chubb Combined Annual Statemen 6939

PROPERTYANDCASUALTYCOMPANIES-ASSOCIATIONEDITION

COMBINED ANNUAL STATEMENTFORTHEYEARENDEDDECEMBER31,2006

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 MinnesotaPACIFICINDEMNITYCOMPANY 20346 WisconsinCHUBBCUSTOMINSURANCECOMPANY 38989 DelawareCHUBBNATIONALINSURANCECOMPANY 10052 IndianaCHUBBINDEMNITYINSURANCECOMPANY 12777 NewYorkNORTHWESTERNPACIFICINDEMNITYCOMPANY 20338 OregonTEXASPACIFICINDEMNITYCOMPANY 20389 TexasCHUBBINSURANCECOMPANYOFNEWJERSEY 41386 NewJerseyCHUBBLLOYDSINSURANCECOMPANYOFTEXAS 27774 TexasEXECUTIVERISKINDEMNITYINC. 35181 DelawareEXECUTIVERISKSPECIALTYINSURANCECOMPANY 44792 ConnecticutQUADRANTINDEMNITYCOMPANY 10829 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)

[email protected] 908-903-3805

(E-MailAddress) (FaxNumber)

0 0 3 8 8 2 0 0 6 2 0 1 0 0 1 0 0

*00388200620100100*

ANNUALSTATEMENTFORTHEYEAR2006OFTHECOMBINEDFEDERALINSURANCECOMPANY

ASSETSCurrentYear PriorYear

1 2 3 4NetAdmitted

Nonadmitted Assets(Column1 NetAdmittedAssets Assets minusColumn2) Assets

1. Bonds(ScheduleD) 23,576,420,035 0 23,576,420,035 22,739,578,046

2. Stocks(ScheduleD):

2.1 Preferredstocks 60,505,027 0 60,505,027 102,191,135

2.2 Commonstocks 5,294,759,845 81,767,638 5,212,992,207 4,112,115,684

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) 145,653,690 0 145,653,690 166,320,190

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

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

5. Cash($(121,388,624),ScheduleE-Part1),cashequivalents($915,877,189,ScheduleE-Part2)andshort-terminvestments($106,720,730,ScheduleDA) 901,209,295 0 901,209,295 455,542,008

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

7. Otherinvestedassets(ScheduleBA) 1,368,928,496 9,927,161 1,359,001,335 957,864,974

8. Receivablesforsecurities 5,074,766 0 5,074,766 22,541,275

9. Aggregatewrite-insforinvestedassets 0 0 0 0

10. Subtotals,cashandinvestedassets(Line1throughLine9) 31,352,551,154 91,694,799 31,260,856,355 28,556,153,312

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

12. Investmentincomedueandaccrued 302,043,517 304,222 301,739,295 292,672,270

13. Premiumsandconsiderations:

13.1 Uncollectedpremiumsandagents'balancesinthecourseofcollection 1,101,873,625 99,623,626 1,002,249,999 978,999,485

13.2 Deferredpremiums,agents'balancesandinstallmentsbookedbutdeferredandnotyetdue(including$22,050,000earnedbutunbilledpremiums) 922,832,421 2,205,000 920,627,421 905,472,655

13.3 Accruedretrospectivepremiums 0 0 0 0

14. Reinsurance:

14.1 Amountsrecoverablefromreinsurers 558,137,940 0 558,137,940 359,626,003

14.2 Fundsheldbyordepositedwithreinsuredcompanies 41,306,379 0 41,306,379 57,923,989

14.3 Otheramountsreceivableunderreinsurancecontracts 0 0 0 0

15. Amountsreceivablerelatingtouninsuredplans 0 0 0 0

16.1 Currentfederalandforeignincometaxrecoverableandinterestthereon 0 0 0 0

16.2 Netdeferredtaxasset 858,527,188 135,787,697 722,739,491 630,013,505

17. Guarantyfundsreceivableorondeposit 0 0 0 0

18. Electronicdataprocessingequipmentandsoftware 17,359,742 1,103,711 16,256,031 20,642,387

19. Furnitureandequipment,includinghealthcaredeliveryassets($0) 34,439,547 34,439,547 0 0

20. Netadjustmentinassetsandliabilitiesduetoforeignexchangerates 0 0 0 0

21. Receivablesfromparent,subsidiariesandaffiliates 54,934,354 0 54,934,354 24,929,868

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

23. Aggregatewrite-insforotherthaninvestedassets 619,745,901 465,342,684 154,403,217 145,394,577

24. TotalassetsexcludingSeparateAccounts,SegregatedAccountsandProtectedCellAccounts(Line10toLine23) 35,863,751,768 830,501,286 35,033,250,482 31,971,828,051

25. FromSeparateAccounts,SegregatedAccountsandProtectedCellAccounts 0 0 0 0

26. TOTALS(Line24andLine25) 35,863,751,768 830,501,286 35,033,250,482 31,971,828,051

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 97,278,020 96,808 97,181,212 88,916,5732302.AMOUNTSRECEIVABLEUNDERHIGHDEDUCTIBLEPOLICIES 27,741,805 254,666 27,487,139 28,256,2742303.STATESURCHARGESRECEIVABLE 21,366,754 23,481 21,343,273 20,804,9462398.Summaryofremainingwrite-insforLine23fromoverflowpage 473,359,322 464,967,729 8,391,593 7,416,7842399.Totals(Line2301throughLine2303plusLine2398)(Line23above) 619,745,901 465,342,684 154,403,217 145,394,577

2


LIABILITIES, SURPLUS AND OTHER FUNDS1 2

CurrentYear PriorYear

1. Losses(Part2A,Line34,Column8) 12,778,059,181 12,469,757,584

2. Reinsurancepayableonpaidlossesandlossadjustmentexpenses(ScheduleF,Part1,Columnn6) 58,853,752 23,993,109

3. Lossadjustmentexpenses(Part2A,Line34,Column9) 3,718,260,571 3,465,161,830

4. Commissionspayable,contingentcommissionsandothersimilarcharges 124,803,502 129,511,377

5. Otherexpenses(excludingtaxes,licensesandfees) 417,613,425 348,916,766

6. Taxes,licensesandfees(excludingfederalandforeignincometaxes) 67,643,659 57,058,955

7.1 Currentfederalandforeignincometaxes(including$3,616,790onrealizedcapitalgains(losses)) 87,194,352 188,877,926

7.2 Netdeferredtaxliability 0 0

8. Borrowedmoney$0andinterestthereon$0 0 0

9. Unearnedpremiums(Part1A,Line37,Column5)(afterdeductingunearnedpremiumsforcededreinsuranceof$306,389,656andincluding

warrantyreservesof$0) 5,189,230,155 5,205,343,728

10. Advancepremium 0 0

11. Dividendsdeclaredandunpaid:

11.1Stockholders 0 0

11.2Policyholders 104,890,109 91,980,146

12. Cededreinsurancepremiumspayable(netofcedingcommissions) 199,724,023 274,177,611

13. Fundsheldbycompanyunderreinsurancetreaties(ScheduleF,Part3,Column19) 82,033,187 116,395,959

14. Amountswithheldorretainedbycompanyforaccountofothers 9,480,993 9,168,249

15. Remittancesanditemsnotallocated 0 0

16. Provisionforreinsurance(ScheduleF,Part7) 279,429,460 352,900,089

17. Netadjustmentsinassetsandliabilitiesduetoforeignexchangerates 0 0

18. Draftsoutstanding 0 0

19. Payabletoparent,subsidiariesandaffiliates 119,912,676 0

20. Payableforsecurities 117,878,042 93,680,798

21. Liabilityforamountsheldunderuninsuredplans 0 0

22. Capitalnotes$0andinterestthereon$0 0 0

23. Aggregatewrite-insforliabilities 400,995,764 311,615,009

24. Totalliabilitiesexcludingprotectedcellliabilities(Line1throughLine23) 23,756,002,851 23,138,539,136

25. Protectedcellliabilities 0 0

26. Totalliabilities(Line24andLine25) 23,756,002,851 23,138,539,136

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) 8,149,477,561 5,705,518,845

34. Lesstreasurystock,atcost:

34.10sharescommon(valueincludedinLine28$0) 0 0

34.20sharespreferred(valueincludedinLine29$0) 0 0

35. Surplusasregardspolicyholders(Line27toLine33,lessLine34)(Page4,Line39) 11,277,247,631 8,833,288,915

36. Totals(Page2,Line26,Column3) 35,033,250,482 31,971,828,051

DETAILSOFWRITE-INS2301. ACCOUNTSPAYABLE-SUNDRY 314,875,339 218,022,4932302. DEPOSITLIABILITIES 64,072,883 74,898,7752303. FINANCIALGUARANTYCONTINGENCYRESERVES 13,573,542 11,734,7412398. Summaryofremainingwrite-insforLine23fromoverflowpage 8,474,000 6,959,0002399. Totals(Line2301throughLine2303plusLine2398)(Line23above) 400,995,764 311,615,009

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) 9,990,564,170 10,307,168,341

DEDUCTIONS

2. Lossesincurred(Part2,Line34,Column7) 4,143,177,172 5,281,708,965

3. Lossexpensesincurred(Part3,Line25,Column1) 1,359,192,671 1,439,192,001

4. Otherunderwritingexpensesincurred(Part3,Line25,Column2) 2,820,795,428 2,839,887,391

5. Aggregatewrite-insforunderwritingdeductions 848,286 849,814

6. Totalunderwritingdeductions(Line2throughLine5) 8,324,013,557 9,561,638,171

7. Netincomeofprotectedcells 0 0

8. Netunderwritinggain(loss)(Line1minusLine6plusLine7) 1,666,550,613 745,530,170

INVESTMENTINCOME

9. Netinvestmentincomeearned(ExhibitofNetInvestmentIncome,Line17) 1,125,158,777 1,138,980,927

10. Netrealizedcapitalgains(losses)lesscapitalgainstaxof$32,397,412(ExhibitofCapitalGains(Losses)) 71,500,683 151,156,389

11. Netinvestmentgain(loss)(Line9plusLine10) 1,196,659,460 1,290,137,316

OTHERINCOME

12. Netgain(loss)fromagents'orpremiumbalanceschargedoff(amountrecovered$11,454,940,amountchargedoff$20,606,560) (9,151,620) (9,361,947)

13. Financeandservicechargesnotincludedinpremiums 0 0

14. Aggregatewrite-insformiscellaneousincome 23,778,791 45,949,331

15. Totalotherincome(Line12throughLine14) 14,627,171 36,587,384

16. Netincomebeforedividendstopolicyholders,aftercapitalgainstaxandbeforeallotherfederalandforeignincometaxes(Line8plusLine11plusLine15) 2,877,837,244 2,072,254,870

17. Dividendstopolicyholders 31,548,927 22,911,425

18. Netincome,afterdividendstopolicyholders,aftercapitalgainstaxandbeforeallotherfederalandforeignincometaxes(Line16minusLine17) 2,846,288,317 2,049,343,445

19. Federalandforeignincometaxesincurred 688,781,164 375,848,547

20. Netincome(Line18minusLine19)(toLine22) 2,157,507,153 1,673,494,898

CAPITALANDSURPLUSACCOUNT

21. Surplusasregardspolicyholders,December31prioryear(Page4,Line39,Column2) 8,833,288,915 7,764,265,229

22. Netincome(fromLine20) 2,157,507,153 1,673,494,898

23. Nettransfers(to)fromProtectedCellaccounts 0 0

24. Changeinnetunrealizedcapitalgainsor(losses)lesscapitalgainstaxof$291,784,590 517,305,716 177,371,498

25. Changeinnetunrealizedforeignexchangecapitalgain(loss) (11,446,165) 377,206

26. Changeinnetdeferredincometax (4,780,052) (15,690,413)

27. Changeinnonadmittedassets(ExhibitofNonadmittedAssets,Line26,Column3) 280,741,249 (22,112,968)

28. Changeinprovisionforreinsurance(Page3,Line16,Column2minusColumn1) 73,470,629 (113,877,734)

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 (650,000,000) (628,700,000)

