chubb combined annual statemen 8442

PROPERTYANDCASUALTYCOMPANIES-ASSOCIATIONEDITION

COMBINED ANNUAL STATEMENTFORTHEYEARENDEDDECEMBER31,2007

OFTHECONDITIONANDAFFAIRSOFTHE

COMBINED FEDERAL INSURANCE COMPANYNAICGroupCode NAICCombinedCompanyCode

MailAddress

StatementContact

This annual statement contains combined data for the Property/Casualty insurance companies listed below, compiled in accordance with the NAIC instructions for thecompletion of annual statements.

AFFILIATEDPROPERTY/CASUALTYINSURERS:

AFFILIATEDINSURER NAIC# STATE

FEDERALINSURANCECOMPANY 20281 IndianaVIGILANTINSURANCECOMPANY 20397 NewYorkGREATNORTHERNINSURANCECOMPANY 20303 IndianaPACIFICINDEMNITYCOMPANY 20346 WisconsinCHUBBCUSTOMINSURANCECOMPANY 38989 DelawareCHUBBNATIONALINSURANCECOMPANY 10052 IndianaCHUBBINDEMNITYINSURANCECOMPANY 12777 NewYorkNORTHWESTERNPACIFICINDEMNITYCOMPANY 20338 OregonTEXASPACIFICINDEMNITYCOMPANY 20389 TexasCHUBBINSURANCECOMPANYOFNEWJERSEY 41386 NewJerseyCHUBBLLOYDSINSURANCECOMPANYOFTEXAS 27774 TexasEXECUTIVERISKINDEMNITYINC. 35181 DelawareEXECUTIVERISKSPECIALTYINSURANCECOMPANY 44792 Connecticut

a.Isthisanoriginalfiling? Yes()No()

b.Ifno: 1.Statetheamendmentnumber 0

2.Datefiled

3.Numberofpagesattached 0

0038 00388

(CurrentPeriod) (PriorPeriod)

15MountainViewRoad,P.O.Box1615,Warren,NewJersey07061-1615

(StreetandNumber,CityorTown,StateandZipCode)

RonaldCalavano 908-903-2525

(Name) (AreaCode)(TelephoneNumber)(Extension)

(E-MailAddress) (FaxNumber)

0 0 3 8 8 2 0 0 7 2 0 1 0 0 1 0 0

*00388200720100100*

ANNUALSTATEMENTFORTHEYEAR2007OFTHECOMBINEDFEDERALINSURANCECOMPANY

ASSETSCurrentYear PriorYear

1 2 3 4NetAdmitted

Nonadmitted Assets(Column1 NetAdmittedAssets Assets minusColumn2) Assets

1. Bonds(ScheduleD) 24,088,834,975 0 24,088,834,975 23,576,420,035

2. Stocks(ScheduleD):

2.1 Preferredstocks 118,456,837 0 118,456,837 60,505,027

2.2 Commonstocks 5,940,373,853 96,094,876 5,844,278,977 5,212,992,207

3. Mortgageloansonrealestate(ScheduleB):

3.1 Firstliens 0 0 0 0

3.2 Otherthanfirstliens 0 0 0 0

4. Realestate(ScheduleA):

4.1 Propertiesoccupiedbythecompany(less$0encumbrances) 142,336,250 0 142,336,250 145,653,690

4.2 Propertiesheldfortheproductionofincome(less$0encumbrances) 0 0 0 0

4.3 Propertiesheldforsale(less$0encumbrances) 0 0 0 0

5. Cash($(73,937,153),ScheduleE-Part1),cashequivalents($368,032,651,ScheduleE-Part2)andshort-terminvestments($34,187,561,ScheduleDA) 328,283,059 0 328,283,059 901,209,295

6. Contractloans(including$0premiumnotes) 0 0 0 0

7. Otherinvestedassets(ScheduleBA) 2,182,940,029 5,551,636 2,177,388,393 1,359,001,335

8. Receivablesforsecurities 2,070,453 0 2,070,453 5,074,766

9. Aggregatewrite-insforinvestedassets 0 0 0 0

10. Subtotals,cashandinvestedassets(Line1throughLine9) 32,803,295,456 101,646,512 32,701,648,944 31,260,856,355

11. Titleplantsless$0chargedoff(forTitleinsurersonly) 0 0 0 0

12. Investmentincomedueandaccrued 305,479,602 0 305,479,602 301,739,295

13. Premiumsandconsiderations:

13.1 Uncollectedpremiumsandagents'balancesinthecourseofcollection 1,006,342,272 115,522,625 890,819,647 1,002,249,999

13.2 Deferredpremiums,agents'balancesandinstallmentsbookedbutdeferredandnotyetdue(including$33,550,000earnedbutunbilledpremiums) 943,169,102 3,355,000 939,814,102 920,627,421

13.3 Accruedretrospectivepremiums 0 0 0 0

14. Reinsurance:

14.1 Amountsrecoverablefromreinsurers 314,888,875 0 314,888,875 558,137,940

14.2 Fundsheldbyordepositedwithreinsuredcompanies 34,681,448 0 34,681,448 41,306,379

14.3 Otheramountsreceivableunderreinsurancecontracts 0 0 0 0

15. Amountsreceivablerelatingtouninsuredplans 0 0 0 0

16.1 Currentfederalandforeignincometaxrecoverableandinterestthereon 0 0 0 0

16.2 Netdeferredtaxasset 1,132,689,341 316,058,028 816,631,313 722,739,491

17. Guarantyfundsreceivableorondeposit 0 0 0 0

18. Electronicdataprocessingequipmentandsoftware 16,651,777 727,294 15,924,483 16,256,031

19. Furnitureandequipment,includinghealthcaredeliveryassets($0) 29,967,467 29,967,467 0 0

20. Netadjustmentinassetsandliabilitiesduetoforeignexchangerates 0 0 0 0

21. Receivablesfromparent,subsidiariesandaffiliates 75,685,754 21,423,900 54,261,854 54,934,354

22. Healthcare($0)andotheramountsreceivable 0 0 0 0

23. Aggregatewrite-insforotherthaninvestedassets 661,629,703 508,550,831 153,078,872 154,403,217

24. TotalassetsexcludingSeparateAccounts,SegregatedAccountsandProtectedCellAccounts(Line10toLine23) 37,324,480,797 1,097,251,657 36,227,229,140 35,033,250,482

25. FromSeparateAccounts,SegregatedAccountsandProtectedCellAccounts 0 0 0 0

26. TOTALS(Line24andLine25) 37,324,480,797 1,097,251,657 36,227,229,140 35,033,250,482

DETAILSOFWRITE-INS0901. 0 0 0 00902. 0 0 0 00903. 0 0 0 00998.Summaryofremainingwrite-insforLine9fromoverflowpage 0 0 0 00999.Totals(Line0901throughLine0903plusLine0998)(Line9above) 0 0 0 0

2301.EQUITIESANDDEPOSITSINPOOLSANDASSOCIATIONS 99,566,338 358 99,565,980 97,181,2122302.AMOUNTSRECEIVABLEUNDERHIGHDEDUCTIBLEPOLICIES 22,340,862 102,902 22,237,960 27,487,1392303.STATESURCHARGESRECEIVABLE 21,586,465 0 21,586,465 21,343,2732398.Summaryofremainingwrite-insforLine23fromoverflowpage 518,136,038 508,447,571 9,688,467 8,391,5932399.Totals(Line2301throughLine2303plusLine2398)(Line23above) 661,629,703 508,550,831 153,078,872 154,403,217

2


LIABILITIES, SURPLUS AND OTHER FUNDS1 2

CurrentYear PriorYear

1. Losses(Part2A,Line34,Column8) 12,833,568,690 12,778,059,181

2. Reinsurancepayableonpaidlossesandlossadjustmentexpenses(ScheduleF,Part1,Columnn6) 2,478,991 58,853,752

3. Lossadjustmentexpenses(Part2A,Line34,Column9) 3,785,225,341 3,718,260,571

4. Commissionspayable,contingentcommissionsandothersimilarcharges 135,090,622 124,803,502

5. Otherexpenses(excludingtaxes,licensesandfees) 398,666,705 417,613,425

6. Taxes,licensesandfees(excludingfederalandforeignincometaxes) 48,724,392 67,643,659

7.1 Currentfederalandforeignincometaxes(including$8,663,160onrealizedcapitalgains(losses)) 84,263,154 87,194,352

7.2 Netdeferredtaxliability 0 0

8. Borrowedmoney$0andinterestthereon$0 0 0

9. Unearnedpremiums(Part1A,Line37,Column5)(afterdeductingunearnedpremiumsforcededreinsuranceof$349,229,311andincluding

warrantyreservesof$0) 5,108,446,731 5,189,230,155

10. Advancepremium 0 0

11. Dividendsdeclaredandunpaid:

11.1Stockholders 0 0

11.2Policyholders 88,492,088 104,890,109

12. Cededreinsurancepremiumspayable(netofcedingcommissions) 140,905,790 199,724,023

13. Fundsheldbycompanyunderreinsurancetreaties(ScheduleF,Part3,Column19) 74,706,564 82,033,187

14. Amountswithheldorretainedbycompanyforaccountofothers 9,797,472 9,480,993

15. Remittancesanditemsnotallocated 114,599,318 0

16. Provisionforreinsurance(ScheduleF,Part7) 210,098,485 279,429,460

17. Netadjustmentsinassetsandliabilitiesduetoforeignexchangerates 0 0

18. Draftsoutstanding 0 0

19. Payabletoparent,subsidiariesandaffiliates 43,691,867 119,912,676

20. Payableforsecurities 16,379,024 117,878,042

21. Liabilityforamountsheldunderuninsuredplans 0 0

22. Capitalnotes$0andinterestthereon$0 0 0

23. Aggregatewrite-insforliabilities 254,635,926 400,995,764

24. Totalliabilitiesexcludingprotectedcellliabilities(Line1throughLine23) 23,349,771,160 23,756,002,851

25. Protectedcellliabilities 0 0

26. Totalliabilities(Line24andLine25) 23,349,771,160 23,756,002,851

27. Aggregatewrite-insforspecialsurplusfunds 0 0

28. Commoncapitalstock 20,980,068 20,980,068

29. Preferredcapitalstock 0 0

30. Aggregatewrite-insforotherthanspecialsurplusfunds 0 0

31. Surplusnotes 0 0

32. Grosspaidinandcontributedsurplus 3,106,790,002 3,106,790,002

33. Unassignedfunds(surplus) 9,749,687,910 8,149,477,561

34. Lesstreasurystock,atcost:

34.10sharescommon(valueincludedinLine28$0) 0 0

34.20sharespreferred(valueincludedinLine29$0) 0 0

35. Surplusasregardspolicyholders(Line27toLine33,lessLine34)(Page4,Line39) 12,877,457,980 11,277,247,631

36. Totals(Page2,Line26,Column3) 36,227,229,140 35,033,250,482

DETAILSOFWRITE-INS2301. ACCOUNTSPAYABLE-SUNDRY 174,121,225 314,875,3392302. DEPOSITLIABILITIES 56,067,355 64,072,8832303. FINANCIALGUARANTYCONTINGENCYRESERVES 15,412,346 13,573,5422398. Summaryofremainingwrite-insforLine23fromoverflowpage 9,035,000 8,474,0002399. Totals(Line2301throughLine2303plusLine2398)(Line23above) 254,635,926 400,995,764

2701. 0 02702. 0 02703. 0 02798. Summaryofremainingwrite-insforLine27fromoverflowpage 0 02799. Totals(Line2701throughLine2703plusLine2798)(Line27above) 0 0

3001. 0 03002. 0 03003. 0 03098. Summaryofremainingwrite-insforLine30fromoverflowpage 0 03099. Totals(Line3001throughLine3003plusLine3098)(Line30above) 0 0

3


STATEMENT OF INCOME1 2

UNDERWRITINGINCOMECurrentYear PriorYear

1. Premiumsearned(Part1,Line34,Column4) 9,767,292,077 9,990,564,170

DEDUCTIONS

2. Lossesincurred(Part2,Line34,Column7) 3,894,598,381 4,143,177,172

3. Lossexpensesincurred(Part3,Line25,Column1) 1,231,648,343 1,359,192,671

4. Otherunderwritingexpensesincurred(Part3,Line25,Column2) 2,801,009,232 2,820,795,428

5. Aggregatewrite-insforunderwritingdeductions 56,828 848,286

6. Totalunderwritingdeductions(Line2throughLine5) 7,927,312,784 8,324,013,557

7. Netincomeofprotectedcells 0 0

8. Netunderwritinggain(loss)(Line1minusLine6plusLine7) 1,839,979,293 1,666,550,613

INVESTMENTINCOME

9. Netinvestmentincomeearned(ExhibitofNetInvestmentIncome,Line17) 1,255,268,664 1,125,158,777

10. Netrealizedcapitalgains(losses)lesscapitalgainstaxof$96,545,191(ExhibitofCapitalGains(Losses)) 414,737,306 71,500,683

11. Netinvestmentgain(loss)(Line9plusLine10) 1,670,005,970 1,196,659,460

OTHERINCOME

12. Netgain(loss)fromagents'orpremiumbalanceschargedoff(amountrecovered$9,525,711,amountchargedoff$17,195,832) (7,670,121) (9,151,620)

13. Financeandservicechargesnotincludedinpremiums 0 0

14. Aggregatewrite-insformiscellaneousincome 29,385,547 23,778,791

15. Totalotherincome(Line12throughLine14) 21,715,426 14,627,171

16. Netincomebeforedividendstopolicyholders,aftercapitalgainstaxandbeforeallotherfederalandforeignincometaxes(Line8plusLine11plusLine15) 3,531,700,689 2,877,837,244

17. Dividendstopolicyholders 18,913,166 31,548,927

18. Netincome,afterdividendstopolicyholders,aftercapitalgainstaxandbeforeallotherfederalandforeignincometaxes(Line16minusLine17) 3,512,787,523 2,846,288,317

