STATEMENT AS OF
STATEMENT OF INCOME
1
2
3
Current
Prior Year
Prior Year Ended
Year to Date
to Date
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,
…………….. 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)
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.