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

37. Aggregatewrite-insforgainsandlossesinsurplus 81,160,186 (1,838,801)

38. Changeinsurplusasregardspolicyholdersfortheyear(Line22throughLine37) 2,443,958,716 1,069,023,686

39. Surplusasregardspolicyholders,December31currentyear(Line21plusLine38)(Page3,Line35) 11,277,247,631 8,833,288,915

DETAILSOFWRITE-INS0501.LADPROGRAMEXPENSE 848,286 849,8140502. 0 00503. 0 00598.Summaryofremainingwrite-insforLine5fromoverflowpage 0 00599.Totals(Line0501throughLine0503plusLine0598)(Line5above) 848,286 849,814

1401.MISCELLANEOUSINCOME 23,778,791 45,949,3311402. 0 01403. 0 01498.Summaryofremainingwrite-insforLine14fromoverflowpage 0 01499.Totals(Line1401throughLine1403plusLine1498)(Line14above) 23,778,791 45,949,331

3701.CORRECTIONOFERROR 82,998,987 03702.CHANGEINFINANCIALGUARANTYCONTINGENCYRESERVES (1,838,801) (1,838,801)3703. 0 03798.Summaryofremainingwrite-insforLine37fromoverflowpage 0 03799.Totals(Line3701throughLine3703plusLine3798)(Line37above) 81,160,186 (1,838,801)

4


CASH FLOW1 2

CurrentYear PriorYear

CashfromOperations

1. Premiumscollectednetofreinsurance 9,839,432,644 10,425,398,9922. Netinvestmentincome 1,311,829,988 1,286,939,9953. Miscellaneousincome 88,321,217 (301,067,019)

4. Total(Line1throughLine3) 11,239,583,849 11,411,271,968

5. Benefitandlossrelatedpayments 3,998,526,869 4,022,430,1546. NettransferstoSeparate,SegregatedAccountsandProtectedCellAccounts 0 07. Commissions,expensespaidandaggregatewrite-insfordeductions 3,853,722,297 3,934,158,5078. Dividendspaidtopolicyholders 18,638,964 15,611,2399. Federalandforeignincometaxespaid(recovered)$41,754,469netoftaxoncapitalgains(losses) 822,862,150 303,517,169

10. Total(Line5throughLine9) 8,693,750,280 8,275,717,069

11. Netcashfromoperations(Line4minusLine10) 2,545,833,569 3,135,554,899

CashfromInvestments

12. Proceedsfrominvestmentssold,maturedorrepaid:12.1 Bonds 3,398,066,399 6,639,941,65012.2 Stocks 249,796,754 349,704,22312.3 Mortgageloans 0 012.4 Realestate 17,729,857 012.5 Otherinvestedassets 241,393,583 225,974,71612.6 Netgainsor(losses)oncash,cashequivalentsandshort-terminvestments 9,468,980 (25,850)12.7 Miscellaneousproceeds 17,504,760 84,361,372

12.8 Totalinvestmentproceeds(Line12.1throughLine12.7) 3,933,960,333 7,299,956,111

13. Costofinvestmentsacquired(long-termonly):13.1 Bonds 4,422,155,204 8,962,217,13913.2 Stocks 650,916,652 669,218,05513.3 Mortgageloans 0 013.4 Realestate 0 013.5 Otherinvestedassets 403,876,007 236,447,58113.6 Miscellaneousapplications (24,197,244) 34,379,076

13.7 Totalinvestmentsacquired(Line13.1throughLine13.6) 5,452,750,619 9,902,261,851

14. Netincrease(decrease)incontractloansandpremiumnotes 0 0

15. Netcashfrominvestments(Line12.8minusLine13.7minusLine14) (1,518,790,286) (2,602,305,740)

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 650,000,000 628,700,00016.6 Othercashprovided(applied) 68,624,004 (7,631,248)

17. Netcashfromfinancingandmiscellaneoussources(Line16.1throughLine16.4minusLine16.5plusLine16.6) (581,375,996) (636,331,248)

RECONCILIATIONOFCASH,CASHEQUIVALENTSANDSHORT-TERMINVESTMENTS

18. Netchangeincash,cashequivalentsandshort-terminvestments(Line11plusLine15plusLine17) 445,667,287 (103,082,089)

19. Cash,cashequivalentsandshort-terminvestments:19.1 Beginningofperiod 455,542,008 558,624,09719.2 Endofyear(Line18plusLine19.1) 901,209,295 455,542,008

Note:Supplementaldisclosuresofcashflowinformationfornon-cashtransactions:

20.0001LINES12.1,12.7,13.1AND16.5INCLUDEANON-CASHTRANSACTIONRELATEDTOSECURITIESRECEIVEDIN 0 108,700,00020.0002CONNECTIONWITHTHESALEOFASSUMEDREINSURANCEBUSINESS,WHICHWERESUBSEQUENTLYDISTRIBUTEDTO 0 020.0003THEPARENTINTHEFORMOFADIVIDEND. 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 24,768,994 20,630,076 18,707,812 26,691,258

2. Alliedlines 7,470,821 13,412,608 8,823,865 12,059,564

3. Farmownersmultipleperil 0 0 0 0

4. Homeownersmultipleperil 1,626,729,606 823,889,232 893,790,931 1,556,827,907

5. Commercialmultipleperil 1,654,246,007 819,525,807 856,415,974 1,617,355,840

6. Mortgageguaranty 0 0 0 0

8. Oceanmarine 189,556,899 63,281,077 72,643,374 180,194,602

9. Inlandmarine 453,062,103 230,026,095 246,625,795 436,462,403

10. Financialguaranty 3,677,604 1,409,749 1,409,748 3,677,605

11.1 Medicalmalpractice-occurrence 22,688,369 22,567,052 10,845,871 34,409,550

11.2 Medicalmalpractice-claims-made (8,748,001) 15,988,139 7,052,410 187,728

12. Earthquake 39,324,064 16,899,588 20,407,410 35,816,242

13. Groupaccidentandhealth 101,724,746 30,613,474 33,749,424 98,588,796

14. Creditaccidentandhealth(groupandindividual) 0 0 0 0

15. Otheraccidentandhealth 2,825,772 7,903,874 4,554,590 6,175,056

16. Workers'compensation 849,559,305 334,893,562 320,257,883 864,194,984

17.1 Otherliability-occurrence 1,105,101,309 539,911,608 517,328,883 1,127,684,034

17.2 Otherliability-claims-made 1,958,393,245 1,213,698,451 1,147,491,320 2,024,600,376

18.1 Productsliability-occurrence 278,592,895 130,567,431 134,046,919 275,113,407

18.2 Productsliability-claims-made 25,506,602 10,654,519 12,998,422 23,162,699

19.1,19.2 Privatepassengerautoliability 253,553,456 129,329,170 125,434,344 257,448,282

19.3,19.4 Commercialautoliability 227,759,060 115,837,018 102,143,116 241,452,962

21. Autophysicaldamage 323,584,918 176,732,598 160,170,979 340,146,537

22. Aircraft(allperils) 21,956,309 8,830,755 4,566,092 26,220,972

23. Fidelity 317,822,253 157,261,288 162,618,514 312,465,027

24. Surety 300,399,076 195,762,999 221,292,668 274,869,407

26. Burglaryandtheft 34,495,888 18,956,394 19,287,894 34,164,388

27. Boilerandmachinery 107,991,974 57,518,333 58,176,914 107,333,393

28. Credit 26,396,915 4,803,751 4,581,763 26,618,903

29. International 0 0 0 0

30. Reinsurance-NonproportionalAssumedProperty 3,722,682 10,200,226 2,655,751 11,267,157

31. Reinsurance-NonproportionalAssumedLiability 20,038,241 16,297,749 5,267,456 31,068,534

32. Reinsurance-NonproportionalAssumedFinancialLines 3,764,485 2,850,105 2,308,033 4,306,557

33. Aggregatewrite-insforotherlinesofbusiness 0 0 0 0

34. TOTALS 9,975,965,597 5,190,252,728 5,175,654,155 9,990,564,170

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 15,438,925 3,268,887 0 0 18,707,812

2. Alliedlines 6,863,555 1,960,310 0 0 8,823,865

3. Farmownersmultipleperil 0 0 0 0 0

4. Homeownersmultipleperil 893,790,931 0 0 0 893,790,931

5. Commercialmultipleperil 846,288,242 10,127,732 0 0 856,415,974

6. Mortgageguaranty 0 0 0 0 0

8. Oceanmarine 72,198,742 444,632 0 0 72,643,374

9. Inlandmarine 221,553,363 25,072,432 0 0 246,625,795

10. Financialguaranty 1,409,748 0 0 0 1,409,748

11.1 Medicalmalpractice-occurrence 10,845,871 0 0 0 10,845,871

11.2 Medicalmalpractice-claims-made 605,948 6,446,462 0 0 7,052,410

12. Earthquake 20,407,410 0 0 0 20,407,410

13. Groupaccidentandhealth 24,536,635 9,212,789 0 0 33,749,424

14. Creditaccidentandhealth(groupandindividual) 0 0 0 0 0

15. Otheraccidentandhealth 4,554,590 0 0 0 4,554,590

16. Workers'compensation 340,216,486 1,091,397 (22,050,000) 1,000,000 320,257,883

17.1 Otherliability-occurrence 482,318,708 28,036,175 0 6,974,000 517,328,883

17.2 Otherliability-claims-made 864,936,238 282,555,082 0 0 1,147,491,320

18.1 Productsliability-occurrence 130,685,689 3,361,230 0 0 134,046,919

18.2 Productsliability-claims-made 12,832,663 165,759 0 0 12,998,422

19.1,19.2 Privatepassengerautoliability 125,434,344 0 0 0 125,434,344

19.3,19.4 Commercialautoliability 100,969,918 673,198 0 500,000 102,143,116

21. Autophysicaldamage 159,910,535 260,444 0 0 160,170,979

22. Aircraft(allperils) 4,566,092 0 0 0 4,566,092

23. Fidelity 141,207,447 21,411,067 0 0 162,618,514

24. Surety 46,386,415 174,906,253 0 0 221,292,668

26. Burglaryandtheft 14,724,968 4,562,926 0 0 19,287,894

27. Boilerandmachinery 58,150,895 26,019 0 0 58,176,914

28. Credit 4,581,763 0 0 0 4,581,763

29. International 0 0 0 0 0

30. Reinsurance-NonproportionalAssumedProperty 2,655,751 0 0 0 2,655,751

31. Reinsurance-NonproportionalAssumedLiability 5,267,456 0 0 0 5,267,456

32. Reinsurance-NonproportionalAssumedFinancialLines 2,308,033 0 0 0 2,308,033

33. Aggregatewrite-insforotherlinesofbusiness 0 0 0 0 0

34. TOTALS 4,615,647,361 573,582,794 (22,050,000) 8,474,000 5,175,654,155

35. Accruedretrospectivepremiumsbasedonexperience (8,474,000)

36. Earnedbutunbilledpremiums 22,050,000

37. Balance(SumofLine34throughLine36) 5,189,230,155

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 28,213,892 6,336,628 16,808,626 6,619 26,583,533 24,768,994

