STATE OF CALIFORNIA DEPARTMENT OF INSURANCE …...Northern Of New York $17,114,122 - - Maryland Casualty $20,447,477 - - Universal Underwriters $40,913,335 - - Empire Fire & Marine

STATE OF CALIFORNIA DEPARTMENT OF INSURANCE

CALIFORNIA ORGANIZED INVESTMENT NETWORK (COIN)

300 CAPITAL MALL, SUITE 1600

SACRAMENTO, CA 95814

www.insurance.ca.gov/COIN

Insurer 2012 CA Premiums2012 High Impact

Holdings

2012 COIN

Qualified

Holdings

Wellpoint Inc $5,807,920,201 - $31,348,717

Unicare Life & Health $15,588,060 - -

Anthem Life $18,282,398 - -

Anthem Blue Cross Life & Health $5,774,049,743 - $31,348,717

State Farm $5,283,886,295 $48,593,770 $497,952,645

State Farm Fire & Casualty $84,376,429 $146,665 $93,542,549

State Farm Life $400,096,357 $568,072 $23,970,808

State Farm General $2,104,593,622 $293,330 $95,206,960

State Farm Mutual Auto $2,694,819,887 $47,585,703 $285,232,327

Farmers Insurance $5,087,043,884 $42,697,120 $42,697,120

21st Century Centennial $248,331 - -

21st Century Premier $7,670,360 - -

Civic Property & Casualty $7,745,207 - -

Exact Property & Casualty Inc $8,036,496 - -

Foremost Property & Casualty $10,632,503 - -

21st Century Casualty $14,231,752 - -

Neighborhood Spirit Property & Casualty $22,423,897 - -

Foremost Grand Rapids Michigan $160,390,962 - -

Coast National $355,992,022 - -

Truck Insurance Exchange $358,742,496 - -

21st Century $613,161,506 - -

Fire Insurance Exchange $852,282,985 - -

Farmers Insurance Exchange $853,600,913 $42,697,120 $42,697,120

Mid Century $1,821,884,454 - -

Metropolitan $4,923,942,645 $141,861,699 $721,428,609

Delaware America Life $168,148 - -

Safehealth Life $6,862,463 - -

Metropolitan Tower Life $7,229,344 - -

MetLife Investors $28,752,932 - -

New England Life $30,966,902 - $14,252,303

General America Life $46,428,957 $132,757 $855,129

Metlife of CT $97,767,367 $16,239,257 $41,198,980

Metropolitan Direct Property & Casualty $114,074,684 - -

Metropolitan Life $2,165,693,320 $117,076,839 $607,927,371

MetLife Investors USA $2,425,998,528 $8,412,847 $57,194,827

Prudential of America $4,451,482,726 $248,983 $642,352,004

Prudential Retirement Insurance & Annuity $1,369,410 - $68,837,424

Prudential Annuity Life Assurance Corporation $88,283,475 - $4,516,521

Pruco Life $1,975,254,796 - $40,094,173

Prudential Of America $2,386,575,045 $248,983 $528,903,885

Allstate Insurance $3,055,718,923 $304,146,983 $543,739,072

Allstate Life Of New York $479,286 $54,730,512 $70,528,571

Northbrook Indemnity $8,620,039 - -

American Heritage Life $37,287,340 $11,818,169 $13,818,169

Encompass $81,765,280 - $100,000

Allstate Life $89,318,714 $196,335,692 $346,964,000

Esurance Property & Casualty $167,923,779 - -

Lincoln Benefit Life $274,870,403 $10,000,000 $10,000,000

Allstate $1,112,911,595 $31,262,611 $102,328,332

1







Holdings

2012 COIN

Qualified

Holdings

Allstate Indemnity $1,282,542,487 - -

Liberty Mutual $2,857,712,514 $35,829,430 $178,971,663

First Liberty $745,739 - -

American States Of Texas $2,737,507 - -

Ohio Casualty $3,616,484 - -

American Fire & Casualty $3,619,099 - -

LM Insurance Corporation $5,339,526 - -

Employers Insurance Company of Wausau $16,680,957 - $24,093,191

Liberty Northwest $17,177,901 - -

Peerless Indemnity $21,507,642 - -

Wausau Business $22,789,229 - -

American States Preferred $34,917,755 - -

The Netherlands $35,711,705 - -

General Insurance Of America $40,757,265 - $2,010,000

American States $49,749,383 - -

American Economy $63,632,557 - $26,993,871

Liberty Insurance Underwriters Inc $64,854,757 - -

Safeco Of Illinois $71,903,787 - -

First National Of America $95,556,888 - -

Wausau Underwriters $113,018,949 - -

Liberty $129,904,950 - -

Peerless $174,778,679 - $13,577,020

Liberty Life Assurance Of Boston $184,925,071 - $27,024,007

Golden Eagle $218,273,522 - $2,065,000

Liberty Mutual $350,618,701 - $41,482,580

Safeco Of America $549,445,212 $35,829,430 $40,699,430

Liberty Mutual Fire $585,449,249 - $1,026,564

Nationwide Corporate $2,843,018,736 $162,655,512 $462,187,058

Freedom Specialty $1,131,227 - -

Farmland Mutual $1,612,386 - -

Crestbrook $1,715,270 - -

Depositors $5,586,115 - -

Nationwide Mutual Fire $12,458,975 $3,684,670 $17,094,322

National Casualty $17,529,362 - $2,937,150

Titan Indemnity $20,505,453 - -

Scottsdale Indemnity $39,205,031 - -

Veterinary Pet $39,866,581 - -

Nationwide Agribusiness $42,100,467 - $2,937,150

Nationwide Life & Annuity $54,169,211 $6,000,000 $6,215,937

Victoria Fire & Casualty $69,991,266 - -

Nationwide Of America $139,963,177 - -

Allied Property & Casualty $189,629,970 - -

Nationwide Mutual $258,841,278 $70,827,596 $286,227,243

Amco $668,220,725 - -

Nationwide Life $1,280,492,242 $82,143,246 $146,775,257

Aegon US Holding $2,786,101,468 - $107,648,294

Transamerica Advisors Life $2,758,671 - -

Stonebridge Casualty $30,518,332 - -

Stonebridge Life $56,526,627 - $12,701,413

2







Holdings

2012 COIN

Qualified

Holdings

Monumental Life $120,720,462 - $58,738,197

Western Reserve Life Assurance of Ohio $237,714,158 - $1,190,836

Transamerica Financial Life $365,682,152 - -

Transamerica Life $1,972,181,066 - $35,017,848

AIG $2,695,770,729 - $243,070,208

United Guarantee Credit $148,659 - -

United Guarantee Mortgage Indemnity $21,101,561 - -

United Guarantee Residential $30,138,098 - -

American Home Assurance $32,171,996 - -

United States Life In New York City $46,908,260 - $107,763,040

Commerce & Industry $62,596,525 - $81,326,418

New Hampshire $130,560,612 - -

Granite State $134,672,726 - -

Insurance Company Of The State Of Pennsylvania $212,730,816 - -

AIG Property Casualty $220,505,341 - -

Variable Annuity Life $404,974,397 - $53,980,750

American General Life $463,355,222 - -

National Union Fire Of Pittsburg $935,906,516 - -

John Hancock $2,647,033,634 $141,705,217 $492,482,423

John Hancock Life & Health $1,917,218 $4,095,000 $4,454,918

John Hancock Life USA $2,645,116,416 $137,610,217 $488,027,505

Travelers $2,321,489,727 - $204,043,221

Travelers Casualty Of Connecticut $375,635 - -

St Paul Guardian $488,069 - -

Farmington Casualty $847,535 - $2,944,900

Fidelity & Guarantee Insurance Underwriters Inc $1,062,147 - $1,252,942

Fidelity & Guarentee $3,283,045 - -

Travelers Casualty & Surety $12,217,864 - $81,384,915

Discover Property & Casualty $13,507,352 - $1,073,980

Northland $33,936,733 - -

United States Fidelity & Guarantee $35,294,365 - $12,914,024

St Paul Mercury $39,934,191 - -

St Paul Fire & Marine $92,182,018 - $61,306,677

Travelers Property Casualty $109,291,660 - -

Travelers Casualty Of America $119,540,746 - $3,163,801

Travelers Casualty & Surety Comany Of America $149,681,524 - $30,881,930

Travelers Indemnity Of Connecticut $173,798,223 - -

Travelers Commercial $182,603,165 - -

Standard Fire $219,038,416 - $9,120,052

Travelers Prop Casualty Of America $1,134,407,039 - -

Hartford Fire & Casualty $2,304,283,330 $271,000,000 $392,357,466

Trumbull $177,528 - -

American Maturity Life $379,966 - -

Property & Casualty Of Hartford $12,535,498 - -

Sentinel Ltd $31,804,483 - -

Hartford Accident & Indemnity $106,935,144 $24,000,000 $24,000,000

Twin City Fire $152,034,376 - -

Hartford Of The Midwest $167,350,641 - $6,356,940

Hartford Fire $232,962,476 $58,285,716 $60,449,174

3







Holdings

2012 COIN

Qualified

Holdings

Hartford Life & Annuity $257,346,012 $52,785,715 $58,783,543

Hartford Life & Accident $283,035,382 - $30,021,861

Hartford Underwriters $325,458,717 $1,000,000 $1,000,000

Hartford Life $363,946,215 $119,928,569 $196,745,948

Hartford Casualty $370,316,892 $15,000,000 $15,000,000

Lincoln National $2,176,452,011 - $83,199,196

