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November 25, 2024 Reinsurance No comments

Agents National Title Insurance Company Q3 2024

U.S. Markets via PUBT

QUARTERLY STATEMENT

OF THE

Agents National Title Insurance Company

TO THE

Insurance Department

OF THE

STATE OF

Missouri

FOR THE QUARTER ENDED

SEPTEMBER 30, 2024

TITLE INSURANCE

2024

.MO

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE Agents National Title Insurance Company

ASSETS

			Current Statement Date		4
		1	2		3	December 31
					Net Admitted Assets	Prior Year Net
		Assets	Nonadmitted Assets		(Cols. 1 - 2)	Admitted Assets
1.	Bonds	................. 63,540,575	...................................	.................	63,540,575	................. 65,639,429
2.	Stocks:
	2.1 Preferred stocks	0	...................................	.................................	0	.................................0
	2.2 Common stocks	100,740	...................................	......................	100,740	........................ 30,500

3. Mortgage loans on real estate:

	3.1 First liens			0	...................................	0	0
	3.2 Other than first liens	6,126	6,126	0	0
4.	Real estate:
	4.1 Properties occupied by the company (less $
	encumbrances)		0	...................................	0	0
	4.2 Properties held for	the production of income (less
	$		encumbrances)	.................................0	...................................	.................................0	.................................0
	4.3 Properties held for sale (less $

	.......................................................................................encumbrances)		.................................0	...................................	.................................0	.................................0
5.	Cash ($	3,294,404 ), cash equivalents
	($	3,530,499	) and short-term
	investments ($	...................	6,098,199 )	12,923,102	...................................	12,923,102	12,139,660
6.	Contract loans (including $	................................... premium notes)	...................................	...................................	0	0
7.	Derivatives			...................................	...................................	0	0
8.	Other invested assets		0	...................................	0	50,040
9.	Receivables for securities	1,879	...................................	1,879	0
10.	Securities lending reinvested collateral assets	...................................	...................................	0	0
11.	Aggregate write-ins for invested assets	0	0	0	0
12.	Subtotals, cash and invested assets (Lines 1 to 11)	76,572,422	6,126	76,566,296	77,859,629
13.	Title plants less $	charged off (for Title insurers
	only)			...................................	...................................	0	0
14.	Investment income due and accrued	439,449	...................................	439,449	215,422

15. Premiums and considerations:


	15.1	Uncollected premiums and agents' balances in the course of collection	2,083,495	461,877	1,621,618	1,501,915
	15.2	Deferred premiums, agents' balances and installments booked but
		...................................deferred and not yet due (including $
		............................................................earned but unbilled premiums)	.......................178,323	...................................	.......................178,323	........................ 12,210
	15.3	Accrued retrospective premiums ($	) and
		contracts subject to redetermination ($	)	...................................	...................................	.................................0	.................................0
16.	Reinsurance:
	16.1	....................................................Amounts recoverable from reinsurers	........................ 99,478	...................................	........................ 99,478	........................ 99,478
	16.2	..........................Funds held by or deposited with reinsured companies	...................................	...................................	.................................0	.................................0
	16.3	Other amounts receivable under reinsurance contracts	...................................	...................................	.................................0	.................................0
17.	Amounts receivable relating to uninsured plans	...................................	...................................	.................................0	.................................0
18.1	....Current federal and foreign income tax recoverable and interest thereon	................... 2,097,803	...................................	................... 2,097,803	................... 1,342,827
18.2	Net deferred tax asset	...................................................................................	...................................	...................................	.................................0	........................ 52,500
19.	......................................................Guaranty funds receivable or on deposit	................... 1,396,555	................... 1,344,055	........................ 52,500	.................................0
20.	Electronic data processing equipment and software	........................ 25,997	...................................	........................ 25,997	........................ 83,199
21.	Furniture and equipment, including health care delivery assets
	...................................($	........................ 64,687	........................ 64,687	.................................0	.................................0
22.	.........Net adjustment in assets and liabilities due to foreign exchange rates	...................................	...................................	.................................0	.................................0
23.	.....................................Receivables from parent, subsidiaries and affiliates	...................................	...................................	.................................0	.................................0
24.	Health care ($	) and other amounts receivable	...................................	...................................	.................................0	.................................0
25.	Aggregate write-ins for other than invested assets	...................... 808,983	...................... 688,274	...................... 120,709	...................... 670,424