19. Federalandforeignincometaxesincurred 860,024,911 688,781,164

20. Netincome(Line18minusLine19)(toLine22) 2,652,762,612 2,157,507,153

CAPITALANDSURPLUSACCOUNT

21. Surplusasregardspolicyholders,December31prioryear(Page4,Line39,Column2) 11,277,247,631 8,833,288,915

22. Netincome(fromLine20) 2,652,762,612 2,157,507,153

23. Nettransfers(to)fromProtectedCellaccounts 0 0

24. Changeinnetunrealizedcapitalgainsor(losses)lesscapitalgainstaxof$150,219,232 278,978,575 517,305,716

25. Changeinnetunrealizedforeignexchangecapitalgain(loss) (6,652,732) (11,446,165)

26. Changeinnetdeferredincometax 98,660,506 (4,780,052)

27. Changeinnonadmittedassets(ExhibitofNonadmittedAssets,Line26,Column3) 17,683,952 280,741,249

28. Changeinprovisionforreinsurance(Page3,Line16,Column2minusColumn1) 69,330,975 73,470,629

29. Changeinsurplusnotes 0 0

30. Surplus(contributedto)withdrawnfromprotectedcells 0 0

31. Cumulativeeffectofchangesinaccountingprinciples 0 0

32. Capitalchanges:32.1 Paidin 0 032.2 Transferredfromsurplus(StockDividend) 0 032.3 Transferredtosurplus 0 0

33. Surplusadjustments:33.1 Paidin 0 033.2 Transferredtocapital(StockDividend) 0 033.3 Transferredfromcapital 0 0

34. Netremittancesfromor(to)HomeOffice 0 0

35. Dividendstostockholders (1,550,000,000) (650,000,000)

36. Changeintreasurystock(Page3,Line34.1andLine34.2,Column2minusColumn1) 0 0

37. Aggregatewrite-insforgainsandlossesinsurplus 39,446,461 81,160,186

38. Changeinsurplusasregardspolicyholdersfortheyear(Line22throughLine37) 1,600,210,349 2,443,958,716

39. Surplusasregardspolicyholders,December31currentyear(Line21plusLine38)(Page3,Line35) 12,877,457,980 11,277,247,631

DETAILSOFWRITE-INS0501.LADPROGRAMEXPENSE 56,828 848,2860502. 0 00503. 0 00598.Summaryofremainingwrite-insforLine5fromoverflowpage 0 00599.Totals(Line0501throughLine0503plusLine0598)(Line5above) 56,828 848,286

1401.MISCELLANEOUSINCOME 29,385,547 23,778,7911402. 0 01403. 0 01498.Summaryofremainingwrite-insforLine14fromoverflowpage 0 01499.Totals(Line1401throughLine1403plusLine1498)(Line14above) 29,385,547 23,778,791

3701.CORRECTIONOFERROR 41,285,265 82,998,9873702.PROVISIONFORFINANCIALGUARANTYCONTINGENCYLIABILITIES (1,838,804) (1,838,801)3703. 0 03798.Summaryofremainingwrite-insforLine37fromoverflowpage 0 03799.Totals(Line3701throughLine3703plusLine3798)(Line37above) 39,446,461 81,160,186

4


CASH FLOW1 2

CurrentYear PriorYear

CashfromOperations

1. Premiumscollectednetofreinsurance 9,703,446,092 9,839,432,6442. Netinvestmentincome 1,449,880,091 1,311,829,9883. Miscellaneousincome (47,790,207) 88,321,217

4. Total(Line1throughLine3) 11,105,535,976 11,239,583,849

5. Benefitandlossrelatedpayments 3,636,914,866 3,998,526,8696. NettransferstoSeparateAccounts,SegregatedAccountsandProtectedCellAccounts 0 07. Commissions,expensespaidandaggregatewrite-insfordeductions 4,008,689,607 3,853,722,2978. Dividendspaidtopolicyholders 35,311,187 18,638,9649. Federalandforeignincometaxespaid(recovered)netof$92,082,031taxoncapitalgains(losses) 959,501,300 822,862,150

10. Total(Line5throughLine9) 8,640,416,960 8,693,750,280

11. Netcashfromoperations(Line4minusLine10) 2,465,119,016 2,545,833,569

CashfromInvestments

12. Proceedsfrominvestmentssold,maturedorrepaid:12.1 Bonds 4,806,541,003 3,398,066,39912.2 Stocks 1,333,442,235 249,796,75412.3 Mortgageloans 0 012.4 Realestate 0 17,729,85712.5 Otherinvestedassets 392,883,671 241,393,58312.6 Netgainsor(losses)oncash,cashequivalentsandshort-terminvestments 5,086,892 9,468,98012.7 Miscellaneousproceeds 3,093,692 17,504,760

12.8 Totalinvestmentproceeds(Line12.1throughLine12.7) 6,541,047,493 3,933,960,333

13. Costofinvestmentsacquired(long-termonly):13.1 Bonds 5,486,630,866 4,422,155,20413.2 Stocks 1,576,368,146 650,916,65213.3 Mortgageloans 0 013.4 Realestate 287,108 013.5 Otherinvestedassets 759,068,861 403,876,00713.6 Miscellaneousapplications 101,488,631 (24,197,244)

13.7 Totalinvestmentsacquired(Line13.1throughLine13.6) 7,923,843,612 5,452,750,619

14. Netincrease(decrease)incontractloansandpremiumnotes 0 0

15. Netcashfrominvestments(Line12.8minusLine13.7minusLine14) (1,382,796,119) (1,518,790,286)

CashfromFinancingandMiscellaneousSources

16. Cashprovided(applied):16.1 Surplusnotes,capitalnotes 0 016.2 Capitalandpaidinsurplus,lesstreasurystock 0 016.3 Borrowedfunds 0 016.4 Netdepositsondeposit-typecontractsandotherinsuranceliabilities 0 016.5 Dividendstostockholders 1,550,000,000 650,000,00016.6 Othercashprovided(applied) (91,968,581) 68,624,004

17. Netcashfromfinancingandmiscellaneoussources(Line16.1throughLine16.4minusLine16.5plusLine16.6) (1,641,968,581) (581,375,996)

RECONCILIATIONOFCASH,CASHEQUIVALENTSANDSHORT-TERMINVESTMENTS

18. Netchangeincash,cashequivalentsandshort-terminvestments(Line11plusLine15plusLine17) (559,645,684) 445,667,287

19. Cash,cashequivalentsandshort-terminvestments:19.1 Beginningofperiod 887,928,743 455,542,00819.2 Endofyear(Line18plusLine19.1) 328,283,059 901,209,295

Note:Supplementaldisclosuresofcashflowinformationfornon-cashtransactions:

20.0001 0 020.0002 0 020.0003 0 020.0004 0 020.0005 0 020.0006 0 020.0007 0 020.0008 0 020.0009 0 020.0010 0 0

5


UNDERWRITING AND INVESTMENT EXHIBITPART1-PREMIUMSEARNED

1 2 3 4Unearned UnearnedPremiums Premiums Premiums

Net December31 December31 EarnedPremiums PriorYear- CurrentYear- DuringYearWrittenper perColumn3,Last perColumn5 (Columns

LineofBusiness Column6,Part1B Year'sPart1 Part1A 1plus2minus3)

1. Fire 39,404,517 18,707,812 31,147,676 26,964,653

2. Alliedlines 24,386,578 8,823,865 12,996,893 20,213,550

3. Farmownersmultipleperil 0 0 0 0

4. Homeownersmultipleperil 1,698,016,815 893,790,931 944,461,793 1,647,345,953

5. Commercialmultipleperil 1,565,532,819 856,415,974 827,452,668 1,594,496,125

6. Mortgageguaranty 0 0 0 0

8. Oceanmarine 198,350,532 72,643,374 78,022,057 192,971,849

9. Inlandmarine 476,532,305 246,625,795 264,062,552 459,095,548

10. Financialguaranty 3,677,599 1,409,748 1,409,747 3,677,600

11.1 Medicalmalpractice-occurrence 7,655,564 10,845,871 3,272,878 15,228,557

11.2 Medicalmalpractice-claims-made 500,614 7,052,410 6,509,278 1,043,746

12. Earthquake 45,649,753 20,407,410 23,015,737 43,041,426

13. Groupaccidentandhealth 140,484,258 33,749,424 47,645,335 126,588,347

14. Creditaccidentandhealth(groupandindividual) 0 0 0 0

15. Otheraccidentandhealth 4,021,993 4,554,590 3,457,597 5,118,986

16. Workers'compensation 825,957,550 320,257,883 294,943,977 851,271,456

17.1 Otherliability-occurrence 961,088,695 517,328,883 471,954,910 1,006,462,668

17.2 Otherliability-claims-made 1,830,441,300 1,147,491,320 1,076,391,866 1,901,540,754

18.1 Productsliability-occurrence 268,122,680 134,046,919 128,864,013 273,305,586

18.2 Productsliability-claims-made 28,973,276 12,998,422 14,592,245 27,379,453

19.1,19.2 Privatepassengerautoliability 240,399,451 125,434,344 119,794,217 246,039,578

19.3,19.4 Commercialautoliability 196,721,483 102,143,116 92,965,027 205,899,572

21. Autophysicaldamage 276,404,599 160,170,979 140,422,707 296,152,871

22. Aircraft(allperils) 21,370,471 4,566,092 10,214,775 15,721,788

23. Fidelity 330,816,046 162,618,514 168,755,572 324,678,988

24. Surety 329,018,188 221,292,668 236,500,062 313,810,794

26. Burglaryandtheft 35,658,716 19,287,894 20,250,441 34,696,169

27. Boilerandmachinery 101,865,529 58,176,914 56,023,972 104,018,471

28. Credit 8,224,528 4,581,763 1,861,388 10,944,903

29. International 0 0 0 0

30. Reinsurance-NonproportionalAssumedProperty (8,352,081) 2,655,751 1,251,411 (6,947,741)

31. Reinsurance-NonproportionalAssumedLiability 22,115,264 5,267,456 4,109,182 23,273,538

32. Reinsurance-NonproportionalAssumedFinancialLines 2,530,611 2,308,033 1,581,755 3,256,889

33. Aggregatewrite-insforotherlinesofbusiness 0 0 0 0

34. TOTALS 9,675,569,653 5,175,654,155 5,083,931,731 9,767,292,077

DETAILSOFWRITE-INS

3301. 0 0 0 0

3302. 0 0 0 0

3303. 0 0 0 0

3398.Summaryofremainingwrite-insforLine33fromoverflowpage 0 0 0 0

3399.Totals(Line3301throughLine3303plusLine3398)(Line33above) 0 0 0 0

6


UNDERWRITING AND INVESTMENT EXHIBITPART1A-RECAPITULATIONOFALLPREMIUMS

1 2 3 4 5

AmountUnearned AmountUnearned Reservefor TotalReserve(RunningOneYear (RunningMoreThan Earned RateCreditsand forUnearned

orLessfrom OneYearfrom but Retrospective PremiumsDateofPolicy) DateofPolicy) Unbilled AdjustmentsBased Columns

