Louisiana Citizens Property Insurance Corporation

Transcription

1 QUARTERLY STATEMENT OF THE Louisiana Citizens Property Insurance Corporation 0 OF Metairie IN THE STATE OF Louisiana TO THE INSURANCE DEPARTMENT OF THE STATE OF Louisiana AS OF JUNE 0, 0 PROPERTY AND CASUALTY 0

2 * * PROPERTY AND CASUALTY COMPANIES ASSOCIATION EDITION QUARTERLY STATEMENT AS OF JUNE 0, 0 OF THE CONDITION AND AFFAIRS OF THE Louisiana Citizens Property Insurance Corporation NAIC Group Code 0000, 0000 NAIC Company Code Employer s ID Number (Current Period) (Prior Period) Organized under the Laws of Louisiana, State of Domicile or Port of Entry Louisiana Country of Domicile United States Incorporated/Organized 08/5/00 Commenced Business 0/0/004 Statutory Home Office 4 Metairie Road, Suite 600, Metairie, LA (Street and Number) (City or Town, State and Zip Code) Main Administrative Office 4 Metairie Road, Suite 600 Metairie, LA (Street and Number) (City or Town, State and Zip Code) (Area Code) (Telephone Number) Mail Address P.O. Box 6070, New Orleans, LA 7060 (Street and Number or P.O. Box) (City or Town, State and Zip Code) Primary Location of Books and Records 4 Metairie Road, Suite 600 Metairie, LA (Street and Number) (City or Town, State and Zip Code) (Area Code) (Telephone Number) Internet Web Site Address Statutory Statement Contact Larry L Hayward (Name) (Area Code) (Telephone Number) (Extension) lhayward@lacitizens.com ( Address) (Fax Number) OFFICERS Name Title Name Title Richard Allen Robertson, Chief Executive Officer Paige McClendon Harper, Secretary Stephen Milford Cottrell, Chief Financial Officer, OTHER OFFICERS Ronald Edward Eaton, Vice President Staff Operations Dan Eugene Laffey, Chief Information Officer Vijay Anandi Ramachadran, Chief Operating Officer Alan Scott Romito, Chief Actuary DIRECTORS OR TRUSTEES Eric Steven Berger Fred C. Bosse Susan Denise Brignac Jerry Carlisle Gregory Cromer # Gene Galligan # Craig C. LeBouef Kenneth Eric LaFleur Samuel Perry Little A. Eugene Montgomery III Dan W. Morrish James H. Napper II Johnny Reeves J. William Starr State of County of LOUISIANA JEFFERSON 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. Richard Allen Robertson Paige McClendon Harper Stephen Milford Cottrell Chief Executive Officer Secretary Chief Financial Officer a. Is this an original filing? Yes [X] No [ ] Subscribed and sworn to before me this b. If no: 0th day of August, 0. State the amendment number. Date filed. Number of pages attached H. Gordon Hartman, Notary For Life

3 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation ASSETS Assets Current Statement Date 4 Nonadmitted Assets Net Admitted Assets (Cols. - ) December Prior Year Net Admitted Assets. Bonds 9,997,67 9,997,67 4,49,865. Stocks:. Preferred stocks 0 0. Common stocks 50,866,65 50,866,65 4,087,976. Mortgage loans on real estate:. First liens 0 0. Other than first liens Real estate: 4. Properties occupied by the company (less $ encumbrances) Properties held for the production of income (less $ encumbrances) Properties held for sale (less $ encumbrances) Cash ($ 66,060,95 ), cash equivalents ($ 0 ) and short-term investments ($ 8,98,7 ) 94,58,567 94,58,567 9,55, Contract loans (including $ premium notes) Derivatives Other invested assets Receivables for securities Securities lending reinvested collateral assets 0 0. Aggregate write-ins for invested assets Subtotals, cash and invested assets (Lines to ) 65,, ,,449 78,4,56. Title plants less $ charged off (for Title insurers only) Investment income due and accrued 44,58 44,58 54,98 5. Premiums and considerations: 5. Uncollected premiums and agents balances in the course of collection 7,064,6 904,68 6,59,958,9,0 5. Deferred premiums, agents balances and installments booked but deferred and not yet due (including $ earned but unbilled premiums) Accrued retrospective premiums Reinsurance: 6. Amounts recoverable from reinsurers,97,847,60,55 7,,446, Funds held by or deposited with reinsured companies Other amounts receivable under reinsurance contracts 7,79,6 8,8,465 8,46,798,887, Amounts receivable relating to uninsured plans Current federal and foreign income tax recoverable and interest thereon Net deferred tax asset Guaranty funds receivable or on deposit Electronic data processing equipment and software 99,95 99,95,590,857. Furniture and equipment, including health care delivery assets ($ ) 87,457 87, Net adjustment in assets and liabilities due to foreign exchange rates 0 0. Receivables from parent, subsidiaries and affiliates Health care ($ ) and other amounts receivable Aggregate write-ins for other than invested assets 88,768,568 57,6 88,97,45 874,4,50 6. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines to 5),5,598,7 4,05,94,9,9,4,8,87,7 7. From Separate Accounts, Segregated Accounts and Protected Cell Accounts Total (Lines 6 and 7),5,598,7 4,05,94,9,9,4,8,87,7 DETAILS OF WRITE-INS Summary of remaining write-ins for Line from overflow page Totals (Lines 0 through 0 plus 98) (Line above) LONG-TERM EMERGENCY ASSESSMENTS RECEIVABLE ,665,000 86,665, ,00, EMERGENCY ASSESSMENT RECEIVABLE - COMPANIES,45,94,45,94 7,87, RECEIVABLE FROM SERVICE PROVIDER - AUDUBON,90,90 9, Summary of remaining write-ins for Line 5 from overflow page 648,7 57,6 77,607 77, Totals (Lines 50 through 50 plus 598) (Line 5 above) 88,768,568 57,6 88,97,45 874,4,50