26. Total assets excluding Separate Accounts, Segregated Accounts and

	Protected Cell Accounts (Lines 12 to 25)	83,767,192	2,565,019	81,202,173	81,837,604
27.	From Separate Accounts, Segregated Accounts and Protected Cell
	Accounts	...................................	...................................	.................................0	.................................0
28.	Total (Lines 26 and 27)	83,767,192	2,565,019	81,202,173	81,837,604
	DETAILS OF WRITE-INS
1101.	....................................................................................................................	...................................	...................................	.................................0	.................................0
1102.	....................................................................................................................	...................................	...................................	.................................0	.................................0
1103.	....................................................................................................................	...................................	...................................	.................................0	.................................0
1198.	Summary of remaining write-ins for Line 11 from overflow page	.................................0	.................................0	.................................0	.................................0
1199.	Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)	0	0	0	0
2501.	Prepaid expenses and retainers	.......................336,338	.......................336,338	.................................0	.................................0
2502.	Prepaid Premium Taxes
........................ 86,767	........................ 86,767	.................................0	.................................0
2503.	Other receivables	.......................362,740	.......................250,375	...................... 112,365	...................... 670,424
2598.	Summary of remaining write-ins for Line 25 from overflow page	........................ 23,138	........................ 14,794	..........................8,344	.................................0
2599.	Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)	808,983	688,274	120,709	670,424

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE Agents National Title Insurance Company

LIABILITIES, SURPLUS AND OTHER FUNDS

					1	2
					Current	December 31,
					Statement Date	Prior Year
1.	Known claims reserve			................... 3,568,534	................... 3,045,224
2.	Statutory premium reserve			................. 20,828,066	................. 20,129,568
3.	Aggregate of other reserves required by law		.................................0	.................................0
4.	Supplemental reserve			...................................	.................................0
5.	.............................Commissions, brokerage and other charges due or accrued to attorneys, agents and real estate brokers	...................................	...................................
6.	...............................................................................................................Other expenses (excluding taxes, licenses and fees)		................... 2,250,321	...................... 851,456
7.	...................................................................................Taxes, licenses and fees (excluding federal and foreign income taxes)		...................... 218,991	........................ 68,724
8.1	...................................Current federal and foreign income taxes (including $	on realized capital gains (losses))	.................................0	.................................0
8.2	Net deferred tax liability			........................ 52,500	........................ 52,500
9.	Borrowed money $	and interest thereon $	..............................................	...................................	...................................
10.	Dividends declared and unpaid	.................................................................................................................................................		...................................	...................................
11.	Premiums and other consideration received in advance		........................ 83,700	.......................123,172
12.	Unearned interest and real estate income received in advance		...................................	...................................
13.	..................................................................................................................Funds held by company under reinsurance treaties		...................................	.................................0
14.	..............................................................................................Amounts withheld or retained by company for account of others		...................................	...................................
15.	................................................................................................................Provision for unauthorized and certified reinsurance		...................................	.................................0
16.	...................................................................................Net adjustments in assets and liabilities due to foreign exchange rates		...................................	...................................
17.	Drafts outstanding			...................................	...................................
18.	............................................................................................................................Payable to parent, subsidiaries and affiliates		...................... 244,063	...................... 178,226
19.	Derivatives			.................................0	.................................0
20.	Payable for securities			...................................	...................................
21.	Payable for securities lending			...................................	...................................
22.	.....................................................................................................................................Aggregate write-ins for other liabilities		0	0
23.	Total liabilities (Lines 1 through 22)		27,246,175	24,448,870
24.	Aggregate write-ins for special surplus funds		.................................0	.................................0
25.	Common capital stock			...................2,000,000	...................2,000,000
26.	Preferred capital stock			...................................	...................................
27.	Aggregate write-ins for other than special surplus funds		.................................0	.................................0
28.	Surplus notes			...................... 591,110	.......................573,482
29.	.......................................................................................................................................Gross paid in and contributed surplus		................. 50,788,762	................. 50,788,762
30.	Unassigned funds (surplus)			...................... 576,126	...................4,026,490
31.	Less treasury stock, at cost:
	31.1	shares common (value included in Line 25	$	................................... )	...................................	...................................
	31.2	shares preferred (value included in Line 26	$	................................... )	...................................	...................................
32.	Surplus as regards policyholders (Lines 24 to 30, less 31)		53,955,998	57,388,734
33.	Totals (Page 2, Line 28, Col. 3)			81,202,173	81,837,604
	DETAILS OF WRITE-INS
0301		....................................
0302		....................................
0303		....................................
0398.	................................................................................................Summary of remaining write-ins for Line 3 from overflow page		.................................0	.................................0
0399.	Totals (Lines 0301 through 0303 plus 0398)(Line 3 above)			0	0
2201		....................................
2202		....................................
2203		....................................
2298.	..............................................................................................Summary of remaining write-ins for Line 22 from overflow page		.................................0	.................................0
2299.	Totals (Lines 2201 through 2203 plus 2298)(Line 22 above)			0	0
2401		....................................
2402		....................................
2403		....................................
2498.	..............................................................................................Summary of remaining write-ins for Line 24 from overflow page		.................................0	.................................0
2499.	Totals (Lines 2401 through 2403 plus 2498)(Line 24 above)			0	0
2701		....................................
2702		....................................
2703		....................................
2798.	..............................................................................................Summary of remaining write-ins for Line 27 from overflow page		.................................0	.................................0
2799.	Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)			0	0