LineofBusiness (a) (a) Premium onExperience 1+2+3+4

1. Fire 27,598,140 3,549,536 0 0 31,147,676

2. Alliedlines 11,101,793 1,895,100 0 0 12,996,893

3. Farmownersmultipleperil 0 0 0 0 0

4. Homeownersmultipleperil 944,461,793 0 0 0 944,461,793

5. Commercialmultipleperil 805,027,164 22,425,504 0 0 827,452,668

6. Mortgageguaranty 0 0 0 0 0

8. Oceanmarine 77,530,907 491,150 0 0 78,022,057

9. Inlandmarine 237,870,856 26,191,696 0 0 264,062,552

10. Financialguaranty 1,409,747 0 0 0 1,409,747

11.1 Medicalmalpractice-occurrence 3,272,878 0 0 0 3,272,878

11.2 Medicalmalpractice-claims-made 519,018 5,990,260 0 0 6,509,278

12. Earthquake 23,015,737 0 0 0 23,015,737

13. Groupaccidentandhealth 38,620,757 9,024,578 0 0 47,645,335

14. Creditaccidentandhealth(groupandindividual) 0 0 0 0 0

15. Otheraccidentandhealth 3,457,597 0 0 0 3,457,597

16. Workers'compensation 327,162,941 316,036 (33,550,000) 1,015,000 294,943,977

17.1 Otherliability-occurrence 423,207,064 40,863,846 0 7,884,000 471,954,910

17.2 Otherliability-claims-made 789,953,608 286,438,258 0 0 1,076,391,866

18.1 Productsliability-occurrence 123,705,032 5,158,981 0 0 128,864,013

18.2 Productsliability-claims-made 13,627,390 964,855 0 0 14,592,245

19.1,19.2 Privatepassengerautoliability 119,794,217 0 0 0 119,794,217

19.3,19.4 Commercialautoliability 91,644,578 1,184,449 0 136,000 92,965,027

21. Autophysicaldamage 140,151,002 271,705 0 0 140,422,707

22. Aircraft(allperils) 10,075,429 139,346 0 0 10,214,775

23. Fidelity 146,591,023 22,164,549 0 0 168,755,572

24. Surety 45,061,297 191,438,765 0 0 236,500,062

26. Burglaryandtheft 15,031,744 5,218,697 0 0 20,250,441

27. Boilerandmachinery 55,843,647 180,325 0 0 56,023,972

28. Credit 1,861,388 0 0 0 1,861,388

29. International 0 0 0 0 0

30. Reinsurance-NonproportionalAssumedProperty 1,251,411 0 0 0 1,251,411

31. Reinsurance-NonproportionalAssumedLiability 4,109,182 0 0 0 4,109,182

32. Reinsurance-NonproportionalAssumedFinancialLines 1,581,755 0 0 0 1,581,755

33. Aggregatewrite-insforotherlinesofbusiness 0 0 0 0 0

34. TOTALS 4,484,539,095 623,907,636 (33,550,000) 9,035,000 5,083,931,731

35. Accruedretrospectivepremiumsbasedonexperience (9,035,000)

36. Earnedbutunbilledpremiums 33,550,000

37. Balance(SumofLine34throughLine36) 5,108,446,731

DETAILSOFWRITE-INS

3301. 0 0 0 0 0

3302. 0 0 0 0 0

3303. 0 0 0 0 0

3398. Summaryofremainingwrite-insforLine33fromoverflowpage 0 0 0 0 0

3399. Totals(Line3301throughLine3303plusLine3398)(Line33above) 0 0 0 0 0

(a) Stateherebasisofcomputationusedineachcase.PRO-RATAONUNEXPIREDRISKS

7


UNDERWRITING AND INVESTMENT EXHIBITPART1B-PREMIUMSWRITTEN

1 ReinsuranceAssumed ReinsuranceCeded 6NetPremiums

Direct 2 3 4 5 WrittenBusiness From From To To Columns

LineofBusiness (a) Affiliates Non-Affiliates Affiliates Non-Affiliates 1+2+3-4-5

1. Fire 31,218,989 22,307,593 8,255,828 12,146 22,365,747 39,404,517

2. Alliedlines 21,549,369 2,476,066 7,566,784 0 7,205,641 24,386,578

3. Farmownersmultipleperil 0 0 0 0 0 0

4. Homeownersmultipleperil 1,837,297,724 4,515,981 2,241,075 0 146,037,965 1,698,016,815

5. Commercialmultipleperil 1,763,737,208 33,106,533 41,618,869 1,998,106 270,931,685 1,565,532,819

6. Mortgageguaranty 0 0 0 0 0 0

8. Oceanmarine 204,227,229 18,230,198 5,515,914 2,485 29,620,324 198,350,532

9. Inlandmarine 564,865,722 9,808,389 550,305 28,816,363 69,875,748 476,532,305

10. Financialguaranty 0 0 4,060,041 0 382,442 3,677,599

11.1 Medicalmalpractice-occurrence 0 0 25,204,411 0 17,548,847 7,655,564

11.2 Medicalmalpractice-claims-made 1,388,840 0 0 0 888,226 500,614

12. Earthquake 45,656,983 0 0 0 7,230 45,649,753

13. Groupaccidentandhealth 126,175,968 3,057,036 15,536,953 0 4,285,699 140,484,258

14. Creditaccidentandhealth(groupandindividual) 0 0 0 0 0 0

15. Otheraccidentandhealth 2,561,871 1,403,038 91,906 0 34,822 4,021,993

16. Workers'compensation 836,141,992 1,903,468 30,072,142 0 42,160,052 825,957,550

17.1 Otherliability-occurrence 963,982,067 29,476,631 102,535,241 4,218,815 130,686,429 961,088,695

17.2 Otherliability-claims-made 1,772,631,061 54,050,424 145,805,752 4,648,402 137,397,535 1,830,441,300

18.1 Productsliability-occurrence 273,023,734 2,471,044 3,646,011 1,810,548 9,207,561 268,122,680

18.2 Productsliability-claims-made 28,973,276 0 0 0 0 28,973,276

19.1,19.2 Privatepassengerautoliability 238,712,325 1,608,417 5,690,462 0 5,611,753 240,399,451

19.3,19.4 Commercialautoliability 196,896,239 1,700,726 11,379,279 12,052 13,242,709 196,721,483

21. Autophysicaldamage 278,659,832 4,547,649 2,672,469 4,208 9,471,143 276,404,599

22. Aircraft(allperils) 32,217,330 4,600,483 20,054,235 16,574 35,485,003 21,370,471

23. Fidelity 303,281,520 20,124,407 16,480,802 2,201,891 6,868,792 330,816,046

24. Surety 303,639,444 16,411,620 22,115,144 225,890 12,922,130 329,018,188

26. Burglaryandtheft 32,723,216 2,938,299 2,978 0 5,777 35,658,716

27. Boilerandmachinery 110,088,337 6,669,596 151,323 27,727 15,016,000 101,865,529

28. Credit 35,000 0 31,971,745 553,042 23,229,175 8,224,528

29. International 0 0 0 0 0 0

30. Reinsurance-NonproportionalAssumedProperty XXX 0 51,348,107 483,044 59,217,144 (8,352,081)

31. Reinsurance-NonproportionalAssumedLiability XXX 0 68,477,573 14,901 46,347,408 22,115,264

32. Reinsurance-NonproportionalAssumedFinancialLines XXX 0 11,034,205 0 8,503,594 2,530,611

33. Aggregatewrite-insforotherlinesofbusiness 0 0 0 0 0 0

34. TOTALS 9,969,685,276 241,407,598 634,079,554 45,046,194 1,124,556,581 9,675,569,653

DETAILSOFWRITE-INS3301. 0 0 0 0 0 0

3302. 0 0 0 0 0 0

3303. 0 0 0 0 0 0

3398.Summaryofremainingwrite-insforLine33fromoverflowpage 0 0 0 0 0 0

3399.Totals(Line3301throughLine3303plusLine3398)(Line33above) 0 0 0 0 0 0

(a)Doesthecompany'sdirectpremiumswrittenincludepremiumsrecordedonaninstallmentbasis?Yes()No()Ifyes: 1.Theamountofsuchinstallmentpremiums$0

2.Amountatwhichsuchinstallmentpremiumswouldhavebeenreportedhadtheybeenrecordedonanannualizedbasis$0

8


UNDERWRITING AND INVESTMENT EXHIBITPART2-LOSSESPAIDANDINCURRED

5 6 7 8LossesPaidLessSalvage

NetLosses Losses Percentageof1 2 3 4 Unpaid Incurred LossesIncurred

NetPayments CurrentYear NetLosses CurrentYear (Column7,Part2)Direct Reinsurance Reinsurance (Columns (Part2A, Unpaid (Columns toPremiumsEarned

LineofBusiness Business Assumed Recovered 1plus2minus3) Column8) PriorYear 4plus5minus6) (Column4,Part1)

1. Fire 6,476,361 6,639,479 970,918 12,144,922 19,699,550 23,071,065 8,773,407 32.52. Alliedlines 3,689,680 11,936,857 1,039,181 14,587,356 17,669,526 34,987,059 (2,730,177) (13.5)3. Farmownersmultipleperil 0 0 0 0 0 0 0 0.04. Homeownersmultipleperil 742,957,832 1,397,108 25,664,746 718,690,194 412,841,948 403,870,232 727,661,910 44.25. Commercialmultipleperil 676,739,778 27,013,914 96,941,031 606,812,661 962,391,958 996,664,062 572,540,557 35.96. Mortgageguaranty 0 0 0 0 0 0 0 0.08. Oceanmarine 75,621,051 7,941,371 17,543,078 66,019,344 138,578,399 111,631,281 92,966,462 48.29. Inlandmarine 191,829,896 1,994,711 22,353,233 171,471,374 105,171,655 120,057,545 156,585,484 34.1

10. Financialguaranty 0 0 0 0 0 0 0 0.011.1 Medicalmalpractice-occurrence 6,600 23,748,304 205,973 23,548,931 54,100,257 82,394,228 (4,745,040) (31.2)11.2 Medicalmalpractice-claims-made 36,874,640 97,823 22,190,208 14,782,255 85,031,324 112,024,712 (12,211,133) (1,169.9)12. Earthquake 1,165 0 0 1,165 1,097 27,490 (25,228) (0.1)13. Groupaccidentandhealth 48,413,308 36,125,278 23,733,596 60,804,990 69,259,919 62,648,624 67,416,285 53.314. Creditaccidentandhealth(groupandindividual) 0 0 0 0 0 0 0 0.015. Otheraccidentandhealth 1,664,118 1,911,037 1,066,085 2,509,070 2,305,209 3,905,468 908,811 17.816. Workers'compensation 251,911,262 35,566,501 60,428,725 227,049,038 1,535,529,004 1,430,498,632 332,079,410 39.017.1 Otherliability-occurrence 561,949,260 44,129,842 90,204,589 515,874,513 3,883,894,725 3,763,094,342 636,674,896 63.317.2 Otherliability-claims-made 649,847,659 90,151,555 53,215,539 686,783,675 3,857,235,241 3,838,741,986 705,276,930 37.118.1 Productsliability-occurrence 94,581,254 1,746,200 5,812,584 90,514,870 506,187,056 467,755,527 128,946,399 47.218.2 Productsliability-claims-made 14,807,090 0 47,273 14,759,817 23,796,763 14,920,125 23,636,455 86.319.1,19.2 Privatepassengerautoliability 149,533,240 5,191,585 5,491,085 149,233,740 253,270,694 279,897,370 122,607,064 49.819.3,19.4 Commercialautoliability 85,488,903 21,263,267 7,338,456 99,413,714 247,260,638 265,753,724 80,920,628 39.321. Autophysicaldamage 128,282,891 4,311,075 1,279,577 131,314,389 9,643,200 15,903,928 125,053,661 42.222. Aircraft(allperils) 15,373,980 14,564,523 20,957,069 8,981,434 46,571,418 55,991,617 (438,765) (2.8)23. Fidelity 103,159,869 10,467,266 1,114,259 112,512,876 241,331,519 232,915,274 120,929,121 37.224. Surety (13,643,931) 4,693,869 (10,375,326) 1,425,264 67,811,700 63,139,156 6,097,808 1.926. Burglaryandtheft 230,788 891,442 0 1,122,230 3,437,592 12,122,202 (7,562,380) (21.8)27. Boilerandmachinery 19,377,358 4,995,121 50,882 24,321,597 21,822,212 35,702,843 10,440,966 10.028. Credit 988,944 8,239,110 3,024,024 6,204,030 11,896,052 20,613,891 (2,513,809) (23.0)29. International 0 0 0 0 0 0 0 0.030. Reinsurance-NonproportionalAssumedProperty XXX 62,696,253 31,704,289 30,991,964 40,247,934 68,795,597 2,444,301 (35.2)31. Reinsurance-NonproportionalAssumedLiability XXX 43,325,371 0 43,325,371 198,641,722 235,931,893 6,035,200 25.932. Reinsurance-NonproportionalAssumedFinancialLines XXX 5,396,689 1,508,601 3,888,088 17,940,378 24,999,308 (3,170,842) (97.4)33. Aggregatewrite-insforotherlinesofbusiness 0 0 0 0 0 0 0 0.0

34. TOTALS 3,846,162,996 476,435,551 483,509,675 3,839,088,872 12,833,568,690 12,778,059,181 3,894,598,381 39.9

DETAILSOFWRITE-INS3301. 0 0 0 0 0 0 0 0.03302. 0 0 0 0 0 0 0 0.03303. 0 0 0 0 0 0 0 0.03398.Summaryofremainingwrite-insforLine33fromoverflowpage 0 0 0 0 0 0 0 0.03399.Totals(Line3301throughLine3303plusLine3398)(Line33above) 0 0 0 0 0 0 0 0.0

9


UNDERWRITING AND INVESTMENT EXHIBITPART2A-UNPAIDLOSSESANDLOSSADJUSTMENTEXPENSES

ReportedLosses IncurredButNotReported 8 9

1 2 3 4 5 6 7DeductReinsurance NetLossesExcluding

Recoverablefrom IncurredButAuthorizedand NotReported NetLossesUnpaid UnpaidLossUnauthorized (Columns1 Reinsurance Reinsurance (Columns4plus5 Adjustment

LineofBusiness Direct ReinsuranceAssumed Companies plus2minus3) Direct Assumed Ceded plus6minus7) Expenses

1. Fire 3,209,383 6,143,208 875,144 8,477,447 7,540,914 11,160,459 7,479,270 19,699,550 1,034,5622. Alliedlines 1,626,343 2,786,165 444,370 3,968,138 16,888,422 2,712,896 5,899,930 17,669,526 2,671,5233. Farmownersmultipleperil 0 0 0 0 0 0 0 0 04. Homeownersmultipleperil 229,148,687 642,008 9,869,004 219,921,691 208,580,275 753,633 16,413,651 412,841,948 124,448,1635. Commercialmultipleperil 533,814,150 27,288,628 100,478,463 460,624,315 512,190,954 22,659,752 33,083,063 962,391,958 513,652,6066. Mortgageguaranty 0 0 0 0 0 0 0 0 08. Oceanmarine 69,796,150 4,341,892 7,153,448 66,984,594 77,675,107 7,495,256 13,576,558 138,578,399 24,660,0279. Inlandmarine 55,099,166 1,175,941 4,318,267 51,956,840 51,867,324 6,382,420 5,034,929 105,171,655 14,706,056

10. Financialguaranty 0 0 0 0 0 0 0 0 011.1 Medicalmalpractice-occurrence 48,234 9,630,649 651,062 9,027,821 0 55,434,347 10,361,911 54,100,257 844,07111.2 Medicalmalpractice-claims-made 74,554,285 870,263 32,336,549 43,087,999 53,522,163 0 11,578,838 85,031,324 21,593,35512. Earthquake 0 0 0 0 1,097 0 0 1,097 116,97013. Groupaccidentandhealth 7,054,424 123,069,950 104,122,275 26,002,099 33,139,454 28,515,333 18,396,967 (a) 69,259,919 14,636,15414. Creditaccidentandhealth(groupandindividual) 0 0 0 0 0 0 0 0 015. Otheraccidentandhealth 898,786 827,466 492,614 1,233,638 655,312 416,259 0 (a) 2,305,209 181,21916. Workers'compensation 685,567,424 95,405,218 142,691,303 638,281,339 923,528,431 76,216,174 102,496,940 1,535,529,004 289,489,42417.1 Otherliability-occurrence 828,292,343 110,081,481 146,765,433 791,608,391 2,861,352,776 403,638,934 172,705,376 3,883,894,725 396,964,64517.2 Otherliability-claims-made 769,342,918 192,161,472 106,837,360 854,667,030 2,838,417,959 399,418,655 235,268,403 3,857,235,241 1,836,425,67918.1 Productsliability-occurrence 299,134,760 1,730,150 9,179,341 291,685,569 214,572,509 1,803,841 1,874,863 506,187,056 338,784,03818.2 Productsliability-claims-made 19,266,348 0 90,087 19,176,261 4,620,926 0 424 23,796,763 12,688,96419.1,19.2Privatepassengerautoliability 154,544,957 5,685,630 14,937,505 145,293,082 108,344,876 0 367,264 253,270,694 82,940,55319.3,19.4Commercialautoliability 99,079,989 26,385,709 5,421,525 120,044,173 98,898,196 34,155,786 5,837,517 247,260,638 60,572,84321. Autophysicaldamage 2,439,208 4,179,497 960,264 5,658,441 1,783,416 3,569,058 1,367,715 9,643,200 9,443,94422. Aircraft(allperils) 164,012,616 147,208,523 284,336,693 26,884,446 28,509,107 30,078,655 38,900,790 46,571,418 6,651,28623. Fidelity 53,505,005 6,405,120 225,547 59,684,578 171,277,462 20,604,260 10,234,781 241,331,519 24,203,75924. Surety 23,465,422 9,155,192 6,358,035 26,262,579 36,629,722 9,984,931 5,065,532 67,811,700 3,628,87126. Burglaryandtheft 335,021 320,664 0 655,685 2,643,169 138,738 0 3,437,592 679,26127. Boilerandmachinery 12,038,111 848,300 0 12,886,411 9,488,128 584,051 1,136,378 21,822,212 3,645,24328. Credit 0 8,194,386 3,392,033 4,802,353 20,475 12,641,288 5,568,064 11,896,052 6,47529. International 0 0 0 0 0 0 0 0 030. Reinsurance-NonproportionalAssumedProperty XXX 47,468,904 18,707,426 28,761,478 XXX 19,085,789 7,599,333 40,247,934 031. Reinsurance-NonproportionalAssumedLiability XXX 75,134,550 560,625 74,573,925 XXX 149,881,101 25,813,304 198,641,722 479,92432. Reinsurance-NonproportionalAssumedFinancialLines XXX 8,613,727 1,935,406 6,678,321 XXX 16,524,951 5,262,894 17,940,378 75,72633. Aggregatewrite-insforotherlinesofbusiness 0 0 0 0 0 0 0 0 0

34. TOTALS 4,086,273,730 915,754,693 1,003,139,779 3,998,888,644 8,262,148,174 1,313,856,567 741,324,695 12,833,568,690 3,785,225,341

DETAILSOFWRITE-INS3301. 0 0 0 0 0 0 0 0 03302. 0 0 0 0 0 0 0 0 03303. 0 0 0 0 0 0 0 0 03398.Summaryofremainingwrite-insforLine33fromoverflowpage 0 0 0 0 0 0 0 0 03399.Totals(Line3301throughLine3303plusLine3398)(Line33above) 0 0 0 0 0 0 0 0 0

(a)Including$0forpresentvalueoflifeindemnityclaims.