Lincoln Life & Annuity of New York $2,466,334 - $2,000,000

First Penn Pacific Life $25,677,117 - -

Lincoln National Life $2,148,308,560 - $81,199,196

New York Life $2,140,083,583 - $246,738,945

NYLife Of Arizona $14,109,893 - -

New York Life $1,011,919,767 - $130,373,202

New York Life Insurance & Annuity Corporation $1,114,053,923 - $116,365,742

Jackson National $2,071,309,847 $3,119,764 $3,119,764

Jackson National Life $2,071,309,847 $3,119,764 $3,119,764

Allianz Insurance $2,056,370,614 $950,000 $2,169,523

Chicago $635,315 $50,000 $50,000

Euler Hermes North America $26,087,516 - -

Jefferson $28,914,008 - -

Associated Indemnity Corporation $35,487,694 $225,000 $225,000

American Automobile $51,628,638 $225,000 $225,000

Allianz Global Risks US $59,845,489 - -

AGCS Marine $84,359,858 - -

National Surety Corporation $97,123,645 $225,000 $225,000

American $100,168,598 $225,000 $225,000

Firemans Fund $353,664,403 - $1,219,523

Allianz Life Of North America $1,218,455,450 - -

Auto Club Enterprises Insurance $2,038,238,741 $725,767 $13,343,425

Interins Exchange Of The Automobile Club $2,038,238,741 $725,767 $13,343,425

UnitedHealth $1,970,169,025 - -

Golden Rule $4,643,113 - -

Unimerica $34,051,257 - -

Pacificare Life & Health $67,730,547 - -

UnitedHealthcare $1,863,744,108 - -

Aetna $1,937,040,033 - $275,553

CHC Casualty Risk Retention $594,326 - -

Aetna of Connecticut $8,535,232 - -

First Health Life & Health $67,182,562 - -

Aetna Life $1,860,727,913 - $275,553

CSAA Insurance $1,915,688,533 $10,469,619 $23,212,077

Western United $35,745,858 - -

ACA $66,574,026 - -

CSAA Insurance Exchange $1,813,368,649 $10,469,619 $23,212,077

Mercury General $1,914,443,824 $2,086,833 $2,086,833

American Mercury $8,918,234 - -

California Automobile $86,058,813 $208,183 $208,183

Mercury Casualty $603,646,894 $629,550 $629,550

Mercury $1,215,819,883 $1,249,100 $1,249,100

Berkshire Hathaway $1,678,151,871 - $500,000

4







Holdings

2012 COIN

Qualified

Holdings

Berkshire Hathaway Assurance Corporation $169,331 - -

Idealife $315,572 - -

Seaworthy $1,248,811 - -

Redwood Fire & Casualty $1,738,705 - -

Eastguard $2,922,186 - -

Columbia $2,950,459 - -

Genesis $3,107,658 - -

General ReInsurance Corporation $3,334,228 - -

National Indemnity $4,985,853 - -

General Star National $7,907,046 - -

Central States Indemnity Of Omaha $8,177,199 - -

National Liability & Fire $8,408,000 - -

Amguard $21,578,875 - -

United States Liability $27,061,913 - -

Medical Protective $27,068,305 - -

Norguard $36,543,348 - -

Oak River $71,007,707 - -

California $100,179,766 - -

California Casualty Indemnity Exchange $141,725,794 - $500,000

Geico Casualty $154,072,112 - -

Cypress $154,899,787 - -

Government Employees $204,320,138 - -

Geico Indemnity $206,143,169 - -

Geico General $488,285,909 - -

ING American Insurance Holding $1,647,478,197 $130,000,000 $346,691,374

Midwestern United Life $246,991 - -

Reliastar Life Of NY $6,970,821 $4,300,000 $24,290,748

Security Life Of Denver $140,091,477 - -

ING USA Annuity & Life $216,288,633 $50,501,000 $126,551,500

Reliastar Life $401,805,126 $44,397,000 $87,216,207

Ing Life Insurance & Annuity $882,075,149 $30,802,000 $108,632,919

Zurich Insurance $1,472,152,846 - -

Colonial America Casualty & Surety $463,540 - -

Universal Underwriters Life $1,289,898 - -

Centre Life $4,232,114 - -

Zurich America Life $12,766,303 - -

Assurance Of America $13,905,498 - -

Zurich America Of Illinois $14,221,950 - -

Northern Of New York $17,114,122 - -

Maryland Casualty $20,447,477 - -

Universal Underwriters $40,913,335 - -

Empire Fire & Marine $62,060,955 - -

Fidelity & Deposit Of Maryland $89,279,640 - -

American Guarantee & Liability Insurance $122,774,464 - -

American Zurich $159,091,580 - -

Farmers New World Life $282,479,246 - -

Zurich America $631,112,724 - -

United Serice Automibile Association $1,429,155,989 - $19,210,429

Garrison Property & Casualty $61,700,703 - -

5







Holdings

2012 COIN

Qualified

Holdings

USAA General Indemnity $73,000,717 - -

USAA Life $233,161,015 - -

USAA Casualty $507,648,224 - $19,210,429

United Service Automobile Association $553,645,330 - -

Blue Shield of CA $1,417,133,300 $1,000,000 $1,000,000

Careamerica Life $2,081,618 - -

Blue Shield of CA Life & Health $1,415,051,682 $1,000,000 $1,000,000

Cigna Health $1,303,990,542 $26,581,267 $28,998,347

Loyal America Life $1,067,469 - $2,417,080

Cigna Health & Life $37,553,520 $4,790,765 $4,790,765

Life Of North America $351,658,468 $12,581,927 $12,581,927

Connecticut General Life $913,711,085 $9,208,575 $9,208,575

Mass Mutual Life Insurance $1,130,908,076 $129,300,000 $288,643,166

MML Bay State Life $6,461,106 - -

CM Life $55,121,968 $100,000 $602,854

Massachusetts Mutual Life $1,069,325,002 $129,200,000 $288,040,312

Health Net Inc $1,123,854,495 - -

Health Net Life $1,123,854,495 - -

Pacific Life $1,034,645,567 $81,149,790 $98,227,977

Pacific Life & Annuity $38,667,476 - -

Pacific Life $995,978,091 $81,149,790 $98,227,977

Chubb Inc $1,031,291,240 - -

Chubb National $4,698,173 - -

Chubb Indemnity $12,290,794 - -

Great Northern $23,505,668 - -

Executive Risk Indemnity Inc $27,391,947 - -

Pacific Indemnity $29,407,203 - -

Vigilant $36,460,627 - -

Federal $897,536,828 - -

State Compensation Insurance Fund $1,017,429,186 - $77,048,029

State Compensation Insurance Fund $1,017,429,186 - $77,048,029

Sammons Enterprises $998,277,528 - $692,961,000

Guggenheim Life & Annuity $264,798 - -

Equitrust Life $67,834,566 - -

Security Benefit Life $123,698,462 - -

North America Life & Health Insurance $391,883,150 - $170,455,000

Midland National Life $414,596,552 - $522,506,000

Ameriprise Financial $960,939,715 $15,000 $35,347,203

IDS Property Casualty $224,133,502 $15,000 $9,449,363

RiverSource Life $736,806,213 - $25,897,840

AXA Insurance $933,409,124 - $59,875,015

AXA Equitable Life & Annuity $1,847,357 - -

AXA $2,937,121 - -

US Financial Life $16,674,887 - -

Mony Life Of America $67,961,449 - $10,390,613

AXA Equitable Life $843,988,310 - $49,484,402

Northwestern Mutual $867,390,973 $464,668,757 $642,020,562

Northwestern Long Term Care $16,946,134 $8,731,655 $10,396,125

Northwestern Mutual Life $850,444,839 $455,937,101 $631,624,437

6







Holdings

2012 COIN

Qualified

Holdings

Athene $739,303,961 $23,929,955 $30,943,786

Athene Annuity & Life of New York $1,792,610 - -

Athene Annuity & Life Assurance $22,938,414 - -

Aviva Life & Annuity $714,572,937 $23,929,955 $30,943,786

American Financial $708,582,573 $3,479,483 $11,448,224

Continental General $688,034 - -

Manhattan National Life $3,986,613 - -

United Teacher Association $5,282,209 - -

Great America Alliance $11,822,628 - -

Vanliner $15,247,202 - -

Great America of New York $39,669,926 $898,189 $898,189

Republic Indemnity Of America $53,645,070 - -

National Interstate $54,451,291 - -

Annuity Investors Life $60,401,760 - -

Great America Assurance $62,724,029 - -

Republic Indemnity of California $73,970,432 - -

Great America $102,173,425 $2,581,294 $10,550,035

Great America Life $224,519,954 - -

Ace Ltd $699,663,183 - -

Insurance Company of North America $1,425,947 - -

Pacific Employers $13,042,555 - -

Ace Fire Underwriters $13,343,880 - -

Indemnity Of North America $19,276,187 - -

Agri General $26,049,503 - -

Westchester Fire $38,165,547 - -

Combined Of America $38,675,398 - -

Bankers Standard $49,332,580 - -

Ace Property & Casualty $76,097,814 - -

Ace America $424,253,772 - -

TIAA Family $689,391,760 $156,968,386 $216,939,776

TIAA Cref Life $21,073,283 - -

Teachers Insurance & Annuity Association Of America $668,318,477 $156,968,386 $216,939,776