4 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation LIABILITIES, SURPLUS AND OTHER FUNDS Current Statement Date December, Prior Year. Losses (current accident year $,457,0 ) 45,649,45 49,7,74. Reinsurance payable on paid losses and loss adjustment expenses 0. Loss adjustment expenses 8,84,40 9,6, 4. Commissions payable, contingent commissions and other similar charges 4,74,995,997,6 5. Other expenses (excluding taxes, licenses and fees) 4,44,78,47, Taxes, licenses and fees (excluding federal and foreign income taxes) 45,96 77,900 7.Current federal and foreign income taxes (including $ on realized capital gains (losses)) 0 7. Net deferred tax liability 0 8. Borrowed money $ 86,47,04 and interest thereon $,767,09 89,40,07 875,84,56 9. Unearned premiums (after deducting unearned premiums for ceded reinsurance of $ 0 and including warranty reserves of $ 0 and accrued accident and health experience rating refunds including $ 0 for medical loss ratio rebate per the Public Health Service Act) 0,967,67 9,40,79 0. Advance premium 7,07,597 4,47,75. Dividends declared and unpaid:. Stockholders 0. Policyholders 0. Ceded reinsurance premiums payable (net of ceding commissions) 490,979. Funds held by company under reinsurance treaties 0 4. Amounts withheld or retained by company for account of others 4,97 4, Remittances and items not allocated 6,04 6,04 6. Provision for reinsurance 76,00 76,00 7. Net adjustments in assets and liabilities due to foreign exchange rates 0 8. Drafts outstanding 0 9. Payable to parent, subsidiaries and affiliates 0 0. Derivatives 0. Payable for securities 0. Payable for securities lending 0. Liability for amounts held under uninsured plans 0 4. Capital notes $ and interest thereon $ 0 5. Aggregate write-ins for liabilities 94,6,449 5,868, Total liabilities excluding protected cell liabilities (Lines through 5),07,97,605,65,70,97 7. Protected cell liabilities 0 8. Total liabilities (Lines 6 and 7),07,97,605,65,70,97 9. Aggregate write-ins for special surplus funds 978,05, ,05, Common capital stock 0. Preferred capital stock 0. Aggregate write-ins for other than special surplus funds 0 0. Surplus notes 0 4. Gross paid in and contributed surplus 0 5. Unassigned funds (surplus) 6. Less treasury stock, at cost: (946,884,7) (96,68,6) 6. shares common (value included in Line 0 $ ) 0 6. shares preferred (value included in Line $ ) 0 7. Surplus as regards policyholders (Lines 9 to 5, less 6),0,87 5,566,78 8. Totals (Page, Line 8, Col. ),9,9,4,8,87,7 DETAILS OF WRITE-INS 50. ACCOUNTS PAYABLE 8,64 44, EXCESS EMERGENCY ASSESSMENTS COLLECTED OVER DEBT SERVICE 6,86,49 85,77, UNEARNED TAX EXEMPT SURCHARGE,87,8,096, Summary of remaining write-ins for Line 5 from overflow page 6,957,088 7,069, Totals (Lines 50 through 50 plus 598) (Line 5 above) 94,6,449 5,868, EMERGENCY ASSESSMENT PROCEEDS 978,05, ,05, Summary of remaining write-ins for Line 9 from overflow page Totals (Lines 90 through 90 plus 998) (Line 9 above) 978,05, ,05, Summary of remaining write-ins for Line from overflow page Totals (Lines 0 through 0 plus 98) (Line above) 0 0

5 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation STATEMENT OF INCOME Current Year to Date Prior Year to Date Prior Year Ended December UNDERWRITING INCOME. Premiums earned:. Direct (written $ 05,54,674 ) 95,77,687 0,64,77 04,,59. Assumed (written $ ) 0. Ceded (written $ 7,944,56 ) 7,944,56 0,478,974 64,659,57.4 Net (written $ 67,0,48 ) 57,77,6 70,685,798 9,57,947 DEDUCTIONS:. Losses incurred (current accident year $ 9,05,66 ):. Direct,755,049 8,088,4 84,45,6. Assumed 0. Ceded (5,6) 475,907 (4,0,096).4 Net,807,85 7,6,5 88,78,77. Loss adjustment expenses incurred 8,65,474 9,768,4 8,8,94 4. Other underwriting expenses incurred 7,0,856 8,479,067,468, Aggregate write-ins for underwriting deductions Total underwriting deductions (Lines through 5) 7,475,55 65,859,56 8,975,70 7. Net income of protected cells Net underwriting gain (loss) (Line minus Line 6 + Line 7) 0,97,646 4,86,7 597,7 INVESTMENT INCOME 9. Net investment income earned (5,55,490) (,4,9) (4,060,776) 0. Net realized capital gains (losses) less capital gains tax of $,949 8,050 9,8. Net investment gain (loss) (Lines 9 + 0) (5,5,54) (,5,4) (4,040,954) OTHER INCOME. Net gain or (loss) from agents' or premium balances charged off (amount recovered $ 5,086 amount charged off $ 4,65 ) 45 (56,46) (774,798). Finance and service charges not included in premiums 0,750 4,74 85,54 4. Aggregate write-ins for miscellaneous income 6,90,88,748,97,45,64 5. Total other income (Lines through 4) 7,5,57,655,45,485, Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes (Lines ),06,678 6,46,580 (8,957,89) 7. Dividends to policyholders Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes (Line 6 minus Line 7),06,678 6,46,580 (8,957,89) 9. Federal and foreign income taxes incurred Net income (Line 8 minus Line 9)(to Line ),06,678 6,46,580 (8,957,89) CAPITAL AND SURPLUS ACCOUNT. Surplus as regards policyholders, December prior year 5,566,78 6,55,904 6,55,904. Net income (from Line 0),06,678 6,46,580 (8,957,89). Net transfers (to) from Protected Cell accounts Change in net unrealized capital gains or (losses) less capital gains tax of $ Change in net unrealized foreign exchange capital gain (loss) Change in net deferred income tax Change in nonadmitted assets (9,86,49) 77,57,9,57 8. Change in provision for reinsurance 0 5,0 9. Change in surplus notes Surplus (contributed to) withdrawn from protected cells 0 0. Cumulative effect of changes in accounting principles 0 0. Capital changes:. Paid in 0 0. Transferred from surplus (Stock Dividend) 0 0. Transferred to surplus 0 0. Surplus adjustments:. Paid in 0 0. Transferred to capital (Stock Dividend) 0 0. Transferred from capital Net remittances from or (to) Home Office Dividends to stockholders Change in treasury stock Aggregate write-ins for gains and losses in surplus,,80,09,688 6,55, Change in surplus as regards policyholders (Lines through 7) 5,754,089 0,8,55 (0,987,66) 9. Surplus as regards policyholders, as of statement date (Lines plus 8),0,87 6,88,49 5,566,78 DETAILS OF WRITE-INS Summary of remaining write-ins for Line 5 from overflow page TOTALS (Lines 050 through 050 plus 0598) (Line 5 above) APPLICATION FEES,7,875,8,55,48, NSF FEES RECOVERED 4,849 4,988, MISCELLANEOUS INCOME,65 6,576 7, Summary of remaining write-ins for Line 4 from overflow page 5,740,0,445,54 9,948, TOTALS (Lines 40 through 40 plus 498) (Line 4 above) 6,90,88,748,97,45, TAX EXEMPT SURCHARGE,4,0,8,676 6,50, CHANGE IN UNEARNED TAX EXEMPT SURCHARGE (90,400) (6,49) 0, EXCESS REGULAR ASSESSMENT RECOUPMENTS 0 6,4 6, Summary of remaining write-ins for Line 7 from overflow page TOTALS (Lines 70 through 70 plus 798) (Line 7 above),,80,09,688 6,55,870 4

