Official NAIC Annual Statement Instructions Distribution

Official NAIC Annual Statement Instructions

Title ibution For the 2020 reporting year tr Adopted by the NAIC as of June 2020

for Dis UPDATES TO THESE INSTRUCTIONS t There may be modifications to these instructions from year to year. As such, guidance is subject to the

maintenance process. Revision bars in the left margin identify changes from the previous year, and

o modifications that may occur during the current year are made available on the NAIC website at N .

CONTENT QUESTIONS

Questions regarding the content of these instructions should be directed to Calvin Ferguson, Senior Insurance Reporting Analyst, at cferguson@.

ORDER INQUIRIES

Order inquiries may be addressed by an NAIC customer service representative at prodserv@.

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? 1992-2020 National Association of Insurance Commissioners. All rights reserved.

ISBN: 978-1-64179-082-6

Printed in the United States of America

No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any storage or retrieval system, without written permission from the NAIC.

NAIC Executive Office 444 North Capitol Street, NW Suite 700 Washington, DC 20001 202.471.3990

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Annual Statement General

TABLE OF CONTENTS

Page #

Foreword...................................................................................................................................................................................... 1 General......................................................................................................................................................................................... 3 Actuarial Opinion ........................................................................................................................................................................ 7 Annual Audited Financial Reports............................................................................................................................................. 17 Management's Discussion and Analysis.................................................................................................................................... 19

Financial Statement

Jurat Page................................................................................................................................................................................... 25 Assets......................................................................................................................................................................................... 30 Liabilities, Surplus and Other Funds ......................................................................................................................................... 39 Operations and Investment Exhibit ? Statement of Income and Capital and Surplus Account ............................................ 45

n Cash Flow .................................................................................................................................................................................. 51

Operations and Investment Exhibit

tio Part 1A ? Summary of Title Insurance Premiums Written and Related Revenues...................................... 65

Part 1B ? Premiums Earned Exhibit............................................................................................................ 67 Part 2A ? Losses Paid and Incurred............................................................................................................. 69

u Part 2B ? Unpaid Losses and Loss Adjustment Expenses .......................................................................... 71 ib Part 3 ? Expenses...................................................................................................................................... 74

Part 4 ? Net Operating Gain/Loss Exhibit ................................................................................................ 90

tr Exhibit of Net Investment Income ............................................................................................................................................. 93

Exhibit of Capital Gains (Losses) .............................................................................................................................................. 97

is Exhibit of Nonadmitted Assets ................................................................................................................................................ 100

Notes to Financial Statements.................................................................................................................................................. 101 General Interrogatories ............................................................................................................................................................ 237

D Five-Year Historical Data ........................................................................................................................................................ 242

State Page ................................................................................................................................................................................ 249

r Schedule E ? Part 1D ? Summary ? Segregated Funds Held for Others and Company Funds on Hand and on Deposit ................................................................................................................. 253

fo Schedule F General Instructions........................................................................................................................................ 255 t Part 1 ? Assumed Reinsurance as of December 31, Current Year.......................................................... 260 Part 2 ? Ceded Reinsurance as of December 31, Current Year .............................................................. 263 o Part 3 ? Provision for Unauthorized Reinsurance as of December 31, Current Year ............................. 267 NPart 4 ? Provision for Reinsurance Ceded to Certified Reinsurers as of December 31, Current Year ........................................................................................................................................... 270 Schedule H

Part 1 ? Title Plants Owned at December 31 Current Year and Basis of Valuation ............................... 275 Part 2 ? Title Plants Acquired During the Year ...................................................................................... 277 Part 3 ? Title Plants Sold or Otherwise Disposed of During the Year.................................................... 279 Verification Between Years............................................................................................................................ 281 Part 4 ? Total Title Assets Held Directly or By Subsidiaries ................................................................. 282

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Title 2020

Page # Schedule P

General Instructions........................................................................................................................................ 283 Part 1 ? Summary ................................................................................................................................... 285 Part 1A ? Policies Written Directly ........................................................................................................... 287 Part 1B ? Policies Written Through Agents .............................................................................................. 287 Part 2............................................................................................................................................................... 287 Part 2A ............................................................................................................................................................ 287 Part 2B ............................................................................................................................................................ 288 Part 2C ............................................................................................................................................................ 288 Part 2D ............................................................................................................................................................ 288 Part 3............................................................................................................................................................... 288 Part 3A ............................................................................................................................................................ 289

n Part 3B ............................................................................................................................................................ 289

Part 3C ............................................................................................................................................................ 289

tio Part 4............................................................................................................................................................... 289

