Essent : Agents National Title Insurance Company Q4 2023

ANNUAL STATEMENT

OF THE

Agents National Title Insurance Company

TO THE

Insurance Department

OF THE

STATE OF

Missouri

FOR THE YEAR ENDED

DECEMBER 31, 2023

TITLE INSURANCE

2023

.MO

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE Agents National Title Insurance Company

ASSETS

				Current Year		Prior Year
		1		2	3	4
					Net Admitted Assets	Net Admitted
		Assets		Nonadmitted Assets	(Cols. 1 - 2)	Assets
1.	Bonds (Schedule D)	................. 65,639,429	...................................	................. 65,639,429	................... 6,583,942
2.	Stocks (Schedule D):
	2.1 Preferred stocks	...................................	...................................	0	0
	2.2 Common stocks	........................	30,500	...................................	30,500	107,940

3. Mortgage loans on real estate (Schedule B):

	3.1 First liens			...................................	...................................	0	0
	3.2 Other than first liens		6,126	6,126	0	0
4.	Real estate (Schedule A):
	4.1 Properties occupied by the company (less $
		encumbrances)			...................................	...................................	0	0
	4.2 Properties held for	the production of income (less
		$	encumbrances)	...................................	...................................	0	0
	4.3 Properties held for sale (less $
		encumbrances)			...................................	...................................	0	165,000
5.	Cash ($	3,484,965 , Schedule E - Part 1), cash equivalents
	($	................... 2,672,102	, Schedule E - Part 2) and short-term
	investments ($	5,982,593 , Schedule DA)	12,139,660	...................................	12,139,660	33,667,505
6.	Contract loans (including $	................................... premium notes)	...................................	...................................	0	0
7.	Derivatives (Schedule DB)		...................................	...................................	0	0
8.	Other invested assets (Schedule BA)	50,040	...................................	50,040	3,757,711
9.	Receivables for securities		...................................	...................................	0	0
10.	Securities lending reinvested collateral assets (Schedule DL)	...................................	...................................	0	0
11.	Aggregate write-ins for invested assets	0	0	0	0
12.	Subtotals, cash and invested assets (Lines 1 to 11)	77,865,755	6,126	77,859,629	44,282,098
13.	Title plants less $	charged off (for Title insurers
	only)			...................................	...................................	0	0
14.	Investment income due and accrued	215,422	...................................	215,422	41,851
15.	Premiums and considerations:
	15.1 Uncollected premiums and agents' balances in the course of collection	1,745,199	243,284	1,501,915	1,679,726
	15.2 Deferred premiums, agents' balances and installments booked but
		...................................deferred and not yet due (including $
		............................................................earned but unbilled premiums)	12,210	...................................	........................ 12,210	.................................0
	...................................15.3 Accrued retrospective premiums ($	) and
		contracts subject to redetermination ($	)	...................................	...................................	.................................0	0

16. Reinsurance:

	16.1	....................................................Amounts recoverable from reinsurers	........................ 99,478	...................................	........................ 99,478	........................ 99,478
	16.2	..........................Funds held by or deposited with reinsured companies	...................................	...................................	.................................0	.................................0
	16.3	........................Other amounts receivable under reinsurance contracts	...................................	...................................	.................................0	.................................0
17.	Amounts receivable relating to uninsured plans	...................................	...................................	.................................0	.................................0
18.1	Current federal and foreign income tax recoverable and interest thereon ....	................... 1,342,827	...................................	................... 1,342,827	...................... 144,271
18.2	Net deferred tax asset	...................................................................................	................... 1,396,555	................... 1,344,055	........................ 52,500	...................... 865,457
19.	......................................................Guaranty funds receivable or on deposit	...................................	...................................	.................................0	.................................0
20.	.....................................Electronic data processing equipment and software	........................ 83,199	...................................	........................ 83,199	...................... 146,688
21.	Furniture and equipment, including health care delivery assets
	($	)	........................ 75,045	........................ 75,045	.................................0	.................................0
22.	.........Net adjustment in assets and liabilities due to foreign exchange rates	...................................	...................................	.................................0	.................................0
23.	.....................................Receivables from parent, subsidiaries and affiliates	...................................	...................................	.................................0	...................... 665,165
24.	Health care ($	) and other amounts receivable	...................................	...................................	0	0
25.	Aggregate write-ins for other than invested assets	1,589,510	919,086	670,424	855,460

