* * PROPERTY AND CASUALTY COMPANIES ASSOCIATION EDITION

Transcription

1 * * PROPERTY AND CASUALTY COMPANIES ASSOCIATION EDITION ANNUAL STATEMENT FOR THE YEAR ENDED DECEMBER, 00 OF THE CONDITION AND AFFAIRS OF THE Navigators Insurance Company NAIC Group Code NAIC Company Code 0 Employer s ID Number -0 (Current Period) (Prior Period) Organized under the Laws of New York, State of Domicile or Port of Entry New York Country of Domicile United States Incorporated/Organized 0// Commenced Business 0/0/ Statutory Home Office One Penn Plaza - th Floor, New York, NY (Street and Number) (City or Town, State and Zip Code) Main Administrative Office International Drive Rye Brook, NY 0 -- (Street and Number) (City or Town, State and Zip Code) (Area Code) (Telephone Number) Mail Address International Drive, Rye Brook, NY 0 (Street and Number or P.O. Box) (City or Town, State and Zip Code) Primary Location of Books and Records International Drive Rye Brook, NY (Street and Number) (City or Town, State and Zip Code) (Area Code) (Telephone Number) Internet Website Address Statutory Statement Contact Mary Elizabeth Lynn --0 (Name) (Area Code) (Telephone Number) (Extension) mlynn@navg.com --0 ( Address) (Fax Number) Policyowner Relations Contact International Drive Rye Brook, NY 0 -- (Street and Number) (City or Town, State and Zip Code) (Area Code) (Telephone Number) (Extension) OFFICERS Name Title Name Title Stanley Adam Galanski, President & CEO Paul John Malvasio, Executive Vice President & CFO Elliot Scott Orol, Senior Vice President & Secretary Salvatore Alfred Margarella, Vice President & Treasurer OTHER OFFICERS Richard Scott Eisdorfer, Senior Vice President Jane Ellen Keller, Senior Vice President Bradley Dale Wiley, Senior Vice President Paul Francis Clayden, Vice President Callum McIntosh Duncan, Vice President Ramona Lucinda Eiseman, Vice President Daniel Paul Reale, Vice President Jeff Lyle Saunders, Vice President Christopher Mohr Steinbach, Vice President Charles Derek Valentine, Vice President DIRECTORS OR TRUSTEES Michael Louis Civisca Terence Norman Deeks (Chairman) Christopher Carmine Duca Richard Scott Eisdorfer Stanley Adam Galanski Noel Higgitt Christopher Alban Johnson Russell John Johnson John Wayne Jones Jane Ellen Keller Paul John Malvasio Salvatore Alfred Margarella Gregory Donald Olson Richard Charles Fitzgerald Rea Jeff Lyle Saunders Bradley Dale Wiley State of New York County of New York 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: () state law may differ; or, () 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. Stanley Adam Galanski Elliot Scott Orol Salvatore Alfred Margarella President & CEO Senior Vice President & Secretary Vice President & Treasurer a. Is this an original filing? Yes [ X ] No [ ] Subscribed and sworn to before me this b. If no, day of February, 00. State the amendment number. Date filed. Number of pages attached Agustin R. Cruz, Notary Public, State of New York April 0, 00 No. 0CR Qualified in Queens County

2 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company ASSETS Current Year Prior Year Net Admitted Assets Net Admitted Assets Nonadmitted Assets (Cols. - ) Assets. Bonds (Schedule D),,,,,,. Stocks (Schedule D):. Preferred stocks. Common stocks,0,0,0,0,,0. Mortgage loans on real estate (Schedule B):. First liens. Other than first liens. Real estate (Schedule A):. Properties occupied by the company (less $ encumbrances). Properties held for the production of income (less $ encumbrances). Properties held for sale (less $ encumbrances). Cash ($,,, Schedule E, Part ), cash equivalents ($,,, Schedule E, Part ) and short-term investments ($,,0, Schedule DA),,0,,0,0,. Contract loans, (including $ premium notes). Other invested assets (Schedule BA). Receivables for securities,0. Aggregate write-ins for invested assets 0. Subtotals, cash and invested assets (Lines to ),0,,0,0,,0,00,. Title plants less $ charged off (for Title insurers only). Investment income due and accrued 0,,0 0,,0,,. Premiums and considerations:. Uncollected premiums and agents balances in the course of collection 0,,,0, 0,0,,,. Deferred premiums, agents balances and installments booked but deferred and not yet due (including $ earned but unbilled premium),,,,,,. Accrued retrospective premium. Reinsurance:. Amounts recoverable from reinsurers,,,, 0,,. Funds held by or deposited with reinsured companies. Other amounts receivable under reinsurance contracts. Amounts receivable relating to uninsured plans. Current federal and foreign income tax recoverable and interest thereon. Net deferred tax asset,, 0,,,,0,0,. Guaranty funds receivable or on deposit. Electronic data processing equipment and software,0,,0,,,0. Furniture and equipment, including health care delivery assets ($ ),,,, 0. Net adjustment in assets and liabilities due to foreign exchange rates. Receivables from parent, subsidiaries and affiliates. Health care ($ ) and other amounts receivable. Aggregate write-ins for other than invested assets,,,. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 0 to ),,0,,,0,,,,0,,. From Separate Accounts, Segregated Accounts and Protected Cell Accounts. Total (Lines and ),,0,,,0,,,,0,, DETAILS OF WRITE-INS 0. Summary of remaining write-ins for Line from overflow page 0. Totals (Lines 00 thru 00 plus 0)(Line above) 0. Prepaid expense,0,0 0. Prepaid insurance,, 0. Other assets,,. Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 thru 0 plus )(Line above),,,

