Trinity Universal Insurance Company

Quarterly Statement as of June 30, 2023 of the Trinity Universal Insurance Company

ASSETS

			Current Statement Date	4
		1	2	3
				Net Admitted	December 31
			Nonadmitted	Assets	Prior Year Net
		Assets	Assets	(Cols. 1 - 2)	Admitted Assets
1.	............................................................................................................................................Bonds	2,849,315,809	2,849,315,809	2,161,410,808

2. Stocks:

2.1	Preferred.................................................................................................................................stocks	23,073,285	...............................	23,073,285	15,358,054
2.2	Common stocks	220,018,416	7,963,273	212,055,143	207,015,771

3. Mortgage loans on real estate:

3.1	First.................................................................................................................................liens	135,132,937	135,132,937	85,590,734
3.2	Other than	rst liens	...............................	................................

4. Real estate:


4.1	Properties occupied by the company (less $	encumbrances)
4.2	Properties held for the production of income (less $	encumbrances)
4.3	Properties held for sale (less $	encumbrances)	........................... ............................... ............................... ............................... ................................

5. Cash ($ (170,977,934)), cash equivalents ($ 76,655,465) and short-term

	investments ($ 28,769,771)	.........................................................................................	(65,552,698)	...............................	(65,552,698)	(55,700,631)
6.	Contract loans (including $	premium notes)	...............................	...............................	...............................	................................
7.	Derivatives		...............................	...............................	...............................	................................
8.	Other invested assets		.........................................................................................	388,757,995	...............................	388,757,995	357,456,411
9.	Receivables for securities	.........................................................................................	37,199,620	...............................400,000	36,799,620	31,496,660
10.	Securities lending reinvested collateral assets	...............................	...............................	...............................	................................
11.	Aggregatewrite-insfor invested.........................................................................................assets	...............................	...............................	...............................	................................
12.	......................................Subtotals, cash and invested assets (Lines 1 to 11)	3,587,945,365	8,363,273	3,579,582,092	2,802,627,808
13.	Title plants less $	charged off (for Title insurers only)	...............................	...............................	...............................	................................
14.	Investment income due and accrued	32,354,295	...............................	32,354,295	24,543,304

15. Premiums and considerations:

15.1	Uncollected premiums and agents' balances in the course of collection	97,530,846	...............................290,276	97,240,570	159,690,650
15.2	Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $	earned but unbilled premiums)	1,046,766,199	...............................	1,046,766,199	1,006,617,263
15.3	Accrued retrospective premiums ($	) and contracts subject to
	redetermination ($ )	...............................	...............................	...............................	................................

16. Reinsurance:

	16.1 Amounts recoverable from reinsurers	...............................2,251	...............................	...............................2,251	4,052,081
	16.2 Funds held by or deposited with reinsured companies	...............................	...............................	...............................	................................
	16.3 Other amounts receivable under reinsurance contracts	...............................	...............................	...............................	................................
17.	Amounts receivable relating to uninsured plans	...............................	...............................	...............................	................................
18.1	Current federal and foreign income tax recoverable and interest thereon	12,012,139	...............................	12,012,139	119,605,373
18.2	Net deferred tax asset	150,914,861	3,263,844	147,651,017	119,709,311
19.	Guaranty funds receivable or.........................................................................................on deposit	...............................755,927	...............................	...............................755,927	................................755,927
20.	Electronic data processing equipment and software	53,285,512	19,785,064	33,500,448	29,384,304
21.	Furniture and equipment, including health care delivery assets......................................($ )	1,386,541	1,386,541	...............................-	................................-
22.	Net adjustment in assets and liabilities due to foreign exchange......................................rates	...............................	...............................	...............................	................................
23.	Receivables from parent, subsidiaries and a liates	70,978,379	...............................	70,978,379	61,741,149
24.	Health care ($ ) and other amounts receivable	...............................	...............................	...............................	................................
25.	Aggregate write-ins for other-than-invested assets	384,933,573	30,041,512	354,892,061	345,384,534
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines.........................................................................................12 to 25)	5,438,865,888	63,130,510	5,375,735,378	4,674,111,703
27.	From Separate Accounts, Segregated Accounts and Protected Cell Accounts	...............................	...............................	...............................	................................
28.	.........................................................................................Total (Lines 26 and 27)	5,438,865,888	63,130,510	5,375,735,378	4,674,111,703
Details of Write-Ins
1101.	............................................................................................................................................	...............................	...............................	...............................	................................
1102.	............................................................................................................................................	...............................	...............................	...............................	................................
1103.	............................................................................................................................................	...............................	...............................	...............................	................................
1198. Summary of remaining write-ins for Line 11 from over ow......................................page	...............................	...............................	...............................	................................
1199. Totals (Lines 1101 through 1103 plus 1198) (Line 11 above)	...............................	...............................	...............................	................................
2501. Premium Tax Receivable	...............................726,990	...............................	...............................726,990	................................709,243
2502. Annuity	...............................394,474	...............................	...............................394,474	................................628,757
2503. COLI............................................................................................................................................Assets	352,601,891	...............................	352,601,891	344,042,599
2598. Summary of remaining write-ins for Line 25 from over ow......................................page	31,210,218	30,041,512	1,168,706	................................3,935
2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)	384,933,573	30,041,512	354,892,061	345,384,534