26. Total assets excluding Separate Accounts, Segregated Accounts and

	Protected Cell Accounts (Lines 12 to 25)	84,425,200	2,587,596	81,837,604	48,780,194
27.	From Separate Accounts, Segregated Accounts and Protected Cell
	Accounts	...................................	...................................	0	0
28.	Total (Lines 26 and 27)	84,425,200	2,587,596	81,837,604	48,780,194
	DETAILS OF WRITE-INS
1101.	....................................................................................................................	...................................	...................................	.................................0	.................................0
1102.	....................................................................................................................	...................................	...................................	.................................0	.................................0
1103.	....................................................................................................................	...................................	...................................	.................................0	.................................0
1198.	Summary of remaining write-ins for Line 11 from overflow page	.................................0	.................................0	.................................0	.................................0
1199.	Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above)	0	0	0	0
2501.	Prepaid expenses and retainers	.......................584,774	.......................584,774	.................................0	.................................0
2502.	Other receivables	...................... 989,942	...................... 319,518	...................... 670,424	............................. 502
2503.	Deposit	........................ 14,794	........................ 14,794	.................................0	.................................0
2598.	...................Summary of remaining write-ins for Line 25 from overflow page	0	0	0	854,958
2599.	Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)	1,589,510	919,086	670,424	855,460

2

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE Agents National Title Insurance Company

LIABILITIES, SURPLUS AND OTHER FUNDS

						1	2
						Current Year	Prior Year
1.	Known claims reserve (Part 2B, Line 3, Col. 4)			................... 3,045,224	................... 1,436,698
2.	Statutory premium reserve (Part 1B, Line 2.6, Col. 1)			................. 20,129,568	................. 19,656,600
3.	Aggregate of other reserves required by law			...................................	.................................0
4.	Supplemental reserve (Part 2B, Col. 4, Line 10)			.................................0	.................................0
5.	Commissions, brokerage and other charges due or accrued to attorneys, agents and real estate brokers	...................................	...................................
6.	...............................................................................................................Other expenses (excluding taxes, licenses and fees)			...................... 851,456	................... 1,011,718
7.	Taxes, licenses and fees (excluding federal and foreign income taxes)		........................ 68,724	...................... 281,586
8.1	Current federal and foreign income taxes (including $	..............on realized capital gains (losses))	.................................0	.................................0
8.2	Net deferred tax liability				........................ 52,500	........................ 86,929
9.	Borrowed money $	...................................and interest thereon $	..............................................	...................................	...................................
10.	Dividends declared and unpaid	.................................................................................................................................................			...................................	...................................
11.	Premiums and other consideration received in advance			.......................123,172	.......................476,543
12.	Unearned interest and real estate income received in advance			...................................	...................................
13.	..................................................................................................................Funds held by company under reinsurance treaties			.................................0	.................................0
14.	..............................................................................................Amounts withheld or retained by company for account of others			...................................	...................................
15.	.................................Provision for unauthorized and certified ($	0 ) reinsurance	.................................................................	.................................0	.................................0
16.	...................................................................................Net adjustments in assets and liabilities due to foreign exchange rates		...................................	...................................
17.	Drafts outstanding				...................................	...................................
18.	............................................................................................................................Payable to parent, subsidiaries and affiliates			...................... 178,226	...................... 134,908
19.	Derivatives				.................................0	.................................0
20.	Payable for securities				...................................	...................................
21.	Payable for securities lending				...................................	...................................
22.	Aggregate write-ins for other liabilities			0	0
23.	Total liabilities (Lines 1 through 22)			24,448,870	23,084,982
24.	Aggregate write-ins for special surplus funds			.................................0	.................................0
25.	Common capital stock				...................2,000,000	...................2,000,000
26.	Preferred capital stock				...................................	...................................
27.	Aggregate write-ins for other than special surplus funds			.................................0	.................................0
28.	Surplus notes				.......................573,482	...................... 602,884
29.	.......................................................................................................................................Gross paid in and contributed surplus			................. 50,788,762	................. 12,733,013
30.	Unassigned funds (surplus)				...................4,026,490	................. 10,359,315
31.	Less treasury stock, at cost:
	31.1	shares common (value included in Line 25	$	)	...................................	...................................
	31.2	shares preferred (value included in Line 26	$	)	...................................	...................................
32.	Surplus as regards policyholders (Lines 24 to 30, less 31) (Page 4, Line 32)	57,388,734	25,695,212
33.	Totals (Page 2, Line 28, Col. 3)				81,837,604	48,780,194
	DETAILS OF WRITE-INS
0301		....................................
0302		....................................
0303		....................................
0398.	................................................................................................Summary of remaining write-ins for Line 3 from overflow page			.................................0	.................................0
0399.	Totals (Lines 0301 through 0303 plus 0398)(Line 3 above)				0	0
2201		....................................
2202		....................................
2203		....................................
2298.	..............................................................................................Summary of remaining write-ins for Line 22 from overflow page			.................................0	.................................0
2299.	Totals (Lines 2201 through 2203 plus 2298)(Line 22 above)				0	0
2401		....................................