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE Agents National Title Insurance Company

OPERATIONS AND INVESTMENT EXHIBIT

	STATEMENT OF INCOME		1	2	3
			Current	Prior Year	Prior Year Ended
			Year to Date	to Date	December 31
	OPERATING INCOME
1.	Title insurance and related income:
	1.1 Title insurance premiums earned	................. 46,090,846	................. 52,455,380	................. 68,255,903
	1.2 Escrow and settlement services	...................................	...................................	.................................0
	1.3 Other title fees and service charges	...................1,285,495	...................1,405,019	................... 1,796,355
2.	Aggregate write-ins for other operating income	0	0	0
3.	Total Operating Income (Lines 1 through 2)	47,376,341	53,860,399	70,052,258
	EXPENSES
4.	Losses and loss adjustment expenses incurred	...................4,295,984	................... 3,826,471	...................4,502,652
5.	Operating expenses incurred	................. 49,719,438	................. 53,741,060	................. 69,446,218
6.	Aggregate write-ins for other operating expenses	0	0	0
7.	Total Operating Expenses	54,015,422	57,567,531	73,948,870
8.	Net operating gain or (loss) (Lines 3 minus 7)	(6,639,081)	(3,707,132)	(3,896,612)
	INVESTMENT INCOME
9.	Net investment income earned	................... 2,364,418	...................... 789,241	...................1,229,206
10.	Net realized capital gains (losses) less capital gains tax of $	....................	(62,529)	(4,171,382)	(4,203,098)
11.	Net investment gain (loss) (Lines 9 + 10)	2,301,889	(3,382,141)	(2,973,892)
	OTHER INCOME
12.	Aggregate write-ins for miscellaneous income or (loss) or other deductions	........................ 37,924	........................ 16,078	........................ 26,150
13.	..........Net income, after capital gains tax and before all other federal income taxes (Lines 8+11+12)	................. (4,299,268)	................. (7,073,195)	................. (6,844,354)
14.	Federal and foreign income taxes incurred	(843,955)	(1,468,524)	(1,198,556)
15.	Net income (Lines 13 minus 14)	(3,455,313)	(5,604,671)	(5,645,798)
	CAPITAL AND SURPLUS ACCOUNT
16.	Surplus as regards policyholders, December 31 prior year	................. 57,388,734	................. 25,695,212	................. 25,695,212
17.	Net income (from Line 15)	................. (3,455,313)	................. (5,604,671)	................. (5,645,798)
18.	Change in net unrealized capital gains (losses) less capital gains tax of $	...................................	...................... 290,489	...................... 290,489
19.	Change in net unrealized foreign exchange capital gain (loss)	...................................	...................................	...................................
20.	Change in net deferred income taxes	...................................	...................................	...................... 255,199
21.	Change in nonadmitted assets	22,577	297,289	(596,952)
22.	Change in provision for unauthorized and certified reinsurance	.................................0	.................................0	.................................0
23.	Change in supplemental reserves	.................................0	.................................0	.................................0
24.	Change in surplus notes	........................ 17,628	.......................(35,320)	...................... (29,402)
25.	Cumulative effect of changes in accounting principles	...................................	...................................	...................................
26.	Capital changes:
	26.1 Paid in	...................................	...................................	...................................
	26.2 Transferred from surplus (Stock Dividend)	...................................	...................................	...................................
	26.3 Transferred to surplus	...................................	...................................	...................................
27.	Surplus adjustments:
	27.1 Paid in	0	6,000,000	38,055,749
	27.2 Transferred to capital (Stock Dividend)	...................................	...................................	...................................
