QUARTERLY STATEMENT
OF THE
STEWART
Title Guaranty Company
of HOUSTON
in the state of TEXAS
TO THE
Insurance Department
OF THE
STATE OF
FOR THE QUARTER ENDED
September 30, 2020
TITLE
2020
TITLE INSURANCE COMPANIES - ASSOCIATION EDITION
QUARTERLY STATEMENT
AS OF SEPTEMBER 30, 2020
OF THE CONDITION AND AFFAIRS OF THE
Stewart Title Guaranty Company
NAIC Group Code 0340 , 0340 NAIC Company Code 50121 Employer's ID Number 74-0924290
(Current Period) (Prior Period)
Organized under the Laws of Texas , State of Domicile or Port of Entry TX
Country of Domicile US
Incorporated/Organized February 20, 1908 Commenced Business March 11, 1913
Statutory Home Office 1360 Post Oak Boulevard , Houston, TX US 77056
(Street and Number) (City or Town, State, Country and Zip Code)
Main Administrative Office 1360 Post Oak Boulevard
(Street and Number)
Houston, TX US 77056 713-625-8044
(City or Town, State, Country and Zip Code) (Area Code) (Telephone Number)
Mail Address P. O. Box 2029 , Houston, TX US 77252
(Street and Number or P.O. Box) (City or Town, State, Country and Zip Code)
Primary Location of Books and Records 1360 Post Oak Boulevard Houston, TX US 77056 713-625-8539
(Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number)
Internet Website Address www.stewart.com
Statutory Statement Contact Kim Peterson 713-625-8044
(Name) (Area Code) (Telephone Number) (Extension)
[email protected] 713-629-2330
(E-Mail Address) (Fax Number)
OFFICERS
Name Title
1. Frederick H Eppinger President and CEO
2. Denise Carraux Secretary
3. Scott Gray Treasurer
VICE-PRESIDENTS
Name Title Name Title
David Hisey Chief Financial Officer John L Killea General Counsel and Chief Compliance Offi
Brad Rable Chief Information Officer Emily Kain Chief Human Resources Officer
Genady Vishnevetsky Chief Information Security Officer Brian K Glaze Corporate Controller, Assistant Treasurer -
Nathaniel D Otis Sr. Vice President - Finance and Director of James L Gosdin Sr. Vice President - Chief Underwriting Cou
Pamela B OBrien Sr. Vice President - Chief Litigation Counsel Ted C Jones Sr. Vice President - Chief Economist
Thomas Konkel Sr. Vice President - Commercial Services Cynthia J Madole Deputy General Counsel
Marty D Albertson Group Senior Vice President Steven M Lessack Group President
Tara Smith Group President - Agency Operations Kim Peterson Asst. Secretary - Treasurer
Mark V Borst Sr. Vice President - Chief Claims Counsel Mary P Thomas Chief Regulatory Counsel and Deputy Chief
DIRECTORS OR TRUSTEES
Frederick H Eppinger John L Killea David Hisey Tara Smith
Brian K Glaze Pamela B O'Brien Steven M Lessack Mary P Thomas
State of Texas
County of Harris 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.
(Signature) (Signature) (Signature)
Frederick H. Eppinger Denise Carraux Scott Gray
(Printed Name) (Printed Name) (Printed Name)
1. 2. 3.
President and CEO Secretary Treasurer
(Title) (Title) (Title)
Subscribed and sworn to before me this a. Is this an original filing? [ X ] Yes [ ] No
day of , 2020 b. If no: 1. State the amendment number
2. Date filed
3. Number of pages attached
50121202020100103
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Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
ASSETS
Current Statement Date
1 2 3 4
Net Admitted December 31
Nonadmitted Assets Prior Year Net
Assets Assets (Cols. 1 - 2) Admitted Assets
1. Bonds 477,195,051 477,195,051 482,627,623
2. Stocks:
2.1 Preferred stocks
2.2 Common stocks 501,776,187 501,776,187 495,728,766
3. Mortgage loans on real estate:
3.1 First liens 29,035 29,035 178,980
3.2 Other than first liens
4. Real estate:
4.1
0
...........
Properties occupied by the company (less $ encumbrances)
4.2
0
...........
Properties held for the production of income (less $ encumbrances)
4.3
0
...........
Properties held for sale (less $ encumbrances) 411 411 411
5.
171,573,278
...........
839,258
...........
Cash ($ ), cash equivalents ($ ), and short-term
0
...........
investments ($ ) 172,412,536 172,412,536 138,794,251
6.
0
...........
Contract loans (including $ premium notes)
7. Derivatives
8. Other invested assets
9. Receivables for securities
10. Securities lending reinvested collateral assets
11. Aggregate write-ins for invested assets
12. Subtotals, cash and invested assets (Lines 1 to 11) 1,151,413,220 1,151,413,220 1,117,330,031
13.
0
...........
Title plants less $ charged off (for Title insurers only) 6,688,646 100,001 6,588,645 6,588,645
14. Investment income due and accrued 3,432,142 73,384 3,358,758 4,392,155
15. Premiums and considerations:
15.1 Uncollected premiums and agents' balances in the course of collection 33,416,789 1,392,117 32,024,672 32,051,888
15.2 Deferred premiums, agents' balances and installments booked but deferred
0
...........
and not yet due (including $ earned but unbilled premiums)
15.3
0
...........
Accrued retrospective premiums ($ ) and contracts
0
...........
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 384,615 14,643 369,972 1,141,231
17. Amounts receivable relating to uninsured plans
18.1 Current federal and foreign income tax recoverable and interest thereon 402,583
18.2 Net deferred tax asset 16,896,288 6,064,540 10,831,748 11,460,623
19. Guaranty funds receivable or on deposit
20. Electronic data processing equipment and software 1,050,921 740,773 310,148 657,905
21.
0
...........
Furniture and equipment, including health care delivery assets ($ ) 1,723,229 450,377 1,272,852 1,490,696
22. Net adjustment in assets and liabilities due to foreign exchange rates 9,880,858 9,880,858 7,460,574
23. Receivables from parent, subsidiaries and affiliates 15,558,529 2,351,752 13,206,777 2,946,824
24.
0
...........
Health care ($ ) and other amounts receivable 727,972 727,972 505,838
25. Aggregate write-ins for other-than-invested assets 7,730,557 5,803,171 1,927,386 1,692,665
26. Total assets excluding Separate Accounts, Segregated Accounts and
Protected Cell Accounts (Lines 12 to 25) 1,248,903,766 16,990,758 1,231,913,008 1,188,121,658
27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts
28. Total (Lines 26 and 27) 1,248,903,766 16,990,758 1,231,913,008 1,188,121,658
DETAILS OF WRITE-IN LINES
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. Other nonadmitted assets 5,526,648 5,526,648
2502. State tax credits 1,339,677 1,339,677 1,082,895
2503. Other assets & deposits 864,232 276,523 587,709 609,770
2598. Summary of remaining write-ins for Line 25 from overflow page
2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) 7,730,557 5,803,171 1,927,386 1,692,665
NONE
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Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
LIABILITIES, SURPLUS AND OTHER FUNDS
1 2
Current December 31
Statement Date Prior Year
1. Known claims reserve 49,157,410 54,607,473
2. Statutory premium reserve 472,419,925 458,420,350
3. Aggregate of other reserves required by law
4. Supplemental reserve
5. Commissions, brokerage and other charges due or accrued to attorneys, agents and real estate brokers
6. Other expenses (excluding taxes, licenses and fees) 31,444,642 38,072,894
7. Taxes, licenses and fees (excluding federal and foreign income taxes) 6,779,651 6,972,923
8.1
(3,015)
...........
Current federal and foreign income taxes (including $ on realized capital gains (losses)) 10,203,785 8,091,610
8.2 Net deferred tax liability
9.
0
...........
0
...........
Borrowed money $ and interest thereon $
10. Dividends declared and unpaid
11. Premiums and other consideration received in advance
12. Unearned interest and real estate income received in advance
13. Funds held by company under reinsurance treaties
14. Amounts withheld or retained by company for account of others
15. Provision for unauthorized and certified reinsurance
16. Net adjustment in assets and liabilities due to foreign exchange rates
17. Drafts outstanding
18. Payable to parent, subsidiaries and affiliates 967,141 2,981,793
19. Derivatives
20. Payable for securities 278,790
21. Payable for securities lending
22. Aggregate write-ins for other liabilities 974,486 1,073,244
23. Total liabilities (Lines 1 through 22) 572,225,830 570,220,287
24. Aggregate write-ins for special surplus funds 501,405 501,405
25. Common capital stock 8,500,000 8,500,000
26. Preferred capital stock
27. Aggregate write-ins for other-than-special surplus funds
28. Surplus notes
29. Gross paid in and contributed surplus 207,561,483 204,574,622
30. Unassigned funds (surplus) 443,124,290 404,325,344
31. Less treasury stock, at cost:
31.1
0
...........
0
...........
shares common (value included in Line 25 $ )
31.2
0
...........
0
...........
shares preferred (value included in Line 26 $ )
32. Surplus as regards policyholders (Lines 24 to 30 less 31) 659,687,178 617,901,371
33. Totals (Page 2, Line 28, Col. 3) 1,231,913,008 1,188,121,658
DETAILS OF WRITE-INS
0301.
0302.
0303.
0398. Summary of remaining write-ins for Line 03 from overflow page
0399. Totals (Lines 0301 through 0303 plus 0398) (Line 03 above)
2201. Deferred rent 886,490 970,326
2202. Reinsurance payable 87,996 102,918
2203.
2298. Summary of remaining write-ins for Line 22 from overflow page
2299. Totals (Lines 2201 through 2203 plus 2298) (Line 22 above) 974,486 1,073,244
2401. Surplus arising from increase in book value of title plants 501,384 501,384
2402. Mineral interest-assigned value 21 21
2403.
2498. Summary of remaining write-ins for Line 24 from overflow page
2499. Totals (Lines 2401 through 2403 plus 2498) (Line 24 above) 501,405 501,405
2701.
2702.
2703.
2798. Summary of remaining write-ins for Line 27 from overflow page
2799. Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)
NONE
NONE
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Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
OPERATIONS AND INVESTMENT EXHIBIT
1 2 3
STATEMENT OF INCOME Current Year Prior Year Prior Year Ended
To Date To Date December 31
OPERATING INCOME
1. Title insurance and related income:
1.1 Title insurance premiums earned 1,116,097,095 970,845,799 1,333,705,788
1.2 Escrow and settlement services 16,801,143 11,978,559 17,698,658
1.3 Other title fees and service charges 29,707,901 31,224,906 46,093,615
2. Aggregate write-ins for other operating income
3. Total Operating Income (Lines 1 through 2) 1,162,606,139 1,014,049,264 1,397,498,061
EXPENSES:
4. Losses and loss adjustment expenses incurred 48,709,760 58,908,700 79,624,340
5. Operating expenses incurred 1,048,390,843 924,559,512 1,281,232,270
6. Aggregate write-ins for other operating expenses
7. Total Operating Expenses 1,097,100,603 983,468,212 1,360,856,610
8. Net operating gain or (loss) (Lines 3 minus 7) 65,505,536 30,581,052 36,641,451
INVESTMENT INCOME
9. Net investment income earned 20,818,552 10,653,941 14,502,606
10.
(3,015)
...........
Net realized capital gains (losses) less capital gains tax of $ (281,392) 109,386 2,236,249
11. Net investment gain (loss) (Lines 9 + 10) 20,537,160 10,763,327 16,738,855
OTHER INCOME
12. Aggregate write-ins for miscellaneous income or (loss) or other deductions 1,161,792 163,440 (1,214,981)
13. Net income, after capital gains tax and before all other federal income taxes (Lines 8 + 11 + 12) 87,204,488 41,507,819 52,165,325
14. Federal and foreign income taxes incurred 17,663,191 10,778,221 13,829,264
15. Net income (Lines 13 minus 14) 69,541,297 30,729,598 38,336,061
CAPITAL AND SURPLUS ACCOUNT
16. Surplus as regards policyholders, December 31 prior year 617,901,371 574,837,386 574,837,386
17. Net income (from Line 15) 69,541,297 30,729,598 38,336,061
18.
0
...........
Change in net unrealized capital gains or (losses) less capital gains tax of $ 5,233,392 10,821,587 (3,150,231)
19. Change in net unrealized foreign exchange capital gain (loss) (3,132,723) 3,726,139 7,089,783
20. Change in net deferred income taxes 1,426,119 (907,377) (2,757,593)
21. Change in nonadmitted assets (4,269,139) (2,108,974) 2,561,558
22. Change in provision for unauthorized and certified reinsurance
23. Change in supplemental reserves
24. Change in surplus notes
25. Cumulative effect of changes in accounting principles
26. Capital Changes:
26.1 Paid in
26.2 Transferred from surplus (Stock Dividend)
26.3 Transferred to surplus
27. Surplus Adjustments:
27.1 Paid in 2,986,861 2,501,209 984,407
27.2 Transferred to capital (Stock Dividend)
27.3 Transferred from capital
28. Dividends to stockholders (30,000,000)
29. Change in treasury stock
30. Aggregate write-ins for gains and losses in surplus
31. Change in surplus as regards policyholders for the year (Lines 17 through 30) 41,785,807 44,762,182 43,063,985
32. Surplus as regards policyholders as of statement date (Lines 16 plus 31) 659,687,178 619,599,568 617,901,371
DETAILS OF WRITE-IN LINES
0201.
0202.
0203.
0298. Summary of remaining write-ins for Line 02 from overflow page
0299. Totals (Lines 0201 through 0203 plus 0298) (Line 02 above)
0601.
0602.
0603.
0698. Summary of remaining write-ins for Line 06 from overflow page
0699. Totals (Lines 0601 through 0603 plus 0698) (Line 06 above)
1201. Title Plant rent income 607,040 5,342 762,109
1202. Miscellaneous income 456,339 571,618 (1,597,585)
1203. Ceded reimbursement from agents 165,704 93 50,543
1298. Summary of remaining write-ins for Line 12 from overflow page (67,291) (413,613) (430,048)
1299. Totals (Lines 1201 through 1203 plus 1298) (Line 12 above) 1,161,792 163,440 (1,214,981)
3001. True-up of current taxes owed the company pursuant to tax sharing agreement
3002.
3003.
3098. Summary of remaining write-ins for Line 30 from overflow page
3099. Totals (Lines 3001 through 3003 plus 3098) (Line 30 above)
NONE
NONE
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Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
CASH FLOW
1 2 3
Cash from Operations Current Year Prior Year Prior Year
To Date To Date Ended December 31
1. Premiums collected net of reinsurance 1,130,861,538 963,750,032 1,338,429,424
2. Net investment income 24,245,006 15,748,245 19,360,421
3. Miscellaneous income 47,675,447 43,365,396 62,575,783
4. Total (Lines 1 to 3) 1,202,781,991 1,022,863,673 1,420,365,628
5. Benefit and loss related payments 48,159,823 51,294,690 69,062,871
6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts
7. Commissions, expenses paid and aggregate write-ins for deductions 1,073,478,525 944,112,832 1,264,625,481
8. Dividends paid to policyholders
9.
0
..........
Federal and foreign income taxes paid (recovered) net of $ tax on capital gains (losses) 15,145,418 9,024,114 15,524,395
10. Total (Lines 5 through 9) 1,136,783,766 1,004,431,636 1,349,212,747
11. Net cash from operations (Line 4 minus Line 10) 65,998,225 18,432,037 71,152,881
Cash from Investments
12. Proceeds from investments sold, matured or repaid:
12.1 Bonds 62,157,737 51,277,713 80,844,140
12.2 Stocks 586,528 1,805,324 3,490,033
12.3 Mortgage loans 149,945 9,926 14,056
12.4 Real estate 3,109 3,109
12.5 Other invested assets 561,389 13,802 31,386
12.6 Net gains (or losses) on cash, cash equivalents and short-term investments
12.7 Miscellaneous proceeds
12.8 Total investment proceeds (Lines 12.1 to 12.7) 63,455,599 53,109,874 84,382,724
13. Cost of investments acquired (long-term only):
13.1 Bonds 64,356,379 71,678,271
13.2 Stocks 1,479,160 2,462,671 23,550,823
13.3 Mortgage loans
13.4 Real estate
13.5 Other invested assets
13.6 Miscellaneous applications
13.7 Total investments acquired (Lines 13.1 to 13.6) 65,835,539 2,462,671 95,229,094
14. Net increase (or decrease) in contract loans and premium notes
15. Net cash from investments (Line 12.8 minus Line 13.7 and Line 14) (2,379,940) 50,647,203 (10,846,370)
Cash from Financing and Miscellaneous Sources
16. 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 30,000,000
16.6 Other cash provided (applied)
17. Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus
Line 16.5 plus Line 16.6) (30,000,000)
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
18. Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) 33,618,285 69,079,240 60,306,511
19. Cash, cash equivalents and short-term investments:
19.1 Beginning of year 138,794,251 78,487,740 78,487,740
19.2 End of period (Line 18 plus Line 19.1) 172,412,536 147,566,980 138,794,251
Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0001 Line 13.2 includes non-cash contributions to affiliates 702,866 613,110 984,407
20.0002
20.0003
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1 Accounting Practices
A.
