.rv. ic. e. s."). p. r.o.v.id.e.s. p.ri.c.in.g. f.o.r .ta. x.-e. x. e. m. p. t. s. e.c.u.rit.ie. s. ..In. t.e.ra. c.ti.ve. .D. a. ta. .C.o.rp. .. p. r.ov. i.d.es. . . . .
p. r.ic.in. g. f.o.r .a.ll .o.th. e. r. s.e.cu. r. it.ie. s. w. i.th. .th. e. f.o.llo. w. .in.g. e. x.c.e.pt. io. n. s. :.C. U. S. I.P.s. M. M. .0.0.54. 3. 2. M. . (.A.m. e. ri.c.a.n.G. i.ls.o.ni.te. )., .4.71. 1. 6. #. A. A. 6. ,. (.Ja. s. o. n. . . .
G. r. o.u.p. I.nc. .1.st. L. i.e.n. T.L.),. M. .M. 0.0.2.V.M. L. 5. (. J.a.so. n. .E.q.u.ity. )., .U.N. O. L. A. N. .D.1.8. (N. .e.w.p.o.rt. 1.8.0. S. p. a. r.k.L.P.) .9.1.5.29. A. A. .D.0. (.U.N. O. .R.e.s.ta. u.ra. n. t., . . .
L. L. C. )., .91. 5. 2. 9. A. A. E. 8. .(U. n. o. .R.e.m. a. in. C. o. .b.o.n.d). a. n. d. .M. M. 0. 0. 4. 5. Z. T. V. (. S. u. p.e.ri.o.r .E.n.er. g. y. e. q. u. it.y.) .ar. e. v. a. lu. e. d. .by. .N. e.w. p. o.rt. G. .lo.b.a.l A. d. v. i.so. r.s.. . .
C. U. .S.IP. s. 0. 0. 4. 8. 8. Y. A. B. 2. F. N. .(C. a. b. i.ne. t.w. o. rk. s. .T.L). ,.2.5.2.77. E. .A.B.8. (.D.ia. m. o. n. d. .S.p.or. ts. .E.x.it.T.e.rm. . L. o. a.n.),. .9.67. 5. 8. D. B. K. .F.N. (.W. i.de. O. .p.en. .W. e. s. t. . .
2. n. d. L. i.en. .T.L.),. 9. 6. 7. 5.8.D.B. G. 7. F. N. .(W. .id. e. O. p. e. n. W. .es. t. 1. L. T. L. )., .a.n.d. M. M. .0.05. U. .O.O. B. .(D. i.a.m. o.n.d. S. p. o. r.ts. e. q. u. it.y.) .ar. e. p. r.ic. e. d. b. y. L. o. a. n. X. . . . . . .
s. e.rv. i.ce. .. C. U. .S.IP. .4.29. E. S. .C.A.A.4. (.H. ig. h. .R.id. g. e. B. r.a.n.d.s). i.s. b. ro. k. e. r. q. u.o.te. d. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32.1 Was the rate used to calculate fair value determined by a broker or custodian for any of the securities in Schedule D? | Yes [ X ] No [ | ] |
32.2 If the answer to 32.1 is yes, does the reporting entity have a copy of the broker's or custodian's pricing policy (hard copy or electronic copy) for all brokers or custodians used as a pricing source? | Yes [ X ] No [ | ] |
32.3 If the answer to 32.2 is no, describe the reporting entity's process for determining a reliable pricing |
source for purposes of disclosure of fair value for Schedule D:
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Investment Analysis Office been
followed? Yes [ X ] No [ ]
If no, list exceptions:
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
By self-designating 5GI securities, the reporting entity is certifying the following elements of each self-designated 5GI security:
Documentation necessary to permit a full credit analysis of the security does not exist or an NAIC CRP credit rating for an FE or PL security is not available.
Issuer or obligor is current on all contracted interest and principal payments.
The insurer has an actual expectation of ultimate payment of all contracted interest and principal.
Has the reporting entity self-designated 5GI securities? Yes [ ] No [ X ]
By self-designating PLGI securities, the reporting entity is certifying the following elements of each self-designated PLGI security:
The security was either:
issued prior to January 1, 2018 (which is exempt from PLR filing requirements pursuant to the P&P Manual), or
issued from January 1, 2018 to December 31, 2021 and subject to a confidentiality agreement executed prior to January 1, 2022 which confidentiality agreement remains in force, for which an insurance company cannot provide a copy of a private letter rating rationale report to the SVO due to confidentiality or other contractual reasons ("waived submission PLR securities").
