AmTrust Title Insurance Company ASSETS

Transcription

1

2 ASSETS Current Year Prior Year Net Admitted Nonadmitted Assets Net Assets Assets (Cols. 1-2) Admitted Assets 1. Bonds (Schedule D) ,097, ,097, ,995, Stocks (Schedule D): 2.1 Preferred stocks Common stocks Mortgage loans on real estate (Schedule B): 3.1 First liens Other than first liens Real estate (Schedule A): 4.1 Properties occupied by the company (less $...0 encumbrances) Properties held for the production of income (less $...0 encumbrances) Properties held for sale (less $...0 encumbrances) Cash ($...3,648,455, Schedule E-Part 1), cash equivalents ($...0, Schedule E-Part 2) and short-term investments ($...0, Schedule DA) ,648, ,648, , Contract loans (including $...0 premium notes) Derivatives (Schedule DB) Other invested assets (Schedule BA) Receivables for securities Securities lending reinvested collateral assets (Schedule DL) Aggregate write-ins for invested assets Subtotals, cash and invested assets (Lines 1 to 11) ,745, ,745, ,630, Title plants less $...0 charged off (for Title insurers only) , , , Investment income due and accrued , , , Premiums and considerations: 15.1 Uncollected premiums and agents' balances in the course of collection , , , , Deferred premiums, agents' balances and installments booked but deferred and not yet due (including $...0 earned but unbilled premiums) Accrued retrospective premiums ($...0) and contracts subject to redetermination ($...0) Reinsurance: 16.1 Amounts recoverable from reinsurers Funds held by or deposited with reinsured companies Other amounts receivable under reinsurance contracts Amounts receivable relating to uninsured plans Current federal and foreign income tax recoverable and interest thereon , Net deferred tax asset , , , Guaranty funds receivable or on deposit Electronic data processing equipment and software Furniture and equipment, including health care delivery assets ($...0) Net adjustment in assets and liabilities due to foreign exchange rates Receivables from parent, subsidiaries and affiliates Health care ($...0) and other amounts receivable Aggregate write-ins for other-than-invested assets , , , , Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25) ,059, , ,909, ,314, From Separate Accounts, Segregated Accounts and Protected Cell Accounts TOTAL (Lines 26 and 27) ,059, , ,909, ,314,774 DETAILS OF WRITE-INS Summary of remaining write-ins for Line 11 from overflow page Totals (Lines 1101 through 1103 plus 1198) (Line 11 above) Misc Receivable , , , Prepaids , , Intangibles , , , Summary of remaining write-ins for Line 25 from overflow page Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) , , , ,183 2

3 LIABILITIES, SURPLUS AND OTHER FUNDS 1 2 Current Year Prior Year 1. Known claims reserve (Part 2B, Line 3, Col. 4) , , Statutory premium reserve (Part 1B, Line 2.6, Col. 1) ,050, , Aggregate of other reserves required by law Supplemental reserve (Part 2B, Col. 4, Line 10) Commissions, brokerage and other charges due or accrued to attorneys, agents and real estate brokers Other expenses (excluding taxes, licenses and fees) , , Taxes, licenses and fees (excluding federal and foreign income taxes) , , Current federal and foreign income taxes (including $...0 on realized capital gains (losses)) , Net deferred tax liability Borrowed money $...0 and interest thereon $ Dividends declared and unpaid Premiums and other consideration received in advance Unearned interest and real estate income received in advance Funds held by company under reinsurance treaties , , Amounts withheld or retained by company for account of others Provision for unauthorized and certified ($...0) reinsurance Net adjustment in assets and liabilities due to foreign exchange rates Drafts outstanding Payable to parent, subsidiaries and affiliates ,080, , Derivatives Payable for securities Payable for securities lending Aggregate write-ins for other liabilities Total liabilities (Lines 1 through 22) ,435, , Aggregate write-ins for special surplus funds Common capital stock ,000, ,000, Preferred capital stock Aggregate write-ins for other-than-special surplus funds Surplus notes Gross paid in and contributed surplus ,186, ,186, Unassigned funds (surplus)......(1,686,798)...(1,841,766) 31. Less treasury stock, at cost: shares common (value included in Line 25 $...0) , , shares preferred (value included in Line 26 $...0) Surplus as regards policyholders (Lines 24 to 30 less 31) (Page 4, Line 32) ,474, ,319, TOTALS (Page 2, Line 28, Col. 3) ,909, ,314,774 DETAILS OF WRITE-INS Summary of remaining write-ins for Line 3 from overflow page Totals (Lines 0301 through 0303 plus 0398) (Line 3 above) Surcharges Payable Summary of remaining write-ins for Line 22 from overflow page Totals (Lines 2201 through 2203 plus 2298) (Line 22 above) Summary of remaining write-ins for Line 24 from overflow page Totals (Lines 2401 through 2403 plus 2498) (Line 24 above) Summary of remaining write-ins for Line 27 from overflow page Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

4 OPERATING INCOME 1. Title insurance and related income (Part 1): OPERATIONS AND INVESTMENT EXHIBIT 1 2 STATEMENT OF INCOME Current Year Prior Year 1.1 Title insurance premiums earned (Part 1B, Line 3, Col. 1) ,218, ,459, Escrow and settlement services (Part 1A, Line 2, Col. 4) Other title fees and service charges (Part 1A, Total of Lines 3, 4, 5 and 6, Col. 4) , , Other operating income (Part 4, Line 2, Col. 5) Total operating income (Lines 1 through 2) ,624, ,462,718 EXPENSES: 4. Losses and loss adjustment expenses incurred (Part 2A, Line 10, Col 4) , Operating expenses incurred (Part 3, Line 24, Col. 4) ,610, ,164, Other operating expenses (Part 4, Line 6, Col. 5) Total operating expenses ,746, ,164, Net operating gain or (loss) (Line 3 minus Line 7)......(122,100)...(1,702,162) INVESTMENT INCOME 9. Net investment income earned (Exhibit of Net Investment Income, Line 17) , , Net realized capital gains (losses) less capital gains tax of $...(39,978) (Exhibit of Capital Gains (Losses))......(74,245)...51, Net investment gain (loss) (Lines ) , ,663 OTHER INCOME 12. Aggregate write-ins for miscellaneous income or (loss) or other deductions Net income after capital gains tax and before all other federal income taxes (Lines ) ,029...(1,186,498) 14. Federal and foreign income taxes incurred ,437...(460,156) 15. Net income (Line 13 minus Line 14) ,592...(726,342) CAPITAL AND SURPLUS ACCOUNT 16. Surplus as regards policyholders, December 31 prior year (Page 3, Line 32, Column 2) ,319, ,024, Net income (from Line 15) ,592...(726,342) 18. 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......(19,484)...20, Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 28, Col. 3)......(52,139) Change in provision for unauthorized and certified reinsurance (Page 3, Line 15, Col. 2 minus Col. 1) Change in supplemental reserves (Page 3, Line 4, Col. 2 minus Col. 1) Change in surplus notes Cumulative effect of changes in accounting principles Capital changes: 26.1 Paid in Transferred from surplus (Stock Dividend) Transferred to surplus Surplus adjustments: 27.1 Paid in ,000, Transferred to capital (Stock Dividend) Transferred from capital Dividends to stockholders Change in treasury stock (Page 3, Lines 31.1 and 31.2, Col. 2 minus Col. 1) Aggregate write-ins for gains and losses in surplus Change in surplus as regards policyholders for the year (Lines 17 through 30) , ,294, Surplus as regards policyholders, December 31 current year (Line 16 plus Line 31) (Page 3, Line 32) ,474, ,319,460 DETAILS OF WRITE-INS Summary of remaining write-ins for Line 12 from overflow page Totals (Lines 1201 through 1203 plus 1298) (Line 12 above) Summary of remaining write-ins for Line 30 from overflow page Totals (Lines 3001 through 3003 plus 3098) (Line 30 above)

5 CASH FROM OPERATIONS CASH FLOW 1 2 Current Year Prior Year 1. Premiums collected net of reinsurance ,619, ,368, Net investment income , , Miscellaneous income , , Total (Lines 1 through 3) ,730, ,712, Benefit and loss related payments , , Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts Commissions, expenses paid and aggregate write-ins for deductions ,351, ,794, Dividends paid to policyholders Federal and foreign income taxes paid (recovered) net of $...0 tax on capital gains (losses)......(98,637)...(1,003,622) 10. Total (Lines 5 through 9) ,364, ,799, Net cash from operations (Line 4 minus Line 10) ,365,916...(86,747) CASH FROM INVESTMENTS 12. Proceeds from investments sold, matured or repaid: 12.1 Bonds ,165, ,043, Stocks 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 12.1 to 12.7) ,165, ,045, Cost of investments acquired (long-term only): 13.1 Bonds ,533, ,717, Stocks Mortgage loans Real estate Other invested assets Miscellaneous applications Total investments acquired (Lines 13.1 to 13.6) ,533, ,717, Net increase (decrease) in contract loans and premium notes Net cash from investments (Line 12.8 minus Lines 13.7 minus Line 14) ,685...(9,671,834) 16. Cash provided (applied): CASH FROM FINANCING AND MISCELLANEOUS SOURCES 16.1 Surplus notes, capital notes Capital and paid in surplus, less treasury stock ,000, Borrowed funds Net deposits on deposit-type contracts and other insurance liabilities Dividends to stockholders Other cash provided (applied) ,015,823...(406,785) 17. Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6) ,015, ,593,215 RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 18. Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) ,013,423...(165,366) 19. Cash, cash equivalents and short-term investments: 19.1 Beginning of year , , End of year (Line 18 plus Line 19.1) ,648, ,033 Note: Supplemental disclosures of cash flow information for non-cash transactions:

6 OPERATIONS AND INVESTMENT EXHIBIT PART 1A - SUMMARY OF TITLE INSURANCE PREMIUMS WRITTEN AND RELATED REVENUES 1 Agency Operations Non-Affiliated Affiliated Total Total Direct Agency Agency Current Year Prior Operations Operations Operations (Cols ) Year 1. Direct premiums written (Sch. T, Line 59, Cols. 3, 4 and 5) , ,247, ,031, ,292, ,739, Escrow and settlement service charges Title examinations Searches and abstracts , , Surveys Aggregate write-ins for service charges , , , Totals (Lines 1 to 6) , ,652, ,031, ,698, ,742,384 DETAILS OF WRITE-INS Closing Protection Letters , , , Summary of remaining write-ins for Line 6 from overflow page Totals (Lines 0601 through 0603 plus 0698) (Line 6 above) , , ,225 PART 1B - PREMIUMS EARNED EXHIBIT 1 2 Current Prior Year Year 1. Title premiums written: 1.1 Direct (Part 1A, Line 1, Col. 4) ,292, ,739, Assumed , Ceded , , Net title premiums written (Lines ) ,899, ,425, Statutory premium reserve: 2.1 Balance at December 31 prior year , , Aggregate write-ins for book adjustments to Line Additions during the current year ,812...(8,047) 2.4 Withdrawals during the current year , , Aggregate write-ins for other adjustments not effecting earned premiums Balance at December 31 current year (Lines ) ,050, , Net title premiums earned during year (Lines ) (Sch. T, Line 59, Col. 7) ,218, ,459,493 DETAILS OF WRITE-INS Summary of remaining write-ins for Line 2.2 from overflow page Totals (Lines through plus ) (Line 2.2 above) Summary of remaining write-ins for Line 2.5 from overflow page Totals (Lines through plus ) (Line 2.5 above)

7 OPERATIONS AND INVESTMENT EXHIBIT PART 2A - LOSSES PAID AND INCURRED 1 Agency Operations Current Non-Affiliated Affiliated Year Prior Direct Agency Agency Total Year Operations Operations Operations (Cols ) Total 1. Losses and allocated loss adjustment expenses paid - direct business, less salvage and subrogation (Total same as Sch. T, Line 59, Col. 8) , , , , Losses and allocated loss adjustment expenses paid - reinsurance assumed, less salvage and subrogation Total (Line 1 plus Line 2) , , , , Deduct: Recovered during year from reinsurance Net payments (Line 3 minus Line 4) , , , , Known claims reserve - current year (Page 3, Line 1, Col. 1) , , , , Known claims reserve - prior year (Page 3, Line 1, Col. 2) , , , Losses and allocated loss adjustment expenses incurred... (Line 5 plus Line 6 minus Line 7) , , Unallocated loss adjustment expenses incurred (Part 3, Line 24, Col. 5) Losses and loss adjustment expenses incurred (Line 8 plus Line 9) , ,

8 OPERATIONS AND INVESTMENT EXHIBIT PART 2B - UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES 1 Agency Operations Total Non-Affiliated Affiliated Current Total Direct Agency Agency Year Prior Operations Operations Operations (Cols ) Year 1. Loss and allocated LAE reserve for title and other losses of which notice has been received: 1.1 Direct (Schedule P, Part 1, Line 12, Col. 17) , , , , Reinsurance assumed (Schedule P, Part 1, Line 12, Col. 18) Deduct reinsurance recoverable from authorized, unauthorized and certified companies (Schedule P, Part 1, Line 12, Col. 19) Known claims reserve net of reinsurance (Line 1.1 plus Line 1.2 minus Line 2) , , , , Incurred but not reported: 4.1 Direct (Schedule P, Part 1, Line 12, Col. 20) , , , , Reinsurance assumed (Schedule P, Part 1, Line 12, Col. 21) Reinsurance ceded (Schedule P, Part 1, Line 12, Col. 22) Net incurred but not reported (Line 4.1 plus Line 4.2 minus Line 4.3) , , , , Unallocated LAE reserve (Schedule P, Part 1, Line 12, Col. 23) Less discount for time value of money, if allowed (Sch. P, Part 1, Line 12, Col. 33)......XXX......XXX......XXX Total Schedule P reserves (Lines ) (Sch. P, Part 1, Line 12, Col. 34)......XXX......XXX......XXX , , Statutory premium reserve at year end (Part 1B, Line 2.6)......XXX......XXX......XXX ,050, , Aggregate of other reserves required by law (Page 3, Line 3)......XXX......XXX......XXX Supplemental reserve (a) (Lines 7 - ( ))......XXX......XXX......XXX (a) If the sum of Lines is greater than Line 7, place a "0" in this line. 8