6 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation CASH FLOW Current Year To Date Prior Year To Date Prior Year Ended December Cash from Operations. Premiums collected net of reinsurance 5,784,66 84,547,90 6,569,060. Net investment income (5,57,7) (,,885) (4,00,47). Miscellaneous income 7,5,57 7,8,8,485, Total (Lines to ) 5,508,96 7,56,48 7,04,55 5. Benefit and loss related payments 4,745,694 8,594,9 69,99,97 6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts Commissions, expenses paid and aggregate write-ins for deductions,996,905 8,47,587 56,409,69 8. Dividends paid to policyholders Federal and foreign income taxes paid (recovered) net of $ tax on capital gains (losses) Total (Lines 5 through 9) 8,74,599 66,94,86 6,9,096. Net cash from operations (Line 4 minus Line 0) 4,766,7 4,4,59 (9,04,545) Cash from Investments. Proceeds from investments sold, matured or repaid:. Bonds 5,000,000 5,000,000 45,000,000. Stocks 64,9,58 9,664,58 08,6,. Mortgage loans Real estate Other invested assets Net gains or (losses) on cash, cash equivalents and short-term investments Miscellaneous proceeds Total investment proceeds (Lines. to.7) 89,9,58 7,664,58 5,6,. Cost of investments acquired (long-term only):. Bonds,500,000 9,99,00 7,489,450. Stocks 7,690,77 80,9,66 77,,046. Mortgage loans Real estate Other invested assets Miscellaneous applications Total investments acquired (Lines. to.6) 76,90,77 00,84,66 4,8, Net increase (or decrease) in contract loans and premium notes Net cash from investments (Line.8 minus Line.7 and Line 4),7,6 7,479,89 (6,9,84) Cash from Financing and Miscellaneous Sources 6. Cash provided (applied): 6. Surplus notes, capital notes Capital and paid in surplus, less treasury stock Borrowed funds (6,044,456) (9,48,865) (40,74,67) 6.4 Net deposits on deposit-type contracts and other insurance liabilities Dividends to stockholders Other cash provided (applied) 8,6,660 6,846,84 77,009,67 7. Net cash from financing and miscellaneous sources (Line 6. through Line 6.4 minus Line 6.5 plus Line 6.6) (7,68,796) (,67,05) 6,75,00 RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 8. Net change in cash, cash equivalents and short-term investments (Line, plus Lines 5 and 7) 804,89 (94,567) (4,0,79) 9. Cash, cash equivalents and short-term investments: 9. Beginning of year 9,55,675 7,774,404 7,774, End of period (Line 8 plus Line 9.) 94,58,567 6,8,87 9,55,675 5

7 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation. Summary of Significant Accounting Policies A. Accounting Practices NOTES TO FINANCIAL STATEMENTS The financial statements of Louisiana Citizens Property Insurance Corporation (Citizens) are presented on the basis of accounting practices prescribed or permitted by the Louisiana Insurance Department. The Louisiana Insurance Department recognizes only statutory accounting practices prescribed or permitted by the State of Louisiana for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the Louisiana 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 Louisiana. B. Use of Estimates in the Preparation of the Financial Statements C. Accounting Policy. Accounting Changes and Corrections of Errors A. Material changes in accounting principles and/or correction of errors None. Business Combinations and Goodwill 4. Discontinued Operations 5. Investments A. Mortgage Loans B. Debt Restructuring C. Reverse Mortgages D. Loan-Backed Securities E. Repurchase Agreements and/or Securities Lending Transactions In 006 Citizens entered into a Repurchase Agreement with Societe Generale, New York Branch to invest a portion of the Debt Service Reserve Fund. The agreement requires Societe Generale to maintain margins on collateral of 04% - 05% of market value depending on the type of collateral. Acceptable securities are Ginnie Maes, Government Agencies, Mortgage backed securities of FHLMC or FHLB and U.S. Treasury securities. The custodian for the collateral is Wells Fargo Bank, N.A. The fair market value of collateral accepted from Societe Generale as of June 0, 0 was $8,98,7. The investment balance was $9,978,4 and the collateral percentage was 05.94%. F. Real Estate G. Investments in Low-Income Housing Tax Credits (LIHTC) 6. Joint Ventures, Partnerships and Limited Liability Companies 6