3 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company LIABILITIES, SURPLUS AND OTHER FUNDS Current Year Prior Year. Losses (Part A, Line, Column ),,,0,. Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part, Column ). Loss adjustment expenses (Part A, Line, Column ),,,0,00. Commissions payable, contingent commissions and other similar charges,,0,,. Other expenses (excluding taxes, licenses and fees),,,0,. Taxes, licenses and fees (excluding federal and foreign income taxes),,0,,.current federal and foreign income taxes (including $, on realized capital gains (losses)),,,,. Net deferred tax liability. Borrowed money $ and interest thereon $. Unearned premiums (Part A, Line, Column ) (after deducting unearned premiums for ceded reinsurance of $ 0,, and including warranty reserves of $ ),,,, 0. Advance premium. Dividends declared and unpaid:. Stockholders. Policyholders. Ceded reinsurance premiums payable (net of ceding commissions),,00,0,0. Funds held by company under reinsurance treaties (Schedule F, Part, Column ),,,,. Amounts withheld or retained by company for account of others, 0,. Remittances and items not allocated. Provision for reinsurance (Schedule F, Part ),0,,,. Net adjustments in assets and liabilities due to foreign exchange rates. Drafts outstanding. Payable to parent, subsidiaries and affiliates 0,,00,, 0. Payable for securities,. Liability for amounts held under uninsured plans. Capital notes $ and interest thereon $. Aggregate write-ins for liabilities,00,. Total liabilities excluding protected cell liabilities (Lines through ),0, 0,,. Protected cell liabilities. Total liabilities (Lines and ),0, 0,,. Aggregate write-ins for special surplus funds. Common capital stock,000,000,000,000. Preferred capital stock 0. Aggregate write-ins for other than special surplus funds. Surplus notes. Gross paid in and contributed surplus,,0,,0. Unassigned funds (surplus),0, 0,,. Less treasury stock, at cost:. shares common (value included in Line $ ). shares preferred (value included in Line $ ). Surplus as regards policyholders (Lines to, less ) (Page, Line ),,,,0. Totals (Page, Line, Col. ),,,,0,, DETAILS OF WRITE-INS 0. Other payables,00, Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 through 0 plus ) (Line above),00, Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 through 0 plus ) (Line above) Summary of remaining write-ins for Line 0 from overflow page 0. Totals (Lines 00 through 00 plus 0) (Line 0 above)

4 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company STATEMENT OF INCOME Current Year Prior Year UNDERWRITING INCOME. Premiums earned (Part, Line, Column ),, 0,0, DEDUCTIONS:. Losses incurred (Part, Line, Column ),, 0,,0. Loss expenses incurred (Part, Line, Column ),,,0,. Other underwriting expenses incurred (Part, Line, Column ) 0,,,,. Aggregate write-ins for underwriting deductions. Total underwriting deductions (Lines through ),,,,. Net income of protected cells. Net underwriting gain (loss) (Line minus Line plus Line ),,,, INVESTMENT INCOME. Net investment income earned (Exhibit of Net Investment Income, Line ),,00,, 0. Net realized capital gains (losses) less capital gains tax of $ (,) (Exhibit of Capital Gains (Losses)) (,),0,0. Net investment gain (loss) (Lines + 0),,,0, OTHER INCOME. Net gain (loss) from agents' or premium balances charged off (amount recovered $ amount charged off $ ). Finance and service charges not included in premiums. Aggregate write-ins for miscellaneous income,,. Total other income (Lines through ),,. Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes (Lines + + ),,,0,. Dividends to policyholders. Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes (Line minus Line ),,,0,. Federal and foreign income taxes incurred,,,, 0. Net income (Line minus Line ) (to Line ),,,, CAPITAL AND SURPLUS ACCOUNT. Surplus as regards policyholders, December prior year (Page, Line, Column ),,0,,. Net income (from Line 0),,,,. Net transfers (to) from Protected Cell accounts. Change in net unrealized capital gains or (losses) less capital gains tax of $,,,,0,00,. Change in net unrealized foreign exchange capital gain (loss) (,0). Change in net deferred income tax,, 0,,. Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line, Col. ) (,,00) (,,). Change in provision for reinsurance (Page, Line, Column minus Column ),0, (,,0). Change in surplus notes 0. Surplus (contributed to) withdrawn from protected cells. Cumulative effect of changes in accounting principles. Capital changes:.. Paid in.. Transferred from surplus (Stock Dividend).. Transferred to surplus. Surplus adjustments:.. Paid in 00,000,000 0,000,000.. Transferred to capital (Stock Dividend).. Transferred from capital. Net remittances from or (to) Home Office. Dividends to stockholders (,000,000). Change in treasury stock (Page, Lines. and., Column minus Column ). Aggregate write-ins for gains and losses in surplus. Change in surplus as regards policyholders for the year (Lines through ),0, 0,,0. Surplus as regards policyholders, December current year (Line plus Line ) (Page, Line ),,,,0 DETAILS OF WRITE-INS Summary of remaining write-ins for Line from overflow page 0. Totals (Lines 00 through 00 plus 0) (Line above) 0. Realized foreign exchange gain,0 0. Miscellaneous income 0,, 0.. Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 through 0 plus ) (Line above),, Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 through 0 plus ) (Line above)