9 9 Annual Statement for the year 2017 of the OPERATIONS AND INVESTMENT EXHIBIT PART 3 - EXPENSES Title and Escrow Operating Expenses Totals 1 Agency Operations Unallocated Direct Non-affiliated Affiliated Total Loss Adjustment Other Investment Current Year Operations Agency Operations Agency Operations (Cols ) Expenses Operations Expenses (Cols ) Prior Year 1. Personnel costs: 1.1 Salaries , , , , ,159, Employee relations and welfare , Payroll taxes , , , , , Other personnel costs , , , , Total personnel costs , , , , ,266, Amounts paid to or retained by title agents ,753, ,124, ,878, ,878, ,104, Production services (purchased outside): 3.1 Searches, examinations and abstracts , , Surveys Other Advertising , Boards, bureaus and associations , , , , , Title plant rent and maintenance Claim adjustment services......xxx......xxx......xxx......xxx xxx......xxx Amounts charged off, net of recoveries Marketing and promotional expenses , Insurance , , , , , Directors' fees , , , , , Travel and travel items , Rent and rent items , , , , , Equipment , Cost or depreciation of EDP equipment and software Printing, stationery, books and periodicals , , , , , Postage, telephone, messengers and express , , , , , Legal and auditing , , , , , Totals (Lines 1.5 to 18) ,144, ,467, ,612, ,612, ,856, Taxes, licenses and fees 20.1 State and local insurance taxes , , , , , Insurance department licenses and fees , , , , , Gross guaranty association assessments All other (excluding federal income and real estate) , , , Total taxes, licenses and fees (Lines ) , , , , , Real estate expenses Real estate taxes Aggregate write-ins for other expenses , , , , , , Total expenses incurred (Lines ) , ,674, ,935, ,610, ,107 (a)...18,637, ,164, Less unpaid expenses - current year , , , , , Add unpaid expenses - prior year , , , ,587...(325,176) 27. Total expenses paid (Lines ) , ,545, ,805, ,351, , ,378, ,794,042 DETAILS OF WRITE-INS Outside Professional Services , , , , , Contributions / Donations , , , , , Miscellaneous income/expenses , , , Summary of remaining write-ins for Line 23 from overflow page , , Totals (Lines 2301 through 2303 plus 2398) (Line 23 above) , , , , , ,931 (a) Includes management fees of $...0 to affiliates and $...0 to non-affiliates.

10 10 Annual Statement for the year 2017 of the 1. Title insurance and related income (Part 1): OPERATIONS AND INVESTMENT EXHIBIT PART 4 - NET OPERATING GAIN/LOSS EXHIBIT 1 Agency Operations 4 5 Totals Non-affiliated Affiliated Direct Agency Agency Total Other Current Year Operations Operations Operations (Cols ) Operations (Cols ) Prior Year 1.1 Title insurance premiums earned (Part 1B, Line 3, Col. 1) , ,166, ,037, ,218,519...XXX ,218, ,459, Escrow and settlement services (Part 1A, Line 2) XXX Other title fees and service charges (Part 1A, Lines 3 through 6) , ,725...XXX , , Aggregate write-ins for other operating income......xxx......xxx......xxx......xxx Total operating income (Lines 1.1 through Line 2) , ,572, ,038, ,624, ,624, ,462,718 DEDUCT: 4. Losses and loss adjustment expenses incurred (Part 2A, Line 10, Col. 4) , ,915...XXX , Operating expenses incurred (Part 3, Line 24, Cols. 1 to 3 and Col. 6) , ,674, ,935, ,610, ,610, ,164, Total operating deductions (Line 4 + Line 5) , ,809, ,935, ,746, ,746, ,164, Net operating gain or (loss) (Line 3 minus Line 6) , ,181...(897,087)...(122,101) (122,101)...(1,702,162) DETAILS OF WRITE-INS XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX Summary of remaining write-ins for Line 2 from overflow page......xxx......xxx......xxx......xxx Totals (Lines 0201 through 0203 plus 0298) (Line 2 above)......xxx......xxx......xxx......xxx

11 EXHIBIT OF NET INVESTMENT INCOME 1 2 Collected Earned During Year During Year 1. U.S. government bonds... (a)...16, , Bonds exempt from U.S. tax... (a)...96, , Other bonds (unaffiliated)... (a)...459, , Bonds of affiliates... (a) Preferred stocks (unaffiliated)... (b) Preferred stocks of affiliates... (b) Common stocks (unaffiliated) Common stocks of affiliates Mortgage loans... (c) Real estate... (d) Contract loans Cash, cash equivalents and short-term investments... (e)...7, , Derivative instruments... (f) Other invested assets Aggregate write-ins for investment income Total gross investment income , , Investment expenses... (g)...27, Investment taxes, licenses and fees, excluding federal income taxes... (g) Interest expense... (h) Depreciation on real estate and other invested assets... (i) Aggregate write-ins for deductions from investment income Total deductions (Lines 11 through 15) , Net investment income (Line 10 minus Line 16) ,374 DETAILS OF WRITE-INS Summary of remaining write-ins for Line 9 from overflow page Totals (Lines 0901 through 0903 plus 0998) (Line 9 above) Summary of remaining write-ins for Line 15 from overflow page Totals (Lines 1501 through 1503 plus 1598) (Line 15 above) (a) Includes $...7,780 accrual of discount less $...159,796 amortization of premium and less $...83,421 paid for accrued interest on purchases. (b) Includes $...0 accrual of discount less $...0 amortization of premium and less $...0 paid for accrued dividends on purchases. (c) Includes $...0 accrual of discount less $...0 amortization of premium and less $...0 paid for accrued interest on purchases. (d) Includes $...0 for company's occupancy of its own buildings; and excludes $...0 interest on encumbrances. (e) Includes $...2,157 accrual of discount less $...0 amortization of premium and less $...0 paid for accrued interest on purchases. (f) Includes $...0 accrual of discount less $...0 amortization of premium. (g) Includes $...0 investment expenses and $...0 investment taxes, licenses and fees, excluding federal income taxes, attributable to segregated and Separate Accounts. (h) Includes $...0 interest on surplus notes and $...0 interest on capital notes. (i) Includes $...0 depreciation on real estate and $...0 depreciation on other invested assets. EXHIBIT OF CAPITAL GAINS (LOSSES) Realized Change in Gain (Loss) Other Total Realized Change in Unrealized on Sales Realized Capital Gain (Loss) Unrealized Foreign Exchange or Maturity Adjustments (Columns 1 + 2) Capital Gain (Loss) Capital Gain (Loss) 1. U.S. government bonds , , Bonds exempt from U.S. tax Other bonds (unaffiliated)......(116,025)......(116,025) Bonds of affiliates Preferred stocks (unaffiliated) Preferred stocks of affiliates Common stocks (unaffiliated) Common stocks of affiliates Mortgage loans Real estate Contract loans Cash, cash equivalents and short-term investments Derivative instruments Other invested assets Aggregate write-ins for capital gains (losses) Total capital gains (losses)......(114,223) (114,223) DETAILS OF WRITE-INS Summary of remaining write-ins for Line 9 from overflow page Totals (Lines 0901 through 0903 plus 0998) (Line 9 above)

12 EXHIBIT OF NONADMITTED ASSETS Current Year Prior Year Change in Total Total Total Nonadmitted Assets Nonadmitted Assets Nonadmitted Assets (Col. 2 - Col. 1) 1. Bonds (Schedule D) Stocks (Schedule D): 2.1 Preferred stocks Common stocks Mortgage loans on real estate (Schedule B): 3.1 First liens Other than first liens Real estate (Schedule A): 4.1 Properties occupied by the company Properties held for the production of income Properties held for sale Cash (Schedule E-Part 1), cash equivalents (Schedule E-Part 2) and short-term investments (Schedule DA) Contract loans Derivatives (Schedule DB) Other invested assets (Schedule BA) Receivables for securities Securities lending reinvested collateral assets (Schedule DL) Aggregate write-ins for invested assets Subtotals, cash and invested assets (Lines 1 to 11) Title plants (for Title insurers only) Investment income due and accrued Premiums and considerations: 15.1 Uncollected premiums and agents' balances in the course of collection , ,922...(17,485) 15.2 Deferred premiums, agents' balances and installments booked but deferred and not yet due Accrued retrospective premiums and contracts subject to redetermination Reinsurance: 16.1 Amounts recoverable from reinsurers Funds held by or deposited with reinsured companies Other amounts receivable under reinsurance contracts Amounts receivable relating to uninsured plans Current federal and foreign income tax recoverable and interest thereon Net deferred tax asset , , Guaranty funds receivable or on deposit Electronic data processing equipment and software Furniture and equipment, including health care delivery assets Net adjustment in assets and liabilities due to foreign exchange rates Receivables from parent, subsidiaries and affiliates Health care and other amounts receivable Aggregate write-ins for other-than-invested assets , ,338...(36,571) 26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 through 25) , ,177...(52,139) 27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts TOTALS (Lines 26 and 27) , ,177...(52,139) DETAILS OF WRITE-INS Summary of remaining write-ins for Line 11 from overflow page Totals (Lines 1101 through 1103 plus 1198) (Line 11 above) Prepaid Assets , ,338...(36,571) Summary of remaining write-ins for Line 25 from overflow page Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) , ,338...(36,571) 12

13 NOTES TO FINANCIAL STATEMENTS Note 1 Summary of Significant Accounting Policies and Going Concern A. Accounting Practices The accompanying financial statements of the ("The Company") are presented on the basis of accounting practices prescribed or permitted by the New York State Department of Financial Services. To the extent possible, the accompanying financial statements have been prepared in substantial conformity with the National Association of Insurance Commissioner's (NAIC) Accounting Practices and Procedures Manual, (NAIC SAP), except where the laws of the State of New York differ. Significant variances between New York basis of accounting and NAIC SAP are: investment in title plants under New York law are limited to 5% of admitted assets, and are required to be amortized at a rate of 10% per year beginning 3 years after acquisition, as compared to NAIC SAP which allows the lessor of 20% of admitted assets or 40% of surplus and which provides for no amortization; and recovery rates for amounts set aside in the statutory premium reserves differ. A reconciliation of the Company's net income and capital and surplus between NAIC SAP and practices prescribed and permitted by the State of New York is shown below: 13 F/S Page F/S Line # SSAP # NET INCOME (1) Company state basis (Page 4, Line 15, Columns 1 & 2) XXX XXX XXX $ 226,592 $ (726,342) (2) State Prescribed Practices that are an increase/(decrease) from NAIC SAP $ $ (3) State Permitted Practices that are an increase/(decrease) from NAIC SAP $ $ (4) NAIC SAP (1 2 3 = 4) XXX XXX XXX $ 226,592 $ (726,342) SURPLUS (5) Company state basis (Page 3, line 32, Columns 1 & 2) XXX XXX XXX $ 19,474,427 $ 19,319,458 (6) State Prescribed Practices that are an increase/(decrease) from NAIC SAP $ $ (7) State Permitted Practices that are an increase/(decrease) from NAIC SAP $ $ (8) NAIC SAP (5 6 7 = 8) XXX XXX XXX $ 19,474,427 $ 19,319,458 B. Use of Estimates in the Preparation of the Financial Statement The preparation of financial statements in conformity with Statutory Accounting Principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities. It also requires disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. C. Accounting Policy Premiums are earned over the terms of the related insurance policies and reinsurance contracts. Statutory premium reserves are established as required by the State of New York per calculations provided. Expenses incurred in connection with acquiring new insurance business, including such acquisition costs as sales commissions, are charged to operations as incurred. Expenses incurred are reduced for ceding allowances received or receivable. (1) Basis for Short-Term Investments When held, short tern investments are stated at amortized cost. (2) Basis for Bonds and Amortization Schedule Bonds not backed by other loans are stated at amortized cost using the interest method. (3) Basis for Common Stocks The Company does not hold any common stocks. (4) Basis for Preferred Stocks The Company does not hold any preferred stocks. (5) Basis for Mortgage Loans The Company does not hold any mortgage loans. (6) Basis for Loan-Backed Securities and Adjustment Methodology Loan-backed securities are stated at either amortized cost or the lower of amortized cost or fair market value. The retrospective adjustment method is used to value all securities except for interest only securities or securities where the yield has become negative, that are valued using the prospective method. (7) Accounting Policies for Investments in Subsidiaries, Controlled and Affiliated Entities The Company does not hold any investments in subsidiaries or affiliated companies. (8) Accounting Policies for Investments in Joint Ventures, Partnerships and Limited Liability Entities The Company does not hold any investments in joint ventures, partnerships, or limited liability companies.