2. Alliedlines 7,684,197 1,101,239 6,240,366 0 7,554,981 7,470,821

3. Farmownersmultipleperil 0 0 0 0 0 0

4. Homeownersmultipleperil 1,745,024,544 3,477,152 2,361,454 0 124,133,544 1,626,729,606

5. Commercialmultipleperil 1,818,201,716 27,531,784 51,106,299 1,773,115 240,820,677 1,654,246,007

6. Mortgageguaranty 0 0 0 0 0 0

8. Oceanmarine 202,315,680 11,497,767 4,301,947 32,635 28,525,860 189,556,899

9. Inlandmarine 544,669,328 7,094,173 2,064,460 27,143,295 73,622,563 453,062,103

10. Financialguaranty 0 0 4,060,039 0 382,435 3,677,604

11.1 Medicalmalpractice-occurrence 0 0 30,194,890 0 7,506,521 22,688,369

11.2 Medicalmalpractice-claims-made 1,151,149 0 7,316 0 9,906,466 (8,748,001)

12. Earthquake 39,330,673 0 0 0 6,609 39,324,064

13. Groupaccidentandhealth 102,593,886 2,112,423 597,783 0 3,579,346 101,724,746

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

15. Otheraccidentandhealth 1,204,339 245,306 1,130,144 0 (245,983) 2,825,772

16. Workers'compensation 840,074,049 1,972,929 48,858,689 (84,498) 41,430,860 849,559,305

17.1 Otherliability-occurrence 1,011,932,063 35,932,211 179,800,633 4,425,756 118,137,842 1,105,101,309

17.2 Otherliability-claims-made 1,866,332,990 33,881,042 160,623,386 1,977,955 100,466,218 1,958,393,245

18.1 Productsliability-occurrence 282,932,608 1,621,050 1,042,990 1,346,403 5,657,350 278,592,895

18.2 Productsliability-claims-made 25,506,602 0 0 0 0 25,506,602

19.1,19.2 Privatepassengerautoliability 251,887,168 0 4,098,158 0 2,431,870 253,553,456

19.3,19.4 Commercialautoliability 210,037,337 1,261,756 27,134,289 (29,286) 10,703,608 227,759,060

21. Autophysicaldamage 325,497,186 2,511,142 5,684,391 3,452 10,104,349 323,584,918

22. Aircraft(allperils) 2,800,128 8,152,984 23,347,708 19,931 12,324,580 21,956,309

23. Fidelity 294,227,802 10,259,578 19,970,635 1,861,400 4,774,362 317,822,253

24. Surety 275,489,568 11,343,324 20,520,699 43,125 6,911,390 300,399,076

26. Burglaryandtheft 31,771,639 586,008 2,163,014 0 24,773 34,495,888

27. Boilerandmachinery 117,112,771 1,475,080 4,193,337 21,184 14,768,030 107,991,974

28. Credit 335,846 0 27,653,216 105,583 1,486,564 26,396,915

29. International 0 0 0 0 0 0

30. Reinsurance-NonproportionalAssumedProperty XXX 0 121,628,296 2,402,353 115,503,261 3,722,682

31. Reinsurance-NonproportionalAssumedLiability XXX 0 46,153,614 0 26,115,373 20,038,241

32. Reinsurance-NonproportionalAssumedFinancialLines XXX 0 10,086,771 0 6,322,286 3,764,485

33. Aggregatewrite-insforotherlinesofbusiness 0 0 0 0 0 0

34. TOTALS 10,026,327,161 168,393,576 821,833,150 41,049,022 999,539,268 9,975,965,597

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 6,653,294 10,135,755 6,254,873 10,534,176 23,071,065 20,954,280 12,650,961 47.42. Alliedlines 1,617,699 17,981,829 3,727,102 15,872,426 34,987,059 34,175,856 16,683,629 138.33. Farmownersmultipleperil 0 0 0 0 0 0 0 0.04. Homeownersmultipleperil 751,903,793 1,126,272 99,488,449 653,541,616 403,870,232 430,353,000 627,058,848 40.35. Commercialmultipleperil 932,883,075 38,844,355 358,309,414 613,418,016 996,664,062 1,052,927,711 557,154,367 34.56. Mortgageguaranty 0 0 0 0 0 0 0 0.08. Oceanmarine 92,627,254 5,451,148 17,905,406 80,172,996 111,631,281 100,744,593 91,059,684 50.59. Inlandmarine 183,565,054 3,163,200 34,635,757 152,092,497 120,057,545 230,056,019 42,094,023 9.6

10. Financialguaranty 0 0 0 0 0 0 0 0.011.1 Medicalmalpractice-occurrence 6,600 7,849,271 3,210 7,852,661 82,394,228 79,244,841 11,002,048 32.011.2 Medicalmalpractice-claims-made 34,305,895 128,117 16,628,562 17,805,450 112,024,712 135,737,802 (5,907,640) (3,153.6)12. Earthquake 48,143 2 0 48,145 27,490 47 75,588 0.213. Groupaccidentandhealth 38,763,849 20,254,863 13,764,845 45,253,867 62,648,624 66,178,707 41,723,784 42.314. Creditaccidentandhealth(groupandindividual) 0 0 0 0 0 0 0 0.015. Otheraccidentandhealth 2,699,254 621,905 1,396,533 1,924,626 3,905,468 4,159,251 1,670,843 27.116. Workers'compensation 257,619,526 55,110,262 59,618,123 253,111,665 1,430,498,632 1,319,134,114 364,476,183 42.217.1 Otherliability-occurrence 591,594,075 50,708,823 59,855,667 582,447,231 3,763,094,342 3,256,725,012 1,088,816,561 96.617.2 Otherliability-claims-made 737,607,709 63,625,537 197,372,899 603,860,347 3,838,741,986 3,597,741,999 844,860,334 41.718.1 Productsliability-occurrence 80,064,410 3,651,388 5,818,029 77,897,769 467,755,527 737,632,248 (191,978,952) (69.8)18.2 Productsliability-claims-made 9,775,808 0 1,600 9,774,208 14,920,125 26,378,301 (1,683,968) (7.3)19.1,19.2 Privatepassengerautoliability 154,407,554 5,794,864 1,576,079 158,626,339 279,897,370 288,123,966 150,399,743 58.419.3,19.4 Commercialautoliability 84,751,373 22,323,774 6,758,248 100,316,899 265,753,724 259,871,187 106,199,436 44.021. Autophysicaldamage 146,665,628 4,344,125 4,454,856 146,554,897 15,903,928 18,943,591 143,515,234 42.222. Aircraft(allperils) 85,075,673 40,910,893 106,646,205 19,340,361 55,991,617 69,604,133 5,727,845 21.823. Fidelity 109,419,144 8,361,083 12,964,388 104,815,839 232,915,274 233,388,173 104,342,940 33.424. Surety 17,426,467 7,195,215 2,608,364 22,013,318 63,139,156 50,392,198 34,760,276 12.626. Burglaryandtheft 1,088,100 395,770 0 1,483,870 12,122,202 (2,912,982) 16,519,054 48.027. Boilerandmachinery 14,233,445 2,153,377 3,385 16,383,437 35,702,843 20,240,501 31,845,779 29.728. Credit 1,178,944 6,159,550 809,216 6,529,278 20,613,891 16,449,981 10,693,188 40.229. International 0 0 0 0 0 0 0 0.030. Reinsurance-NonproportionalAssumedProperty XXX 95,901,710 25,946,038 69,955,672 68,795,597 126,453,046 12,298,223 109.231. Reinsurance-NonproportionalAssumedLiability XXX 58,029,733 0 58,029,733 235,931,893 267,365,228 26,596,398 85.632. Reinsurance-NonproportionalAssumedFinancialLines XXX 7,316,081 2,097,845 5,218,236 24,999,308 29,694,781 522,763 12.133. Aggregatewrite-insforotherlinesofbusiness 0 0 0 0 0 0 0 0.0

34. TOTALS 4,335,981,766 537,538,902 1,038,645,093 3,834,875,575 12,778,059,181 12,469,757,584 4,143,177,172 41.5

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 4,303,021 7,670,802 1,091,249 10,882,574 7,282,925 9,629,605 4,724,039 23,071,065 932,6532. Alliedlines 18,217,502 11,499,751 9,313,210 20,404,043 17,616,623 2,936,149 5,969,756 34,987,059 4,131,7993. Farmownersmultipleperil 0 0 0 0 0 0 0 0 04. Homeownersmultipleperil 242,301,438 777,936 26,032,526 217,046,848 204,758,013 1,233,894 19,168,523 403,870,232 122,530,8195. Commercialmultipleperil 520,011,796 23,207,907 68,096,927 475,122,776 531,937,863 20,027,579 30,424,156 996,664,062 520,787,8156. Mortgageguaranty 0 0 0 0 0 0 0 0 08. Oceanmarine 68,014,238 2,973,334 21,909,279 49,078,293 65,529,838 4,169,447 7,146,297 111,631,281 21,742,0769. Inlandmarine 72,720,140 688,955 11,609,711 61,799,384 54,119,467 7,285,857 3,147,163 120,057,545 17,099,942

10. Financialguaranty 0 0 0 0 0 0 0 0 011.1 Medicalmalpractice-occurrence 64,834 10,339,899 123,531 10,281,202 0 73,875,174 1,762,148 82,394,228 1,085,12211.2 Medicalmalpractice-claims-made 88,466,877 596,547 39,910,402 49,153,022 92,466,157 0 29,594,467 112,024,712 32,034,93112. Earthquake 27,442 0 0 27,442 48 0 0 27,490 111,33613. Groupaccidentandhealth 6,228,113 120,964,282 101,507,847 25,684,548 25,782,394 39,236,944 28,055,262 (a) 62,648,624 7,793,39314. Creditaccidentandhealth(groupandindividual) 0 0 0 0 0 0 0 0 015. Otheraccidentandhealth 995,747 2,037,917 475,281 2,558,383 833,010 514,635 560 (a) 3,905,468 590,67616. Workers'compensation 685,204,238 104,836,289 193,719,441 596,321,086 846,062,281 87,688,792 99,573,527 1,430,498,632 259,138,79217.1 Otherliability-occurrence 908,143,294 71,900,966 124,610,601 855,433,659 2,623,970,056 408,792,847 125,102,220 3,763,094,342 400,715,74017.2 Otherliability-claims-made 984,167,443 187,653,214 167,597,466 1,004,223,191 2,669,442,764 415,414,271 250,338,240 3,838,741,986 1,841,888,70618.1 Productsliability-occurrence 307,340,121 2,642,018 11,481,832 298,500,307 169,827,454 947,662 1,519,896 467,755,527 280,348,62518.2 Productsliability-claims-made 11,878,549 0 14,873 11,863,676 3,058,449 0 2,000 14,920,125 9,413,78919.1,19.2Privatepassengerautoliability 187,994,529 4,375,111 12,297,278 180,072,362 97,187,617 3,906,897 1,269,506 279,897,370 86,414,62719.3,19.4Commercialautoliability 107,191,331 31,117,103 6,461,072 131,847,362 91,728,637 47,025,620 4,847,895 265,753,724 58,924,61421. Autophysicaldamage 4,739,879 4,453,973 433,235 8,760,617 2,186,134 6,066,495 1,109,318 15,903,928 10,751,48722. Aircraft(allperils) 175,127,946 150,751,022 301,123,897 24,755,071 27,307,995 39,075,079 35,146,528 55,991,617 6,159,96723. Fidelity 70,840,026 6,814,300 222,306 77,432,020 148,881,748 17,117,698 10,516,192 232,915,274 28,615,59324. Surety 15,487,626 8,453,242 5,962,514 17,978,354 38,476,386 10,699,004 4,014,588 63,139,156 2,259,59026. Burglaryandtheft 51,734 15,035,810 5,300,001 9,787,543 2,210,649 142,038 18,028 12,122,202 646,51827. Boilerandmachinery 19,887,457 3,977,365 38,011 23,826,811 12,176,443 818,210 1,118,621 35,702,843 3,527,03528. Credit 0 9,348,276 166,718 9,181,558 4,990,997 10,100,805 3,659,469 20,613,891 217,65629. International 0 0 0 0 0 0 0 0 030. Reinsurance-NonproportionalAssumedProperty XXX 94,144,071 44,241,248 49,902,823 XXX 28,125,053 9,232,279 68,795,597 031. Reinsurance-NonproportionalAssumedLiability XXX 88,499,193 0 88,499,193 XXX 161,232,361 13,799,661 235,931,893 323,93632. Reinsurance-NonproportionalAssumedFinancialLines XXX 11,491,900 1,462,303 10,029,597 XXX 17,634,587 2,664,876 24,999,308 73,33433. Aggregatewrite-insforotherlinesofbusiness 0 0 0 0 0 0 0 0 0

