PROPERTY AND CASUALTY COMPANIES-ASSOCIATION EDITION
ANNUAL STATEMENT
For the Year Ended December 31, 2020
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
Country of Domicile
Incorporated/Organized
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
(Street and Number)
Mail Address
Post Office Box 2300
(Street and Number or P.O. Box)
(Area Code) (Telephone Number)
Illinois
, State of Domicile or Port of Entry United States
Illinois
07/30/1987
Commenced Business ,
Winston-Salem, NC, US 27104
336-723-1282
(City or Town, State, Country and Zip Code)
,
Winston-Salem, NC, US 27102-2300
(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
(Name)
(Area Code) (Telephone Number) (Extension)
rshields@tgic.com
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 2020 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN
REHABILITATION
ASSETS
Current Year
Prior Year
1
Assets
2
Nonadmitted Assets
3
Net Admitted Assets
(Cols. 1 - 2)
4
Net Admitted
Assets
1. Bonds (Schedule D)
2. Stocks (Schedule D):
2.1 Preferred stocks
2.2 Common stocks
3. Mortgage loans on real estate (Schedule B):
3.1 First liens
3.2 Other than first liens
4. 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)
12. Subtotals, cash and invested assets (Lines 1 to 11)
13. Title plants less $ only)
charged off (for Title insurers
14. Investment income due and accrued
15. Premiums and considerations:
15.1 Uncollected premiums and agents' balances in the course of collection
15.2 Deferred premiums, agents' balances and installments booked butdeferred and not yet due (including $ but unbilled premiums)
earned
15.3 Accrued retrospective premiums ($ ) and contracts subject to redetermination ($ )
16. Reinsurance:
16.1 Amounts recoverable from reinsurers
16.2 Funds held by or deposited with reinsured companies
16.3 Other amounts receivable under reinsurance contracts
17. Amounts receivable relating to uninsured plans
18.1 Current federal and foreign income tax recoverable and interest thereon
18.2 Net deferred tax asset
19. Guaranty funds receivable or on deposit
20. Electronic data processing equipment and software
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
24. Health care ($
) and other amounts receivable
25. Aggregate write-ins for other-than-invested assets
26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25)
27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts
28. Total (Lines 26 and 27)
75,823,296
75,823,296
79,618,310
11,067,548
11,067,548
10,983,284
7,308,301
7,308,301
4,519,285
143
143
94,199,288
94,199,288
95,120,879
612,238
707,504
2,977,882
612,238
707,504
2,977,882
670,608
947,692
4,871,423
23,215
23,215
(481)
15,173
15,173
24,757
(432)
(432)
98,534,868
98,534,868
101,634,878
98,534,868
98,534,868
101,634,878
DETAILS OF WRITE-INS
1101.
1102.
1103.
1198.
1199.
Summary of remaining write-ins for Line 11 from overflow page Totals (Lines 1101 through 1103 plus 1198) (Line 11 above)
2501.
2502.
2503.
2598.
2599.
Summary of remaining write-ins for Line 25 from overflow page Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)
2
ANNUAL STATEMENT FOR THE YEAR 2020 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN
REHABILITATION
LIABILITIES, SURPLUS AND OTHER FUNDS
1 Current Year
2 Prior Year
1. Losses (Part 2A, Line 35, Column 8)
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)
4. Commissions payable, contingent commissions and other similar charges
5. Other expenses (excluding taxes, licenses and fees)
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))
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
$ 1,756 and including warranty reserves of $ health experience rating refunds including $
and accrued accident and for medical loss ratio rebate per the Public Health
Service Act)
10. Advance premium
11. Dividends declared and unpaid:
11.1 Stockholders
11.2 Policyholders
12. Ceded reinsurance premiums payable (net of ceding commissions)
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
15. Remittances and items not allocated
16. Provision for reinsurance (including $
certified) (Schedule F, Part 3, Column 78)
17. Net adjustments in assets and liabilities due to foreign exchange rates
18. Drafts outstanding
19. Payable to parent, subsidiaries and affiliates
20. Derivatives
21. Payable for securities
22. Payable for securities lending
23. 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)
27. Protected cell liabilities
28. Total liabilities (Lines 26 and 27)
29. Aggregate write-ins for special surplus funds
30. Common capital stock
31. Preferred capital stock
32. Aggregate write-ins for other-than-special surplus funds
33. Surplus notes
34. Gross paid in and contributed surplus
35. Unassigned funds (surplus)
36. Less treasury stock, at cost:
36.1 36.2
shares common (value included in Line 30 $
)shares preferred (value included in Line 31 $ )
37. Surplus as regards policyholders (Lines 29 to 35, less 36) (Page 4, Line 39)