14 NOTES TO FINANCIAL STATEMENTS (9) Accounting Policies for Derivatives The Company does not hold any derivatives. (10) Anticipated Investment Income Used in Premium Deficiency Calculation The Company anticipates investment income as a factor in the premium deficiency calculation, in accordance with SSAP No. 53, Property Casualty Contracts - Premiums. (11) Management's Policies and Methodologies for Estimating Liabilities for Losses and Loss/Claim Adjustment Expenses for A&H Contracts Unpaid losses and loss adjustment expenses include an amount determined from individual case estimates and loss reports and an amount, based on past experience, for losses incurred but not reported. Such liabilities are necessarily based on assumptions and estimates and while management believes the amount is adequate, the ultimate liability may be in excess of or less than the amount provided. The methods for making such estimates and for establishing the resulting liabilities are continually reviewed and any adjustments are reflected in the period determined. (12) Changes in the Capitalization Policy and Predefined Thresholds from Prior Period The Company has not modified its capitalization policy from prior period. (13) Method Used to Estimate Pharmaceutical Rebate Receivables D. Going Concern The Company does not have any pharmaceutical rebate receivables. Based upon evaluation of relevant conditions and events, management does not have substantial doubt about the Company's ability to continue as a going concern. Note 2 Accounting Changes and Correction of Errors The Company had no material changes in accounting principles and / or corrections of errors in Note 3 Business Combinations and Goodwill Note 4 Discontinued Operations Note 5 Investments A. Mortgage Loans, including Mezzanine Real Estate Loans (1) Maximum and Minimum Lending Rates (2) The maximum percentage of any one loan to the value of security at the time of the loan, exclusive of insured or guaranteed or purchase money mortgage was: 9) Policy for Recognizing Interest Income on Impaired Loans B. Debt Restructuring (4) Creditor's Income Recognition Policy for Interest Income on Impaired Loans C. Reverse Mortgages (1) Description of Accounting Policies and Methods (2) General Information Regarding Commitment Under the Agreement (3) At December 31, the actuarial reserve of $0 reduced the asset value of the group of reverse mortgages. (4) The Company recorded an unrealized loss $0 as a result of the re-estimates of the cash flows. 13.1

15 NOTES TO FINANCIAL STATEMENTS D. Loan-Backed Securities (1) Description of Sources Used to Determined Prepayment Assumptions (5) Information Investor Considered in Reaching Conclusion that Impairments are Not Other-Than-Temporary E. Dollar Repurchase Agreements and/or Securities Lending Transactions (1) Policy for Requiring Collateral or Other Security (2) Disclose the Carrying Amount and Classification of Both Assets and Liabiltiies c. Information about Sources and Uses of Collateral (4) Aggregate Value of the Reinvested Collateral (5) Collateral Reinvestment b. Explanation of Additional Sources of Liquidity for Maturity Date Mismatches (6) Detail on Collateral Transactions Not Permitted by Contract or Custom to Sell or Repledge F. Repurchase Agreements Transactions Accounted for as Secured Borrowing (1) Company Policies or Strategies for Repo Programs G. Reverse Repurchase Agreements Transactions Accounted for as Secured Borrowing Repurchase Transactions Cash Provider Overview of Secured Borrowing Transactions (1) Company Policy or Strategies for Engaging in Repo Programs H. Repurchase Agreements Transactions Accounted for as a Sale Repurchase Transaction Cash Taker Overview of Sale Transactions (1) Company Policy or Strategies for Engaging in Repo Programs I. Reverse Repurchase Agreements Transactions Accounted for as a Sale Repurchase Transaction Cash Provider Overview of Sale Transactions (1) Company Policy or Strategies for Engaging in Repo Programs J. Real Estate (1) Recognized Impairment Loss (2) Sold or Classified Real Estate Investments as Held for Sale (3) Changes to a Plan of Sale for an Investment in Real Estate (4) Retail Land Sales Operations 13.2

16 NOTES TO FINANCIAL STATEMENTS (5) Real Estate Investments with Participating Mortgage Loan Features K. Low-Income Housing Tax Credits (LIHTC) (1) Number of Remaining Years of Unexpired Tax Credits and Holding Period for LIHTC Investments (2) Amount of LIHTC and Other Tax Benefits Recognized (3) Balance of Investment Recognized (4) Regulatory Reviews (5) LIHTC investments which Exceed 10% of Total Admitted Assets (6) Recognized Impairment (7) Amount and Nature of Write-Downs or Reclassifications L. Restricted Assets (1) Restricted Assets (Including Pledged) Restricted Asset Category Gross (Admitted & Total Current Year Total Current Year Nonadmitted) Total Gross Restricted Increase (Decrease) Nonadmitted Admitted Restricted Restricted to Total from Prior Year (1 minus 2) Restricted (1 minus 4) Assets (a) Total Gross Restricted from Current Year 13.3 Additional Restricted to Total Admitted Assets (b) a. Subject to contractual obligation for which liability is not shown $ $ $ $ $ % % b. Collateral held under security lending arrangements % % c. Subject to repurchase agreements % % d. Subject to reverse repurchase agreements % % e. Subject to dollar repurchase agreements % % f. Subject to dollar reverse repurchase agreements % % g. Placed under option contracts % % h. Letter stock or securities restricted as to sale excluding FHLB capital stock % % i. FHLB capital stock % % j. On deposit with states 4,469,458 1,645,943 2,823,515 4,469, % 19.5% k. On deposit with other regulatory bodies % % l. Pledged as collateral to FHLB (including assets backing funding agreements) % % m. Pledged as collateral not captured in other categories % % n. Other restricted assets % % o. Total Restricted Assets $ 4,469,458 $ 1,645,943 $ 2,823,515 $ $ 4,469, % 19.5% (a) Column 1 divided by Asset Page, Column 1, Line 28 (b) Column 5 divided by Asset Page, Column 1, Line 28 M. Working Capital Finance Investments (1) Aggregate Working Capital Finance Investments (WCFI) Book/Adjusted Carrying Value by NAIC Designation: N. Offsetting and Netting of Assets and Liabilities O. Structured Notes

17 NOTES TO FINANCIAL STATEMENTS P. 5* Securities Q. Short Sales R. Prepayment Penalty and Acceleration Fees Note 6 Joint Ventures, Partnerships and Limited Liability Companies A. Investments in Joint Ventures, Partnerships and Limited Liability Companies that Exceed 10% of Ownership The Company has no investments in Joint Ventures, Partnerships, or Limited Liability Companies that exceed 10% of its admitted assets. B. Investments in Impaired Joint Ventures, Partnerships and Limited Liability Companies The Company did not recognize any impairment write-down for its investments in Joint Ventures, Partnerships, and Limited Liability Companies during the statement period. Note 7 Investment Income A. The bases, by category of investment income, for excluding (nonadmitting) any investment income due and accrued: The Company does not admit investment income due and accrued if amounts are over 90 days past due (180 for mortgage loans). B. The total amount excluded: Note 8 Derivative Instruments The Company holds no Derivative Investments. Note 9 Income Taxes A. Deferred Tax Assets/(Liabilities) 1. Components of Net Deferred Tax Asset/(Liability) Change 1 Ordinary 2 Capital 3 (Col 1+2) Total 4 Ordinary 5 Capital 6 (Col 4+5) Total 7 (Col 1-4) Ordinary 8 (Col 2-5) Capital (Col 7+8) Total a. Gross deferred tax assets $ 52,536 $ $ 52,536 $ 71,505 $ $ 71,505 $ (18,969) $ $ (18,969) b. Statutory valuation allowance adjustment c. Adjusted gross deferred tax assets (1a-1b) $ 52,536 $ $ 52,536 $ 71,505 $ $ 71,505 $ (18,969) $ $ (18,969) d. Deferred tax assets nonadmitted 1,917 1,917 (1,917) (1,917) e. Subtotal net admitted deferred tax asset (1c-1d) $ 52,536 $ $ 52,536 $ 69,588 $ $ 69,588 $ (17,052) $ (17,052) f. Deferred tax liabilities 463 1,116 1,579 1,064 1, g. Net admitted deferred tax assets/(net deferred tax liability) (1e-1f) $ 52,073 $ (1,116) $ 50,957 $ 69,588 $ (1,064) $ 68,524 $ (17,515) $ (52) $ (17,567) 2. Admission Calculation Components SSAP No Change 1 Ordinary 2 Capital 3 (Col 1+2) Total 4 Ordinary 5 Capital 6 (Col 4+5) Total 7 (Col 1-4) Ordinary 8 (Col 2-5) Capital a. Federal income taxes paid in prior years recoverable through loss 9 (Col 7+8) Total carrybacks 52,536 52,536 52,536 52,536 b. Adjusted gross deferred tax assets expected to be realized (excluding the amount of deferred tax assets 68,524 68,524 (68,524) (68,524)

18 NOTES TO FINANCIAL STATEMENTS Change (Col 1+2) (Col 4+5) (Col 1-4) (Col 2-5) Capital Total Ordinary Capital Total Ordinary Capital 9 (Col 7+8) Total Ordinary from 2(a) above) after application of the threshold limitation. (The lesser of 2(b)1 and 2(b)2 below: Adjusted gross deferred tax assets expected to be realized following the balance sheet date 68,524 68,524 (68,524) (68,524) Adjusted gross deferred tax assets allowed per limitation threshold 2,913,521 2,875,882 37,639 c. Adjusted gross deferred tax assets (excluding the amount of deferred tax assets from 2(a) and 2(b) above) offset by gross deferred tax liabilities 1,064 1,064 (1,064) (1,064) d. Deferred tax assets admitted as the result of application of SSAP 101. Total (2(a)+2(b)+2(c) 52,536 52,536 68,524 1,064 69,588 (15,988) (1,064) (17,052) 3. Other Admissibility Criteria a. Ratio percentage used to determine recovery period and threshold limitation amount % % b. Amount of adjusted capital and surplus used to determine recovery period and threshold limitation in 2(b)2 above 19,423,470 19,250, Impact of Tax Planning Strategies (a) (b) Determination of adjusted gross deferred tax assets and net admitted deferred tax assets, by tax character as a percentage. 12/31/ /31/2016 Change 1 Ordinary 2 Capital 3 Ordinary 4 Capital 5 (Col. 1-3) Ordinary 6 (Col. 2-4) Capital 1. Adjusted gross DTAs amount from Note 9A1(c) 52,536 71,505 (18,969) 2. Percentage of adjusted gross DTAs by tax character attributable to the impact of tax planning strategies % % % % % % 3. Net Admitted Adjusted Gross DTAs amount from Note 9A1(e) 52,536 69,588 (17,052) 4 Percentage of net admitted adjusted gross DTAs by tax character admitted because of the impact of tax planning strategies % % % % % % Does the company s tax planning strategies include the use of reinsurance? NO B. Deferred Tax Liabilities Not Recognized C. Current and Deferred Income Taxes 1. Current Income Tax (Col 1-2) Change a. Federal 96,437 (460,156) 556,593 b. Foreign c. Subtotal 96,437 (460,156) 556,593 d. Federal income tax on net capital gains (39,978) 27,581 (67,559) 13.5

19 NOTES TO FINANCIAL STATEMENTS (Col 1-2) Change e. Utilization of capital loss carry-forwards f. Other g. Federal and Foreign income taxes incurred 56,459 (432,575) 489, Deferred Tax Assets (Col 1-2) Change a. Ordinary: 1. Discounting of unpaid losses Unearned premium reserve 3,220 2,016 1, Policyholder reserves 4. Investments 5. Deferred acquisition costs 6. Policyholder dividends accrual 7. Fixed assets 8. Compensation and benefits accrual 9. Pension accrual 10. Receivables - nonadmitted 11. Net operating loss carry-forward 17,154 35,783 (18,629) 12. Tax credit carry-forward 13. Other (items <5% of total ordinary tax assets) 31,358 33,341 (1,983) Other (items >=5% of total ordinary tax assets) Subtotal 52,536 71,505 (18,969) b. Statutory valuation allowance adjustment c. Nonadmitted 1,917 (1,917) d. Admitted ordinary deferred tax assets (2a99-2b-2c) 52,536 69,588 (17,052) e. Capital: 1. Investments 2. Net capital loss carry-forward 3. Real estate 4. Other (items <5% of total capital tax assets) Other (items >=5% of total capital tax assets) Subtotal f. Statutory valuation allowance adjustment g. Nonadmitted h. Admitted capital deferred tax assets (2e99-2f-2g) i. Admitted deferred tax assets (2d+2h) 52,536 69,588 (17,052) 3. Deferred Tax Liabilities (Col 1-2) Change a. Ordinary: 1. Investments Fixed assets 3. Deferred and uncollected premium 4. Policyholder reserves 5. Other (items <5% of total ordinary tax liabilities) Other (items >=5% of total ordinary tax liabilities) Subtotal b. Capital: 1. Investments 1,116 1, Real estate 3. Other (tems <5% of total capital tax liabilities) Other (items >=5% of total capital tax liabilities) Subtotal 1,116 1, c. Deferred tax liabilities (3a99+3b99) 1,579 1, Net Deferred Tax Assets (2i 3c) 50,957 68,524 (17,567) D. Reconciliation of Federal Income Tax Rate to Actual Effective Rate Among the more significant book to tax adjustments were the following: Amount Effective Tax Rate (%) Permanent Differences: Provision computed at statutory rate 99, % Proration of tax exempt investment income 6, % Tax exempt income deduction (40,248) (14.2)% Dividends received deduction % Disallowed travel and entertainment % 13.6

20 NOTES TO FINANCIAL STATEMENTS Amount Effective Tax Rate (%) Other permanent differences % Temporary Differences: Total ordinary DTAs 10, % Total ordinary DTLs % Total capital DTAs % Total capital DTLs % Other: Statutory valuation allowance adjustment % Accrual adjustment prior year % Other % Totals 75, % Federal and foreign income taxes incurred 96, % Realized capital gains (losses) tax (39,978) (14.1)% Change in net deferred income taxes 19, % Total statutory income taxes $ 75, % E. Operating Loss Carryfowards and Income Taxes Available for Recoupment 1. The amounts, origination dates and expiration dates of operating loss and tax credit carry forwards available for tax purposes: Description (Operating Loss or Tax Credit Carry Forward) Amounts Origination Dates Expiration Dates Operating Loss Carry Forward 37,037 December 31, 2011 December 31, 2021 Operating Loss Carry Forward 17,438 December 31, 2012 December 31, 2022 Operating Loss Carry Forward 15,007 December 31, 2013 December 31, 2023 Operating Loss Carry Forward 12,205 December 31, 2014 December 31, The following is income tax expense for current year and proceeding years that is available for recoupment in the event of future net losses: Year Amounts , The Company s aggregate amount of deposits admitted under Section 6603 of the Internal Revenue Service Code is None. F. Consolidated Federal Income Tax Return 1. The Company s federal income tax return is consolidated with the following entities: McCormick Road LLC AmTrust Mobile Solutions Singapore PTE. LTD. Mayfield Agency Parent Inc East 14th Purchaser LLC AmTrust Nordic, AB Mayfield Holdings LLC Cowan LLC AmTrust Nordic Holding Europe AB Mayfield WarrantyCo Bidco Inc. 360 Market Place, LLC AmTrust North America of Florida, Inc. Mayfield WarrantyCo Borrower Inc Brookside Parkway LLC AmTrust North America of Texas, Inc. Mayfield WarrantyCo Midco Inc. 400 Executive Blvd. Southington AmTrust North America, Inc. Mayfield WarrantyCo Parent Inc LBJ Freeway LLC AmTrust Re 2007 (Luxembourg) MGB Investments LLP 7125 West Jefferson LLC AmTrust Re Delta Milford Casualty Insurance Company 723 St. Nicholas Holdings LLC AmTrust Re Theta Mobile Repair Solutions Malaysia SDN BHD 800 Superior LLC AmTrust Revive Limited Motors Insurance Company Limited 800 Superior NMTC Investment Fund II LLC AmTrust Search and Production LLC National Home Surety Inc. AA Gadget Repair Limited AmTrust Syndicate Holdings Limited Northcoast Solutions of Canada, ULC Advantage Comp, Inc. AmTrust Syndicate Services Limited Northcoast Warranty Services, Inc. ACP Re Holdings, LLC Oakwood Village, Ltd AFAC Venture Holdings, LLC AmTrust Underwriters, Inc. Oryx Insurance Brokerage, Inc. AFS Realty Holdings LLC AmTrust Underwriting Limited OwnerGUARD Agency AFS Realty Member, LLC AmTrust Warranty Holdings LLC OwnerGUARD Corporation Agent Alliance Reinsurance Company Ltd. AMTS Holding Corp. OwnerGUARD University AII Insurance Management Limited AmVenture Marketing Services PBOA. Inc AII Investment Holdings Limited ARI Casualty Company PDP Group, Incorporated AII Reinsurance Broker Ltd ARI Holdco Inc. PDP Holdings, Inc. AIU Management Services Limited ARI Insurance Company Pedigree Livestock Insurance Limited AmCafe LLC ARI Services, Inc. Pitcher & Doyle, ULC AmCom Insurance Services, Inc. Associated Industries Insurance Company, Inc. Plutus Holdings Gamma LLC AMT Agency Holdings, Inc. Assure Space, LLC Primero Seguros, S.A. de C.V. AMT Capital Alpha, LLC Automotive Assurance Group PT AmTrust Mobile Solutions Indonesia Holdings AMT Capital Holdings III S.A. Boca NW65, LLC REAF Holdings LLC AMT Capital Holdings S.A Builders & Tradesmen's Insurance Services Republic Companies, Inc. AMT Chronos S.A. Builders Insurance Services, LLC Republic Diversified Services, Inc. AMT Consumer Services, Inc. BusinessBlocks Technologies, Inc. Republic Fire and Casualty Insurance Company AMT Direct Title, LLC Canada Warranty Solutions, LLC Republic Group No. Two Company AMT Direct Services Holdings LLC Canyon State Auto Insurance Services, Inc. Republic Lloyds AMT do Brasil Holdings Limited Capital Alpha Holdings, LLC Republic Underwriters Insurance Company AMT Global, LLC Capital Oakland Holdings, LLC Republic-Vanguard Insurance Company AMT Global Realty Holdings LLC Car Care Pension Trustees Limited Right 2 Claim, Limited 13.7