10


UNDERWRITING AND INVESTMENT EXHIBITPART3-EXPENSES

1 2 3 4

OtherLossAdjustment Underwriting Investment

Expenses Expenses Expenses Total

1. Claimadjustmentservices:1.1 Direct 836,306,409 0 0 836,306,4091.2 Reinsuranceassumed 6,570,551 0 0 6,570,5511.3 Reinsuranceceded 11,354,821 0 0 11,354,821

1.4 Netclaimadjustmentservices(Line1.1plusLine1.2minusLine1.3) 831,522,139 0 0 831,522,1392. Commissionandbrokerage:

2.1 Directexcludingcontingent 0 1,368,207,816 0 1,368,207,8162.2 Reinsuranceassumedexcludingcontingent 0 238,218,177 0 238,218,1772.3 Reinsurancecededexcludingcontingent 0 238,310,692 0 238,310,6922.4 Contingent-direct 0 935,003 0 935,0032.5 Contingent-reinsuranceassumed 0 0 0 02.6 Contingent-reinsuranceceded 0 (510,267) 0 (510,267)2.7 Policyandmembershipfees 0 0 0 0

2.8 Netcommissionandbrokerage(Line2.1plusLine2.2minusLine2.3plusLine2.4plusLine2.5minusLine2.6plusLine2.7) 0 1,369,560,571 0 1,369,560,571

3. Allowancestomanagerandagents 0 4,145,256 0 4,145,2564. Advertising 0 7,017,015 0 7,017,0155. Boards,bureausandassociations 1,147,923 23,316,283 0 24,464,2066. Surveysandunderwritingreports 0 7,722,895 0 7,722,8957. Auditofassureds'records 0 2,715,356 0 2,715,3568. Salaryandrelateditems:

8.1 Salaries 208,143,075 724,782,394 9,798,622 942,724,0918.2 Payrolltaxes 12,854,744 37,308,656 374,944 50,538,344

9. Employeerelationsandwelfare 43,701,939 139,868,109 1,008,831 184,578,87910. Insurance 2,804,992 11,300,651 0 14,105,64311. Directors'fees 0 0 0 012. Travelandtravelitems 6,745,059 39,174,721 131,853 46,051,63313. Rentandrentitems 20,470,087 59,158,291 968,944 80,597,32214. Equipment 2,508,464 9,016,996 49,750 11,575,21015. CostordepreciationofEDPequipmentandsoftware 5,423,925 21,592,374 35,490 27,051,78916. Printingandstationery 1,433,281 7,418,223 84,181 8,935,68517. Postage,telephoneandtelegraph,exchangeandexpress 5,609,208 19,754,501 51,112 25,414,82118. Legalandauditing 2,654,797 7,294,443 28,257,264 38,206,504

19. Totals(Line3throughLine18) 313,497,494 1,121,586,164 40,760,991 1,475,844,64920. Taxes,licensesandfees:

20.1 Stateandlocalinsurancetaxesdeductingguarantyassociationcreditsof$3,892,587 17,982,866 169,081,693 0 187,064,559

20.2 Insurancedepartmentlicensesandfees 0 22,252,964 0 22,252,96420.3 Grossguarantyassociationassessments 0 4,980,604 0 4,980,60420.4 Allother(excludingfederalandforeignincomeandrealestate) 0 30,308,023 0 30,308,023

20.5 Totaltaxes,licensesandfees(Line20.1plusLine20.2plusLine20.3plusLine20.4) 17,982,866 226,623,284 0 244,606,15021. Realestateexpenses 1,714,186 4,724,696 0 6,438,88222. Realestatetaxes 555,895 1,765,775 0 2,321,67023. Reimbursementsbyuninsuredplans 0 0 0 024. Aggregatewrite-insformiscellaneousexpenses 66,375,763 76,748,742 396,261 143,520,766

25. Totalexpensesincurred 1,231,648,343 2,801,009,232 41,157,252 (a) 4,073,814,82726. Lessunpaidexpenses-currentyear 3,785,225,341 580,304,879 2,176,840 4,367,707,06027. Addunpaidexpenses-prioryear 3,718,260,571 607,945,151 2,115,435 4,328,321,15728. Amountsreceivablerelatingtouninsuredplans,prioryear 0 0 0 029. Amountsreceivablerelatingtouninsuredplans,currentyear 0 0 0 0

30. TOTALEXPENSESPAID(Line25minusLine26plusLine27minusLine28plusLine29) 1,164,683,573 2,828,649,504 41,095,847 4,034,428,924

DETAILSOFWRITE-INS2401.CHANGEINUNALLOCATEDEXPENSERESERVE 31,590,026 0 0 31,590,0262402.OUTSIDESERVICES 30,274,326 77,042,437 333,329 107,650,0922403.MISCELLANEOUSEXPENSE 4,511,411 (293,695) 62,932 4,280,6482498.Summaryofremainingwrite-insforLine24fromoverflowpage 0 0 0 02499.Totals(Line2401throughLine2403plusLine2498)(Line24above) 66,375,763 76,748,742 396,261 143,520,766

(a)Includesmanagementfeesof$7,651,832toaffiliatesand$1,480,928tonon-affiliates.

11


EXHIBIT OF NET INVESTMENT INCOME

1 2

Collected EarnedDuringYear DuringYear

1. U.S.Governmentbonds (a) 83,615,535 71,172,6541.1 BondsexemptfromU.S.tax (a) 661,587,325 672,636,6991.2 Otherbonds(unaffiliated) (a) 360,223,880 364,919,1901.3 Bondsofaffiliates (a) 0 02.1 Preferredstocks(unaffiliated) (b) 2,539,914 2,419,5822.11 Preferredstocksofaffiliates (b) 1,920,000 1,920,0002.2 Commonstocks(unaffiliated) 37,840,530 37,944,2762.21 Commonstocksofaffiliates 61,239,000 61,239,0003. Mortgageloans (c) 0 04. Realestate (d) 3,604,548 3,604,5485. Contractloans 0 06. Cash,cashequivalentsandshort-terminvestments (e) 45,641,422 45,925,9487. Derivativeinstruments (f) 0 08. Otherinvestedassets 35,177,143 35,177,1439. Aggregatewrite-insforinvestmentincome 9,611,465 9,611,465

10. Totalgrossinvestmentincome 1,303,000,762 1,306,570,505

11. Investmentexpenses (g) 41,157,25212. Investmenttaxes,licensesandfees,excludingfederalincometaxes (g) 013. Interestexpense (h) 014. Depreciationonrealestateandotherinvestedassets (i) 3,604,54815. Aggregatewrite-insfordeductionsfrominvestmentincome 6,540,04116. Totalsdeductions(Line11throughLine15) 51,301,84117. Netinvestmentincome(Line10minusLine16) 1,255,268,664

DETAILSOFWRITE-INS0901.MISCELLANEOUSINVESTMENTINCOME 9,611,465 9,611,4650902. 0 00903. 0 00998.Summaryofremainingwrite-insforLine9fromoverflowpage 0 00999.Totals(Line0901throughLine0903plusLine0998)(Line9above) 9,611,465 9,611,465

1501.EXPENSESINCONNECTIONWITHFUNDSHELDUNDERREINSURANCECONTRACTS 5,122,6261502.INTERESTPAIDONDEPOSITLIABILITIES 1,417,4151503. 01598.Summaryofremainingwrite-insforLine15fromoverflowpage 01599.Totals(Line1501throughLine1503plusLine1598)(Line15above) 6,540,041

(a)Includes$31,180,988accrualofdiscountless$229,304,466amortizationof (f)Includes$0accrualofdiscountless$0amortizationpremiumandless$23,635,743paidforaccruedinterestonpurchases. ofpremium.

(b)Includes$0accrualofdiscountless$0amortizationof (g)Includes$0investmentexpensesand$0investmentpremiumandless$0paidforaccrueddividendsonpurchases. taxes,licensesandfees,excludingfederalincometaxes,attributabletosegregatedand

(c)Includes$0accrualofdiscountless$0amortizationof SeparateAccounts.premiumandless$0paidforaccruedinterestonpurchases. (h)Includes$0interestonsurplusnotesand$0interest

(d)Includes$3,604,548forcompany'soccupancyofitsownbuildings;andexcludes oncapitalnotes.$0interestonencumbrances. (i)Includes$3,604,548depreciationonrealestateand$0

(e)Includes$27,792,875accrualofdiscountless$0amortization depreciationonotherinvestedassets.ofpremiumandless$0paidforaccruedinterestonpurchases.

EXHIBIT OF CAPITAL GAINS (LOSSES)

1 2 3 4 5

ChangeinTotalRealized Changein Unrealized

RealizedGain CapitalGain Unrealized ForeignExchange(Loss)onSales OtherRealized (Loss) CapitalGain CapitalGain

orMaturity Adjustments (Cols.1+2) (Loss) (Loss)

1. U.S.Governmentbonds 18,811,065 0 18,811,065 0 01.1 BondsexemptfromU.S.tax (7,975,354) 0 (7,975,354) (126,665) 01.2 Otherbonds(unaffiliated) 10,827,193 (1,553,494) 9,273,699 (7,929,223) 26,361,1821.3 Bondsofaffiliates 0 0 0 0 02.1 Preferredstocks(unaffiliated) (189,165) 0 (189,165) 1,485,637 02.11 Preferredstocksofaffiliates 0 0 0 0 02.2 Commonstocks(unaffiliated) 128,728,013 (79,176,018) 49,551,995 (46,098,091) 02.21 Commonstocksofaffiliates 293,347,664 0 293,347,664 168,888,936 (187,160)3. Mortgageloans 0 0 0 0 04. Realestate 0 0 0 0 05. Contractloans 0 0 0 0 06. Cash,cashequivalentsandshort-terminvestments 5,180,899 0 5,180,899 0 (94,007)7. Derivativeinstruments 0 0 0 0 08. Otherinvestedassets 158,522,094 (23,672,964) 134,849,130 312,977,213 09. Aggregatewrite-insforcapitalgains(losses) 8,432,564 0 8,432,564 0 (32,732,747)

10. Totalcapitalgains(losses) 615,684,973 (104,402,476) 511,282,497 429,197,807 (6,652,732)

DETAILSOFWRITE-INS0901.PROFIT(LOSS)ONEXCHANGE 8,432,564 0 8,432,564 0 (32,732,747)0902. 0 0 0 0 00903. 0 0 0 0 00998.Summaryofremainingwrite-insforLine9fromoverflowpage 0 0 0 0 00999.Totals(Line0901throughLine0903plusLine0998)(Line9above) 8,432,564 0 8,432,564 0 (32,732,747)

12


SCHEDULE D - SUMMARY BY COUNTRYLong-TermBondsandStocksOWNEDDecember31ofCurrentYear

1 2 3 4

Book/Adjusted ParValueofDescription CarryingValue FairValue ActualCost Bonds

BONDS 1. UnitedStates 649,080,684 685,477,750 649,582,453 657,408,436Governments 2. Canada 113,593,073 115,622,808 97,944,096 95,636,445(Includingallobligationsguaranteed 3. OtherCountries 107,853,595 108,377,407 96,035,839 93,874,882bygovernments)

4. Totals 870,527,352 909,477,965 843,562,388 846,919,763

5. UnitedStates 2,925,254,434 2,983,918,545 2,975,968,931 2,807,595,000States,TerritoriesandPossessions 6. Canada 25,937,487 26,217,110 23,399,061 22,129,083

(Directandguaranteed) 7. OtherCountries 0 0 0 0

8. Totals 2,951,191,921 3,010,135,655 2,999,367,992 2,829,724,083

9. UnitedStates 2,334,577,589 2,380,559,966 2,347,320,598 2,253,795,000PoliticalSubdivisionsofStates, 10.Canada 0 0 0 0

TerritoriesandPossessions 11.OtherCountries 0 0 0 0(Directandguaranteed)

12.Totals 2,334,577,589 2,380,559,966 2,347,320,598 2,253,795,000

Specialrevenueandspecialassessment 13.UnitedStates 12,343,895,900 12,498,509,679 12,531,968,679 11,883,560,110obligationsandallnon-guaranteed 14.Canada 0 0 0 0obligationsofagenciesandauthoritiesof 15.OtherCountries 0 0 0 0governmentsandtheirpoliticalsubdivisions

16.Totals 12,343,895,900 12,498,509,679 12,531,968,679 11,883,560,110

17.UnitedStates 558,109,050 566,123,010 561,872,652 555,979,74218.Canada 5,348,638 5,461,668 3,596,590 3,409,090

PublicUtilities(unaffiliated) 19.OtherCountries 63,507,769 63,923,870 63,482,055 63,500,000

20.Totals 626,965,457 635,508,548 628,951,297 622,888,832

21.UnitedStates 4,138,917,323 4,164,121,837 4,475,195,576 3,991,710,24022.Canada 76,383,704 77,758,124 76,352,411 76,577,000

