Triad Guaranty : 2023 TGIC Annual Statement

*24350202320100100*

PROPERTY AND CASUALTY COMPANIES-ASSOCIATION EDITION

ANNUAL STATEMENT

For the Year Ended December 31, 2023

OF THE CONDITION AND AFFAIRS OF THE

TRIAD GUARANTY INSURANCE CORPORATION, IN REHABILITATION

NAIC Group Code

00421

,

00421

NAIC Company Code

24350

Employer's ID Number

56-1570971

(Current Period)

(Prior Period)

Organized under the Laws of

Illinois

, State of Domicile or Port of Entry

Illinois

Country of Domicile

United States

Incorporated/Organized

07/30/1987

Commenced Business

08/07/1987

Statutory Home Office

222 Merchandise Mart Plaza, Suite 960

,

Chicago, IL, US 60654

(Street and Number)

(City or Town, State, Country and Zip Code)

Main Administrative Office

101 South Stratford Road

Winston-Salem, NC, US 27104

336-723-1282

(Street and Number)

(City or Town, State, Country and Zip Code)

(Area Code)

(Telephone Number)

Mail Address

Post Office Box 2300

,

Winston-Salem, NC, US 27102-2300

(Street and Number or P.O. Box)

(City or Town, State, Country and Zip Code)

Primary Location of Books and Records

101 South Stratford Road

Winston-Salem, NC, US 27104

336-723-1282-1155

(Street and Number)

(City or Town, State, Country and Zip Code)

(Area Code) (Telephone Number)

Internet Web Site Address

www.triadguaranty.com

Statutory Statement Contact

Randall Keith Shields

336-723-1282-1155

[e-mail]

(Name)

(Area Code) (Telephone Number) (Extension)

336-761-5174-1155

(E-Mail Address)

(Fax Number)

OFFICERS

Name

Title

Name

Title

,

,

,

,

,

OTHER OFFICERS

,

DIRECTORS OR TRUSTEES

State of

ss

County of

The officers of this reporting entity, being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement.

				a. Is this an original filing?	Yes [ X ] No [ ]
Subscribed and sworn to before me		b. If no:
this		day of	,	1.	State the amendment number
				2.	Date filed
				3. Number of pages attached

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN

REHABILITATION

ASSETS

				Current Year		Prior Year
			1	2	3	4
					Net Admitted Assets	Net Admitted
			Assets	Nonadmitted Assets	(Cols. 1 - 2)	Assets
1.	Bonds (Schedule D)	76,000,901		76,000,901	72,794,422
2.	Stocks (Schedule D):
	2.1	Preferred stocks
	2.2	Common stocks	12,299,357		12,299,357	12,017,865

1. Mortgage loans on real estate (Schedule B):
2. 1. First liens
   2. Other than first liens
3. Real estate (Schedule A):
4. 1. Properties occupied by the company (less

	$	encumbrances)
	4.2 Properties held for the production of income
	(less $		encumbrances)
	4.3 Properties held for sale (less
	$	encumbrances)
5.	Cash ($	2,713,434	, Schedule E-Part 1), cash equivalents
	($	2,332,343	, Schedule E-Part 2) and short-term
	investments ($		, Schedule DA)	5,045,776	5,045,776	10,636,017
6.	Contract loans (including $	premium notes)

1. Derivatives (Schedule DB)
2. Other invested assets (Schedule BA)

9.	Receivables for securities		84	84	94
10.	Securities lending reinvested collateral assets (Schedule DL)
11.	Aggregate write-ins for invested assets
12.	Subtotals, cash and invested assets (Lines 1 to 11)	93,346,118	93,346,118	95,448,398
13.	Title plants less $	charged off (for Title insurers
	only)
14.	Investment income due and accrued	629,106	629,106	485,341
15.	Premiums and considerations:
	15.1 Uncollected premiums and agents' balances in the course of
	collection		450,601	450,601	414,738
	15.2 Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including	$	earned
	but unbilled premiums)
	15.3 Accrued retrospective premiums ($	) and
	contracts subject to redetermination	($	)
16.	Reinsurance:
	16.1 Amounts recoverable from reinsurers			2,359