21 NOTES TO FINANCIAL STATEMENTS AMT Home Protection Company Car Care Plan (Holdings) Limited Risk Services - Arizona Inc. AMT Investments, LLC Car Care Plan do Brasil Participacoes LTDA Risk Services - Nevada, Inc. AMT Mortgage Insurance Limited Car Care Plan GmbH Risk Services - Vermont, Inc AMT Mortgage Services Limited Car Care Plan Limited Risk Services (Bermuda) Ltd AMT NJ Realty LLC Car Care Plan Management Services Limited Risk Services (Hawaii) Ltd AMT NY Realty Holdings, LLC Caravan Security Storage Limited Risk Services, LLC AMT Plutus S.A. CLE Investments Limited Rock Run South, LLC AMT RE NY Holdings LLC CNH Capital Canada Insurance Agency Ltd Rocklin Sierra College AMT Road Services Corp CNH Industrial Insurance Agency Inc. RS Acquisition Holdco, LLC AMT Ventures Holdings LLC Commercial Care Plan Limited RS-AIF LLC AMT Warranty Corp. Composite Holdings Limited Security National Insurance Company AMT Warranty Corp of Canada, ULC Composite Assistance Limited Sequoia Indemnity Company AMT Warranty Solutions, Inc. Composite Legal Expenses Limited Sequoia Insurance Company AMTCS Holdings, Inc. Cord Holdings LLC Shanghai First Response Service Co. Ltd AmTrust Agency Holdings LLC CorePointe Insurance Agency, Inc. Signal Acquisition LLC AmTrust Agriculture Insurance Services, LLC CorePointe Insurance Company Signal Service Solutions, LLC AmTrust at Lloyd's Limited CPP Direct, LLC Southern Insurance Company AmTrust Bermuda I Ltd. CPP Florida, LLC Southern Underwriters Insurance Company AmTrust Bermuda II Ltd. CPP Travel, LLC Strongwood Risk Management Solutions, LLC AmTrust Bermuda III Ltd. CPP Warranties, LLC Technology Insurance Company, Inc. AmTrust Bermuda IV Ltd. DC Finest, LLC Tecprotec AVA Sdn. Bhd. AmTrust Captive Solutions Limited Dent Wizard Ventures Limited Tecprotec LLC AmTrust Cayman Reinsurance Company, Ltd. Dent Wizard (UK) Limited The CPP Insurance Agency, LLC AmTrust Claims Management SrL. Developers Surety and Indemnity Company The Finest Service Organization, LLC AmTrust Corporate Capital Limited Digital Care (Nordic) AB Tiger Capital, LLC AmTrust Corporate Member Limited Direct Reinsurance, Ltd TMI Solutions, LLC AmTrust Corporate Member Two Limited DMV Smart Repair Solutions Limited TN Investments LLC AmTrust E&S Insurance Services, Inc. Dore & Associates Holdings Limited ToCo Warranty Corp. AmTrust Equity Solutions Ltd Dore Underwriting Services Limited Total Program Management, LLC AmTrust Europe Legal Ltd DSSA Warranty Danýþmanlýk Anonim Þiriketi Unified Grocers Insurance Services AmTrust Europe Limited Eagle General Agency, Inc. United Underwriting Agency, Inc. AmTrust France SAS East Ninth & Superior, LLC Vemeco, Inc AmTrust Gestion Bolivia S.R.L. Finagra (UK) Limited Vista Surety Insurance Solutions, LLC AmTrust Gestion Paraguay S.A. Finagra USA Inc. Warrantech Automotive of Canada, Inc AmTrust Gestion Peru S.A.C. First Nationwide 1031 LLC Warrantech Automotive of Florida, Inc AmTrust Financial Services, Inc First Nationwide Title Agency LLC Warrantech Automotive, Inc AmTrust Holdings Luxembourg - Europe S.a.r.l. First Nationwide Title Agency of Texas, LLC Warrantech Caribbean, LTD AmTrust Holdings Luxembourg S.A.R.L. First NonProfit Companies Warrantech Consumer Product Services, Inc AmTrust Holding Sweden Europe AB First Nonprofit Insurance Agency Warrantech Corporation AmTrust Insurance Agency Italy S.r.l. First Nonprofit Insurance Company Warrantech Direct, Inc AmTrust Insurance Company of Kansas, Inc. First Nonprofit Unemployment Administration Warrantech Home Assurance Company Company, LLC AmTrust Insurance Luxembourg S.A. FSO2 LLC Warrantech Home Service Company AmTrust Insurance Spain, S.L.U. Gadget Repair Solutions Limited Warrantech International, de Chile AmTrust International Bermuda Ltd. Georgia Dealer Consulting, Inc. Warrantech International, Inc AmTrust International Insurance, LTD Heritage Indemnity Company Warrantech Management Company AmTrust International Limited Heritage Mechanical Breakdown Corporation Warrantech Peru SRL AmTrust International Underwriters Limited I.G.I. Administration Services Limited Warranty Solutions Administrative Services, Inc. AmTrust Ireland Holdings (UK) Limited I.G.I. Intermediaries Limited Warranty Solutions Management Corporation AmTrust Ireland Holdings II Limited Indemnity Company of California WCPS of Florida Inc AmTrust Italia S.R.L. Insco Insurance Services, Inc. Wesco Insurance Company AmTrust Lloyd's Holdings Limited Integrated Alpha, LLC Westlake Insurance Company (Bermuda), Ltd. AmTrust Management & Consultancy (China) Co., LAE Insurance Services, Inc Westport Reinsurance Limited Ltd. AmTrust Management Services Limited Lion Capital Alpha, LLC Westside Parkway GA, LLC AmTrust Mobile Solutions India Holdings Private Lion Capital Beta, LLC WHSC Direct Inc Limited AmTrust Mobile Solutions Malaysia Holdings Sdn Mayfield Agency Bidco Inc. WS Aftermarket Services Corporation Bhd AmTrust Mobile Solutions Malaysia Sdn.Bhd Mayfield Agency Borrower Inc. AmTrust Mobile Solutions Philippines Inc. Mayfield Agency Midco Inc. 2. The manner in which the Board of Directors sets forth for allocating the consolidated federal income tax: The method of allocation among companies is subject to a written agreement, approved by the Board of Directors, whereby allocation is made primarily on a separate return basis with current credit for any net operating losses or other items utilized in the consolidated tax return. Intercompany tax balances are settled quarterly. G. Federal or Foreign Federal Income Tax Loss Contingencies: The Company does not have any tax loss contingencies for which it is reasonably possible that the total liability will significantly increase within twelve months of the reporting date. Note 10 Information Concerning Parent, Subsidiaries, Affiliates and Other Related Parties A. Nature of the Relationship Involved 13.8

22 NOTES TO FINANCIAL STATEMENTS The Company is a member of a holding company group, as disclosed on Schedule Y Part 1 of this statement. B. Transactions For the year ending December 31, 2017, the following investment securities were purchased and sold between affiliates at market value: Date Name of Security Cusip No. Cost/Consideration Par Company Acquiring Security Company Disposing Security 03/24/17 FNMA Pass Thru 31418C-EU-4 $ 1,405,632 $ 1,377,965 AmTrust International Insurance Ltd 04/04/17 Bunge LTD Finance Co AT-7 $ 2,268,184 $ 2,000,000 Technology Insurance Company 04/24/17 Connecticut St HSG Fin Auth Multifamily 20775C-RY-2 $ 616,506 $ 600,000 Sequoia Insurance Company 05/01/17 Shell International Fin BD-3 $ 1,525,361 $ 1,500,000 Wesco Insurance Company 05/04/17 Electricite De France SA PVT 144A AS-3 $ 737,729 $ 725,000 AmTrust International Insurance Ltd 05/08/17 Shell International Fin BD-3 $ 406,159 $ 400,000 Security National Insurance Company 05/10/17 CVS Caremark Corp CL-2 $ 2,894,397 $ 2,800,000 Wesco Insurance Company 05/18/17 US Treasury N/B Notes W8-9 $ 811,787 $ 810,000 Security National Insurance Company C. Dollar Amounts of Transactions The dollar amount of current year transactions are disclosed on Schedule Y Part 2 of the Annual Statement. D. Amounts Due From or To Related Parties At December 31, 2017, the Company reported payables to parent, subsidiaries, and affiliates in the amount of $1,080,034, which represents Services Agreement transactions and accounts payable invoices paid on behalf of the Company. These are settled when cash is available. E. Guarantees or Undertakings The Company does not have any guarantees or undertakings for related parties. F. Material Management or Service Contracts and Cost-Sharing Arrangements The Company has an Intercompany Management Agreement with AmTrust North America (ANA), an affiliate, in which ANA provides certain management services and is reimbursed by the Company for direct and shared expenses. The Company has a Tax Allocation Agreement with AmTrust Financial Services, Inc (AFS), the Parent, which is described in Note 9F. G. Nature of the Control Relationship The Company is owed by AmTrust Financial Services, Inc. All outstanding shares of the Company are owned by the Parent and the nature of the relationship would not affect operations. H. Amount Deducted from the Value of Upstream Intermediate Entity or Ultimate Parent Owned The Company owns no shares of stock of its ultimate parent company, AmTrust Financial Services, Inc. I. Investments in SCA that Exceed 10% of Admitted Assets The Company has no investments in an SCA entity. J. Investments in Impaired SCAs The Company has no impaired write-downs for SCA entities. K. Investment in Foreign Insurance Subsidiary The Company has no investments in foreign insurance subsidiaries. L. Investment in Downstream Noninsurance Holding Company The Company has no downstream non-insurance holding companies. M. All SCA Investments The Company has no investments in an Subsidiary, Controlled, or Affiliated entity. N. Investment in Insurance SCAs The Company has no investments in an Insurance Subsidiary, Controlled, or Affiliated entity. Note 11 Debt Note 12 Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other Postretirement Benefit Plans A. Defined Benefit Plan The Company has no defined benefit plans or post retirement health care benefit plans. B. Investment Policies and Strategies 13.9

23 NOTES TO FINANCIAL STATEMENTS C. Fair Value of Plan Assets D. Basis Used to Determine Expected Long-Term Rate-of-Return E. Defined Contribution Plans F. Multiemployer Plans G. Consolidated/Holding Company Plans The Parent maintains a 401(K) defined contribution benefit plan that covers substantially all employees. The Parent makes discretionary employer contributions on a variable matching basis. The Parent contributes 50% per employee dollar, up to a maximum of 3% of the employee's annual wage. The Company has no legal obligation for benefits under these arrangements. H. Postemployment Benefits and Compensated Absences I. Impact of Medicare Modernization Act on Postretirement Benefits (INT 04-17) Note 13 Capital and Surplus, Dividend Restrictions and Quasi-Reorganizations (1) Number of Share and Par or State Value of Each Class The Company has 25,000 shares of common stock Class A with a $120 par value authorized, issued and outstanding and 5,000 shares of common stock Class B with a $0.01 par value authorized, but not issued and outstanding. The Company has no preferred stock authorized, issued or outstanding. (2) Dividend Rate, Liquidation Value and Redemption Schedule of Preferred Stock Issues The Company has no preferred stock. (3) Dividend Restrictions The maximum amount of dividends allowed to be paid by the company to shareholders without prior approval of the Insurance Commissioner is $0, which is subject to the following restrictions. The Company does not have positive earned surplus. a) No title insurance corporation shall declare or pay any cash or property dividend on its captial shares, or declare or distribute a stock dividend except out of earned surplus, meaning, for the purpose of this section, surplus not attributable to contributions made to surplus within five years next preceeding or to appreciation in value of investments not sold or otherwise disposed of. b) No such corporation shall declare or pay any cash or property dividend to shareholders which, together with all such dividends declared or paid by it during the next preceeding twelve months, exceeds ten percent of its then outstanding capital shares unless, after deducting such dividends, it has a surplus to policyholders at least equal to fifty percent of its reinsurance reserve or a surplus at least equal to fifty percent of the minimum capital required of such insurer to transact the business of title insurance, whichever shall be greater. For the purpose of this section, "surplus" means the amount of the insurer's admitted assets in excess of (i) all of its liabilities, including is reinsurance reserve, and (ii) its outstanding capital shares. c) No such corporation shall declare or distribute any stock dividend which shall reduce surplus to an amount less than fifty percent of its then outstanding capital shares. (4) Dates and Amounts of Dividends Paid The Company did not pay any ordinary or extraordinary dividends in (5) Profits that may be Paid as Ordinary Dividends to Stockholders Within the limitations of (3) above, there would need to be enough profits to exceed the negative earned surplus of the preceeding 5 years and critieria (b) and (c) would need to be met. (6) Restrictions Plans on Unassigned Funds (Surplus) There were no restrictions placed on the Company's unassigned funds (surplus). (7) Amount of Advances to Surplus not Repaid The Company had no advances to surplus not repaid. (8) Amount of Stock Held for Special Purposes The Company does not have stock held for special purposes. (9) Reasons for Changes in Balance of Special Surplus Funds from Prior Period 13.10