SSAP# F/S Page F/S Line#
9/30/2020
12/31/2019
Net Income(loss), Texas State Basis XXX XXX XXX 69,541,297$ 38,336,061$
State Prescribed Practices:
Statutory Premium Reserve Recovery, net of tax 57 4 1.1 700,904$ 276,934$
State Permitted Practices: -$ -$
Net Income(loss), NAIC SAP XXX XXX XXX 70,242,201$ 38,612,995$
Statutory Surplus, Texas State Basis 659,687,178$ 617,901,371$
State Prescribed Practices:
Statutory Premium Reserve Recovery, net of tax 57 3 30 42,334,484$ 41,633,580$
Furniture & Fixtures 19 1 21 (1,272,852)$ (1,490,696)$
Real Estate 40 1 4.3 (411)$ (411)$
State Permitted Practices: -$ -$
Statutory Surplus, NAIC SAP XXX XXX XXX 700,748,399$ 658,043,844$
B. Use of Estimates in the Preparation of the Financial Statements
C. Accounting Policies
In addition, the company uses the following accounting policies:
(1)
Short-term investments are stated at cost.
(2)
Bonds not backed by other loans are stated at amortized cost using the scientific method.
(3)
Unaffiliated common stocks are stated at market except investments in stocks that are not publicly traded, are valued at zero or cost.
(4)
Investments in Preferred stock, excluding investments in preferred stock of subsidiary, controlled, or affiliated entities - None.
(5)
Mortgage loans on real estate are stated at the aggregate unpaid balance.
(6)
Loan-backed securities, if any, are valued at amortized cost using the retrospective method.
(7)
(8)
The Company has no ownership interest in any joint venture or limited liability companies.
of Insurance.
financial condition and results of operations of a title insurance company, for determining its solvency under the Texas Insurance Law. The National
Association of Insurance Commissioners' (the NAIC) Accounting Practices and Procedures Manual , (NAIC SAP) has been adopted as a component of
prescribed or permitted practices by the state of Texas. The state has adopted certain prescribed accounting practices that differ from those found in NAIC SAP.
Specifically, (A) the timing of amounts released from the statutory premium reserve under the Texas Code Section 2551.253, (B) home office furniture and
fixtures acquired after December 31, 2000 is an admitted asset as permitted by Texas Administrative Code 7.18 section (c)(3), depreciated in full over a period
not to exceed five years. Home office fixed assets acquired prior to January 1, 2001 are an admitted asset as permitted by Texas Insurance Code Articles 3.01,
6.12, 8.07 and any other applicable laws, and shall be depreciated in full over a period not to exceed ten years. In NAIC SAP 19, furniture and fixtures are not
admissible. (C) real-estate owned prior to October 1, 1967 continue to qualify as an admitted asset per Texas Insurance Code Article 2551.151. In NAIC SAP
40, appraisals must be no more than five years old or the property will not be admitted.
the reported amounts of assets and liabilities. It also requires disclosure of contingent assets and liabilities at the date of the financial statements and the reported
amounts of revenue and expenses during the period. Actual results could differ from those estimates.
policies written by agents are recognized primarily when policies are reported to the Company. In addition, where reasonable estimates can be made, the
Company accrues for policies issued but not reported until after period end. The Company believes that reasonable estimates can be made when recent and
consistent policy issuance information is available. Estimates are based on historical reporting patterns and other information obtained about agencies, as well as
current trends in direct operations and in the title industry. In this accrual, future transactions are not being estimated. The Company is estimating revenues on
policies that have already been issued by agencies but not yet reported to or received by the Company. The Company has consistently followed the same basic
method of estimating unreported policy revenues for more than 10 years. The Company assumes and cedes reinsurance with various title companies, on an
individual basis, utilizing standard facultative agreements provided by the American Land Title Association and also has in effect several excess reinsurance
agreements wherein the Company assumes or may cede liability automatically under the terms of the treaty. In addition, the Company has in place an excess of
loss ceded reinsurance agreement which is on a claims made basis. Statutory Premium Reserves (SPR) are established to protect title insurance policyholders in
the event of insolvency or dissolution of a title insurer. SPR is computed based on Article 2551.253 of the Texas Insurance Code. Expenses incurred in
connection with issuing the policies, including the establishment of statutory premium reserves, are charged to operations as an expense in the current period.
The Company owns 100% of Stewart Title Insurance Company, a title insurance company, which is valued based on SSAP 97, Section 8(b)(i) of the NAIC
Accounting Practices and Procedures Manual .
The Company owns 100% of the common stock of Stewart Title Company, a non-insurance company. This stock is valued on the audited GAAP equity
basis as described in the NAIC Accounting Practices and Procedures Manual SSAP 97, section 8(b)(iii).
The Company owns 100% of Stewart Title Limited (UK) and 99.99% of Stewart Title Guaranty de Mexico, S.A., which are foreign title insurance
companies. These investments are valued based on SSAP 97, Section 8(b)(iv) of the NAIC Accounting Practices and Procedures Manual .
The Company owns 10.16% of Title Reinsurance Company, a reinsurance company that provides primary liability insurance, which is valued based on
SSAP 97, Section 8(b)i.
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6
(9)
Derivatives - None
(10)
Anticipated investment income used as a factor in the premium deficiency calculation. - Not applicable
(11)
(12)
The Company has not modified its capitalization policy from the prior period.
2.
Accounting Changes and Corrections of Errors
A. There were no material changes in accounting principles.
B.
3.
Business Combinations and Goodwill - Not Applicable
4.
Discontinued Operations - Not Applicable
5.
Investments
A. Mortgage Loans
(1)
(2)
(3)
Current Prior
Year Year
(4)
29,035$ -
1,122$ -
(5)
- -
(6)
- -
(7)
- -
(8)
- -
(9)
- -
(10)
- -
(11)
(12) Recognizing interest income on impaired loans - Not applicable
B. Debt Restructuring - Not applicable
C. Reverse Mortgages - Not applicable
D. Loan-Backed Securities - Not applicable
E. Dollar Repurchase Agreements and/or Securities Lending Transactions - Not applicable
F. Repurchase Agreements Transactions Accounted for as Secured Borrowing - Not applicable
G. Reverse Repurchase Agreements Transactions Accounted for as Secured Borrowing - Not applicable
H. Repurchase Agreements Transactions Accounted for as a Sale - Not applicable
I. Reverse Repurchase Agreements Transactions Accounted for as a Sale - Not applicable
J. Real Estate
(1)
Impairment Loss - Not applicable
.
(2)
a.
The statutory premium reserve is based on Section 2551.253 of the Texas Insurance Code, which was amended with an effective date of September 1,
2005. The amended Section 2551.253 requires the Company to reserve an amount equal to 18.5 cents per $1,000 of net retained liability assumed for
policies written on or after January 1, 2005. Previously, the required reserve was 6.2% of total charges for title policies written or assumed for calendar
year 1997 and 25 cents per $1,000 in net retained liability assumed on or after January 1, 1998 and before January 1, 2005.
The reserve is subsequently reduced by 26% of the addition in the first year succeeding the year of addition, 20% in the second year, 10% in the third year,
9% in the fourth year, 5% in the fifth and sixth years, 3% in the seventh through the ninth year, 2% in the tenth through fourteenth year and 1% in the last
six years.
At December 31, 2019 the total of the Company's known claims reserves and statutory premium reserve was $108.0 million greater than the loss reserve as
stated in Schedule P, column 24, on which the Company's appointed actuary has provided a loss reserve opinion.
Allowance for credit losses - Not applicable
Unpaid losses and loss adjustment expenses include an amount for known claims and a formula-driven statutory premium reserve. Known claim reserves
consist of a reserve for payment of the loss and costs of defense of the insured and other costs expected to be paid to other parties in the defense,
settlement, or processing of the claim under the terms of the title insurance policy for each specific known claim.
Texas requires that insurance companies domiciled in the State of Texas prepare their statutory basis financial statements in accordance with the NAIC
Accounting Practices and Procedures Manual , subject to any deviations prescribed or permitted by the State of Texas insurance commissioner.
principles. The cumulative effect of changes in accounting principles is reported as an adjustment to unassigned funds (surplus) in the period of the change in
accounting principle. The cumulative effect is the difference between the amount of capital and surplus at the beginning of the year and the amount of capital
and surplus that would have been reported at that date if the new accounting principles had been applied retroactively for all prior periods. There were no
None
The maximum percentage of any one loan to the value of security at the time of the loan, exclusive of insured or guaranteed or purchase money mortgages
was 110%.
The maximum and minimum lending rates for real estate loans are 7.75% and 4.0%.
At September 30, 2020, the Company held mortgage loans with interest more than 180 days past due with a recorded
investment excluding accrued interest of:
Taxes, assessments and any amounts advances and not included in the mortgage loan total.
Amount of interest income recognized on a cash basis during the period the loans were impaired.
Average recorded investment in impaired loans.
Interest income recognized during the period on loans impaired.
Impaired mortgage loans without an allowance for credit losses.
Current year impaired loans with related allowance for credit losses.
Total interest due on mortgages with interest more than 180 days past due equals:
Sold or Held for Sale
In the ordinary course of business, the Company occasionally acquires real estate in settlement of claims. It is not the Company's
intention to hold these properties for investment or administrative purposes, but rather to dispose of them as market conditions
warrant. These properties are disclosed on Schedule A, Part 1 of the Annual Statement.
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.1
(3)
Changes to plans for sale - Not applicable
(4)
Retail land sales - Not applicable
(5)
Participating mortgage loan features - Not applicable
K. Low-Income Housing Tax Credits (LIHTC) - Not applicable
L. Restricted Assets - Refer to General Interrogatories Part 2; No 9.2.
M. Working Capital Finance Investments - Not applicable
N. Offsetting and Netting of Assets and Liabilities - Not applicable
O. 5GI Securities - Not applicable
P. Short Sales - Not applicable
Q. Prepayment Penalty and Acceleration fees:
General Account
1 Number of CUSIPs
2
2 Aggregate Amount of Investment Income 127,523$
6.
Joint Ventures, Partnerships and Limited Liability Companies
A.
B.
7.
Investment Income
A.
B.
The total amount excluded at September 30, 2020 was $73,384.
8.
Derivative Instruments
- None
9.
Income Taxes
A.
9/30/2020 12/31/2019
(1)
Ordinary Capital Total Ordinary Capital Total
(a) Total gross deferred tax assets
30,655,374 3,518,520 34,173,894 23,887,999 2,831,702 26,719,701
(b)
(3,527,031) 0 (3,527,031) (3,088,039) 0 (3,088,039)
(c) Adjusted gross deferred tax assets
27,128,343 3,518,520 30,646,863 20,799,960 2,831,702 23,631,662
(d) Deferred tax assets nonadmitted
(2,546,020) (3,518,520) (6,064,540) (1,177,844) (2,831,702) (4,009,546)
(e)
24,582,323 0 24,582,323 19,622,116 0 19,622,116
(f) Deferred tax liabilities
(13,419,259) (331,317) (13,750,576) (6,207,588) (1,953,905) (8,161,493)
(g)
11,163,064 (331,317) 10,831,747 13,414,528 (1,953,905) 11,460,623
Change Change Change
Ordinary Capital Total
(a) Total gross deferred tax assets
6,767,375 686,818 7,454,193
(b)
(438,992) 0 (438,992)
(c)
6,328,383 686,818 7,015,201
(d)
(1,368,176) (686,818) (2,054,994)
(e)
4,960,207 0 4,960,207
(f)
(7,211,671) 1,622,588 (5,589,083)
(g)
(2,251,464) 1,622,588 (628,876)
Statutory Valuation Allowance
Adjustments
Subtotal net admitted deferred tax
Components of the net deferred tax asset
or net deferred tax liability
Net admitted deferred tax assets (net
deferred tax liabilities)
Statutory Valuation Allowance
Adjustments
Adjusted gross deferred tax assets
Deferred tax assets nonadmitted
Subtotal net admitted deferred tax
Deferred tax liabilities
Net admitted deferred tax assets (net
deferred tax liabilities)
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.2
9/30/2020 12/31/2019
(2)
Ordinary Capital Total Ordinary Capital Total
(a)
17,109,028 0 17,109,028 9,332,454 0 9,332,454
(b)
(6,277,280) 0 (6,277,280) 2,128,169 0 2,128,169
(c)
97,222,775 0 97,222,775 90,825,756 0 90,825,756
(d)
(6,277,280) 0 (6,277,280) 2,128,169 0 2,128,169
(e)
13,750,575 0 13,750,575 8,161,493 0 8,161,493
(f)
24,582,323 0 24,582,323 19,622,116 0 19,622,116
Change Capital Change
Ordinary Capital Total
(a)
7,776,574 0 7,776,574
(b)
(8,405,449) 0 (8,405,449)
(c)
6,397,019 0 6,397,019
(d)
(8,405,449) 0 (8,405,449)
(e)
5,589,082 0 5,589,082
(f)
4,960,207 0 4,960,207
(3)
Disclosure of ratios used for threshold limitation for ¶11.b.above
9/30/2020 12/31/2019 Change
(a)
15% 15% 0%
(b)
5% 4% 1%
(c)
648,151,831 605,505,039 42,646,792
(4)
9/30/2020 12/31/2019
Ordinary Capital Total Ordinary Capital Total
Percentage Percentage Percentage Percentage Percentage Percentage
(a)
N/A N/A 0 N/A N/A 0
(b)
N/A N/A 0 N/A N/A 0
Change
Ordinary Capital Total
Percentage
Percentage Percentage
(a)
N/A N/A 0
(b)
N/A N/A 0
(c)
Yes No
X
Federal income taxes paid in prior years
recoverable through loss carrybacks
admitted under ¶11.a.
Adjusted gross DTAs expected to be
realized under ¶11.b.i.
Adjusted gross DTAs allowed per
limitation threshold under ¶11.b.ii.
Adjusted gross DTAs admitted under
¶11.b. (lessor of ¶11.b.i. or¶11.b.ii.
above)
Admission Calculation Components
under ¶11.a.-¶11.c.
Adjusted gross DTAs offset by gross
DTL under ¶11.c.
Net admitted deferred tax
asset/liability under ¶11.a. - ¶11.c.
Ratio percentage used to determine recovery period and threshold limitation amount in ¶11.b.
above.
Other Non-RBC reporting Entities Adj Gross DTA/Adj Capital & Surplus%
Amount of adjusted capital and surplus used to determine recovery period threshold limitation
in ¶11.b. above
Impact of Tax Planning Strategies On
the Determination of: Section 4. Is not
applicable
Adjusted gross DTAs offset by gross
DTLs under ¶11.c.
Net admitted deferred tax
asset/liability under ¶11.a.- ¶11.c.
Federal income taxes paid in prior years
recoverable through loss carrybacks
admitted under ¶11.a.
Adjusted gross DTAs expected to be
realized under ¶11.b.i.
Adjusted gross DTAs allowed per
limitation threshold under ¶11.b.ii.
Adjusted gross DTAs admitted under
¶11.b. (lessor of ¶11.b.i. or¶11.b.ii.
above)
Adjusted Deferred Tax Assets
(Percentage of Total Adjusted Gross
Deferred Tax Assets)
Net Admitted Adjusted Gross Deferred
Tax Assets (Percentage of Total Net
Admitted Adjusted Gross Deferred Tax
Assets)
Adjusted Deferred Tax Assets
(Percentage of Total Adjusted Gross
Deferred Tax Assets)
Net admitted Adjusted Gross Deferred
Tax Assets (Percentage of Total Net
Admitted Adjusted Gross Deferred Tax
Assets)
Do the Company's tax-planning
strategies include reinsurance?
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.3
B.
Unrecognized Deferred Tax Liabilities:
(1)
(2)
(3)
(4)
C.