1. Funds held by or deposited with reinsured companies
2. Other amounts receivable under reinsurance contracts

17. Amounts receivable relating to uninsured plans

1. Current federal and foreign income tax recoverable and interest thereon
2. Net deferred tax asset

19.	Guaranty funds receivable or on deposit
20.	Electronic data processing equipment and software	5,818	5,818	22,100

21. Furniture and equipment, including health care delivery assets

($

)

22. Net adjustment in assets and liabilities due to foreign exchange rates

23.	Receivables from parent, subsidiaries and affiliates	2,626	2,626	(1,525)
24.	Health care ($	) and other amounts receivable

1. Aggregate write-ins for other-than-invested assets
2. Total assets excluding Separate Accounts, Segregated Accounts and

	Protected Cell Accounts (Lines 12 to 25)	94,434,269	94,434,269	96,371,411
27.	From Separate Accounts, Segregated Accounts and Protected
	Cell Accounts
28.	Total (Lines 26 and 27)	94,434,269	94,434,269	96,371,411

DETAILS OF WRITE-INS

1101.

1102.

1103.

1198. Summary of remaining write-ins for Line 11 from overflow page

1199. Totals (Lines 1101 through 1103 plus 1198) (Line 11 above)

2501.

2502.

2503.

2598. Summary of remaining write-ins for Line 25 from overflow page

2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)

2

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN

REHABILITATION

LIABILITIES, SURPLUS AND OTHER FUNDS

					1	2
					Current Year	Prior Year
1.	Losses (Part 2A, Line 35, Column 8)		24,581,230	35,765,398
2.	Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part 1, Column 6)
3.	Loss adjustment expenses (Part 2A, Line 35, Column 9)		3,238,985	3,500,000
4.	Commissions payable, contingent commissions and other similar charges
5.	Other expenses (excluding taxes, licenses and fees)		8,525,000	8,400,000
6.	Taxes, licenses and fees (excluding federal and foreign income taxes)
7.1	Current federal and foreign income taxes (including $	on realized capital gains (losses))	358,282	358,282
7.2	Net deferred tax liability
8.	Borrowed money $		and interest thereon $
9.	Unearned premiums (Part 1A, Line 38, Column 5) (after deducting unearned premiums for ceded reinsurance of
	$	1,297	and including warranty reserves of $	and accrued accident and
	health experience rating refunds including $	for medical loss ratio rebate per the Public Health
	Service Act)				228,237	287,795

1. Advance premium
2. Dividends declared and unpaid:
3. 1. Stockholders
   2. Policyholders

12.	Ceded reinsurance premiums payable (net of ceding commissions)	107,620	102,730
13.	Funds held by company under reinsurance treaties (Schedule F, Part 3, Column 20)
14.	Amounts withheld or retained by company for account of others		426,014	424,612
15.	Remittances and items not allocated		239,045	204,668
16.	Provision for reinsurance (including $	certified) (Schedule F, Part 3, Column 78)

1. Net adjustments in assets and liabilities due to foreign exchange rates
2. Drafts outstanding
3. Payable to parent, subsidiaries and affiliates
4. Derivatives
5. Payable for securities
6. Payable for securities lending
7. Liability for amounts held under uninsured plans

24.	Capital notes $	and interest thereon $
25.	Aggregate write-ins for liabilities		778,776,683	777,356,603
26.	Total liabilities excluding protected cell liabilities (Lines 1 through 25)	816,481,096	826,400,088
27.	Protected cell liabilities
28.	Total liabilities (Lines 26 and 27)		816,481,096	826,400,088
29.	Aggregate write-ins for special surplus funds
30.	Common capital stock		3,500,000	3,500,000