2402		....................................
2403		....................................
2498.	Summary of remaining write-ins for Line 24 from overflow page	.................................0	.................................0
2499.	Totals (Lines 2401 through 2403 plus 2498)(Line 24 above)	0	0
2701		....................................
2702		....................................
2703		....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	.................................0	.................................0
2799.	Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)	0	0

3

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE Agents National Title Insurance Company

OPERATIONS AND INVESTMENT EXHIBIT

	STATEMENT OF INCOME		1	2
			Current Year	Prior Year
	OPERATING INCOME
1.	Title insurance and related income (Part 1):
	1.1 Title insurance premiums earned (Part 1B, Line 3, Col. 1)	................. 68,255,903	................. 89,387,380
	1.2 Escrow and settlement services (Part 1A, Line 2, Col. 4)	.................................0	.................................0
	...........................................................1.3 Other title fees and service charges (Part 1A, Total of Lines 3, 4, 5 and 6, Col. 4)	................... 1,796,355	................... 2,885,433
2.	Other operating income (Part 4, Line 2, Col. 5)	0
3.	Total Operating Income (Lines 1 through 2)	................. 70,052,258	................. 92,272,813
	EXPENSES
4.	Losses and loss adjustment expenses incurred (Part 2A, Line 10, Col. 4)	...................4,502,652	................... 1,923,884
5.	Operating expenses incurred (Part 3, Line 24, Col. 4)	................. 69,446,218	................. 89,845,266
6.	Other operating expenses (Part 4, Line 6, Col. 5)
7.	Total Operating Expenses	73,948,870	91,769,150
8.	Net operating gain or (loss) (Lines 3 minus 7)	(3,896,612)	503,663
	INVESTMENT INCOME
9.	Net investment income earned (Exhibit of Net Investment Income, Line 17)	...................1,229,206	...................... 963,902
10.	Net realized capital gains (losses) less capital gains tax of $	...(Exhibit of Capital Gains (Losses))	(4,203,098)	(350,606)
11.	Net investment gain (loss) (Lines 9 + 10)	................. (2,973,892)	...................... 613,296
	OTHER INCOME
12.	Aggregate write-ins for miscellaneous income or (loss) or other deductions	........................ 26,150	........................ 22,601
13.	Net income, after capital gains tax and before all other federal income taxes (Lines 8+11+12)	................. (6,844,354)	................... 1,139,560
14.	Federal and foreign income taxes incurred	(1,198,556)	412,195
15.	Net income (Lines 13 minus 14)	(5,645,798)	727,365
	CAPITAL AND SURPLUS ACCOUNT
16.	......................................................Surplus as regards policyholders, December 31 prior year (Page 3, Line 32, Column 2)	................. 25,695,212	................. 23,224,467
17.	Net income (from Line 15)	................. (5,645,798)	.......................727,365
18.	Change in net unrealized capital gains (losses) less capital gains tax of $	....................................	...................... 290,489	.....................(290,489)
19.	Change in net unrealized foreign exchange capital gain (loss)	...................................	...................................
20.	Change in net deferred income tax	...................... 255,199	.....................(305,533)
21.	Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 28, col. 3)	.....................(596,952)	................... 2,025,730
22.	.....................................Change in provision for unauthorized and certified reinsurance (Page 3, Line 15, Cols. 2 minus 1)	.................................0	.................................0
23.	Change in supplemental reserves (Page 3, Line 4, Cols. 2 minus 1)	.................................0	.................................0
24.	Change in surplus notes	...................... (29,402)	........................ 23,483
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	................. 38,055,749	.......................313,671
	27.2 Transferred to capital (Stock Dividend)	...................................	...................................
	27.3 Transferred from capital	...................................	...................................
28.	Dividends to stockholders	...................................	...................................
29.	Change in treasury stock (Page 3, Lines (31.1) and (31.2), Cols. 2 minus 1)	.................................0	.................................0
30.	Aggregate write-ins for gains and losses in surplus	(635,763)	(23,482)
31.	Change in surplus as regards policyholders (Lines 17 through 30)	31,693,522	2,470,745
32.	Surplus as regards policyholders, December 31 current year (Lines 16 plus 31) (Page 3, Line 32)	57,388,734	25,695,212
	DETAILS OF WRITE-INS
1201.	Rental income	...................................	.................................0
1202.	Other income	........................ 26,150	........................ 22,601
1203	....................................	....................................
1298.	Summary of remaining write-ins for Line 12 from overflow page	.................................0	.................................0
1299.	Totals (Lines 1201 through 1203 plus 1298)(Line 12 above)		26,150	22,601
3001.	Prior Period Correction	.....................(665,165)	...................................
3002.	Change in Accrued Interest	........................ 29,402	.......................(23,482)
3003	....................................	....................................
3098.	Summary of remaining write-ins for Line 30 from overflow page	.................................0	.................................0
3099.	Totals (Lines 3001 through 3003 plus 3098)(Line 30 above)		(635,763)	(23,482)