8 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation 7. Investment Income 8. Derivative Instruments 9. Income Taxes NOTES TO FINANCIAL STATEMENTS 0. Information Concerning Parent, Subsidiaries, Affiliates and Other Related Parties. Debt On June 0, 0, Citizens had assessment revenue bonds outstanding of $85,865,000 which are fixed rate bonds. In April 0, Citizens issued Series 0 Refunding Bonds for the principal amount of $5,60,000 to advance refund $54,5,000 in principal amount of Citizen's Assessment Revenue Bonds, Series 006C-4, issued in the original aggregate principal amount of $75 million. All assessments are held and bond obligations are paid by the bond trustee. There are no collateral requirements associated with these bonds. The following reflects the maturity schedule of the fixed rate bonds: Maturity Principal Amount Coupon Effective Rate 0 $,860, % 4.000% 0 $5,50, % 4.040% 0 $4,450, % 4.040% 0 $885, %.000% 04 $,945, % 4.400% 04 $40,595, % 4.40% 04 $900, %.0% 05 $,045, % 4.640% 05 $4,745, % 4.0% 05 $90, %.660% 06 $,55, % 4.860% 06 $44,95, % 4.60% 06 $945, %.840% 07 $,80, % 5.080% 07 $48,80, % 4.0% 07 $975, %.00% 08 $,40, % 5.90% 08 $49,570, % 4.50% 08 $,005, %.50% 09 $,570, % 5.490% 09 $5,065, % 4.80% 09 $,000, %.650% 00 $,700, % 5.670% 00 $55,70, % 4.40% 00 $,065, %.940% 0 $,870, % 5.80% 0 $57,485, % 4.40% 0 $,095, %.0% 0 $,065, % 5.980% 0 $6,80, % 4.450% 0 $,0,000.5%.0% 0 $0,845, % 4.60% 0 $,70, % 6.040% 0 $4,0, % 4.470% 0 $,65,000.50%.40% 04 $6,95, % 6.90% 04 $4,50, %.60% 04 $8,000, %.40% 05 $50, % 6.0% 05 $75,000, % 6.0% 06 $5,5, % 6.40% 06 $75,000, % 6.50% Total $85,865,000 Total interest paid and incurred in 0 on the fixed rate bonds was $5,49,567 and $4,84,9, respectively. 6.

9 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation NOTES TO FINANCIAL STATEMENTS. Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other Postretirement Benefit Plans A. Defined Benefit Plan B. Defined Contribution Pension Plan and 40K Savings Plan Citizens has a defined contribution pension plan for all employees and contributes % of each employee s wages to the plan. Citizens contribution to the pension plan was $05, for the first six months of 0. Citizens also has a 40K savings plan for all employees and matches a portion of the employee s contribution. Citizens contributed $9,649 to the 40K savings plan for the first six months of 0. Citizens expensed the contributions each month and carries no assets or liabilities for the defined contribution pension plan and 40K savings plan on the Balance Sheet. C. Multiemployer Plans D. Consolidated/Holding Company Plans E. Postemployment Benefits and Compensated Absences F. Impact of Medicare Modernization Act on Postretirement Benefits. Capital and Surplus, Dividend Restrictions and Quasi-Reorganizations Citizens incurred losses and loss adjustment expenses of $.6 billion as a result of the 005 Hurricanes Katrina and Rita. In 006 Citizens issued $978 million of emergency assessment revenue bonds to pay for the losses. In 0, to repay the bonds emergency assessments of.9% are being collected on all property policies in Louisiana and remitted by each insurer within 0 days after the end of each calendar quarter. 4. Contingencies A. Contingent Commitments B. Assessments C. Gain Contingencies D. Claims Related Extra Contractual Obligation and Bad Faith Losses Stemming From Lawsuits There are currently approximately,000 open litigation matters against Citizens. Approximately 65% of these matters are first-party suits related to Hurricanes Katrina and Rita. The balance of the litigated matters are related to first party losses, third-party bodily injury claims, subrogation or claims where the issue of coverage is in dispute. Citizens is also a defendant in two class action suits resulting from Hurricanes Katrina and Rita and one class action suit (Thibodeaux) arising from a procedural matter: Orrill v. Louisiana Citizens Property Insurance Corporation. The plaintiffs in this suit allege Citizens failed to make timely payments after satisfactory Proof of Loss was furnished by the insured. This class contains approximately 0,000 members, but not all of them have been determined to be eligible to participate in the class. Citizens has filed writs with the Louisiana Supreme Court asking they review the issue. Citizens has established a conservative reserve of $7 million for this case (included on the balance sheet page line ). 6.