1. Preferred capital stock
2. Aggregate write-ins for other-than-special surplus funds

33.	Surplus notes			25,000,000	25,000,000
34.	Gross paid in and contributed surplus		105,215,928	105,215,928
35.	Unassigned funds (surplus)			(855,762,755)	(863,744,605)
36.	Less treasury stock, at cost:
	36.1	shares common (value included in Line 30	$	)
	36.2	shares preferred (value included in Line 31	$	)
37.	Surplus as regards policyholders (Lines 29 to 35, less 36) (Page 4, Line 39)			(722,046,827)	(730,028,677)
38.	Totals (Page 2, Line 28, Col. 3)			94,434,269	96,371,411
DETAILS OF WRITE-INS
2501.	Deferred Premium Refund			5,466,940	5,258,161
2502.	Deferred Payment Obligation, including carry charges		773,269,325	772,039,085
2503.	Rescinded Premium Payable			40,418	59,357
2598.	Summary of remaining write-ins for Line 25 from overflow page
2599.	Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)		778,776,683	777,356,603
2901.
2902.
2903.
2998.	Summary of remaining write-ins for Line 29 from overflow page
2999.	Totals (Lines 2901 through 2903 plus 2998) (Line 29 above)
3201.
3202.
3203.
3298.	Summary of remaining write-ins for Line 32 from overflow page
3299.	Totals (Lines 3201 through 3203 plus 3298) (Line 32 above)

3

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN

REHABILITATION

STATEMENT OF INCOME

				1	2
				Current Year	Prior Year
1.		UNDERWRITING INCOME
Premiums earned (Part 1, Line 35, Column 4)		8,817,335	9,269,443
	DEDUCTIONS:
2.	Losses incurred (Part 2, Line 35, Column 7)		(6,532,648)	(11,315,325)
3.	Loss adjustment expenses incurred (Part 3, Line 25, Column 1)		1,298,948	1,534,277
4.	Other underwriting expenses incurred (Part 3, Line 25, Column 2)		8,029,476	8,038,249
5.	Aggregate write-ins for underwriting deductions
6.	Total underwriting deductions (Lines 2 through 5)		2,795,776	(1,742,799)
7.	Net income of protected cells
8.	Net underwriting gain (loss) (Line 1 minus Line 6 plus Line 7)		6,021,559	11,012,242
		INVESTMENT INCOME
9.	Net investment income earned (Exhibit of Net Investment Income, Line 17)		1,681,968	1,643,638
10.	Net realized capital gains (losses) less capital gains tax of $	(Exhibit of Capital Gains (Losses))	(3,170)	(48,206)
11.	Net investment gain (loss) (Lines 9 + 10)		1,678,798	1,595,432
		OTHER INCOME
12.	Net gain (loss) from agents' or premium balances charged off (amount recovered $	amount
	charged off $	)
13.	Finance and service charges not included in premiums
14.	Aggregate write-ins for miscellaneous income			24
15.	Total other income (Lines 12 through 14)			24
16.	Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes
	(Lines 8 + 11 + 15)			7,700,357	12,607,698

1. Dividends to policyholders
2. Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes

	(Line 16 minus Line 17)	7,700,357	12,607,698
19.	Federal and foreign income taxes incurred
20.	Net income (Line 18 minus Line 19) (to Line 22)	7,700,357	12,607,698
	CAPITAL AND SURPLUS ACCOUNT
21.	Surplus as regards policyholders, December 31 prior year (Page 4, Line 39, Column 2)	(730,028,676)	(743,041,588)
22.	Net income (from Line 20)	7,700,357	12,607,698
23.	Net transfers (to) from Protected Cell accounts
24.	Change in net unrealized capital gains or (losses) less capital gains tax of $	281,493	405,214

1. Change in net unrealized foreign exchange capital gain (loss)
2. Change in net deferred income tax
3. Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 28, Col. 3)
4. Change in provision for reinsurance (Page 3, Line 16, Column 2 minus Column 1)
5. Change in surplus notes
6. Surplus (contributed to) withdrawn from protected cells
7. Cumulative effect of changes in accounting principles
8. Capital changes:
9. 1. Paid in
   2. Transferred from surplus (Stock Dividend)
   3. Transferred to surplus
10. Surplus adjustments:
11. 1. Paid in
    2. Transferred to capital (Stock Dividend)
    3. Transferred from capital
12. Net remittances from or (to) Home Office
13. Dividends to stockholders
14. Change in treasury stock (Page 3, Lines 36.1 and 36.2, Column 2 minus Column 1)
15. Aggregate write-ins for gains and losses in surplus