	27.3 Transferred from capital	...................................	...................................	...................................
28.	Dividends to stockholders	...................................	...................................	...................................
29.	Change in treasury stock	...................................	...................................	.................................0
30.	Aggregate write-ins for gains and losses in surplus	(17,628)	35,320	(635,763)
31.	Change in surplus as regards policyholders (Lines 17 through 30)	(3,432,736)	983,107	31,693,522
32.	Surplus as regards policyholders as of statement date (Lines 16 plus 31)		53,955,998	26,678,319	57,388,734
	DETAILS OF WRITE-INS
0201	....................................	....................................	....................................
0202	....................................	....................................	....................................
0203	....................................	....................................	....................................
0298.	Summary of remaining write-ins for Line 2 from overflow page	0	0	0
0299.	Totals (Lines 0201 through 0203 plus 0298)(Line 2 above)		0	0	0
0601	....................................	....................................	....................................
0602	....................................	....................................	....................................
0603	....................................	....................................	....................................
0698.	Summary of remaining write-ins for Line 6 from overflow page	.................................0	.................................0	0
0699.	Totals (Lines 0601 through 0603 plus 0698)(Line 6 above)		0	0	0
1201.	Rental income	...................................	0	...................................
1202.	Other income	37,924	........................ 16,078	........................ 26,150
1203	....................................	....................................	....................................
1298.	Summary of remaining write-ins for Line 12 from overflow page	.................................0	.................................0	.................................0
1299.	Totals (Lines 1201 through 1203 plus 1298)(Line 12 above)		37,924	16,078	26,150
3001.	Change in Accrued Interest	(17,628)	35,320	29,402
3002.	Correction	...................................	...................................	(665,165)
3003	....................................	....................................	....................................
3098.	Summary of remaining write-ins for Line 30 from overflow page	.................................0	.................................0	.................................0
3099.	Totals (Lines 3001 through 3003 plus 3098)(Line 30 above)		(17,628)	35,320	(635,763)

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE Agents National Title Insurance Company

CASH FLOW

Cash from Operations

Current Year

To Date

Prior Year

To Date

Prior Year Ended

December 31

1.	Premiums collected net of reinsurance	................. 35,779,107	................. 40,813,823	................. 72,719,977
2.	Net investment income	................... 1,447,013	...................... 669,018	.......................978,308
3.	Miscellaneous income	6	277	277
4.	Total (Lines 1 to 3)	37,226,126	41,483,118	73,698,562
5.	Benefit and loss related payments	................... 3,772,674	................... 2,408,721	................... 2,618,713
6.	Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	...................................	...................................	...................................
7.	...............................................Commissions, expenses paid and aggregate write-ins for deductions	................. 34,264,702	................. 38,438,037	................. 70,983,571
8.	Dividends paid to policyholders	...................................	...................................	...................................
9.	Federal and foreign income taxes paid (recovered) net of $	tax on capital
	gains (losses)	0	0	0
10.	Total (Lines 5 through 9)	38,037,376	40,846,758	73,602,284
11.	Net cash from operations (Line 4 minus Line 10)	(811,250)	636,360	96,278