Guradian Life $649,792,470 $15,926,737 $150,350,732

Park Avenue Life $530,122 - -

Berkshire Life of America $20,610,415 - $6,383,833

Guardian Insurance & Annuity Inc $101,440,257 - -

Guardian Life Of America $527,211,676 $15,926,737 $143,966,899

Great West $647,988,866 - $144,255,754

US Br Great West Life Assurance $3,518,062 - -

US Business of Canada Life Assurance $4,767,820 - $9,361,444

Great West Life & Annuity $639,702,984 - $134,894,310

CNA Insurance $629,963,069 - -

Surety Bonding Of America $620,353 - -

Continental Assurance $1,509,600 - -

Transportation $12,311,674 - -

Western Surety $29,376,081 - -

Continental $35,844,680 - -

National Fire Of Hartford $68,146,681 - -

American Casualty Of Reading, Pennsylvania $72,166,094 - -

7







Holdings

2012 COIN

Qualified

Holdings

Valley Forge $85,803,430 - -

Continental Casualty $324,184,476 - -

Unumprovident Corporation $626,987,928 - $32,877,760

Paul Revere Variable Annuity $244,137 - -

Paul Revere Life $32,746,749 - -

Provident Life & Accident $96,318,595 - $16,040,000

Colonial Life & Accident $126,559,025 - $4,320,000

Unum Life Of America $371,119,422 - $12,517,760

Genworth Financial $566,016,807 - $214,519,982

Genworth Residential Mortgage $1,440,055 - $1,669,967

Genworth Mortgage Insurance Corportation $26,867,935 - $16,829,766

Genworth Life & Annuity $214,603,998 - $62,288,532

Genworth Life $323,104,819 - $133,731,717

Protective Life Insurance $554,172,358 - -

Protective Life & Annuity $154,612 - -

Lyndon Property $4,363,244 - -

Mony Life $19,599,142 - -

West Coast Life $157,222,714 - -

Protective Life $372,832,646 - -

Infinity Property & Casualty Insurance $536,565,272 - -

Infinity Auto $4,971,441 - -

Hillstar $28,591,465 - -

Infinity Select $33,225,549 - -

Infinity $469,776,817 - -

Fidelity National Financial $529,743,931 $300,000 $300,000

Commonwealth Land Title $88,852,559 $100,000 $100,000

Fidelity National Title $171,236,016 $100,000 $100,000

Chicago Title $269,655,356 $100,000 $100,000

Assurant Inc $521,544,571 - $51,622,094

John Alden Life $3,308,087 - -

Standard Guarantee $4,337,912 - -

American Bankers Life Assurance Of Florida $6,697,853 - -

Time $34,904,293 - $3,906,664

American Reliable $35,068,892 - -

American Bankers Of Florida $51,985,150 - $3,420,389

American Memorial Life $72,671,313 - -

Union Security $108,303,568 - $44,295,041

American Security $204,267,503 - -

Tokio Marine Holdings Inc $520,338,381 - $36,627,403

TNUS $3,213,094 - -

Trans Pacific $8,120,055 - -

Safety National Casualty Corporation $57,660,551 - $19,326,470

Reliance Standard Life $162,326,027 - $1,954,105

Philadelphia Ind $289,018,654 - $15,346,828

Fairfax Financial $518,895,657 $100,000 $174,924

Commonwealth Of America $306,758 - -

General Fidelity $1,067,431 - -

Valiant $1,187,050 - -

TIG $1,471,747 - -

8







Holdings

2012 COIN

Qualified

Holdings

Seneca Inc $4,861,704 - -

American Safety Casualty $8,291,485 - $74,924

North River $19,290,993 - -

Hudson $47,376,517 - -

Znat $54,524,685 - -

United States Fire $135,655,518 - -

Zenith $244,861,769 $100,000 $100,000

Principal Financial $518,302,977 $15,000,000 $87,793,998

Principal National Life $47,073,961 - -

Principal Life $471,229,016 $15,000,000 $87,793,998

Stancorp Financial $509,278,647 - $188,096,000

Standard $509,278,647 - $188,096,000

BankAmerica Corporation $502,030,513 - -

Balboa $29,030,357 - -

Meritplan $169,652,745 - -

Newport $303,347,411 - -

Progressive $482,491,726 - -

National Continental $7,032,283 - -

Progressive Express $13,951,919 - -

Progressive Casualty $36,026,940 - -

Progressive Direct $37,423,165 - -

United Financial Casualty $126,148,813 - -

Progressive West $261,908,606 - -

American Equity Investment $466,639,300 - -

American Equity Invest Life $466,639,300 - -

Old Republic $457,295,073 - -

Pennsylvania Manufacturers Indemnity $2,614,420 - -

Old Republic Surety $3,557,703 - -

Old Republic Life $3,660,874 - -

Manufacturers Alliance $12,922,480 - -

Republic Mortgage $30,166,787 - -

Great West Casualty $31,170,356 - -

Pennsylvania Manufacturers Association Insurance $31,449,155 - -

Old Republic General $94,100,918 - -

Old Republic $117,708,372 - -

Old Republic National Title $129,944,008 - -

White Mountains $452,095,626 - $40,449,298

OneBeacon $10,813,449 - -

Employers Fire $50,677,794 - -

OneBeacon America $61,925,335 - -

Symetra Life $328,679,048 - $40,449,298

National Life $430,051,882 - -

National Life $35,019,361 - -

Life Of The Southwest $395,032,521 - -

Delaware Life Holding $419,207,413 - -

Sun Life Assurance Of Canada US $419,207,413 - -

FM Global $407,734,579 - -

Affiliated FM $111,815,159 - -

Factory Mutual $295,919,420 - -

9







Holdings

2012 COIN

Qualified

Holdings

QBE Insurance $407,397,607 - -

National Farmers Union Property & Casualty $1,108,946 - -

General Casualty Of Wisconsin $1,225,077 - -

Regent $1,487,400 - -

Stonington $3,170,843 - -

Unigard Indemnity $9,368,966 - -

NAU Country $71,304,656 - -

Unigard $96,470,055 - -

QBE Insurance $109,931,523 - -

Praetorian $113,330,141 - -

First America Title $377,909,622 - -

First America Property & Casualty $14,667,208 - -

First America Specilaty $61,813,506 - -

First America Title $301,428,908 - -

Thrivent Financial For Lutherans $360,311,863 - -

Thrivent Life $27,453,409 - -

Thrivent Financial For Lutherans $332,858,454 - -

Minnesota Mutual $357,089,651 - $3,520,474

American Modern Life $688,832 - $3,520,474

Securian Casualty $2,025,720 - -

Balboa Life $2,292,987 - -

Securian Life $2,695,069 - -

Minnesota Life $349,387,043 - -

OneAmerica Financial Partners $350,529,729 - $35,057,743

Pioneer Mutual Life $6,645,791 - -

State Life $70,803,224 - $4,242,097

American United Life $273,080,714 - $30,815,646

AFLAC $346,654,862 - $3,133,344

Continental America $6,030,996 - -

American Family Life Assurance of Colorado $340,623,866 - $3,133,344

Kemper Corporate $344,493,010 - $5,763,308

Unitrin Direct Property & Casualty $118,412 - $220,606

Merastar $446,764 - -

Unitrin Auto & Home $749,238 - $355,158

United Casualty Of America $1,565,229 - $338,302

Unitrin Direct $18,901,801 - $550,287

United Of America $20,723,186 - $3,411,442

Kemper Independence $109,177,549 - $436,334

Financial Indemnity $192,810,831 - $451,179

AmTrust NGH $334,193,674 - -

Technology Inc $2,797,313 - -

Integon National $3,919,149 - -

MIC General $10,378,950 - -

Personal Express $14,400,789 - -

Integon Preferred $25,563,457 - -

Wesco $43,314,671 - -

Security National $48,514,466 - -

National General $71,801,823 - -

Sequoia $113,503,056 - -

10







Holdings

2012 COIN

Qualified

Holdings

American Assets $330,862,568 - -

Explorer $100,687,390 - -

Insurance Company Of The West $230,175,178 - -

Mutual of Omaha $317,680,496 - $87,198,944

Mutual Of Omaha $26,694,064 - $12,270,861

United World Life $40,527,218 - -

United Of Omaha Life $250,459,214 - $74,928,082

Tower $306,493,163 - $6,804,000

Preserver $49,272,438 - -

Tower Of New York $116,374,385 - $5,184,000

Castlepoint National $140,846,340 - $1,620,000

Primerica $299,746,637 - -

National Benefit Life $2,315,588 - -

Primerica Life $297,431,049 - -

Wawanesa General $283,875,579 - $426,503

Wawanesa General $283,875,579 - $426,503

American National Financial $282,985,126 - $68,337,707

American National Life Of Texas $1,724,561 - -

