*10217202020100102*

PROPERTY AND CASUALTY COMPANIES-ASSOCIATION EDITION

QUARTERLY STATEMENT

AS OF JUNE 30, 2020

OF THE CONDITION AND AFFAIRS OF THE

TRIAD GUARANTY ASSURANCE CORPORATION, IN REHABILITATION

NAIC Group Code

00421

,

00421

NAIC Company Code

10217

Employer's ID Number

56-1905825

(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

12/23/1994

Commenced Business

02/15/1995

Statutory Home Office

222 Merchandise Mart Plaza

,

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

(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

rshields@tgic.com

(Name)

(Area Code) (Telephone Number) (Extension)

336-761-5174

(E-Mail Address)

(Fax Number)

Name

Title

OFFICERS

Name

Title

,

,

,

,

,

OTHER OFFICERS

,

DIRECTORS OR TRUSTEES

State of

County of

ss

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 [ ] No [ ]

Subscribed and sworn to before me this

b. If no:

day of

,

1.

State the amendment number

2.

Date filed

3. Number of pages attached

STATEMENT AS OF JUNE 30, 2020 OF THE TRIAD GUARANTY ASSURANCE CORPORATION, IN REHABILITATION

ASSETS

Current Statement Date

4

1

2

3

December 31

Net Admitted Assets

Prior Year Net

Assets

Nonadmitted Assets

(Cols. 1 - 2)

Admitted Assets

1. Bonds

11,411,327

11,411,327

11,442,230

  1. Stocks:
    1. Preferred stocks
    2. Common stocks
  2. Mortgage loans on real estate:
    1. First liens
    2. Other than first liens
  3. Real estate:
    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 ($

184,054

),

cash equivalents ($

216,208 )

and short-term investments ($

)

400,260

400,260

234,876

6.

Contract loans (including $

premium notes)

  1. Derivatives
  2. Other invested assets
  3. Receivables for securities
  4. Securities lending reinvested collateral assets
  5. Aggregate write-ins for invested assets

12.

Subtotals, cash and invested assets (Lines 1 to 11)

11,811,587

11,811,587

11,677,106

13.

Title plants less $

charged off (for Title insurers

only)

14.

Investment income due and accrued

87,886

87,886

88,655

15.

Premiums and considerations:

15.1 Uncollected premiums and agents' balances in the course of

collection

(7,362)

(7,362)

9,578

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 ($

)

  1. Reinsurance:
    1. Amounts recoverable from reinsurers
    2. Funds held by or deposited with reinsured companies
    3. Other amounts receivable under reinsurance contracts
  2. Amounts receivable relating to uninsured plans
  1. Current federal and foreign income tax recoverable and interest thereon
  2. Net deferred tax asset
  1. Guaranty funds receivable or on deposit
  2. Electronic data processing equipment and software
  3. Furniture and equipment, including health care delivery assets

($

)

  1. Net adjustment in assets and liabilities due to foreign exchange rates
  2. Receivables from parent, subsidiaries and affiliates

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)

11,892,111

11,892,111

11,775,339

27.

From Separate Accounts, Segregated Accounts and Protected

Cell Accounts

28.

Total (Lines 26 and 27)

11,892,111

11,892,111

11,775,339

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

STATEMENT AS OF JUNE 30, 2020 OF THE TRIAD GUARANTY ASSURANCE CORPORATION, IN REHABILITATION

LIABILITIES, SURPLUS AND OTHER FUNDS

1

2

Current

December 31,

Statement Date

Prior Year

1.

Losses (current accident year $

279,446 )

861,753

755,201

2.

Reinsurance payable on paid losses and loss adjustment expenses

(447)

(482)

3.

Loss adjustment expenses

4.

Commissions payable, contingent commissions and other similar charges

(2,209)

2,873

  1. Other expenses (excluding taxes, licenses and fees)
  2. Taxes, licenses and fees (excluding federal and foreign income taxes)

7.1Current federal and foreign income taxes (including $

on realized capital gains (losses))

32,446

32,446

7.2 Net deferred tax liability

8.

Borrowed money $

and interest thereon $

9.

Unearned premiums (after deducting unearned premiums for ceded reinsurance of $

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)

1,399

2,016

  1. Advance premium
  2. Dividends declared and unpaid:
    1. Stockholders
    2. Policyholders
  3. Ceded reinsurance premiums payable (net of ceding commissions)
  4. Funds held by company under reinsurance treaties
  5. Amounts withheld or retained by company for account of others
  6. Remittances and items not allocated

16. Provision for reinsurance (including $

certified)

  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

26.