IndustrialandMiscellaneousandCreditTenant 23.OtherCountries 746,375,729 750,757,662 743,080,230 734,112,289Loans(unaffiliated)

24.Totals 4,961,676,756 4,992,637,623 5,294,628,217 4,802,399,529

Parent,SubsidiariesandAffiliates 25.Totals 0 0 0 0

26.TotalBonds 24,088,834,975 24,426,829,436 24,645,799,171 23,239,287,317

PREFERREDSTOCKS 27.UnitedStates 0 0 028.Canada 0 0 0

PublicUtilities(unaffiliated) 29.OtherCountries 0 0 0

30.Totals 0 0 0

31.UnitedStates 21,381,000 21,381,000 20,172,20032.Canada 0 0 0

Banks,TrustandInsuranceCompanies 33.OtherCountries 0 0 0(unaffiliated)

34.Totals 21,381,000 21,381,000 20,172,200


IndustrialandMiscellaneous(unaffiliated) 37.OtherCountries 0 0 0

38.Totals 77,847,287 77,847,287 75,148,199

Parent,SubsidiariesandAffiliates 39.Totals 19,228,550 19,228,550 19,228,550

40.TotalPreferredStocks 118,456,837 118,456,837 114,548,949

COMMONSTOCKS 41.UnitedStates 173,301,968 173,301,968 140,844,23542.Canada 0 0 0

PublicUtilities(unaffiliated) 43.OtherCountries 16,840,000 16,840,000 13,407,800

44.Totals 190,141,968 190,141,968 154,252,035


Banks,TrustandInsuranceCompanies 47.OtherCountries 9,054,140 9,054,140 9,054,140(unaffiliated)

48.Totals 108,330,312 108,330,312 95,017,066

49.UnitedStates 1,316,784,062 1,316,784,062 1,157,620,04250.Canada 0 0 0

IndustrialandMiscellaneous(unaffiliated) 51.OtherCountries 127,480,191 127,480,191 115,314,896

52.Totals 1,444,264,253 1,444,264,253 1,272,934,938

Parent,SubsidiariesandAffiliates 53.Totals 4,197,637,320 4,197,637,320 2,907,450,081

54.TotalCommonStocks 5,940,373,853 5,940,373,853 4,429,654,120

55.TotalStocks 6,058,830,690 6,058,830,690 4,544,203,069

56.TotalBondsandStocks 30,147,665,665 30,485,660,126 29,190,002,240

SCHEDULE D - VERIFICATION BETWEEN YEARSBondsandStocks

1.Book/adjustedcarryingvalueofbondsandstocks,prioryear 28,923,718,758 7.Amortizationofpremium 229,304,4662.Costofbondsandstocksacquired,Column7,Part3 7,062,999,012 8.ForeignExchangeAdjustment:3.Accrualofdiscount 31,180,988 8.1 Column15,Part1 25,258,3414.Increase(decreased)byadjustment: 8.2 Column19,Part2,Section1 0

4.1 Column12minusColumn14,Part1 (10,508,548) 8.3 Column16,Part2,Section2 (187,160)4.2 Column15minusColumn17,Part2,Section1 1,300,094 8.4 Column15,Part4 1,102,841 26,174,0224.3 Column15,Part2,Section2 284,880,053 9.Book/adjustedcarryingvalueatendofcurrentperiod 30,147,665,6654.4 Column11minusColumn13,Part4 (240,180,517) 35,491,082 10.Totalvaluationallowance 0

5.Totalgain(loss),Column19,Part4 437,389,507 11.Subtotal(Line9plusLine10) 30,147,665,6656.DeductconsiderationforbondsandstocksdisposedofColumn7,Part4 6,139,983,238 12.Totalnonadmittedamounts 96,094,876

13.Statementvalueofbondsandstocks,currentperiod 30,051,570,789

22


SCHEDULE D - PART 1A - SECTION 1QualityandMaturityDistributionofAllBondsOwnedDecember31,atBook/AdjustedCarryingValuesbyMajorTypesofIssuesandNAICDesignations

1 2 3 4 5 6 7 8 9 10 11

1Year Over1Year Over5Years Over10Years Over Total Column6 Totalfrom %From Totalor Through Through Through 20 Current asa%of Column6 Column7 TotalPublicly Privately

QualityRatingpertheNAICDesignation Less 5Years 10Years 20Years Years Year Line10.7 PriorYear PriorYear Traded Placed(a)

1.U.S.Governments,SchedulesDandDA(Group1)1.1 Class1 85,846,405 136,683,157 395,738,706 0 30,812,416 649,080,684 2.7 2,023,143,988 8.5 649,080,684 01.2 Class2 0 0 0 0 0 0 0.0 0 0.0 0 01.3 Class3 0 0 0 0 0 0 0.0 0 0.0 0 01.4 Class4 0 0 0 0 0 0 0.0 0 0.0 0 01.5 Class5 0 0 0 0 0 0 0.0 0 0.0 0 01.6 Class6 0 0 0 0 0 0 0.0 0 0.0 0 0

1.7 Totals 85,846,405 136,683,157 395,738,706 0 30,812,416 649,080,684 2.7 2,023,143,988 8.5 649,080,684 0

2.AllOtherGovernments,SchedulesDandDA(Group2)2.1 Class1 43,341,710 150,471,980 24,505,055 1,932,259 1,195,664 221,446,668 0.9 207,692,321 0.9 221,446,668 02.2 Class2 0 0 0 0 0 0 0.0 0 0.0 0 02.3 Class3 0 0 0 0 0 0 0.0 0 0.0 0 02.4 Class4 0 0 0 0 0 0 0.0 0 0.0 0 02.5 Class5 0 0 0 0 0 0 0.0 0 0.0 0 02.6 Class6 0 0 0 0 0 0 0.0 0 0.0 0 0

2.7 Totals 43,341,710 150,471,980 24,505,055 1,932,259 1,195,664 221,446,668 0.9 207,692,321 0.9 221,446,668 0

3.States,TerritoriesandPossessionsetc.,Guaranteed,SchedulesDandDA(Group3)3.1 Class1 328,636,206 960,816,427 1,577,748,215 56,995,741 20,000,000 2,944,196,589 12.2 2,729,955,051 11.5 2,944,196,589 03.2 Class2 0 0 6,995,332 0 0 6,995,332 0.0 7,044,392 0.0 6,995,332 03.3 Class3 0 0 0 0 0 0 0.0 0 0.0 0 03.4 Class4 0 0 0 0 0 0 0.0 0 0.0 0 03.5 Class5 0 0 0 0 0 0 0.0 0 0.0 0 03.6 Class6 0 0 0 0 0 0 0.0 0 0.0 0 0

3.7 Totals 328,636,206 960,816,427 1,584,743,547 56,995,741 20,000,000 2,951,191,921 12.2 2,736,999,443 11.5 2,951,191,921 0

4.PoliticalSubdivisionsofStates,TerritoriesandPossessions,Guaranteed,SchedulesDandDA(Group4)4.1 Class1 161,838,876 602,192,575 1,440,426,501 97,585,855 32,533,782 2,334,577,589 9.7 2,223,274,276 9.4 2,334,577,589 04.2 Class2 0 0 0 0 0 0 0.0 0 0.0 0 04.3 Class3 0 0 0 0 0 0 0.0 0 0.0 0 04.4 Class4 0 0 0 0 0 0 0.0 0 0.0 0 04.5 Class5 0 0 0 0 0 0 0.0 0 0.0 0 04.6 Class6 0 0 0 0 0 0 0.0 0 0.0 0 0

4.7 Totals 161,838,876 602,192,575 1,440,426,501 97,585,855 32,533,782 2,334,577,589 9.7 2,223,274,276 9.4 2,334,577,589 0

5.SpecialRevenueandSpecialAssessmentObligationsetc.,Non-Guaranteed,SchedulesDandDA(Group5)5.1 Class1 662,776,462 3,870,979,628 6,567,787,784 829,735,813 289,592,744 12,220,872,431 50.7 12,201,774,091 51.5 12,220,872,431 05.2 Class2 0 41,823,855 66,128,413 11,439,904 0 119,392,172 0.5 133,654,585 0.6 119,392,172 05.3 Class3 0 0 2,698,477 932,820 0 3,631,297 0.0 3,770,050 0.0 3,631,297 05.4 Class4 0 0 0 0 0 0 0.0 0 0.0 0 05.5 Class5 0 0 0 0 0 0 0.0 0 0.0 0 05.6 Class6 0 0 0 0 0 0 0.0 0 0.0 0 0

5.7 Totals 662,776,462 3,912,803,483 6,636,614,674 842,108,537 289,592,744 12,343,895,900 51.2 12,339,198,726 52.1 12,343,895,900 0

23


SCHEDULE D - PART 1A - SECTION 1 (continued)QualityandMaturityDistributionofAllBondsOwnedDecember31,atBook/AdjustedCarryingValuesbyMajorTypesofIssuesandNAICDesignations

1 2 3 4 5 6 7 8 9 10 11



6.PublicUtilities(Unaffiliated),SchedulesDandDA(Group6)6.1 Class1 16,707,317 76,212,673 120,009,735 0 0 212,929,725 0.9 107,606,941 0.5 212,929,725 06.2 Class2 26,449,278 194,052,580 120,898,607 25,985,486 20,000,000 387,385,951 1.6 306,263,374 1.3 366,316,585 21,069,3666.3 Class3 0 24,331,118 1,045,863 0 0 25,376,981 0.1 4,166,629 0.0 24,863,243 513,7386.4 Class4 0 1,154,000 118,800 0 0 1,272,800 0.0 24,247,356 0.1 1,154,000 118,8006.5 Class5 0 0 0 0 0 0 0.0 0 0.0 0 06.6 Class6 0 0 0 0 0 0 0.0 0 0.0 0 0

6.7 Totals 43,156,595 295,750,371 242,073,005 25,985,486 20,000,000 626,965,457 2.6 442,284,300 1.9 605,263,553 21,701,904

7.IndustrialandMiscellaneous(Unaffiliated),SchedulesDandDA(Group7)7.1 Class1 234,868,198 1,885,824,349 1,802,960,057 136,479,331 8,858,292 4,068,990,227 16.9 2,752,643,347 11.6 3,743,982,137 325,008,0907.2 Class2 0 436,208,655 169,384,474 18,988,138 61,684,577 686,265,844 2.8 643,182,390 2.7 605,708,006 80,557,8387.3 Class3 22,141,289 37,992,957 47,346,685 874,882 1,386,713 109,742,526 0.5 106,003,702 0.4 64,117,559 45,624,9677.4 Class4 1,040,000 60,981,748 35,609,247 2,488,550 2,394,693 102,514,238 0.4 178,674,832 0.8 75,678,868 26,835,3707.5 Class5 13,682 9,880,207 13,147,470 41,175 0 23,082,534 0.1 25,652,014 0.1 10,962,871 12,119,6637.6 Class6 0 0 0 0 2,131,387 2,131,387 0.0 3,143,198 0.0 43,780 2,087,607

7.7 Totals 258,063,169 2,430,887,916 2,068,447,933 158,872,076 76,455,662 4,992,726,756 20.7 3,709,299,483 15.6 4,500,493,221 492,233,535

8.CreditTenantLoans,SchedulesDandDA(Group8)8.1 Class1 0 0 0 0 0 0 0.0 0 0.0 0 08.2 Class2 0 0 0 0 0 0 0.0 0 0.0 0 08.3 Class3 0 0 0 0 0 0 0.0 0 0.0 0 08.4 Class4 0 0 0 0 0 0 0.0 0 0.0 0 08.5 Class5 0 0 0 0 0 0 0.0 0 0.0 0 08.6 Class6 0 0 0 0 0 0 0.0 0 0.0 0 0

8.7 Totals 0 0 0 0 0 0 0.0 0 0.0 0 0

9.Parent,SubsidiariesandAffiliates,SchedulesDandDA(Group9)9.1 Class1 0 0 0 0 0 0 0.0 0 0.0 0 09.2 Class2 0 0 0 0 0 0 0.0 0 0.0 0 09.3 Class3 0 0 0 0 0 0 0.0 0 0.0 0 09.4 Class4 0 0 0 0 0 0 0.0 0 0.0 0 09.5 Class5 0 0 0 0 0 0 0.0 0 0.0 0 09.6 Class6 0 0 0 0 0 0 0.0 0 0.0 0 0

9.7 Totals 0 0 0 0 0 0 0.0 0 0.0 0 0

24


SCHEDULE D - PART 1A - SECTION 1 (continued)QualityandMaturityDistributionofAllBondsOwnedDecember31,atBook/AdjustedCarryingValuesbyMajorTypesofIssuesandNAICDesignations

1 2 3 4 5 6 7 8 9 10 11



10.TotalBondsCurrentYear10.1 Class1 1,534,015,174 7,683,180,789 11,929,176,053 1,122,728,999 382,992,898 22,652,093,913 93.9 XXX XXX 22,327,085,823 325,008,09010.2 Class2 26,449,278 672,085,090 363,406,826 56,413,528 81,684,577 1,200,039,299 5.0 XXX XXX 1,098,412,095 101,627,20410.3 Class3 22,141,289 62,324,075 51,091,025 1,807,702 1,386,713 138,750,804 0.6 XXX XXX 92,612,099 46,138,70510.4 Class4 1,040,000 62,135,748 35,728,047 2,488,550 2,394,693 103,787,038 0.4 XXX XXX 76,832,868 26,954,17010.5 Class5 13,682 9,880,207 13,147,470 41,175 0 (c) 23,082,534 0.1 XXX XXX 10,962,871 12,119,66310.6 Class6 0 0 0 0 2,131,387 (c) 2,131,387 0.0 XXX XXX 43,780 2,087,607

10.7 Totals 1,583,659,423 8,489,605,909 12,392,549,421 1,183,479,954 470,590,268 (b) 24,119,884,975 100.0 XXX XXX 23,605,949,536 513,935,43910.8 Line10.7asa%ofColumn6 6.6 35.2 51.4 4.9 2.0 100.0 XXX XXX XXX 97.9 2.1