38.	Change in surplus as regards policyholders for the year (Lines 22 through 37)	7,981,850	13,012,912
39.	Surplus as regards policyholders, December 31 current year (Line 21 plus Line 38) (Page 3, Line 37)	(722,046,826)	(730,028,676)
DETAILS OF WRITE-INS
0501.
0502.
0503.
0598.	Summary of remaining write-ins for Line 5 from overflow page
0599.	Totals (Lines 0501 through 0503 plus 0598) (Line 5 above)
1401.	Misc. Income		24
1402.
1403.
1498.	Summary of remaining write-ins for Line 14 from overflow page
1499.	Totals (Lines 1401 through 1403 plus 1498) (Line 14 above)		24
3701.
3702.
3703.
3798.	Summary of remaining write-ins for Line 37 from overflow page
3799.	Totals (Lines 3701 through 3703 plus 3798) (Line 37 above)

4

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN

REHABILITATION

CASH FLOW

				1	2
				Current Year	Prior Year
1.		Cash from Operations
Premiums collected net of reinsurance		8,953,118	10,554,947
2.	Net investment income		1,875,346	2,154,569
3.	Miscellaneous income			24
4.	Total (Lines 1 through 3)		10,828,464	12,709,540
5.	Benefit and loss related payments		3,429,251	4,383,258
6.	Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts
7.	Commissions, expenses paid and aggregate write-ins for deductions		9,439,921	9,583,732
8.	Dividends paid to policyholders
9.	Federal and foreign income taxes paid (recovered) net of $	tax on capital gains (losses)
10.	Total (Lines 5 through 9)		12,869,172	13,966,990
11.	Net cash from operations (Line 4 minus Line 10)		(2,040,708)	(1,257,450)
12.		Cash from Investments
Proceeds from investments sold, matured or repaid:
	12.1	Bonds		9,233,065	19,598,706
	12.2	Stocks
	12.3	Mortgage loans
	12.4	Real estate
	12.5	Other invested assets
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments
	12.7	Miscellaneous proceeds		9	43
13.	12.8	Total investment proceeds (Lines 12.1 to 12.7)		9,233,074	19,598,749
Cost of investments acquired (long-term only):
	13.1	Bonds		12,779,854	18,856,498
	13.2	Stocks
	13.3	Mortgage loans
	13.4	Real estate
	13.5	Other invested assets
	13.6	Miscellaneous applications
14.	13.7	Total investments acquired (Lines 13.1 to 13.6)		12,779,854	18,856,498
Net increase/(decrease) in contract loans and premium notes
15.	Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)		(3,546,780)	742,251
16.		Cash from Financing and Miscellaneous Sources
Cash provided (applied):
	16.1	Surplus notes, capital notes
	16.2	Capital and paid in surplus, less treasury stock
	16.3	Borrowed funds
	16.4	Net deposits on deposit-type contracts and other insurance liabilities
	16.5	Dividends to stockholders
17.	16.6	Other cash provided (applied)		(2,754)	3,005
Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)	(2,754)	3,005
18.		RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)	(5,590,242)	(512,194)
19.	Cash, cash equivalents and short-term investments:
	19.1	Beginning of year		10,636,017	11,148,211
	19.2	End of year (Line 18 plus Line 19.1)		5,045,775	10,636,017

5

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN

REHABILITATION

UNDERWRITING AND INVESTMENT EXHIBIT

PART 1 - PREMIUMS EARNED

	1	2	3	4
		Unearned Premiums	Unearned Premiums
	Net Premiums	Dec. 31 Prior Year -	Dec. 31 Current	Premiums Earned
	Written per	per Col. 3, Last Year's	Year - per Col. 5	During Year
Line of Business	Column 6, Part 1B	Part 1	Part 1A	(Cols. 1 + 2 - 3)

1. Fire

1. Allied lines
2. Multiple peril crop
3. Federal flood
4. Private crop
5. Private flood

1. Farmowners multiple peril
2. Homeowners multiple peril

1. Commercial multiple peril (non-liability portion)
2. Commercial multiple peril (liability portion)

6.