Part 4A ............................................................................................................................................................ 289 Part 4B ............................................................................................................................................................ 290

u Part 4C ............................................................................................................................................................ 290

Part 5............................................................................................................................................................... 290

ib Part 5A ............................................................................................................................................................ 290 tr Part 5B ............................................................................................................................................................ 290

Part 5C ............................................................................................................................................................ 290 Schedule T ? Exhibit of Premiums Written Premium and Annuity Considerations ............................................................. 291

is Schedule Y ? Information Concerning Activities of Insurer Members of a Holding Company Group Part 1 ? Organizational Chart ................................................................................................................. 295 Part 1A ? Detail of Insurance Holding Company System ......................................................................... 296 D Part 2 ? Summary of Insurer's Transactions with Any Affiliates ........................................................... 300

r Investment Schedules fo Investment Schedules General Instructions ............................................................................................................................. 303

Summary Investment Schedules and Verifications (SI Pages) Summary Investment Schedule ...................................................................................................................... 311

t Schedule A ? Verification Between Years ? Real Estate...................................................................... 319 o Schedule B ? Verification Between Years ? Mortgage Loans.............................................................. 321

Schedule BA ? Verification Between Years ? Long-Term Invested Assets............................................ 323

NSchedule D Verification Between Years ? Bonds and Stocks ........................................................... 325 Summary By Country ? Long-Term Bonds and Stocks Owned December 31 of Current Year ............................................................................ 327 Part 1A Section 1 ? Quality and Maturity Distribution of All Bonds Owned December 31 by Major Type and NAIC Designation ............. 328 Section 2 ? Maturity Distribution of All Bonds Owned December 31 by Major Type and Sub-Type ........................... 331

?1992 ? 2020 National Association of Insurance Commissioners

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Page #

Schedule DA ? Verification Between Years ? Short-Term Investments ................................................. 334

Schedule DB

Part A ? Verification Between Years ? Options, Caps, Floors, Collars, Swaps and Forwards .............................................. 336

Part B ? Verification Between Years ? Futures Contracts ........................................ 337

Part C

Section 1 ? Replication (Synthetic Asset) Transactions (RSAT) Open on December 31 of Current Year................................... 339

Section 2 ? Reconciliation of Replication (Synthetic Asset) Transactions Open................................................................... 341

Verification ........................................................................................................................ 342

Schedule E

Part 2 ? Verification Between Years ? Cash Equivalents ..................................... 343

n Detail Investment Schedules (E Pages) Schedule A tio Part 1 ? Real Estate Owned December 31 of Current Year ......................................... 345 Part 2 ? Real Estate Acquired and Additions Made During the Year .......................... 350

Part 3 ? Real Estate Disposed During the Year ........................................................... 353

u Schedule B General Instructions ........................................................................................................... 357 ib Part 1 ? Mortgage Loans Owned December 31 of Current Year ................................. 360 tr Part 2 ? Mortgage Loans Acquired During the Year ................................................... 363 Part 3 ? Mortgage Loans Disposed, Transferred or Repaid in During the Year .......... 365

Schedule BA

is General Instructions ........................................................................................................... 369

Part 1 ? Other Long-Term Invested Assets Owned December 31 of Current Year ................................................................................................................ 375

D Part 2 ? Other Long-Term Invested Assets Acquired During the Year ....................... 383 r Part 3 ? Other Long-Term Invested Assets Disposed, Transferred or Paid in

Full During the Year....................................................................................... 387

fo Schedule D Part 1 ? Long-Term Bonds Owned December 31 of Current Year.............................. 393

Part 2

t Section 1 ? Preferred Stocks Owned December 31 of Current Year.......... 409 o Section 2 ? Common Stocks Owned December 31 of Current Year.......... 418

Part 3 ? Long-Term Bonds and Stocks Acquired During Current Year ...................... 427

N Part 4 ? Long-Term Bonds and Stocks Sold, Redeemed or Otherwise Disposed of During Current Year................................................................................... 432

Part 5 ? Long-Term Bonds and Stocks Acquired During the Current Year and Fully Disposed of During Current Year ......................................................... 439

Part 6

Section 1 ? Valuation of Shares of Subsidiary, Controlled or Affiliated Companies .............................................................. 446

Section 2 ......................................................................................................... 450

Schedule DA ? Part 1 ? Short-Term Investments Owned December 31 of Current Year .................... 451

?1992 ? 2020 National Association of Insurance Commissioners

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Page #

Schedule DB

Derivative Instruments ? General Instructions............................................................... 459

Part A

General Instructions........................................................................................ 462

Section 1 ? Options, Caps, Floors, Collars, Swaps and Forwards Open December 31 of Current Year........................................ 467