Garden State Life $2,458,431 - -

Standard Life & Accident $6,406,768 - -

American National Property & Casualty $6,744,684 - -

Pacific Property & Casualty $30,105,991 - -

American National $235,544,691 - $68,337,707

Capital Insurance $282,251,599 - -

Eagle West $7,515,821 - -

Monterey $30,781,345 - -

California Capital $243,954,433 - -

Everest ReInsurance Holdings $271,080,198 - $577,551

Everest Re $2,190,614 - -

Everest National $268,889,584 - $577,551

Meadowbrook Insurance $265,995,263 - -

Procentury $9,767,932 - -

Williamsburg National $38,112,706 - -

Star $218,114,625 - -

Sun Life Assurance Of CN $258,259,586 $87,986,931 $97,986,931

Professional $3,355,370 - -

Sun Life & Health $19,139,302 - -

US Br Sun Life Assurance of Canada $235,764,914 $87,986,931 $97,986,931

Fidelity Investments Insurance & Annuity $257,950,968 $100,000 $100,000

Fidelity Investments Life $257,950,968 $100,000 $100,000

Humana $253,939,807 - -

Kanawha $11,645,930 - -

Humanadental $33,109,203 - -

Humana $209,184,674 - -

CNO Financial $252,833,682 - $39,366,010

Colonial Penn Life $21,780,065 - $3,002,840

Washington National $26,094,731 - $12,008,520

Conseco Life $46,980,241 - $19,500,000

Bankers Life & Casualty $157,978,645 - $4,854,650

11







Holdings

2012 COIN

Qualified

Holdings

CVS Caremark $233,230,171 - -

Pennsylvania Life $29,612,120 - -

Accendo $203,618,051 - -

Ameritas Mutual Holding $221,855,345 - -

Acacia Life $11,059,526 - -

Union Central Life $84,190,428 - -

Ameritas Life $126,605,391 - -

Doctors $220,484,968 - $10,508,946

American Healthcare Indemnity $2,191,560 - -

TDC Specialty $6,731,607 - -

Scpie Indemnity $8,430,043 - -

Doctors Annuity Interins Exchange $203,131,758 - $10,508,946

WR Berkley Corporate $218,137,887 - $6,697,787

Midwest Employers Casualty $2,810,871 - $1,200,000

Berkley Regional $6,449,302 - -

Berkley Life & Health $9,285,346 - -

Riverport $17,416,242 - -

Berkley $19,172,697 - $5,277,461

Starnet $19,270,238 - -

Great Divide $21,934,692 - -

Carolina Casualty $53,485,680 - -

Preferred Employers $68,312,819 - $220,326

XL America $216,470,787 - -

XL Insurance America Inc $42,084,584 - -

Greenwich $54,928,417 - -

XL Specialty $119,457,786 - -

Sentry Insurance $212,699,462 - $9,365,269

Sentry Casualty $1,194,641 - -

Middlesex $4,422,015 - -

Sentry Select $23,797,671 - $1,515,269

Sentry Life $32,645,252 - $7,850,000

Sentry Insurance A Mutual $40,364,052 - -

Viking Of Wisconsin $110,275,831 - -

Employers Holdings $205,984,572 - -

Employers Compensation $205,984,572 - -

Arch Insurance $201,645,711 - -

Arch $201,645,711 - -

Harbinger $200,065,523 - -

Fidelity & Guarantee Life $200,065,523 - -

Access $195,145,157 - -

Access $195,145,157 - -

HCC Insurance Holding $183,916,040 - -

Perico Life $817,220 - -

Avemco $4,093,093 - -

HCC Life $50,251,644 - -

US Specialty $61,206,878 - -

American Contractors Indemnity $67,547,205 - -

Cuna Mutual $183,906,935 $750,000 $11,375,850

Members Life $205,773 - -

12







Holdings

2012 COIN

Qualified

Holdings

Producers Agriculture $452,725 - -

CMG Mortgage $5,644,370 - -

Cumis Insurance Society Inc $71,747,965 - $5,164,650

CMFG Life $105,856,102 $750,000 $6,211,200

Munich Re $183,841,375 - -

Sterling Life $1,873,783 - -

Hartford Steam Boil Inspection & $5,213,045 - -

American Family Home $16,819,926 - -

American Modern Home $78,652,166 - -

American Alternative $81,282,455 - -

Automobile Club Michigan $183,385,823 - -

Auto Club Life $3,202,957 - -

AAA Life $180,182,866 - -

Liberty National $166,181,035 - -

Family Heritage Life Of America $2,694,167 - -

Liberty National Life $9,507,522 - -

Globe Life & Accident $39,193,074 - -

United America $40,910,122 - -

American Income Life $73,876,150 - -

BCBS of SC $165,476,540 - -

Companion Property & Casualty $165,476,540 - -

Ohio National Life $164,904,708 - $12,505,205

Ohio National Life Assurance Corporation $39,348,166 - $5,822,250

Ohio National Life $125,556,542 - $6,682,955

National Western Life $164,324,114 - -

National Western Life $164,324,114 - -

Kaiser Foundation $163,643,535 - -

Kaiser Permanente $163,643,535 - -

American Fidelity Corporation $158,767,314 - $9,021,545

American Fidelity Assurance $158,767,314 - $9,021,545

The Hanover Insurance $155,286,161 $122,369 $140,876

Verlan Fire Maryland $1,842,825 - -

Professionals Direct $1,902,258 - -

Citizens Of America $5,904,748 $73,421 $73,421

Allmerica Financial Benefit $21,892,844 - -

Massachusetts Bay $23,594,421 - -

Hanover $38,767,614 $48,947 $67,455

Nova Casualty $61,381,451 - -

Enstar $149,577,891 - -

Clarendon National $311,087 - -

Pavonia Life of Michigan $9,434,967 - -

SeaBright $139,831,837 - -

MAPFRE Insurance $146,989,112 - $329,676

American Commerce $121,518 - $25,566

Mapfre $165,225 - -

Commerce W $146,702,369 - $304,110

Norcal $143,136,577 - -

Medicus $379,257 - -

Norcal Mutual $142,757,320 - -

13







Holdings

2012 COIN

Qualified

Holdings

Stewart Title $140,927,071 $100,000 $100,000

Stewart Title Guarantee $140,927,071 $100,000 $100,000

Mutual Of America Life $128,506,207 - -

Mutual Of America Life $128,506,207 - -

Western Service Contract $125,229,562 - $2,243,947

Pacific Specialty $125,229,562 - $2,243,947

Delek $124,304,104 - -

Republic Underwriters $15,472,357 - -

Southern $108,831,747 - -

West Southern $123,211,545 $26,213,501 $26,969,808

Western & Southern Life $10,883,724 $4,497,301 $4,497,301

Columbus Life $17,339,899 $2,248,650 $2,431,156

Western Southern Life Assurance $19,892,865 $9,019,409 $9,593,210

Integrity Life $21,281,806 $9,323,816 $9,323,816

Lafayette Life $53,813,251 $1,124,325 $1,124,325

AXIS Capital $123,103,426 - $5,505,000

AXIS Re $45,069,707 - $5,505,000

Axis $78,033,719 - -

Penn Mutual $116,609,448 - -

Penn Insurance & Annuity $39,931,717 - -

Penn Mutual Life $76,677,731 - -

Phoenix COS $114,638,849 - -

Phoenix Life $26,488,398 - -

PHL Variable $88,150,451 - -

Century National $111,854,161 - -

Century National $111,854,161 - -

National Title Insurance Of New York Inc $109,053,819 - -

National Title Insurance Of New York Inc $109,053,819 - -

Highmark $107,427,146 - -

HM Life $46,088,241 - -

United Concordia $61,338,905 - -

GeoVera Holdings Inc $106,231,475 - -

Geovera Specialty $358,338 - -

Pacific Select Property $16,179,274 - -

Geovera $89,693,863 - -

Civil Service Employee $103,416,459 $600,000 $600,000

Civil Service Employees $43,894,357 $300,000 $300,000

CSE Safeguard $59,522,102 $300,000 $300,000

Alliance United $103,403,941 - -

Alliance United $103,403,941 - -

Markel Corporation $102,465,665 - -

Alterra America $3,840,909 - -

Markel America $16,235,298 - -

Essentia $18,038,594 - -

Markel $64,350,864 - -

State National $98,833,741 - -

National Specialty $2,569,275 - -

State National Inc $96,264,466 - -

Forethought Financial Services $98,363,256 $3,740,570 $7,568,235

14







Holdings

2012 COIN

Qualified

Holdings

Forethought Life $98,363,256 $3,740,570 $7,568,235

AMICA Mutual $97,585,241 - -

Amica Life $4,387,019 - -

Amica Mutual $93,198,222 - -

Horace Mann $95,677,892 - $9,251,620

Horace Mann Property & Casualty $12,185,859 - -

Horace Mann Life $41,034,387 - $9,251,620

Horace Mann $42,457,646 - -

Loya $94,709,979 - $1,480,056

Loya Casualty $94,709,979 - $1,480,056

HealthMarkets $87,329,811 - -

Chesapeake Life $5,748,707 - -

Mid West National Life Of Tennessee $35,627,762 - -