4

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE Agents National Title Insurance Company

CASH FLOW

			1	2
			Current Year	Prior Year
	Cash from Operations
1.	Premiums collected net of reinsurance	................. 72,719,977	................. 58,550,460
2.	Net investment income	.......................978,308	.......................309,153
3.	Miscellaneous income	277	1,614
4.	Total (Lines 1 through 3)	73,698,562	58,861,227
5.	Benefit and loss related payments	................... 2,618,713	................... 1,154,137
6.	.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	...................................	...................................
7.	Commissions, expenses paid and aggregate write-ins for deductions	................. 70,983,571	................. 47,754,468
8.	Dividends paid to policyholders	...................................	...................................
9.	Federal and foreign income taxes paid (recovered) net of $	tax on capital gains (losses)	0	1,410,918
10.	Total (Lines 5 through 9)	73,602,284	50,319,523
11.	Net cash from operations (Line 4 minus Line 10)	96,278	8,541,704

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

	12.1	Bonds	................... 3,076,316	................... 2,759,151
	12.2	Stocks	........................ 30,500	.................................0
	12.3	Mortgage loans	.................................0	............................. 340
	12.4	Real estate	.......................182,677	.................................0
	12.5	Other invested assets	................... 5,030,677	................... 7,436,298
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	.................................0	.................................0
	12.7	Miscellaneous proceeds	0	0
	12.8 Total investment proceeds (Lines 12.1 to 12.7)	................... 8,320,170	................. 10,195,789
13.	Cost of investments acquired (long-term only):
	13.1	Bonds	................. 30,046,096	................... 2,110,935
	13.2	Stocks	..........................3,100	........................ 28,600
	13.3	Mortgage loans	.................................0	.................................0
	13.4	Real estate	..........................4,000	.................................0
	13.5	Other invested assets	................... 4,180,678	................. 11,644,616
	13.6	Miscellaneous applications	0	0
	13.7	Total investments acquired (Lines 13.1 to 13.6)	34,233,874	13,784,151
14.	Net increase/(decrease) in contract loans and premium notes	0	0
15.	Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)	(25,913,704)	(3,588,362)
		Cash from Financing and Miscellaneous Sources
16.	Cash provided (applied):
	16.1	Surplus notes, capital notes	...................... (29,402)	........................ 23,483
	................................................................................................................16.2 Capital and paid in surplus, less treasury stock	...................6,000,000	.................................0
	.................................................................................................................................................................16.3 Borrowed funds	.................................0	.................................0
	..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities	.................................0	.................................0
	.................................................................................................................................................16.5 Dividends to stockholders	.................................0	.................................0
	...........................................................................................................................................16.6 Other cash provided (applied)	(1,681,017)	(1,316,476)
17.	Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)	4,289,581	(1,292,993)
		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)	(21,527,845)	3,660,349
19.	Cash, cash equivalents and short-term investments:
	...............................................................................................................................................................19.1 Beginning of year	................. 33,667,505	................. 30,007,156
	19.2 End of year (Line 18 plus Line 19.1)	12,139,660	33,667,505