11.TotalBondsPriorYear11.1 Class1 1,392,072,268 7,614,273,621 11,203,522,503 1,577,552,515 458,669,108 XXX XXX 22,246,090,015 93.9 21,865,065,314 381,024,70111.2 Class2 121,782,561 447,327,081 381,775,897 94,835,502 44,423,700 XXX XXX 1,090,144,741 4.6 1,014,292,883 75,851,85811.3 Class3 3,964,756 58,563,666 41,270,221 4,224,358 5,917,380 XXX XXX 113,940,381 0.5 68,172,295 45,768,08611.4 Class4 31,054,158 69,998,523 90,343,788 6,788,360 4,737,359 XXX XXX 202,922,188 0.9 154,674,960 48,247,22811.5 Class5 775,887 9,173,034 15,703,093 0 0 XXX XXX (c) 25,652,014 0.1 14,527,404 11,124,61011.6 Class6 0 0 343,175 0 2,800,023 XXX XXX (c) 3,143,198 0.0 1,051,096 2,092,102

11.7 Totals 1,549,649,630 8,199,335,925 11,732,958,677 1,683,400,735 516,547,570 XXX XXX (b) 23,681,892,537 100.0 23,117,783,952 564,108,58511.8 Line11.7asa%ofColumn8 6.5 34.6 49.5 7.1 2.2 XXX XXX 100.0 XXX 97.6 2.4

12.TotalPubliclyTradedBonds12.1 Class1 1,482,460,616 7,466,090,325 11,872,812,985 1,122,728,999 382,992,898 22,327,085,823 92.6 21,865,065,313 92.3 22,327,085,823 XXX12.2 Class2 26,449,278 610,130,435 333,955,250 56,189,590 71,687,542 1,098,412,095 4.6 1,014,292,884 4.3 1,098,412,095 XXX12.3 Class3 1,453,458 49,128,743 38,835,483 1,807,702 1,386,713 92,612,099 0.4 68,172,295 0.3 92,612,099 XXX12.4 Class4 1,040,000 51,698,756 19,485,869 2,213,550 2,394,693 76,832,868 0.3 154,674,960 0.7 76,832,868 XXX12.5 Class5 13,682 5,043,903 5,878,961 26,325 0 10,962,871 0.0 14,527,404 0.1 10,962,871 XXX12.6 Class6 0 0 0 0 43,780 43,780 0.0 1,051,096 0.0 43,780 XXX

12.7 Totals 1,511,417,034 8,182,092,162 12,270,968,548 1,182,966,166 458,505,626 23,605,949,536 97.9 23,117,783,952 97.6 23,605,949,536 XXX12.8 Line12.7asa%ofColumn6 6.4 34.7 52.0 5.0 1.9 100.0 XXX XXX XXX 100.0 XXX12.9 Line12.7asa%ofLine10.7,Column6,Section10 6.3 33.9 50.9 4.9 1.9 97.9 XXX XXX XXX 97.9 XXX

13.TotalPrivatelyPlacedBonds13.1 Class1 51,554,558 217,090,464 56,363,068 0 0 325,008,090 1.3 381,024,701 1.6 XXX 325,008,09013.2 Class2 0 61,954,655 29,451,576 223,938 9,997,035 101,627,204 0.4 75,851,858 0.3 XXX 101,627,20413.3 Class3 20,687,831 13,195,332 12,255,542 0 0 46,138,705 0.2 45,768,086 0.2 XXX 46,138,70513.4 Class4 0 10,436,992 16,242,178 275,000 0 26,954,170 0.1 48,247,228 0.2 XXX 26,954,17013.5 Class5 0 4,836,304 7,268,509 14,850 0 12,119,663 0.1 11,124,610 0.0 XXX 12,119,66313.6 Class6 0 0 0 0 2,087,607 2,087,607 0.0 2,092,102 0.0 XXX 2,087,607

13.7 Totals 72,242,389 307,513,747 121,580,873 513,788 12,084,642 513,935,439 2.1 564,108,585 2.4 XXX 513,935,43913.8 Line13.7asa%ofColumn6 14.1 59.8 23.7 0.1 2.4 100.0 XXX XXX XXX XXX 100.013.9 Line13.7asa%ofLine10.7,Column6,Section10 0.3 1.3 0.5 0.0 0.1 2.1 XXX XXX XXX XXX 2.1

(a)Includes$497,407,454freelytradableunderSECRule144orqualifiedforresaleunderSECRule144A.(b)Includes$5,617,397currentyear,$915,000prioryearofbondswithZdesignationsand$0currentyear,$0prioryearofbondswithZ*designations.Theletter"Z"meanstheNAICdesignationwasnotassignedbytheSecurities

ValuationOffice(SVO)atthedateofthestatement."Z*"meanstheSVOcouldnotevaluatetheobligationbecausevaluationproceduresforthesecurityclassisunderregulatoryreview.(c)Includes$411,741currentyear,$0prioryearofbondswith5*designationsand$0currentyear,$0prioryearofbondswith6*designations."5*"meanstheNAICdesignationwasassignedbytheSVOinrelianceonthe

insurer'scertificationthattheissueriscurrentinallprincipalandinterestpayments."6*"meanstheNAICdesignationwasassignedbytheSVOduetoinadequatecertificationofprincipalandinterestpayments.

25


SCHEDULE D - PART 1A - SECTION 2MaturityDistributionofAllBondsOwnedDecember31,AtBook/AdjustedCarryingValuesbyMajorTypeandSubtypeofIssues

1 2 3 4 5 6 7 8 9 10 11Over1Year Over5Years Over10Years Total Column6 TotalFrom %From Total Total

1Year Through Through Through Over20 Current asa%of Column6 Column7 Publicly PrivatelyDistributionbyType orLess 5Years 10Years 20Years Years Year Line10.7 PriorYear PriorYear Traded Placed

1.U.S.Governments,SchedulesDandDA(Group1)1.1 IssuerObligations 85,846,405 136,683,157 395,738,706 0 14,582,118 632,850,386 2.6 2,003,376,801 8.5 632,850,386 01.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 16,230,298 16,230,298 0.1 19,767,187 0.1 16,230,298 0

1.7 Totals 85,846,405 136,683,157 395,738,706 0 30,812,416 649,080,684 2.7 2,023,143,988 8.6 649,080,684 0

2.AllOtherGovernments,SchedulesDandDA(Group2)2.1 IssuerObligations 43,341,710 150,471,980 24,505,055 1,932,259 1,195,664 221,446,668 0.9 207,692,321 0.9 221,446,668 02.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:2.3 Defined 0 0 0 0 0 0 0.0 0 0.0 0 02.4 Other 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:2.5 Defined 0 0 0 0 0 0 0.0 0 0.0 0 02.6 Other 0 0 0 0 0 0 0.0 0 0.0 0 0

2.7 Totals 43,341,710 150,471,980 24,505,055 1,932,259 1,195,664 221,446,668 0.9 207,692,321 0.9 221,446,668 0

3.States,TerritoriesandPossessions,Guaranteed,SchedulesDandDA(Group3)3.1 IssuerObligations 328,636,206 960,816,427 1,584,743,547 56,995,741 20,000,000 2,951,191,921 12.2 2,736,999,443 11.6 2,951,191,921 03.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:3.3 Defined 0 0 0 0 0 0 0.0 0 0.0 0 03.4 Other 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:3.5 Defined 0 0 0 0 0 0 0.0 0 0.0 0 03.6 Other 0 0 0 0 0 0 0.0 0 0.0 0 0

3.7 Totals 328,636,206 960,816,427 1,584,743,547 56,995,741 20,000,000 2,951,191,921 12.2 2,736,999,443 11.6 2,951,191,921 0

4.PoliticalSubdivisionsofStates,TerritoriesandPossessions,Guaranteed,SchedulesDandDA(Group4)4.1 IssuerObligations 161,838,876 602,192,575 1,440,426,501 97,585,855 32,533,782 2,334,577,589 9.7 2,223,274,276 9.4 2,334,577,589 04.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:4.3 Defined 0 0 0 0 0 0 0.0 0 0.0 0 04.4 Other 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:4.5 Defined 0 0 0 0 0 0 0.0 0 0.0 0 04.6 Other 0 0 0 0 0 0 0.0 0 0.0 0 0

4.7 Totals 161,838,876 602,192,575 1,440,426,501 97,585,855 32,533,782 2,334,577,589 9.7 2,223,274,276 9.4 2,334,577,589 0

5.SpecialRevenueandSpecialAssessmentObligationsetc.,Non-Guaranteed,SchedulesDandDA(Group5)5.1 IssuerObligations 617,303,857 3,141,661,680 6,357,264,696 343,754,929 106,011,480 10,565,996,642 43.8 10,372,626,742 43.8 10,565,996,642 05.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 56,814,415 487,299,163 183,581,264 727,694,842 3.0 830,751,294 3.5 727,694,842 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:5.3 Defined 45,472,605 771,141,803 222,535,563 11,054,445 0 1,050,204,416 4.4 1,135,820,690 4.8 1,050,204,416 05.4 Other 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:5.5 Defined 0 0 0 0 0 0 0.0 0 0.0 0 05.6 Other 0 0 0 0 0 0 0.0 0 0.0 0 0

5.7 Totals 662,776,462 3,912,803,483 6,636,614,674 842,108,537 289,592,744 12,343,895,900 51.2 12,339,198,726 52.1 12,343,895,900 0

26


SCHEDULE D - PART 1A - SECTION 2 (continued)MaturityDistributionofAllBondsOwnedDecember31,AtBook/AdjustedCarryingValuesbyMajorTypeandSubtypeofIssues



6.PublicUtilities(Unaffiliated),SchedulesDandDA(Group6)6.1 IssuerObligations 43,156,595 295,750,371 242,073,005 25,985,486 20,000,000 626,965,457 2.6 442,284,300 1.9 605,263,553 21,701,9046.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:6.3 Defined 0 0 0 0 0 0 0.0 0 0.0 0 06.4 Other 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:6.5 Defined 0 0 0 0 0 0 0.0 0 0.0 0 06.6 Other 0 0 0 0 0 0 0.0 0 0.0 0 0

6.7 Totals 43,156,595 295,750,371 242,073,005 25,985,486 20,000,000 626,965,457 2.6 442,284,300 1.9 605,263,553 21,701,904

7.IndustrialandMiscellaneous(Unaffiliated),SchedulesDandDA(Group7)7.1 IssuerObligations 126,923,582 1,825,335,185 709,241,021 84,912,166 76,419,151 2,822,831,105 11.7 2,167,169,773 9.2 2,491,943,196 330,887,9097.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:7.3 Defined 6,126,450 59,114,649 113,081,213 73,032,252 0 251,354,564 1.0 216,247,979 0.9 245,228,114 6,126,4507.4 Other 0 0 0 0 36,511 36,511 0.0 36,511 0.0 0 36,511MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:7.5 Defined 125,013,137 531,570,224 1,246,125,699 927,658 0 1,903,636,718 7.9 1,294,139,913 5.5 1,748,454,053 155,182,6657.6 Other 0 14,867,858 0 0 0 14,867,858 0.1 31,705,307 0.1 14,867,858 0

7.7 Totals 258,063,169 2,430,887,916 2,068,447,933 158,872,076 76,455,662 4,992,726,756 20.7 3,709,299,483 15.7 4,500,493,221 492,233,535

8.CreditTenantLoans,SchedulesDandDA(Group8)8.1 IssuerObligations 0 0 0 0 0 0 0.0 0 0.0 0 0

8.7 Totals 0 0 0 0 0 0 0.0 0 0.0 0 0

9.Parent,SubsidiariesandAffiliates,SchedulesDandDA(Group9)9.1 IssuerObligations 0 0 0 0 0 0 0.0 0 0.0 0 09.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:9.3 Defined 0 0 0 0 0 0 0.0 0 0.0 0 09.4 Other 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:9.5 Defined 0 0 0 0 0 0 0.0 0 0.0 0 09.6 Other 0 0 0 0 0 0 0.0 0 0.0 0 0

9.7 Totals 0 0 0 0 0 0 0.0 0 0.0 0 0

27


SCHEDULE D - PART 1A - SECTION 2 (continued)MaturityDistributionofAllBondsOwnedDecember31,AtBook/AdjustedCarryingValuesbyMajorTypeandSubtypeofIssues



10.TotalBondsCurrentYear10.1 IssuerObligations 1,407,047,231 7,112,911,375 10,753,992,531 611,166,436 270,742,195 20,155,859,768 83.6 XXX XXX 19,803,269,955 352,589,81310.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 56,814,415 487,299,163 199,811,562 743,925,140 3.1 XXX XXX 743,925,140 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:10.3 Defined 51,599,055 830,256,452 335,616,776 84,086,697 0 1,301,558,980 5.4 XXX XXX 1,295,432,530 6,126,45010.4 Other 0 0 0 0 36,511 36,511 0.0 XXX XXX 0 36,511MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:10.5 Defined 125,013,137 531,570,224 1,246,125,699 927,658 0 1,903,636,718 7.9 XXX XXX 1,748,454,053 155,182,66510.6 Other 0 14,867,858 0 0 0 14,867,858 0.1 XXX XXX 14,867,858 0

10.7 Totals 1,583,659,423 8,489,605,909 12,392,549,421 1,183,479,954 470,590,268 24,119,884,975 100.0 XXX XXX 23,605,949,536 513,935,43910.8 Line10.7asa%ofColumn6 6.6 35.2 51.4 4.9 2.0 100.0 XXX XXX XXX 97.9 2.1

11.TotalBondsPriorYear11.1 IssuerObligations 1,475,153,020 6,892,213,068 10,558,044,167 951,006,732 277,006,669 XXX XXX 20,153,423,656 85.1 19,897,333,078 256,090,57811.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 619,935,359 230,583,122 XXX XXX 850,518,481 3.6 850,518,481 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:11.3 Defined 32,781,694 755,851,483 453,197,382 101,316,842 8,921,268 XXX XXX 1,352,068,669 5.7 1,344,154,969 7,913,70011.4 Other 0 0 0 0 36,511 XXX XXX 36,511 0.0 0 36,511MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:11.5 Defined 24,783,591 536,497,392 721,717,128 11,141,802 0 XXX XXX 1,294,139,913 5.5 1,011,003,442 283,136,47111.6 Other 16,931,325 14,773,982 0 0 0 XXX XXX 31,705,307 0.1 14,773,982 16,931,325

11.7 Totals 1,549,649,630 8,199,335,925 11,732,958,677 1,683,400,735 516,547,570 XXX XXX 23,681,892,537 100.0 23,117,783,952 564,108,58511.8 Line11.7asa%ofColumn8 6.5 34.6 49.5 7.1 2.2 XXX XXX 100.0 XXX 97.6 2.4