The significant components of income taxes incurred and the changes in DTAs and DTLs include:
(1) Current tax expenses incurred:
9/30/2020 12/31/2019 Change
(a) Current year federal tax expense(benefit)- ordinary income 12,973,554 7,473,170 5,500,384
(b) Current year foreign tax expense(benefit)- ordinary income 6,022,301 4,843,559 1,178,742
(c) Subtotal 18,995,855 12,316,729 6,679,126
(d) Current year tax expense(benefit)- net realized capital gains(losses) (3,015) 618,440 (621,455)
(e) Change in estimate of income taxes recoverable 0 0 0
(f) True-up current taxes (1,332,664) 1,512,535 (2,845,199)
(g) Federal and foreign income taxes incurred 17,660,176 14,447,704 3,212,472
(2) Deferred income tax assets and liabilities consist of the following major components
Deferred tax assets: 9/30/2020 12/31/2019 Change
Ordinary
(a)
Discounting Statutory Premium Reserve
14,407,135 14,408,525 (1,390)
(b) Discounting Loss Reserve 162,568 185,307 (22,739)
(c) Fixed Assets 0 464,372 (464,372)
(d) Canadian Reserves 0 0 0
(e) Litigation Reserves 99,066 274,362 (175,296)
(f) Bonus Accrual 594,082 937,204 (343,122)
(g) Foreign Tax Credit Carryforward 3,527,031 3,088,039 438,992
(h) Nonadmitted Assets 2,294,506 1,829,535 464,971
(i) Other Accruals 150,077 408,541 (258,464)
(j) Deferred Rent 186,163 203,768 (17,605)
(k) U.S. Deferred Tax Offset to Canadian Tax Liability 8,095,112 730,815 7,364,297
(l) Capitalized Expenses 262,271 1,147,530 (885,259)
(m)
Other 877,364 210,000 667,364
(n) Subtotal 30,655,375 23,887,999 6,767,376
(o) Statutory Valuation Allowance Adjustment (3,527,031) (3,088,039) (438,992)
(p) Nonadmitted ordinary deferred tax assets (2,546,020) (1,177,844) (1,368,176)
(q) Admitted ordinary deferred tax assets 24,582,324 19,622,116 4,960,208
Capital
(r) Unrealized Capital Gains 3,518,520 2,831,702 686,818
(s) Subtotal 3,518,520 2,831,702 686,818
(t) Nonadmitted capital deferred tax assets (3,518,520) (2,831,702) (686,818)
(u) Admitted capital deferred tax assets 0 0 0
(v) Admitted deferred tax assets 24,582,324 19,622,116 4,960,208
(3) Deferred tax liabilities:
9/30/2020 12/31/2019 Change
Ordinary
(a) Canadian Reserves (10,257,663) (928,135) (9,329,528)
(b) Retention Payments (7,231) (7,000) (231)
(c) Bonus Accrual 0 0 0
(d) Intangibles (97,136) (97,136) 0
(e) U.S. Deferred Tax Offset to Canadian Deferred Tax Asset 0 0 0
(f) TCJA Adjustment - SPR discounting (2,613,841) (5,175,317) 2,561,476
(g) Fixed Assets (443,388)
(h) Subtotal (13,419,259) (6,207,588) (6,768,283)
Capital
(i) Unrealized Capital Gains 0 (1,367,067) 1,367,067
(j) Investments (331,317) (586,838) 255,521
(k) Subtotal (331,317) (1,953,905) 1,622,588
(l) Deferred tax liabilities (13,750,576) (8,161,493) (5,145,695)
(4)
Net deferred tax assets (liabilities)
10,831,748 11,460,623 (185,487)
9/30/2020 12/31/2019 Change
Total deferred tax assets 34,173,894 26,719,701 7,454,193
Total deferred tax liabilities (13,750,575) (8,161,493) (5,589,082)
Net deferred tax assets/liabilities 20,423,319 18,558,208 1,865,111
Statutory valuation allowance adjustment (3,527,031) (3,088,039) (438,992)
Net deferred tax assets/liabilities after SVA 16,896,288 15,470,169 1,426,119
Tax effect of unrealized gains(losses) 0 0 0
Statutory valuation allowance adjustment allocated to unrealized 0 0 0
Net deferred tax assets( liabilities) 16,896,288 15,470,169 1,426,119
There is no unrecognized DTL for temporary differences in investments in foreign subsidiaries and corporate JV's that are permanent in duration.
The amount of the DTL for temporary differences other than those in item (3) above that is not recognized is -0-.
The cumulative amount of each type of temporary difference is -0-.
There are no temporary differences for which deferred tax liabilities are not recognized.
The change in the net deferred income taxes is comprised of the following (this analysis is exclusive of the nonadmitted DTAs as the Change in
Nonadmitted Assets is reported separately from the Charge in Net Deferred Income Taxes in the Surplus section of the Annual Statement).
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.4
D.
Reconciliation of federal income tax rate to actual effective rate:
9/30/2020 12/31/2019
Income before taxes 87,201,473 52,783,765
Effective tax rate 21% 21%
Tax Effect 18,312,309 11,084,591
Dividends received deduction (2,167,807) (87,709)
Nondeductible expenses 1,160,962 1,459,335
Tax-exempt interest income (81,286) (118,398)
Foreign income tax expense 6,159,662 4,843,559
Return-to-provision and other true up adjustments (1,569,242) 975,513
Currency translation adjustment (657,872) 1,488,854
U.S. foreign tax credit (4,425,877) (3,231,974)
Change in deferred taxes on non-admitted assets (464,971) 939,287
Other (31,821) (147,760)
Total 16,234,057 17,205,298
Federal and foreign income taxes incurred 17,663,191 13,829,264
Tax on capital gains(losses) (3,015) 618,440
Change in net deferred taxes (1,426,119) 2,757,593
Total statutory taxes 16,234,057 17,205,298
E.
Carryforward recoverable taxes and IRC section 6603 deposits:
As of September 30, 2020, the Company has the following foreign tax credit carryforward available for tax purposes:
Origination Year
Expiration Year
Amount
2020
2030
1,733,785
2019
2029
620,286
2018
2028
1,609,783
Total 3,963,854
The amount of Federal income taxes incurred that are available for recoupment in the event of future losses is:
Ordinary Total
2020 12,833,178 12,833,178
2019 8,091,610 8,091,610
2018 3,198,880 3,198,880
Total 24,123,668 24,123,668
The aggregate amount of deposits admitted under Section 6603 of the Internal Revenue code is $0.
F. Consolidated federal income tax return:
Stewart Information Services Corporation
Stewart Title Company
Stewart Title of Utah, Inc.
Fulghum, Inc.
InterCity Capital Corporation
InterCity Escrow Services
PropertyInfo Corporation
Red River Title Services, Inc.
Stewart Title of Oklahoma, Inc.
Stewart Financial Services, Inc.
Stewart Lender Services, Inc.
Home Retention Services, Inc.
Stewart Title & Settlement Services, Inc.
Stewart Title of California, Inc.
Stewart Title of Lubbock, Inc.
Stewart Title of Maryland, Inc.
Stewart Title of the Coastal Bend, Inc.
Texarkana Title & Abstract Company, Inc.
Yankton Title Company
Asset Preservation, Inc.
Parked Properties NY, Inc.
Stewart Properties of Tampa, Inc.
Stewart Institutional Exchange Services LLC
Stewart Title & Trust of Phoenix
Stewart Title & Trust of Tucson
Landsafe Default, Inc.
Chadco Builders, Inc.
Brazos Insurance Company
SIES OS Holdings LLC
Stewart Title and Escrow, Inc.
API PA Holdings LLC
API NC Holdings I LLC
PPNY MS LLC
Parked OS LLC
API NR 1 LLC
API NR 2 LLC
API NC Holdings II LLC
API NR 3 LLC
API NR 4 LLC
Stewart Title Insurance Company
before income taxes. The significant items causing the difference are as follows:
0
0
0
Capital
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.5
G. Federal or Foreign Income Tax Loss Contingencies
H. Repatriation Transition Tax (RTT)
The Company does not have any tax on untaxed foreign earnings of certain foreign subsidiaries.
I. Alternative Minimum Tax (AMT) Credit
The Company does not have AMT carryforward to recover.
10.
Information Concerning Parent, Subsidiaries and Affiliates
A.
B. & C.
-
D.
E. There are no guarantees or undertakings for the benefit of an affiliate or related party.
F.
detailed in the Eighth Restated Consolidated Federal Income Tax Return Settlement Agreement effective for the tax year 2011 and subsequent years. Such
Agreement was filed previously with the Texas Department of Insurance.
SISCO received notification from the Internal Revenue Service that it's (and therefore the Company's) 2015 tax return was under examination. During February
2019, the IRS indicated it was closing the audit without any adjustments. The Company expects no material adjustments from any tax return examination.
compensation of $637,329. The Company also made net noncash capital contributions to Stewart Title Insurance Company in the amount of $65,534 related to
credit. The terms of the loan required payments of interest only on June 1st, September 1st, December 1st, at published LIBOR rates plus 2% on each of those
dates. During December 2019, the remaining unpaid total of $10,000,000 owed under the line was reclassified as a capital contribution to STC. There was no
Agreement with Stewart Information Services Corporation dated January 1, 1974, as amended by Amendment No. 1, dated January 1, 1980, Amendment No. 2,
dated January 1, 1986, Amendment No. 3, dated January 1, 1991, Amendment No. 4, dated January 1, 1996, Amendment No. 5, dated January 1, 2001,
Amendment No.6, dated June 6, 2005 (HCS # 34302) and Amendment No. 7, dated September 8, 2010 (HCS # 38937).
to computer image for storage and retrieval. Such agreement was filed with the Texas Insurance Department on May 1, 1998, under Holding Company Section
April 13, 2004. Such agreement was filed with the Texas Insurance Department on April 16, 2004, under Holding Company Section # 33343. On September
17, 2007 the Texas Department of Insurance approved the name change from First Data Systems, Inc. to Property Info Corporation.
Agreement dated March 12, 2004. Such agreement was filed with the Texas Insurance Department on April 16, 2004, under Holding Company Section #
33341. On September 17, 2007 the Texas Department of Insurance approved the name change from Stewart Transaction Solutions, Inc. to Property Info
Agreement dated September 15, 2006. Such agreement was filed with the Texas Insurance Department on September 15, 2006, under Holding Company Section
# 35343. On September 17, 2007 the Texas Department of Insurance approved the name change from Stewart Transactions Solutions, Inc. to Property Info
dated January 1, 2000 which replaced the original service agreement, dated February 16, 1978. Such Agreement was filed with the Texas Insurance Department
on February 3, 2000, under Holding Company Section # 30240. The Service Agreement was further amended effective March 12, 2004, under HCS # 33340,
and effective October 1, 2004, under HCS # 33907. On September 17, 2007 the Texas Department of Insurance approved the name change from Landata
dated April 16, 2004. Such agreement was filed with the Texas Insurance Department on April 19, 2004, under Holding Company Section # 33342. On
September 17, 2007 the Texas Department of Insurance approved the name change from Ultima Corporation to Property Info Corporation.
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.6
G.
H.
I.
J.
the Service Agreement dated July 13, 2005. Such agreement was filed with the Texas Insurance Department on July 15, 2005, under Holding Company Section
# 34337. On September 17, 2007 the Texas Department of Insurance approved the name change from REI Data, Inc. to Property Info Corporation.
2007. Such agreement was filed with the Texas Insurance Department on September 1, 2007, under Holding Company Section # 36180.
Insurance Department on September 28, 2010, under Holding Company Section # 38962.
on November 18, 2010, under Holding Company Section # 39234.
Insurance Department on February 7, 2011, under Holding Company Section # 39430.
with the Texas Insurance Department on August 4, 2011, under Holding Company Section # 39821.
2005. Such agreement was filed with the Texas Insurance Department on May 11, 2005, under Holding Company Section # 34216, as amended by Amendment
No. 1 and 2, dated August 2, 2006 (HCS # 35205). On September 17, 2007 the Texas Department of Insurance approved the name change from REI Data, Inc.
Such agreement was filed with the Texas Insurance Department on October 10, 2006, under Holding Company Section # 35368 as amended February 22, 2008
under Holding Company Section # 36551. On September 17, 2007 the Texas Department of Insurance approved the name change from REI Data, Inc. to
Agreement dated March 13, 2006. Such agreement was filed with the Texas Insurance Department on July 19, 2006, under Holding Company Section # 35118.
4, 2007, under Holding Company Section # 35818, as amended by Amendment No. 1 dated July 9, 2009 under Holding Company Section # 37726.
April 21, 2010, under Holding Company Section # 38524, dated January 28, 2010, as amended by Amendment No. 1 dated December 15, 2010 under Holding
Company Section # 39311.
of copies of back title plants in Bexar County, Texas as described in the agreement dated February 12, 2008. Such agreement was filed with the Texas Insurance
Department on February 28, 2008, under Holding Company Section # 36550.
Texas Insurance Department on January 13, 2016 under Holding Company Section #991407.
Delaware.
Company. The Company carries Stewart Title Company at GAAP equity value adjusted for the elimination of parent company stock. The statement value and
GAAP equity value of Stewart Title Company as of December 31, 2019 and 2018 was $356,673,000 and $363,555,000, respectively.
Department on October 22, 2012, under Holding Company Section # 40916. It was filed and non-disapproved by the New York State Department of Financial
March 12, 2013. Such agreement was filed with the Texas Insurance Department on April 3, 2013, under Holding Company Section # 939040.
with the Texas Insurance Department under Holding Company Section #37856.
Insurance Department under Holding Company Section #38794.
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.7
K. and L.
-
Not applicable
M.
All SCA Investments
(1) Balance Sheet Value (Admitted and Nonadmitted) A11 SCA's (Except 8bi Entities)
Percentage
of SCA
SCA Entity
Ownership
Gross Amount
Admitted
Amount
Non-Admitted
Amount
(a) SSAP No. 97 8a Entities
Total SSAP No. 97 8a Entities XXX
(b) SSAP No. 97 8b(ii) Entities
Total SSAP No. 97 8b(ii) Entities XXX
(c) SSAP No. 97 8b(iii) Entities
01. Stewart Title Company 100.00%
370,751,329$ 370,751,329$
-$
Total SSAP No. 97 8b(iii) Entities XXX
370,751,329$ 370,751,329$ -$
(d) SSAP No. 97 8b(iv) Entities
01. Stewart Title Limited 100.00% 36,154,427$ 36,154,427$ -$
02. Stewart Title Guaranty de Mexico 99.99% 3,401,473$ 3,401,473$ -$
Total SSAP No. 97 8b(iv) Entities
39,555,900$ 39,555,900$ -$
(e) Total SSAP No. 97 8b Entities (except 8bi entities)) (b+c+d)
410,307,229$ 410,307,229$ -$
(f) Aggregate Total (a+e)
410,307,229$ 410,307,229$
-$
(2) NAIC Filing Response Information
None of the above listed entries were required to be filed with the NAIC.
N.
Investment in Insurance SCAs
(1)
11.
Debt - None
12. Retirement Plans, Deferred Compensation, Postemployment Benefits & Compensated Absences & Other Postretirement Benefit Plans
A.
Defined Benefit Plan - None
B.
C.
Fair Value of Plan Assets - Not applicable
D.
Expected Long-term Rate of Return - Not applicable
E.
None
F.
None
G.
At September 30, 2020 plan assets totaled $425,764,105 including vested benefits of $423,793,845.
H.
Post Employment Benefits and Compensated Absences - Not applicable
I.
Impact of Medicare Modernization Act on Postretirement Benefits - Not applicable
13.
Capital and Surplus, Dividend Restrictions and Quasi-Reorganizations
1.
The Company has 750,000 shares of Class B common stock authorized, issued and outstanding.
The par value per share is $2.
2.
The Company has no preferred stock.
3.
4.
The Company's investment in Stewart Title Insurance Company, which is domiciled in the state of New York, qualifies under paragraph 8.b.i. of SSAP 97.
New York has adopted certain prescribed accounting practices that differ from those found in NAIC SAP. Specifically, the timing of amounts released
from the statutory premium reserve and in the amortization of investments in title plants. As of December 31, 2019 the differences would have resulted in
an increase to surplus of the SCA entity of $23,800,726 had it completed statutory financial statements per the AP&P Manual (without permitted or
prescribed practices). There has been no material change since year end.
a specified percentage of their compensation. Contribution by participants whose compensation is in the highly compensated group of all employees is subject
to certain additional limitations under Section 401(k) of the Internal Revenue Code. Deferred compensation is contributed to a trust managed for the benefit of
the participants. The Plan also offers a Roth 401(k) feature where the participant can choose to make after-tax contributions.