24 NOTES TO FINANCIAL STATEMENTS The Company has no special surplus funds. (10) The Portion of Unassigned Funds (Surplus) Represented or Reduced by Unrealized Gains and Losses is: $0. (11) The Reporting Entity Issued the Following Surplus Debentures or Similar Obligations The Company has not issued any surplus debentures or similar obligations. (12) The impact of any restatement due to prior quasi-reorganizations is as follows The Company has no had prior quasi-reorganizations; therefore, there is no impact of any restatement. (13) Effective Date of Quasi-Reorganization for a Period of Ten Years Following Reorganization The Company has no had prior quasi-reorganizations within the past ten years. Note 14 Liabilities, Contingencies and Assessments A. Contingent Commitments The Company has no commitments or contingent commitments to any SCA entity, joint venture, partnership, or limited liability company. B. Assessments The Company has had no material assessments. C. Gain Contingencies D. Claims Related Extra Contractual Obligation and Bad Faith Losses Stemming from Lawsuits paid the following amounts in the reporting period to settle claims related extra contractual obligations or bad faith claims stemming from lawsuits: Direct Claims related ECO and bad faith losses paid during the reporting period $ 0 Number of claims where amounts were paid to settle claims related extra contractual obligations or bad faith claims resulting from lawsuits during the reporting period: (a) 0-25 Claims (b) Claims (c) Claims (d) Claims (e) More than 500 Claims X Indicate whether claim count information is disclosed per claim or per claimant: (f) Per Claim [ ] (g) Per Claimant [ X ] E. Joint and Several Liabilities F. All Other Contingencies The Company is not aware of any material contingencies as of the reporting date. Note 15 Leases A. Lessee Operating Lease B. Lessor Leases Note 16 Information about Financial Instruments with Off-Balance Sheet Risk and Financial Instruments with Concentrations of Credit Risk The Company has no exposure to financial instruments with off-balance sheet risk and financial instruments with concentrations of credit risk as of December 31, Note 17 Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities A. Transfers of Receivables Reported as Sales Not applicable B. Transfer and Servicing of Financial Assets Not applicable C. Wash Sales 13.11

25 NOTES TO FINANCIAL STATEMENTS Note 18 Gain or Loss to the Reporting Entity from Uninsured Plans and the Portion of Partially Insured Plans Note 19 Direct Premium Written/Produced by Managing General Agents/Third Party Administrators Note 20 Fair Value Measurements A. Fair Value Measurements (1) Fair Value Measurements at Reporting Date The Company has categorized its assets and liabilities that are measured at fair value into the three-level fair value hierarchy as referenced in the table below. The three-level fair value hierarchy is based on the degree of subjectivity inherent in the valuation method by which fair value was determined. The three-levels are defined as follows: Level 1 -- Quoted prices in Active Market for Identical Assets and Liabilities: This category, for items measured at fair value on the recurring basis, includes exchange-traded bonds and U.S. government securities. The estimated fair value of the securities within this category are based on quoted prices in active markets and are thus classified as Level 1. Leve 2 -- Significant Other Observable Inputs: This category for items measured at fair value on recurring basis may include bonds which are not exchange-traded. The estimated fair values of some of these items were determined by independent pricing services using observable inputs. Level 3 -- Significant Unobservable Inputs: This category for items measured at fair value on recurring basis and may include investment partnerships and other investments with unobservable inputs. The estimated fair value is determined by the investment manager. Level 1 Level 2 Level 3 Total Net Asset Value (NAV) Included in Level 2 Assets at Fair Value Cash $ 3,648,455 $ $ $ 3,648,455 $ Total $ 3,648,455 $ $ $ 3,648,455 $ Liabilities at Fair Value $ $ $ $ $ Total $ $ $ $ $ (2) Fair Value Measurements in (Level 3) of the Fair Value Hierarchy Beginning Balance at 1/1/2017 Transfers Into Level 3 Transfers Out of Level 3 Total Gains and (Losses) Included in Net Income Total Gains and (Losses) Included in Surplus Purchases Issuances Sales a. Assets $ $ $ $ $ $ $ $ $ $ Total $ $ $ $ $ $ $ $ $ $ b. Liabilities $ $ $ $ $ $ $ $ $ $ Total $ $ $ $ $ $ $ $ $ $ (3) Policies when Transfers Between Levels are Recognized The Company has no assets or liabilities measured at fair value in the Level 3 category. (4) Description of Valuation Techniques and Inputs Used in Fair Value Measurement Settlements Ending Balance at 12/31/2017 Bonds carried at fair value categorized as Level 2 were valued using a market approach. These valuations were determined to be Level 2 valuations as quoted market prices for similar instruments in an active market were utilized. This was accomplished by the use of matrix pricing. Matrix pricing takes quoted prices of bonds with similar features and applies analytic methods to determine the fair value of bonds held. Feature that are inputs into the analysis include duration, credit quality, tax status and call and sinking fund features. (5) Fair Value Disclosures B. Fair Value Reporting under SSAP 100 and Other Accounting Pronouncements C. Fair Value Level Type of Financial Instrument Aggregate Fair Value Admitted Assets (Level 1) (Level 2) (Level 3) Not Practicable (Carrying Value) Net Asset Value (NAV) Included in Level 2

26 NOTES TO FINANCIAL STATEMENTS BONDS $ 18,047,777 $ 18,097,245 $ 1,292,207 $ 16,755,570 $ $ $ D. Not Practicable to Estimate Fair Value Type of Class or Financial Instrument Carrying Value Effective Interest Rate Maturity Date Explanation $ % Note 21 Other Items A. Unusual or Infrequent Items B. Troubled Debt Restructuring Debtors C. Other Disclosures D. Business Interruption Insurance Recoveries E. State Transferable and Non-Transferable Tax Credits F. Subprime Mortgage Related Risk Exposure G. Insurance-Linked Securities (ILS) Contracts Note 22 Events Subsequent The Company has considered susequent events through 02/23/2018 for the statement issued on 02/28/2018. The Company has no subsequent events to report. Note 23 Reinsurance A. Unsecured Reinsurance Recoverables The Company does not have any reinsurers with unsecured reinsurance recoverables that exceed 3% of policyholder's surplus. B. Reinsurance Recoverable in Dispute The Company does not have any reinsurance recoverable in dispute for paid losses and loss adjustment expenses. C. Reinsurance Assumed and Ceded (1) Return Commission Assumed Reinsurance Ceded Reinsurance Net Premium Reserve Commission Equity Premium Reserve Commission Equity Premium Reserve Commission Equity a. Affiliates $ 3,127 $ $ $ $ 3,127 $ b. All Other c. Total $ 3,127 $ $ $ $ 3,127 $ d. Direct Unearned Premium Reserves $ 1,047,258 (2) Additional or Return Commission Direct Assumed Ceded Net a. Contingent commission $ $ $ $ b. Sliding scale adjustments c. Other profit commission arrangements d. Total $ $ $ $ D. Uncollectible Reinsurance 13.13

27 NOTES TO FINANCIAL STATEMENTS The Company has not written off any balances in the current year related to reinsurance balances due. E. Commutation of Ceded Reinsurance The Company has reported in its operations in the current year as a result of commutation of reinsurance with the companies listed below, amounts that are reflected as: a. Losses incurred $ b. Loss adjustment expenses incurred $ c. Premiums earned $ (61,200) d. Other $ Company Amount LLOYD'S SYNDICATE NUMBER 623 $ (3,195) LLOYD'S SYNDICATE NUMBER 1084 $ (10,404) LLOYD'S SYNDICATE NUMBER 1458 $ (10,404) LLOYD'S SYNDICATE NUMBER 2623 $ (14,553) LLOYD'S SYNDICATE NUMBER 2987 $ (18,360) LLOYD'S SYNDICATE NUMBER 4020 $ (4,284) F. Retroactive Reinsurance G. Reinsurance Accounted for as a Deposit H. Certified Reinsurer Rating Downgraded or Status Subject to Revocation Note 24 Retrospectively Rated Contracts and Contracts Subject to Redetermination Note 25 Change in Incurred Losses and Loss Adjustment Expenses A. Change in Incurred Losses and Loss Adjustment Expenses Reserves as of December 31, 2017 were $149,649 compared to $125,706 as of December 31, During 2017, $88,220 has been paid for incurred losses and loss adjustment expenses attributable to insured events in prior years. The full balance of the reserve is attributable to prior years with $95,219 related to one claim, which made up all of the balance as of The additional reserves are related to 2 claims from policy year B. Information about Significant Changes in Methodologies and Assumptions No change from prior years. Note 26 Intercompany Pooling Arrangements Note 27 Structured Settlements The Company has not entered into any structured settlements as of December 31, Note 28 Supplemental Reserves The Company does not use discounting in the calculation of its supplemental reserve

28 GENERAL INTERROGATORIES PART 1 - COMMON INTERROGATORIES GENERAL 1.1 Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or more of which is an insurer? Yes [ X ] No [ ] If yes, complete Schedule Y, Parts 1, 1A and If yes, did the reporting entity register and file with its domiciliary State Insurance Commissioner, Director or Superintendent or with such regulatory official of the state of domicile of the principal insurer in the Holding Company System, a registration statement providing disclosure substantially similar to the standards adopted by the National Association of Insurance Commissioners (NAIC) in its Model Insurance Holding Company System Regulatory Act and model regulations pertaining thereto, or is the reporting entity subject to standards and disclosure requirements substantially similar to those required by such Act and regulations? Yes [ X ] No [ ] N/A [ ] 1.3 State regulating? New York 2.1 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 [ X ] No [ ] 2.2 If yes, date of change: 04/03/ State as of what date the latest financial examination of the reporting entity was made or is being made. 12/31/ 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. 12/31/ 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). 03/06/ By what department or departments? New York State Department of Financial Services 3.5 Have all financial statement adjustments within the latest financial examination report been accounted for in a subsequent financial statement filed with departments? Yes [ ] No [ ] N/A [ X ] 3.6 Have all of the recommendations within the latest financial examination report been complied with? Yes [ X ] No [ ] N/A [ ] 4.1 During the period covered by this statement, did any agent, broker, sales representative, non-affiliated sales/service organization or any combination thereof under common control (other than salaried employees of the reporting entity) receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of: 4.11 sales of new business? Yes [ ] No [ X ] 4.12 renewals? Yes [ ] No [ X ] 4.2 During the period covered by this statement, did any sales/service organization owned in whole or in part by the reporting entity or an affiliate, receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of: 4.21 sales of new business? Yes [ X ] No [ ] 4.22 renewals? Yes [ ] No [ X ] 5.1 Has the reporting entity been a party to a merger or consolidation during the period covered by this statement? Yes [ ] No [ X ] 5.2 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. 1 Name of Entity 2 NAIC Company Code 3 State of Domicile 6.1 Has the 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 ] 6.2 If yes, give full information: 7.1 Does any foreign (non-united States) person or entity directly or indirectly control 10% or more of the reporting entity? Yes [ ] No [ X ] 7.2 If yes, 7.21 State the percentage of foreign control % 7.22 State the nationality(s) of the foreign person(s) or entity(s); or if the entity is a mutual or reciprocal, the nationality of its manager or attorney-in-fact and identify the type of entity(s) (e.g., individual, corporation, government, manager or attorney-in-fact). 1 Nationality 2 Type of Entity 8.1 Is the company a subsidiary of a bank holding company regulated with the Federal Reserve Board? Yes [ ] No [ X ] 8.2 If response to 8.1 is yes, please identify the name of the bank holding company. 8.3 Is the company affiliated with one or more banks, thrifts or securities firms? Yes [ ] No [ X ] 8.4 If the response to 8.3 is yes, please provide below the names and locations (city and state of the main office) of any affiliates regulated by a federal financial 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. 1 Affiliate Name 2 Location (City, State) 3 FRB 4 OCC 5 FDIC 6 SEC 9. What is the name and address of the independent certified public accountant or accounting firm retained to conduct the annual audit? KPMG LLP, 345 Park Ave, NY, NY Has the insurer been granted any exemptions to the prohibited non-audit services provided by the certified independent public accountant requirements as allowed in Section 7H of the Annual Financial Reporting Model Regulation (Model Audit Rule), or substantially similar state law or regulation? Yes [ ] No [ X ] 10.2 If the response to 10.1 is yes, provide information related to this exemption: 10.3 Has the insurer been granted any exemptions related to other requirements of the Annual Financial Reporting Model Regulation as allowed for in Section 18A of the Model Regulation, or substantially similar state law or regulation? Yes [ ] No [ X ] 10.4 If the response to 10.3 is yes, provide information related to this exemption: 10.5 Has the reporting entity established an Audit Committee in compliance with the domiciliary state insurance laws? Yes [ X ] No [ ] N/A [ ] 10.6 If the response to 10.5 is no or n/a, please explain: 14