Mortgage guaranty

8,757,777

287,795

228,237

8,817,335

1. Ocean marine
2. Inland marine
3. Financial guaranty

1. Medical professional liability-occurrence
2. Medical professional liability-claims-made

12. Earthquake

1. Comprehensive (hospital and medical) individual
2. Comprehensive (hospital and medical) group

14. Credit accident and health (group and individual)

1. Vision only
2. Dental only
3. Disability income
4. Medicare supplement
5. Medicaid Title XIX
6. Medicare Title XVIII
7. Long-termcare
8. Federal employees health benefits plan
9. Other health

16. Workers' compensation

1. Other liability-occurrence
2. Other liability-claims-made
3. Excess workers' compensation

1. Products liability-occurrence
2. Products liability-claims-made

1. Private passenger auto no-fault (personal injury protection)
2. Other private passenger auto liability
3. Commercial auto no-fault (personal injury protection)
4. Other commercial auto liability

1. Private passenger auto physical damage
2. Commercial auto physical damage

1. Aircraft (all perils)
2. Fidelity
3. Surety

1. Burglary and theft
2. Boiler and machinery
3. Credit
4. International
5. Warranty
6. Reinsurance-nonproportionalassumed property
7. Reinsurance-nonproportionalassumed liability
8. Reinsurance-nonproportionalassumed financial lines
9. Aggregate write-ins for other lines of business

35.

TOTALS

8,757,777

287,795

228,237

8,817,335

DETAILS OF WRITE-INS

3401.

3402.

3403.

3498. Sum. of remaining write-ins for Line 34 from overflow page

3499. Totals (Lines 3401 through 3403 plus 3498) (Line 34 above)

6

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN

REHABILITATION

UNDERWRITING AND INVESTMENT EXHIBIT

PART 1A - RECAPITULATION OF ALL PREMIUMS

		1	2	3	4	5
		Amount Unearned	Amount Unearned		Reserve for Rate
		(Running One Year or	(Running More Than		Credits and
		Less from Date of	One Year from Date	Earned	Retrospective	Total Reserve for
		Policy)	of Policy)	but	Adjustments Based	Unearned Premiums
	Line of Business	(a)	(a)	Unbilled Premium	on Experience	Cols. 1+2+3+4
1.	Fire
2.1	Allied lines
2.2	Multiple peril crop
2.3	Federal flood
2.4	Private crop
2.5	Private flood
3.	Farmowners multiple peril
4.	Homeowners multiple peril

1. Commercial multiple peril (non-liability portion)
2. Commercial multiple peril (liability portion)

6.

Mortgage guaranty

2,472

225,765

228,237

1. Ocean marine
2. Inland marine
3. Financial guaranty

1. Medical professional liability-occurrence
2. Medical professional liability-claims-made

1. Earthquake

1. Comprehensive (hospital and medical) individual
2. Comprehensive (hospital and medical) group

1. Credit accident and health (group and individual)

1. Vision only
2. Dental only
3. Disability income
4. Medicare supplement
5. Medicaid title XIX
6. Medicare title XVIII
7. Long-termcare
8. Federal employees health benefits plan
9. Other health

16. Workers' compensation

1. Other liability-occurrence
2. Other liability-claims-made
3. Excess workers' compensation

1. Products liability-occurrence
2. Products liability-claims-made

1. Private passenger auto no-fault (personal injury protection)
2. Other private passenger auto liability
3. Commercial auto no-fault (personal injury protection)
4. Other commercial auto liability

1. Private passenger auto physical damage
2. Commercial auto physical damage

1. Aircraft (all perils)
2. Fidelity
3. Surety

1. Burglary and theft
2. Boiler and machinery
3. Credit
4. International
5. Warranty
6. Reinsurance-nonproportionalassumed property
7. Reinsurance-nonproportionalassumed liability
8. Reinsurance-nonproportionalassumed financial lines
9. Aggregate write-ins for other lines of business

35.	TOTALS	2,472	225,765	228,237
36.	Accrued retrospective premiums based on experience
37.	Earned but unbilled premiums
38.	Balance (Sum of Lines 35 through 37)			228,237
DETAILS OF WRITE-INS
3401.
3402.
3403.
3498.	Sum. of remaining write-ins for Line 34 from
	overflow page
3499.	Totals (Lines 3401 through 3403 plus 3498) (Line
	34 above)

1. State here basis of computation used in each case. 1. Annual Policies - monthly pro rata. Monthly Policies - month coverage is provided. 2. Per Illinois
   Regulation 203.5.