Quarterly Statement as of June 30, 2023 of the Trinity Universal Insurance Company

LIABILITIES, SURPLUS AND OTHER FUNDS

				1	2
				Current	December 31,
				Statement Date	Prior Year
1.	Losses (current accident year $ 748,380,578)	1,968,722,090	1,721,516,179
2.	Reinsurance payable on paid losses and loss adjustment expenses	..............................695,234	2,969,540
3.	Loss adjustment expenses	442,130,459	359,494,438
4.	Commissions payable, contingent commissions and other......................................................................................................similar charges	..............................564,058	..............................494,258
5.	Other expenses (excluding taxes, licenses and fees)	......................................................................................................	6,364,608	14,011,598
6.	Taxes, licenses and fees (excluding federal and foreign income......................................................................................................taxes)	..............................150,018	..............................125,154
7.1	Current federal and foreign income taxes (including $	on realized capital gains (losses))	..............................	..............................
7.2	Net deferred tax liability	..............................	..............................
8.	Borrowed money $	and interest thereon $	......................................................................................................	..............................	..............................

9. Unearned premiums (after deducting unearned premiums for ceded reinsurance of $ 53 and including warranty


	reserves of $	and accrued accident and health experience rating refunds including $	for medical loss ratio
	rebate per the Public Health Service.........................................................................................................................................................Act)	1,501,563,857	1,425,564,605
10.	Advance premium	..............................167,484	..............................148,301
11.	Dividends declared and unpaid:
	11.1	Stockholders	..............................	..............................
	11.2	Policyholders	..............................	..............................
12.	Ceded reinsurance premiums payable (net of ceding commissions)	3,129,287
13.	Funds held by company under reinsurance treaties	..............................
14.	Amounts withheld or retained by company for account of others	..............................38,944	..............................498,578
15.	Remittances and items not allocated	7,972,018	..............................430,231
16.	Provision for reinsurance (including $	certi ed)	..............................
17.	Net adjustments in assets and liabilities due to foreign exchange......................................................................................................rates	..............................
18.	Drafts outstanding	..............................	..............................
19.	Payable to parent, subsidiaries.........................................................................................................................................................and a	liates	39,648,687	71,674,066
20.	Derivatives		..............................	..............................
21.	Payable for securities	2,855,911	9,245,939
22.	Payable for securities lending	..............................	..............................
23.	Liability for amounts held under uninsured plans	..............................
24.	Capital notes $	and interest.........................................................................................................................................................thereon $	..............................
25.	Aggregatewrite-insfor liabilities	24,468,800	21,112,900
26.	Total liabilities excluding protected cell liabilities (Lines 1 through......................................................................................................25)	3,995,342,169	3,630,415,073
27.	Protected cell liabilities	..............................	..............................
28.	Total liabilities (Lines 26 and.........................................................................................................................................................27)	3,995,342,169	3,630,415,073
29.	Aggregatewrite-insfor special.........................................................................................................................................................surplus funds	..............................
30.	Common capital stock	3,250,000	3,250,000
31.	Preferred capital stock	..............................	..............................
32.	Aggregatewrite-insforother-than-specialsurplus funds	..............................
33.	Surplus............................................................................................................................................................................................................notes		..............................	..............................
34.	Gross paid in and contributed.........................................................................................................................................................surplus	1,557,770,493	1,133,752,936
35.	Unassigned funds (surplus)	(180,624,784)	(93,303,807)