29 GENERAL INTERROGATORIES PART 1 - COMMON INTERROGATORIES 11. What is the name, address and affiliation (officer/employee of the reporting entity or actuary/consultant associated with an actuarial consulting firm) of the individual providing the statement of actuarial opinion/certification? Ronald T Kuehn Huggins Actuarial Services, Inc. 111 Veterans Square, 2nd Floor Media, PA Does the reporting entity own any securities of a real estate holding company or otherwise hold real estate indirectly? Yes [ ] No [ X ] Name of real estate holding company Number of parcels involved Total book/adjusted carrying value $ If yes, provide explanation 13. FOR UNITED STATES BRANCHES OF ALIEN REPORTING ENTITIES ONLY: 13.1 What changes have been made during the year in the United States manager or the United States trustees of the reporting entity? 13.2 Does this statement contain all business transacted for the reporting entity through its United States Branch on risks wherever located? Yes [ ] No [ ] 13.3 Have there been any changes made to any of the trust indentures during the year? Yes [ ] No [ ] 13.4 If answer to (13.3) is yes, has the domiciliary or entry state approved the changes? Yes [ ] No [ ] N/A [ ] 14.1 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) (b) (c) (d) (e) Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity; Compliance with applicable governmental laws, rules and regulations; The prompt internal reporting of violations to an appropriate person or persons identified in the code; and Accountability for adherence to the code If the response to 14.1 is no, please explain: 14.2 Has the code of ethics for senior managers been amended? Yes [ ] No [ X ] If the response to 14.2 is yes, provide information related to amendment(s) Have any provisions of the code of ethics been waived for any of the specified officers? Yes [ ] No [ X ] If the response to 14.3 is yes, provide the nature of any waiver(s) Is the reporting entity the beneficiary of a Letter of Credit that is unrelated to reinsurance where the issuing or confirming bank is not on the SVO Bank List? Yes [ ] No [ X ] 15.2 If the response to 15.1 is yes, indicate the American Bankers Association (ABA) Routing Number and the name of the issuing or confirming bank of the Letter of Credit and describe the circumstances in which the Letter of Credit is triggered. 1 American Bankers Association (ABA) Routing Number 2 Issuing or Confirming Bank Name BOARD OF DIRECTORS 3 Circumstances That Can Trigger the Letter of Credit 16. Is the purchase or sale of all investments of the reporting entity passed upon either by the Board of Directors or a subordinator committee thereof? Yes [ X ] No [ ] 17. Does the reporting entity keep a complete permanent record of the proceedings of its Board of Directors and all subordinate committees thereof? Yes [ X ] No [ ] 18. Has the reporting entity an established procedure for disclosure to its Board of Directors or trustees of any material interest or affiliation on the part of any of its officers, directors, trustees or responsible employees that is in conflict or is likely to conflict with the official duties of such person? Yes [ X ] No [ ] FINANCIAL 19. Has this statement been prepared using a basis of accounting other than Statutory Accounting Principles (e.g., Generally Accepted Accounting Principles)? Yes [ ] No [ X ] 20.1 Total amount loaned during the year (inclusive of Separate Accounts, exclusive of policy loans): To directors or other officers $ To stockholders not officers $ Trustees, supreme or grand (Fraternal only) $ Total amount of loans outstanding at the end of year (inclusive of Separate Accounts, exclusive of policy loans): To directors or other officers $ To stockholders not officers Trustees, supreme or grand (Fraternal only) Were any assets reported in this statement subject to a contractual obligation to transfer to another party without the liability for such obligation being reporting in the statement? Yes [ ] No [ X ] 21.2 If yes, state the amount thereof at December 31 of the current year: Rented from others $ Borrowed from others $ Leased from others $ Other $ Does this statement include payments for assessments as described in the Annual Statement Instructions other than guaranty fund or guaranty association assessments? Yes [ ] No [ X ] 22.2 If answer is yes: Amount paid as losses or risk adjustment $ Amount paid as expenses $ Other amounts paid $ Does the reporting entity report any amounts due from parent, subsidiaries or affiliates on Page 2 of this statement? Yes [ ] No [ X ] 23.2 If yes, indicate any amounts receivable from parent included in the Page 2 amount: $ 0 INVESTMENT $ 4 Amount 14.1

30 GENERAL INTERROGATORIES PART 1 - COMMON INTERROGATORIES Were all the stocks, bonds and other securities owned December 31 of current year, over which the reporting entity has exclusive control, in the actual possession of the reporting entity on said date (other than securities lending programs addressed in 24.03)? Yes [ X ] No [ ] If no, give full and complete information, relating thereto: For security lending programs, provide a description of the program including value for collateral and amount of loaned securities, and whether collateral is carried on or off-balance sheet (an alternative is to reference Note 17 where this information is also provided) Does the company s security lending program meet the requirements for a conforming program as outlined in the Risk-Based Capital Instructions? Yes [ ] No [ ] N/A [ X ] If answer to is yes, report amount of collateral for conforming programs. $ If answer to is no, report amount of collateral for other programs $ Does your securities lending program require 102% (domestic securities) and 105% (foreign securities) from the counterparty at the outset of the contract? Yes [ ] No [ ] N/A [ X ] Does the reporting entity non-admit when the collateral received from the counterparty falls below 100%? Yes [ ] No [ ] N/A [ X ] Does the reporting entity or the reporting entity s securities lending agent utilize the Master Securities Lending Agreement (MSLA) to conduct securities lending? Yes [ ] No [ ] N/A [ X ] For the reporting entity's security lending program, state the amount of the following as of December 31 of the current year: Total fair value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2: $ Total book adjusted/carrying value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2: $ Total payable for securities lending reported on the liability page: $ Were any of the stocks, bonds or other assets of the reporting entity owned at December 31 of the current year not exclusively under the control of the reporting entity or has the reporting entity sold or transferred any assets subject to a put option contract that is current in force? (Exclude securities subject to Interrogatory 21.1 and ) Yes [ X ] No [ ] 25.2 If yes, state the amount thereof at December 31 of the current year: Subject to repurchase agreements $ Subject to reverse repurchase agreements $ Subject to dollar repurchase agreements $ Subject to reverse dollar repurchase agreements $ Placed under option agreements $ Letter stock or securities restricted as sale excluding FHLB Capital Stock $ FHLB Capital Stock $ On deposit with states $ 4,469, On deposit with other regulatory bodies $ Pledged as collateral excluding collateral pledged to an FHLB $ Pledged as collateral to FHLB including assets backing funding agreements $ Other $ For category (25.26) provide the following: 1 Nature of Restriction 2 Description 26.1 Does the reporting entity have any hedging transactions reported on Schedule DB? Yes [ ] No [ X ] 26.2 If yes, has a comprehensive description of the hedging program been made available to the domiciliary state? Yes [ ] No [ ] N/A [ X ] If no, attach a description with this statement Were any preferred stocks or bonds owned as of December 31 of the current year mandatorily convertible into equity, or, at the option of the issuer, convertible into equity? Yes [ ] No [ X ] 27.2 If yes, state the amount thereof at December 31 of the current year: $ Excluding items in Schedule E-Part 3-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 1, III - General Examination Considerations, F. Outsourcing of Critical Functions, Custodial or Safekeeping Agreements of the NAIC Financial Condition Examiners Handbook? Yes [ X ] No [ ] For agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook, complete the following: 1 Name of Custodian(s) 2 Custodian's Address JPMorgan Chase Chase MetroTech Center, Brooklyn, NY 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 1 Name(s) 2 Location(s) 3 Complete Explanation(s) $ 3 Amount Have there been any changes, including name changes, in the custodian(s) identified in during the current year? Yes [ ] No [ X ] If yes, give full and complete information relating thereto: 1 Old Custodian 2 New Custodian 3 Date of Change 4 Reason Investment management Identify all investment advisors, investment managers, broker/dealers, including individuals that have the authority to make investment decisions on behalf of the reporting entity. For assets that are managed internally by employees of the reporting entity, note as such. [" that have access to the investment accounts", " handle securities"]. Nathan Hasson - AmTrust Financial Services, Inc (Parent) Albert Hasson - AmTrust Financial Services, Inc (Parent) Todd Jaeger - AmTrust Financial Services, Inc (Parent) 1 Name of Firm or Individual 2 Affiliation A A A 14.2

31 GENERAL INTERROGATORIES PART 1 - COMMON INTERROGATORIES Josh Notkin - AmTrust Financial Services, Inc (Parent) John Kepner - AmTrust Financial Services, Inc (Parent) Larry Heller - AmTrust Financial Services, Inc (Parent) For those firms/individuals listed in the table for Question 28.05, do any firms/individuals unaffiliated with the reporting entity (i.e. designated with a "U") manage more than 10% of the reporting entity's assets? Yes [ ] No [ X ] For firms/individuals unaffiliated with the reporting entity (i.e. designated with a "U") listed in the table for Question 28.05, does the total assets under management aggregate to more than 50% of the reporting entity's assets? Yes [ ] No [ X ] For those firms or individuals listed in the table for with an affiliation code of "A" (affiliated) or "U" (unaffiliated), provide the information for the table below Central Registration Depository Number Name of Firm or Individual Legal Entity Identifier (LEI) Nathan Hasson - AmTrust Financial Services, Inc (Parent) Albert Hasson - AmTrust Financial Services, Inc (Parent) Todd Jaeger - AmTrust Financial Services, Inc (Parent) Josh Notkin - AmTrust Financial Services, Inc (Parent) John Kepner - AmTrust Financial Services, Inc (Parent) Larry Heller - AmTrust Financial Services, Inc (Parent) A A A Registered With Investment Management Agreement (IMA) Filed 29.1 Does the reporting entity have any diversified mutual funds reported in Schedule D-Part 2 (diversified according to the Securities and Exchange Commission (SEC) in the Investment Company Act of 1940 [Section 5 (b) (1)])? Yes [ ] No [ X ] 29.2 If yes, complete the following schedule: 1 CUSIP 2 Name of Mutual Fund TOTAL $ 29.3 For each mutual fund listed in the table above, complete the following schedule: 1 Name of Mutual Fund (from above table) 2 Name of Significant Holding of the Mutual Fund 3 Amount of Mutual Fund s Book/Adjusted Carrying Value Attributable to the Holding 30. Provide the following information for all short-term and long-term bonds and all preferred stocks. Do not substitute amortized value or statement value for fair value. 1 Statement (Admitted) Value 2 $ Fair Value $ DS DS DS DS DS DS 3 Book/Adjusted Carrying Value 4 Date of Valuation 3 Excess of Statement over Fair Value (-), or Fair Value over Statement (+) 30.1 Bonds $ 18,097,245 $ 18,047,778 $ (49,467) 30.2 Preferred Stocks $ 0 $ 0 $ Totals $ 18,097,245 $ 18,047,778 $ (49,467) 30.4 Describe the sources or methods utilized in determining the fair values: Intercontinental Exchange (Interactive Data Corporation) 31.1 Was the rate used to calculate fair value determined by a broker or custodian for any of the securities in Schedule D? Yes [ X ] No [ ] 31.2 If the answer to 31.1 is yes, does the reporting entity have a copy of the broker s or custodian s pricing policy (hard copy or electronic copy) for all brokers or custodians used as a pricing source? Yes [ X ] No [ ] 31.3 If the answer to 31.2 is no, describe the reporting entity s process for determining a reliable pricing source for purposes of disclosure of fair value for Schedule D: 32.1 Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Investment Analysis Office been followed? Yes [ X ] No [ ] 32.2 If no, list exceptions: 33. By self-designating 5*GI securities, the reporting entity is certifying the following elements for each self-designation 5*GI security: a. Documentation necessary to permit a full credit analysis of the security does not exist. b. Issuer or obligor is current on all contracted interest and principal payments. c. The insurer has an actual expectation of ultimate payment of all contracted interest and principal. Has the reporting entity self-designated 5*GI securities? Yes [ ] No [ X ] OTHER 34.1 Amount of payments to trade associations, service organizations and statistical or rating bureaus, if any? $ 73, List the name of the organization and the amount paid if any such payment represented 25% or more of the total payments to trade associations, service organizations and statistical or rating bureaus during the period covered by this statement. 1 Name 2 Amount Paid DEMOTECH $ 20, Amount of payments for legal expenses, if any? $ 76, List the name of the firm and the amount paid if any such payment represented 25% or more of the total payments for legal expenses during the period covered by this statement. 1 Name 2 Amount Paid CARLTON FIELDS JORDEN BURT PA $ 49,

32 GENERAL INTERROGATORIES PART 1 - COMMON INTERROGATORIES 36.1 Amount of payments for expenditures in connection with matters before legislative bodies, officers or departments of government, if any? $ List the name of the firm and the amount paid if any such payment represented 25% or more of the total payment expenditures in connection with matters before legislative bodies, officers or departments of government during the period covered by this statement. 1 Name $ 2 Amount Paid 14.4

33 GENERAL INTERROGATORIES (continued) PART 2 - TITLE INTERROGATORIES 1. Did any persons while an officer, director, trustee or employee of the company receive directly or indirectly, during the period covered by this statement, any compensation in addition to his/her regular compensation on account of the reinsurance transactions of the reporting entity? Yes [ ] No [ X ] 2. Largest net aggregate amount insured in any one risk. $...2,000, Has this reporting entity reinsured any risk with any other 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 ] 3.2 If yes, give full information: 4. If the reporting entity has assumed risk from another entity, there should be charged on account of such reinsurances a reserve equal to that which the original entity would have been required to charge had it retained the risks. Has this been done? Yes [ X ] No [ ] 5.1 Has this reporting entity guaranteed policies issued by any other entity and now in force? Yes [ ] No [ X ] 5.2 If yes, give full information: 6. Uncompleted building construction loans: 6.1 Amount already loaned $ Balance to be advanced $ Total amount to be loaned $ Does the reporting entity issue bonds secured by certificates of participation in building construction loans prior to the completion of the buildings? Yes [ ] No [ X ] 7.2 If yes, give total amount of such bonds or certificates of participation issued and outstanding What is the aggregate amount of mortgage loans owned by the reporting entity which consist of co-ordinate interest in first liens? $ Reporting entity assets listed on Page 2 include the following segregated assets of the Statutory Premium Reserve or other similar statutory reserves: 9.11 Bonds $ Short-term investments $ Mortgages $ Cash $ Other admissible invested assets $ Total $ List below segregate funds held for others by the reporting entity, set apart in special accounts and excluded form entity assets and liabilities. (These funds are also included in Schedule E-Part 1D Summary, and the "From Separate Accounts, Segregated Accounts and Protected Cell Accounts" line on Page 2 except for escrow funds held by Title insurers.) 9.21 Custodial funds not included in this statement were held pursuant to the governing agreements of custody in the amount of: $...0 These funds consist of: 9.22 In cash on deposit $ Other forms of security $