5 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company CASH FLOW Current Year Prior Year Cash from Operations. Premiums collected net of reinsurance,0,,,0. Net investment income,,0,,. Miscellaneous income,,. Total (Lines through ),0,,00,. Benefit and loss related payments,,,0,. Net transfers to Separate, Segregated Accounts and Protected Cell Accounts. Commissions, expenses paid and aggregate write-ins for deductions,0,0,,. Dividends paid to policyholders. Federal and foreign income taxes paid (recovered) $,, net of tax on capital gains (losses),,,0,0 0. Total (Lines through ) 0,, 0,,. Net cash from operations (Line minus Line 0),,,,0 Cash from Investments. Proceeds from investments sold, matured or repaid:. Bonds,,,,0. Stocks,,,,0. Mortgage loans. Real estate. Other invested assets. Net gains or (losses) on cash, cash equivalents and short-term investments 0,,,. Miscellaneous proceeds,0,0. Total investment proceeds (Lines. to.),, 0,,. Cost of investments acquired (long-term only):. Bonds,0,,0,. Stocks,,,,. Mortgage loans. Real estate. Other invested assets. Miscellaneous applications,0,,. Total investments acquired (Lines. to.),0,0,,0. Net increase (decrease) in contract loans and premium notes. Net cash from investments (Line. minus Line. minus Line ) (,0,) (,0,) Cash from Financing and Miscellaneous Sources. Cash provided (applied):. Surplus notes, capital notes. Capital and paid in surplus, less treasury stock 00,000,000 0,000,000. Borrowed funds. Net deposits on deposit-type contracts and other insurance liabilities. Dividends to stockholders,000,000. Other cash provided (applied) (,,0),,. Net cash from financing and miscellaneous sources (Line. to Line. minus Line. plus Line.),, 0,, RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS. Net change in cash, cash equivalents and short-term investments (Line, plus Lines and Line ),0 0,,. Cash, cash equivalents and short-term investments:. Beginning of year,0,,,. End of year (Line plus Line.),,0,0,

6 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT Lines of Business PART - PREMIUMS EARNED Net Premiums Written per Column, Part B Unearned Premiums Dec. Prior Year - per Col., Last Year s Part Unearned Premiums Dec. Current Year - per Col. Part A Premiums Earned During Year (Cols. + - ). Fire. Allied lines. Farmowners multiple peril. Homeowners multiple peril. Commercial multiple peril,,0,00,0,0,,,. Mortgage guaranty. Ocean marine,0,,,,0, 0,,. Inland marine,,,0, 0. Financial guaranty. Medical malpractice - occurrence. Medical malpractice - claims-made. Earthquake. Group accident and health. Credit accident and health (group and individual). Other accident and health. Workers' compensation. Other liability - occurrence,0,,,,,0,,. Other liability - claims-made,0,,,,0,,,0. Products liability - occurrence. Products liability - claims-made.,. Private passenger auto liability.,. Commercial auto liability,,,,,,,. Auto physical damage,,0,,0,,. Aircraft (all perils) (,),,,. Fidelity. Surety,00,,0,,,0,,. Burglary and theft. Boiler and machinery. Credit. International 0. Reinsurance - Nonproportional Assumed Property. Reinsurance - Nonproportional Assumed Liability. Reinsurance - Nonproportional Assumed Financial Lines. Aggregate write-ins for other lines of business. TOTALS,,,,0,,,, DETAILS OF WRITE-INS Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 through 0 plus ) (Line above)

7 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART A - RECAPITULATION OF ALL PREMIUMS Line of Business Amount Unearned Amount Unearned (Running One Year or (Running More Than Less from Date of One Year from Date Policy) of Policy) (a) (a) Earned but Unbilled Premium Reserve for Rate Credits and Retrospective Adjustments Based on Experience Total Reserve for Unearned Premiums Cols Fire. Allied lines. Farmowners multiple peril. Homeowners multiple peril. Commercial multiple peril,,,,0,. Mortgage guaranty. Ocean marine,,,,,0,. Inland marine,,,0 0. Financial guaranty. Medical malpractice - occurrence. Medical malpractice - claims-made. Earthquake. Group accident and health. Credit accident and health (group and individual). Other accident and health. Workers' compensation. Other liability - occurrence,,,,,,0. Other liability - claims-made,0,,,,0,. Products liability - occurrence. Products liability - claims-made.,. Private passenger auto liability.,. Commercial auto liability,,,,. Auto physical damage,0,,0,. Aircraft (all perils),,. Fidelity. Surety,,,,,0. Burglary and theft. Boiler and machinery. Credit. International 0. Reinsurance - Nonproportional Assumed Property. Reinsurance - Nonproportional Assumed Liability. Reinsurance - Nonproportional Assumed Financial Lines. Aggregate write-ins for other lines of business. TOTALS,,0,,,,. Accrued retrospective premiums based on experience. Earned but unbilled premiums. Balance (Sum of Line through ),, DETAILS OF WRITE-INS. Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 thru 0 plus ) (Line above) (a) State here basis of computation used in each case. Pro rata

8 . Fire Line of Business. Allied lines. Farmowners multiple peril. Homeowners multiple peril ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT Direct Business (a) PART B - PREMIUMS WRITTEN Reinsurance Assumed Reinsurance Ceded From From To To Affiliates Non-Affiliates Affiliates Non-Affiliates Net Premiums Written Cols Commercial multiple peril,,,,,,,,,0. Mortgage guaranty. Ocean marine 0,, 0, 0,,,0,0,0,. Inland marine,,,,0,, 0. Financial guaranty. Medical malpractice - occurrence. Medical malpractice - claims-made. Earthquake. Group accident and health. Credit accident and health (group and individual). Other accident and health. Workers' compensation. Other liability - occurrence,,,,0 0,00,,0,. Other liability - claims-made. Products liability - occurrence. Products liability - claims-made.,. Private passenger auto liability,,,,,,,0,.,. Commercial auto liability,,0,,,. Auto physical damage,,,,,0. Aircraft (all perils),0,0,0, (,). Fidelity. Surety,,,,,0,00,. Burglary and theft. Boiler and machinery. Credit. International 0. Reinsurance - Nonproportional Assumed Property. Reinsurance - Nonproportional Assumed Liability. Reinsurance - Nonproportional Assumed Financial Lines. Aggregate write-ins for other lines of business XXX XXX XXX. TOTALS,,,,,0,0,,0,, DETAILS OF WRITE-INS. Summary of remaining writeins for Line from overflow page. Totals (Lines 0 through 0 plus ) (Line above) (a) Does the company s direct premiums written include premiums recorded on an installment basis? Yes [ ] No [ X ] If yes:. The amount of such installment premiums $. Amount at which such installment premiums would have been reported had they been reported on an annualized basis $