The Mega Life & Health $45,953,342 - -

Premier Access $83,800,837 - -

Premier Access $83,800,837 - -

IAT Re $83,494,640 - -

Commercial Alliance $1,793,561 - -

Acceptance Indemnity $5,042,155 - -

Harco National $11,924,139 - -

Wilshire $13,863,592 - -

Transguard Of America Inc $16,836,839 - -

Occidental Fire & Casualty Of North Carolina $34,034,354 - -

Navigators $81,734,878 - $1,054,130

Navigators $81,734,878 - $1,054,130

Anchor Insurance Holdings $78,401,676 - -

Anchor General $78,401,676 - -

United Fire & Casualty $78,263,843 - -

Financial Pacific $78,263,843 - -

Swiss RE $77,677,328 $100,000 $100,000

Aurora National Life Assurance $5,545,926 $100,000 $100,000

Washington International $6,061,000 - -

North America Elite $9,046,208 - -

North America Specialty $12,715,606 - -

Westport $44,308,588 - -

MGIC $77,476,153 - -

Mortgage Guarantee $77,476,153 - -

Starr $76,369,482 - -

Starr Indemniyt & Liability $76,369,482 - -

Radian $75,926,195 - -

Radian Asset Assurance Inc $1,276,506 - -

Radian Guarantee Inc $74,649,689 - -

WBL $75,066,678 - -

Stillwater $33,795,748 - -

Stillwater Property & Casualty $41,270,930 - -

Banner Life $74,233,598 - -

Banner Life $74,233,598 - -

Alleghany $71,816,903 - -

Pacific Compensation $3,363,128 - -

15







Holdings

2012 COIN

Qualified

Holdings

Platte River $7,872,147 - -

RSUI Indemnity $60,581,628 - -

American Family Insurance $67,010,258 - -

American Family Life $1,413,235 - -

Homesite Of California $22,208,958 - -

Permanent General Assurance Corporation $43,388,065 - -

MS & AD Insurance $66,754,752 - -

Mitsui Sumitomo Insurance USA Inc $20,379,343 - -

Mitsui Sumitomo of America $46,375,409 - -

Federated Mutual $66,442,644 - -

Federated Life $9,298,761 - -

Federated Service $12,307,491 - -

Federated Mutual $44,836,392 - -

Lincoln Heritage Life $64,911,229 - -

Lincoln Heritage Life $64,911,229 - -

BCBS Of MI $64,171,024 - -

United WI $234,483 - -

Accident Fund of America $372,662 - -

LifeSecure $926,171 - -

Compwest $62,637,708 - -

Topa Equities Limited $61,819,323 - $5,670,000

Topa $61,819,323 - $5,670,000

Sparta $61,263,371 - -

SPARTA America $1,089,874 - -

Sparta $60,173,497 - -

Houston International Insurance $58,399,086 - -

Imperium $58,399,086 - -

Wells Fargo $57,888,691 - -

Heritage Indemnity $9,387,369 - -

Rural Community $48,501,322 - -

Argonaut $55,809,918 - -

Argonaut Great Central $13,030,850 - -

Argonaut Midwest $13,395,935 - -

Argonaut $29,383,133 - -

MBIA $55,216,144 - -

MBIA $55,216,144 - -

Assured Guarantee $52,363,110 - -

Assured Guarantee Corporation $3,098,398 - -

Assured Guarantee Municipal Corporation $49,264,712 - -

Financial Holdings $48,235,191 - -

United Fidelity Life $711,986 - -

National Farmers Union Life $921,199 - -

Investors Life North America $1,992,508 - -

Ohio State Life $3,281,490 - -

Great Southern Life $6,152,401 - -

Americo Financial Life & Annuity $35,175,607 - -

Church Mutual $47,668,819 - -

Church Mutual $47,668,819 - -

Dentists $47,580,338 - -

16







Holdings

2012 COIN

Qualified

Holdings

Dentists $47,580,338 - -

Allied World Assurance Holding $46,773,550 - -

Darwin National Assurance $17,472,522 - -

Allied World Assurance US Inc $29,301,028 - -

Western Mutual Insurance $46,689,223 - -

Western Mutual $3,344,023 - -

Residence Mutual $43,345,200 - -

Knights Of Columbus $46,184,237 $6,156,221 $6,156,221

Knights Of Columbus $46,184,237 $6,156,221 $6,156,221

Guideone Insurance $44,640,214 - -

Guideone Specialty Mutual $16,330,386 - -

Guideone Mutual $28,309,828 - -

NKSJ Holdings Inc $43,627,946 - -

Sompo Japan Fire & Marine America $1,344,294 - -

Nipponkoa Ltd US Brazil $12,125,628 - -

Sompo Japan of America $30,158,024 - -

Ambac Assurance Corporation $43,341,328 - -

Ambac Assurance Corporation $43,341,328 - -

Nestle SA $43,117,790 - -

Gerber Life $43,117,790 - -

Lawyers Mutual $42,287,559 - -

Lawyers Mutual $42,287,559 - -

Fidelity Security $42,282,650 - -

Fidelity Security Life $42,282,650 - -

Nippon Life Of America $41,082,578 - -

Nippon Life Of America $41,082,578 - -

RLI Insurance $40,359,840 - -

Contractors Bonding & $6,475,694 - -

RLI $33,884,146 - -

Universal $40,201,841 - -

Universal North America $40,201,841 - -

Western General $38,930,689 - -

Western General $38,930,689 - -

Independent Order Of Foresters US Brazil $38,720,856 - -

Independent Order Of Foresters US Brazil $38,720,856 - -

Amex Assurance $37,910,371 - $9,036,412

Amex Assurance $37,910,371 - $9,036,412

PMI $36,784,769 - -

PMI Mortgage $36,784,769 - -

Toyota Motor $36,301,698 - -

Toyota Motor $36,301,698 - -

Trustmark $36,035,959 - -

Trustmark Life $3,765,240 - -

Trustmark $32,270,719 - -

Oregon Mutual $35,769,960 - -

Oregon Mutual $35,769,960 - -

Westcor Land Title $35,643,782 - -

Westcor Land Title $35,643,782 - -

North America Title $34,017,561 - -

17







Holdings

2012 COIN

Qualified

Holdings

North America Title $34,017,561 - -

Medical Insurance Exchange Of California $33,927,264 - -

Medical Insurance Exchange Of California $33,927,264 - -

HCSC $33,031,085 - -

HCSC Insurance Service $775,626 - -

Colorado Bankers Life $15,290,500 - -

Dearborn National Life $16,964,959 - -

Crusader $32,072,263 - -

Crusader $32,072,263 - -

Jefferson National Life $31,260,400 - -

Jefferson National Life $31,260,400 - -

ProSight $30,166,243 - -

New York Marine & General $30,166,243 - -

Title Resources Guarantee $29,432,962 - -

Title Resources Guarantee $29,432,962 - -

California Healthcare Inc Risk Retention $29,203,145 - -

California Healthcare Inc Risk Retention $29,203,145 - -

AIA Holdings Inc $28,594,159 - $3,020,700

Allegheny Casualty $5,247,313 - -

International Fidelity $23,346,846 - $3,020,700

Grange Insurance $28,396,958 - -

Grange Insurance Association $28,396,958 - -

Care W $28,343,074 - -

Care W $28,343,074 - -

Physicians Mutual $28,124,725 - -

Physicians Mutual $13,146,557 - -

Physicians Life $14,978,168 - -

Golden Bear $27,365,314 - $20,000

Golden Bear $27,365,314 - $20,000

Dentegra $27,103,111 - -

Dentegra $27,103,111 - -

Sterling Casualty $26,582,762 - -

Sterling Casualty $26,582,762 - -

Public Service $26,024,389 - -

Public Service $26,024,389 - -

Pan America Life $25,795,246 - -

Pan America Assurance $2,765,127 - -

Pan America Life $23,030,119 - -

Great Western $25,322,547 - -

Great Western $25,322,547 - -

BCS Insurance $25,159,949 - -

4 Ever Life $1,369,307 - -

BCS $23,790,642 - -

Catlin US Insurance $25,129,995 - -

Catlin $25,129,995 - -

National Guardian Life Insurance $24,901,968 - $3,121,402

National Guardian Life $24,901,968 - $3,121,402

Workmens Automobile $23,816,680 - -

Workmens Automobile $23,816,680 - -

18







Holdings

2012 COIN

Qualified

Holdings

Modern Woodmen Of America $23,765,944 - -

Modern Woodmen Of America $23,765,944 - -

Homesteaders Life $23,661,594 - -

Homesteaders Life $23,661,594 - -

National Teachers Association Life $23,635,140 - -

National Teachers Association Life $23,635,140 - -

Benchmark $23,268,177 - -

Benchmark $23,268,177 - -

Attorneys Liab Assur Society $23,008,115 - -

Attorneys Liability Assurance Society Inc Risk Retention $23,008,115 - -

Safeway Insurance $22,909,033 $116,472 $116,472

Safeway Direct $1,125,665 - -

Safeway $21,783,368 $116,472 $116,472

Kansas City Life Insurance $22,803,064 - -

Old America $3,753,140 - -