38. Totals (Page 2, Line 28, Col. 3)
74,898,946
63,027,937
2,019,926
1,017,552
8,525,000
8,525,000
358,282
358,282
493,733
638,296
109,481
108,224
408,178 242,231
397,611 152,999
125
774,006,562 861,062,339
769,750,114 843,976,140
861,062,339
843,976,140
3,500,000
3,500,000
25,000,000 105,215,928 (896,243,399)
25,000,000 105,215,928 (876,057,190)
(762,527,471)
(742,341,262)
98,534,868
101,634,878
DETAILS OF WRITE-INS
2501. Deferred Premium Refund
2502. Deferred Payment Obligation, including carry charges
2503. Rescinded Premium Payable
2598. Summary of remaining write-ins for Line 25 from overflow page
2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)
4,851,902 768,942,334 212,326
4,132,701 765,293,288 324,125
774,006,562
769,750,114
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 2020 OF THE TRIAD GUARANTY INSURANCE CORPORATION, IN
REHABILITATION
STATEMENT OF INCOME
1 Current Year
2 Prior Year
UNDERWRITING INCOME
1. Premiums earned (Part 1, Line 35, Column 4)
DEDUCTIONS:
2. Losses incurred (Part 2, Line 35, Column 7)
3. Loss adjustment expenses incurred (Part 3, Line 25, Column 1)
4. Other underwriting expenses incurred (Part 3, Line 25, Column 2)
5. Aggregate write-ins for underwriting deductions
6. Total underwriting deductions (Lines 2 through 5)
7. Net income of protected cells
8. Net underwriting gain (loss) (Line 1 minus Line 6 plus Line 7)
INVESTMENT INCOME
9. Net investment income earned (Exhibit of Net Investment Income, Line 17)
10. (Exhibit of Capital Gains (Losses))
11.
Net realized capital gains (losses) less capital gains tax of $ Net investment gain (loss) (Lines 9 + 10)
OTHER INCOME
12. Net gain (loss) from agents' or premium balances charged off (amount recovered $
amountcharged off $
)
13. Finance and service charges not included in premiums
14. Aggregate write-ins for miscellaneous income
15. Total other income (Lines 12 through 14)
16. Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes (Lines 8 + 11 + 15)
17. Dividends to policyholders
18. Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes (Line 16 minus Line 17)
19. Federal and foreign income taxes incurred
20. Net income (Line 18 minus Line 19) (to Line 22)
CAPITAL AND SURPLUS ACCOUNT
21. Surplus as regards policyholders, December 31 prior year (Page 4, Line 39, Column 2)
22. Net income (from Line 20)
23. Net transfers (to) from Protected Cell accounts
24. Change in net unrealized capital gains or (losses) less capital gains tax of $
25. Change in net unrealized foreign exchange capital gain (loss)
26. Change in net deferred income tax
27. Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 28, Col. 3)
28. Change in provision for reinsurance (Page 3, Line 16, Column 2 minus Column 1)
29. Change in surplus notes
30. Surplus (contributed to) withdrawn from protected cells
31. Cumulative effect of changes in accounting principles
32. Capital changes:
32.1 Paid in
32.2 Transferred from surplus (Stock Dividend)
32.3 Transferred to surplus
33. Surplus adjustments:
33.1 Paid in
33.2 Transferred to capital (Stock Dividend)
33.3 Transferred from capital
34. Net remittances from or (to) Home Office
35. Dividends to stockholders
36. Change in treasury stock (Page 3, Lines 36.1 and 36.2, Column 2 minus Column 1)
37. Aggregate write-ins for gains and losses in surplus
38. Change in surplus as regards policyholders for the year (Lines 22 through 37)
39. Surplus as regards policyholders, December 31 current year (Line 21 plus Line 38) (Page 3, Line 37)
13,883,410 25,765,687 2,436,494 8,938,527
16,502,397 3,953,640 1,487,721 5,566,790
37,140,708
11,008,151
(23,257,298)
2,124,505 242,314
5,494,246
2,753,369
(83,217)
2,366,819
2,670,152
1,071
1,071
(20,890,479)
8,165,469
(20,890,479)
(620,007)
8,165,469 (640,121)
(20,270,472)
8,805,590
(742,341,261) (20,270,472)
(751,552,571)
8,805,590
84,262
405,720
(20,186,210)
9,211,310
(762,527,471)
(742,341,261)
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
1402.
1403.
1498. 1499.
Summary of remaining write-ins for Line 14 from overflow page Totals (Lines 1401 through 1403 plus 1498) (Line 14 above)
1,071
1,071
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
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Triad Guaranty Inc. insures mortgage servicers and investors against losses that are incurred when a loan goes into default. The Company supports loss mitigation programs available whether they are administered by the federal government; state government; or mortgage loan servicers or investors. The Company works with the servicer and the borrower for homeowner retention and/or minimization of the loss. The Company provides services, such as mitigation approval process and support for loss mitigation. The Company also provides assistance to its servicers by providing several options for default reporting and claim submission, such as electronic transmission, hard copy mailing and facsimile.
TRIAD GUARANTY INC. 