9 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART - LOSSES PAID AND INCURRED Losses Paid Less Salvage Net Losses Unpaid Net Losses Losses Incurred Reinsurance Net Payments Current Year Unpaid Current Year Recovered (Cols. + - ) (Part A, Col. ) Prior Year (Cols. + - ) Reinsurance Assumed Percentage of Losses Incurred (Col., Part ) to Premiums Earned (Col., Part ) Line of Business Direct Business. Fire. Allied lines. Farmowners multiple peril. Homeowners multiple peril. Commercial multiple peril,00, 0,,,,, 0,,,,0,,0.. Mortgage guaranty. Ocean marine,,,,,0,,0,0,,,,0,,.. Inland marine,0, 0,0,,,,,,. 0. Financial guaranty. Medical malpractice - occurrence. Medical malpractice - claims-made. Earthquake. Group accident and health. Credit accident and health (group and individual). Other accident and health. Workers' compensation. Other liability - occurrence,,,,0,,,,0 0,,,0,,,.. Other liability - claims-made,0,0,,,,,0,,,,,,,.. Products liability - occurrence. Products liability - claims-made.,. Private passenger auto liability.,. Commercial auto liability 0,,0 0,0,,00,,,.. Auto physical damage,,0,0,,,0,,0 0.. Aircraft (all perils) (,0),, (,),,,,0 (0,00) (,.). Fidelity. Surety,,,,0,,0,,,,.. Burglary and theft. Boiler and machinery. Credit. International 0. Reinsurance - Nonproportional Assumed Property XXX,0,0,0,. Reinsurance - Nonproportional Assumed Liability XXX,,,,0,,00,. Reinsurance - Nonproportional Assumed Financial Lines XXX,,,, (,0). Aggregate write-ins for other lines of business. TOTALS,,0,,,0,,0,0,,0,0,,, 0. DETAILS OF WRITE-INS Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 through 0 + ) (Line above)

10 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company 0 UNDERWRITING AND INVESTMENT EXHIBIT PART A - UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES Reinsurance Assumed Reported Losses Incurred But Not Reported Deduct Reinsurance Recoverable from Net Losses Excl. Authorized and Incurred But Net Losses Unauthorized Not Reported Reinsurance Reinsurance Unpaid Companies (Cols. + - ) Direct Assumed Ceded (Cols ) Line of Business Direct. Fire. Allied lines. Farmowners multiple peril. Homeowners multiple peril. Commercial multiple peril,,,,0,,,0,,,,,,00,0 0,,,0,0. Mortgage guaranty. Ocean marine 0,,0,0,,0, 0,0,0,,,,,0,,,,0,0. Inland marine,00,,,,,,00,, 0. Financial guaranty. Medical malpractice - occurrence. Medical malpractice - claims-made. Earthquake. Group accident and health (a). Credit accident and health (group and individual). Other accident and health (a). Workers' compensation. Other liability - occurrence,,,,,,0,, 0,, 00,0, 0,0, 0,, 0,,00. Other liability - claims-made,,,,,,,0,,,0,0,,,,,,,. Products liability - occurrence. Products liability - claims-made.,. Private passenger auto liability.,. Commercial auto liability,,,0,,,,0,,00,. Auto physical damage,0,,0,,,,,,. Aircraft (all perils),0,,,,0,,0,0,,,,0,,0,,,,. Fidelity. Surety,,,,0,0,0,,,0,. Burglary and theft. Boiler and machinery. Credit. International 0. Reinsurance - Nonproportional Assumed Property XXX,, XXX,,0,0. Reinsurance - Nonproportional Assumed Liability XXX,, XXX,0,0,,0,0. Reinsurance - Nonproportional Assumed Financial Lines XXX,, XXX,,,. Aggregate write-ins for other lines of business. TOTALS,0,,, 0,0,,,,,,,0,,,,0,, DETAILS OF WRITE-INS Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 through 0 + ) (Line above) (a) Including $ for present value of life indemnity claims. Unpaid Loss Adjustment Expenses

11 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART - EXPENSES Loss Adjustment Expenses Other Underwriting Expenses Investment Expenses Total. Claim adjustment services:. Direct,0,,0,. Reinsurance assumed,0,0,0,0. Reinsurance ceded 0,,0 0,,0. Net claim adjustment services ( ),,,,. Commission and brokerage:. Direct, excluding contingent,0,,0,. Reinsurance assumed, excluding contingent 0,,0 0,,0. Reinsurance ceded, excluding contingent,,0,,0. Contingent-direct,00,,00,. Contingent-reinsurance assumed. Contingent-reinsurance ceded. Policy and membership fees. Net commission and brokerage ( ),,,,. Allowances to manager and agents. Advertising,0,0. Boards, bureaus and associations 00, 00,. Surveys and underwriting reports. Audit of assureds' records. Salary and related items:. Salaries,0,,0,,0,. Payroll taxes,,,0,,. Employee relations and welfare,0,0,,,0 0. Insurance 0,,0,00,0,. Directors' fees. Travel and travel items,,0,,,. Rent and rent items,,,,,. Equipment,,,,0,. Cost or depreciation of EDP equipment and software,0,,0,. Printing and stationery,,,0,0,0. Postage, telephone and telegraph, exchange and express,, 0,. Legal and auditing 0,,0,,,0,,. Totals (Lines to ),,,0,,,0,,0 0. Taxes, licenses and fees: 0. State and local insurance taxes deducting guaranty association credits of $,,0,0,0,0 0. Insurance department licenses and fees,, 0. Gross guaranty association assessments,, 0. All other (excluding federal and foreign income and real estate),0 0, 0, 0. Total taxes, licenses and fees ( ),0,,,,. Real estate expenses. Real estate taxes. Reimbursements by uninsured plans. Aggregate write-ins for miscellaneous expenses,,,,0,. Total expenses incurred,, 0,,,,0 (a),,. Less unpaid expenses - current year,,,0,,,,0. Add unpaid expenses - prior year,0,00,0,, 0,,0. Amounts receivable relating to uninsured plans, prior year. Amounts receivable relating to uninsured plans, current year 0. TOTAL EXPENSES PAID (Lines ),, 0,,,0,,0,0 DETAILS OF WRITE-INS 0. Miscellaneous,,,,0, Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 through 0 plus ) (Line above),,,,0, (a) Includes management fees of $,,0 to affiliates and $ to non-affiliates.