12.TotalPubliclyTradedBonds12.1 IssuerObligations 1,386,359,400 6,914,646,361 10,632,917,482 610,652,648 258,694,064 19,803,269,955 82.1 19,897,333,078 84.0 19,803,269,955 XXX12.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 56,814,415 487,299,163 199,811,562 743,925,140 3.1 850,518,481 3.6 743,925,140 XXXMULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:12.3 Defined 45,472,605 830,256,452 335,616,776 84,086,697 0 1,295,432,530 5.4 1,344,154,969 5.7 1,295,432,530 XXX12.4 Other 0 0 0 0 0 0 0.0 0 0.0 0 XXXMULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:12.5 Defined 79,585,029 422,321,491 1,245,619,875 927,658 0 1,748,454,053 7.2 1,011,003,442 4.3 1,748,454,053 XXX12.6 Other 0 14,867,858 0 0 0 14,867,858 0.1 14,773,982 0.1 14,867,858 XXX

12.7 Totals 1,511,417,034 8,182,092,162 12,270,968,548 1,182,966,166 458,505,626 23,605,949,536 97.9 23,117,783,952 97.6 23,605,949,536 XXX12.8 Line12.7asa%ofColumn6 6.4 34.7 52.0 5.0 1.9 100.0 XXX XXX XXX 100.0 XXX12.9 Line12.7asa%ofLine10.7,Column6,Section10 6.3 33.9 50.9 4.9 1.9 97.9 XXX XXX XXX 97.9 XXX

13.TotalPrivatelyPlacedBonds13.1 IssuerObligations 20,687,831 198,265,014 121,075,049 513,788 12,048,131 352,589,813 1.5 256,090,578 1.1 XXX 352,589,81313.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 0 0 0.0 0 0.0 XXX 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:13.3 Defined 6,126,450 0 0 0 0 6,126,450 0.0 7,913,700 0.0 XXX 6,126,45013.4 Other 0 0 0 0 36,511 36,511 0.0 36,511 0.0 XXX 36,511MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:13.5 Defined 45,428,108 109,248,733 505,824 0 0 155,182,665 0.6 283,136,471 1.2 XXX 155,182,66513.6 Other 0 0 0 0 0 0 0.0 16,931,325 0.1 XXX 0

13.7 Totals 72,242,389 307,513,747 121,580,873 513,788 12,084,642 513,935,439 2.1 564,108,585 2.4 XXX 513,935,43913.8 Line13.7asa%ofColumn6 14.1 59.8 23.7 0.1 2.4 100.0 XXX XXX XXX XXX 100.013.9 Line13.7asa%ofLine10.7,Column6,Section10 0.3 1.3 0.5 0.0 0.1 2.1 XXX XXX XXX XXX 2.1

28


SCHEDULE F - PART 1AssumedReinsuranceasofDecember31,CurrentYear(000Omitted)

1 2 3 4 5 ReinsuranceOn 8 9 10 11 12 13 14 15

6 7 AmountofAssets AmountofFundsHeldBy Pledgedor Assets

Federal NAIC PaidLossesand KnownCase Contingent Assumed orDeposited Compensating PledgedorID Company Assumed LossAdjustment Losses Column6 Commissions Premiums Unearned WithReinsured Lettersof BalancestoSecure Collateral

Number Code NameofReinsured DomiciliaryJurisdiction Premium Expenses andLAE plusColumn7 Payable Receivable Premium Companies CreditPosted LettersofCredit HeldinTrust

Affiliates-U.S.IntercompanyPoolingTOTAL-FEDERALINSURANCECOMPANY 2,736,301 0 1,279,434 1,279,434 738 382,338 1,435,531 0 0 0 0TOTAL-VIGILANTINSURANCECOMPANY 47,552 0 26,289 26,289 19 6,743 24,442 0 0 0 0TOTAL-GREATNORTHERNINSURANCECOMPANY 353,212 0 204,518 204,518 144 50,069 181,381 0 0 0 0TOTAL-PACIFICINDEMNITYCOMPANY 1,621,711 0 851,957 851,957 634 228,904 834,611 0 0 0 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 49,314 0 26,607 26,607 20 6,993 24,880 0 0 0 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 50,651 0 27,297 27,297 20 7,157 25,968 0 0 0 0TOTAL-CHUBBINDEMNITYINSURANCECOMPANY 49,651 0 26,971 26,971 19 6,995 25,462 0 0 0 0TOTAL-EXECUTIVERISKINDEMNITYINC. 791,338 0 405,984 405,984 317 111,427 404,954 0 0 0 0TOTAL-EXECUTIVERISKSPECIALTYINSURANCECOMPANY 50,738 0 26,727 26,727 20 7,164 25,984 0 0 0 0TOTAL-EliminationsCompany (5,750,468) 0 (2,875,784) (2,875,784) (1,931) (807,790) (2,983,213) 0 0 0 0

0199999-Subtotal-Affiliates-U.S.IntercompanyPooling 0 0 0 0 0 0 0 0 0 0 0

Affiliates-U.S.Non-PoolTOTAL-FEDERALINSURANCECOMPANY 82,190 0 61,920 61,920 60 17,492 40,164 0 0 0 0TOTAL-GREATNORTHERNINSURANCECOMPANY 176,936 0 22,194 22,194 1 26,419 91,624 0 0 0 0TOTAL-PACIFICINDEMNITYCOMPANY 40,481 0 50,029 50,030 2 5,657 20,049 0 0 0 0TOTAL-EliminationsCompany (299,607) 0 (134,143) (134,143) (63) (49,568) (151,837) 0 0 0 0

0299999-Subtotal-Affiliates-U.S.Non-Pool 0 0 0 1 0 0 0 0 0 0 0

Affiliates-Other(Non-U.S.)TOTAL-FEDERALINSURANCECOMPANY 223,512 7,618 150,167 157,785 0 0 60,982 8,741 0 0 0TOTAL-GREATNORTHERNINSURANCECOMPANY 0 0 293 293 0 0 0 0 0 0 0TOTAL-PACIFICINDEMNITYCOMPANY 17,683 0 31,764 31,764 0 0 5,204 0 0 0 0TOTAL-EliminationsCompany 213 0 0 0 0 0 0 0 0 0 0

0399999-Subtotal-Affiliates-Other(Non-U.S.) 241,408 7,618 182,224 189,842 0 0 66,186 8,741 0 0 0

0499999-Subtotal-Affiliates 241,408 7,618 182,224 189,843 0 0 66,186 8,741 0 0 0

OtherU.S.UnaffiliatedInsurersTOTAL-FEDERALINSURANCECOMPANY 425,163 (4,066) 338,009 333,943 0 0 167,095 25,602 0 0 0TOTAL-PACIFICINDEMNITYCOMPANY 1,125 0 844 844 0 0 458 0 0 0 0TOTAL-CHUBBINSURANCECOMPANYOFNEWJERSEY 38 0 0 0 0 0 12 0 0 0 0TOTAL-EXECUTIVERISKINDEMNITYINC. 7,498 0 804 804 0 0 4,148 0 0 0 0TOTAL-EliminationsCompany 2 0 0 0 0 0 58 0 0 0 0

0599998-OtherU.S.UnaffiliatedInsurers-ReinsuranceforwhichthetotalofColumn8islessthan$100,000 43,031 (97) 2,857 2,760 0 0 10,823 262 0 0 00599999-Subtotal-OtherU.S.UnaffiliatedInsurers 434,164 (4,066) 339,824 335,758 0 0 171,947 25,602 0 0 0

Pools,AssociationsorOtherSimilarFacilities-MandatoryPoolsTOTAL-FEDERALINSURANCECOMPANY 40,302 0 62,089 62,089 0 0 15,861 0 0 0 0TOTAL-NORTHWESTERNPACIFICINDEMNITYCOMPANY 617 0 505 505 0 0 300 0 0 0 0TOTAL-CHUBBINSURANCECOMPANYOFNEWJERSEY 597 0 667 667 0 0 317 0 0 0 0

0699998-PoolsandAssociations-ReinsuranceforwhichthetotalofColumn8islessthan$100,000-MandatoryPools 4,516 0 914 914 0 0 2,594 0 0 0 00699999-Subtotal-Pools,AssociationsorOtherSimilarFacilities-MandatoryPools 41,578 0 63,272 63,272 0 0 16,508 0 0 0 0

Pools,AssociationsorOtherSimilarFacilities-VoluntaryPoolsTOTAL-FEDERALINSURANCECOMPANY 3,003 (601) 264,145 263,544 0 0 (916) 0 0 0 0TOTAL-PACIFICINDEMNITYCOMPANY 0 0 663 663 0 0 0 0 0 0 0

0799998-PoolsandAssociations-ReinsuranceforwhichthetotalofColumn8islessthan$100,000-VoluntaryPools 671 0 287 287 0 0 0 0 0 0 00799999-Subtotal-Pools,AssociationsorOtherSimilarFacilities-VoluntaryPools 3,003 (601) 264,808 264,207 0 0 (916) 0 0 0 0

0899999-Subtotal-PoolsandAssociations 44,581 (601) 328,080 327,479 0 0 15,592 0 0 0 0

34


SCHEDULE F - PART 1AssumedReinsuranceasofDecember31,CurrentYear(000Omitted)

1 2 3 4 5 ReinsuranceOn 8 9 10 11 12 13 14 15

6 7 AmountofAssets AmountofFundsHeldBy Pledgedor Assets

Federal NAIC PaidLossesand KnownCase Contingent Assumed orDeposited Compensating PledgedorID Company Assumed LossAdjustment Losses Column6 Commissions Premiums Unearned WithReinsured Lettersof BalancestoSecure Collateral

Number Code NameofReinsured DomiciliaryJurisdiction Premium Expenses andLAE plusColumn7 Payable Receivable Premium Companies CreditPosted LettersofCredit HeldinTrust

OtherNon-U.S.InsurersTOTAL-FEDERALINSURANCECOMPANY 149,599 (500) 88,600 88,100 0 0 64,381 338 0 0 0TOTAL-VIGILANTINSURANCECOMPANY 103 5 739 744 0 0 5 0 0 0 0TOTAL-GREATNORTHERNINSURANCECOMPANY 2,896 0 967 967 0 0 1,386 0 0 0 0TOTAL-EXECUTIVERISKINDEMNITYINC. 2,710 23 9,817 9,840 0 0 328 0 0 0 0

0999998-OtherNon-U.S.Insurers-ReinsuranceforwhichthetotalofColumn8islessthan$100,000 44,103 784 506 1,290 0 0 18,020 326 0 0 00999999-Subtotal-OtherNon-U.S.Insurers 155,334 (472) 100,123 99,651 0 0 66,103 338 0 0 0

9999999-TOTAL-ScheduleF,Part1 875,487 2,479 950,252 952,732 0 0 319,828 34,681 0 0 0

34.1


SCHEDULE F - PART 2PremiumPortfolioReinsuranceEffectedor(Cancelled)duringCurrentYear

1 2 3 4 5 6

Federal NAICID Company Dateof Original Reinsurance

Number Code NameofCompany Contract Premium Premium

NONE

35


SCHEDULE F - PART 3CededReinsuranceasofDecember31,CurrentYear(000Omitted)

1 2 3 4 5 6 18 19Reinsurance ReinsuranceRecoverableOn ReinsurancePayable

Contracts NetAmountCeding75% 7 8 9 10 11 12 13 14 15 16 17 Recoverable FundsHeldorMoreof Column7 Other From byCompany

Federal NAIC Direct Reinsurance KnownCase through Ceded Amounts Reinsurers UnderID Company Premiums Premiums Paid Paid KnownCase LAE IBNR IBNRLAE Unearned Contingent Column14 Balances Dueto Columns15- Reinsurance

Number Code NameofReinsurer DomiciliaryJurisdiction Written Ceded Losses LAE LossReserves Reserves LossReserves Reserves Premiums Commissions Totals Payable Reinsurers (16+17) Treaties

Authorized-Affiliates-U.S.IntercompanyPoolingTOTAL-FEDERALINSURANCECOMPANY 2,008,029 0 0 930,983 226,941 2,145,528 511,887 1,013,479 923 4,829,741 286,724 0 4,543,017 0TOTAL-VIGILANTINSURANCECOMPANY 701,955 0 0 170,216 44,131 357,928 96,117 346,831 191 1,015,414 93,401 0 922,013 0TOTAL-GREATNORTHERNINSURANCECOMPANY 1,421,413 0 0 324,270 67,885 362,008 118,040 716,474 363 1,589,040 198,020 0 1,391,020 0TOTAL-PACIFICINDEMNITYCOMPANY 569,059 0 0 335,967 55,488 254,436 50,765 275,968 212 972,836 80,041 0 892,795 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 343,902 0 0 113,540 35,142 280,970 85,180 256,183 5 771,020 43,013 0 728,007 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 77,652 0 0 8,161 1,508 12,045 1,978 39,741 1 63,434 10,328 0 53,106 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 276,534 0 0 63,543 11,115 77,358 11,278 140,468 209 303,971 42,644 0 261,327 0TOTAL-EXECUTIVERISKINDEMNITYINC. 291,646 0 0 241,989 120,315 584,719 208,181 157,969 16 1,313,189 45,028 0 1,268,161 0TOTAL-EXECUTIVERISKSPECIALTYINSURAN 60,255 0 0 82,778 40,417 209,563 53,587 36,171 3 422,519 8,926 0 413,593 0TOTAL-EliminationsCompany (5,750,445) 0 0 (2,271,447) (602,942) (4,284,555) (1,137,013) (2,983,284) (1,923) (11,281,164) (808,125) 0 (10,473,039) 0

0199999-Subtotal-Authorized-Affiliates-U.S.IntercompanyPooling 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Authorized-Affiliates-U.S.Non-PoolTOTAL-NORTHWESTERNPACIFICINDEMNITYC 36,628 0 0 42,877 2,985 22,642 3,652 18,219 2 90,377 4,582 0 85,795 0TOTAL-TEXASPACIFICINDEMNITYCOMPANY 3,853 0 0 2,952 1,215 5,513 894 1,829 0 12,403 1,075 0 11,328 0TOTAL-CHUBBINSURANCECOMPANYOFNEWJ 82,190 0 0 49,123 12,797 85,647 10,838 40,164 60 198,629 17,492 0 181,137 0TOTAL-CHUBBLLOYDSINSURANCECOMPANYO 176,936 0 0 18,949 3,247 33,310 4,569 91,624 1 151,700 26,419 0 125,281 0TOTAL-EliminationsCompany (299,607) 0 0 (113,901) (20,244) (147,112) (19,953) (151,836) (63) (453,109) (49,568) 0 (403,541) 0

0299999-Subtotal-Authorized-Affiliates-U.S.Non-Pool 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Authorized-OtherU.S.UnaffiliatedInsurersTOTAL-FEDERALINSURANCECOMPANY 182,898 77,813 25,840 234,224 22,863 215,870 47,602 74,163 0 698,375 47,401 0 650,974 31,896TOTAL-VIGILANTINSURANCECOMPANY 1,271 550 184 1,654 169 1,476 344 510 0 4,887 299 0 4,588 234TOTAL-GREATNORTHERNINSURANCECOMPANY 10,098 4,378 1,501 13,635 1,304 11,769 2,743 4,089 0 39,419 2,440 0 36,979 1,862

(continues)

NOTE:A.Reportthefivelargestprovisionalcommissionratesincludedinthecedant'sreinsurancetreaties.Thecommissionratetobereportedisbycontractwithcededpremiuminexcessof$50,000:

1 2 3NameofReinsurer CommissionRate CededPremium

1) HARBORPOINTRELTD 41.548 129,058,9232) DELAGELANDENRELTD 37.613 4,472,1563) TBBINSURANCECOMPANY 35.005 175,1954) TBBINSURANCECOMPANY 33.502 2,144,2005) HARBORPOINTRELTD 33.334 246,752,778

B.ReportthefivelargestreinsurancerecoverablesreportedinColumn15,duefromanyonereinsurer(basedonthetotalrecoverables,Line9999999,Column15),theamountofcededpremium,andindicatewhethertherecoverablesareduefromanaffiliatedinsurer.