34. TOTALS 4,499,405,321 976,251,183 1,155,202,759 4,320,453,745 7,737,833,948 1,413,696,703 693,925,215 12,778,059,181 3,718,260,571

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 1,016,636,539 0 0 1,016,636,5391.2 Reinsuranceassumed 39,353,199 0 0 39,353,1991.3 Reinsuranceceded 89,279,301 0 0 89,279,301

1.4 Netclaimadjustmentservices(Line1.1plusLine1.2minusLine1.3) 966,710,437 0 0 966,710,4372. Commissionandbrokerage:

2.1 Directexcludingcontingent 0 1,218,386,524 0 1,218,386,5242.2 Reinsuranceassumedexcludingcontingent 0 230,741,540 0 230,741,5402.3 Reinsurancecededexcludingcontingent 0 183,413,583 0 183,413,5832.4 Contingent-direct 0 107,129,518 0 107,129,5182.5 Contingent-reinsuranceassumed 0 0 0 02.6 Contingent-reinsuranceceded 0 2,484,763 0 2,484,7632.7 Policyandmembershipfees 0 0 0 0

2.8 Netcommissionandbrokerage(Line2.1plusLine2.2minusLine2.3plusLine2.4plusLine2.5minusLine2.6plusLine2.7) 0 1,370,359,236 0 1,370,359,236

3. Allowancestomanagerandagents 0 4,213,644 0 4,213,6444. Advertising 0 7,464,538 0 7,464,5385. Boards,bureausandassociations 1,106,219 26,600,790 0 27,707,0096. Surveysandunderwritingreports 0 8,042,400 0 8,042,4007. Auditofassureds'records 0 2,370,304 0 2,370,3048. Salaryandrelateditems:

8.1 Salaries 208,044,411 712,840,393 9,399,325 930,284,1298.2 Payrolltaxes 12,174,127 34,334,973 333,193 46,842,293

9. Employeerelationsandwelfare 39,783,912 122,610,205 810,787 163,204,90410. Insurance 2,740,808 10,855,573 0 13,596,38111. Directors'fees 9,845 39,071 16,948 65,86412. Travelandtravelitems 6,710,932 39,119,540 133,579 45,964,05113. Rentandrentitems 22,679,446 59,247,342 1,529,753 83,456,54114. Equipment 2,622,072 9,668,005 54,501 12,344,57815. CostordepreciationofEDPequipmentandsoftware 5,604,770 19,924,645 62,390 25,591,80516. Printingandstationery 1,336,020 7,489,211 112,209 8,937,44017. Postage,telephoneandtelegraph,exchangeandexpress 5,624,946 19,555,252 31,304 25,211,50218. Legalandauditing 2,528,554 5,081,576 21,475,118 29,085,248

19. Totals(Line3throughLine18) 310,966,062 1,089,457,462 33,959,107 1,434,382,63120. Taxes,licensesandfees:

20.1 Stateandlocalinsurancetaxesdeductingguarantyassociationcreditsof$4,375,229 24,022,281 178,801,676 0 202,823,957

20.2 Insurancedepartmentlicensesandfees 0 24,004,329 0 24,004,32920.3 Grossguarantyassociationassessments 0 11,934,331 0 11,934,33120.4 Allother(excludingfederalandforeignincomeandrealestate) 0 24,397,939 0 24,397,939

20.5 Totaltaxes,licensesandfees(Line20.1plusLine20.2plusLine20.3plusLine20.4) 24,022,281 239,138,275 0 263,160,55621. Realestateexpenses 1,553,921 4,821,949 0 6,375,87022. Realestatetaxes 596,084 2,104,954 0 2,701,03823. Reimbursementsbyuninsuredplans 0 0 0 024. Aggregatewrite-insformiscellaneousexpenses 55,343,886 114,913,552 344,849 170,602,287

25. Totalexpensesincurred 1,359,192,671 2,820,795,428 34,303,956 (a) 4,214,292,05526. Lessunpaidexpenses-currentyear 3,718,260,571 607,945,151 2,115,435 4,328,321,15727. Addunpaidexpenses-prioryear 3,465,161,830 533,929,804 1,557,294 4,000,648,92828. Amountsreceivablerelatingtouninsuredplans,prioryear 0 0 0 029. Amountsreceivablerelatingtouninsuredplans,currentyear 0 0 0 0

30. TOTALEXPENSESPAID(Line25minusLine26plusLine27minusLine28plusLine29) 1,106,093,930 2,746,780,081 33,745,815 3,886,619,826

DETAILSOFWRITE-INS2401.CHANGEINUNALLOCATEDEXPENSERESERVE 28,054,808 0 0 28,054,8082402.OUTSIDESERVICES 21,615,317 80,131,256 344,849 102,091,4222403.MISCELLANEOUSEXPENSE 5,673,761 34,782,296 0 40,456,0572498.Summaryofremainingwrite-insforLine24fromoverflowpage 0 0 0 02499.Totals(Line2401throughLine2403plusLine2498)(Line24above) 55,343,886 114,913,552 344,849 170,602,287

(a)Includesmanagementfeesof$5,703,216toaffiliatesand$1,151,420tonon-affiliates.

11


EXHIBIT OF NET INVESTMENT INCOME

1 2

Collected EarnedDuringYear DuringYear

1. U.S.Governmentbonds (a) 95,907,047 89,350,8721.1 BondsexemptfromU.S.tax (a) 611,599,664 629,416,7351.2 Otherbonds(unaffiliated) (a) 353,871,076 352,189,1751.3 Bondsofaffiliates (a) 0 02.1 Preferredstocks(unaffiliated) (b) 8,139,062 7,539,0622.11 Preferredstocksofaffiliates (b) 0 02.2 Commonstocks(unaffiliated) 28,282,429 28,762,4122.21 Commonstocksofaffiliates 0 03. Mortgageloans (c) 0 04. Realestate (d) 3,922,154 3,922,1545. Contractloans 0 06. Cash,cashequivalentsandshort-terminvestments (e) 32,682,101 32,680,1867. Derivativeinstruments (f) 0 08. Otherinvestedassets 22,639,721 22,553,9059. Aggregatewrite-insforinvestmentincome 5,093,422 5,093,422

10. Totalgrossinvestmentincome 1,162,136,676 1,171,507,923

11. Investmentexpenses (g) 34,303,95612. Investmenttaxes,licensesandfees,excludingfederalincometaxes (g) 013. Interestexpense (h) 014. Depreciationonrealestateandotherinvestedassets (i) 3,922,15415. Aggregatewrite-insfordeductionsfrominvestmentincome 8,123,03616. Totalsdeductions(Line11throughLine15) 46,349,14617. Netinvestmentincome(Line10minusLine16) 1,125,158,777

DETAILSOFWRITE-INS0901.MISCELLANEOUSINVESTMENTINCOME 5,093,422 5,093,4220902. 0 00903. 0 00998.Summaryofremainingwrite-insforLine9fromoverflowpage 0 00999.Totals(Line0901throughLine0903plusLine0998)(Line9above) 5,093,422 5,093,422

1501.EXPENSESINCONNECTIONWITHFUNDSHELDUNDERREINSURANCECONTRACTS 6,420,9751502.INTERESTPAIDONDEPOSITLIABILITIES 1,702,0611503. 01598.Summaryofremainingwrite-insforLine15fromoverflowpage 01599.Totals(Line1501throughLine1503plusLine1598)(Line15above) 8,123,036

(a)Includes$36,905,034accrualofdiscountless$232,389,351amortizationof (f)Includes$0accrualofdiscountless$0amortizationpremiumandless$24,557,930paidforaccruedinterestonpurchases. 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$3,922,154forcompany'soccupancyofitsownbuildings;andexcludes oncapitalnotes.$0interestonencumbrances. (i)Includes$3,922,154depreciationonrealestateand$0

(e)Includes$21,394,555accrualofdiscountless$50,841amortization depreciationonotherinvestedassets.ofpremiumandless$53,154paidforaccruedinterestonpurchases.

EXHIBIT OF CAPITAL GAINS (LOSSES)

1 2 3 4

UnrealizedRealizedGain Increases

(Loss)onSales OtherRealized (Decreases)byorMaturity Adjustments Adjustment Total

1. U.S.Governmentbonds (2,693,865) 0 0 (2,693,865)1.1 BondsexemptfromU.S.tax (7,803,760) 0 0 (7,803,760)1.2 Otherbonds(unaffiliated) (617,444) (2,754,551) 22,107,120 18,735,1251.3 Bondsofaffiliates 0 0 0 02.1 Preferredstocks(unaffiliated) 331,165 0 (392,953) (61,788)2.11 Preferredstocksofaffiliates 0 0 0 02.2 Commonstocks(unaffiliated) 53,894,861 (10,410,880) 143,719,463 187,203,4442.21 Commonstocksofaffiliates 0 0 480,209,953 480,209,9533. Mortgageloans 0 0 0 04. Realestate 985,511 0 0 985,5115. Contractloans 0 0 0 06. Cash,cashequivalentsandshort-terminvestments (14,252) 0 9,483,232 9,468,9807. Derivativeinstruments 0 0 0 08. Otherinvestedassets 77,895,456 (10,010,038) 169,885,037 237,770,4559. Aggregatewrite-insforcapitalgains(losses) 5,095,892 0 (27,367,711) (22,271,819)

10. Totalcapitalgains(losses) 127,073,564 (23,175,469) 797,644,141 901,542,236

DETAILSOFWRITE-INS0901.PROFIT/(LOSS)ONEXCHANGE 5,025,891 0 (27,367,711) (22,341,820)0902.SALEOFASSUMEDREINSURANCEBUSINESS 70,001 0 0 70,0010903. 0 0 0 00998.Summaryofremainingwrite-insforLine9fromoverflowpage 0 0 0 00999.Totals(Line0901throughLine0903plusLine0998)(Line9above) 5,095,892 0 (27,367,711) (22,271,819)

12


SCHEDULE D - SUMMARY BY COUNTRYLong-TermBondsandStocksOWNEDDecember31ofCurrentYear

1 2 3 4

Book/Adjusted ParValueofDescription CarryingValue FairValue ActualCost Bonds

BONDS 1. UnitedStates 1,921,443,988 1,900,276,865 1,932,916,892 1,930,065,071Governments 2. Canada 101,283,732 101,407,167 95,906,571 93,445,951(Includingallobligationsguaranteed 3. OtherCountries 106,408,589 106,738,768 98,647,590 96,343,601bygovernments)

4. Totals 2,129,136,309 2,108,422,800 2,127,471,053 2,119,854,623

5. UnitedStates 2,713,772,090 2,755,404,762 2,749,952,892 2,595,940,000States,TerritoriesandPossessions 6. Canada 23,227,353 22,826,971 23,399,061 22,129,083

(Directandguaranteed) 7. OtherCountries 0 0 0 0

8. Totals 2,736,999,443 2,778,231,733 2,773,351,953 2,618,069,083

9. UnitedStates 2,223,274,276 2,254,805,506 2,223,625,807 2,145,090,000PoliticalSubdivisionsofStates, 10.Canada 0 0 0 0

TerritoriesandPossessions 11.OtherCountries 0 0 0 0(Directandguaranteed)