10 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation NOTES TO FINANCIAL STATEMENTS Oubre v. Louisiana Citizens Property Insurance Corporation. The plaintiffs in this suit allege that Citizens failed to timely initiate loss adjustment as required by Louisiana statutory law exposing Citizens to mandatory penalties in the amount of $5, This matter was certified as a Class Action. Prior to the trial date, the lower Court granted plaintiffs motions for Summary Judgment in the amount of $9.6 million. Although Citizens anticipates a significant judgment which could range up to $00 million depending on the final size of the class, Citizens has reserves of $00 million (included on the balance sheet page line ) and access to approximately $75 million of excess bond assessments included in trustee cash (shown on page line. on the balance sheet), in addition to operating cash in excess of $50 million, (included on the balance sheet page lines,., and 5) which can be used to satisfy any judgment. Thibodeaux v. Louisiana Citizens Property Insurance Corporation. The plaintiffs in this suit allege that Citizens failed to include the $65.00 application fee on its declaration page for all new policies. Plaintiffs seek return of the $65.00 application fee for all affected policyholders. This matter was certified as a class action by the court on February 7, 009 and Citizens filed its appeal with the st Circuit Court of Appeals. Again, if the appeal is denied by the st Circuit, Citizens will be taking writs to the Supreme Court of Louisiana. In addition to the issues related to certification, there are a number of legal issues related to the merits that will need to be addressed by the court. The resolution of any of these issues could result in this case being dismissed as a whole. Although it is difficult to assess the potential exposure of this matter until such time as the certification issue is finally decided by the appellate courts, Citizens has established a conservative reserve of $.5 million for this matter (shown on page line 507 on the balance sheet). E. Product Warranties F. All Other Contingencies 5. Leases 6. Information About Financial Instruments With Off-Balance Sheet Risk and Financial Instruments with Concentrations of Credit Risk 7. Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities 8. Gain or Loss to the Reporting Entity from Uninsured Plans and the Uninsured Portion of Partially Insured Plans 9. Direct Premium Written/Produced by Managing General Agents/Third Party Administrators 0. Fair Value Measurements A. Assets and Liabilities Measured at Fair Value After Initial Recognition B. Fair Value Disclosure Under SSAP No. 00 and Other Accounting Pronouncements C. Aggregate Fair Value Disclosure for Financial Instruments and Level Within the Fair Value Hierarchy None D. Fair Value Disclosure for Financial Instruments Without Practicable Estimate of Fair Value. Other Items A. Extraordinary Items 6.

11 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation B. Troubled Debt Restructuring C. Other Disclosures NOTES TO FINANCIAL STATEMENTS D. Uncollectible Balances for Premium Balances, Bills Receivable for Premiums, Amounts Due From Agents and Brokers, Uninsured Plans, or Retrospectively Rated Contracts At June 0, 0 and December, 0 Citizens had admitted assets of $6,59,958 and $,9,0 respectively in premiums receivable due from policyholders. Citizens routinely assesses the collectability of these receivables. A nonadmitted asset has been established for balances over 90 days past due. At June 0, 0 and December, 0 amounts of $904,68 and $755,0, respectively, represented such balances over 90 days due. E. Business Interruption Insurance Recoveries F. State Transferable Tax Credits G. Subprime Mortgage Related Risk Exposure. Events Subsequent Type I. None Type II. Subsequent events have been considered through August 6, 0 for the statutory statements issued on August 0, 0. In reference to the class action suit Oubre v. Louisiana Citizens Property Insurance Corporation mentioned in note 4. D, on July, 0 Citizens settled the majority of this class action suit with a payment of $04 million to the plaintiff counsel for distribution to the class members. The funds were comprised from $76 million of excess bond assessments and $8 million of operating cash. In reference to the class action suit Thibodeaux v. Louisiana Citizens Property Insurance Corporation mentioned in note 4. D, Citizens received a favorable ruling on the appeal filed, however further action has been taken by Class counsel as a result of the ruling. These actions are not expected to have a material impact on the financial statements.. Reinsurance A. Unsecured Reinsurance Recoverables B. Reinsurance Recoverable in Dispute Name of Reinsurer Total Amount In Dispute (including Notification Arbitration Litigation IBNR) Lehman Reins Co Ltd $,60,946 $,60,946 C. Reinsurance Assumed and Ceded D. Uncollectible Reinsurance None E. Commutation of Ceded Reinsurance None F. Retroactive Reinsurance G. Reinsurance Accounted for as a Deposit 6.4

12 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation NOTES TO FINANCIAL STATEMENTS H. Disclosures for the Transfer of Property and Casualty Run-off Agreements 4. Retrospectively Rated Contracts & Contracts Subject to Redetermination 5. Changes in Incurred Losses and Loss Adjustment Expenses Reserves at December, 0 were $59 million. As of June 0, 0, $ million was paid for incurred losses and loss adjustment expenses attributed to insured events of prior years. Reserves remaining for prior years at June 0, 0 were $5 million as a result of re-estimation of unpaid claims and claim adjustment expenses. There was a $7 million unfavorable prior-year development between December, 0 and June 0, 0 from normal claim activity. 6. Intercompany Pooling Arrangements 7. Structured Settlements 8. Health Care Receivables 9. Participating Policies 0. Premium Deficiency Reserves. High Deductibles. Discounting of Liabilities for Unpaid Losses or Unpaid Loss Adjustment Expenses. Asbestos/Environmental Reserves 4. Subscriber Savings Accounts 5. Multiple Peril Crop Insurance 6. Financial Guaranty Insurance 6.5