1 2 3 4NameofReinsurer TotalRecoverables CededPremium Affiliated

1) HARBORPOINTRELTD 340,851,637 375,811,701 Yes()No()2) ASSOCIATEDAVIATIONUNDERWRITERS 310,859,306 1,822,684 Yes()No()3) TRANSATLANTICREINCO 160,450,104 33,319,370 Yes()No()4) SWISSREINAMERCORP 136,249,659 48,346,377 Yes()No()5) AMERICANNUCLEARINSURERS 83,278,429 22,057,416 Yes()No()

36







Authorized-OtherU.S.UnaffiliatedInsurers(continued)TOTAL-PACIFICINDEMNITYCOMPANY 38,688 18,301 6,239 57,268 5,440 48,023 11,255 15,646 0 162,172 9,744 0 152,428 7,887TOTAL-CHUBBCUSTOMINSURANCECOMPANY 1,143 551 186 1,683 166 1,419 333 460 0 4,798 283 0 4,515 233TOTAL-CHUBBNATIONALINSURANCECOMPANY 1,270 554 187 1,704 169 1,474 344 510 0 4,942 301 0 4,641 234TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 1,271 550 184 1,654 169 1,476 344 510 0 4,887 299 0 4,588 234TOTAL-EXECUTIVERISKINDEMNITYINC. 18,174 9,459 2,991 26,951 2,562 22,634 5,308 7,366 0 77,271 4,596 0 72,675 3,710TOTAL-EXECUTIVERISKSPECIALTYINSURAN 1,053 530 185 1,503 156 1,374 314 421 0 4,483 268 0 4,215 234TOTAL-EliminationsCompany 5 0 0 (14) 5 2 4 129 0 126 215 0 (89) (2)

0599999-Subtotal-Authorized-OtherU.S.UnaffiliatedInsurers 255,871 112,686 37,497 340,262 33,003 305,517 68,591 103,804 0 1,001,360 65,846 0 935,514 46,522

Authorized-Pools-MandatoryPoolsTOTAL-FEDERALINSURANCECOMPANY 21,479 3,135 64 21,412 622 2,906 420 23 0 28,582 (10,556) 0 39,138 0TOTAL-VIGILANTINSURANCECOMPANY 155 22 0 157 5 21 3 0 0 208 (77) 0 285 0TOTAL-GREATNORTHERNINSURANCECOMPANY 1,253 180 4 1,250 36 170 24 1 0 1,665 (616) 0 2,281 0TOTAL-PACIFICINDEMNITYCOMPANY 5,308 765 16 5,315 154 721 104 6 0 7,081 (2,620) 0 9,701 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 154 7 0 106 4 20 3 0 0 140 (76) 0 216 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 156 22 0 157 5 21 3 0 0 208 (77) 0 285 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 155 22 0 157 5 21 3 0 0 208 (77) 0 285 0TOTAL-EXECUTIVERISKINDEMNITYINC. 2,478 100 7 1,684 64 317 47 1 0 2,220 (1,217) 0 3,437 0TOTAL-EXECUTIVERISKSPECIALTYINSURAN 154 7 0 106 4 20 3 0 0 140 (76) 0 216 0

0699999-Subtotal-Authorized-Pools-MandatoryPools 31,292 4,260 91 30,344 899 4,217 610 31 0 40,452 (15,392) 0 55,844 0

Authorized-Pools-VoluntaryPoolsTOTAL-FEDERALINSURANCECOMPANY 15,669 46 10 211,057 11,917 26,791 6,622 47,068 0 303,511 0 0 303,511 0TOTAL-VIGILANTINSURANCECOMPANY 107 0 0 250 7 25 0 344 0 626 0 0 626 0TOTAL-GREATNORTHERNINSURANCECOMPANY 863 2 0 1,958 58 200 0 2,748 0 4,966 0 0 4,966 0TOTAL-PACIFICINDEMNITYCOMPANY 3,670 12 2 8,319 252 854 2 11,681 0 21,122 (35) 0 21,157 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 107 0 0 245 7 25 0 344 0 621 0 0 621 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 107 0 0 245 7 25 0 344 0 621 0 0 621 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 107 0 0 250 7 25 0 344 0 626 0 0 626 0TOTAL-EXECUTIVERISKINDEMNITYINC. 1,727 0 0 3,912 117 400 0 5,497 0 9,926 0 0 9,926 0TOTAL-EXECUTIVERISKSPECIALTYINSURAN 110 0 0 191 7 11 0 353 0 562 0 0 562 0

0799999-Subtotal-Authorized-Pools-VoluntaryPools 22,467 60 12 226,427 12,379 28,356 6,624 68,723 0 342,581 (35) 0 342,616 0

Authorized-OtherNon-U.S.InsurersTOTAL-FEDERALINSURANCECOMPANY 137,382 89,184 15,150 125,560 7,081 69,822 14,050 18,841 0 339,688 14,549 0 325,139 73TOTAL-VIGILANTINSURANCECOMPANY 916 264 52 438 47 405 62 121 0 1,389 100 0 1,289 0TOTAL-GREATNORTHERNINSURANCECOMPANY 7,696 2,227 421 3,701 409 3,278 511 962 0 11,509 813 0 10,696 5TOTAL-PACIFICINDEMNITYCOMPANY 32,930 9,212 1,750 15,545 1,694 13,924 2,182 4,090 0 48,397 3,451 0 44,946 18TOTAL-CHUBBCUSTOMINSURANCECOMPANY 916 265 52 436 47 405 62 121 0 1,388 99 0 1,289 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 959 278 53 465 48 409 62 123 0 1,438 102 0 1,336 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 916 264 52 438 47 405 62 121 0 1,389 100 0 1,289 0TOTAL-EXECUTIVERISKINDEMNITYINC. 14,705 4,930 813 6,950 792 6,491 1,018 1,883 0 22,877 1,569 0 21,308 4TOTAL-EXECUTIVERISKSPECIALTYINSURAN 911 279 54 436 47 424 62 121 0 1,423 100 0 1,323 0

0899999-Subtotal-Authorized-OtherNon-U.S.Insurers 197,331 106,903 18,397 153,969 10,212 95,563 18,071 26,383 0 429,498 20,883 0 408,615 100

0999999-Subtotal-Authorized 506,961 223,909 55,997 751,002 56,493 433,653 93,896 198,941 0 1,813,891 71,302 0 1,742,589 46,622

Unauthorized-Affiliates-Other(Non-U.S.)TOTAL-FEDERALINSURANCECOMPANY 34,011 47 70 2,956 390 13,855 2,904 16,300 0 36,522 873 0 35,649 17,845TOTAL-VIGILANTINSURANCECOMPANY 172 0 1 19 3 67 21 85 0 196 4 0 192 130TOTAL-GREATNORTHERNINSURANCECOMPANY 1,378 3 4 156 23 533 166 683 0 1,568 33 0 1,535 1,042TOTAL-PACIFICINDEMNITYCOMPANY 5,856 12 17 663 97 2,268 705 2,903 0 6,665 141 0 6,524 4,429TOTAL-CHUBBCUSTOMINSURANCECOMPANY 172 0 1 19 3 67 21 85 0 196 4 0 192 130TOTAL-CHUBBNATIONALINSURANCECOMPANY 172 0 1 19 3 67 21 85 0 196 4 0 192 130

(continues)

36.1







Unauthorized-Affiliates-Other(Non-U.S.)(continued)TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 172 0 1 19 3 67 21 85 0 196 4 0 192 130TOTAL-EXECUTIVERISKINDEMNITYINC. 2,756 5 8 312 46 1,066 332 1,366 0 3,135 66 0 3,069 2,084TOTAL-EXECUTIVERISKSPECIALTYINSURAN 172 0 1 19 3 67 21 85 0 196 4 0 192 130TOTAL-EliminationsCompany 185 0 0 0 0 0 0 0 0 0 0 0 0 0

1299999-Subtotal-Unauthorized-Affiliates-Other(Non-U.S.) 45,046 67 104 4,182 571 18,057 4,212 21,677 0 48,870 1,133 0 47,737 26,050

1399999-Subtotal-Unauthorized-Affiliates 45,046 67 104 4,182 571 18,057 4,212 21,677 0 48,870 1,133 0 47,737 26,050

Unauthorized-OtherU.S.UnaffiliatedInsurersTOTAL-FEDERALINSURANCECOMPANY 14,206 2,043 129 6,017 1,102 4,358 1,849 13,964 0 29,462 916 0 28,546 490TOTAL-VIGILANTINSURANCECOMPANY 103 18 3 90 7 30 15 101 0 264 11 0 253 4TOTAL-GREATNORTHERNINSURANCECOMPANY 826 116 6 330 58 250 109 815 0 1,684 61 0 1,623 28TOTAL-PACIFICINDEMNITYCOMPANY 7,754 777 184 2,066 342 3,067 872 5,181 0 12,489 924 0 11,565 151TOTAL-CHUBBCUSTOMINSURANCECOMPANY 230 17 1 61 10 87 26 151 0 353 27 0 326 5TOTAL-CHUBBNATIONALINSURANCECOMPANY 103 14 0 40 7 32 15 101 0 209 9 0 200 4TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 103 18 3 90 7 30 15 101 0 264 11 0 253 4TOTAL-EXECUTIVERISKINDEMNITYINC. 3,677 284 26 977 160 1,406 403 2,438 0 5,694 411 0 5,283 71TOTAL-EXECUTIVERISKSPECIALTYINSURAN 320 38 2 241 20 132 45 190 0 668 41 0 627 4

1499999-Subtotal-Unauthorized-OtherU.S.UnaffiliatedInsurers 27,322 3,325 354 9,912 1,713 9,392 3,349 23,042 0 51,087 2,411 0 48,676 761

Unauthorized-Pools-MandatoryPoolsTOTAL-FEDERALINSURANCECOMPANY 3,551 0 0 303 0 0 0 239 0 542 0 0 542 0TOTAL-VIGILANTINSURANCECOMPANY 26 0 0 2 0 0 0 2 0 4 0 0 4 0TOTAL-GREATNORTHERNINSURANCECOMPANY 207 0 0 18 0 0 0 14 0 32 0 0 32 0TOTAL-PACIFICINDEMNITYCOMPANY 904 0 0 75 0 0 0 59 0 134 0 0 134 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 27 15 0 53 1 1 0 2 0 72 (1) 0 73 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 25 0 0 2 0 0 0 2 0 4 0 0 4 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 26 0 0 2 0 0 0 2 0 4 0 0 4 0TOTAL-EXECUTIVERISKINDEMNITYINC. 446 261 0 851 8 22 2 29 0 1,173 (16) 0 1,189 0TOTAL-EXECUTIVERISKSPECIALTYINSURAN 27 15 0 53 1 1 0 2 0 72 (1) 0 73 0

1599999-Subtotal-Unauthorized-Pools-MandatoryPools 5,239 291 0 1,359 10 24 2 351 0 2,037 (18) 0 2,055 0

Unauthorized-Pools-VoluntaryPoolsTOTAL-FEDERALINSURANCECOMPANY 1,096 68 50 105,857 4,500 10,018 2,744 1,269 0 124,506 0 0 124,506 0TOTAL-VIGILANTINSURANCECOMPANY 3 0 0 2 0 0 0 9 0 11 0 0 11 0TOTAL-GREATNORTHERNINSURANCECOMPANY 23 0 2 53 2 3 0 74 0 134 0 0 134 0TOTAL-PACIFICINDEMNITYCOMPANY 98 5 10 229 10 17 1 315 0 587 (23) 0 610 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 3 0 0 7 0 0 0 9 0 16 0 0 16 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 3 0 0 7 0 0 0 9 0 16 0 0 16 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 3 0 0 2 0 0 0 9 0 11 0 0 11 0TOTAL-EXECUTIVERISKINDEMNITYINC. 46 4 4 106 4 6 0 148 0 272 0 0 272 0TOTAL-EXECUTIVERISKSPECIALTYINSURAN 0 0 0 61 0 14 0 0 0 75 0 0 75 0

1699999-Subtotal-Unauthorized-Pools-VoluntaryPools 1,275 77 66 106,324 4,516 10,058 2,745 1,842 0 125,628 (23) 0 125,651 0

Unauthorized-OtherNon-U.S.InsurersTOTAL-FEDERALINSURANCECOMPANY 402,241 16,006 5,464 90,296 6,803 188,596 12,078 121,004 0 440,247 48,568 0 391,679 988TOTAL-VIGILANTINSURANCECOMPANY 2,910 113 35 651 45 1,293 79 810 0 3,026 281 0 2,745 4TOTAL-GREATNORTHERNINSURANCECOMPANY 22,974 795 298 4,987 373 10,345 658 6,475 0 23,931 2,209 0 21,722 36TOTAL-PACIFICINDEMNITYCOMPANY 97

chubb combined annual statemen 8442

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