12.Totals 2,223,274,276 2,254,805,506 2,223,625,807 2,145,090,000

Specialrevenueandspecialassessment 13.UnitedStates 12,339,198,726 12,444,292,276 12,476,635,625 11,867,200,837obligationsandallnon-guaranteed 14.Canada 0 0 0 0obligationsofagenciesandauthoritiesof 15.OtherCountries 0 0 0 0governmentsandtheirpoliticalsubdivisions

16.Totals 12,339,198,726 12,444,292,276 12,476,635,625 11,867,200,837

17.UnitedStates 400,582,120 405,756,835 404,951,403 395,421,16218.Canada 4,775,435 4,723,650 3,596,590 3,409,090

PublicUtilities(unaffiliated) 19.OtherCountries 36,926,745 36,724,150 36,915,410 37,000,000

20.Totals 442,284,300 447,204,635 445,463,403 435,830,252

21.UnitedStates 3,189,254,863 3,208,248,656 3,424,274,447 2,930,384,27522.Canada 25,038,320 25,262,221 24,989,006 25,317,000

IndustrialandMiscellaneousandCreditTenant 23.OtherCountries 491,233,798 491,126,686 492,101,187 481,697,743Loans(unaffiliated)

24.Totals 3,705,526,981 3,724,637,563 3,941,364,640 3,437,399,018

Parent,SubsidiariesandAffiliates 25.Totals 0 0 0 0

26.TotalBonds 23,576,420,035 23,757,594,513 23,987,912,481 22,623,443,813

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

PublicUtilities(unaffiliated) 29.OtherCountries 0 0 0

30.Totals 0 0 0

31.UnitedStates 22,156,800 22,156,800 20,172,20032.Canada 0 0 0

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

34.Totals 22,156,800 22,156,800 20,172,200


IndustrialandMiscellaneous(unaffiliated) 37.OtherCountries 0 0 0

38.Totals 19,119,677 19,243,834 18,682,027

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

40.TotalPreferredStocks 60,505,027 60,629,184 58,082,777

COMMONSTOCKS 41.UnitedStates 210,980,796 210,980,796 168,039,64742.Canada 0 0 0

PublicUtilities(unaffiliated) 43.OtherCountries 7,079,000 7,079,000 5,295,310

44.Totals 218,059,796 218,059,796 173,334,957


Banks,TrustandInsuranceCompanies 47.OtherCountries 11,520,823 11,520,823 11,178,675(unaffiliated)

48.Totals 128,069,464 128,069,464 97,736,528

49.UnitedStates 1,085,162,471 1,085,162,471 903,604,88650.Canada 0 0 0

IndustrialandMiscellaneous(unaffiliated) 51.OtherCountries 70,717,235 70,717,235 60,701,903

52.Totals 1,155,879,706 1,155,879,706 964,306,789

Parent,SubsidiariesandAffiliates 53.Totals 3,792,750,879 3,792,750,879 2,671,265,415

54.TotalCommonStocks 5,294,759,845 5,294,759,845 3,906,643,689

55.TotalStocks 5,355,264,872 5,355,389,029 3,964,726,466

56.TotalBondsandStocks 28,931,684,907 29,112,983,542 27,952,638,947

SCHEDULE D - VERIFICATION BETWEEN YEARSBondsandStocks

1.Book/adjustedcarryingvalueofbondsandstocks,prioryear 27,026,371,412 7.Amortizationofpremium 232,389,3512.Costofbondsandstocksacquired,Column7,Part3 5,073,071,856 8.ForeignExchangeAdjustment:3.Accrualofdiscount 36,905,034 8.1 Column15,Part1 7,423,9244.Increase(decreased)byadjustment: 8.2 Column19,Part2,Section1 0

4.1 Column12minusColumn14,Part1 7,973,564 8.3 Column16,Part2,Section2 04.2 Column15minusColumn17,Part2,Section1 (402,493) 8.4 Column15,Part4 (462,880) 6,961,0444.3 Column15,Part2,Section2 635,724,919 9.Book/adjustedcarryingvalueatendofcurrentperiod 28,931,684,9074.4 Column11minusColumn13,Part4 (17,778,882) 625,517,108 10.Totalvaluationallowance 0

5.Totalgain(loss),Column19,Part4 43,110,957 11.Subtotal(Line9plusLine10) 28,931,684,9076.DeductconsiderationforbondsandstocksdisposedofColumn7,Part4 3,647,863,153 12.Totalnonadmittedamounts 81,767,638

13.Statementvalueofbondsandstocks,currentperiod 28,849,917,269

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 168,865,485 1,180,535,383 639,355,612 0 34,387,508 2,023,143,988 8.5 2,623,372,954 11.5 2,023,143,988 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 168,865,485 1,180,535,383 639,355,612 0 34,387,508 2,023,143,988 8.5 2,623,372,954 11.5 2,023,143,988 0

2.AllOtherGovernments,SchedulesDandDA(Group2)2.1 Class1 13,286,620 153,372,853 38,100,366 1,815,831 1,116,651 207,692,321 0.9 207,906,753 0.9 207,692,321 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 13,286,620 153,372,853 38,100,366 1,815,831 1,116,651 207,692,321 0.9 207,906,753 0.9 207,692,321 0

3.States,TerritoriesandPossessionsetc.,Guaranteed,SchedulesDandDA(Group3)3.1 Class1 221,396,371 969,413,549 1,416,834,270 102,310,861 20,000,000 2,729,955,051 11.5 2,363,473,998 10.4 2,729,955,051 03.2 Class2 0 0 7,044,392 0 0 7,044,392 0.0 7,091,417 0.0 7,044,392 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 221,396,371 969,413,549 1,423,878,662 102,310,861 20,000,000 2,736,999,443 11.6 2,370,565,415 10.4 2,736,999,443 0

4.PoliticalSubdivisionsofStates,TerritoriesandPossessions,Guaranteed,SchedulesDandDA(Group4)4.1 Class1 68,566,400 550,604,713 1,463,044,505 112,466,723 28,591,935 2,223,274,276 9.4 2,097,051,755 9.2 2,223,274,276 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 68,566,400 550,604,713 1,463,044,505 112,466,723 28,591,935 2,223,274,276 9.4 2,097,051,755 9.2 2,223,274,276 0

5.SpecialRevenueandSpecialAssessmentObligationsetc.,Non-Guaranteed,SchedulesDandDA(Group5)5.1 Class1 683,575,042 3,214,070,747 6,714,073,326 1,233,274,269 356,780,707 12,201,774,091 51.5 11,335,175,398 49.8 12,201,774,091 05.2 Class2 22,699,533 28,792,020 60,089,298 20,176,566 1,897,168 133,654,585 0.6 118,586,118 0.5 133,654,585 05.3 Class3 0 0 2,783,976 986,074 0 3,770,050 0.0 21,491,927 0.1 3,770,050 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 706,274,575 3,242,862,767 6,776,946,600 1,254,436,909 358,677,875 12,339,198,726 52.1 11,475,253,443 50.4 12,339,198,726 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 0 77,912,571 4,694,370 25,000,000 0 107,606,941 0.5 194,488,292 0.8 107,606,941 06.2 Class2 58,037,738 86,212,864 126,044,970 35,967,802 0 306,263,374 1.3 144,229,525 0.6 306,263,374 06.3 Class3 0 176,730 2,828,932 1,160,967 0 4,166,629 0.0 416,000 0.0 2,828,932 1,337,6976.4 Class4 21,066,588 950,000 2,230,768 0 0 24,247,356 0.1 13,272,897 0.1 22,016,588 2,230,7686.5 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 79,104,326 165,252,165 135,799,040 62,128,769 0 442,284,300 1.9 352,406,714 1.5 438,715,835 3,568,465

7.IndustrialandMiscellaneous(Unaffiliated),SchedulesDandDA(Group7)7.1 Class1 236,382,350 1,468,363,805 927,420,054 102,684,831 17,792,307 2,752,643,347 11.6 2,513,265,545 11.0 2,371,618,646 381,024,7017.2 Class2 41,045,290 332,322,197 188,597,237 38,691,134 42,526,532 643,182,390 2.7 755,039,918 3.3 567,330,532 75,851,8587.3 Class3 3,964,756 58,386,936 35,657,313 2,077,317 5,917,380 106,003,702 0.4 196,382,987 0.9 61,573,313 44,430,3897.4 Class4 9,987,570 69,048,523 88,113,020 6,788,360 4,737,359 178,674,832 0.8 136,498,297 0.6 132,658,372 46,016,4607.5 Class5 775,887 9,173,034 15,703,093 0 0 25,652,014 0.1 24,441,474 0.1 14,527,404 11,124,6107.6 Class6 0 0 343,175 0 2,800,023 3,143,198 0.0 3,155,446 0.0 1,051,096 2,092,102

7.7 Totals 292,155,853 1,937,294,495 1,255,833,892 150,241,642 73,773,601 3,709,299,483 15.7 3,628,783,667 15.9 3,148,759,363 560,540,120

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 1,392,072,268 7,614,273,621 11,203,522,503 1,577,552,515 458,669,108 22,246,090,015 93.9 XXX XXX 21,865,065,314 381,024,70110.2 Class2 121,782,561 447,327,081 381,775,897 94,835,502 44,423,700 1,090,144,741 4.6 XXX XXX 1,014,292,883 75,851,85810.3 Class3 3,964,756 58,563,666 41,270,221 4,224,358 5,917,380 113,940,381 0.5 XXX XXX 68,172,295 45,768,08610.4 Class4 31,054,158 69,998,523 90,343,788 6,788,360 4,737,359 202,922,188 0.9 XXX XXX 154,674,960 48,247,22810.5 Class5 775,887 9,173,034 15,703,093 0 0 (c) 25,652,014 0.1 XXX XXX 14,527,404 11,124,61010.6 Class6 0 0 343,175 0 2,800,023 (c) 3,143,198 0.0 XXX XXX 1,051,096 2,092,102

10.7 Totals 1,549,649,630 8,199,335,925 11,732,958,677 1,683,400,735 516,547,570 (b) 23,681,892,537 100.0 XXX XXX 23,117,783,952 564,108,58510.8 Line10.7asa%ofColumn6 6.5 34.6 49.5 7.1 2.2 100.0 XXX XXX XXX 97.6 2.4

11.TotalBondsPriorYear11.1 Class1 1,049,369,322 7,191,550,911 10,481,775,086 1,981,011,514 631,027,862 XXX XXX 21,334,734,695 93.8 20,872,740,688 461,994,00711.2 Class2 57,121,471 435,234,283 384,130,312 50,817,463 97,643,449 XXX XXX 1,024,946,978 4.5 940,785,253 84,161,72511.3 Class3 50,046,788 107,377,152 48,796,827 3,605,606 8,464,541 XXX XXX 218,290,914 1.0 177,118,415 41,172,49911.4 Class4 6,179,617 59,722,530 65,778,394 4,143,520 13,947,133 XXX XXX 149,771,194 0.7 111,751,104 38,020,09011.5 Class5 0 8,161,186 15,135,338 1,099,200 45,750 XXX XXX (c) 24,441,474 0.1 14,394,643 10,046,83111.6 Class6 366,011 2,324,449 205,710 156,675 102,601 XXX XXX (c) 3,155,446 0.0 1,088,575 2,066,871

11.7 Totals 1,163,083,209 7,804,370,511 10,995,821,667 2,040,833,978 751,231,336 XXX XXX (b) 22,755,340,701 100.1 22,117,878,678 637,462,02311.8 Line11.7asa%ofColumn8 5.1 34.3 48.3 9.0 3.3 XXX XXX 100.0 XXX 97.2 2.8