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

	12.1	Bonds	................... 3,768,356	................... 2,770,000	................... 3,076,316
	12.2	Stocks	.................................0	.................................0	........................ 30,500
	12.3	Mortgage loans	.................................0	.................................0	.................................0
	12.4	Real estate	.................................0	.......................182,677	.......................182,677
	12.5	Other invested assets	.......................... 1,335	................... 4,998,344	................... 5,030,677
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	.................................0	.................................0	.................................0
	12.7	Miscellaneous proceeds	0	0	0
	12.8 Total investment proceeds (Lines 12.1 to 12.7)	................... 3,769,691	................... 7,951,021	................... 8,320,170
13.	Cost of investments acquired (long-term only):
	13.1	Bonds	.......................979,335	...................5,940,908	................. 30,046,096
	13.2	Stocks	........................ 20,200	..........................3,100	..........................3,100
	13.3	Mortgage loans	.................................0	.................................0	.................................0
	13.4	Real estate	.................................0	..........................4,000	..........................4,000
	13.5	Other invested assets	.................................0	................... 4,939,830	................... 4,180,678
	13.6	Miscellaneous applications	0	0	0
	13.7	Total investments acquired (Lines 13.1 to 13.6)	999,535	10,887,838	34,233,874
14.	Net increase (or decrease) in contract loans and premium notes	0	0	0
15.	Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)	2,770,156	(2,936,817)	(25,913,704)
		Cash from Financing and Miscellaneous Sources

16.	Cash provided (applied):
	16.1	Surplus notes, capital notes
	........................ 17,628	.......................(35,320)	...................... (29,402)
	16.2	Capital and paid in surplus, less treasury stock	.................................0	...................6,000,000	...................6,000,000
	16.3	Borrowed funds	.................................0	.................................0	.................................0
	16.4	Net deposits on deposit-type contracts and other insurance liabilities	.................................0	.................................0	.................................0
	..........................................................................................................16.5 Dividends to stockholders	.................................0	.................................0	.................................0
	....................................................................................................16.6 Other cash provided (applied)	(1,193,092)	(1,403,368)	(1,681,017)
17.	Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5
	plus Line 16.6)	(1,175,464)	4,561,312	4,289,581
	RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
18.	.Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)	.......................783,442	...................2,260,855	................(21,527,845)
19.	Cash, cash equivalents and short-term investments:
	19.1	Beginning of year	................. 12,139,660	................. 33,667,505	................. 33,667,505
	19.2 End of period (Line 18 plus Line 19.1)	12,923,102	35,928,360	12,139,660

Note: Supplemental disclosures of cash flow information for non-cash transactions:

	TITLE
Note #	Description	Page #
1	Summary of Significant Accounting Policies	6.1
2	Accounting Changes and Corrections of Errors	6.2
3	Business Combinations and Goodwill	6.2
4	Discontinued Operations	6.2
5	Investments	6.2
6	Joint Ventures, Partnerships and Limited Liability Companies	6.4
7	Investment Income	6.4
8	Derivative Instruments	6.4
9	Income Taxes	6.4
10	Information Concerning Parent, Subsidiaries and Affiliates	6.7
11	Debt	6.8
12	Retirement Plans, Deferred Compensation, Postemployment Benefits and
	Compensated Absences and Other Postretirement Benefit Plans	6.8
13	Capital and Surplus, Dividend Restrictions and Quasi-Reorganizations	6.8
14	Contingencies	6.9
15	Leases	6.9
16	Information About Financial Instruments With Off-Balance Sheet Risk and
	Financial Instruments With Concentrations of Credit Risk	6.10
17	Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities	6.10
18	Gain or Loss to the Reporting Entity from Uninsured Plans and the
	Uninsured Portion of Partially Insured Plans (N/A - Title)	6.10
19	Direct Premium Written/Produced by Managing General Agents/Third Party
	Administrators (N/A - Title)	6.10
20	Fair Value Measurement	6.10
21	Other Items	6.11
22	Events Subsequent	6.11
23	Reinsurance	6.11
24	Retrospectively Rated Contracts & Contract Subject to Redetermination (N/A - Title)	6.11
25	Change in Incurred Losses and Loss Adjustment Expense	6.11
26	Intercompany Pooling Arrangements	6.11
27	Structured Settlements	6.11
28	Supplemental Reserves	6.11