34 Source of Direct Title Premiums Written (Part 1A) FIVE-YEAR HISTORICAL DATA Show amounts in whole dollars only, no cents; show percentages to one decimal place, i.e Direct operations (Part 1A, Line 1, Col. 1) , , Non-affiliated agency operations (Part 1A, Line 1, Col. 2) ,247, ,429, ,080, , Affiliated agency operations (Part 1A, Line 1, Col. 3) ,031, ,309, Total ,292, ,739, ,080, , ,260 Operating Income Summary (Page 4 & Part 1) 5. Premiums earned (Part 1B, Line 3) ,218, ,459, ,458, , , Escrow and settlement service charges (Part 1A, Line 2) Title examinations (Part 1A, Line 3) Searches and abstracts (Part 1A, Line 4) , Surveys (Part 1A, Line 5) Aggregate write-ins for service charges (Part 1A, Line 6) , , Other operating income (Page 4, Line 2) , Total operating income (Page 4, Line 3) ,624, ,462, ,458, , ,874 Statement of Income (Page 4) 13. Net operating gain or (loss) (Line 8)......(122,100)...(1,702,162)...(1,055,178)...(1,195,473)...(14,607) 14. Net investment gain or (loss) (Line 11) , , , ,328...(400) 15. Total other income (Line 12) Federal and foreign income taxes incurred (Line 14) ,437...(460,156)...(287,088)...(395,899) Net income (Line 15) ,592...(726,342)...(488,476)...(664,246)...(15,007) Balance Sheet Lines (Pages 2 and 3) 18. Title insurance premiums and fees receivable (Page 2, Line 15, Col. 3) , , , , Total admitted assets excluding segregated accounts (Page 2, Line 26, Col. 3) ,909, ,314, ,066, ,773, , Known claims reserve (Page 3, Line 1) , , , , Statutory premium reserve (Page 3, Line 2) ,050, , , , , Total liabilities (Page 3, Line 23) ,435, , ,041, , , Capital paid up (Page 3, Lines ) ,000, ,000, ,000, ,000, , Surplus as regards policyholders (Page 3, Line 32) ,474, ,319, ,024, ,538, ,533 Cash Flow (Page 5) 25. Net cash from operations (Line 11) ,365,916...(86,747)...(868,047)...(1,116,021)...(19,622) Percentage Distribution of Cash, Cash Equivalents and Invested Assets (Page 2, Col. 3) (Item divided by Page 2, Line 12, Col. 3) x Bonds (Line 1) Stocks (Lines 2.1 and 2.2) Mortgage loans on real estate (Lines 3.1 and 3.2) Real estate (Lines 4.1, 4.2 and 4.3) Cash, cash equivalents and short-term investments (Line 5) Contract loans (Line 6) Derivatives (Line 7) Other invested assets (Line 8) Receivables for securities (Line 9) Securities lending reinvested collateral assets (Line 10) Aggregate write-ins for invested assets (Line 11) Subtotals cash, cash equivalents and invested assets (Line 12) Investments in Parent, Subsidiaries and Affiliates 38. Affiliated bonds (Sch. D, Summary, Line 12, Col. 1) Affiliated preferred stocks (Sch. D, Summary, Line 18, Col. 1) Affiliated common stocks (Sch. D, Summary, Line 24, Col. 1) Affiliated short-term investments (subtotals included in Sch. DA, Ver., Col. 5, Line 10) Affiliated mortgage loans on real estate All other affiliated Total of above lines 38 to Total investment in parent included in Lines 38 to 43 above Percentage of investments in parent, subsidiaries and affiliates to surplus as regards policyholders (Line 45 above divided by Page 3, Line 32, Col. 1 x 100.0)

35 FIVE-YEAR HISTORICAL DATA (Continued) Capital and Surplus Accounts (Page 4) Net unrealized capital gains or (losses) (Line 18) Change in non-admitted assets (Line 21)......(52,139) (14,472)...(82,874) Dividends to stockholders (Line 28) (19,500)...(19,500) 50. Change in surplus as regards policyholders for the year (Line 31) , ,294,497...(513,529)...9,729,958...(34,507) Losses Paid and Incurred (Part 2A) 51. Net payments (Line 5, Col. 4) , , , Losses and allocated LAE incurred (Line 8, Col. 4) , , , Unallocated LAE incurred (Line 9, Col. 4) Losses and loss adjustment expenses incurred (Line 10, Col. 4) , , , Operating Expenses to Total Operating Income (Part 3)(%) (Line item divided by Page 4, Line 3 x 100.0) 55. Personnel costs (Part 3, Line 1.5, Col. 4) Amount paid to or retained by title agents (Part 3, Line 2, Col. 4) All other operating expenses (Part 3, Lines 24 minus 1.5 minus 2, Col. 4) Total (Lines 55 to 57) Operating Percentages (Page 4) (Line item divided by Page 4, Line 3 x 100.0) 59. Losses and loss adjustment expenses incurred (Line 4) Operating expenses incurred (Line 5) Other operating expenses (Line 6) Total operating deductions (Line 7) Net operating gain or (loss) (Line 8)......(0.7)...(38.1)...(30.5)...(750.9)...(77.4) Other Percentages (Line item divided by Part 1B, Line 1.4 x 100.0) 64. Losses and loss expenses incurred to net premiums written (Page 4, Line 4) , Operating expenses incurred to net premiums written (Page 4, Line 5) , One Year Schedule P - Part 2 Development ($000 omitted) 66. Development in estimated losses and ALAE on policies effective before current year (Schedule P, Part 2 Line 22, Col. 11) Percentage of such development to policyholders' surplus of prior year-end (Line 66 above divided by Page 4, Line 16, Col. 1 x100.0) One Year Schedule P - Part 3 Development ($000 omitted) 68. Development in estimated losses and ALAE for claims reported before current year (Schedule P, Part 3 Line 12, Col. 11) Percentage of such development to policyholders' surplus of prior year-end (Line 68 above divided by Page 4, Line 16, Col. 1 x100.0) Two Year Schedule P - Part 2 Development ($000 omitted) 70. Development in estimated losses and ALAE on policies effective before prior year-end (Schedule P, Part 2 Line 22, Col. 12) Percentage of development of losses and loss expenses incurred to reported policyholders' surplus of second prior year-end (Line 70 above divided by Page 4, Line 16, Col. 2 x100.0) Two Year Schedule P - Part 3 Development ($000 omitted) 72. Development in estimated losses and ALAE for claims reported before prior year-end (Schedule P, Part 3 Line 12, Col. 12)......(0.0) Percentage of such development to policyholders' surplus of second prior year-end (Line 72 above divided by Page 4, Line 16, Col. 2 x 100.0)......(0.0) NOTE: If a party to a merger, have the two most recent years of this exhibit been restated due to a merger in compliance with the disclosure requirements of SSAP No. 3, Accounting Changes and Correction of Errors? Yes [ ] No [ ] If no, please explain: 17

36 18.GT Annual Statement for the year 2017 of the EXHIBIT OF PREMIUMS AND LOSSES * * NAIC Group Code NAIC Company Code BUSINESS IN THE STATE OF GRAND TOTAL DURING THE YEAR Direct Amount of Number of Insurance Written Other Income on Amounts Direct Allocated Direct Losses and Policies Issued in Millions Direct Policies Issued for the Paid to or Retained Taxes Licenses Direct Direct Loss Adjustment Allocated Loss Adj. Direct Known Type of Business During the Year ($000,000 Omitted) Premiums Written Type of Business by Title Agents and Fees Incurred Premiums Earned Losses Paid Expenses Paid Expenses Incurred Claim Reserves 1. Experience for Policies Having Type of Rate Code: R 1.01 Residential policies issued directly , xxx......xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued directly , xxx......xxx......xxx......xxx......xxx......xxx......xxx Sub-total policies issued directly , xxx......xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by non-affiliated agents , , ,979, , ,813,618...xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by non-affiliated agents ,267, ,940,277...xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by non-affiliated agents , , ,247, , ,753,895...xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by affiliated agents ,271, ,140,695...xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by affiliated agents , ,759, ,983,429...xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by affiliated agents , ,031, ,124,124...xxx......xxx......xxx......xxx......xxx......xxx All other......xxx......xxx......xxx xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal for type of rate code R , , ,292, , ,878,019...XXX......XXX......XXX......XXX......XXX......XXX Experience for Policies Having Type of Rate Code: SX 2.01 Residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by non-affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by non-affiliated agents , xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by non-affiliated agents , xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx All other......xxx......xxx......xxx xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal for type of rate code SX , XXX......XXX......XXX......XXX......XXX......XXX Experience for Policies Having Type of Rate Code: 3.01 Residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by non-affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by non-affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by non-affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx All other......xxx......xxx......xxx xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal for type of rate code xxx......xxx......xxx......xxx......xxx......xxx Experience for All Types of Rate Codes Combined 4.01 Residential policies issued directly , xxx......xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued directly , xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued directly , xxx......xxx , , , Residential policies issued by non-affiliated agents , , ,979, , ,813,618...xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by non-affiliated agents ,267, , ,940,277...xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by non-affiliated agents , , ,247, , ,753,895...xxx ,943, , , , Residential policies issued by affiliated agents ,271, ,140,695...xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by affiliated agents , ,759, ,983,429...xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by affiliated agents , ,031, ,124,124...xxx ,656, All other......xxx......xxx......xxx xxx......xxx......xxx......xxx......xxx......xxx......xxx Total for all types of rate codes combined , , ,292, , ,878,019...xxx ,614, , , , Aggregate write-ins for Line , Total , , ,292, , ,878, , ,614, , , ,649 DETAILS OF WRITE-INS Taxes, Licenses, and Fees Incurred , Summary of remaining write-ins for Line 5 from overflow page Total (Lines 0501 through 0503 plus 0598) (Line 5 above) ,

37 18.OT Annual Statement for the year 2017 of the EXHIBIT OF PREMIUMS AND LOSSES * * NAIC Group Code NAIC Company Code BUSINESS IN THE STATE OF OTHER ALIEN GRAND TOTAL DURING THE YEAR Direct Amount of Number of Insurance Written Other Income on Amounts Direct Allocated Direct Losses and Policies Issued in Millions Direct Policies Issued for the Paid to or Retained Taxes Licenses Direct Direct Loss Adjustment Allocated Loss Adj. Direct Known Type of Business During the Year ($000,000 Omitted) Premiums Written Type of Business by Title Agents and Fees Incurred Premiums Earned Losses Paid Expenses Paid Expenses Incurred Claim Reserves 1. Experience for Policies Having Type of Rate Code: R 1.01 Residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Sub-total policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by non-affiliated agents , ,710...xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by non-affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by non-affiliated agents , ,710...xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx All other......xxx......xxx......xxx xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal for type of rate code R , ,710...XXX......XXX......XXX......XXX......XXX......XXX Experience for Policies Having Type of Rate Code: SX 2.01 Residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by non-affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by non-affiliated agents , xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by non-affiliated agents , xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx All other......xxx......xxx......xxx xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal for type of rate code SX , XXX......XXX......XXX......XXX......XXX......XXX Experience for Policies Having Type of Rate Code: 3.01 Residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by non-affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by non-affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by non-affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx All other......xxx......xxx......xxx xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal for type of rate code xxx......xxx......xxx......xxx......xxx......xxx Experience for All Types of Rate Codes Combined 4.01 Residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued directly xxx......xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued directly xxx......xxx Residential policies issued by non-affiliated agents , ,710...xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by non-affiliated agents , xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by non-affiliated agents , , ,710...xxx , Residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Non-residential policies issued by affiliated agents xxx......xxx......xxx......xxx......xxx......xxx Subtotal policies issued by affiliated agents xxx All other......xxx......xxx......xxx xxx......xxx......xxx......xxx......xxx......xxx......xxx Total for all types of rate codes combined , , ,710...xxx , Aggregate write-ins for Line , Total , , , , , DETAILS OF WRITE-INS Taxes, Licenses, and Fees Incurred , Summary of remaining write-ins for Line 5 from overflow page Total (Lines 0501 through 0503 plus 0598) (Line 5 above) ,

38 Sch. E - Pt. 1A NONE Sch. E - Pt. 1B NONE Sch. E - Pt. 1C NONE 19, 20, 21

39 SCHEDULE E - PART 1D - SUMMARY Segregated Funds Held for Others Non-Interest Interest Total Type Earning Earning (Cols ) 1. Open depositories Suspended depositories Total segregated cash funds held for others (General Interrogatories-Part 2, Line 9.22) Other forms of security held for others (General Interrogatories-Part 2, Line 9.23) Total all segregated funds held for others (General Interrogatories-Part 2, Line 9.21) Company Funds on Hand and on Deposit General Funds 6. Open depositories ,648, Suspended depositories Total general funds ,648,455 Reinsurance Reserve Funds 9. Open depositories Suspended depositories Total reinsurance reserve funds Total Company Funds 12. Open depositories ,648, Suspended depositories Total company funds held on deposit (Lines 8 and 11) ,648, Company funds on hand Total company funds on hand and on deposit ,648,455 SCHEDULE E - PART 1E - SUMMARY OF INTEREST EARNED Interest Earned Average Monthly Balance Average Monthly Balance Interest Earned on by Company of Non-Earning Deposits of Earning Deposits Segregated Funds Held for Others 17. Open depositories Suspended depositories Total segregated funds held for others NONE Company Funds on Deposit 20. Open depositories Suspended depositories Total company funds on deposit Total All Funds on Deposit 23. Open depositories Suspended depositories Total all funds on deposit

40 SCHEDULE E - PART 1F - FUNDS ON DEPOSIT - INTERROGATORIES 1. Does the reporting entity require, at least annually, letters of representation from its directors and officers concerning conflicts of interest in relation to: 1.1 The supply of goods or paid provision of personal services to a reporting entity depository listed in Schedule E-Part 1, or its parent, subsidiaries, of any of its affiliates? Yes [ X ] No [ ] 1.2 Real estate agreements, including, but not limited to lease, rental, mortgage, or purchase agreements with the reporting entity depository listed in Schedule E-Part 1, or its parent, subsidiaries, or any of its affiliates? Yes [ ] No [ X ] 2.1 Is the reporting entity aware of any real estate agreements, including, but not limited to lease, rental, mortgage, or purchase agreements, existing between the reporting entity, its parent, subsidiaries, or any of its affiliates, and any depository listed in Schedule E-Part 1, or its parent, subsidiaries, or any of its affiliates? Yes [ ] No [ X ] 2.2 b. If yes, give details below: 3. Does the company maintain sufficient records of funds held as escrow or security deposits and reported in Exhibit of Capital Gains (Losses) and Schedule E-Part 1A that will enable it to identify the funds on an individual basis? Yes [ X ] No [ ] 23