36. Less treasury stock, at cost:

36.1	shares common (value included in Line 30	$	)	..............................2,500	..............................2,500
36.2	shares preferred (value included in Line 31	$	)	..............................	..............................
......................................................................................................37. Surplus as regards policyholders (Lines 29 to 35, less 36)	1,380,393,209	1,043,696,629
.........................................................................................................................................................38. Totals (Page 2, Line 28, Col. 3)		5,375,735,378	4,674,111,703
Details of Write-Ins
2501. Deferred Gain On Securities		..............................121,416	..............................121,418
2502. Escheat			15,459,821	12,347,667
2503. Deferred Income		4,873,345	4,054,363
2598. Summary of remainingwrite-insfor Line 25 from over ow......................................................................................................page	4,014,218	4,589,452
2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)	24,468,800	21,112,900
2901			..............................	..............................
2902			..............................	..............................
2903			..............................	..............................
2998. Summary of remainingwrite-insfor Line 29 from over ow......................................................................................................page	..............................	..............................
2999. Totals (Lines 2901 through 2903 plus 2998) (Line 29 above)	..............................	..............................
3201			..............................	..............................
3202			..............................	..............................
3203			..............................	..............................
3298. Summary of remainingwrite-insfor Line 32 from over ow......................................................................................................page	..............................	..............................
3299. Totals (Lines 3201 through 3203 plus 3298) (Line 32 above)	..............................	..............................

Quarterly Statement as of June 30, 2023 of the Trinity Universal Insurance Company

STATEMENT OF INCOME

1	2	3
		Prior Year Ended
Current Year to Date	Prior Year to Date	December 31

Underwriting Income

1. Premiums earned:

1.1.	Direct (written $ 1,149,600)	......................................3,184,067	......................................5,553,185	......................................10,308,368
1.2.	Assumed (written $ 2,009,517,584)	1,931,484,483	1,813,266,487	3,558,585,788
1.3.	Ceded (written $ 9,453,663)	......................................9,454,280	......................................15,530,988	......................................31,423,214
1.4	Net (written $ 2,001,213,522)	1,925,214,270	1,803,288,684	3,537,470,941

Deductions:

2. Losses incurred (current accident year $907,969,443 ):

	2.1	Direct	......................................4,094,752	......................................5,283,844	......................................7,001,181
	2.2	Assumed	1,326,429,899	1,298,734,193	2,570,198,663
	2.3	Ceded	......................................(5,541,944)	......................................806,675	......................................860,305
	2.4	Net	1,336,066,595	1,303,211,362	2,576,339,537
3.	Loss adjustment expenses incurred	......................................331,484,282	......................................256,367,489	......................................489,443,057
4.	Other underwriting expenses incurred	......................................549,415,341	......................................465,918,610	......................................915,415,037
5.	Aggregatewrite-insfor underwriting....................................................................................................deductions	......................................43,454	......................................(240,339)	......................................
6.	Total underwriting deductions (Lines....................................................................................................2 through 5)	2,217,009,672	2,025,257,122	3,981,197,630
7.	Net income of protected cells	......................................	......................................	......................................
8.	.................................................Net underwriting gain (loss) (Line 1 minus Line 6 + Line 7)	......................................(291,795,402)	......................................(221,968,438)	......................................(443,726,689)
		Investment Income
9.	Net investment income earned	......................................77,753,269	......................................50,021,413	......................................115,018,878
10.	Net realized capital gains (losses) less capital gains tax of $ (225,134)	......................................(846,931)	......................................(14,924,557)	......................................(14,666,496)
11.	....................................................................................................Net investment gain (loss) (Lines 9 + 10)	......................................76,906,338	......................................35,096,856	......................................100,352,382
		Other Income

12. Net gain or (loss) from agents' or premium balances charged off (amount recovered $

	amount charged off $ 20,675,679)	......................................(20,675,679)	......................................(24,758,727)	......................................(43,550,467)
13.	Finance and service charges not included in premiums	......................................80,631,463	......................................92,946,031	......................................172,577,336
14.	Aggregatewrite-insfor miscellaneous....................................................................................................income	......................................9,328,659	......................................10,987,010	......................................23,054,747
15.	....................................................................................................Total other income (Lines 12 through 14)	......................................69,284,443	......................................79,174,314	......................................152,081,616