7

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN

REHABILITATION

UNDERWRITING AND INVESTMENT EXHIBIT

PART 1B - PREMIUMS WRITTEN

		1	Reinsurance Assumed	Reinsurance Ceded	6
		Direct	2	3	4	5	Net Premiums
	Line of Business	Business	From	From	To	To	Written Cols.
	(a)	Affiliates	Non-Affiliates	Affiliates	Non-Affiliates	1+2+3-4-5
1.	Fire
2.1	Allied lines
2.2	Multiple peril crop
2.3	Federal flood
2.4	Private crop
2.5	Private flood
3.	Farmowners multiple peril
4.	Homeowners multiple peril

1. Commercial multiple peril (non-liability portion)
2. Commercial multiple peril (liability portion)

6.

Mortgage guaranty

8,815,562

57,785

8,757,777

1. Ocean marine
2. Inland marine
3. Financial guaranty

1. Medical professional liability-occurrence
2. Medical professional liability-claims-made

1. Earthquake

1. Comprehensive (hospital and medical) individual
2. Comprehensive (hospital and medical) group

14. Credit accident and health (group and individual)

1. Vision only
2. Dental only
3. Disability income
4. Medicare supplement
5. Medicaid Title XIX
6. Medicare Title XVIII
7. Long-termcare
8. Federal employees health benefits plan
9. Other health

16. Workers' compensation

1. Other liability-occurrence
2. Other liability-claims-made
3. Excess workers' compensation

1. Products liability-occurrence
2. Products liability-claims-made

1. Private passenger auto no-fault (personal injury protection)
2. Other private passenger auto liability
3. Commercial auto no-fault (personal injury protection)
4. Other commercial auto liability

1. Private passenger auto physical
2. Commercial auto physical damage

1. Aircraft (all perils)
2. Fidelity
3. Surety

1. Burglary and theft
2. Boiler and machinery
3. Credit
4. International
5. Warranty

31.	Reinsurance-nonproportional assumed property	XXX
32.	Reinsurance-nonproportional assumed liability	XXX
33.	Reinsurance-nonproportional assumed financial lines	XXX

34. Aggregate write-ins for other lines of business

35.

TOTALS

8,815,562

57,785

8,757,777

DETAILS OF WRITE-INS

3401.

3402.

3403.

3498. Sum. Of remaining write-ins for Line 34 from overflow page

3499. Totals (Lines 3401 through 3403 plus 3498) (Line 34 above)

(a) Does the company's direct premiums written include premiums recorded on an installment basis? Yes [ ] No [ X ] If yes: 1. The amount of such installment premiums $

2. Amount at which such installment premiums would have been reported had they been recorded on an annualized basis $

8

9

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN REHABILITATION

UNDERWRITING AND INVESTMENT EXHIBIT

PART 2 - LOSSES PAID AND INCURRED

		Losses Paid Less Salvage		5	6	7	8
	1	2	3	4				Percentage of Losses
					Net Losses			Incurred
					Unpaid	Net Losses	Losses Incurred	(Col. 7, Part 2)
		Reinsurance	Reinsurance	Net Payments	Current Year	Unpaid	Current Year	to Premiums Earned
Line of Business	Direct Business	Assumed	Recovered	(Cols. 1 + 2 - 3)	(Part 2A, Col. 8)	Prior Year	(Cols. 4 + 5 - 6)	(Col. 4, Part 1)

1. Fire

1. Allied lines
2. Multiple peril crop
3. Federal flood
4. Private crop
5. Private flood

1. Farmowners multiple peril
2. Homeowners multiple peril

1. Commercial multiple peril (non-liability portion)
2. Commercial multiple peril (liability portion)

6.