Commissioner must be notified of any dividend declared, and any dividend in excess of the statutory maximum of 20% of surplus would be, by regulation,
considered extraordinary and subject to pre-approval. The maximum dividend to the Company's parent that can be paid after such approval in 2020 is $115.0
million.
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.8
5.
Except as noted in (3) above, there are no restrictions placed on the portion of Company profits that may be paid as ordinary dividends to shareholders.
6.
7.
Advances to surplus not repaid - Not applicable
8.
Total Amount of Stock Held by the Reporting Entity - Not applicable
9.
Changes in the balances of any special surplus funds from the prior period - Not applicable
10.
11.
Surplus Notes - Not applicable
12.
Impact of quasi-reorganization - Not applicable
13.
Date of quasi-reorganization - Not applicable
14.
Contingencies
A.
Contingent Commitments - None
B.
Assessments - None
C.
Gain Contingencies - None
D.
Claims related extra contractual and bad faith losses stemming from lawsuits
Direct
Claims related to ECO and bad faith losses paid during the reporting period $0
(a)
(b)
26-50 Claims
X
E.
Joint and Several Liabilities - Not applicable
F.
All Other Contingencies
Impact of the COVID-19 pandemic
Regulatory and legal developments
15. Leases
2020 -------------------------------------
6,671,335$
2021 -------------------------------------
4,525,862$
2022 -------------------------------------
3,719,050$
2023 -------------------------------------
3,354,067$
2024 and thereafter --------------------------------------- 1,522,327$
Total 19,792,641$
0-25 Claims
51-100 Claims
(c)
(d)
101-500 Claims
More than 500 Claims
(e)
leases (with initial or remaining lease terms in excess of one year). The future minimum lease payments are summarized as follows:
reporting period:
expenses totaling more than $400,000.
U.S. declaration of a national emergency. In response to the pandemic, health and governmental bodies, including the state of Texas where the Company is
headquartered, issued travel restrictions, quarantine orders, temporary closures of non-essential businesses and other restrictive measures. To date, various levels
of restrictions are still in place across the U.S. to address the continuous spread of COVID-19. Although the title insurance industry has been deemed essential in
the U.S., the pandemic and measures to contain it have caused disruptions in the real estate market and in the Company's business operations. To the extent that
the COVID-19 pandemic continues or worsens, it could adversely impact the Company's future operational and financial performance, which may result in
impairments of its assets. The Company is currently unable to determine the effects the COVID-19 pandemic will have on its future financial statements or
results of operations.
lawsuits, the plaintiffs seek exemplary or treble damages in excess of policy limits. The Company does not expect that any of these ordinary course proceedings
will have a material adverse effect on its financial condition or results of operations. In addition, along with the other major title insurance companies, the
Company is party to class action lawsuits concerning the title insurance industry. The Company believes that it has adequate reserves for the various litigation
matters and contingencies discussed in this paragraph and that the likely resolution of these matters will not materially affect its financial condition or results of
Many of these practices do not concern title insurance. To the extent the Company is in receipt of such inquiries, it believes that, where appropriate, it has
adequately reserved for these matters and does not anticipate that the outcome of these inquiries will materially affect its financial condition or results of
Company cannot predict the outcome of the various regulatory and administrative matters, it believes that it has adequately reserved for these matters and does
suits:
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.9
16.
17.
18.
19.
20.
•
•
•
A.
(1)
Fair Value Measurements at Reporting Date
(1) (2) (3) (4) (5)
Description (Level 1) (Level 2) (Level 3) (level 4)
a.
Assets At Fair Value
Common Stock- Unaffiliated 30,888,312$
Industrial and Misc.
Total Assets At Fair Value 30,888,312$
b.
Liabilities at Fair Value
None
Total Liabilities At fair Value
(2) - (3)
Not applicable
(4)
Valuation Techniques and Inputs used in Fair Value Measurement - Level 2 and Level 3
As of September 30, 2020, there are no assets or liabilities classified as Level 3 in the fair value hierarchy.
(5)
Derivative Assets and Liabilities - Not applicable
B.
Fair Value Information under SSAP No. 100 Combined with Other Accounting Pronouncements - Not applicable
C.
Aggregate Fair Value for Financial Instruments and Fair Value Hierarchy Level
Aggregate Fair
Value
Admitted Assets (Level 1) (Level 2) (Level 3)
Not Practicable
(Carrying Value)
Common Stock
Industrial and Misc.
30,888,312$ 30,888,312$ 30,888,312$
Bonds:
U.S. Governments
6,625,690$ 6,561,550$ 6,625,690$
Canadian Securities
211,342,734$ 203,372,452$ 211,342,734$
Municipals 29,573,072$ 27,780,815$ 29,573,072$
Corporate and Utilities 254,199,890$ 239,480,234$ 254,199,890$
Total Bonds 501,741,386$ 477,195,051$ 501,741,386$
Real Estate
Mortgage Loans
Total $
532,629,698$ 508,083,363$ 30,888,312$ 501,741,386$
D.
Not Practicable to Estimate Fair Value - Not applicable
E.
21.
Other Items
A.
Unusual or Infrequent Items - None
B.
Troubled Debt Restructuring - None
C.
Other Disclosures:
D.
Business Interruption Insurance Recoveries - None
E.
State Transferable and Non-Transferable Tax Credits
F.
Subprime Mortgage Related Risk Exposure - None
Type of Financial Instrument
for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data;
certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.
contingent liability to the Company. These accounts are excluded from the financial statements of admitted assets, liabilities and surplus as regards
policyholders.
Information about Financial Instruments with Off-Balance Sheet Risk and Financial Instruments with Concentrations of Credit Risk - None
Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities - None
Gain or Loss to the Reporting Entity from Uninsured A & H Plans and the Uninsured Portion of Partially Insured Plans
- Not Applicable
Direct Premium Written/Produced by Managing General Agents/Third Party Administrators - Not Applicable
Fair Value Measurements
The fair value of debt securities classified as Level 2 is based on the market values obtained by our independent custodians from third-party pricing
services in conjunction with their own internally developed pricing which is derived from information and quotes from brokers and from trading
activity. Additionally, the Company has controls in place to determine that the values provided represent fair value, including comparing prices
received from the pricing service to quotes received from other third party sources.
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.10
G.
Insurance-Linked Securities (ILS) Contracts - None
22.
Events Subsequent
(1)
(2)
23.
Reinsurance - Not applicable
24.
Retrospectively Rated Contracts - Not Applicable
25.
Changes in Incurred Losses and Loss Adjustment Expenses
26.
Intercompany Pooling Arrangements - Not Applicable
27.
Structured Settlements - None
28.
Supplemental Reserve
- The Company is not required to carry a supplemental reserve.
Known claims reserves were $49,157,410 and $54,607,473 as of September 30, 2020 and December 31, 2019, respectively. As of September 30, 2020 $45,959,926
has been paid for incurred losses and loss adjustment expenses as attributable to insured events of prior years. Reserves remaining for prior years are now
$47,966,031 as a result of re-estimation of unpaid claims and claim adjustment expenses. Therefore, there has been a $39,318,484 unfavorable prior-year
development since December 31, 2019. The increase is generally the result of prior year policy claims reported in the current year as well as re-estimation of existing
unpaid claims. Original estimates are increased or decreased as additional information becomes known regarding individual claims.
Subsequent events have been considered through November 10, 2020 for the statutory statement issued on November 15, 2020.
Type I Recognized Subsequent Events - None
Type II Non-Recognized Subsequent Events - None
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NOTES TO FINANCIAL STATEMENTS
6.11
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
GENERAL INTERROGATORIES
PART 1 – COMMON INTERROGATORIES
GENERAL
1.1 Did the reporting entity experience any material transactions requiring the filing of Disclosure of Material Transactions
with the State of Domicile, as required by the Model Act? Yes [ ] No [ X ]
1.2 If yes, has the report been filed with the domiciliary state? Yes [ ] No [ ]
2.1 Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of
settlement of the reporting entity? Yes [ ] No [ X ]
2.2 If yes, date of change:
3.1 Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons,
one or more of which is an insurer? Yes [ X ] No [ ]
If yes, complete Schedule Y, Parts 1 and 1A.
3.2 Have there been any substantial changes in the organizational chart since the prior quarter end? Yes [ ] No [ X ]
3.3 If the response to 3.2 is yes, provide a brief description of those changes.
3.4 Is the reporting entity publicly traded or a member of a publicly traded group? Yes [ X ] No [ ]
3.5 If the response to 3.4 is yes, provide the CIK (Central Index Key) code issued by the SEC for the entity/group. 94344
4.1 Has the reporting entity been a party to a merger or consolidation during the period covered by this statement? Yes [ ] No [ X ]
If yes, complete and file the merger history data file with the NAIC.
4.2 If yes, provide the name of entity, NAIC Company Code, and state of domicile (use two letter state abbreviation) for any
entity that has ceased to exist as a result of the merger or consolidation.
1 2 3
Name of Entity NAIC Company Code State of Domicile
5. If the reporting entity is subject to a management agreement, including third-party administrator(s), managing
general agent(s), attorney-in-fact, or similar agreement, have there been any significant changes regarding the
terms of the agreement or principals involved? Yes [ ] No [ X ] N/A [ ]
If yes, attach an explanation.
6.1 State as of what date the latest financial examination of the reporting entity was made or is being made. 12/31/2015
6.2 State the as of date that the latest financial examination report became available from either the state of domicile or
the reporting entity. This date should be the date of the examined balance sheet and not the date the report was
completed or released. 12/31/2015
6.3 State as of what date the latest financial examination report became available to other states or the public from either
the state of domicile or the reporting entity. This is the release date or completion date of the examination report and
not the date of the examination (balance sheet date). 01/26/2017
6.4 By what department or departments?
Texas Department of Insurance
6.5 Have all financial statement adjustments within the latest financial examination report been accounted for in a
subsequent financial statement filed with Departments? Yes [ ] No [ ] N/A [ X ]
6.6 Have all of the recommendations within the latest financial examination report been complied with? Yes [ X ] No [ ] N/A [ ]
7
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
GENERAL INTERROGATORIES
7.1 Has this reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration,
if applicable) suspended or revoked by any governmental entity during the reporting period? Yes [ ] No [ X ]
7.2 If yes, give full information
8.1 Is the company a subsidiary of a bank holding company regulated by the Federal Reserve Board? Yes [ ] No [ X ]
8.2 If response to 8.1 is yes, please identify the name of the bank holding company.
8.3 Is the company affiliated with one or more banks, thrifts or securities firms? Yes [ ] No [ X ]
8.4 If response to 8.3 is yes, please provide below the names and location (city and state of the main office) of any
affiliates regulated by a federal regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the
Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Securities Exchange
Commission (SEC)] and identify the affiliate’s primary federal regulator.
1 2 3 4 5 6
Affiliate Location
Name (City, State) FRB OCC FDIC SEC
9.1 Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller, or
persons performing similar functions) of the reporting entity subject to a code of ethics, which includes the following
standards?
(a) Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between
personal and professional relationships;
(b) Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting
entity;
(c) Compliance with applicable governmental laws, rules, and regulations;
(d) The prompt internal reporting of violations to an appropriate person or persons identified in the code; and
(e) Accountability for adherence to the code. Yes [ X ] No [ ]
9.11 If the response to 9.1 is No, please explain:
9.2 Has the code of ethics for senior managers been amended? Yes [ ] No [ X ]
9.21 If the response to 9.2 is Yes, provide information related to amendment(s).
9.3 Have any provisions of the code of ethics been waived for any of the specified officers? Yes [ ] No [ X ]
9.31 If the response to 9.3 is Yes, provide the nature of any waiver(s).
FINANCIAL
10.1 Does the reporting entity report any amounts due from parent, subsidiaries or affiliates on Page 2 of this statement? Yes [ X ] No [ ]
10.2 If yes, indicate any amounts receivable from parent included in the Page 2 amount: $ 269,765
7.1
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
GENERAL INTERROGATORIES
INVESTMENT
11.1 Were any of the stocks, bonds, or other assets of the reporting entity loaned, placed under option agreement, or
otherwise made available for use by another person? (Exclude securities under securities lending agreements.) Yes [ ] No [ X ]
11.2 If yes, give full and complete information relating thereto:
12. Amount of real estate and mortgages held in other invested assets in Schedule BA: $
13. Amount of real estate and mortgages held in short-term investments: $
14.1 Does the reporting entity have any investments in parent, subsidiaries and affiliates? Yes [ X ] No [ ]
14.2 If yes, please complete the following: 1 2
Prior Year-End Current Quarter
Book/Adjusted Book/Adjusted
Carrying Value Carrying Value
14.21 Bonds $ $
14.22 Preferred Stock $ $
14.23 Common Stock $ 458,103,833 $ 470,887,875
14.24 Short-Term Investments $ $
14.25 Mortgage Loans on Real Estate $ $
14.26 All Other $ $
14.27 Total Investment in Parent, Subsidiaries and Affiliates
(Subtotal Lines 14.21 to 14.26) $ 458,103,833 $ 470,887,875
14.28 Total Investment in Parent included in Lines 14.21 to
14.26 above $ $
15.1 Has the reporting entity entered into any hedging transactions reported on Schedule DB? Yes [ ] No [ X ]
15.2 If yes, has a comprehensive description of the hedging program been made available to the domiciliary state? Yes [ ] No [ ] N/A [ X ]
If no, attach a description with this statement.
16. For the reporting entity's security lending program, state the amount of the following as of the current statement date:
16.1 Total fair value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2 $
16.2 Total book adjusted/carrying value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2 $
16.3 Total payable for securities lending reported on the liability page $
17. Excluding items in Schedule E - Part 3 - Special Deposits, real estate, mortage loans and investments held
physically in the reporting entity’s offices, vaults or safety deposit boxes, were all stocks, bonds and other securities,
owned throughout the current year held pursuant to a custodial agreement with a qualified bank or trust company in
accordance with Section 1, III - General Examination Considerations, F. Outsourcing of Critical Functions,
Custodial or Safekeeping Agreements of the NAIC Financial Condition Examiners Handbook? Yes [ X ] No [ ]
17.1 For all agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook,
complete the following:
1 2
Name of Custodian(s) Custodian Address
BBVA P. O. Box 4886 Houston, TX 77210-4886
Bank of Nova Scotia 130 King Street, 20th Floor Toronto, CN
17.2 For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook,
provide the name, location and a complete explanation:
1 2 3
Name(s) Location(s) Complete Explanation(s)
7.2
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
GENERAL INTERROGATORIES
17.3 Have there been any changes, including name changes, in the custodian(s) identified in 17.1 during the current
quarter? Yes [ ] No [ X ]
17.4 If yes, give full and complete information relating thereto:
1 2 3 4
Old Custodian New Custodian Date of Change Reason
17.5 Investment management - Identify all investment advisors, investment managers, broker/dealers, Including individuals that
have the authority to make investments decisions on behalf of the reporting entity. For assets that are managed internally
by employees of the reporting entity, note as such. ["..that have acess to the investment accounts";"..handle securities"]
1 2
Name of Firm or Individual Affiliation
Vaughn Nelson Investment Management U
Chickasaw Capital Management U
17.5097 For those firms/individuals listed in the table for Question 17.5, do any firms/individuals unaffiliated with the reporting
entity (i.e., designated with a “U”) manage more than 10% of the reporting entity’s invested assets? Yes [ X ] No [ ]
17.5098 For firms/individuals unaffiliated with the reporting entity (i.e., designated with a “U”) listed in the table for Question 17.5,
the total assets under management aggregate to more than 50% of the reporting entity’s invested assets? Yes [ X ] No [ ]
17.6 For those firms or individuals listed in the table for 17.5 with an affiliation code of “A” (affiliated) or “U” (unaffiliated), provide the
information for the table below.
1 2 3 4 5
Central Registration Name of Firm Legal Entity Investment Management
Depository Number or Individual Identifier (LEI) Registered With Agreement (IMA) Filed
106975 Vaughn Nelson Investment Manageme None SEC NO
127398 Chickasaw Capital Management None SEC NO
18.1 Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Investment Analysis Office
been followed? Yes [ X ] No [ ]
18.2 If no, list exceptions:
19. By self-designating 5GI securities, the reporting entity is certifying the following elements for each self-designated 5GI security:
a. Documentation necessary to permit a full credit analysis of the security does not exist
or an NAIC CRP credit rating for an FE or PL security is not available.
b. Issuer or obligor is current on all contracted interest and principal payments.
c. The insurer has an actual expectation of ultimate payment of all contracted interest and principal.