Note: Supplemental disclosures of cash flow information for non-cash transactions:

5

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE Agents National Title Insurance Company

OPERATIONS AND INVESTMENT EXHIBIT

PART 1A - SUMMARY OF TITLE INSURANCE PREMIUMS WRITTEN AND RELATED REVENUES

			1	Agency Operations	4	5
				2	3	Current Year
			Direct	Non-Affiliated	Affiliated	Total	Prior Year
			Operations	Agency Operations	Agency Operations	(Cols. 1+2+3)	Total
1.	Direct premiums written (Sch. T, Line 59, Cols. 3, 4
	and 5)	.................................0	57,309,987	12,058,721	69,368,708	93,902,067
2.	Escrow and settlement service charges	...................................	...................................	...................................	.................................0	0
3.	Title examinations	...................................	...................................	...................................	.................................0	0
4.	Searches and abstracts	...................................	...................... 684,149	...................................	684,149	0
5.	Surveys	...................................	...................................	...................................	.................................0	0
6.	Aggregate write-ins for service charges		843,619	268,587	1,112,206	2,885,433
0
7.	Totals (Lines 1 to 6)	0	58,837,755	12,327,308	71,165,063	96,787,500
	DETAILS OF WRITE-INS
0601.	..............................................TIEFF fee - Indiana	...................................	........................ 21,510	1,065	........................ 22,575	30,870
0602.	Other Title Service Fee's	...................................	........................ 26,163	25,470	51,633	696,155
0603.	CPL Fees	...................................	.......................794,038	241,086	1,035,124	2,150,461
0698. Summary of remaining write-ins for Line 6 from
	overflow page	.................................0	1,908	966	2,874	7,947
0699. Totals (Lines 0601 thru 0603 plus 0698)(Line 6
	above)	0	843,619	268,587	1,112,206	2,885,433
			PART 1B - PREMIUMS EARNED EXHIBIT
						1	2
						Current Year	Prior Year
1.	Title premiums written:
	1.1	Direct (Part 1A, Line 1, Col. 4)				................. 69,368,708	................. 93,902,067
	1.2	Assumed				.................................0	.................................0
	1.3	Ceded				.......................639,837	................... 1,450,975
	1.4	Net title premiums written (Lines 1.1+1.2-1.3)				68,728,871	92,451,092
4.	Statutory premium reserve:
	2.1	Balance at December 31 prior year				................. 19,656,600	16,592,888
	2.2	........................................................................................................Aggregate write-ins for book adjustments to Line 2.1			.................................0	.................................0
	2.3	Additions during the current year				...................2,584,991	................... 4,773,117
	2.4	Withdrawals during the current year				................... 2,112,023	1,709,405
	2.5	........................................................................Aggregate write-ins for other adjustments not effecting earned premiums		.................................0	.................................0
	2.6	................................................................................Balance at December 31 current year (Lines 2.1+2.2+2.3-2.4+2.5)			20,129,568	19,656,600
3.	Net title premiums earned during year (Lines 1.4+2.1+2.5-2.6) (Sch. T, Line 59, Col. 7)		68,255,903	89,387,380
	DETAILS OF WRITE-INS
02.201.	........................................................................................................................................................................................................................................					....................................
02.202.	........................................................................................................................................................................................................................................					....................................
02.203.	........................................................................................................................................................................................................................................					....................................
.............................................................................................02.298. Summary of remaining write-ins for Line 2.2 from overflow page			.................................0	.................................0
02.299. Totals (Lines 02.201 thru 02.203 plus 02.298)(Line 2.2 above)			0	0
02.501.	........................................................................................................................................................................................................................................					....................................
02.502.	........................................................................................................................................................................................................................................					....................................
02.503.	........................................................................................................................................................................................................................................					....................................
.............................................................................................02.598. Summary of remaining write-ins for Line 2.5 from overflow page			.................................0	0
02.599. Totals (Lines 02.501 thru 02.503 plus 02.298)(Line 2.5 above)			0	0