12.TotalPubliclyTradedBonds12.1 Class1 1,373,203,858 7,271,717,963 11,183,921,869 1,577,552,515 458,669,108 21,865,065,313 92.3 20,872,740,688 91.7 21,865,065,314 XXX12.2 Class2 104,851,236 395,381,301 381,775,897 87,860,750 44,423,700 1,014,292,884 4.3 940,785,253 4.1 1,014,292,883 XXX12.3 Class3 3,964,756 26,782,591 29,408,551 2,099,017 5,917,380 68,172,295 0.3 177,118,415 0.8 68,172,295 XXX12.4 Class4 29,333,972 56,506,265 59,480,144 4,617,220 4,737,359 154,674,960 0.7 111,751,104 0.5 154,674,960 XXX12.5 Class5 280,700 5,220,479 9,026,225 0 0 14,527,404 0.1 14,394,643 0.1 14,527,404 XXX12.6 Class6 0 0 343,175 0 707,921 1,051,096 0.0 1,088,575 0.0 1,051,096 XXX

12.7 Totals 1,511,634,522 7,755,608,599 11,663,955,861 1,672,129,502 514,455,468 23,117,783,952 97.6 22,117,878,678 97.2 23,117,783,952 XXX12.8 Line12.7asa%ofColumn6 6.5 33.5 50.5 7.2 2.2 100.0 XXX XXX XXX 100.0 XXX12.9 Line12.7asa%ofLine10.7,Column6,Section10 6.4 32.7 49.3 7.1 2.2 97.6 XXX XXX XXX 97.6 XXX

13.TotalPrivatelyPlacedBonds13.1 Class1 18,868,410 342,555,657 19,600,634 0 0 381,024,701 1.6 461,994,007 2.0 XXX 381,024,70113.2 Class2 16,931,325 51,945,781 0 6,974,752 0 75,851,858 0.3 84,161,725 0.4 XXX 75,851,85813.3 Class3 0 31,781,075 11,861,670 2,125,341 0 45,768,086 0.2 41,172,499 0.2 XXX 45,768,08613.4 Class4 1,720,186 13,492,258 30,863,644 2,171,140 0 48,247,228 0.2 38,020,090 0.2 XXX 48,247,22813.5 Class5 495,187 3,952,555 6,676,868 0 0 11,124,610 0.0 10,046,831 0.0 XXX 11,124,61013.6 Class6 0 0 0 0 2,092,102 2,092,102 0.0 2,066,871 0.0 XXX 2,092,102

13.7 Totals 38,015,108 443,727,326 69,002,816 11,271,233 2,092,102 564,108,585 2.4 637,462,023 2.8 XXX 564,108,58513.8 Line13.7asa%ofColumn6 6.7 78.7 12.2 2.0 0.4 100.0 XXX XXX XXX XXX 100.013.9 Line13.7asa%ofLine10.7,Column6,Section10 0.2 1.9 0.3 0.0 0.0 2.4 XXX XXX XXX XXX 2.4

(a)Includes$564,108,585freelytradableunderSECRule144orqualifiedforresaleunderSECRule144A.(b)Includes$915,000currentyear,$0prioryearofbondswithZdesignationsand$0currentyear,$0prioryearofbondswithZ*designations.Theletter"Z"meanstheNAICdesignationwasnotassignedbytheSecurities

ValuationOffice(SVO)atthedateofthestatement."Z*"meanstheSVOcouldnotevaluatetheobligationbecausevaluationproceduresforthesecurityclassisunderregulatoryreview.(c)Includes$0currentyear,$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 168,865,485 1,180,535,383 639,355,612 0 14,620,321 2,003,376,801 8.5 2,596,506,101 11.4 2,003,376,801 01.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 19,767,187 19,767,187 0.1 26,866,853 0.1 19,767,187 0

1.7 Totals 168,865,485 1,180,535,383 639,355,612 0 34,387,508 2,023,143,988 8.5 2,623,372,954 11.5 2,023,143,988 0

2.AllOtherGovernments,SchedulesDandDA(Group2)2.1 IssuerObligations 13,286,620 153,372,853 38,100,366 1,815,831 1,116,651 207,692,321 0.9 207,906,753 0.9 207,692,321 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 13,286,620 153,372,853 38,100,366 1,815,831 1,116,651 207,692,321 0.9 207,906,753 0.9 207,692,321 0

3.States,TerritoriesandPossessions,Guaranteed,SchedulesDandDA(Group3)3.1 IssuerObligations 221,396,371 969,413,549 1,423,878,662 102,310,861 20,000,000 2,736,999,443 11.6 2,370,565,415 10.4 2,736,999,443 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 221,396,371 969,413,549 1,423,878,662 102,310,861 20,000,000 2,736,999,443 11.6 2,370,565,415 10.4 2,736,999,443 0

4.PoliticalSubdivisionsofStates,TerritoriesandPossessions,Guaranteed,SchedulesDandDA(Group4)4.1 IssuerObligations 68,566,400 550,604,713 1,463,044,505 112,466,723 28,591,935 2,223,274,276 9.4 2,097,051,755 9.2 2,223,274,276 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 68,566,400 550,604,713 1,463,044,505 112,466,723 28,591,935 2,223,274,276 9.4 2,097,051,755 9.2 2,223,274,276 0

5.SpecialRevenueandSpecialAssessmentObligationsetc.,Non-Guaranteed,SchedulesDandDA(Group5)5.1 IssuerObligations 706,274,575 2,555,619,311 6,355,838,530 607,032,386 147,861,940 10,372,626,742 43.8 9,382,312,068 41.2 10,372,626,742 05.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 619,935,359 210,815,935 830,751,294 3.5 978,724,597 4.3 830,751,294 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:5.3 Defined 0 687,243,456 421,108,070 27,469,164 0 1,135,820,690 4.8 1,114,216,778 4.9 1,135,820,690 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 706,274,575 3,242,862,767 6,776,946,600 1,254,436,909 358,677,875 12,339,198,726 52.1 11,475,253,443 50.4 12,339,198,726 0

26


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



6.PublicUtilities(Unaffiliated),SchedulesDandDA(Group6)6.1 IssuerObligations 79,104,326 165,252,165 135,799,040 62,128,769 0 442,284,300 1.9 352,406,714 1.5 438,715,835 3,568,4656.2 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 79,104,326 165,252,165 135,799,040 62,128,769 0 442,284,300 1.9 352,406,714 1.5 438,715,835 3,568,465

7.IndustrialandMiscellaneous(Unaffiliated),SchedulesDandDA(Group7)7.1 IssuerObligations 217,659,243 1,317,415,094 502,027,452 65,252,162 64,815,822 2,167,169,773 9.2 2,341,229,020 10.2 1,914,647,660 252,522,1137.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 0 0 0.0 0 0.0 0 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:7.3 Defined 32,781,694 68,608,027 32,089,312 73,847,678 8,921,268 216,247,979 0.9 395,967,576 1.7 208,334,279 7,913,7007.4 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 24,783,591 536,497,392 721,717,128 11,141,802 0 1,294,139,913 5.5 832,392,154 3.7 1,011,003,442 283,136,4717.6 Other 16,931,325 14,773,982 0 0 0 31,705,307 0.1 59,158,406 0.3 14,773,982 16,931,325

7.7 Totals 292,155,853 1,937,294,495 1,255,833,892 150,241,642 73,773,601 3,709,299,483 15.7 3,628,783,667 15.9 3,148,759,363 560,540,120

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 1,475,153,020 6,892,213,068 10,558,044,167 951,006,732 277,006,669 20,153,423,656 85.1 XXX XXX 19,897,333,078 256,090,57810.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 619,935,359 230,583,122 850,518,481 3.6 XXX XXX 850,518,481 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:10.3 Defined 32,781,694 755,851,483 453,197,382 101,316,842 8,921,268 1,352,068,669 5.7 XXX XXX 1,344,154,969 7,913,70010.4 Other 0 0 0 0 36,511 36,511 0.0 XXX XXX 0 36,511MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:10.5 Defined 24,783,591 536,497,392 721,717,128 11,141,802 0 1,294,139,913 5.5 XXX XXX 1,011,003,442 283,136,47110.6 Other 16,931,325 14,773,982 0 0 0 31,705,307 0.1 XXX XXX 14,773,982 16,931,325

10.7 Totals 1,549,649,630 8,199,335,925 11,732,958,677 1,683,400,735 516,547,570 23,681,892,537 100.0 XXX XXX 23,117,783,952 564,108,58510.8 Line10.7asa%ofColumn6 6.5 34.6 49.5 7.1 2.2 100.0 XXX XXX XXX 97.6 2.4

11.TotalBondsPriorYear11.1 IssuerObligations 1,132,144,917 6,681,852,006 9,791,848,030 1,276,281,104 465,851,769 XXX XXX 19,347,977,826 85.0 19,063,243,491 284,734,33511.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 730,876,893 274,714,557 XXX XXX 1,005,591,450 4.4 1,005,591,450 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:11.3 Defined 8,186,397 532,810,061 939,593,935 18,928,951 10,665,010 XXX XXX 1,510,184,354 6.6 1,437,242,731 72,941,62311.4 Other 0 36,511 0 0 0 XXX XXX 36,511 0.0 0 36,511MULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:11.5 Defined 22,751,895 530,513,527 264,379,702 14,747,030 0 XXX XXX 832,392,154 3.7 569,676,409 262,715,74511.6 Other 0 59,158,406 0 0 0 XXX XXX 59,158,406 0.3 42,124,597 17,033,809

11.7 Totals 1,163,083,209 7,804,370,511 10,995,821,667 2,040,833,978 751,231,336 XXX XXX 22,755,340,701 100.0 22,117,878,678 637,462,02311.8 Line11.7asa%ofColumn8 5.1 34.3 48.3 9.0 3.3 XXX XXX 100.0 XXX 97.2 2.8

12.TotalPubliclyTradedBonds12.1 IssuerObligations 1,457,316,749 6,735,497,480 10,489,832,272 939,735,499 274,951,078 19,897,333,078 84.0 19,063,243,491 83.8 19,897,333,078 XXX12.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 619,935,359 230,583,122 850,518,481 3.6 1,005,591,450 4.4 850,518,481 XXXMULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:12.3 Defined 32,781,694 747,937,783 453,197,382 101,316,842 8,921,268 1,344,154,969 5.7 1,437,242,731 6.3 1,344,154,969 XXX12.4 Other 0 0 0 0 0 0 0.0 0 0.0 0 XXXMULTI-CLASSCOMMERCIALMORTGAGE-BACKED/ASSET-BACKEDSECURITIES:12.5 Defined 21,536,079 257,399,354 720,926,207 11,141,802 0 1,011,003,442 4.3 569,676,409 2.5 1,011,003,442 XXX12.6 Other 0 14,773,982 0 0 0 14,773,982 0.1 42,124,597 0.2 14,773,982 XXX

12.7 Totals 1,511,634,522 7,755,608,599 11,663,955,861 1,672,129,502 514,455,468 23,117,783,952 97.6 22,117,878,678 97.2 23,117,783,952 XXX12.8 Line12.7asa%ofColumn6 6.5 33.5 50.5 7.2 2.2 100.0 XXX XXX XXX 100.0 XXX12.9 Line12.7asa%ofLine10.7,Column6,Section10 6.4 32.7 49.3 7.1 2.2 97.6 XXX XXX XXX 97.6 XXX

13.TotalPrivatelyPlacedBonds13.1 IssuerObligations 17,836,271 156,715,588 68,211,895 11,271,233 2,055,591 256,090,578 1.1 284,734,335 1.2 XXX 256,090,57813.2 SingleClassMortgage-Backed/Asset-BackedSecurities 0 0 0 0 0 0 0.0 0 0.0 XXX 0MULTI-CLASSRESIDENTIALMORTGAGE-BACKEDSECURITIES:13.3 Defined 0 7,913,700 0 0 0 7,913,700 0.0 72,941,623 0.3 XXX 7,913,70013.4 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 3,247,512 279,098,038 790,921 0 0 283,136,471 1.2 262,715,745 1.2 XXX 283,136,47113.6 Other 16,931,325 0 0 0 0 16,931,325 0.1 17,033,809 0.1 XXX 16,931,325