Has the reporting entity self-designated 5GI securities? Yes [ ] No [ X ]
20. By self-designating PLGI securities, the reporting entity is certifying the following elements of each self-designated PLGI security:
a. The security was purchased prior to January 1, 2018.
b. The reporting entity is holding capital commensurate with the NAIC Designation reported for the security.
c. The NAIC Designation was derived from the credit rating assigned by an NAIC CRP in its legal capacity as a NRSRO which is
shown on a current private letter rating held by the insurer and available for examination by state insurance regulators.
d. The reporting entity is not permitted to share this credit rating of the PL security with the SVO.
Has the reporting entity self-designated PLGI securities? Yes [ ] No [ X ]
21. By assigning FE to a Schedule BA non-registered private fund, the reporting entity is certifying the following elements of each self-designated FE fund:
a. The shares were purchased prior to January 1, 2019.
b. The reporting entity is holding capital commensurate with the NAIC Designation reported for the security.
c. The security had a public credit rating(s) with annual surveillance assigned by an NAIC CRP in its legal capacity as an NRSRO
prior to January 1, 2019.
d. The fund only or predominantly holds bonds in its portfolio.
7.3
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
GENERAL INTERROGATORIES
e. The current reported NAIC Designation was derived from the public credit rating(s) with annual surveillance assigned by an NAIC
CRP in its legal capacity as an NRSRO.
f. The public credit rating(s) with annual surveillance assigned by an NAIC CRP has not lapsed.
Has the reporting entity assigned FE to Schedule BA non-registered private funds that
complied with the above criteria? Yes [ ] No [ X ]
7.4
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
GENERAL INTERROGATORIES
PART 2 - TITLE
1. If the reporting entity is a member of a pooling arrangement, did the agreement or the reporting entity’s participation change?
Yes [ ] No [ X ] N/A [ ]
If yes, attach an explanation.
2. Has the reporting entity reinsured any risk with any other reporting entity and agreed to release such entity from liability, in whole
or in part, from any loss that may occur on the risk, or portion thereof, reinsured?
Yes [ ] No [ X ]
If yes, attach an explanation.
3.1 Have any of the reporting entity’s primary reinsurance contracts been canceled?
Yes [ ] No [ X ]
3.2 If yes, give full and complete information thereto:
4.1 Are any of the liabilities for unpaid losses and loss adjustment expenses discounted to present value at a rate of interest greater than zero?
Yes [ ] No [ X ]
4.2 If yes, complete the following schedule:
1 2 3
Total Discount Discount Taken During Period
4 5 6 7 8 9 10 11
Line of Maximum Discount Unpaid Unpaid Unpaid Unpaid
Business Interest Rate Losses LAE IBNR TOTAL Losses LAE IBNR TOTAL
Total
5.1 Reporting entity assets listed on Page 2 include the following segregated assets of the Statutory Premium Reserve or other similar
statutory reserves:
5.11 Bonds $ 472,419,925
5.12 Short-term investments $
5.13 Mortgages $
5.14 Cash $
5.15 Other admissable invested assets $
5.16 Total $ 472,419,925
5.2 List below segregated funds held for others by the reporting entity, set apart in special accounts and excluded from entity assets
and liabilities. (These funds are also included in Schedule E - Part 1 and the "From Separate Accounts, Segregated Accounts
and Protected Cell Accounts" line on Page 2 except for escrow funds held by Title insurers)
5.21 Custodial funds not included in this statement
were held pursuant to the governing agreements
of custody in the amount of: $ 633,184,911
These funds consist of:
5.22 In cash on deposit $ 633,184,911
5.23 Other forms of security $
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NONE Schedule F
9
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE T - EXHIBIT OF PREMIUMS WRITTEN
Current Year To Date - By States and Territories
Direct Losses and Allocated Loss Adjustment
Direct Premiums Written Expenses Paid (Deducting Salvage) Direct Known Claim Reserve
1 2 3 4 5 6 7
Active
Status Current Year Prior Year Current Year Prior Year Current Year Prior Year
States, Etc. (a) to Date to Date to Date to Date to Date to Date
1. Alabama AL L 16,233,429 11,934,149 444,702 259,234 203,666 227,819
2. Alaska AK L 12,703,955 8,520,327 11,318 28,883 50,091 92,433
3. Arizona AZ L 26,446,919 17,226,313 218,900 358,280 409,296 305,426
4. Arkansas AR L 5,554,230 3,815,372 184,776 169,389 47,097 229,844
5. California CA L 82,428,305 74,852,856 6,155,118 5,014,788 5,140,066 5,635,743
6. Colorado CO L 42,879,386 31,671,415 106,990 692,698 314,550 807,561
7. Connecticut CT L 8,943,420 7,891,284 406,580 222,486 114,024 143,173
8. Delaware DE L 7,160,251 8,640,325 366,631 33,913 50,210 55,295
9. District of Columbia DC L 2,747,667 3,275,335 312,457 139,596 929,581 281,004
10. Florida FL L 62,429,973 49,124,276 3,634,402 7,250,150 2,688,246 2,614,070
11. Georgia GA L 25,047,527 20,695,839 1,073,304 2,279,580 1,562,859 1,232,838
12. Hawaii HI L 1,933,999 3,503,437 246,625 55,185 331,393 139,591
13. Idaho ID L 13,791,876 9,762,658 174,848 219,895 373,747 331,320
14. Illinois IL L 15,335,629 14,415,204 788,152 1,307,269 794,769 1,902,761
15. Indiana IN L 12,856,955 10,584,749 166,764 155,769 248,596 573,344
16. Iowa IA N 488,676 385,884 86
17. Kansas KS L 5,481,088 6,038,363 27,400 38,981 47,610 21,212
18. Kentucky KY L 8,416,702 7,931,055 107,972 230,717 88,222 123,978
19. Louisiana LA L 11,719,548 9,557,278 416,522 531,876 321,508 559,059
20. Maine ME L 4,439,183 2,292,293 145,094 255,396 212,259 342,794
21. Maryland MD L 21,006,029 21,292,900 518,426 669,095 286,758 1,136,444
22. Massachusetts MA L 18,030,866 13,306,798 568,518 545,133 1,366,474 1,738,678
23. Michigan MI L 32,601,516 33,235,691 227,519 328,310 416,796 270,468
24. Minnesota MN L 31,808,446 20,554,349 522,020 782,069 408,723 625,554
25. Mississippi MS L 2,893,589 2,382,157 145,969 265,359 128,026 248,797
26. Missouri MO L 3,557,267 1,720,699 439,543 441,236 350,828 244,810
27. Montana MT L 6,226,268 3,797,453 174,268 285,712 110,929 50,052
28. Nebraska NE L 3,609,718 3,021,790 3,026 26,731 4,474 10,529
29. Nevada NV L 20,072,429 13,255,834 689,706 215,135 472,826 501,057
30. New Hampshire NH L 3,724,476 2,627,284 184,730 36,425 194,365 191,722
31. New Jersey NJ L 35,893,421 29,410,394 3,333,667 898,924 2,945,967 3,684,438
32. New Mexico NM L 11,375,754 10,488,329 28,406 210,900 61,796 65,816
33. New York NY Q
34. North Carolina NC L 8,291,256 7,092,965 305,285 399,289 282,658 346,097
35. North Dakota ND L 3,026,331 2,322,463 4,000 117,256 49,006
36. Ohio OH L 37,848,362 36,296,129 435,173 485,303 442,709 628,574
37. Oklahoma OK L 6,371,787 5,667,787 6,248 (110,372) 102,939 176,081
38. Oregon OR L 9,457,156 6,022,586 639,681 1,387,031 39,660 224,937
39. Pennsylvania PA L 25,896,283 26,600,766 980,642 608,456 1,088,211 1,182,516
40. Rhode Island RI L 1,620,389 692,582 110,067 (21,873) 119,955 110,471
41. South Carolina SC L 14,570,161 13,378,299 661,917 1,245,757 214,723 678,539
42. South Dakota SD L 5,781,522 4,709,917 37,412 262,454 27,613 51,081
43. Tennessee TN L 20,856,687 16,055,014 327,191 388,599 388,924 554,539
44. Texas TX L 226,442,799 213,988,383 4,129,358 4,686,698 4,731,986 5,605,931
45. Utah UT L 45,322,420 31,870,394 587,121 (168,948) 1,522,434 737,032
46. Vermont VT L 683,515 543,795 125,867 14,167 13,302 125,629
47. Virginia VA L 36,306,505 30,477,141 650,660 527,676 594,402 821,632
48. Washington WA L 26,955,483 23,772,587 1,194,058 893,398 393,645 450,562
49. West Virginia WV L 2,133,302 1,456,539 33,246 (82,432) 60,404 33,536
50. Wisconsin WI L 22,580,012 14,626,447 255,614 193,672 231,934 324,433
51. Wyoming WY L 2,913,290 1,785,796 61,990 51,398 58,699 53,740
52. American Samoa AS N
53. Guam GU L 1,890,227 937,221 51,332 22,432 48,994 76,273
54. Puerto Rico PR L 3,587,703 3,183,897 1,439,697 1,976,787 1,609,832 1,890,858
55. U.S. Virgin Islands VI L 157,557 294,003
56. Northern Mariana Islands MP L 292,579 260,528 3,056 3,956 12,988 16,044
57. Canada CAN L 66,841,403 63,279,288 14,167,307 14,461,546 16,362,785 14,485,721
58. Aggregate Other Alien OT X X X 128,462 3,326 107,861 110,897
59. Totals X X X 1,127,665,226 962,526,617 48,159,823 51,294,690 49,132,410 53,121,759
DETAILS OF WRITE-INS
58001 Costa Rica CRI X X X 128,462 3,326 98,516 101,552
58002 Dominica Republic DOM X X X 9,345 9,345
58003 X X X
58998 Summary of remaining write-ins for Line 58
from overflow page X X X
58999 Totals (Lines 58001 through 58003 plus 58998)
(Line 58 above) X X X 128,462 3,326 107,861 110,897
(a) Active Status Counts
L – Licensed or Chartered - Licensed insurance carrier or domiciled RRG 54
E – Eligible - Reporting entities eligible or approved to write surplus lines in the state
R - Registered - Non-domiciled RRGs
Q - Qualified - Qualified or accredited reinsurer 1
N – None of the above - Not allowed to write business in the state 2
10
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Stewart Title Insurance
Company
NY 76
-
0233294
Stewart Information Services
Corporation
DE 74
-
1677330
Stewart Title Guaranty
Company
TX 74
-
0924290
Brazos Insurance
Company
VT 46
-
5410591
Stewart Title Company
TX 74
-
0923770
Stewart Title Guaranty de
Mexico,
S.A
. de C
.V.
(
99
.9
%)
MEX AA
-
2734105
Stewart Title Limited
UK AA
-
1124112
Title Reinsurance
Company
(
10%)
VT 03
-
0311175
IT24 of Houston, LLC
TX 76
-
0684959
PSI
-
Fire,
L.P
.
Dba Stewart Pakistan
(
99%)
TX 0732569
Stewart Pakistan
Private Limited
(
99
.
99%)
PK
Amarillo Data, Inc
.
(
33%)
TX 75
-
2437463
Stewart Title of Utah, Inc
.
UT 87
-
0431430
Western American Title
Services, LLC
(
100%)
UT 30
-
0588317
Unless otherwise noted, all ownership is 100%
US RES Holdco, LLC
DE
47
-
3912024
United States
Appraisals, LLC
ValuGuard Solutions,
LLC
KS
26
-
3022276
KS 46
-
2118254
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE Y - INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP
PART 1 - ORGANIZATIONAL CHART
11
Stewart Title Company
See Page
1
Continued on Page
3
TX 74
-
0923770
GESS Management,
LLC
TX 47
-
0924720
GESS Real Estate
Investments, LP
(
99%)
TX 73
-
1673752
Stewart Title of
Austin, LLC
TX 74
-
2823956
Prosperity Title dba ABC
Title, LLC
(
51%)
TX 04
-
3813945
HMH Title Company,
LLC
(
51%)
TX 20
-
3095762
Intercity Capital
Corporation
CA 94
-
2912200
Inwood Heritage Oaks
Ltd
(
19
.
70%)
TX 20
-
3806261
Unless otherwise noted, all ownership is 100
%
Crown Title Company of
Houston, LLC
(
51%)
TX 36
-
4606393
Fulghum Inc
.
TX 74
-
1497558
U.S
. Title Co. of Wichita
County
,
Ltd
(
17
.
50%)
TX 75
-
2254859
Graystone Title
Company, LLC
(
51%)
TX 45
-
5091067
Centennial Title, LLC
49
.
90
%
TX 20
-
2883864
Chadco Builders, Inc
.
TX 75
-
1654378
Red Oak Title, LLC
(
51%)
TX 46
-
3045823
Classic Title LLC
51
%
TX 90
-
0952129
Bedrock Title Company,
LLC
(
51%)
TX 46
-
4806805
Texas Guild Title, LLC
(
51%)
TX 47
-
3172962
Sumner Title & Escrow,
LLC
(
50%)
TN
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE Y - INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP
PART 1 - ORGANIZATIONAL CHART
11.1
Stewart Title Company
See Page
2
Continued on Page
4
TX 74
-
0923770
Main Street Title &
Settlement Svcs LLC
(
19%)
NJ 20
-
5334703
Adams Abstract, LLC
(
51%)
NJ 20
-
1875812
Bergenline Real Estate
Services, LLC
(
51%)
NJ 02
-
0553478
Broadway Title &
Settlement Svcs
(
51%)
NJ 20
-
8398203
Community Real Estate
Services, LLC
(
51%)
NJ 13
-
4185865
Continental Title
Services, LLC
(
50
.
50%)
NJ 20
-
2553660
Premier Asset Title, LLC
(
50
.
50%)
NJ 20
-
2127803
Vintage Title Agency,
LLC
(
51%)
NJ 20
-
1203317
Memorial Title, LLC
(
51%)
TN 45
-
2185905
MidSouth Title Services,
LLC
(
10%)
TN 20
-
4366444
Metropolitan Title and
Escrow, LLC
(
51%)
MO 20
-
2372524
Unless otherwise noted, all ownership is 100
%
LCH Title Company, LC
51
%
TX 71
-
0937596
Landon Title Company,
LLC
(
51%)
TX 45
-
3690601
Liberty Title & Abstract,
Inc. (40%)
WI 39
-
1937180
Stewart Land Title
Services, LLC
(
60%)
VA 92
-
0184699
Three Chopt Title
Services, LLC
(
35%)
VA 20
-
5654918
Virginia Affordable
Housing Title Services,
LLC
(
50%)
VA 20
-
4273370
Richmond Settlement
Solutions, LLC
(
81
.
25%)
VA 20
-
5925300
Oklahoma Land Title
Services, LLC
OK 73
-
1583533
Millennium Title of Texas, LLC
(
51%)
TX 76
-
0539097
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE Y - INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP
PART 1 - ORGANIZATIONAL CHART
11.2
Stewart Title Company
See Page
3
Continued on Page
5
TX 74
-
0923770
PropertyInfo
Corporation
TX 20
-
5764898
Advantage Title
Solutions, LLC
TX 20
-
5764818
Advantage Title
Solutions S
.R.L.
ROU foreign
Red River Title
Services, Inc
.
ND 45
-
0431725
RET Solutions, LLC
(
51%)
OH 20
-
0338913
S & S Title Company,
LLC
(
51%)
TX 20
-
0297087
SAB Holdings, LLC
CO 45
-
1473453
Prestige Escrow & Title
Services, LLC dba
Colorado Professionals
Title, LLC
(
35%)
CO 26
-
1202085
Unless otherwise noted, all ownership is 100
%
Professional Real
Estate Tax Service of
North, TX LLC
TX 20
-
2138887
Professional Real
Estate Tax Service, LLC
TX 20
-
1062260
Richmond Settlement
Solutions, LLC
(
18
.
75%)
VA 20
-
5925300
Stewart Title of
Oklahoma, Inc
.
OK 73
-
1093494
Stewart Financial
Services, Inc
TX 75
-
3060361
S-K-L-
D Title Services,
Inc.(12%)
CO 84
-
0508648
Priority Title, LLC
(
51%)
TX 76
-
0414764
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE Y - INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP
PART 1 - ORGANIZATIONAL CHART
11.3
Stewart Title Company
See Page
4
Continued on Page
6
TX 74
-
0923770
Stewart Properties of Tampa,
Inc
.
FL 59
-
3138030
Tampa Cypress Partners Inc.
(
50%)
FL 59
-
3138251
Stewart Solutions, LLC
TX 20
-
0726763
Stewart Title & Escrow Inc
.