The reporting entity is holding capital commensurate with the NAIC Designation and NAIC Designation Category reported for the security.
The NAIC Designation and NAIC Designation Category were derived from the credit rating assigned by an NAIC CRP in its legal capacity as an NRSRO which is shown on a current private letter rating, dated during the financial statement year, held by the insurer and available for examination by state insurance regulators.
Other than for waived submission PLR securities, defined above, on or after January 1, 2024 for any PLR securities issued on or after January 1, 2022,
if the reporting entity is not permitted to share this private credit rating or the private rating letter rationale report of the PL security with the SVO, it certifies that it is reporting it as an NAIC 5.B GI and may not assign any other self-designation.
Has the reporting entity self-designated PLGI to securities, all of which meet the above requirement and as specified Yes [ ] No [ X ] in the P&P Manual?
36. By assigning FE to a Schedule BA non-registered private fund, the reporting entity is certifying the following elements of each self-designated FE fund:
The shares were purchased prior to January 1, 2019.
The reporting entity is holding capital commensurate with the NAIC Designation reported for the security.
The security had a public credit rating(s) with annual surveillance assigned by an NAIC CRP in its legal capacity as an NRSRO prior to January 1, 2019.
The fund only or predominantly holds bonds in its portfolio.
The current reported NAIC Designation was derived from the public credit rating(s) with annual surveillance assigned by an NAIC CRP in its legal capacity as an NRSRO.
The public credit rating(s) with annual surveillance assigned by an NAIC CRP has not lapsed.
Has the reporting entity assigned FE to Schedule BA non-registered private funds that complied with the above criteria? Yes [ ] No [ X ]
GENERAL INTERROGATORIES37. By rolling/renewing short-term or cash-equivalent investments with continued reporting on Schedule DA, part 1 or Schedule E Part 2 (identified through a code (%) in those investment schedules), the reporting entity is certifying to the following:
The investment is a liquid asset that can be terminated by the reporting entity on the current maturity date.
If the investment is with a nonrelated party or nonaffiliate, then it reflects an arms-length transaction with renewal completed at the discretion of all involved parties.
If the investment is with a related party or affiliate, then the reporting entity has completed robust re-underwriting of the transaction for which documentation is available for regulator review.
Short-term and cash equivalent investments that have been renewed/rolled from the prior period that do not meet the criteria in
37.a - 37.c are reported as long-term investments.
Has the reporting entity rolled/renewed short-term or cash equivalent investments in accordance with these criteria? Yes [ X ] No [ ] N/A [ ]
| Yes [ | ] No [ X ] |
| Yes [ | ] No [ X ] |
39.2 If the response to 39.1 is yes, are the cryptocurrencies held directly or are they immediately converted to U.S. dollars? 39.21 Held directly | Yes [ | ] No [ X ] |
39.22 Immediately converted to U.S. dollars | Yes [ | ] No [ X ] |
39.3 If the response to 38.1 or 39.1 is yes, list all cryptocurrencies accepted for payments of premiums or that are held directly.
1 Name of Cryptocurrency | 2 Immediately Converted to USD, Directly Held, or Both | 3 Accepted for Payment of Premiums |
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
Amount of payments to trade associations, service organizations and statistical or Rating Bureaus, if any? $ 438,570
1
Name
2
Amount Paid
N. O. .N.E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 0. .
$ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0. .
$ 0
List the name of the organization and the amount paid if any such payment represented 25% or more of the total payments to trade associations, service organizations and statistical or rating bureaus during the period covered by this statement.
Amount of payments for legal expenses, if any? $ 1,501,424
1
Name
2
Amount Paid
N. O. .N.E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 0. .
$ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0. .
$ 0
List the name of the firm and the amount paid if any such payment represented 25% or more of the total payments for legal expenses during the period covered by this statement.
Amount of payments for expenditures in connection with matters before legislative bodies, officers or departments
of government, if any? $ 13,276
List the name of the firm and the amount paid if any such payment represented 25% or more of the total
1 Name | 2 Amount Paid |
K. R. A. L. J. .C.O. N. S. U. L. T. I.N. G. .IN. C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $ 1.2.,4. 3.2. . $ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0. . $ 0 |
payment expenditures in connection with matters before legislative bodies, officers or departments of government during the period covered by this statement.