13.7 Totals 38,015,108 443,727,326 69,002,816 11,271,233 2,092,102 564,108,585 2.4 637,462,023 2.8 XXX 564,108,58513.8 Line13.7asa%ofColumn6 6.7 78.7 12.2 2.0 0.4 100.0 XXX XXX XXX XXX 100.013.9 Line13.7asa%ofLine10.7,Column6,Section10 0.2 1.9 0.3 0.0 0.0 2.4 XXX XXX XXX XXX 2.4

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 2,748,677 0 1,517,688 1,517,688 30,239 385,099 1,436,884 0 0 0 0TOTAL-VIGILANTINSURANCECOMPANY 48,553 0 28,492 28,492 570 7,123 24,849 0 0 0 0TOTAL-GREATNORTHERNINSURANCECOMPANY 363,556 0 222,544 222,544 4,238 53,570 185,916 0 0 0 0TOTAL-PACIFICINDEMNITYCOMPANY 1,662,470 0 934,805 934,805 19,275 245,150 851,704 0 0 0 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 50,206 0 28,753 28,753 612 7,294 25,171 0 0 0 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 51,755 0 29,615 29,615 609 7,554 26,406 0 0 0 0TOTAL-CHUBBINDEMNITYINSURANCECOMPANY 50,885 0 29,323 29,323 597 7,423 25,974 0 0 0 0TOTAL-EXECUTIVERISKINDEMNITYINC. 802,445 0 439,038 439,038 9,629 117,214 409,368 0 0 0 0TOTAL-EXECUTIVERISKSPECIALTYINSURANCECOMPANY 51,742 0 28,982 28,982 613 7,558 26,379 0 0 0 0TOTAL-QUADRANTINDEMNITYCOMPANY 12,374 0 0 0 0 0 0 0 0 0 0TOTAL-EliminationsCompany (5,842,663) 0 (3,259,240) (3,259,240) (66,382) (837,985) (3,012,651) 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 97,899 0 65,406 65,406 910 21,070 46,563 0 0 0 0TOTAL-GREATNORTHERNINSURANCECOMPANY 171,929 0 19,452 19,452 1,799 26,491 88,351 0 0 0 0TOTAL-PACIFICINDEMNITYCOMPANY 45,580 0 29,414 29,414 655 6,482 21,894 0 0 0 0TOTAL-EliminationsCompany (315,408) 0 (114,272) (114,272) (3,364) (54,043) (156,808) 0 0 0 0

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

Affiliates-Other(Non-U.S.)TOTAL-FEDERALINSURANCECOMPANY 155,960 11,660 145,404 157,064 0 0 28,075 8,665 0 0 0TOTAL-GREATNORTHERNINSURANCECOMPANY 0 0 289 289 0 0 0 0 0 0 0TOTAL-PACIFICINDEMNITYCOMPANY 12,489 41,709 20,338 62,047 0 0 1,565 0 0 0 0TOTAL-EliminationsCompany (55) 0 0 0 0 0 0 0 0 0 0

0399999-Subtotal-Affiliates-Other(Non-U.S.) 168,394 53,369 166,031 219,400 0 0 29,640 8,665 0 0 0

0499999-Subtotal-Affiliates 168,394 53,369 166,031 219,400 0 0 29,640 8,665 0 0 0

OtherU.S.UnaffiliatedInsurersTOTAL-FEDERALINSURANCECOMPANY 533,112 116 373,493 373,609 0 0 188,760 32,022 0 0 0TOTAL-GREATNORTHERNINSURANCECOMPANY 174 0 282 282 0 0 105 0 0 0 0TOTAL-PACIFICINDEMNITYCOMPANY 998 0 1,022 1,022 0 0 487 0 0 0 0TOTAL-EXECUTIVERISKINDEMNITYINC. 11,839 0 794 794 0 0 3,263 0 0 0 0TOTAL-EliminationsCompany 1 0 0 0 0 0 13 0 0 0 0

0599998-OtherU.S.UnaffiliatedInsurers-ReinsuranceforwhichthetotalofColumn8islessthan$100,000 65,487 49 1,428 1,477 0 0 10,992 19 0 0 00599999-Subtotal-OtherU.S.UnaffiliatedInsurers 546,236 116 375,680 375,796 0 0 192,678 32,022 0 0 0

Pools,AssociationsorOtherSimilarFacilities-MandatoryPoolsTOTAL-FEDERALINSURANCECOMPANY 53,388 0 69,776 69,776 0 0 19,506 0 0 0 0TOTAL-NORTHWESTERNPACIFICINDEMNITYCOMPANY 697 0 581 581 0 0 330 0 0 0 0TOTAL-CHUBBINSURANCECOMPANYOFNEWJERSEY 961 0 752 752 0 0 472 0 0 0 0

0699998-PoolsandAssociations-ReinsuranceforwhichthetotalofColumn8islessthan$100,000-MandatoryPools 1,858 0 933 933 0 0 1,109 0 0 0 00699999-Subtotal-Pools,AssociationsorOtherSimilarFacilities-MandatoryPools 55,123 0 71,114 71,114 0 0 20,316 0 0 0 0

Pools,AssociationsorOtherSimilarFacilities-VoluntaryPoolsTOTAL-FEDERALINSURANCECOMPANY 5,054 0 270,284 270,284 0 0 (291) 0 0 0 0TOTAL-PACIFICINDEMNITYCOMPANY 0 0 550 550 0 0 0 0 0 0 0

0799998-PoolsandAssociations-ReinsuranceforwhichthetotalofColumn8islessthan$100,000-VoluntaryPools 1,861 0 245 245 0 0 202 0 0 0 00799999-Subtotal-Pools,AssociationsorOtherSimilarFacilities-VoluntaryPools 5,054 0 270,834 270,834 0 0 (291) 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

0899999-Subtotal-PoolsandAssociations 60,177 0 341,948 341,948 0 0 20,025 0 0 0 0

OtherNon-U.S.InsurersTOTAL-FEDERALINSURANCECOMPANY 210,121 5,136 124,342 129,478 0 0 78,261 620 0 0 0TOTAL-VIGILANTINSURANCECOMPANY 83 0 739 739 0 0 6 0 0 0 0TOTAL-GREATNORTHERNINSURANCECOMPANY 3,017 0 314 314 0 0 1,401 0 0 0 0TOTAL-EXECUTIVERISKINDEMNITYINC. 2,199 233 18,777 19,010 0 0 177 0 0 0 0

0999998-OtherNon-U.S.Insurers-ReinsuranceforwhichthetotalofColumn8islessthan$100,000 124,687 4,495 564 5,059 0 0 49,035 600 0 0 00999999-Subtotal-OtherNon-U.S.Insurers 215,420 5,369 144,172 149,541 0 0 79,845 620 0 0 0

9999999-TOTAL-ScheduleF,Part1 990,227 58,854 1,027,831 1,086,685 0 0 322,188 41,307 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 2,083,051 0 0 1,001,074 241,040 2,041,467 466,725 1,041,159 25,309 4,816,774 311,528 0 4,505,246 0TOTAL-VIGILANTINSURANCECOMPANY 718,442 0 0 203,865 44,671 322,793 90,240 349,923 8,854 1,020,346 96,550 0 923,796 0TOTAL-GREATNORTHERNINSURANCECOMPANY 1,380,486 0 0 375,444 72,615 328,231 102,162 691,274 17,238 1,586,964 189,447 0 1,397,517 0TOTAL-PACIFICINDEMNITYCOMPANY 541,456 0 0 372,261 75,878 211,157 47,449 262,682 7,747 977,174 73,359 0 903,815 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 377,891 0 0 154,943 41,118 256,604 74,832 281,959 488 809,944 61,515 0 748,429 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 68,100 0 0 20,701 2,119 9,426 1,640 36,243 933 71,062 9,762 0 61,300 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 241,179 0 0 70,887 10,149 59,549 9,041 122,244 3,364 275,234 35,919 0 239,315 0TOTAL-EXECUTIVERISKINDEMNITYINC. 358,009 0 0 272,899 147,785 635,482 230,609 184,493 2,149 1,473,417 51,019 0 1,422,398 0TOTAL-EXECUTIVERISKSPECIALTYINSURAN 70,698 0 0 104,071 44,709 255,579 65,276 41,495 286 511,416 8,984 0 502,432 0TOTAL-QUADRANTINDEMNITYCOMPANY 3,402 0 0 1,441 294 1,609 333 1,156 16 4,849 187 0 4,662 0TOTAL-EliminationsCompany (5,842,714) 0 0 (2,577,586) (680,378) (4,121,897) (1,088,307) (3,012,628) (66,384) (11,547,180) (838,270) 0 (10,708,910) 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 39,211 0 0 21,769 3,550 21,382 3,934 19,161 581 70,377 5,025 0 65,352 0TOTAL-TEXASPACIFICINDEMNITYCOMPANY 6,369 0 0 3,560 535 8,048 1,677 2,733 74 16,627 1,457 0 15,170 0TOTAL-CHUBBINSURANCECOMPANYOFNEWJ 97,899 0 0 57,021 8,385 80,783 10,508 46,563 910 204,170 21,070 0 183,100 0TOTAL-CHUBBLLOYDSINSURANCECOMPANYO 171,929 0 0 15,769 3,682 30,331 4,234 88,351 1,799 144,166 26,491 0 117,675 0TOTAL-EliminationsCompany (315,408) 0 0 (98,119) (16,152) (140,544) (20,353) (156,808) (3,364) (435,340) (54,043) 0 (381,297) 0

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

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

1 2 3NameofReinsurer CommissionRate CededPremium

1) SPACINSURANCELTD. 46.490 343,7702) DELAGELANDENRELTD 39.552 4,553,8833) CHUBBINSURANCECOOCCANADA 38.804 5,577,8444) EVERESTREINSURANCECOMPANY 35.428 74,2645) TBBINSURANCECOMPANY 34.389 679,888

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

1 2 3 4NameofReinsurer TotalRecoverables CededPremium Affiliated

1) ASSOCIATEDAVIATIONUNDERWRITERS 322,398,251 8,908,552 Yes()No()2) TRANSATLANTICREINCO 209,440,065 38,973,447 Yes()No()3) SWISSREINAMERCORP 204,652,450 40,574,422 Yes()No()4) HARBORPOINTRELTD 145,635,059 271,047,525 Yes()No()5) GENERALREINSURANCECORPORATION 90,800,370 35,859,851 Yes()No()

36







Authorized-OtherU.S.UnaffiliatedInsurersTOTAL-FEDERALINSURANCECOMPANY 200,314 183,370 62,067 303,269 25,472 261,596 60,972 80,972 0 977,718 66,900 0 910,818 37,381TOTAL-VIGILANTINSURANCECOMPANY 1,412 1,216 447 2,098 177 1,856 454 577 0 6,825 523 0 6,302 274TOTAL-GREATNORTHERNINSURANCECOMPANY 8,847 9,430 3,578 16,400 1,281 14,015 3,357 3,636 0 51,697 3,509 0 48,188 2,129TOTAL-PACIFICINDEMNITYCOMPANY 42,420 41,147 15,265 72,640 5,764 61,811 14,811 16,998 0 228,436 15,263 0 213,173 9,247TOTAL-CHUBBCUSTOMINSURANCECOMPANY 1,257 1,212 450 2,139 175 1,825 449 500 0 6,750 478 0 6,272 273TOTAL-CHUBBNATIONALINSURANCECOMPANY 1,363 1,214 450 2,154 178 1,853 453 544 0 6,846 464 0 6,382 274TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 1,359 1,215 447 2,100 178 1,853 454 545 0 6,792 464 0 6,328 274TOTAL-EXECUTIVERISKINDEMNITYINC. 19,977 19,367 7,272 34,180 2,713 29,139 6,979 8,003 0 107,653 7,150 0 100,503 4,354TOTAL-EXECUTIVERISKSPECIALTYINSURAN 1,175 1,145 448 1,769 167 1,794 436 466 0 6,225 429 0 5,796 274TOTAL-QUADRANTINDEMNITYCOMPANY 837 0 0 0 0 0 0 0 0 0 0 0 0 0TOTAL-EliminationsCompany 1 1 0 (11) 3 6 (5) (7) 0 (13) 2,038 0 (2,051) 1