VA 54
-
1595686
Unless otherwise noted, all ownership is 100
%
Stewart Title & Settlement Svcs
Inc
.
VA 54
-
1473996
Superior Title Services, LC
(
50%)
VA 46
-
2103198
Stewart Lender Services,
Inc
.
TX 76
-
0450977
Stewart Valuation
Services
,
LLC
DE 13
-
4359171
Home Retention Services,
Inc
.
TX 47
-
0941826
Stewart Lender Services
-
Latin America,
S.A.
CRI Foreign
Stewart Land Title Services,
LLC
(
10%)
VA 54
-
1710763
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE Y - INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP
PART 1 - ORGANIZATIONAL CHART
11.4
Stewart Title Company
See Page
5
Continued on Page
7
TX 74
-
0923770
Stewart Title & Trust of
Phoenix Inc.(83
.
19%)
AZ 86
-
0223200
Stewart Title & Trust of
Tucson
AZ 86
-
0169247
Stewart Title of
Albuquerque,
L.L.C
.
(
61%)
NM 85
-
0446018
Stewart Title of
Arkansas, LLC
AR 45
-
2605883
Unless otherwise noted, all ownership is 100
%
Stewart Title of
California Inc
.
CA 95
-
4607898
Stewart Title of
Lubbock Inc. (80%)
TX 75
-
1609998
Lubbock Data
(
50%)
TX 75
-
2895334
Stewart Title of
Montgomery County Inc
(
50%)
TX 74
-
1729137
Stewart Title of the
Coastal Bend, Inc.(80%)
TX 74
-
1534607
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE Y - INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP
PART 1 - ORGANIZATIONAL CHART
11.5
Stewart Title Company
See Page
6
TX 74
-
0923770
Summit Land Title, LLC
(
51%)
TN 45
-
0491890
Texarkana Title &
Abstract Company, Inc.
(
98%)
TX 75
-
1006635
Unless otherwise noted, all ownership is 100
%
1501 Tilton Road, Inc.
(
13
.
26%)
NJ 22
-
1953929
Third Capital Title
Agency of Greater
Cincinnati, Inc. (40%)
OH 81
-
0569576
Title Records, LLC
(
40%)
CO 84
-
1446701
U.S
. Title Co
.
of Wichita
County, Ltd. (48
.
38%)
TX 75
-
2254859
United Title Guaranty
Agency, LLC
(
40%)
AK 20
-
1849071
Asset Preservation
Inc
.
CA 77
-
0354503
Parked Properties NY,
Inc
.
NY 26
-
2477928
API Stewart Holdings,
LLC
CA 35
-
2565708
Stewart Title of
Alabama, LLC
MS 46
-
1085166
Landsafe Default, Inc
.
PA 95
-
4595148
First Ohio Title
Insurance Agency, LTD
(
51%)
OH 38
-
3954960
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE Y - INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP
PART 1 - ORGANIZATIONAL CHART
11.6
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE Y
PART 1A - DETAIL OF INSURANCE HOLDING COMPANY SYSTEM
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Name of Type of Control
Securities (Ownership,
Exchange if Board, If Control is Is an SCA
NAIC Publicly Names of Relationship to Management, Ownership Filing
Group Company ID Federal Traded (U.S. or Parent, Subsidiaries Domiciliary Reporting Directly Controlled by Attorney-in-Fact, Provide Ultimate Controlling Required?
Code Group Name Code Number RSSD CIK International) Or Affiliates Location Entity (Name of Entity / Person) Influence, Other) Percentage Entity(ies)/Person(s) (Y/N) *
00000 0000094344 NYSE Stewart Information Services Corporation DE UDP N
00000 46-5410591 Brazos Insurance Company VT IA Stewart Information Services Corporation Ownership 100.000 Stewart Information Services Corpora N
00000 76-0684959 IT24 of Houston, LLC TX NIA Stewart Title Comany Ownership 100.000 Stewart Information Services Corpora N
00000 76-0732569 Psi - Fire, LP dba CTO 24/7 TX NIA Stewart Title Company Ownership 99.000 Stewart Information Services Corpora N
00000 Stewart Pakistan (Private) Limited PK NIA Stewart Title Company Ownership 99.990 Stewart Information Services Corpora N
00000 46-1085166 Stewart Title of Alabama, LLC MS NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 95-4595148 LandSafe Default, Inc. PA NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
50121 74-0924290 Stewart Title Guaranty Company TX IA Stewart Information Services Corporation Ownership 100.000 Stewart Information Services Corpora N
51420 76-0233294 Stewart Title Insurance Company NY IA Stewart Title Guaranty Company Ownership 100.000 Stewart Information Services Corpora N
00000 AA-2734105 Stewart Title Guaranty de Mexico ,S.A. de C.V. MEX IA Stewart Title Guaranty Company Ownership 99.900 Stewart Information Services Corpora N
00000 AA-1124112 Stewart Title Limited MEX IA Stewart Title Guaranty Company Ownership 100.000 Stewart Information Services Corpora N
00000 47-3912024 US RES Holdco, LLC DE NIA Stewart Title Information Services Corporation Ownership 100.000 Stewart Information Services Corpora N
00000 26-3022276 United States Appraisals, LLC KS NIA US RES Holdco, LLC Ownership 100.000 Stewart Information Services Corpora N
00000 46-2118254 ValuGuard Solutions, LLC KS NIA US RES Holdco, LLC Ownership 100.000 Stewart Information Services Corpora N
32336 03-0311175 Title Reinsurance Company VT IA Stewart Title Guaranty Company Ownership 10.000 Stewart Information Services Corpora N
00000 74-0923770 Stewart Title Company TX NIA Stewart Title Guaranty Company Ownership 100.000 Stewart Information Services Corpora N
00000 87-0431430 Stewart Title of Utah, Inc. UT NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 30-0588317 Western America Title Services, LLC UT NIA Stewart Title of Utah, Inc. Ownership 100.000 Stewart Information Services Corpora N
00000 20-2883864 Centennial Title, LLC TX NIA Stewart Title Company Ownership 49.900 Stewart Information Services Corpora N
00000 75-1654378 Chadco Builders, Inc. TX NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 75-2254859 U.S. Title Company of Wichita County,Ltd TX NIA Chadco Builders, Inc. Ownership 17.500 Stewart Information Services Corpora N
00000 90-0952129 Classic Title, LLC TX NIA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 36-4606393 Crown Title Company of Houston, LLC TX NIA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 74-1497558 Fulghum Inc. TX NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 47-0924720 GESS Management LLC TX NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 73-1673752 GESS Real Estate Investments, LP TX NIA Stewart Title Company Ownership 99.000 Stewart Information Services Corpora N
00000 74-2823956 Stewart Title of Austin, LLC TX NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 04-3813945 Prosperity Title dba ABC Title, LLC TX NIA Stewart Title of Austin, LLC Ownership 51.000 Stewart Information Services Corpora N
00000 45-5091067 Graystone Title Company, LLC TX NIA Stewart Title of Austin, LLC Ownership 51.000 Stewart Information Services Corpora N
00000 46-4806805 Bedrock Title Company, LLC TX NIA Stewart Title of Austin, LLC Ownership 51.000 Stewart Information Services Corpora N
00000 20-3095762 HMH Title Company, LLC TX NIA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 94-2912200 Intercity Capital Corporation CA NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 20-3806261 Inwood Heritage Oaks Ltd TX NIA Stewart Title Company Ownership 19.700 Stewart Information Services Corpora N
00000 92-0184699 Stewart Land Title Services, LLC VA NIA Stewart Title Company Ownership 60.000 Stewart Information Services Corpora N
00000 20-5925300 Richmond Settlement Solutions, LLC VA NIA Stewart Land Title Services, LLC Ownership 81.250 Stewart Information Services Corpora N
00000 20-5654918 Three Chopt Title Services, LLC VA NIA Stewart Land Title Services, LLC Ownership 35.000 Stewart Information Services Corpora N
00000 20-4273370 Virginia Affordable Housing Title Services, LLC VA NIA Stewart Land Title Services, LLC Ownership 50.000 Stewart Information Services Corpora N
00000 45-3690601 Landon Title Company, LLC TX NIA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 71-0937596 LCH Title Company, LC TX NIA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 39-1937180 Liberty Title & Abstract, Inc. WI NIA Stewart Title Company Ownership 40.000 Stewart Information Services Corpora N
00000 20-1875812 Adams Abstract, LLC NJ NIA Main Street Title & Settlement Svcs LLC Ownership 51.000 Stewart Information Services Corpora N
00000 02-0553478 Bergenline Real Estate Services, LLC NJ NIA Main Street Title & Settlement Svcs LLC Ownership 51.000 Stewart Information Services Corpora N
00000 20-8398203 Broadway Title & Settlement Services, LLC NJ NIA Main Street Title & Settlement Svcs LLC Ownership 51.000 Stewart Information Services Corpora N
12
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE Y
PART 1A - DETAIL OF INSURANCE HOLDING COMPANY SYSTEM
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Name of Type of Control
Securities (Ownership,
Exchange if Board, If Control is Is an SCA
NAIC Publicly Names of Relationship to Management, Ownership Filing
Group Company ID Federal Traded (U.S. or Parent, Subsidiaries Domiciliary Reporting Directly Controlled by Attorney-in-Fact, Provide Ultimate Controlling Required?
Code Group Name Code Number RSSD CIK International) Or Affiliates Location Entity (Name of Entity / Person) Influence, Other) Percentage Entity(ies)/Person(s) (Y/N) *
00000 13-4185865 Community Real Estate Services, LLC NJ NIA Main Street Title & Settlement Svcs LLC Ownership 51.000 Stewart Information Services Corpora N
00000 20-2553660 Continental Title Services, LLC NJ NIA Main Street Title & Settlement Svcs LLC Ownership 50.500 Stewart Information Services Corpora N
00000 20-2127803 Premier Asset Title, LLC NJ NIA Main Street Title & Settlement Svcs LLC Ownership 50.500 Stewart Information Services Corpora N
00000 20-1203317 Vintage Title Agency, LLC NJ NIA Main Street Title & Settlement Svcs LLC Ownership 51.000 Stewart Information Services Corpora N
00000 45-2185905 Memorial Title, LLC TN NIA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 20-2372524 Metropolitan Title and Escrow, LLC MO NIA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 20-4366444 MidSouth Title Services II, LLC TN NIA Stewart Title Company Ownership 10.000 Stewart Information Services Corpora N
00000 73-1583533 Oklahoma Land Title Services, LLC OK NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 76-0539097 Millennium of Texas, LLC TX N/A Stewart Title Company Ownership 51.000 Stewart Information Services Corpora Y
00000 76-0414764 Priority Title, LLC TX N/A Stewart Title Company Ownership 51.000 Stewart Information Services Corpora Y
00000 20-2138887 Professional Real Estate Tax Service of North, TX LLC TX NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 20-1062260 Professional Real Estate Tax Service, LLC TX NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 20-5764898 PropertyInfo Corporation TX NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 47-3172962 Texas Guild Title, LLC TX NIA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 20-5764818 Advantage Title Solutions, LLC TX NIA PropertyInfo Corporation Ownership 60.000 Stewart Information Services Corpora N
00000 Advantage Title Solutions S.R.L. ROU NIA Advantage Title Solutions, LLC Ownership 100.000 Stewart Information Services Corpora N
00000 46-3045823 Red Oak Title, LLC TX IA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 45-0431725 Red River Title Services Inc ND NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 20-5925300 Richmond Settlement Solutions, LLC VA NIA Stewart Title Company Ownership 18.750 Stewart Information Services Corpora N
00000 20-0338913 RET Solutions, LLC OH NIA RT Holdings, Ltd. Ownership 51.000 Stewart Information Services Corpora N
00000 20-0297087 S & S Title Company, LLC TX NIA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 45-1473453 SAB Holdings, LLC CO NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 26-1202085 Prestige Escrow & Title Services, LLC dba Colorado Profe CO NIA SAB Holdings, LLC Ownership 35.000 Stewart Information Services Corpora N
00000 84-0508648 S-K-L-D Title Services, Inc. CO NIA Stewart Title Company Ownership 12.000 Stewart Information Services Corpora N
00000 73-1093494 Stewart Title of Oklahoma, Inc. OK NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 75-3060361 Stewart Financial Services, Inc TX NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 76-0450977 Stewart Lender Services, Inc. TX NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 47-0941826 Home Retention Services, Inc. TX NIA Stewart Lender Services, Inc. Ownership 100.000 Stewart Information Services Corpora N
00000 13-4359171 Stewart Valuation Services, LLC DE NIA Stewart Lender Services, Inc. Ownership 100.000 Stewart Information Services Corpora N
00000 Stewart Lender Services - Latin America, S.A. CRI NIA Stewart Lender Services, Inc. Ownership 100.000 Stewart Information Services Corpora N
00000 59-3138030 Stewart Properties of Tampa, Inc. FL NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 59-3138251 Tampa Cypress Partners Inc. FL NIA Stewart Properties of Tampa, Inc. Ownership 50.000 Stewart Information Services Corpora N
00000 20-0726763 Stewart Solutions, LLC TX NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 54-1595686 Stewart Title & Escrow Inc. VA NIA Stewart Title Company Ownership 80.000 Stewart Information Services Corpora N
00000 92-0184699 Stewart Land Title Services, LLC VA NIA Stewart Title & Escrow Inc. Ownership 10.000 Stewart Information Services Corpora N
00000 46-2103198 Superior Title Services, LC VA NIA Stewart Title & Escrow Inc. Ownership 50.000 Stewart Information Services Corpora N
00000 54-1473996 Stewart Title & Settlement Services, Inc. VA NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 86-0223200 Stewart Title & Trust of Phoenix, Inc. AZ NIA Stewart Title Company Ownership 83.190 Stewart Information Services Corpora N
00000 86-0169247 Stewart Title & Trust of Tucson AZ NIA Stewart Title & Trust of Phoenix Inc. Ownership 100.000 Stewart Information Services Corpora N
00000 85-0446018 Stewart Title of Albuquerque, LLC NM NIA Stewart Title Company Ownership 61.000 Stewart Information Services Corpora N
00000 45-2605883 Stewart Title of Arkansas, LLC AR NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 95-4607898 Stewart Title of California Inc. CA NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 75-1609998 Stewart Title of Lubbock Inc. TX NIA Stewart Title Company Ownership 80.000 Stewart Information Services Corpora N
12.1
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE Y
PART 1A - DETAIL OF INSURANCE HOLDING COMPANY SYSTEM
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Name of Type of Control
Securities (Ownership,
Exchange if Board, If Control is Is an SCA
NAIC Publicly Names of Relationship to Management, Ownership Filing
Group Company ID Federal Traded (U.S. or Parent, Subsidiaries Domiciliary Reporting Directly Controlled by Attorney-in-Fact, Provide Ultimate Controlling Required?