13 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation GENERAL INTERROGATORIES PART - COMMON INTERROGATORIES GENERAL. Did the reporting entity experience any material transactions requiring the filing of Disclosure of Material Transactions with the State of Domicile, as required by the Model Act? Yes [ ] No [X]. If yes, has the report been filed with the domiciliary state? Yes [ ] No [ ]. Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of the reporting entity? Yes [ ] No [X]. If yes, date of change:. Have there been any substantial changes in the organizational chart since the prior quarter end? Yes [ ] No [X] If yes, complete the Schedule Y - Part - organizational chart. 4. Has the reporting entity been a party to a merger or consolidation during the period covered by this statement? Yes [ ] No [X] 4. If yes, provide the name of entity, NAIC Company Code, and state of domicile (use two letter state abbreviation) for any entity that has ceased to exist as a result of the merger or consolidation. Name of Entity NAIC Company Code State of Domicile 5. If the reporting entity is subject to a management agreement, including third-party administrator(s), managing general agent(s), attorney-infact, or similar agreement, have there been any significant changes regarding the terms of the agreement or principals involved? Yes [ ] No [X] NA [ ] If yes, attach an explanation. 6. State as of what date the latest financial examination of the reporting entity was made or is being made. 0// State the as of date that the latest financial examination report became available from either the state of domicile or the reporting entity. This date should be the date of the examined balance sheet and not the date the report was completed or released. 0// State as of what date the latest financial examination report became available to other states or the public from either the state of domicile or the reporting entity. This is the release date or completion date of the examination report and not the date of the examination (balance sheet date). // By what department or departments? LOUISIANA DEPARTMENT OF INSURANCE 6.5 Have all financial statement adjustments within the latest financial examination report been accounted for in a subsequent financial statement filed with Departments? Yes [ ] No [ ] NA [X] 6.6 Have all of the recommendations within the latest financial examination report been complied with? Yes [ ] No [ ] NA [X] 7. Has this reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration, if applicable) suspended or revoked by any governmental entity during the reporting period? Yes [ ] No [X] 7. If yes, give full information: 8. Is the company a subsidiary of a bank holding company regulated by the Federal Reserve Board? Yes [ ] No [X] 8. If response to 8. is yes, please identify the name of the bank holding company. 8. Is the company affiliated with one or more banks, thrifts or securities firms? Yes [ ] No [X] 8.4 If response to 8. is yes, please provide below the names and location (city and state of the main office) of any affiliates regulated by a federal regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC)] and identify the affiliate s primary federal regulator.] Affiliate Name Location (City, State) FRB 4 OCC 5 FDIC 6 SEC 7

14 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation GENERAL INTERROGATORIES 9. Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions) of the reporting entity subject to a code of ethics, which includes the following standards? Yes [X] No [ ] (a) Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; (b) Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity; (c) Compliance with applicable governmental laws, rules and regulations; (d) The prompt internal reporting of violations to an appropriate person or persons identified in the code; and (e) Accountability for adherence to the code. 9. If the response to 9. is No, please explain: 9. Has the code of ethics for senior managers been amended? Yes [ ] No [X] 9. If the response to 9. is Yes, provide information related to amendment(s). 9. Have any provisions of the code of ethics been waived for any of the specified officers? Yes [ ] No [X] 9. If the response to 9. is Yes, provide the nature of any waiver(s). FINANCIAL 0. Does the reporting entity report any amounts due from parent, subsidiaries or affiliates on Page of this statement? Yes [ ] No [X] 0. If yes, indicate any amounts receivable from parent included in the Page amount: $ INVESTMENT. Were any of the stocks, bonds, or other assets of the reporting entity loaned, placed under option agreement, or otherwise made available for use by another person? (Exclude securities under securities lending agreements.) Yes [ ] No [X]. If yes, give full and complete information relating thereto:. Amount of real estate and mortgages held in other invested assets in Schedule BA: $ 0. Amount of real estate and mortgages held in short-term investments: $ 0 4. Does the reporting entity have any investments in parent, subsidiaries and affiliates? Yes [ ] No [X] 4. If yes, please complete the following: Prior Year-End Book/Adjusted Carrying Value Current Quarter Book/Adjusted Carrying Value 4. Bonds $ $ 4. Preferred Stock $ $ 4. Common Stock $ $ 4.4 Short-Term Investments $ $ 4.5 Mortgage Loans on Real Estate $ $ 4.6 All Other $ $ 4.7 Total Investment in Parent, Subsidiaries and Affiliates (Subtotal Lines 4. to 4.6) $ 0 $ Total Investment in Parent included in Lines 4. to 4.6 above $ $ 5. Has the reporting entity entered into any hedging transactions reported on Schedule DB? Yes [ ] No [X] 5. If yes, has a comprehensive description of the hedging program been made available to the domiciliary state? Yes [ ] No [ ] If no, attach a description with this statement. 7.

15 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation GENERAL INTERROGATORIES 6. Excluding items in Schedule E Part Special Deposits, real estate, mortgage loans and investments held physically in the reporting entity s offices, vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a custodial agreement with a qualified bank or trust company in accordance with Section, III General Examination Considerations, F. Outsourcing of Critical Functions, Custodial or Safekeeping Agreements of the NAIC Financial Condition Examiners Handbook? Yes [X] No [ ] 6. For all agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook, complete the following: REGIONS BANK Name of Custodian(s) Custodian Address CITY PLAZA, 400 CONVENTION STREET, BATON ROUGE, LA For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook, provide the name, location and a complete explanation: Name(s) Location(s) Complete Explanation(s) 6. Have there been any changes, including name changes, in the custodian(s) identified in 6. during the current quarter? Yes [ ] No [X] 6.4 If yes, give full and complete information relating thereto: Old Custodian New Custodian Date of Change 4 Reason 6.5 Identify all investment advisors, broker/dealers or individuals acting on behalf of broker/dealers that have access to the investment accounts, handle securities and have authority to make investments on behalf of the reporting entity: Central Registration Depository Name(s) Address 7. Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Securities Valuation Office been followed? Yes [X] No [ ] 7. If no, list exceptions: 7.