12 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company EXHIBIT OF NET INVESTMENT INCOME Collected During Year Earned During Year. U.S. Government bonds (a),,,,. Bonds exempt from U.S. tax (a),, 0,,. Other bonds (unaffiliated) (a),,0,,. Bonds of affiliates (a). Preferred stocks (unaffiliated) (b). Preferred stocks of affiliates (b). Common stocks (unaffiliated),0,,,0. Common stocks of affiliates. Mortgage loans (c). Real estate (d). Contract loans. Cash, cash equivalents and short-term investments (e),,00,,0. Derivative instruments (f). Other invested assets. Aggregate write-ins for investment income 0. Total gross investment income,,,0,. Investment expenses (g),,. Investment taxes, licenses and fees, excluding federal income taxes (g). Interest expense (h). Depreciation on real estate and other invested assets (i). Aggregate write-ins for deductions from investment income,0. Total (Lines through ),,0. Net Investment Income - (Line 0 minus Line ),,0 DETAILS OF WRITE-INS Summary of remaining write-ins for Line from overflow page 0. Totals (Lines 00 through 00 plus 0) (Line, above) 0. interest expense on funds held, Summary of remaining write-ins for Line from overflow page. Total (Lines 0 through 0 plus ) (Line, above),0 (a) Includes $,,0 accrual of discount less $,,0 amortization of premium and less $,, paid for accrued interest on purchases. (b) Includes $ accrual of discount less $ amortization of premium and less $ paid for accrued dividends on purchases. (c) Includes $ accrual of discount less $ amortization of premium and less $ paid for accrued interest on purchases. (d) Includes $ for company s occupancy of its own buildings; and excludes $ interest on encumbrances. (e) Includes $,0,0 accrual of discount less $, amortization of premium and less $ paid for accrued interest on purchases. (f) Includes $ accrual of discount less $ amortization of premium. (g) Includes $,, investment expenses and $ investment taxes, licenses and fees, excluding federal income taxes, attributable to segregated and Separate Accounts. (h) Includes $ interest on surplus notes and $ interest on capital notes. (i) Includes $ depreciation on real estate and $ depreciation on other invested assets. EXHIBIT OF CAPITAL GAINS (LOSSES) Realized Gain (Loss) On Sales or Maturity Other Realized Adjustments Unrealized Increases (Decreases) by Adjustment Total. U.S. Government bonds (,,) (,,). Bonds exempt from U.S. tax. Other bonds (unaffiliated),,. Bonds of affiliates. Preferred stocks (unaffiliated). Preferred stocks of affiliates. Common stocks (unaffiliated),,,0,,. Common stocks of affiliates,,,,. Mortgage loans. Real estate. Contract loans. Cash, cash equivalents and short-term investments,,. Derivative instruments. Other invested assets. Aggregate write-ins for capital gains (losses) 0. Total capital gains (losses) (,),,,, DETAILS OF WRITE-INS Summary of remaining write-ins for Line from overflow page 0. Totals (Lines 00 through 00 plus 0) (Line, above)

13 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company. Bonds (Schedule D). Stocks (Schedule D):. Preferred stocks. Common stocks. Mortgage loans on real estate (Schedule B):. First liens. Other than first liens. Real estate (Schedule A):. Properties occupied by the company. Properties held for the production of income. Properties held for sale. Cash, (Schedule-E, Part ), cash equivalents (Schedule-E, Part ) and short-term investments (Schedule DA). Contract loans. Other invested assets (Schedule BA). Receivables for securities. Aggregate write-ins for invested assets 0. Subtotals, cash and invested assets (Lines to ). Title plants (for Title insurers only). Investment income due and accrued. Premiums and considerations:. Uncollected premiums and agents balances in the course of EXHIBIT OF NONADMITTED ASSETS Current Year Total Nonadmitted Assets Prior Year Nonadmitted Assets Change in Total Nonadmitted Assets (Col. - Col. ) collection,0,,, (,,). Deferred premiums, agents balances and installments booked but deferred and not yet due. Accrued retrospective premium. Reinsurance:. Amounts recoverable from reinsurers. Funds held by or deposited with reinsured companies. Other amounts receivable under reinsurance contracts. Amounts receivable relating to uninsured plans. Current federal and foreign income tax recoverable and interest thereon. Net deferred tax asset 0,,,0, (,,0). Guaranty funds receivable or on deposit. Electronic data processing equipment and software,0,, (,0). Furniture and equipment, including health care delivery assets,,,0, (,,0) 0. Net adjustment in assets and liabilities due to foreign exchange rates. Receivables from parent, subsidiaries and affiliates. Health care and other amounts receivable. Aggregate write-ins for other than invested assets,, (0,). Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 0 to ),,0,, (,,00). From Separate Accounts, Segregated Accounts and Protected Cell Accounts. Total (Lines and ),,0,, (,,00) DETAILS OF WRITE-INS 0. Summary of remaining write-ins for Line from overflow page 0. Totals (Lines 00 through 00 plus 0)(Line above) 0. Prepaid expense,0, (,) 0. Prepaid insurance,,, 0.. Summary of remaining write-ins for Line from overflow page. Totals (Lines 0 through 0 plus )(Line above),, (0,)