Code Group Name Code Number RSSD CIK International) Or Affiliates Location Entity (Name of Entity / Person) Influence, Other) Percentage Entity(ies)/Person(s) (Y/N) *
00000 75-2895334 Lubbock Data, Inc. TX NIA Stewart Title of Lubbock Inc. Ownership 50.000 Stewart Information Services Corpora N
00000 74-1729137 Stewart Title of Montgomery County, Inc TX NIA Stewart Title Company Ownership 50.000 Stewart Information Services Corpora N
00000 74-1534607 Stewart Title of the Coastal Bend, Inc. TX NIA Stewart Title Company Ownership 80.000 Stewart Information Services Corpora N
00000 45-0491890 Summit Land Title, LLC TN NIA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
00000 75-1006635 Texarkana Title & Abstract Company, Inc. TX NIA Stewart Title Company Ownership 98.000 Stewart Information Services Corpora N
00000 22-1953929 1501 Tilton Road, Inc. NJ NIA Stewart Title Company Ownership 13.260 Stewart Information Services Corpora N
00000 81-0569576 Third Capital Title Agency of Greater Cincinnati, Inc. OH NIA Stewart Title Company Ownership 40.000 Stewart Information Services Corpora N
00000 84-1446701 Title Records, LLC CO NIA Stewart Title Company Ownership 40.000 Stewart Information Services Corpora N
00000 75-2254859 U.S. Title Company of Wichita County I, Ltd TX NIA Stewart Title Company Ownership 48.400 Stewart Information Services Corpora N
00000 20-1849071 United Title Guaranty Agency, LLC AK NIA Stewart Title Company Ownership 40.000 Stewart Information Services Corpora N
00000 71-0922599 Yankton Title Company, Inc. SD NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 77-0354503 Asset Preservation, Inc. CA NIA Stewart Title Company Ownership 100.000 Stewart Information Services Corpora N
00000 35-2565708 API Stewart Holdings, LLC CA NIA Asset Preservation, Inc. Ownership 100.000 Stewart Information Services Corpora N
00000 26-2477928 Parked Properties NY, Inc. NY NIA Asset Preservation, Inc. Ownership 100.000 Stewart Information Services Corpora N
00000 38-3954960 First Ohio Title Insurance Agency, LTD OH IA Stewart Title Company Ownership 51.000 Stewart Information Services Corpora N
Asterik Explanation
NONE
12.2
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
PART 1 – LOSS EXPERIENCE
Current Year to Date 5
1 2 3 4
Other Income Direct Prior Year to Date
Direct Premiums (Page 4, Lines Direct Losses Loss Percentage Direct Loss
Written 1.2 + 1.3 + 2) Incurred
Cols. 3 / (1 + 2)
Percentage
1. Direct operations 157,915,426 25,681,784 17,884,053 9.70 10.20
2. Agency operations:
2.1 Non-affiliated agency operations 653,914,801 20,827,260 18,299,418 2.70 4.50
2.2 Affiliated agency operations 315,834,999 12,526,289 4.00 5.60
3. Totals 1,127,665,226 46,509,044 48,709,760 4.10 5.90
PART 2 – DIRECT PREMIUMS WRITTEN
1 2 3
Current Current Prior Year
Quarter Year to Date Year to Date
1. Direct operations 61,734,950 157,915,426 161,912,381
2. Agency operations:
2.1 Non-affiliated agency operations 235,289,891 653,914,801 529,783,634
2.2 Affiliated agency operations 125,718,961 315,834,999 270,830,602
3. Totals 422,743,802 1,127,665,226 962,526,617
13
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
Page 4 - Continuation
STATEMENT OF INCOME
1 2 3
Current Year Prior Year Prior Year Ended
REMAINING WRITE-INS AGGREGATED AT LINE 12 FOR MISCELLANEOUS INCOME OR (LOSS) To Date To Date December 31
1204. Realized gains(losses) on fixed assets (4,611) (53,499) (387,460)
1205. Fines and penalties (62,680) (360,114) (42,588)
1297. Totals (Lines 1204 through 1296) (Page 4, Line 1298) (67,291) (413,613) (430,048)
14
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE A - VERIFICATION
Real Estate
1 2
Prior Year
Year To Date Ended December 31
1. Book/adjusted carrying value, December 31 of prior year 411 2,011
2. Cost of acquired:
2.1 Actual cost at time of acquisition
2.2 Additional investment made after acquisition
3. Current year change in encumbrances
4. Total gain (loss) on disposals 1,509
5. Deduct amounts received on disposals 3,109
6. Total foreign exchange change in book/adjusted carrying value
7. Deduct current year’s other-than-temporary impairment recognized
8. Deduct current year’s depreciation
9. Book/adjusted carrying value at the end of current period (Lines 1 + 2 + 3 + 4 - 5 + 6 - 7 - 8) 411 411
10. Deduct total nonadmitted amounts
11. Statement value at end of current period (Line 9 minus Line 10) 411 411
SCHEDULE B - VERIFICATION
Mortgage Loans
1 2
Prior Year
Year To Date Ended December 31
1. Book value/recorded investment excluding accrued interest, December 31 of prior year 178,980 193,036
2. Cost of acquired:
2.1 Actual cost at time of acquisition
2.2 Additional investment made after acquisition
3. Capitalized deferred interest and other
4. Accrual of discount
5. Unrealized valuation increase (decrease)
6. Total gain (loss) on disposals
7. Deduct amounts received on disposals 149,945 14,056
8. Deduct amortization of premium and mortgage interest points and commitment fees
9. Total foreign exchange change in book value/recorded investment excluding accrued interest
10. Deduct current year’s other-than-temporary impairment recognized
11. Book value/recorded investment excluding accrued interest at end of current period (Lines 1 + 2 + 3 + 4 + 5 + 6 - 7 - 8 + 9 - 10) 29,035 178,980
12. Total valuation allowance
13. Subtotal (Line 11 plus Line 12) 29,035 178,980
14. Deduct total nonadmitted amounts
15. Statement value at end of current period (Line 13 minus Line 14) 29,035 178,980
SCHEDULE BA - VERIFICATION
Other Long-Term Invested Assets
1 2
Prior Year
Year To Date Ended December 31
1. Book/adjusted carrying value, December 31 of prior year 121,955
2. Cost of acquired:
2.1 Actual cost at time of acquisition
2.2 Additional investment made after acquisition
3. Capitalized deferred interest and other
4. Accrual of discount
5. Unrealized valuation increase (decrease) 17,683 (90,569)
6. Total gain (loss) on disposals 543,706
7. Deduct amounts received on disposals 561,389 31,386
8. Deduct amortization of premium and depreciation
9. Total foreign exchange change in book/adjusted carrying value
10. Deduct current year’s other-than-temporary impairment recognized
11. Book/adjusted carrying value at end of current period (Lines 1 + 2 + 3 + 4 + 5 + 6 - 7 - 8 + 9 - 10)
12. Deduct total nonadmitted amounts
13. Statement value at end of current period (Line 11 minus Line 12)
SCHEDULE D - VERIFICATION
Bonds and Stocks
1 2
Prior Year
Year To Date Ended December 31
1. Book/adjusted carrying value of bonds and stocks, December 31 of prior year 978,356,388 973,520,172
2. Cost of bonds and stocks acquired 66,114,329 85,695,492
3. Accrual of discount 372,727 401,554
4. Unrealized valuation increase (decrease) 5,433,492 (3,263,395)
5. Total gain (loss) on disposals (701,027) 2,318,437
6. Deduct consideration for bonds and stocks disposed of 62,744,265 84,800,571
7. Deduct amortization of premium 2,933,672 4,292,630
8. Total foreign exchange change in book/adjusted carrying value (5,054,658) 8,718,529
9. Deduct current year's other-than-temporary impairment recognized
10. Total investment income recognized as a result of prepayment penalties and/or acceleration fees 127,923 58,800
11. Book/adjusted carrying value at end of current period (Lines 1 + 2 + 3 + 4 + 5 - 6 - 7 + 8 - 9 + 10) 978,971,237 978,356,388
12. Deduct total nonadmitted amounts
13. Statement value at end of current period (Line 11 minus Line 12) 978,971,237 978,356,388
SI01
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Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
SCHEDULE D - PART 1B
Showing the Acquisitions, Dispositions and Non-Trading Activity
During the Current Quarter for all Bonds and Preferred Stock by NAIC Designation
1 2 3 4 5 6 7 8
Book/Adjusted Book/Adjusted Book/Adjusted Book/Adjusted Book/Adjusted
Carrying Value Acquisitions Dispositions Non-Trading Carrying Value Carrying Value Carrying Value Carrying Value
Beginning During Current During Current Activity During End of End of End of December 31
NAIC Designation of Current Quarter Quarter Quarter Current Quarter First Quarter Second Quarter Third Quarter Prior Year
BONDS
1. NAIC 1 (a) 433,835,999 11,138,316 10,457,126 3,025,148 422,711,830 433,835,999 437,542,337 438,719,585
2. NAIC 2 (a) 39,959,445 8,160,581 8,326,262 (141,051) 43,311,141 39,959,445 39,652,713 43,908,039
3. NAIC 3 (a)
4. NAIC 4 (a)
5. NAIC 5 (a)
6. NAIC 6 (a)
7. Total Bonds 473,795,444 19,298,897 18,783,388 2,884,097 466,022,971 473,795,444 477,195,050 482,627,624
PREFERRED STOCK
8. NAIC 1
9. NAIC 2
10. NAIC 3
11. NAIC 4
12. NAIC 5
13. NAIC 6
14. Total Preferred Stock
15. Total Bonds & Preferred Stock 473,795,444 19,298,897 18,783,388 2,884,097 466,022,971 473,795,444 477,195,050 482,627,624
(a) Book/Adjusted Carrying Value column for the end of the current reporting period includes the following amount of short-term and cash equivalent bonds by NAIC designation:
0
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NAIC 1 $ ; NAIC 2 $ ; NAIC 3 $ ; NAIC 4 $ ; NAIC 5 $ ; NAIC 6 $
SI02
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Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
NONE Schedule DA - Part 1 and Verification
NONE Schedule DB - Part A and B Verification
NONE Schedule DB - Part C - Section 1
NONE Schedule DB - Part C - Section 2
NONE Schedule DB - Verification
SI03-SI07
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE E PART 2 - VERIFICATION
(Cash Equivalents)
1 2
Prior Year
Year To Date Ended December 31
1. Book/adjusted carrying value, December 31 of prior year 22,771,022 13,617,024
2. Cost of cash equivalents acquired 295,307 147,403,998
3. Accrual of discount
4. Unrealized valuation increase (decrease)
5. Total gain (loss) on disposals
6. Deduct consideration received on disposals 22,227,071 138,250,000
7. Deduct amortization of premium
8. Total foreign exchange change in book/adjusted carrying value
9. Deduct current year's other-than-temporary impairment recognized
10. Book/adjusted carrying value at end of current period (Lines 1 + 2 + 3 + 4 + 5 - 6 - 7 + 8 - 9) 839,258 22,771,022
11. Deduct total nonadmitted amounts
12. Statement value at end of current period (Line 10 minus Line 11) 839,258 22,771,022
SI08
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Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
NONE Schedule A - Part 2 and 3
E01
Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
SCHEDULE B - PART 2
Showing All Mortgage Loans ACQUIRED AND ADDITIONS MADE During the Current Quarter
1
Location
4 5 6 7 8 9
2 3
Additional
Actual Cost Investment
Rate of at Time Made After Value of Land
Loan Number City State Loan Type Date Acquired Interest of Acquisition Acquisitions and Buildings
3399999 Totals X X X X X X
NONE
SCHEDULE B - PART 3
Showing All Mortgage Loans DISPOSED, Transferred or Repaid During the Current Quarter
1
Location
4 5 6 7
Change in Book Value/Recorded Investment
14 15 16 17 18
2 3
Book Value/ 8 9 10 11 12 13 Book Value/
Recorded Current Recorded
Investment Year's Other Investment Foreign
Excluding Unrealized Current than Capitalized Total Total Foreign Excluding Exchange Realized Total
Accrued Valuation Year's Temporary Deferred Change in Exchange Accrued Gain Gain Gain
Date Disposal Interest Increase (Amortization) / Impairment Interest and Book Value Change in Interest (Loss) on (Loss) on (Loss) on
Loan Number City State Loan Type Acquired Date Prior Year (Decrease) Accretion Recognized Other (8+9-10+11) Book Value on Disposal Consideration Disposal Disposal Disposal
300080 Plainfield NJ 10/11/2007 09/30/2020 37,267 29,035 2,095
0299999 Mortgages with partial repayments 37,267 29,035 2,095
059999 Totals 37,267 29,035 2,095
E02
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Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
SCHEDULE BA - PART 2
Showing Other Long-Term Invested Assets ACQUIRED AND ADDITIONS MADE During the Current Quarter
1 2 Location 5 6 7 8 9 10 11 12 13
3 4
Name of NAIC
CUSIP Vendor or Designation and Date Type Actual Cost Additional Commitment Percentage
Ident- Name General Administrative Originally and at Time of Investment Made Amount of for Additional of
ification or Description City State Partner Symbol Acquired Strategy Acquisition After Acquisition Encumbrances Investment Ownership
5099999 Totals X X X
NONE
SCHEDULE BA - PART 3
Showing Other Long-Term Invested Assets DISPOSED, Transferred or Repaid During the Current Quarter
1 2 Location
5 6 7 8
Change in Book/Adjusted Carrying Value
15 16 17 18 19 20
3 4
9 10 11 12 13 14
Book/Adjusted Current Year’s Current Year’s Total Book/Adjusted
Name of Carrying Unrealized (Depreciation) Other Than Capitalized Total Foreign Carrying Value Foreign Realized Total
CUSIP Purchaser Date Value Less Valuation or Temporary Deferred Change in Exchange Less Exchange Gain Gain
Ident- Name or Nature of Originally Disposal Encumbrances, Increase (Amortization)/ Impairment Interest and B./A.C.V. Change in Encumbrances Gain (Loss) (Loss) on (Loss) on Investment
ification or Description City State Disposal Acquired Date Prior Year (Decrease) Accretion Recognized Other (9+10-11+12) B./A.C.V. on Disposal Consideration on Disposal Disposal Disposal Income
00000-00-0 New England Title, LLC Portland ME New England Title, LLC 07/01/2010 09/30/2020 2,939 2,939 2,939
3199999 Non-collateral Loans - Unaffiliated 2,939 2,939 2,939
4899999 Total Unaffiliated 2,939 2,939 2,939
5099999 Totals 2,939 2,939 2,939
E03
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Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
SCHEDULE D - PART 3
Show All Long-Term Bonds and Stock Acquired During the Current Quarter
1 2 3 4 5 6 7 8 9 10
CUSIP Number Paid for NAIC
Ident- of Shares Accrued Interest Designation and
ification Description Foreign Date Acquired Name of Vendor of Stock Actual Cost Par Value and Dividends Administrative Symbol
563469-UJ-2 MANITOBA, PROVINCE OF 09/21/2020 RBC CAPITAL MARKETS 4,113,069 3,786,731.29 29,140 1FE
1099999 Subtotal - Bonds - All Other Governments X X X 4,113,069 3,786,731.29 29,140 X X X
046353-AV-0 ASTRAZENECA PLC C 08/07/2020 RBC CAPITAL MARKETS 8,160,581 8,195,000.00 797 2FE
22160K-AN-5 COSTCO WHOLESALE CORP 07/24/2020 WELLS FARGO BROKERAGE 1,135,055 1,095,000.00 4,099 1FE
617446-8Q-5 MORGAN STANLEY 07/24/2020 WELLS FARGO BROKERAGE 5,890,192 5,600,000.00 30,632 1FE
3899999 Subtotal - Bonds - Industrial and Miscellaneous (Unaffiliated) X X X 15,185,828 14,890,000.00 35,528 X X X
8399997 Subtotal - Bonds - Part 3 X X X 19,298,897 18,676,731 64,668 X X X
8399998 Summary Item from Part 5 for Bonds X X X X X X X X X X X X X X X
8399999 Total - Bonds X X X 19,298,897 18,676,731.29 64,668 X X X
03676B-10-2 ANTERO MIDSTREAM ORD 09/30/2020 J P MORGAN SECURITIES 900.000 5,003 1FE
0556EL-10-9 BP MIDSTREAM PARTNERS UNT 09/30/2020 MORGAN STANLEY 1,000.000 10,166 1FE
29273V-10-0 ENERGY TRANSFER UNT 09/30/2020 J P MORGAN SECURITIES 6,300.000 35,766 1FE
29336T-10-0 ENLINK MIDSTREAM COM UNT 09/30/2020 BARCLAY CAPITAL MARKETS 6,000.000 14,600 1FE