0599999-Subtotal-Authorized-OtherU.S.UnaffiliatedInsurers 278,962 259,317 90,424 436,738 36,108 375,748 88,360 112,234 0 1,398,929 97,218 0 1,301,711 54,481

Authorized-Pools-MandatoryPoolsTOTAL-FEDERALINSURANCECOMPANY 13,773 1,971 1 17,891 259 1,511 174 38 0 21,845 (8,232) 0 30,077 0TOTAL-VIGILANTINSURANCECOMPANY 100 14 0 131 2 10 1 0 0 158 (59) 0 217 0TOTAL-GREATNORTHERNINSURANCECOMPANY 792 4 0 841 7 78 9 1 0 940 (472) 0 1,412 0TOTAL-PACIFICINDEMNITYCOMPANY 3,416 490 0 4,439 64 374 43 7 0 5,417 (2,043) 0 7,460 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 99 0 0 105 1 9 1 0 0 116 (58) 0 174 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 101 14 0 131 2 10 1 0 0 158 (59) 0 217 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 100 14 0 131 2 10 1 0 0 158 (59) 0 217 0TOTAL-EXECUTIVERISKINDEMNITYINC. 1,587 8 0 1,681 13 153 18 2 0 1,875 (943) 0 2,818 0TOTAL-EXECUTIVERISKSPECIALTYINSURAN 99 0 0 105 1 9 1 0 0 116 (58) 0 174 0TOTAL-QUADRANTINDEMNITYCOMPANY 68 0 0 0 0 0 0 0 0 0 0 0 0 0

0699999-Subtotal-Authorized-Pools-MandatoryPools 20,135 2,515 1 25,455 351 2,164 249 48 0 30,783 (11,983) 0 42,766 0

Authorized-Pools-VoluntaryPoolsTOTAL-FEDERALINSURANCECOMPANY 20,294 498 9 225,758 13,687 28,812 6,731 41,034 0 316,529 1,168 0 315,361 0TOTAL-VIGILANTINSURANCECOMPANY 117 0 0 235 3 30 0 300 0 568 0 0 568 0TOTAL-GREATNORTHERNINSURANCECOMPANY 933 0 0 1,843 30 240 0 2,396 0 4,509 0 0 4,509 0TOTAL-PACIFICINDEMNITYCOMPANY 3,962 12 2 7,834 133 1,028 3 10,184 0 19,196 (35) 0 19,231 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 117 0 0 230 3 30 0 300 0 563 0 0 563 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 117 0 0 230 3 30 0 300 0 563 0 0 563 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 117 0 0 235 3 30 0 300 0 568 0 0 568 0TOTAL-EXECUTIVERISKINDEMNITYINC. 1,864 0 0 3,684 61 481 0 4,792 0 9,018 0 0 9,018 0TOTAL-EXECUTIVERISKSPECIALTYINSURAN 120 0 0 178 4 10 0 308 0 500 0 0 500 0TOTAL-QUADRANTINDEMNITYCOMPANY 120 0 0 0 0 0 0 0 0 0 0 0 0 0

0799999-Subtotal-Authorized-Pools-VoluntaryPools 27,761 510 11 240,227 13,927 30,691 6,734 59,914 0 352,014 1,133 0 350,881 0

Authorized-OtherNon-U.S.InsurersTOTAL-FEDERALINSURANCECOMPANY 140,040 63,110 19,954 130,154 11,295 82,474 14,740 18,984 0 340,711 17,015 0 323,696 61TOTAL-VIGILANTINSURANCECOMPANY 926 402 135 480 78 417 63 133 0 1,708 131 0 1,577 0TOTAL-GREATNORTHERNINSURANCECOMPANY 7,258 3,315 1,084 3,811 624 3,505 550 964 0 13,853 896 0 12,957 2TOTAL-PACIFICINDEMNITYCOMPANY 32,305 14,208 4,445 16,574 2,694 14,420 2,364 4,164 0 58,869 4,145 0 54,724 15TOTAL-CHUBBCUSTOMINSURANCECOMPANY 903 402 135 479 78 417 63 121 0 1,695 129 0 1,566 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 946 431 142 497 81 420 63 123 0 1,757 135 0 1,622 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 903 402 135 480 78 417 63 121 0 1,696 128 0 1,568 0TOTAL-EXECUTIVERISKINDEMNITYINC. 14,507 6,576 2,126 7,657 1,268 6,716 1,105 1,924 0 27,372 1,792 0 25,580 4TOTAL-EXECUTIVERISKSPECIALTYINSURAN 941 432 142 492 78 440 63 123 0 1,770 135 0 1,635 0TOTAL-QUADRANTINDEMNITYCOMPANY 680 0 0 0 0 0 0 0 0 0 0 0 0 0

0899999-Subtotal-Authorized-OtherNon-U.S.Insurers 199,409 89,278 28,298 160,624 16,274 109,226 19,074 26,657 0 449,431 24,506 0 424,925 82

0999999-Subtotal-Authorized 526,267 351,620 118,734 863,044 66,660 517,829 114,417 198,853 0 2,231,157 110,874 0 2,120,283 54,563

36.1







Unauthorized-Affiliates-Other(Non-U.S.)TOTAL-FEDERALINSURANCECOMPANY 30,760 459 133 2,539 454 11,282 2,454 14,513 0 31,834 3,605 0 28,229 17,325TOTAL-VIGILANTINSURANCECOMPANY 162 3 1 18 3 73 17 79 0 194 4 0 190 126TOTAL-GREATNORTHERNINSURANCECOMPANY 1,291 27 8 140 27 583 140 628 0 1,553 29 0 1,524 1,012TOTAL-PACIFICINDEMNITYCOMPANY 5,485 114 33 599 113 2,478 594 2,670 0 6,601 122 0 6,479 4,300TOTAL-CHUBBCUSTOMINSURANCECOMPANY 162 3 1 18 3 73 17 79 0 194 4 0 190 126TOTAL-CHUBBNATIONALINSURANCECOMPANY 162 3 1 18 3 73 17 79 0 194 4 0 190 126TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 162 3 1 18 3 73 17 79 0 194 4 0 190 126TOTAL-EXECUTIVERISKINDEMNITYINC. 2,581 54 16 282 53 1,166 279 1,257 0 3,107 57 0 3,050 2,023TOTAL-EXECUTIVERISKSPECIALTYINSURAN 162 3 1 18 3 73 17 79 0 194 4 0 190 126TOTAL-QUADRANTINDEMNITYCOMPANY 125 0 0 0 0 0 0 0 0 0 0 0 0 0TOTAL-EliminationsCompany (3) 0 0 0 0 0 0 0 0 0 0 0 0 0

1299999-Subtotal-Unauthorized-Affiliates-Other(Non-U.S.) 41,049 669 195 3,650 662 15,874 3,552 19,463 0 44,065 3,833 0 40,232 25,290

1399999-Subtotal-Unauthorized-Affiliates 41,049 669 195 3,650 662 15,874 3,552 19,463 0 44,065 3,833 0 40,232 25,290

Unauthorized-OtherU.S.UnaffiliatedInsurersTOTAL-FEDERALINSURANCECOMPANY 17,715 6,587 407 9,026 1,756 5,688 1,978 9,620 0 35,062 9,927 0 25,135 2TOTAL-VIGILANTINSURANCECOMPANY 132 45 4 119 11 39 13 69 0 300 70 0 230 0TOTAL-GREATNORTHERNINSURANCECOMPANY 3,035 615 59 1,342 180 1,115 282 1,274 0 4,867 779 0 4,088 54TOTAL-PACIFICINDEMNITYCOMPANY 8,013 1,548 205 2,742 454 2,470 666 3,852 0 11,937 2,964 0 8,973 30TOTAL-CHUBBCUSTOMINSURANCECOMPANY 234 49 1 80 13 68 18 112 0 341 89 0 252 1TOTAL-CHUBBNATIONALINSURANCECOMPANY 128 47 1 65 12 40 14 69 0 248 70 0 178 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 132 46 4 119 12 39 13 69 0 302 70 0 232 0TOTAL-EXECUTIVERISKINDEMNITYINC. 3,774 789 47 1,290 212 1,112 307 1,812 0 5,569 1,431 0 4,138 14TOTAL-EXECUTIVERISKSPECIALTYINSURAN 316 116 3 450 21 98 30 147 0 865 105 0 760 0TOTAL-QUADRANTINDEMNITYCOMPANY 212 0 0 0 0 0 0 0 0 0 0 0 0 0

1499999-Subtotal-Unauthorized-OtherU.S.UnaffiliatedInsurers 33,691 9,842 731 15,233 2,671 10,669 3,321 17,024 0 59,491 15,505 0 43,986 101

Unauthorized-Pools-MandatoryPoolsTOTAL-FEDERALINSURANCECOMPANY 643 0 0 6 0 0 0 281 0 287 0 0 287 0TOTAL-VIGILANTINSURANCECOMPANY 5 0 0 0 0 0 0 2 0 2 0 0 2 0TOTAL-GREATNORTHERNINSURANCECOMPANY 53 112 0 205 8 11 1 17 0 354 (9) 0 363 0TOTAL-PACIFICINDEMNITYCOMPANY 179 0 0 2 0 0 0 72 0 74 0 0 74 0TOTAL-CHUBBCUSTOMINSURANCECOMPANY 6 14 0 26 1 1 0 2 0 44 (1) 0 45 0TOTAL-CHUBBNATIONALINSURANCECOMPANY 4 0 0 0 0 0 0 2 0 2 0 0 2 0TOTAL-CHUBBINDEMNITYINSURANCECOMPAN 5 0 0 0 0 0 0 2 0 2 0 0 2 0TOTAL-EXECUTIVERISKINDEMNITYINC. 105 222 0 410 17 22 2 36 0 709 (20) 0 729 0TOTAL-EXECUTIVERISKSPECIALTYINSURAN 6 14 0 26 1 1 0 2 0 44 (1) 0 45 0TOTAL-QUADRANTINDEMNITYCOMPANY 2 0 0 0 0 0 0 0 0 0 0 0 0 0

1599999-Subtotal-Unauthorized-Pools-MandatoryPools 1,008 362 0 675 27 35 3 416 0 1,518 (31) 0 1,549 0

Unauthorized-Pools-VoluntaryPoolsTOTAL-FEDERALINSURANCECOMPANY 3,692 60 13 113,812 4,810 10,698 2,854 1,107 0 133,354 768 0 132,586 0TOTAL-VIGILANTINSURANCECOMPANY 3 0 0 12 0 0 0 8 0 20 0 0 20 0TOTAL-GREATNORTHERNINSURANCECOMPANY 25 2 0 138 2 3 0 65 0 210 0 0 210 0TOTAL-PACIFICINDEMNITYCOMPANY 107 5 1 589 8 18 1 275 0 897 (23) 0

chubb Combined Annual Statemen 6939

Economy & Finance

Transcript of chubb Combined Annual Statemen 6939