14 ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company NOTES TO FINANCIAL STATEMENTS. Summary of Significant Accounting Policies A. Accounting Practices The financial statements of Navigators Insurance Company are presented on the basis of accounting practices prescribed or permitted by the New York Insurance Department. The New York Insurance Department recognizes only statutory accounting practices prescribed or permitted by the state of New York for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the New York Insurance Law. The National Association of Insurance Commissioners (NAIC) Accounting Practices and Procedures Manual (NAIC SAP) has been adopted as a component of prescribed or permitted practices by the state of New York. B. Use of Estimates in the Preparation of the Financial Statements The preparation of financial statements in conformity with Statutory Accounting Principles requires management to make estimates and assumptions that affect 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. C. Accounting Policies Premiums are earned over the terms of the related insurance policies and reinsurance contracts. Unearned premium reserves are established to cover the unexpired portion of premiums written. Such reserves are computed by pro rata methods for direct business and are based on reports received from ceding companies for reinsurance. Expenses incurred in connection with acquiring new insurance business, including such acquisition costs as sales commissions, are charged to operations as incurred. Expenses incurred are reduced for ceding allowances received or receivable. In addition, the company uses the following accounting policies: ) ) ) ) ) ) Asset values are generally stated as follows: Short-term investments are valued at amortized cost. Bonds not backed by other loans, asset and mortgage backed bonds and structured securities are valued at amortized cost using the effective interest method; preferred stocks are valued at lower of cost or market; and common stocks in which the Company has an interest of less than 0% are valued at market. The Company owns 00% of the common stock of NIC Insurance Company. The stock is valued at cost adjusted for operating results as described in the Valuation Procedures and Instructions for Bonds and Stocks of the Purposes and Procedures manual of the Securities Valuation Office of the NAIC. Prepayment assumptions and market values for loan backed bonds and structured securities were obtained from broker/dealer survey values or from outside investment managers. The assumptions are consistent with the current interest rate and economic environment. The retrospective adjustment method is used for these securities. Any securities that are permanently impaired are written down to realizable value using factors that recognize maintaining the original yield on the bond. The Company has no mortgage loans or derivatives. The Company anticipates investment income as a factor in the premium deficiency calculation, in accordance with SSAP No., Property Casualty Contracts-Premiums. Unpaid losses and loss adjustment expenses include an amount determined from individual case estimates and loss reports and an amount, based on past experience, for losses incurred but not reported. Such liabilities are necessarily based on assumptions and estimates and while management believes the amount is adequate, the ultimate liability may be in excess of or less than the amount provided. The methods for making such estimates and for establishing the resulting liabilities are continually reviewed and any adjustments are reflected in the period determined.... Accounting Changes and Corrections of Errors - None Business Combinations and Goodwill - None Discontinued Operations None

15 . ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company NOTES TO FINANCIAL STATEMENTS. Investments A. B. C. D. E. F. G. Mortgage Loans None Debt Restructuring - None Reverse Mortgages None Loan Backed Securities - See item.c. above. Repurchase Agreements None Real Estate None Low-Income Housing Tax Credits - None.. Joint Ventures, Partnerships and Limited Liability Companies - None Investment Income A. B. Any due and accrued investment income over 0 days past due would be excluded from surplus. At December, 00, there was no due and accrued investment income excluded from surplus... Derivative Investments - None Income Taxes A. The components of the net deferred tax asset/(liability) at December are as follows: December, 00 December, 00 Total of gross deferred tax assets $,, $,0, Total of deferred tax liabilities,0,0, Net deferred tax asset,,,, Deferred tax asset nonadmitted 0,,,0, Net admitted deferred tax asset $,,0 $,0, Increase (decrease) in nonadmitted asset $,,0 $,, B. C. Deferred tax liabilities are not recognized for the following amounts - None The main components of the 00 deferred tax amounts are as follows: December, 00 December, 00 Deferred tax assets Discount of unpaid losses and LAE $,, $,, 0% of unearned premium reserve,0,00,, Nonadmitted assets,0,,, Total deferred tax asset,,,0, Nonadmitted deferred tax assets 0,,,0, Admitted deferred tax assets,00,00,, Deferred tax liabilities Net unrealized capital gains,0,0, Total deferred tax liabilities,0,0, Net admitted deferred tax assets $,,0 $,0, The change in net deferred income tax is comprised of the following: December, 00 December, 00 Change Total gross deferred tax assets $,, $,0,,, Total gross deferred tax liabilities,0,0,,, Net deferred tax asset,,,,,,0 Deferred tax on change in net unrealized capital gains,,,,