Sunset Life Of America $5,767,458 - -

Kansas City Life $13,282,466 - -

MTL $22,348,322 - -

MTL $22,348,322 - -

GGC Opportunity Fund $22,191,040 - -

WFG Title $22,191,040 - -

Alaska National $21,028,132 - $285,111

Alaska National $21,028,132 - $285,111

Advantage Workers Compensation $21,000,937 - -

Advantage Workers Compensation $21,000,937 - -

Springfield Inc $20,625,723 $100,000 $100,000

Springfield Inc $20,625,723 $100,000 $100,000

The Warranty $20,278,046 - -

Virginia Surety Inc $20,278,046 - -

The Mutual Risk Retention Inc $20,242,696 - -

The Mutual Risk Retention Inc $20,242,696 - -

Florist Mutual $20,196,148 - -

Florists Mutual $20,196,148 - -

Assurity Life $20,077,542 - $3,742,197

Assurity Life $20,077,542 - $3,742,197

Beazley Inc $18,831,632 - -

Beazley Inc $18,831,632 - -

Lancer Financial $18,516,010 - -

Lancer $18,516,010 - -

ELCO Mutual Life & Annuity $17,908,844 - -

ELCO Mutual Life & Annuity $17,908,844 - -

Financial Guarantee $17,872,216 - -

Financial Guarantee $17,872,216 - -

Electric Insurance $17,794,616 - -

Electric $17,794,616 - -

Camico Mutual $17,766,749 $214,400 $214,400

Camico Mutual $17,766,749 $214,400 $214,400

Union Labor $17,621,745 - -

Union Labor Life $17,621,745 - -

19







Holdings

2012 COIN

Qualified

Holdings

Endurance $17,296,404 - -

Endurance ReInsurance Corportation of America $959,418 - -

American Agri Business $7,378,958 - -

Endurance Risk Solutions Assurance $8,958,028 - -

Health Providers Insurance Recip Risk Retention $17,014,402 - -

Health Providers Insurance Recip Risk Retention $17,014,402 - -

Goldman Sachs $16,886,264 - $28,941,769

First Allmerica Financial Life $1,034,604 - $12,454,450

Commonwealth Annuity & Life $15,851,660 - $16,487,319

Arag $16,633,878 - -

Arag $16,633,878 - -

Security America Financial Enterprises $16,534,760 - -

Security Life Of America $16,534,760 - -

EMC $16,183,341 - -

Employers Mutual Casualty $16,183,341 - -

Affirmative Insurance $16,036,245 - -

Affirmative $16,036,245 - -

Baldwin & Lyons $15,876,166 - -

Sagamore $2,052,081 - -

Protective $13,824,085 - -

Jewelers Mutual $15,757,845 - -

Jewelers Mutual $15,757,845 - -

Fidelity Life Association A Legal Reserve Life $15,720,426 - -

Fidelity Life Association A Legal Reserve Life $15,720,426 - -

Surety Life $15,524,165 - -

Surety Life $15,524,165 - -

JK $15,463,487 - -

Suretec $15,463,487 - -

Sutter $15,376,279 $100,000 $100,000

Sutter $15,376,279 $100,000 $100,000

Leading Insurance Ltd $15,121,902 - -

Leading Insurance Ltd $15,121,902 - -

Heritage Guarantee $14,641,468 - -

Liberty Bankers Life $14,641,468 - -

Senior Health of Pennsylvania $14,538,365 - $1,998,352

Senior Health of Pennsylvania $14,538,365 - $1,998,352

United Educators Insurance Risk Retention Inc $14,460,288 - -

United Educators Insurance Risk Retention Inc $14,460,288 - -

AEGIS $14,022,652 - -

American Sentinel $193,627 - -

Aegis Security $13,829,025 - -

Insco Insurance Services $13,848,391 - -

Indemnity Of California $3,625,529 - -

Developers Surety & Indemnity $10,222,862 - -

Kingsway $13,485,092 - -

Mendota $13,485,092 - -

Nations $13,253,977 - -

Nations $13,253,977 - -

Greek Catholic Union Of The USA $13,251,972 - -

20







Holdings

2012 COIN

Qualified

Holdings

Greek Catholic Union Of The USA $13,251,972 - -

Cornerstone National $13,176,906 - -

Cornerstone National $13,176,906 - -

ProAssurance Corp $12,881,078 - -

PACO Assurance Inc $2,851,670 - -

Medmarc Casualty $4,317,788 - -

Podiatry Of America $5,711,620 - -

ICI Mutual Risk Retention $12,829,955 - -

ICI Mutual Risk Retention $12,829,955 - -

Brotherhood Mutual $12,689,866 - -

Brotherhood Mutual $12,689,866 - -

Pacific Guardian Life Ltd $12,508,252 - -

Pacific Guardian Life Ltd $12,508,252 - -

Harris Insurance Holdings $12,430,842 - -

Central United Life $1,552,999 - -

Manhattan Life $1,865,045 - -

Family Life $9,012,798 - -

Express Scripts Holding $12,161,774 - -

Medco Containment Life $12,161,774 - -

Lumbermens Underwriting Alliance $11,430,465 - -

Lumbermens Underwriting Alliance $11,430,465 - -

Ironshore $11,427,591 - -

Ironshore Indemnity Inc $11,427,591 - -

Beneficial Life $11,358,113 - -

Beneficial Life $11,358,113 - -

Sentinel Security Life $11,287,103 - $98,602

Sentinel Security Life $11,287,103 - $98,602

Wilton Re $11,264,684 - $6,107,126

Heritage Union Life $467,034 - -

Wilton Reassur Life of New York $794,961 - $1,127,158

Texas Life $10,002,689 - $4,979,969

Industrial Alliance $11,091,561 - -

Pioneer America $131,497 - -

Pioneer Security Life $156,733 - -

Occidental Life Of North Carolina $2,689,941 - -

IA America Life $3,700,311 - -

American Amicable Life Of Texas $4,413,079 - -

NCMIC $10,993,765 - $2,131,760

Professional Solutions $3,390,739 - -

NCMIC $7,603,026 - $2,131,760

DHC $10,784,904 - -

National America of California $4,903,851 - -

Danielson National $5,881,053 - -

Ocean Harbor $10,151,612 $547,451 $739,438

Ocean Harbor Casualty $10,151,612 $547,451 $739,438

Citi $9,603,863 - -

American Health & Life $1,663,286 - -

Triton $3,112,034 - -

Sears Life $4,828,543 - -

21







Holdings

2012 COIN

Qualified

Holdings

Hiscox Inc $9,578,295 - -

Hiscox Inc $9,578,295 - -

Cincinnati Financial $9,540,222 - -

Cincinnati $2,427,658 - -

Cincinnati Life $7,112,564 - -

5 Star Life $9,380,271 - -

5 Star Life $9,380,271 - -

Merchants Bonding $9,175,483 - -

Merchants Bonding a Mutual $9,175,483 - -

J A Patterson $9,173,053 - -

Lexon $2,915,139 - -

Bond Safeguard $6,257,914 - -

Global Indemnity $8,983,338 - -

Penn America $2,780,105 - -

Diamond State $6,203,233 - -

Royal Neighbors Of America $8,955,230 - -

Royal Neighbors Of America $8,955,230 - -

Dealers Assurance $8,928,374 - -

Dealers Assurance $8,928,374 - -

Guarantee Trust $8,916,568 - -

Guarantee Trust Life $8,916,568 - -

Fairway Physicians Risk Retention $8,507,849 - -

Fairway Physicians Risk Retention $8,507,849 - -

GPM Life $8,500,343 - $5,952,000

North Coast Life $2,613,198 - -

Government Personnel Mutual Life $5,887,145 - $5,952,000

United Heritage Mutual $8,347,861 - -

United Heritage Life $3,806,924 - -

Merced Property & Casualty $4,540,937 - -

Amerco Corporation $8,159,095 - -

Repwest $2,486,027 - -

Oxford Life $5,673,068 - -

Sagicor Life $8,043,559 - $3,245,300

Sagicor Life $8,043,559 - $3,245,300

Fortress $7,564,147 - -

Merit Life $3,645,137 - -

Yosemite $3,919,010 - -

Hannover $7,563,369 - -

HDI Gerling America $7,563,369 - -

VAN ENT $7,295,926 - -

Old United Casualty $7,295,926 - -

Coface North America $7,263,164 - -

Coface North America $7,263,164 - -

Savings Bank Life $7,245,855 - -

The Savings Bank Life Of Massachusetts $7,245,855 - -

Geneve Holdings Inc $7,035,307 - -

Independence America $667,419 - -

Standard Security Life Of New York $2,245,333 - -

Madison National Life Inc $4,122,555 - -

22







Holdings

2012 COIN

Qualified

Holdings

General Electric $6,968,644 - -

Union Fidelity Life $6,968,644 - -

Ohio Indemnity $6,837,410 - -

Ohio Indemnity $6,837,410 - -

Housing Authority Property $6,766,483 - -

Housing Enterprise Inc $311,530 - -

Housing Authority Property A Mutual $3,096,143 - -

Housing Authority Risk Rention Inc $3,358,810 - -

Woodmen World Life Insurance Society $6,557,579 - $2,660,000

Woodmen World Life Insurance Society $6,557,579 - $2,660,000

Best Life & Health $6,259,504 - $6,964