Section 2 ? Options, Caps, Floors, Collars, Swaps and Forwards Terminated During the Year.................................................... 475

Part B

General Instructions........................................................................................ 481

ution Schedule DL istrib Schedule E

Section 1 ? Futures Contracts Open December 31 of Current Year........... 483

Section 2 ? Futures Contracts Terminated During the Year....................... 489

Part D

Section 1 ? Counterparty Exposure for Derivative Instruments Open December 31 of Current Year........................................ 493

Section 2 ? Collateral for Derivative Instruments Open December 31 of Current Year ................................................. 497

Part E ? Derivatives Hedging Variable Annuity Guarantees ....................................... 499

Part 1 Part 2

? Securities Lending Collateral Assets (Aggregated on Line 10 of the Asset Page) ..................................................................................................... 501

? Securities Lending Collateral Assets (Not Aggregated on Line 10 of the Asset Page) ............................................................................................... 510

Part 1 Part 2 Part 3

? Cash ................................................................................................................ 519 ? Cash Equivalents ............................................................................................ 521 ? Special Deposits ............................................................................................. 526

D Annual Supplements

r Supplemental Investment Risks Interrogatories ...................................................................................................................... 529

Schedule SIS ? Stockholder Information Supplement ......................................................................................................... 535

fo Supplemental Compensation Exhibit....................................................................................................................................... 537

Supplemental Schedule of Business Written By Agency ........................................................................................................ 540

t Appendix

o Bar Codes ................................................................................................................................................................................ 541 N Country of Domicile Abbreviations......................................................................................................................................... 543

EDITOR'S NOTE:

Some statement pages and items are considered self-explanatory and have no instructions other than what appears on the printed statement blank.

?1992 ? 2020 National Association of Insurance Commissioners

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Title 2020

Annual Statement General

Not for Distribution

INSTRUCTIONS

For Completing Title Annual Statement Blank

FOREWORD

Line titles and columnar headings of the various statement items and lines are in general self-explanatory and as such constitute instructions. Specific instructions are prescribed for items and lines about which there might be questions as to content. Make any entry for which no specific instruction appears in accordance with sound insurance accounting principles and in a manner consistent with related items and lines covered by specific instructions. The NAIC Accounting Practices and Procedures Manual is one reference for guidance concerning statutory accounting principles.

For U.S. branches of non-U.S. insurers:

In completing the annual statement blank, report all business done by the U.S. branch in the United States. The difference between the amounts reported on the Asset page, Line 28, Net Admitted Assets Column and the Liability page, Line 23, Total Liabilities shall be reported on the Liability page, Line 30.

n The format of the annual statement facilitates data capture. Therefore, do not change the captions for pre-printed items, lines, tio or columns and do not insert write-ins between pre-printed items, lines or columns (however, these requirements do not apply

to the signature lines on the Jurat Page). An entry for which no specific pre-printed line title appears (for example, Deferred Option Income) should be included in the appropriate write-in line for each schedule or applicable page. Include an identifying title with each entry. Report write-in lines in descending order. The statement provides a limited number of lines

u for write-ins in each applicable section. Do not modify these pre-printed write-in detail schedules. If there is not sufficient

room in a write-in detail schedule to accommodate all write-ins to be reported therein, report the write-in detail overflow on

ib pages sequentially numbered beginning with Page 47 (Overflow page), followed by 47.1, 47.2, etc. In such instances, carry

the summary of write-in overflow lines from this page to the prescribed line in the write-in detail schedule.

tr Each overflow write-in section should adhere to the following example: is Page 2

r D 2501.

2502.

fo 2503.

2598. 2599.

ASSETS DETAILS OF WRITE-INS AGGREGATED AT LINE 25 FOR OTHER-THAN-INVESTED-ASSETS

Write-in caption aaaa Write-in caption bbbb Write-in caption cccc Summary of remaining write-ins for Line 25 from Overflow page TOTAL (Lines 2501 through 2503 plus 2598) (Page 2, Line 25)

$

500,000

350,000

250,000

300,000

$

1,400,000

Not Overflow Page

Page 2 ? Continuation

Assets

Remainder of Write-ins Aggregated in Line 25

2504. 2505. 2506. 2507. 2508. 2509. 2597.

Write-in caption dddd Write-in caption eeee Write-in caption ffff Write-in caption gggg Write-in caption hhhh Write-in caption iiii Summary of remaining write-ins for Line 25 (Lines 2504 through 2596) (Page 2, Line 2598)

$

100,000

75,000

50,000

50,000

20,000

5,000

$

300,000

?1992 ? 2020 National Association of Insurance Commissioners

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Title 2020

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