6

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE Agents National Title Insurance Company

OPERATIONS AND INVESTMENT EXHIBIT

PART 2A - LOSSES PAID AND INCURRED

		1	Agency Operations	4	5
			2	3	Total
		Direct	Non-Affiliated	Affiliated	Current Year	Total
		Operations	Agency Operations	Agency Operations	(Cols. 1+2+3)	Prior Year
1.	Losses and allocated loss adjustment expenses
	paid - direct business, less salvage and
	subrogation (Total same as Sch. T, Line 59, Col.
	8)	...................................	................... 2,643,941	(25,228)	2,618,713	939,828
2.	Losses and allocated loss adjustment expenses
	paid - reinsurance assumed, less salvage and
	subrogation	...................................	...................................	...................................	.................................0	0
3.	Total (Line 1 plus Line 2)	.................................0	2,643,941	(25,228)	2,618,713	939,828
4.	Deduct: Recovered during year from reinsurance .	...................................	...................................	...................................	.................................0	0
5.	Net payments (Line 3 minus Line 4)	.................................0	................... 2,643,941	...................... (25,228)	................... 2,618,713	...................... 939,828
6.	Known claims reserve - current year (Page 3, Line
	1, Column 1)	...................................	...................... 959,300	...................2,085,924	................... 3,045,224	................... 1,436,698
7.	Known claims reserve - prior year (Page 3, Line 1,
	Column 2)	...................................	...................... 913,299	523,399	1,436,698	666,650
8.	Losses and allocated loss adjustment expenses
	incurred (Line 5 plus Line 6 minus Line 7)	.................................0	2,689,942	1,537,297	4,227,239	1,709,876
9.	Unallocated loss adjustment expenses incurred
	(Part 3, Line 24, Column 5)	...................................	...................... 160,991	114,422	275,413	214,008
10.	Losses and loss adjustment expenses incurred
	(Line 8 plus Line 9)	0	2,850,933	1,651,719	4,502,652	1,923,884

7

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE Agents National Title Insurance Company