16. Net income before dividends to policyholders, after capital gains tax and before all other federal

	and foreign income taxes (Lines 8....................................................................................................+ 11 + 15)	......................................(145,604,621)	......................................(107,697,269)	......................................(191,292,691)
17.	Dividends to policyholders	......................................	......................................	......................................
18.	Net income, after dividends to policyholders, after capital gains tax and before all other federal
	and foreign income taxes (Line 16....................................................................................................minus Line 17)	......................................(145,604,621)	......................................(107,697,269)	......................................(191,292,691)
19.	Federal and foreign income taxes....................................................................................................incurred	......................................438,618	......................................(34,643,663)	......................................(8,779,622)
20.	....................................................................................................Net income (Line 18 minus Line 19) (to Line 22)	......................................(146,043,239)	......................................(73,053,606)	......................................(182,513,069)
21.	Capital and Surplus Account
Surplus as regards policyholders, December 31 prior year	1,043,696,629	......................................990,675,790	......................................990,675,790
22.	Net income (from Line 20)	......................................(146,043,239)	......................................(73,053,606)	......................................(182,513,069)
23.	Net transfers (to) from Protected....................................................................................................Cell accounts	......................................	......................................	......................................
24.	Change in net unrealized capital gains or (losses) less capital gains tax of $ 1,117,185	......................................15,141,867	......................................726,126	......................................(16,413,387)
25.	Change in net unrealized foreign exchange capital gain (loss)	......................................	......................................	......................................
26.	Change in net deferred income tax	......................................32,322,735	......................................(7,538,087)	......................................35,036,120
27.	Change in nonadmitted assets	......................................4,487,042	......................................12,506,784	......................................17,081,770
28.	Change in provision for reinsurance	......................................	......................................	......................................
29.	Change in surplus notes	......................................	......................................	......................................
30.	Surplus (contributed to) withdrawn from protected cells	......................................	......................................	......................................
31.	Cumulative effect of changes in accounting principles	......................................	......................................	......................................
32.	Capital changes:
	32.1. Paid............................................................................................................................................in	......................................	......................................	......................................
	32.2. Transferred from surplus (Stock Dividend)	......................................	......................................	......................................
	32.3. Transferred to surplus	......................................	......................................	......................................
33.	Surplus adjustments:
	33.1. Paid............................................................................................................................................in	......................................424,017,557	......................................125,000,000	......................................200,000,000
	33.2. Transferred to capital (Stock Dividend)	......................................	......................................	......................................
	33.3. Transferred from capital	......................................	......................................	......................................
34.	Net remittances from or (to) Home....................................................................................................O ce	......................................	......................................	......................................
35.	Dividends to stockholders	......................................	......................................	......................................
36.	Change in treasury stock	......................................-	......................................	......................................-
37.	Aggregatewrite-insfor gains and....................................................................................................losses in surplus	......................................6,770,618	......................................(170,596)	......................................(170,596)
38.	.................................................Change in surplus as regards policyholders (Lines 22 through 37)	......................................336,696,580	......................................57,470,621	......................................53,020,839
39.	.................................................Surplus as regards policyholders, as of statement date (Lines 21 plus 38)	1,380,393,209	1,048,146,411	1,043,696,629
Details of Write-Ins
0501.	Other.......................................................................................................................................................Legal	......................................43,454	......................................(240,339)	......................................
0502.	.......................................................................................................................................................	......................................	......................................	......................................
0503.	.......................................................................................................................................................	......................................	......................................	......................................
0598.	Summary of remaining write-ins for Line 5 from over ow page	......................................	......................................	......................................
0599.	Totals (Lines 0501 through 0503 plus 0598) (Line 5 above)	......................................43,454	......................................(240,339)	......................................
1401.	COLI.......................................................................................................................................................Income	......................................8,559,292	......................................11,030,501	......................................21,793,873
1402.	Other.......................................................................................................................................................Income	......................................1,350,579	......................................1,441,004	......................................2,736,981
1403.	Gain.......................................................................................................................................................orLoss-EDP	......................................(581,212)	......................................(1,484,495)	......................................(1,476,107)
1498.	Summary of remaining write-ins for Line 14 from over ow page	......................................	......................................	......................................
1499.	Totals (Lines 1401 through 1403 plus 1498) (Line 14 above)	......................................9,328,659	......................................10,987,010	......................................23,054,747
3701.	Prior Period Commission Adjustment	......................................6,770,618	......................................	......................................
3702.	Lease accounting correction	......................................	......................................(170,596)	......................................(170,596)
3703.	.......................................................................................................................................................	......................................	......................................	......................................
3798.	Summary of remaining write-ins for Line 37 from over ow page	......................................	......................................	......................................
3799.	Totals (Lines 3701 through 3703 plus 3798) (Line 37 above)	......................................6,770,618	......................................(170,596)	......................................(170,596)

Quarterly Statement as of June 30, 2023 of the Trinity Universal Insurance Company