16 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation GENERAL INTERROGATORIES PART - PROPERTY & CASUALTY INTERROGATORIES. If the reporting entity is a member of a pooling arrangement, did the agreement or the reporting entity's participation change? Yes [ ] No [ ] NA [X] If yes, attach an explanation.. Has the reporting entity reinsured any risk with any other reporting entity and agreed to release such entity from liability, in whole or in part, from any loss that may occur on the risk, or portion thereof, reinsured? Yes [ ] No [X] If yes, attach an explanation.. Have any of the reporting entity's primary reinsurance contracts been canceled? Yes [ ] No [X]. If yes, give full and complete information thereto. 4. Are any of the liabilities for unpaid losses and loss adjustment expenses other than certain workers' compensation tabular reserves (see Annual Statement Instructions pertaining to disclosure of discounting for definition of tabular reserves, ) discounted at a rate of interest greater than zero? Yes [ ] No [X] 4. If yes, complete the following schedule: Line of Business Maximum Interest Discount Rate 4 Unpaid Losses TOTAL DISCOUNT 5 6 Unpaid LAE IBNR 7 TOTAL DISCOUNT TAKEN DURING PERIOD Unpaid Unpaid Losses LAE IBNR TOTAL TOTAL Operating Percentages: 5. A&H loss percent % 5. A&H cost containment percent % 5. A&H expense percent excluding cost containment expenses % 6. Do you act as a custodian for health savings accounts? Yes [ ] No [X] 6. If yes, please provide the amount of custodial funds held as of the reporting date. $ 6. Do you act as an administrator for health savings accounts? Yes [ ] No [X] 6.4 If yes, please provide the balance of the funds administered as of the reporting date. $ 8

17 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation NAIC Company Code Federal ID Number SCHEDULE F - CEDED REINSURANCE Showing All New Reinsurers - Current Year to Date 4 Domiciliary Jurisdiction 5 Is Insurer Authorized? (Yes or No) Name of Reinsurer AFFILIATES US INSURERS RLI INS CO IL Yes POOLS AND ASSOCIATIONS ALL OTHER INSURERS AA ALLIANZ RISK TRANSFER CH No AA PELICAN RE LTD KY No 9

18 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation States, etc. SCHEDULE T - EXHIBIT OF PREMIUMS WRITTEN Current Year to Date - Allocated by States and Territories Direct Premiums Written Direct Losses Paid (Deducting Salvage) Direct Losses Unpaid Active Status Current Year To Date Prior Year To Date Current Year To Date Prior Year To Date Current Year To Date Prior Year To Date. Alabama AL N Alaska AK N Arizona AZ N Arkansas AR N California CA N Colorado CO N Connecticut CT N Delaware DE N District of Columbia DC N Florida FL N Georgia GA N Hawaii HI N Idaho ID N Illinois IL N Indiana IN N Iowa IA N Kansas KS N Kentucky KY N Louisiana LA L 05,54,674,4,00 5,779,605 4,80,8 48,047,64 8,89,9 0. Maine ME N Maryland MD N Massachusetts MA N Michigan MI N Minnesota MN N Mississippi MS N Missouri MO N Montana MT N Nebraska NE N Nevada NV N New Hampshire NH N New Jersey NJ N New Mexico NM N New York NY N North Carolina NC N North Dakota ND N Ohio OH N Oklahoma OK N Oregon OR N Pennsylvania PA N Rhode Island RI N South Carolina SC N South Dakota SD N Tennessee TN N Texas TX N Utah UT N Vermont VT N Virginia VA N Washington WA N West Virginia WV N Wisconsin WI N Wyoming WY N American Samoa AS N Guam GU N Puerto Rico PR N U.S. Virgin Islands VI N Northern Mariana Islands MP N Canada CN N Aggregate Other Alien OT XXX Totals (a) 05,54,674,4,00 5,779,605 4,80,8 48,047,64 8,89,9 DETAILS OF WRITE-INS 580. XXX 580. XXX 580. XXX Summary of remaining writeins for Line 58 from overflow page XXX TOTALS (Lines 580 through 580 plus 5898) (Line 58 above) XXX (L) Licensed or Chartered - Licensed Insurance Carrier or Domiciled RRG; (R) Registered - Non-domiciled RRGs; (Q) Qualified - Qualified or Accredited Reinsurer; (E) Eligible - Reporting Entities eligible or approved to write Surplus Lines in the state; (N) None of the above - Not allowed to write business in the state. (a) Insert the number of L responses except for Canada and Other Alien. 0

19 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation Schedule Y - Part Schedule Y - Part A,

20 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation PART - LOSS EXPERIENCE Direct Premiums Earned Current Year to Date 4 Direct Losses Direct Loss Incurred Percentage Prior Year to Date Direct Loss Percentage Line of Business. Fire 8,86,69 4,96, Allied lines 48,674,094,5, Farmowners multiple peril Homeowners multiple peril 8,756,954 4,05, Commercial multiple peril Mortgage guaranty Ocean marine Inland marine Financial guaranty Medical professional liability -occurrence Medical professional liability -claims made Earthquake Group accident and health Credit accident and health Other accident and health Workers compensation Other liability occurrence Other liability-claims made Excess Workers Compensation Products liability-occurrence Products liability-claims made ,9. Private passenger auto liability ,9.4 Commercial auto liability Auto physical damage Aircraft (all perils) Fidelity Surety Burglary and theft Boiler and machinery Credit International Warranty Reinsurance - Nonproportional Assumed Property XXX XXX XXX XXX. Reinsurance - Nonproportional Assumed Liability XXX XXX XXX XXX. Reinsurance - Nonproportional Assumed Financial Lines XXX XXX XXX XXX 4. Aggregate write-ins for other lines of business TOTALS 95,77,687,755, DETAILS OF WRITE-INS Sum. of remaining write-ins for Line 4 from overflow page Totals (Lines 40 through 40 plus 498) (Line 4) PART - DIRECT PREMIUMS WRITTEN Current Quarter Current Year to Date Prior Year Year to Date Line of Business. Fire 0,9,88 0,7,48 9,4,74. Allied lines,59,569 55,66,0 5,747,. Farmowners multiple peril Homeowners multiple peril 6,44,647 9,74,96 40,96,7 5. Commercial multiple peril Mortgage guaranty Ocean marine Inland marine Financial guaranty 0 0. Medical professional liability-occurrence 0 0. Medical professional liability-claims made 0 0. Earthquake 0 0. Group accident and health Credit accident and health Other accident and health Workers compensation Other liability occurrence Other liability-claims made Excess Workers Compensation Products liability-occurrence Products liability-claims made ,9. Private passenger auto liability ,9.4 Commercial auto liability 0 0. Auto physical damage 0 0. Aircraft (all perils) 0 0. Fidelity Surety Burglary and theft Boiler and machinery Credit International Warranty 0 0. Reinsurance - Nonproportional Assumed Property XXX XXX XXX. Reinsurance - Nonproportional Assumed Liability XXX XXX XXX. Reinsurance - Nonproportional Assumed Financial Lines XXX XXX XXX 4. Aggregate write-ins for other lines of business TOTALS 60,957,098 05,54,674,4,00 DETAILS OF WRITE-INS Sum. of remaining write-ins for Line 4 from overflow page Totals (Lines 40 through 40 plus 498) (Line 4) 0 0 0