OPERATIONS AND INVESTMENT EXHIBIT

PART 2B - UNPAID LOSSES PAID AND LOSS ADJUSTMENT EXPENSES

		1	Agency Operations	4	5
			2	3	Total
		Direct	Non-Affiliated	Affiliated	Current Year	Total
		Operations	Agency Operations	Agency Operations	(Cols. 1+2+3)	Prior Year
1.	Loss and allocated LAE reserve for title and other
	losses of which notice has been received:
	1.1 Direct (Schedule P, Part 1, Line 12, Col. 17) ...	.................................0	...................... 959,300	...................2,085,924	................... 3,045,224	................... 1,436,698
	1.2 Reinsurance assumed (Schedule P, Part 1, Line
	12, Col. 18)	...................................	...................................	...................................	.................................0	0
2.	Deduct reinsurance recoverable (Schedule P, Part
	1, Line 12, Col. 19)	0			0	0
3.	Known claims reserve net of reinsurance (Line 1.1
	plus Line 1.2 minus Line 2)	.................................0	959,300	2,085,924	3,045,224	1,436,698
4.	Incurred But Not Reported:
	4.1 Direct (Schedule P, Part 1, Line 12, Col. 20) ...	.................................0	5,022,000	4,128,000	9,150,000	9,429,000
	4.2 Reinsurance assumed (Schedule P, Part 1, Line
	12, Col. 21)	.................................0	...................................	...................................	0	0
	4.3 Reinsurance ceded (Schedule P, Part 1, Line
	12, Col. 22)	0	35,000	25,000	60,000	21,000
	4.4 Net incurred but not reported (Line 4.1 plus Line
	4.2 minus Line 4.3)	.................................0	4,987,000	4,103,000	9,090,000	9,408,000
5.	Unallocated LAE reserve (Schedule P, Part 1, Line
	12, Col. 23)	...................................	...................... 968,000	...................... 740,000	................... 1,708,000	...................1,999,000
6.	Less discount for time value of money, if allowed
	(Schedule P, Part 1, Line 12, Col. 33)	XXX	XXX	XXX	0	0
7.	Total Schedule P reserves (Lines 3 + 4.4 + 5 - 6)
	(Schedule P, Part 1, Line 12, Col. 34	...............XXX	...............XXX	...............XXX	13,843,224	12,843,698
8.	Statutory premium reserve at year end (Part 1B,
	Line 2.6)	...............XXX	...............XXX	...............XXX	................. 20,129,568	................. 19,656,600
9.	Aggregate of other reserves required by law (Page
	3, Line 3)	XXX	XXX	XXX	0
10.	Supplemental reserve (a) (Lines 7 - (3 + 8 + 9)	XXX	XXX	XXX	0	0

(a) If the sum of Lines 3 + 8 + 9 is greater than Line 7, place a "0" in this Line.

8

9

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE Agents National Title Insurance Company

OPERATIONS AND INVESTMENT EXHIBIT

PART 3 - EXPENSES

		Title and Escrow Operating Expenses		5	6	7		Totals
	1	Agency Operations	4				8		9
		2	3
		Non-affiliated	Affiliated		Unallocated
	Direct	Agency	Agency	Total	Loss Adjustment	Other	Investment	Current Year		Prior
	Operations	Operations	Operations	(Cols. 1+2+3)	Expenses	Operations	Expenses	(Cols. 4+5+6+7)		Year

1. Personnel costs:

	1.1	Salaries	...................................	................... 6,084,443	...................1,166,909	................... 7,251,352	...................... 230,228	...................................	...................................	................... 7,481,580	................... 7,046,108
	1.2	Employee relations and welfare	...................................	...................... 585,553	...................... 112,301	...................... 697,854	........................ 19,134	...................................	...................................	...................... 716,988	...................... 550,428
	1.3	Payroll taxes	...................................	...................... 470,814	........................ 90,296	...................... 561,110	........................ 26,051	...................................	...................................	...................... 587,161	...................... 495,639
	1.4	Other personnel costs		1,000,434	191,869	1,192,303				1,192,303	1,016,371
	1.5	Total personnel costs	.................................0	...................8,141,244	................... 1,561,375	................... 9,702,619	.......................275,413	.................................0	.................................0	................... 9,978,032	...................9,108,546
2.	Amounts paid to or retained by title agents	...................................	45,093,536	9,939,400	55,032,936	...................................	...................................	...................................	55,032,936	74,885,294