NOTES TO FINANCIAL STATEMENTS

1. Summary of Significant Accounting Policies and Going Concern

The accompanying financial statements of the Company have been prepared in conformity with accounting practices prescribed or permitted by the National Association of Insurance Commissioners and the State of Missouri.

Reconciling Items Between State Basis and NAIC Basis for Income and Surplus

	Net Income	SSAP #	F/S	F/S		2024		2023
			Page	Line #
(1)	State basis (Page 4, Line 15, Columns 1 & 2)	00	3	2	($	3,455,313)	($	5,645,798)
(2)	State Prescribed Practices that are an
	increase/(decrease) from NAIC SAP:
	RSMo 381.072-Statutory Premium Reserves	57	3	2	$	834,496	$	1,312,800
	vs NAIC Model Act, net of tax
(3)	State Permitted Practices that increase/(decrease)
	NAIC SAP:
	None					-0-		-0-
(4)	NAIC SAP				($ 2,620,817)	($	4,332,998)
	SURPLUS
(5)	State basis (Page 3, Line 32, Columns 1 & 2)				$	53,955,998	$	57,388,734
(6)	State Prescribed Practices that
	increase/(decrease) NAIC SAP:
	RSMo 381.072-Statutory Premium Reserves	57	3	2	$	6,739,638	$	5,905,143
	vs NAIC Model Act, net of tax
	Supplemental Reserves (caused by the	57	3	2		-0-		-0-
	accelerated NAIC Model Act restoration of
	SPR vs Missouri restoration per RSMo
	381.072)
(7)	State Permitted Practices that increase/(decrease)
	NAIC SAP:
	None					-0-		-0-
(8)	NAIC SAP				$ 60,695,636	$	63,293,877

The Company assumes the NAIC Model Act reserves at the same rate as prescribed in RSMo 381.072 of fifteen cents per thousand of retained risk or as required of foreign insurers by state regulations. Thus, the amounts above are related to the differences in the amortization schedules to restore statutory premium reserves "SPR".

Use of Estimates in the Preparation of the Financial Statements
The preparation of financial statements in conformity with Statutory Accounting Principles 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
Revenue recognition and related expenses - Premiums are recognized as earned at the time of the closing of the related real estate transaction. Premiums on title insurance policies written by agents are recognized primarily when policies are reported to the Company. In addition, where reasonable estimates can be made, the Company accrues for policies issued but not reported until after period end. The Company believes that reasonable estimates can be made based on policy issuance information from our affiliated agent. In this accrual, future transactions are not being estimated. The Company is estimating revenues on policies that have already been issued by the affiliated agent but not yet reported to or received by the Company. In addition, the Company has in place an excess of loss ceded reinsurance agreement which is on a claims made basis. Establishment of statutory premium reserves as well as other expenses incurred in connection with issuing the policies are charged to operations as an expense in the current period.
In addition, the company uses the following accounting policies:
1. Short-terminvestments are stated at amortized cost.
2. Bonds not backed by other loans are stated at amortized cost.
3. Common stocks are stated at market except those investments in stocks of uncombined subsidiaries and affiliates in which the Company has an interest of 20% or more are carried on the statutory purchase method.
4. Preferred Stocks: None
5. Mortgage Loans on Real Estate are stated at the aggregate carrying value less accrued interest.
6. Loan-backedsecurities are stated at the lower of fair market value or cost.