Total liabilities excluding protected cell liabilities (Lines 1 through 25)

892,942

792,054

27.

Protected cell liabilities

28.

Total liabilities (Lines 26 and 27)

892,942

792,054

29.

Aggregate write-ins for special surplus funds

30.

Common capital stock

2,500,000

2,500,000

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

34.

Gross paid in and contributed surplus

2,535,982

2,535,982

35.

Unassigned funds (surplus)

5,963,188

5,947,303

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)

10,999,170

10,983,285

38.

Totals (Page 2, Line 28, Col. 3)

11,892,112

11,775,339

DETAILS OF WRITE-INS

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)

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

STATEMENT AS OF JUNE 30, 2020 OF THE TRIAD GUARANTY ASSURANCE CORPORATION, IN REHABILITATION

STATEMENT OF INCOME

1

2

3

Current Year

Prior Year

Prior Year Ended

to Date

to Date

December 31

1.

Premiums earned:

UNDERWRITING INCOME

1.1

Direct (written $

)

1.2

Assumed (written $

28,445 )

29,073

59,302

76,093

1.3

Ceded (written $

)

1.4

Net (written $

28,445

)

29,073

59,302

76,093

2.

DEDUCTIONS:

Losses incurred (current accident year $

279,446 ):

2.1 Direct

2.2 Assumed

160,361

(18,882)

(50,474)

2.3 Ceded

3.

2.4 Net

160,361

(18,882)

(50,474)

Loss adjustment expenses incurred

4.

Other underwriting expenses incurred

17,970

31,077

45,680

5.

Aggregate write-ins for underwriting deductions

6.

Total underwriting deductions (Lines 2 through 5)

178,331

12,195

(4,794)

7.

Net income of protected cells

8.

Net underwriting gain (loss) (Line 1 minus Line 6 + Line 7)

(149,258)

47,107

80,887

9.

Net investment income earned

INVESTMENT INCOME

157,788

149,518

306,304

10.

Net realized capital gains (losses) less capital gains tax of $

7,356

(2,119)

18,530

11.

Net investment gain (loss) (Lines 9 + 10)

165,144

147,399

324,834

12.

OTHER INCOME

Net gain or (loss) from agents' or premium balances charged off

(amount recovered $

amount charged off $

)

  1. Finance and service charges not included in premiums
  2. Aggregate write-ins for miscellaneous income
  3. Total other income (Lines 12 through 14)
  4. Net income before dividends to policyholders, after capital gains tax and before all other federal

and foreign income taxes (Lines 8 + 11 + 15)

15,886

194,506

405,721

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

19.

and foreign income taxes (Line 16 minus Line 17)

15,886

194,506

405,721

Federal and foreign income taxes incurred

20.

Net income (Line 18 minus Line 19)(to Line 22)

15,886

194,506

405,721

21.

CAPITAL AND SURPLUS ACCOUNT

Surplus as regards policyholders, December 31 prior year

10,983,285

10,577,563

10,577,564

22.

Net income (from Line 20)

15,886

194,506

405,721

  1. Net transfers (to) from Protected Cell accounts
  2. Change in net unrealized capital gains or (losses) less capital gains tax of
    $
  3. Change in net unrealized foreign exchange capital gain (loss)
  4. Change in net deferred income tax
  5. Change in nonadmitted assets
  6. Change in provision for reinsurance
  7. Change in surplus notes
  8. Surplus (contributed to) withdrawn from protected cells
  9. Cumulative effect of changes in accounting principles
  10. Capital changes:
    1. Paid in
    2. Transferred from surplus (Stock Dividend)
    3. Transferred to surplus
  11. Surplus adjustments:
    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
  15. Aggregate write-ins for gains and losses in surplus

38.

Change in surplus as regards policyholders (Lines 22 through 37)

15,886

194,506

405,721

39.

Surplus as regards policyholders, as of statement date (Lines 21 plus 38)

10,999,171

10,772,069

10,983,285

0501.

DETAILS OF WRITE-INS

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.

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)

3701.

Increase in contingency reserve

3702.

Decrease in contingency reserve

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

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Triad Guaranty Inc. published this content on 13 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2020 21:24:03 UTC