3. Production services (purchased outside):

	3.1 Searches, examinations and abstracts		...................................	...................................	...................................	0	...................................	...................................	...................................	.................................	0	0
	3.2 Surveys					0				.................................	0		0
		...................................	...................................	...................................	...................................	...................................	...................................
	3.3 Other			.......................750,531	...................... 143,941	...................... 894,472				......................	894,472			...................... 658,961
		...................................	...................................	...................................	...................................
4.	Advertising		...................................	...................................	...................................	0	...................................	...................................	...................................	.................................	0		0
5.	Boards, bureaus and associations		...................................	22,616	4,338	26,954	...................................	...................................	...................................	........................	26,954		45,794
6.	Title plant rent and maintenance		...................................	...................................	...................................	0	...................................	...................................	...................................	.................................	0		0
7.	Claim adjustment services		...............XXX	XXX	XXX	XXX		...............XXX	XXX	.................................	0		0
	...................................
8.	Amounts charged off, net of recoveries									..........................	1,011
	...................................	............................. 848	............................. 163	..........................1,011	...................................	...................................	...................................				........................ 57,729
9.	Marketing and promotional expenses		...................................	.......................132,530	........................ 25,417	.......................157,947	...................................	...................................	...................................	.......................	157,947			...................... 261,887
10.	Insurance		...................................	292,308	56,060	348,368	...................................	...................................	...................................	.......................	348,368		207,859
11.	Directors' fees		...................................	...................................	...................................	0	...................................	...................................	...................................	.................................	0		0
12.	Travel and travel items		...................................	759,025	145,570	904,595	...................................	...................................	...................................	......................	904,595		1,080,249
13.	Rent and rent items			219,989	42,191	262,180				......................	262,180		271,780
	...................................	...................................	...................................	...................................
14.	Equipment									..........................	4,696
	...................................	..........................3,940	............................. 756	..........................4,696	...................................	...................................	...................................				........................ 13,560
15.	Cost or depreciation of EDP equipment and software									...................	1,398,557
	...................................	1,172,392	224,848	1,397,240	...................................	...................................	1,317			1,210,190
16.	Printing, stationery, books and periodicals		...................................	14,262	2,735	16,997	...................................	...................................	...................................	........................	16,997		27,520
17.	Postage, telephone, messengers and express			(39,555)	(7,586)	(47,141)				.......................	(47,141)		(25,419)
	...................................	...................................	...................................	...................................
18.	Legal and auditing			257,497	49,384	306,881					306,881		190,197
19.	Totals (Lines 1.5 to 18)	0	56,821,163	12,188,592	69,009,755	275,413	0	1,317	.................	69,286,485		87,994,147
20.	Taxes, licenses and fees:
	20.1 State and local insurance taxes		...................................	173,566	33,287	206,853	...................................	...................................	...................................	......................	206,853		1,685,592
	20.2 Insurance department licenses and fees		...................................	150,861	28,933	179,794	...................................	...................................	...................................	.......................	179,794		262,030
	20.3 Gross guaranty association assessments			0	0	0				.................................	0		750
		...................................	...................................	...................................	...................................
	20.4 All other (excluding federal income and real estate)			6,377	1,223	7,600					7,600		72,751
	20.5 Total taxes, licenses and fees (Lines 20.1 + 20.2 + 20.3 + 20.4)	0	330,804	63,443	394,247	0	0	0	.......................	394,247		2,021,123
21.	Real estate expenses					0				.................................	0		0
	...................................	...................................	...................................	...................................	...................................	...................................
22.	Real estate taxes			13,349	2,560	15,909				........................	15,909		19,678
	...................................	...................................	...................................	...................................
23.	Aggregate write-ins for other expenses	0	22,074	4,233	26,307	0	0	0		26,307		32,157
										(a)	69,722,948
24.	Total expenses incurred (Lines 19+20.5+21+22+23)	0	57,187,389	12,258,829	69,446,218	275,413	0	1,317		90,067,105
						0							1,999,000
25.	Less unpaid expenses - current year		...................................	...................................	...................................	1,708,000	...................................	...................................	...................	1,708,000
26.	Add unpaid expenses - prior year					0	1,999,000				1,999,000		1,747,000
27.	TOTAL EXPENSES PAID (Lines 24 - 25 + 26)	0	57,187,389	12,258,829	69,446,218	566,413	0	1,317		70,013,948		89,815,105
	DETAILS OF WRITE-INS
2301.	Lobbying expense									........................	22,407
		........................ 18,801	..........................3,606	........................ 22,407	...................................	...................................	...................................				........................ 32,157
2302.	Charitable expenses			.......................... 3,272	............................. 628	..........................3,900				..........................	3,900			.................................0
		...................................	...................................	...................................
2303.	Miscellaneous					.................................0				.................................	0			.................................0
		...................................	...................................	...................................	...................................	...................................
2398.	Summary of remaining write-ins for Line 23 from overflow page		.................................0	.................................0	.................................0	.................................0	.................................0	.................................0	.................................0	.................................	0			.................................0
2399.	Totals (Lines 2301 thru 2303 plus 2398)(Line 23 above)	0	22,074	4,233	26,307	0	0	0		26,307		32,157

(a) Includes management fees of $

to affiliates and $

to non-affiliates.