559080-10-6 MAGELLAN MIDSTREAM PARTNERS UNT 09/30/2020 MORGAN STANLEY 1,000.000 34,991 1FE
55336V-10-0 MPLX COM UNT 09/30/2020 MORGAN STANLEY 1,800.000 29,006 1FE
674599-16-2 OCCIDENTAL PETROLEUM CORPORATION 08/03/2020 Warrants 2,050.000 11,644 1FE
718549-20-7 PHILLIPS 66 PARTNERS COM UNT 09/30/2020 MORGAN STANLEY 3,600.000 84,771 1FE
726503-10-5 PLAINS ALL AMERICAN PIPELINE UNT 09/30/2020 J P MORGAN SECURITIES 3,200.000 19,360 1FE
72651A-20-7 PLAINS GP HOLDINGS CL A ORD 09/30/2020 J P MORGAN SECURITIES 3,100.000 19,223 1FE
822634-10-1 SHELL MIDSTREAM PARTNERS UNT 09/30/2020 WELLS FARGO 2,700.000 25,902 1FE
9099999 Subtotal - Common Stock - Industrial and Miscellaneous (Unaffiliated) Publicly Traded X X X 290,432 X X X X X X
86046#-10-1 STEWART TITLE COMPANY 09/30/2020 Captial Contribution 323,208 K
86047#-11-8 STEWART TITLE INSURANCE COMPANY 09/30/2020 Captial Contribution 36,687 K
9399999 Subtotal - Common Stock - Parent, Subsidiaries and Affiliates Other X X X 359,895 X X X X X X
9799997 Subtotal - Common Stock - Part 3 X X X 650,327 X X X X X X
9799998 Summary Item from Part 5 for Common Stocks X X X X X X X X X X X X X X X
9799999 Total - Common Stock X X X 650,327 X X X X X X
E04
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE D - PART 3
Show All Long-Term Bonds and Stock Acquired During the Current Quarter
1 2 3 4 5 6 7 8 9 10
CUSIP Number Paid for NAIC
Ident- of Shares Accrued Interest Designation and
ification Description Foreign Date Acquired Name of Vendor of Stock Actual Cost Par Value and Dividends Administrative Symbol
9899999 Total - Preferred and Common Stock X X X 650,327 X X X X X X
9999999 Totals X X X 19,949,224 X X X 64,668 X X X
E04.1
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE D - PART 4
Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of
During the Current Quarter
1 2 3 4 5 6 7 8 9 10
Change in Book/Adjusted Carrying Value
16 17 18 19 20 21 22
11 12 13 14 15
F Current Bond
o Prior Year's Book/ Interest/
r Number Year Current Other Total Total Adjusted Foreign Stock NAIC
e of Book/ Unrealized Year's Than Change Foreign Carrying Exchange Realized Total Dividends Stated Designation
CUSIP i Shares Adjusted Valuation (Amort- Temporary in Exchange Value at Gain Gain Gain Received Contractua and
Ident- g Disposal Name of of Consid- Par Actual Carrying Increase/ ization)/ Impairment B./A.C.V. Change in Disposal (Loss) on (Loss) on (Loss) on During Maturity Administrative
ification Description n Date Purchaser Stock eration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date
Symbol
563469-UG-8 MANITOBA, PROVINCE OF 09/05/2020 Maturity @ 100.00 3,445,372 3,445,371.72 3,397,247 3,470,121 (4,646) (4,646) (20,102) 3,445,372 54,062 09/05/2020 1FE
1099999 Subtotal - Bonds - All Other Governments X X X 3,445,372 3,445,371.72 3,397,247 3,470,121 (4,646) (4,646) (20,102) 3,445,372 54,062 X X X X X X
74526Q-LN-0 PUERTO RICO ELEC PWR AUTH PWR RE 07/01/2020 Maturity @ 100.00 100,000 100,000.00 101,500 100,000 100,000 5,000 07/01/2020 6FE
3199999 Subotal - Bonds - U.S. Special Revenue and Special Assessment Non-Guaranteed Obligati X X X 100,000 100,000.00 101,500 100,000 100,000 5,000 X X X X X X
097023-AH-8 BOEING CO 08/07/2020 WELLS FARGO BROKER 8,165,640 7,000,000.00 10,141,820 8,515,071 (188,809) (188,809) 8,326,262 (160,622) (160,622) 550,317 08/15/2024 2FE
617446-7P-8 MORGAN STANLEY 07/24/2020 Maturity @ 100.00 7,085,000 7,085,000.00 7,764,806 7,209,314 (124,314) (124,314) 7,085,000 389,675 07/24/2020 1FE
3899999 Subtotal - Bonds - Industrial and Miscellaneous (Unaffiliated) X X X 15,250,640 14,085,000.00 17,906,626 15,724,385 (313,123) (313,123) 15,411,262 (160,622) (160,622) 939,992 X X X X X X
8099999 Subtotal - Bonds - SVO Identified Funds X X X X X X X X X
8299999 Subtotal - Bonds - Unaffiliated Bank Loans X X X X X X X X X
8399997 Subtotal - Bonds - Part 4 X X X 18,796,012 17,630,372 21,405,373 19,294,506 (317,769) (317,769) (20,102) 18,956,634 (160,622) (160,622) 999,054 X X X X X X
8399998 Summary Item from Part 5 for Bonds X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X
8399999 Total - Bonds X X X 18,796,012 17,630,371.72 21,405,373 19,294,506 (317,769) (317,769) (20,102) 18,956,634 (160,622) (160,622) 999,054 X X X X X X
29336T-10-0 ENLINK MIDSTREAM COM UNT 08/13/2020 Return of Capital 3,188 3,188 3,188 3,188 3,188 1FE
72651A-20-7 PLAINS GP HOLDINGS CL A ORD 08/14/2020 Return of Capital 4,572 4,572 3,780 4,572 4,572 1FE
9099999 Subtotal - Common Stock - Industrial and Miscellaneous (Unaffiliated) Publicly Traded X X X 7,760 7,760 6,968 7,760 7,760 X X X X X X
9799997 Subtotal - Common Stock - Part 4 X X X 7,760 X X X 7,760 6,968 7,760 7,760 X X X X X X
9799998 Summary Item from Part 5 for Common Stocks X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X
9799999 Total - Common Stocks X X X 7,760 X X X 7,760 6,968 7,760 7,760 X X X X X X
9899999 Total - Preferred and Common Stocks X X X 7,760 X X X 7,760 6,968 7,760 7,760 X X X X X X
E05
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE D - PART 4
Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of
During the Current Quarter
1 2 3 4 5 6 7 8 9 10
Change in Book/Adjusted Carrying Value
16 17 18 19 20 21 22
11 12 13 14 15
F Current Bond
o Prior Year's Book/ Interest/
r Number Year Current Other Total Total Adjusted Foreign Stock NAIC
e of Book/ Unrealized Year's Than Change Foreign Carrying Exchange Realized Total Dividends Stated Designation
CUSIP i Shares Adjusted Valuation (Amort- Temporary in Exchange Value at Gain Gain Gain Received Contractua and
Ident- g Disposal Name of of Consid- Par Actual Carrying Increase/ ization)/ Impairment B./A.C.V. Change in Disposal (Loss) on (Loss) on (Loss) on During Maturity Administrative
ification Description n Date Purchaser Stock eration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date
Symbol
9999999 Totals 18,803,772 X X X 21,413,133 19,301,474 (317,769) (317,769) (20,102) 18,964,394 (160,622) (160,622) 1,006,814 X X X X X X
E05.1
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE DB - PART A - SECTION 1
Showing all Options, Caps, Floors, Collars, Swaps and Forwards Open as of Current Statement Date
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
Description Cumulative Current Hedge
of Item(s) Strike Price, Prior Year(s) Year Initial Total Effectiveness
Hedged, Used Exchange, Rate or Initial Cost Cost of Book/ Unrealized Foreign Adjustment Credit at Inception
for Income Schedule/ Type(s) of Counterparty Date of Index of Undiscounted Undiscounted Adjusted Valuation Exchange Current Year's to Carrying Quality of and at
Generation or Exhibit Risk(s) or Central Maturity or Number of Notional Received Premium Premium Current Carrying Increase/ Change in (Amortization)/ Value of Potential Reference Quarter-end
Description Replicated Identifier (a) Clearinghouse Trade Date Expiration Contracts Amount (Paid) (Received) (Received) Year Income Value Code Fair Value (Decrease) B./A.C.V. Accretion Hedged Item Exposure Entity (b)
Paid Paid
1759999999 Total X X X X X X X X X X X X X X X X X X X X X
NONE
(a) Code Description of Hedged Risk(s)
NONE
(b) Code Financial or Economic Impact of the Hedge at the End of the Reporting Period
NONE
E06
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
NONE Schedule DB - Part B - Section 1
NONE Schedule DB - Part D - Section 1
NONE Schedule DB - Part D - Section 2
NONE Schedule DB - Part E
NONE Schedule DL - Part 1
NONE Schedule DL - Part 2
E07-E12
Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE E - PART 1 - CASH
Month-End Depository Balances
1 2 3 4 5 Book Balance at End of Each 9
Amount of Amount of Month During Current Quarter
Interest Interest 6 7 8
Rate Received Accrued at
of During Current Current
Depository Code Interest Quarter Statement Date First Month Second Month Third Month *
Open Depositories - Section (A) - Segregated Funds Held for Others
Wells Fargo Bank, N.A. Tampa, FL 870,168 870,168 870,168
Bank of America Fairfield, CT 646,679 646,684 642,039
Wells Fargo Bank, N.A. Houston, TX 34,405,219 43,446,225 76,236,368
BBVA Compass Houston, TX 8,785,019 5,964,080 5,445,432
BBVA Compass Dallas, TX 12,552,908 12,371,139 11,555,801
BBVA Compass Houston, TX 19,922,957 22,596,811 22,283,408
JP Morgan Chase New York, NY 10,093,490 21,445,910 19,637,357
Wells Fargo Bank, N.A. Chicago, IL 32,260,097 46,974,054 46,993,853
Bank United Chicago, IL 32,086,348 22,317,043 25,798,677
JP Morgan Chase Chicago, IL 1,337,061 1,476,526 1,846,889
Wells Fargo Bank, N.A. Atlanta, GA 12,637,755 13,457,401 2,578,947
Wells Fargo Bank, N.A. Baltimore, MD 5,364,001 5,186,549 7,027,277
Wells Fargo Bank, N.A. Detroit, MI 2,599,804 2,616,978 2,585,551
Wells Fargo Bank, N.A. Boston, MA 15,561,201 15,932,005 22,299,862
Wells Fargo Bank, N.A. Columbus, OH 868,441 835,926 720,234
Wells Fargo Bank, N.A. Los Angeles, CA 4,212,275 11,482,151 14,745,217
Wells Fargo Bank, N.A. San Francisco, CA 18,308,905 8,281,027 12,590,446
Wells Fargo Bank, N.A. Seattle, WA 10,077,997 12,138,859 21,882,053
Wells Fargo Bank, N.A. Charlotte, NC 16,583,357 16,158,848 24,299,806
Wells Fargo Bank, N.A. Washingon, DC 3,826,045 1,363,532 894,607
Wells Fargo Bank, N.A. Washington, DC 3,886,797 4,270,476 161,154,331
Wells Fargo Bank, N.A. Chicago, IL 321,621 1,868,456 526,904
HSBC San Francisco, CA 2,000,000 2,000,000 2,000,000
Wells Fargo Bank, N.A. Houston, TX 16,410 456,986 368,903
Wells Fargo Bank, N.A. Houston, TX 6,169,506 4,427,127 1,280,299
Wells Fargo Bank, N.A. Houston, TX 7,129,762 41,263,062 78,238,152
Wells Fargo Bank, N.A. Houston, TX 2,651,403 5,862,751 15,474,147
Wells Fargo Bank, N.A. Houston, TX 2,281 418,272 406,484
Wells Fargo Bank, N.A. Houston, TX 414,847 635,408 1,850,791
Wells Fargo Bank, N.A. Houston, TX 1,188,788 193,081 3,265,008
Wells Fargo Bank, N.A. Houston, TX 593,649 2,569,939 3,733,641
Wells Fargo Bank, N.A. Houston, TX 33,572 1,154,205 5,210,106
Wells Fargo Bank, N.A. Houston, TX 257,048 1,028,434 3,995,949
US Bank Houston, TX 17,591,262 15,634,498 17,926,460
Wells Fargo Bank, N.A. Houston, TX 12,953,796 11,273,024 12,846,392
Wells Fargo Bank, N.A. Houston, TX 2,000,694 2,052,856 2,162,773
Wells Fargo Bank, N.A. Houston, TX 316,583
31
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0199998 Deposits in ( ) depositories which do X X X X X X 2,615,982 5,641,203 1,493,996 XXX
not exceed the allowable limit in any one depository
(see Instructions)
0199999 Total Segregated Funds Held for Others X X X X X X 302,827,145 366,311,694 633,184,911 XXX
Open Depositories - Section (B) - General Funds
JP Morgan Chase Houston, Texas 2,454,447 2,323,773 21,706,968
Wells Fargo Bank, N.A. Houston, Texas 27,135,799 34,954,319 19,273,031
Bank of Montreal Toronto, Canada 2,528,398 3,044,709 2,873,032
Bank of Montreal Toronto, Canada 245,250 1,943,204 371,212
Bank of Montreal Toronto, Canada 186,620 14,934 298,464
Bank of Montreal Toronto, Canada 25,300 16,963,168 19,344,790 23,256,280
Harris Bank Chicago, Illinois 1,157,096 1,157,043 1,159,688
JP Morgan Chase Houston, Texas 378,595 380,863 410,383
San Jose Bank San Jose, CR 415,815 420,166 427,303
BBVA USA Houston, Texas 0.030 39,748 33,818,902 33,833,263 33,844,757
Bank United Houston, Texas 0.035 7,020 8,002,365 8,004,720 8,007,010
Bank of Nova Scotia Toronto, Canada 57 400,599 484,573 257,790
Iberia Bank Houston, Texas 0.830 116,586 49,162,478 49,204,118 49,237,459
BBVA USA Custody Houston, Texas 0.060 317 1,591,265 1,648,879 1,081,585
BBVA USA Houston, Texas 0.060 55 205,634 300,234 306,769
Bank of Nova Scotia Toronto, Canada 1.900 12,215 32,575 2,545,539 2,613,997 2,550,922
Canadian Imperial Bank Toronto, Canada 1.800 4,822 1,633,954
Canadian Imperial Bank Toronto, Canada 1.800 7,513 29,459 1,652,677 1,697,050 1,656,172
Canadian Imperial Bank Toronto, Canada 0.350 500 500 1,708,191 1,667,044
Royal Bank of Canada Toronto, Canada 1.035 4,245 7,450 1,624,027 1,667,702 1,627,461
27
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0299998 Deposits in ( ) depositories which do X X X X X X 1,643 2,362 1,668,060 1,641,376 1,559,761 XXX
not exceed the allowable limit in any one depository
(see Instructions)
0299999 Total General Funds X X X X X X 220,021 72,346 153,770,688 166,387,904 171,573,091 XXX
Open Depositories - Section (C) - Reinsurance Reserve Funds
0
...........
0399998 Deposits in ( ) depositories which do X X X X X X XXX
not exceed the allowable limit in any one depository
(see Instructions)
0399999 Total Reinsurance Reserve Funds X X X X X X XXX
0499999 Total Open Depositories X X X X X X 220,021 72,346 456,597,833 532,699,598 804,758,002 XXX
E13
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Stewart Title Guaranty Company
..............................................................
Statement as of September 30, 2020 of the
SCHEDULE E - PART 1 - CASH
Month-End Depository Balances
1 2 3 4 5 Book Balance at End of Each 9
Amount of Amount of Month During Current Quarter
Interest Interest 6 7 8
Rate Received Accrued at
of During Current Current
Depository Code Interest Quarter Statement Date First Month Second Month Third Month *
Suspended Depositories - Section (A) - Seg. Funds Held for Others
0
...........
0599998 Deposits in ( ) depositories which do X X X X X X XXX
not exceed the allowable limit in any one depository
(see Instructions)
0599999 Total Segregated Funds Held for Others X X X X X X XXX
Suspended Depositories - Section (B) - General Funds
0
...........
0699998 Deposits in ( ) depositories which do X X X X X X XXX
not exceed the allowable limit in any one depository
(see Instructions)
0699999 Total General Funds X X X X X X XXX
Suspended Depositories - Section (C) - Reinsurance Reserve Funds
0
...........
0799998 Deposits in ( ) depositories which do X X X X X X XXX
not exceed the allowable limit in any one depository
(see Instructions)
0799999 Total Reinsurance Reserve Funds X X X X X X XXX
0899999 Total Suspended Depositories X X X X X X XXX
0999999 Total Cash on Deposit X X X X X X 220,021 72,346 456,597,833 532,699,598 804,758,002 XXX
1099999 Cash in Company's Office X X X X X X X X X X X X 186 191 187 XXX
1199999 Total Cash X X X X X X 220,021 72,346 456,598,019 532,699,789 804,758,189 XXX
E13.1
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Stewart Title Guaranty Company
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Statement as of September 30, 2020 of the
SCHEDULE E - PART 2 - CASH EQUIVALENTS
Show Investments Owned End of Current Quarter
1 2 3 4 5 6 7 8 9
Maturity Book/Adjusted Amount of Interest Amount Received
CUSIP Description Code Date Acquired Rate of Interest Date Carrying Value Due & Accrued During Year
31607A-20-8 FIDELITY IMM:P MM INST 06/30/2020 0.010 287,026 1,505
31607A-70-3 FIDELITY IMM:GOVT INSTL 09/30/2020 0.030 17
4812A0-36-7 JPMORGAN:PRIME MM CAP 09/01/2020 0.190 188,958 1,865
60934N-20-3 FEDERATED HRMS I PO IS 09/30/2020 0.770 863
60934N-58-3 FEDERATED HRMS I PV IS 09/30/2020 0.140 363,274 1,971
8699999 All Other Money Market Mutual Funds 839,258 6,221
8899999 Total Cash Equivalents 839,258 6,221
E14
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