16 . ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company NOTES TO FINANCIAL STATEMENTS D. Among the more significant book to tax adjustments were the following: Amount Tax Effected Income before taxes and capital gains $,0,0 $,, Book over tax reserves,,0,, Unearned premium discount,,,,0 Leasehold amortization,, TIPS investment income (,) (,00) Capital Gains/Losses,,0 Dividends received deduction (,) (,) Tax exempt interest deduction (,,) (,0,) Meals and entertainment,,00 Total adjustments,,00,,0 Taxable income $,0, $,, E. Tax Carry Forwards : ) ) The Company has no operating loss or tax credit carry forwards. The amount of Federal income tax incurred and available for recoupment in the event of future net losses is: current year $,, first preceding year $,,; second preceding year $,,0. F. Federal Income Tax Allocation ) ) The Company s federal income tax return is consolidated with the following entities: The Navigators Group, Inc. NIC Insurance Company Navigators Management Company, Inc. Navigators Insurance Services of Washington, Inc. Navigators California Insurance Services, Inc. Navigators Insurance Services of Texas, Inc. The method of allocation between the companies is subject to written agreement, approved by the Board of Directors. Allocation is based upon separate return calculations. Intercompany tax balances are settled in the first quarter. 0. Information Concerning Parent, Subsidiaries and Affiliates A. B. C. D. All outstanding shares of Navigators Insurance Company are owned by The Navigators Group, Inc. ( Parent ), a holding company domiciled in the State of Delaware. The company paid a cash dividend to its Parent of $,000,000 in May 00. The Company's parent contributed $00,000,000 to surplus in April 00, $,000,000 to surplus in October 00 and $,000,000 in December 00. The Company also contributed $0,000,000 to its wholly owned subsidiary, NIC Insurance Company in October 00. The Company assumed $,, of premiums from NIC Insurance Company ( NIC ), its 00% owned subsidiary, under a reinsurance agreement whereby the Company assumes all business written by NIC. The Company incurred commission expense of $,,0 under agency/management agreements with several agencies owned by the parent (the Navigators Agencies ). Navigators Management Company, Inc. one of the Navigators Agencies, provides management and administrative services to the Company. The Navigators Agencies produced $,, of gross written premium (direct and assumed including the premium assumed from NIC) for the Company. The Company was party to a pooling agreement with several nonaffiliated insurance companies under which the Company participated for % of the marine premium written by the Navigators Agencies in 00. Beginning with the 00 underwriting year, the marine pool was eliminated and, therefore, all of the marine business generated by the Navigators Agencies that formerly generated business for the marine pool will be exclusively for the Navigators Insurance Company. As of January, 00, its subsidiary NIC Insurance Company changed its name to Navigators Specialty Insurance Company. The only amounts due between the Company and its affiliates are insurance related items which are settled monthly when due.

17 . ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company NOTES TO FINANCIAL STATEMENTS E. F. G. H. I. J. K. There are no guarantees or undertakings for the benefit of an affiliate or related party except that the Company s common stock is pledged as collateral for the Parent s bank credit facility. See item 0.C above and Schedule Y contained herein for material arrangements with related parties. See items 0. A and 0. F above concerning the relationship with other companies under common control. The Company does not own any shares of its Parent or affiliated companies other than 00% of NIC Insurance Company. The Company owns no investment in an SCA. The Company owns no investment in an impaired SCA. The Company owns no investment in a foreign insurance subsidiary... Debt - None Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other Postretirement Benefit Plans A. B. C. D. E. Defined Benefit Plan None Defined Contribution Plan None Multiemployer Plans None Consolidated/Holding Company Plans - The Company participates in a defined contribution Money Purchase Plan and a 0(k) Plan sponsored by its Parent. The Company s expense for the Money Purchase Plan was $,0,000 for 00. The Company makes no contribution to the 0(k) Plan. It does not have or participate in any other post retirement benefit plans. Post Employment Benefits and Compensated Absences - The Company has no post employment benefits except as disclosed in item.d above. It does accrue for carry over vacation pay.. Capital and Surplus, Shareholders Dividend Restrictions and Quasi-Reorganizations The Company has 00 common shares authorized, issued and outstanding with a $0,000 par value. The Company has no preferred stock outstanding. The maximum amount of dividends which may be paid by State of New York insurance companies to shareholders without prior approval of the Insurance Commissioner is subject to restrictions relating to statutory surplus and investment income. The maximum dividend which may be paid without prior approval is 0% of the Company s statutory surplus. Subject to. above, there are no restrictions placed on the portion of profits that may be paid as ordinary dividends to the Company s stockholders. Subject to. above, there are no restrictions placed on the Company s surplus. The Company is not a mutual. There is no stock held by the Company for special purposes. There are no special surplus funds. The portion of unassigned funds (surplus) represented or reduced by each item below is cumulative unrealized gains and losses. a) b) c) d) Unrealized gains - $,,0 Net deferred income tax - $,, Nonadmitted assets ($,,0) Provision for reinsurance ($,0,)

18 . ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company NOTES TO FINANCIAL STATEMENTS 0. Surplus Notes None. Quasi-reorganizations - None.. Contingencies None, other than various lawsuits that have arisen in the normal course of the Company s business which are not considered material in relation to the financial position of the company. Leases A. Lessee Leases. The Company leases several properties under various agreements that expire through October, 0. Rental expense for 00 was approximately $,,.. At January, 00, the minimum aggregate rental commitments are as follows: 00 $,, 00 $,, 00 $,, 00 $,, 0 $ 0, 0 0 $,. The Company is not involved in any sales leaseback transactions. B. Lessor Leases - None.... Financial Instruments with Off-Balance Sheet Risk and with Concentration of Credit Risk None Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities None Gain or Loss from Uninsured Plans and the Uninsured Portion of Partially Insured Plans None Direct Premium Written/Produced by Managing General Agents/Third Party Administrators: Type of Type of Direct Exclusive Business Authority Premium Name and Address FEI Number Contract Written Granted* Written Navigators Management Company Inc. Marine & U, C, CA, One Penn Plaza -0 No Liability R, B, P $,0, New York, NY 0 Navigators CA Ins. Svcs., Inc. -0 No M arine & U, R, B, P,0, California Street, Suite 0 Liability San Francis co, CA 0 Navigators Ins. Svcs. of TX, Inc. -0 No Marine U, C, CA,, Sage Park One R, B, P Sage, Suite Navigators Ins. Svcs. of W A, Inc. - No Marine U, R, B, P,000, 0 Fourth A venue, Suite 0 Seattle, W A Marine & U, C, CA Navigators Management (UK) Ltd N/A No Liability R, B, P,0, Total $,, *Type of Authority Granted: U = Underwriting, C = Claims Payments, CA = Claims Adjusting, B = Binding Authority, R = Reinsurance, P = Premium Collection 0. September Events: The Company incurred gross losses of $,0,000 which were 00% ceded and recovered during 00 from the September Events. No additional losses were recorded during 00 and 00. The Company incurred gross losses of $,000 during 00 and $,000 during 00. There are no outstanding loss reserves as of December, 00. All incurred losses were 00% ceded.