Mortgage guaranty

4,674,777

23,257

4,651,520

24,581,230

35,765,398

(6,532,648)

(74.1)

1. Ocean marine
2. Inland marine
3. Financial guaranty

1. Medical professional liability-occurrence
2. Medical professional liability-claims-made

1. Earthquake

1. Comprehensive (hospital and medical) individual
2. Comprehensive (hospital and medical) group

1. Credit accident and health (group and individual)

1. Vision only
2. Dental only
3. Disability income
4. Medicare supplement
5. Medicaid Title XIX
6. Medicare Title XVIII
7. Long-termcare
8. Federal employees health benefits plan
9. Other health

16. Workers' compensation

1. Other liability-occurrence
2. Other liability-claims-made
3. Excess workers' compensation

1. Products liability-occurrence
2. Products liability-claims-made

1. Private passenger auto no-fault (personal injury protection)
2. Other private passenger auto liability
3. Commercial auto no-fault (personal injury protection)
4. Other commercial auto liability

1. Private passenger auto physical damage
2. Commercial auto physical damage

1. Aircraft (all perils)
2. Fidelity
3. Surety

1. Burglary and theft
2. Boiler and machinery
3. Credit
4. International
5. Warranty

31.	Reinsurance-nonproportional assumed property	XXX
32.	Reinsurance-nonproportional assumed liability	XXX
33.	Reinsurance-nonproportional assumed financial lines	XXX

34. Aggregate write-ins for other lines of business

35.

TOTALS

4,674,777

23,257

4,651,520

24,581,230

35,765,398

(6,532,648)

(74.1)

DETAILS OF WRITE-INS3401.

3402.

3403.

3498. Sum. of remaining write-ins for Line 34 from overflow page

3499. Totals (Lines 3401 through 3403 + 3498) (Line 34 above)

10

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN REHABILITATION

UNDERWRITING AND INVESTMENT EXHIBIT

PART 2A - UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES

		Reported Losses			Incurred But Not Reported		8	9
	1	2	3	4	5	6	7
				Net Losses Excl. Incurred				Net Losses	Net Unpaid Loss
Line of Business		Reinsurance	Deduct Reinsurance	But Not Reported		Reinsurance	Reinsurance	Unpaid	Adjustment
Direct	Assumed	Recoverable	(Cols. 1+2-3)	Direct	Assumed	Ceded	(Cols. 4+5+6-7)	Expenses

1. Fire

1. Allied lines
2. Multiple peril crop
3. Federal flood
4. Private crop
5. Private flood

1. Farmowners multiple peril
2. Homeowners multiple peril

1. Commercial multiple peril (non-liability portion)
2. Commercial multiple peril (liability portion)

6.

Mortgage guaranty

24,291,978

388,051

23,903,927

688,129

10,826

24,581,230

3,238,985

1. Ocean marine
2. Inland marine
3. Financial guaranty

1. Medical professional liability-occurrence
2. Medical professional liability-claims-made

1. Earthquake

13.1	Comprehensive (hospital and medical) individual	(a)
13.2	Comprehensive (hospital and medical) group	(a)

14. Credit accident and health (group and individual)

15.1	Vision only	(a)
15.2	Dental only	(a)
15.3	Disability income	(a)
15.4	Medicare supplement	(a)
15.5	Medicaid Title XIX	(a)
15.6	Medicare Title XVIII	(a)
15.7	Long-term care	(a)
15.8	Federal employees health benefits plan	(a)
15.9	Other health	(a)

16. Workers' compensation

1. Other liability-occurrence
2. Other liability-claims-made
3. Excess workers' compensation

1. Products liability-occurrence
2. Products liability-claims-made

1. Private passenger auto no-fault (personal injury protection)
2. Other private passenger auto liability
3. Commercial auto no-fault (personal injury protection)
4. Other commercial auto liability

1. Private passenger auto physical damage
2. Commercial auto physical damage

1. Aircraft (all perils)
2. Fidelity
3. Surety

1. Burglary and theft
2. Boiler and machinery
3. Credit
4. International
5. Warranty

31.	Reinsurance-nonproportional assumed property	XXX	XXX
32.	Reinsurance-nonproportional assumed liability	XXX	XXX
33.	Reinsurance-nonproportional assumed financial lines	XXX	XXX

34. Aggregate write-ins for other lines of business

35.	TOTALS		24,291,978	388,051	23,903,927	688,129	10,826	24,581,230	3,238,985
DETAILS OF WRITE-INS
3401.
3402.
3403.
3498.	Sum. of remaining write-ins for Line 34 from overflow page
3499.	Totals (Lines 3401 through 3403 + 3498) (Line 34 above)
(a) Including $	for present value of life indemnity claims reported in lines 13 and 15.