wwwentitleinscom EnTitle Insurance Company has been in business for over 30 years EnTitle Insurance Company using its directtoconsumer distribution channel ENTITLE DIRECT offers its customers s ID: 344756
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4600 Rockside Road, Suite 104 wwwentitleinscom EnTitle Insurance Company has been in business for over 30 years. EnTitle Insurance Company, using its direct-to-consumer distribution channel, ENTITLE DIRECT, offers its customers savings of up to 35 percent on title insurance. The Company is the first in the industry to offer title insurance directly to consumers and is licensed in 40 states and the District of Columbia. Consumers have already saved millions of dollars on title insurance through ENTITLE DIRECT. www . entitleins . Liabilities -3rd Quarter 2012 Net Admitted Assets -3rd Quarter 2012 PERCENT PERCENT PERCENT BALANCE SHEET REPORT - 3RD QUARTER 2012 PERCENT LIABILITIES AND PERCENT PERCENT PERCENT 9/30/12TOTAL12/31/11CHANGE9/30/12TOTAL12/31/112,426,37512.57%3,433,251-29.33%300,3391.56%974,9120.00%00.00%4,587,48023.77%4,161,2676,258,02132.43%5,595,68911.84%19,6610.10%3,042 CHANGE-69.19%KNOWN CLAIM RESERVE10.24% LIABILITIES AND POLICYHOLDERS' SURPLUS 0.00%00.00%136,9380.71%62,4928,684,39645.00%9,028,940-3.82%250,8401.30%602,814104,9850.54%79,80131.56%5,295,25827.44%5,804,527PAYABLE TO PARENT, SUBSIDIARIES AND AFFILIATES119.13%SUBTOTAL CASH AND INVESTED ALL OTHER LIABILITIES-58.39% POLICYHOLDERS SURPLUS ALL OTHER ASSETS PREMIUMS AND AGENTS' TOTAL LIABILITIES-8.77% 10,507,37954.45%1,905,676451.37%14,001,50272.56%5,209,88919,296,760100.00%11,014,41775.20%19,296,760100.00%11,014,416Important: Financial Stability Ratings must be verified by visiting www.demotech.com. Report data relies on submitted quarterly financial statements. Demotech makes no warranties or statements as to the accurancy of this information.TOTAL NET ADMITTED ASSETSTOTAL LIABILITIES AND POLICYHOLDERS' SURPLUS75.20% POLICYHOLDERS SURPLUS 168.75% ALL OTHER ASSETS AboutDemotech,Inc. FinancialStabilityRatings Demotech,Inc.isaColumbus,OhiobasedfinancialanalysisfirmprovidingawiderangeofservicesincludingFinancialStabilityRatings(FSRs),pricinganalysis,statefilingsassistanceandsupportforotherrequiredregulatoryreporting.Havingworkedwithinsurersofallsizes,Demotechpossessesbroadexperienceaddressingactuarialandfinancialanalysisissues,whethertheissueisuniquetoaparticularinsurerorprevalentthroughouttheindustry. DescriptionoftheAnalysisProcessThemethodologyutilizedbyDemotech,Inc.isproprietary.However,itreliesontheunderlyingrecordsandsummariespreparedbyresponsibleofficersoremployeesoftheTitleunderwriterand/oritsparentcompanyasreportedinthefinancialstatementsoftheinsurer.TheFinancialStabilityAnalysisModelinvolvesatactilereviewaswellascomputationandanalysisoffinancialratiostodeterminethecurrentandfuturefinancialstabilityoftheTitle dit Sinceourbeginningin1985,Demotechhasproactivelyrespondedtothemarketwithourclientsinmind.Startingin1989,Demotechgainedacceptancefromthesecondarymortgagemarketplace,includingtheFederalNationalMortgageAssociation(FannieMae) TactileReviewThetactilereviewincludesthestudyandsummarizationofmaterialsprovidedtous.SetforthbelowisanexampleofsomeoftheitemsthatDemotechtypicallyreceives:1.Annualandquarterlystatementsoftheinsurer,itsparentcompanyandsubsidiaries2.Statementofactuarialopinion,managementsÂ’discussionandanalysisandindependentaudit In1992,DemotechwasthefirstcompanytoanalyzethefinancialpositionfortheTitleinsuranceindustryandpublishindependentfinancialstabilityopinions.Sincethattime,DemotechhaspresentedtheFinancialStabilityRatingsofvirtuallyallTitleunderwriters.FinancialStabilityRatingsofA,AandSareacceptedbythemajorparticipantsinthesecondarymortgagemarketplace.OfferinganIndividualizedApproachtoIndustryChallenges3.Changesinworkingcapital4.Changeintherestrictedcashandreceivablesfromaffiliates5.Comparisonofactualversusbudgetoperatingresults6.Summaryofcurrentreinsuranceprogram.FinancialRatioCalculationAmajoritemtodeterminethefinancialstabilityofaTitleunderwriteristhecalculationoffinancial tbilit fiil tbilit t a bilit yra osmeasure aga ns nanc l s t a bilit y t esera osan es h ave eensampledonanindustry-widebasisandhavebeensubstantiatedbyotherfirmsaswellasAseriesofsolventandinsolventTitleunderwriterswassubjectedtoourbatteryofratiosandtestsinordertodeterminethepredictabilityandreliabilityofourfinancialanalysismodel.TheFinancialStabilityAnalysisModelwouldhaveflaggedTitleunderwritersthatbecameinsolventatleastoneyearinadvanceofformalregulatoryaction. SolutionsasUniqueasYourCompanyDemotechcontinuestoassessthemarketwithourclientsÂ’interestsinmind.Since1985,clientshavelookedtoDemotechtoprovideinformation,analysisandproactivesolutions.Wecontinuetoevolvealongwiththeindustrythroughthedevelopmentofinnovativesolutions,drivenbyourcommitmenttoourclients.ThebasicinformationtodevelopourratiosisreadilyavailablefromGAAPorstatutorystatements.Ourstrategicweightingofratiostoarriveatafinalscoreisbasedonregressionanalysisandmulti-variateanalysis.Thosebalancesheetandincomestatementitemsreviewedincludebutarenotlimitedto:*Totalcurrentassets*Totalassets*Workingcapital*Totalcurrentliabilities*Totalliabilities*Sur *Administrativeexpenses*Totalrevenues*Netincome*Receivables*Totalexpenses*AmountofbusinesswrittenTheconceptoffinancialstabilityis,inouropinion,independentofsize.Accordingly,small,well-managedTitleunderwriterscanhavemorefinancialstabilitythanlarger,highlyleveragedunderwriters.