19 . ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company NOTES TO FINANCIAL STATEMENTS. Other Items: A. B. C. D. E. F. G. H. Extraordinary Items None Troubled Debt Restructuring for Debtors None Other Disclosures None Uncollectible Premium Balances - Uncollectible amounts are written off as they are identified. Business Interruption Insurance Recoveries None Hybrid Securities None State Transferable Tax Credits None Impact of Medicare Modernization Act on Postretirement Benefits - None.. Events Subsequent - None Reinsurance: A. Unsecured Reinsurance Recoverables The Company has unsecured reinsurance recoverables for losses, paid and unpaid including IBNR, loss adjustment expenses and unearned premium exceeding % of policyholders surplus with the following reinsurers: NAIC Code Federal ID # Name of Reinsurer Aggregate Recoverable (in 000's) 0-00 General Reinsurance Company $, - Swiss Re America Corp, -000 Everest Reinsurance Company, - Folksamerica Reinsurance Company, - GE Reinsurance Corporation, Arch Reinsurance Company, 0 - Munich Reinsurance America, 0 - Platinum Underwriters Reinsurance, - Transatlantic Reinsurance Company 0, -0 Partner Reinsurance Company, B. C. Reinsurance Recoverables in Dispute None Reinsurance Assumed and Ceded: () The following table summarizes assumed and ceded unearned premiums and the related commission equity at December, 00. () () () () () () Net Unearned Commission Unearned Commission Unearned Commission Premiums Equity Premiums Equity Premiums Equity a. Affiliates $,, $,, $ - $ - $,, $,, b. All other,0,,, 0,, 0,0, (0,0,) (,0,0) c. Total $ 0,0,0 $,,0 $ 0,, $ 0,0, $,0,0 $ (,,) d. Direct Unearned Premium Reserve $,00, () The additional or return commission, predicated on loss experience or on any other form of profit sharing arrangements in this annual statement as a result of existing contractual arrangements is accrued as follows:

20 . ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company NOTES TO FINANCIAL STATEMENTS () () () () Description Direct Net a. Contingent Commission $ - $ - $,0, $ (,0,) b. Sliding Scale Adjustments c. Other Profit Commissions d. Arrangements*,,, -,, e. Total $,, $, $,0, $,,0 *Profit Commission is due to Managing General Agents. D. Uncollectible Reinsurance The company has written off in the current year uncollectible reinsurance balances in the amount of $,0 which is reflected as: Statement of Income Account Amount a. Losses incurred $,0 Total $,0 Reinsurer Amount Various $,0 Total $,0 E. Commutation of Ceded Reinsurance None F. Retroactive Reinsurance - None G. Reinsurance Accounted for as a Deposit - None.. Retrospectively Rated Contracts and Contracts Subject to Redetermination - None Changes in Net Incurred Losses and Loss Adjustment Expenses Net incurred losses and loss adjustment expenses attributed to insured events of prior years resulted in a decrease of ($,0,000) in 00. The redundancy was generated mainly from prior year savings in the specialty construction liability business and professional liability business from favorable loss experience in years 00 and 00. Savings were partially offset by adverse development from specialty construction liability business for years 00 to 000 and from the marine liability and cargo business written in 00.. Intercompany Pooling Arrangements NIC Insurance Company ( NIC ) a wholly owned subsidiary of the Company, underwrites a book of surplus lines insurance. Pursuant to a reinsurance agreement, NIC cedes 00% of its gross written premium to the Company Structured Settlements None Heath Care Receivables None Participating Policies None Premium Deficiency Reserves - None High Deductibles None Discounting of Liabilities for Unpaid Losses and Loss Adjustment Expenses None Asbestos/Environmental Reserves A. Does the Company have on the books, or has it ever written an insured for which you have identified a potential for the existence of, a liability due to asbestos losses? Yes (X) No ( ) The Company has limited exposure in high excess layers of coverage and does not lead but will generally follow the leaders decisions in resolutions either by buy-out, declaratory judgment negotiations or otherwise. The Company establishes a reserve based on a review of each policy for which a potential loss notification has been received. In cases where the Company is involved in a participating market, the market reserve is followed.

21 . ANNUAL STATEMENT FOR THE YEAR 00 OF THE Navigators Insurance Company NOTES TO FINANCIAL STATEMENTS Following are asbestos-related losses (including coverage dispute costs) for each of the five most current calendar years: Gross of Reinsurance: a. Beginning reserves $,000 $,000 $,,000 $,,000 $,,000 b. Incurred losses and LAE,000,,000,,000 (,0,000),00 c. Calendar year payments for losses and LAE,000,000,,000,,000,, d. Ending reserves $,000 $,,000 $,,000 $,,000 $,0, Net of Re insurance: a. Beginning reserves $,000 $,000 $,0,000 $,,000 $ 0,, b. Incurred losses and LAE,000,0,000 0,000 0,000,0 c. Calendar year payments for losses and LAE,000,000,0,000,,000,,0 d. Ending reserves $,000 $,0,000 $,,000 $ 0,,000 $,, B. State the amount of the ending reserves for Bulk + IBNR included in (A) (Loss & LAE): ) ) Gross of Reinsurance Basis $,0,000 Net of Reinsurance Basis,0,000 C. State the amount of ending reserves for loss adjustment expenses included in (A) (Case, Bulk + IBNR): ) ) Gross of Reinsurance Basis $,,000 Net of Reinsurance Basis,,000 D. Does the company have on the books, or has it ever written an insured for which you have defined a potential for the existence of, a liability due to environmental losses? Yes ( ) No ( X ). Subscriber Savings Accounts None. Multiple Peril Crop Insurance - None