1. 1. 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.
  2. Interest in Joint Ventures: None
  3. Derivatives: None
  4. The Company does not utilize anticipated investment income as a factor in premium deficiency calculations
  5. Unpaid losses and loss adjustment expense are determined on the individual claim level and are based on management's best estimate of ultimate losses and loss adjustment expenses more likely than not to be incurred in administering the claim. 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.
  6. Changes in Capitalization Policy: Not applicable
  7. Pharmaceutical Rebate Receivables: None
2. Going Concern: Management has not identified any issues to raise substantial doubt regarding the company's ability to continue as a going concern
Accounting Changes and Corrections of Errors None
Business Combinations and Goodwill None
Discontinued Operations None
Investments
1. Mortgage Loans
  The Company has one non-performing mortgage in second position with a balance of $6,126 as of September 30, 2024
2. 1. No new mortgage loans were made or acquired in 2023 or 2024
  2. The existing mortgage note has a fixed interest rate of 4% per annum
  3. Not applicable
  4. The existing mortgage note was entered in 2017 and is over 180 days past due
3. Debt Restructuring None
4. Reverse Mortgages None
5. Loan-BackedSecurities None
6. Dollar Repurchase Agreements None
7. Repurchase Agreements Transactions Accounted for as Secured Borrowing None
8. Reverse Repurchase Agreements Transactions Accounted for as Secured Borrowing None
9. Repurchase Agreements Transactions Accounted for as a Sale None

Reverse Repurchase Agreements Transactions Accounted for as a Sale None
Real EstateNone
Investments in Low-Income Housing Tax Credits (LIHTC) None
Restricted Assets

The Company maintains certificate of deposits with various banks to comply with required statutory deposits. 1) Restricted Assets (Including Pledged)

Restricted Asset Category		1	2			3	4		5	6	7

		Total Gross	Total Gross		Increase/	Total Current	Total Current	Percentage	Percentage
		Restricted from	Restricted		(Decrease)	Year	Year Admitted	Gross	Admitted
		Current Year	From Prior		(1 minus2)	Nonadmitted	Restricted	Restricted to	Restricted to
				Year				Restricted			Total Assets	Total
												Admitted
												Assets

a.	Subject to contractual	$	-	$	-	$	-	-	$	-	-	-
	obligation for which
	liability is not shown
b.	Collateral held under		-		-		-	-		-	-	-
	security lending
	agreements
c.	Subject to repurchase		-		-		-	-		-	-	-
	agreements
d.	Subject to reverse		-		-		-	-		-	-	-
	repurchase agreements
e.	Subject to dollar		-		-		-	-		-	-	-
	repurchase agreements
f.	Subject to dollar		-		-		-	-		-	-	-
	reverse repurchase
	agreements
g.	Placed under option		-		-		-	-		-	-	-
	contracts
h.	Letter stock or		-		-		-	-		-	-	-
	securities restricted as
	to sale
i.	FHLB Capital Stock		50,700	30,500		20,200	-		50,700	0.06%	0.06%

j.	On deposit with states		4,070,447	4,102,882		(32,435)	-		4,070,447	4.86 %	5.01 %

k.	On deposit with other		-		-		-	-		-	-	-
	regulatory bodies
l.	Pledged as collateral to		-		-		-	-		-	-	-
	FHLB (including assets
	backing funding
	agreements)
m.	Pledged as collateral		-		-		-	-		-	-	-
	not captured in other
	categories
n.	Other restricted assets		-		-		-	-		-	-	-

o.	Total Restricted Assets	$	4,121,147	$4,133,382	($	12,235)	-	$	4,121,147	4.92%	5.07%

1. None
2. None
3. None
Working Capital Finance Investments None
Offsetting and Netting of Assets and Liabilities None
5GI Securities None
Short Sales None
Prepayment Penalty and Acceleration Fees None

Attachments

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Essent Group Ltd. published this content on November 25, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 25, 2024 at 22:24:19.260.