CASH FLOW

		1	2	3
				Prior Year Ended
		Current Year To Date	Prior Year To Date	December 31
	Cash from Operations
1.	Premiums collected net of reinsurance	2,020,426,639	1,822,366,772	3,503,000,320
2.	Net investment income	......................................66,108,834	49,335,259	......................................106,882,464
3.	Miscellaneous income	......................................69,284,443	79,174,314	......................................152,081,616
4.	Total..........................................................................................................................................................(Lines 1 to 3)	2,155,819,916	1,950,876,345	3,761,964,400
5.	Bene t and loss related payments	1,087,085,160	1,303,874,767	2,551,536,240
6.	Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts.	......................................	......................................	......................................
7.	Commissions, expenses paid and aggregate write-ins for deductions	......................................805,859,381	700,900,208	1,361,689,058
8.	Dividends paid to policyholders	......................................	......................................	......................................
9.	Federal and foreign income taxes paid (recovered) net of $ tax on capital gains (losses) .	......................................(107,379,750)	......................................	......................................4,151,595
10.	Total (Lines 5 through 9)	1,785,564,790	2,004,774,975	3,917,376,893
11.	Net cash from operations (Line 4.......................................................................................................minus Line 10)	370,255,126	(53,898,631)	(155,412,494)
	Cash from Investments
12.	Proceeds from investments sold, matured or repaid:
	12.1 Bonds	......................................228,479,187	288,149,695	......................................389,176,934
	12.2 Stocks	......................................18,894	......................................	......................................22,055,627
	12.3 Mortgage..................................................................................................................................................loans	......................................36,885,318	42,103,297	......................................86,786,805
	12.4 Real..................................................................................................................................................estate	......................................	......................................	......................................
	12.5 Other invested assets	......................................10,414,768	37,705,750	......................................129,347,553
	12.6 Net gains or (losses) on cash, cash equivalents and short-term investments	......................................225,930	(88,163)	......................................
	12.7 Miscellaneous proceeds	......................................-	20,696,522	......................................9,245,801
	12.8 Total investment proceeds (Lines.....12.1.........................................................................................to 12.7)	......................................276,024,097	388,567,100	......................................636,612,720
13.	Cost of investments acquired (long-term only):
	13.1 Bonds	......................................137,587,245	323,603,908	......................................471,892,288
	13.2 Stocks	......................................7,332,814	2,002,600	......................................2,032,400
	13.3 Mortgage..................................................................................................................................................loans	......................................86,372,079	45,035,174	......................................81,214,558
	13.4 Real..................................................................................................................................................estate	......................................	......................................	......................................
	13.5 Other invested assets	......................................23,669,062	24,615,499	......................................63,865,780
	13.6 Miscellaneous applications	......................................11,692,988	......................................	......................................25,670,751
	13.7 Total investments acquired (Lines......13.1........................................................................................to 13.6)	266,654,189	395,257,181	644,675,777
14.	Net increase (or decrease) in contract loans and premium notes	......................................	......................................	......................................
15.	Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)	9,369,908	(6,690,081)	(8,063,057)
	Cash from Financing and Miscellaneous Sources
16.	Cash provided (applied):
	16.1 Surplus notes, capital notes	......................................	......................................	......................................
	16.2 Capital and paid in surplus, less treasury...............................................................................................stock	......................................136,701,822	125,000,000	......................................200,000,000
	16.3 Borrowed..................................................................................................................................................funds	......................................	(801,826)	......................................(801,826)
	16.4 Net deposits on deposit-type contracts and other insurance liabilities	......................................	......................................	......................................
	16.5 Dividends to stockholders	......................................	......................................	......................................
	16.6 Other cash provided (applied)	......................................(526,178,922)	(30,787,924)	......................................(69,838,603)
17.	Net cash from nancing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5
	plus..........................................................................................................................................................Line 16.6)	......................................(389,477,101)	93,410,251	......................................129,359,572
	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) .	......................................(9,852,067)	32,821,539	......................................(34,115,979)
19.	Cash, cash equivalents and short-term investments:
	19.1 Beginning..................................................................................................................................................of year	......................................(55,700,631)	(21,584,652)	......................................(21,584,652)
	19.2 End of period (Line 18 plus Line 19...1)	......................................(65,552,698)	11,236,888	......................................(55,700,631)
Note: Supplemental disclosures of cash ow information for non-cash transactions:
...............................................................................................20.0001. Capitalized Interest	......................................479,261	......................................	......................................
20.0002. Intercompany asset transfer	......................................32,771,845	......................................	......................................3,303,853
20.0003. Investment conversions	......................................375,684	......................................	......................................1,599,863
20.0004. Intercompany asset transfer Assumption Reinsurance	......................................522,436,285	......................................	......................................
20.0005. Capital Contribution from Parent	......................................287,315,735	......................................	......................................
20.0006. Dividend from Subsdidiaries	......................................1,836,128	......................................	......................................304,749

Attachments

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Kemper Corporation published this content on 22 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2023 20:02:57 UTC.

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