21 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation PART (000 omitted) LOSS AND LOSS ADJUSTMENT EXPENSE RESERVES SCHEDULE Years in Which Losses Occurred Prior Year-End Known Case Loss and LAE Reserves Prior Year-End IBNR Loss and LAE Reserves Total Prior Year-End Loss and LAE Reserves (Cols. + ) 0 Loss and LAE Payments on Claims Reported as of Prior Year-End 0 Loss and LAE Payments on Claims Unreported as of Prior Year-End Total 0 Loss and LAE Payments (Cols ) Q.S. Date Known Case Loss and LAE Reserves on Claims Reported and Open as of Prior Year End Q.S. Date Known Case Loss and LAE Reserves on Claims Reported or Reopened Subsequent to Prior Year End Q.S. Date IBNR Loss and LAE Reserves Total Q.S. Loss and LAE Reserves (Cols ) Prior Year-End Known Case Loss and LAE Reserves Developed (Savings)/ Deficiency (Cols minus Col. ) Prior Year-End IBNR Loss and LAE Reserves Developed (Savings)/ Deficiency (Cols minus Col. ) Prior Year-End Total Loss and LAE Reserve Developed (Savings)/ Deficiency (Cols. + ) Prior 5,67 5,0 40,68 6, ,, ,0 7,0,86 47, ,76, ,76, Subtotals 00 + prior 6,4 7,774 44,05 6, ,84,856 7,774 40,94,9 5, ,084 0,46 4,50 5,657,6 6,87,56 5 0,46,77,89,5 4, Subtotals 0 + prior 0,5 8,0 58,55,7,46,687 4, 48 8,0 5,669 6,058,76 7, XXX XXX XXX XXX 0,798 0,798 XXX,8 0,8 XXX XXX XXX 7. Totals 0,5 8,0 58,55,7,4 4,485 4,,7 8,0 54,49 6,058,76 7,8 Prior Year-End 8. Surplus As Col., Line 7 Col., Line 7 Col., Line 7 Regards Policyholders 5,567 Line 7 Line 7 Line As % of Col., As % of Col., As % of Col., Col., Line 7 Line

22 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation SUPPLEMENTAL EXHIBITS AND SCHEDULES INTERROGATORIES The following supplemental reports are required to be filed as part of your statement filing. However, in the event that your company does not transact the type of business for which the special report must be filed, your response of NO to the specific interrogatory will be accepted in lieu of filing a report and a bar code will be printed below. If the supplement is required of your company but is not being filed for whatever reason enter SEE EXPLANATION and provide an explanation following the interrogatory questions. Response. Will the Trusteed Surplus Statement be filed with the state of domicile and the NAIC with this statement? NO. Will Supplement A to Schedule T (Medical Professional Liability Supplement) be filed with this statement? NO. Will the Medicare Part D Coverage Supplement be filed with the state of domicile and the NAIC with this statement? NO 4. Will the Director and Officer Supplement be filed with the state of domicile and the NAIC with this statement? NO Explanation: Bar Code:. * *. * *. * * 4. * * 5

23 STATEMENT AS OF JUNE 0, 0 OF THE Louisiana Citizens Property Insurance Corporation OVERFLOW PAGE FOR WRITE-INS PQ00 Additional Aggregate Lines for Page 0 Line 5. *ASSETS Assets Nonadmitted Assets Net Admitted Assets (Cols. - ) 4 December Prior Year Net Admitted Assets 504. PREPAID HEALTH INSURANCE 60,5 60, RECEIVABLE FOR INHOUSE PRINTING 70,000 70,000 70, RECEIVABLE FOR SECURITY DEPOSIT 7,607 7,607 7, COMMISSION DUE FROM AGENTS PREPAID MISCELLANEOUS EXPENSE 475, , MISCELLANEOUS RECEIVABLE 5,798 5, PREPAID RENT 9,46 9, Summary of remaining write-ins for Line 5 from Page 0 648,7 57,6 77,607 77,78 PQ00 Additional Aggregate Lines for Page 0 Line 5. *LIAB Current Statement Date December, Prior Year 504. TAKE OUT PREMIUM PAYABLE 9,08, TAKE OUT RETENTION - INITIAL ASSUMED 04,905 78, PENDING ESCHEATMENT PAYABLE 4,5,8 4,746, NON-CLAIM RELATED LITIGATION PAYABLE,500,000,500, Summary of remaining write-ins for Line 5 from Page 0 6,957,088 7,069,499 PQ004 Additional Aggregate Lines for Page 04 Line 4. *STMTINCOME Current Year to Date Prior Year to Date Prior Year Ended December 404. EMERGENCY ASSESSMENT INCOME 5,740,0,445,54 4,448, NON-CLAIM RELATED LITIGATION EXPENSE 0 (,500,000) 497. Summary of remaining write-ins for Line 4 from Page 04 5,740,0,445,54 9,948,58 6