Best Life & Health $6,259,504 - $6,964

Guarantee Of North America USA $6,194,236 - -

Guarantee Of North America USA $6,194,236 - -

Dongbu Insurance $6,126,688 - -

Dongbu Ltd $6,126,688 - -

Bankers Insurance $5,985,442 - -

Bankers $5,985,442 - -

Motorist Mutual $5,901,108 - -

Motorists Commercial Mutual $5,901,108 - -

Syncora Holdings $5,882,477 - -

Syncora Guarantee Inc $5,882,477 - -

American Pet $5,842,477 - -

American Pet $5,842,477 - -

Boston Mutual $5,797,008 - -

Boston Mutual Life $5,797,008 - -

Armed Forces Insurance Exchange $5,721,639 - -

Armed Forces Insurance Exchange $5,721,639 - -

Business Alliance $5,654,628 - -

Business Alliance $5,654,628 - -

JM Family $5,624,149 - -

Courtesy $5,624,149 - -

Pennsylvania Lumbermens $5,419,464 - -

Pennsylvania Lumbermens Mutual Insurance $287,223 - -

Indiana Lumbermens Mutual $5,132,241 - -

State Automobile Mutual $5,274,727 - -

Plaza $5,274,727 - -

Luso America Life Insurance Society $5,250,345 - -

Luso America Life Insurance Society $5,250,345 - -

Universal America Financial Corporation $5,232,060 - -

Constitution Life $233,051 - -

Pyramid Life $4,999,009 - -

Caring Communities Recipient Risk Retention $5,015,155 - -

Caring Communities Recipient Risk Retention $5,015,155 - -

National $4,739,644 - -

Oms National Risk Retension $4,739,644 - -

Attorneys Insurance Mutual Risk Retention Inc $4,685,141 - -

Attorneys Insurance Mutual Risk Retention Inc $4,685,141 - -

Caterpillar $4,667,736 - -

23







Holdings

2012 COIN

Qualified

Holdings

Caterpillar $4,667,736 - -

First Investors Life $4,451,475 - -

First Investors Life $4,451,475 - -

Financial Casualty & Surety Inc $4,438,313 - -

Financial Casualty & Surety Inc $4,438,313 - -

Generali US Branch $4,368,276 - -

Generali US Branch $4,368,276 - -

AXA Art $4,301,857 - -

AXA Art $4,301,857 - -

Atradius Trade Credit $4,288,753 - -

Atradius Trade Credit $4,288,753 - -

Pulte Homes $4,234,125 - -

Contractors of North America Inc Risk Retention $4,234,125 - -

Global Hawk Risk Retention $4,156,612 - -

Global Hawk Risk Retention $4,156,612 - -

American Contractors Insurance $4,088,684 - -

ACIG $582,515 - -

American Contractors Risk Retention $3,506,169 - -

Portuguese Fraternal Society of America $4,078,607 - -

Portuguese Fraternal Society of America $4,078,607 - -

Hallmark Financial Services $4,020,057 - $497,287

Hallmark $4,020,057 - $497,287

American Road $3,996,340 - -

American Road $3,996,340 - -

Ophthalmic Mutual Risk Retention $3,918,765 - -

Ophthalmic Mutual Risk Retention $3,918,765 - -

Amerisure $3,586,326 - -

Amerisure Mutual $3,586,326 - -

Catalina Holdings $3,557,281 - -

Quanta Indemnity $155,449 - -

National Home Risk Retention $3,401,832 - -

American Specialty $3,492,288 - -

American Specialty Health $3,492,288 - -

Selective Insurance $3,263,543 - -

Selective Of America $3,263,543 - -

California Mutual $3,237,413 $100,000 $100,000

California Mutual $3,237,413 $100,000 $100,000

Indiana Farm Bureau $3,205,043 - -

United Farm Family Life $704,327 - -

United Home Life $2,500,716 - -

Security Mutual Life Of New York $3,161,801 - $1,691,672

Security Mutual Life Of New York $3,161,801 - $1,691,672

Hyundai Marine & Fire Ltd $3,112,554 - -

Hyundai Marine & Fire Ltd $3,112,554 - -

Centene Corp $3,092,353 - -

Celtic $3,092,353 - -

Church Pension Fund $3,089,588 - -

Church Life $3,089,588 - -

Physicians Reimbursement Risk Retention $3,063,333 - -

24







Holdings

2012 COIN

Qualified

Holdings

Physicians Reimbursement Risk Retention $3,063,333 - -

GGC $3,030,365 - -

Financial America Property & Casualty $3,030,365 - -

Allied Professionals Risk Retention $2,916,787 - -

Allied Professionals Risk Retention $2,916,787 - -

Seechange Health $2,811,853 - -

Seechange Health $2,811,853 - -

Columbian Life $2,761,240 - -

Columbian Mutual Life $291,377 - -

Columbian Life $2,469,863 - -

Western National Mutual $2,666,060 - -

Western Home $2,666,060 - -

Ally Insurance Holdings $2,663,034 - -

MIC Property & Casualty $1,256,758 - -

Motors $1,406,276 - -

Physicians Specialty Ltd Risk Retention $2,648,308 - -

Physicians Specialty Ltd Risk Retention $2,648,308 - -

Baltimore Life $2,642,120 - $2,806,827

Baltimore Life $2,642,120 - $2,806,827

Lexington National $2,565,520 - -

Lexington National $2,565,520 - -

Red Rock $2,544,599 - -

Red Rock $2,544,599 - -

Federal Life $2,409,276 $100,000 $100,000

Federal Life $2,409,276 $100,000 $100,000

Regal ReInsurance $2,330,224 - -

Monarch Life $2,330,224 - -

American Surety $2,318,943 - -

American Surety $2,318,943 - -

Trans World Assurance $2,204,692 - -

Trans World Assurance $2,204,692 - -

Health Care Industry Liab Recip Insurance $2,168,749 - -

Health Care Industry Liab Recip Insurance $2,168,749 - -

Western World $2,139,539 - -

Stratford $2,139,539 - -

Accredited Surety & Casualty Inc $2,138,195 - -

Accredited Surety & Casualty Inc $2,138,195 - -

Croatian Fraternal Union Of America $2,123,708 - -

Croatian Fraternal Union Of America $2,123,708 - -

American Safety Risk Retention Inc $2,083,845 - -

American Safety Risk Retention Inc $2,083,845 - -

Tricadia Holdings $2,058,625 - -

Philadelphia Financial Life Assurance $2,058,625 - -

Directors Investment $2,046,006 - $1,048,153

Funeral Directors Life $2,046,006 - $1,048,153

Continuing Care Risk Retention Inc $2,041,184 - -

Continuing Care Risk Retention Inc $2,041,184 - -

American Enterprise Mutual $2,036,757 - -

Medico $770,908 - -

25







Holdings

2012 COIN

Qualified

Holdings

American Republic $1,265,849 - -

Christus Health $1,830,732 - -

Preferred Professional $1,830,732 - -

Evergreen National Indemnity $1,812,659 - -

Evergreen National Indemnity $1,812,659 - -

CSA Fraternal Life $1,801,294 - -

CSA Fraternal Life $1,801,294 - -

Atlas Financial Holdings $1,800,642 - -

Gateway $1,800,642 - -

Guaranty Income Life $1,726,372 - -

Guaranty Income Life $1,726,372 - -

Terra Risk Retention $1,723,647 - -

Terra Risk Retention $1,723,647 - -

National Contractors Inc Risk Retention $1,718,614 - -

National Contractors Inc Risk Retention $1,718,614 - -

Westbridge Capital $1,678,180 - -

National Found Life $1,678,180 - -

Lifetime HealthCare $1,666,288 - -

Medamerica $1,666,288 - -

New Era Life $1,614,303 - -

Philadelphia Amer Life $1,614,303 - -

Pharmacists Mutual $1,598,825 - $736,785

Pharmacists Mutual $1,598,825 - $736,785

Restoration Risk Retention Inc $1,598,147 - -

Restoration Risk Retention Inc $1,598,147 - -

Ability $1,563,342 - -

Ability $1,563,342 - -

United Transportation Union Insurance Association $1,495,242 - -

United Transportation Union Insurance Association $1,495,242 - -

Interboro $1,452,647 - -

Autoone $1,452,647 - -

Renaissance Health Service Corporation $1,376,157 - -

Renaissance Life & Health of America $1,376,157 - -

Corepointe $1,356,591 - -

Corepointe $1,356,591 - -

EMC National Life $1,349,537 - -

EMC National Life $1,349,537 - -

Central States $1,339,254 - -

Central States Health & Life Of Omaha $1,339,254 - -

Cpa Mutual Of America Risk Retention $1,332,966 - -

Cpa Mutual Of America Risk Retention $1,332,966 - -

Dorinco Re $1,286,481 - -

Dorinco Re $1,286,481 - -

Sons Of Norway $1,251,818 - -

Sons Of Norway $1,251,818 - -

PartnerRe $1,242,552 - -

PartnerRe America $381,129 - -

EnTitle $861,423 - -

National Slovak Society Of The USA $1,240,003 - -

26







Holdings

2012 COIN

Qualified

Holdings

National Slovak Society Of The USA $1,240,003 - -

Orange County Medical Recipients Insurance Risk Retention $1,165,125 - -

Orange County Medical Recipients Insurance Risk Retention $1,165,125 - -

United States Letter Carriers Mutual Benefit Association $1,163,879 - -

United States Letter Carriers Mutual Benefit Association $1,163,879 - -

ARCOA Risk Retention Inc $1,153,348 - -

ARCOA Risk Retention Inc $1,153,348 - -

Unified Life $1,144,825 - -

Unified Life $1,144,825 - -

American Fidelity Life $1,034,261 - -

American Fidelity Life $1,034,261 - -

Colonial Surety $1,032,041 - -

Colonial Surety $1,032,041 - -

American Excess Insurance Exchange Risk Retention $996,037 - -

American Excess Insurance Exchange Risk Retention $996,037 - -

American Association Of Othodontists Risk Retention $973,908 - -

American Association Of Othodontists Risk Retention $973,908 - -

Security National $939,061 - -

Security National Life $939,061 - -

Premier Land Title $917,062 - -

Premier Land Title $917,062 - -

Lancet Indemnity Risk Retention Inc $900,721 - -

Lancet Indemnity Risk Retention Inc $900,721 - -

Allegiant Inc A Risk Retention $888,817 - -

Allegiant Inc A Risk Retention $888,817 - -

Essent $886,693 - -

Essent Guarantee Inc $886,693 - -

Zale Corporation $877,347 - -

Zale Life $208,513 - -

Zale Indemnity $668,834 - -

Everence $840,518 - -

Everence Association Inc $840,518 - -

Tawa $813,716 - -

Lincoln General $813,716 - -

Oceanus A Risk Retention $803,062 - -

Oceanus A Risk Retention $803,062 - -

Petroleum Casualty $795,196 - -

Petroleum Casualty $795,196 - -

Illinois Mutual Life $764,502 - -

Illinois Mutual Life $764,502 - -

Aca Financial Guarantee Corporation $703,941 - -

Aca Financial Guarantee Corporation $703,941 - -

Degree Of Honor Protective Association $703,156 - -

Degree Of Honor Protective Association $703,156 - -

Woodmen World Assurance Life Association $700,725 - -

Woodmen World Assurance Life Association $700,725 - -

Care Risk Retention Inc $656,724 - -

Care Risk Retention Inc $656,724 - -

Ooida Risk Retention Inc $655,838 - -

27







Holdings

2012 COIN

Qualified

Holdings

Ooida Risk Retention Inc $655,838 - -

College Liability Recip Risk Retention $624,986 - -

College Liability Recip Risk Retention $624,986 - -

GBU Financial Life $623,949 - -

GBU Financial Life $623,949 - -

Bar Vermont Risk Retention Inc $623,618 - -

Bar Vermont Risk Retention Inc $623,618 - -

MGA Inc $623,320 - -

MGA Inc $623,320 - -

Utica $611,847 - -

Utica Mutual $278,343 - -

Graphic Arts Mutual $333,504 - -

Arrowpoint Capital $573,224 - -

Arrowood Indemnity $573,224 - -

National Unity $542,855 - -

National Unity $542,855 - -

Catholic Holy Family Society $509,757 - -

Catholic Holy Family Society $509,757 - -

Catholic Financial Life $509,661 - $696,088

Catholic Financial Life $509,661 - $696,088

Upper Hudson National $499,623 - -

Upper Hudson National $499,623 - -

Emergency Medicine Professional Asr $486,773 - -

Emergency Medicine Professional Asr $486,773 - -

Evergreen USA Risk Retention Inc $463,722 - -

Evergreen USA Risk Retention Inc $463,722 - -

Continental Heritage $461,822 - -

Continental Heritage $461,822 - -

Gray Insurance $458,861 - -

Gray $458,861 - -

Usplate Glass $454,885 - -

Usplate Glass $454,885 - -

Applied Medico Legal Solutions Risk Retention $440,297 - -

Applied Medico Legal Solutions Risk Retention $440,297 - -

CIFG Assurance North America Inc $440,116 - -

CIFG Assurance North America Inc $440,116 - -

Polish National Alliance US Of North America $437,354 - -

Polish National Alliance US Of North America $437,354 - -

William Penn Association $428,492 - $246,400

William Penn Association $428,492 - $246,400

Order of United Commercial Travelers $420,904 - -

Order of United Commercial Travelers $420,904 - -

Affiliates Risk $410,094 - -

Affiliates Insurance Recip a Risk Retention $410,094 - -

AmeriGuard Risk Retention Inc $385,951 - -

AmeriGuard Risk Retention Inc $385,951 - -

North Carolina Mutual Life $385,452 - -

North Carolina Mutual Life $385,452 - -

Sterling Investors Life $370,352 - -

28







Holdings

2012 COIN

Qualified

Holdings

Sterling Investors Life $370,352 - -

Western Catholic Risk Retention Inc $353,028 - -

Western Catholic Risk Retention Inc $353,028 - -

Peace Church Risk Retention Inc $348,943 - -

Peace Church Risk Retention Inc $348,943 - -

Unity Financial Life $333,448 - -

Unity Financial Life $333,448 - -

Federated Rural Electric Insurance Exchange $329,199 - -

Federated Rural Electric Insurance Exchange $329,199 - -

Supreme Council The Royal Arcanum $325,169 - -

Supreme Council The Royal Arcanum $325,169 - -

Puritan Financial Co $315,863 - -

Puritan Life of America $315,863 - -

Spirit Mountain Risk Retention Inc $308,154 - -

Spirit Mountain Risk Retention Inc $308,154 - -

States Self Insurers Risk Retention $305,799 - -

States Self Insurers Risk Retention $305,799 - -

Bonded Builders Risk Retention $299,305 - -

Bonded Builders Risk Retention $299,305 - -

Rothschild International $289,271 - -

Red Shield $289,271 - -

Polish Roman Catholic Union Of America $282,479 - -

Polish Roman Catholic Union Of America $282,479 - -

Westfield $269,427 - -

Westfield National $269,427 - -

Police & Firemens Insurance Association $265,688 - -

Police & Firemens Insurance Association $265,688 - -

Premier Physicians Inc a Risk Retention $247,624 - -

Premier Physicians Inc a Risk Retention $247,624 - -

Aviation Alliance Insurance Risk Retention Inc $218,705 - -

Aviation Alliance Insurance Risk Retention Inc $218,705 - -

FHC Health Systems $207,983 - -

Wellington Life $207,983 - -

Catholic Order Of Foresters $204,956 - $100,000

Catholic Order Of Foresters $204,956 - $100,000

Catamaran $200,337 - -

Catamaran Insurance of Ohio Inc $200,337 - -

Ozark National Life $192,872 - -

Ozark National Life $192,872 - -

Global Liberty of New York $191,948 - -

Global Liberty of New York $191,948 - -

RGA Inc $182,358 - -

RGA Re $182,358 - -

Claim Professionals Liab Risk Retention $171,468 - -

Claim Professionals Liab Risk Retention $171,468 - -

George A Parmer $171,341 - -

Western Pacific Mutual Risk Retension $171,341 - -

SBLI USA $156,287 - -

S USA Life Inc $156,287 - -

29







Holdings

2012 COIN

Qualified

Holdings

Acstar $153,883 - $126,046

Acstar $153,883 - $126,046

Starmount Life $135,123 - -

Starmount Life $135,123 - -

VantisLife $134,602 - -

Vantis Life $134,602 - -

Samsung Fire & Marine Ltd $125,959 - -

Samsung Fire & Marine Ltd $125,959 - -

American Independent Insurance $125,609 - -

Omni $125,609 - -

Amerisafe $120,815 - -

American Interstate $120,815 - -

AJK Holdings $120,746 - -

Atain $120,746 - -

Aurigen Re of America $119,725 - -

Aurigen Re of America $119,725 - -

Golden Risk Retention $115,088 - -

Golden Risk Retention $115,088 - -

College Risk Retention Inc $114,819 - -

College Risk Retention Inc $114,819 - -

The National Catholic Risk Retention Inc $103,750 - -

The National Catholic Risk Retention Inc $103,750 - -

ARIAS Holdings LLC $101,750 - -

New Home Warranty a Risk Retention $101,750 - -

Total $115,192,481,044 $2,341,657,987 $8,986,050,601

30

Documents

STATE OF CALIFORNIA DEPARTMENT OF INSURANCE …...Northern Of New York $17,114,122 - - Maryland Casualty $20,447,477 - - Universal Underwriters $40,913,335 - - Empire Fire & Marine