41 SCHEDULE F-PART 1 Assumed Reinsurance as of December 31, Current Year ($000 Omitted) Reinsurance Reinsurance Amount of Assets Amount of Payable on Payable on Funds held by Pledged or Assets Pledged NAIC Reinsurance Assumed Paid Losses and Known Case Assumed or Deposited Letters of Compensating or ID Company Domiciliary Assumed Premiums Loss Adjustment Losses and LAE Premiums With Reinsured Credit Balances to Secure Collateral Number Code Name of Reinsured Jurisdiction Liability Received Expenses Reserves Receivable Companies Posted Letters of Credit Held in Trust Other U. S. Unaffiliated Insurers OLD REPUBLIC NATL TITLE INS CO... FL , Other U. S. Unaffiliated Insurers , Totals ,

42 25 Annual Statement for the year 2017 of the SCHEDULE F - PART 2 Ceded Reinsurance as of December 31, Current Year ($000 Omitted) Reinsurance Payable Reinsurance Reinsurance Reinsurance Net Amount Funds Held Contracts Ceded Recoverable Recoverable Other Recoverable By Company NAIC Ceding 75% or Reinsurance Reinsurance on Paid Losses on Known Case Ceded Amounts From Under ID Company Domiciliary More of Direct Ceded Premiums and Loss Adjustment Losses and LAE Balances Due to Reinsurers Reinsurance Number Code Name of Reinsurer Jurisdiction Premiums Written Liability Paid Expenses Reserves Payable Reinsurers (Cols ) Treaties Authorized Other Non-U.S. Insurers AA LLOYD'S SYNDICATE NUMBER GBR ,247...(3) AA LLOYD'S SYNDICATE NUMBER GBR ,020...(10) AA LLOYD'S SYNDICATE NUMBER GBR ,020...(10) AA LLOYD'S SYNDICATE NUMBER GBR ,905...(15) AA LLOYD'S SYNDICATE NUMBER GBR ,330...(18) AA LLOYD'S SYNDICATE NUMBER GBR ,244...(4) Total Authorized - Other Non-U.S. Insurers ,766...(61) Total Authorized ,766...(61) Unauthorized Affiliates-Other (Non-U.S.) - Other AA AMTRUST INTERNATIONAL INS LTD... BMU ,129, Total Unauthorized - Affiliates - Other (Non-U.S.) - Other ,129, Total Unauthorized - Affiliates - Other (Non-U.S.) - Total ,129, Total Unauthorized - Affiliates ,129, Total Unauthorized ,129, Totals ,747,

43 SCHEDULE F - PART 3 Provision for Unauthorized Reinsurance as of December 31, Current Year (000 Omitted) Total Total Collateral and Provision for Offsets Reinsurance Trust Funds Allowed Recoverable Ceded to Funds Held Issuing or and (Cols Provision for Paid Losses & 20% of Provision for Unauthorized Reinsurance By Company Confirming Other Unauthorized LAE Expenses Amount Overdue Reinsurers NAIC Recoverable Under Letters Bank Ceded Miscellaneous Allowed but not in Reinsurance Over 90 Days 20% in Dispute Reinsurance (Col. 13 plus ID Company Domiciliary all Items Reinsurance of Reference Balances Balances Offset Excess (Col. 5 minus Past Due not of Amount Included in (Col. 15 Col. 17 but not in Number Code Name of Reinsurer Jurisdiction Schedule F Treaties Credit Number (a) Payable Payable Items of Col. 5) Col. 12) in Dispute in Col. 14 in Col. 5 plus Col. 16) Excess of Col. 5) Affiliates-Other (Non-U.S.) - Other AA AMTRUST INTERNATIONAL INS LTD... BMU Total Affiliates - Other (Non-U.S.) - Other XXX Total Affiliates - Other (Non-U.S.) - Total XXX Total Affiliates XXX Totals XXX Amounts in dispute totaling $...0 are included in Column Amounts in dispute totaling $...0 are excluded from Column Column 5 excludes $...0 recoverables on ceded IBNR on contracts in force prior to July 1, 1984 and not subsequently renewed. 26

44 SCHEDULE F - PART 4 Provision for Reinsurance Ceded to Certified Reinsurers as of December 31, Current Year (000 Omitted) Collateral Percent of Percent Collateral Credit Provided for Allowed on Provision for Net Net Amount of Reinsurance Percent Net Amount Dollar Total Recoverables Recoverables Credit with Certified Certified Effective Collateral Recoverable Amount of Funds Held Issuing or Collateral Subject to Subject to Allowed Reinsurers Reinsurer Date of Required from Collateral by Company Confirming Provided Collateral Collateral for Net (Col. 8 - NAIC Rating Certified for Full Reinsurers Required Multiple Under Bank Other (Cols Requirements Requirements Recoverables Col. 18, ID Company Domiciliary (1 through Reinsurer Credit (Sch F Part 2 (Col. 8 x Beneficiary Reinsurance Letters Reference Allowable (Col. 15 / (Col. 16 / (Col. 8 x Not to Exceed Number Code Name of Reinsurer Jurisdiction 6) Rating (0% - 100%) Col. 12) Col. 7) Trust Treaties of Credit Number(a) Collateral 14) Col. 8) Col. 7) Col. 17) Col. 8) 27 NONE

45 SCHEDULE H - PART 1 Showing all Title Plants Owned at December 31 of Current Year and Basis of Valuation 1 2 Title Plant Covering Period Permanent 3 4 Book Value Increase by Decrease by Identification Form of Date Actual Book Valuation Adjustment in Adjustment in Number Ownership From To Acquired Cost Value Basis (a) Book Value Book Value Title Plants T Wholly Owned... 01/01/ Present... 07/12/ , ,800 Cost Totals , ,800...XXX (a) If the basis is other than cost, provide explanation to reason for deviating from the cost basis:... 28

46 SCHEDULE H - PART 2 Showing all Title Plants Acquired During the Year 1 2 Title Plant Covering Period Title Plant Not 100% Permanent Acquisition/Construction Book Value at Percentage Owned (Does Company Identification Form of Date How Name of Cost to Company December 31 Ownership as of Participate in Maintenance Number Ownership From To Acquired Acquired Seller During Year of Current Year December 31 Cost? Yes or No) 29 NONE

47 SCHEDULE H - PART 3 Showing all Title Plants Sold or Otherwise Disposed of During the Year 1 2 Title Plant Covering Period Change in Book Value Permanent Increase by Decrease by Book Value Profit and Identification Form of Date Name of Cost to Prior Year Adjustment in Book Adjustment in Book at Date of Sale (Losses) Number Ownership From To Sold Purchaser Company Book Value Value During Year Value During Year ( ) Consideration on Sale NONE 30 SCHEDULE H - VERIFICATION BETWEEN YEARS 1. Book value, December 31, prior year... 46, Decrease by adjustment in book value: 2. Increase by adjustment in book value: 5.1 Totals, Part 1, Col Totals, Part 1, Col Totals, Part 3, Col Totals, Part 3, Col Consideration received on sales, Part 3, Col Cost of acquisition, Part 2, Col Net profit (loss) on sales, Part 3, Col Totals... 46, Book value, December 31, current year... 46,800

48 SCHEDULE H - PART 4 Showing Total Title Assets Held Directly or by Subsidiaries 1 2 Title Plant Value Title Plant Value Type of Title Plant Ownership Current Year Prior Year 1. Direct investment in title plant assets , , Title plant assets held by subsidiaries (proportionate to ownership) Total (Line 1 plus Line 2) , ,800 31

49 SCHEDULE P - PART 1 - SUMMARY ($000 omitted) 1 Premiums Written and Other Income Loss and Allocated Loss Adjustment Expense Payments Loss Payments Allocated LAE Payments Years in Amount of Which Insurance Premiums Written Net Were in Direct Assumed Other Ceded (Cols. Written Millions Premium Premium Income Premium ) Direct Assumed Ceded Direct Assumed Ceded 1. Prior......XXX , , , , , , , , , , Totals....XXX , , , Loss and Allocated Loss Adjustment Expenses Unpaid 23 Total Net Known Claim Reserves IBNR Reserves Loss and Salvage Unallocated Expense Number of Unallocated and Loss Paid (Cols. Claims Loss Subrogation Expense Reported Expense Received Payments ) (Direct) Direct Assumed Ceded Direct Assumed Ceded Unpaid 1. Prior Totals Losses and Allocated Loss Expenses Incurred Loss and LAE Ratio Total Net Net Loss Loss and Direct Net and LAE Per Net LAE Unpaid Number of Direct Basis Basis $1000 of Discount Reserves (Cols. Claims (Cols. Assumed Ceded ([Cols. ([Cols. Coverage for Time After Outstanding (Cols (Cols ]/ ] ([Cols Value of Discount ) (Direct) ) ) ) Net [Col. 2]) /Col. 6-4) +23]/Col.1) Money (Cols ) 1. Prior XXX Totals , ,137...XXX......XXX......XXX

50 SCHEDULE P - PART 1A - POLICIES WRITTEN DIRECTLY ($000 omitted) 1 Premiums Written and Other Income Loss and Allocated Loss Adjustment Expense Payments Loss Payments Allocated LAE Payments Years in Amount of Which Insurance Premiums Written Net Were in Direct Assumed Other Ceded (Cols. Written Millions Premium Premium Income Premium ) Direct Assumed Ceded Direct Assumed Ceded 1. Prior......XXX , , Totals....XXX , , Loss and Allocated Loss Adjustment Expenses Unpaid 23 Total Net Known Claim Reserves IBNR Reserves Loss and Salvage Unallocated Expense Number of Unallocated and Loss Paid (Cols. Claims Loss Subrogation Expense Reported Expense Received Payments ) (Direct) Direct Assumed Ceded Direct Assumed Ceded Unpaid 1. Prior Totals Losses and Allocated Loss Expenses Incurred Loss and LAE Ratio Total Net Net Loss Loss and Direct Net and LAE Per Net LAE Unpaid Number of Direct Basis Basis $1000 of Discount Reserves (Cols. Claims (Cols. Assumed Ceded ([Cols. ([Cols. Coverage for Time After Outstanding (Cols (Cols ]/ ] ([Cols Value of Discount ) (Direct) ) ) ) Net [Col. 2]) /Col. 6-4) +23]/Col. 1) Money (Cols ) 1. Prior XXX Totals XXX......XXX......XXX

51 SCHEDULE P - PART 1B - POLICIES WRITTEN THROUGH AGENTS ($000 omitted) 1 Premiums Written and Other Income Loss and Allocated Loss Adjustment Expense Payments Loss Payments Allocated LAE Payments Years in Amount of Which Insurance Premiums Written Net Were in Direct Assumed Other Ceded (Cols. Written Millions Premium Premium Income Premium ) Direct Assumed Ceded Direct Assumed Ceded 1. Prior......XXX , , , , , , , , Totals....XXX , , , Loss and Allocated Loss Adjustment Expenses Unpaid 23 Total Net Known Claim Reserves IBNR Reserves Loss and Salvage Unallocated Expense Number of Unallocated and Loss Paid (Cols. Claims Loss Subrogation Expense Reported Expense Received Payments ) (Direct) Direct Assumed Ceded Direct Assumed Ceded Unpaid 1. Prior Totals Losses and Allocated Loss Expenses Incurred Loss and LAE Ratio Total Net Net Loss Loss and Direct Net and LAE Per Net LAE Unpaid Number of Direct Basis Basis $1000 of Discount Reserves (Cols. Claims (Cols. Assumed Ceded ([Cols. ([Cols. Coverage for Time After Outstanding (Cols (Cols ]/ ] ([Cols Value of Discount ) (Direct) ) ) ) Net [Col. 2]) /Col. 6-4) +23]/Col. 1) Money (Cols ) 1. Prior XXX Totals XXX......XXX......XXX

52 SCHEDULE P - PART 2 - POLICY YEAR INCURRED LOSS AND ALAE Years in Incurred Losses and Allocated Expenses at Year End ($000 omitted) Which Including Known Claims and IBNR on Unreported Claims Development Policies Were One Year Two Year Written (Cols. 10-9) (Cols. 10-8) 1. Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX Totals......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX SCHEDULE P - PART 2A - POLICY YEAR PAID LOSS AND ALAE Cumulative Paid Losses and Allocated Expenses at Year End ($000 omitted) Number of Number of Years in Claims Claims Which Closed Closed Policies Were With Loss Without Loss Written Payment Payment 1. Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX

53 SCHEDULE P - PART 2B - POLICY YEAR LOSS AND ALAE CASE BASIS RESERVES Case Basis Losses and Allocated Expense Reserves at Year End ($000 omitted) Years in Which Policies Were Written Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX SCHEDULE P - PART 2C - POLICY YEAR BULK RESERVES ON KNOWN CLAIMS Bulk Reserves on Known Claims at Year End ($000 omitted) Loss and Allocated Loss Expense Years in Which Policies Were Written Prior NONE XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX

54 SCHEDULE P - PART 2D - POLICY YEAR IBNR RESERVES IBNR Reserves on Unreported Claims at Year End ($000 omitted) Loss and Allocated Loss Expense Years in Which Policies Were Written Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX

55 SCHEDULE P - PART 3 - INCURRED LOSS AND ALAE BY YEAR OF FIRST REPORT Years in Losses and Allocated Expenses at Year End ($000 omitted) Which Incurred Loss and ALAE on Known Claims and Bulk Reserves on Known Claims Development Claims Were First One Year Two Year Reported (Cols. 10-9) (Cols. 10-8) 1. Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX (0) XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX Totals......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX (0) SCHEDULE P - PART 3A - PAID LOSSES AND ALAE BY YEAR OF FIRST REPORT Cumulative Paid Losses and Allocated Expenses at Year End ($000 omitted) Years in Number of Number of Which Claims Claims Claims Were Closed Closed First With Loss Without Loss Reported Payment Payment 1. Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX SCHEDULE P - PART 3B - LOSS AND ALAE CASE BASIS RESERVES BY YEAR OF FIRST REPORT Case Basis Losses and Allocated Expense Reserve at Year End ($000 omitted) Years in Which Claims Were First Reported Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX SCHEDULE P - PART 3C - BULK RESERVES ON KNOWN CLAIMS BY YEAR OF FIRST REPORT Bulk Reserves on Known Claims at Year End ($000 omitted) Loss and Allocated Loss Expense Years in Which Claims Were First Reported Prior NONE XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX

56 SCHEDULE P - PART 4A - POLICY YEAR REPORTED CLAIM COUNTS Years in Which Number of Claims Reported (Direct) Claims Were First Reported Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX SCHEDULE P - PART 4B - POLICY YEAR CLAIM CLOSED WITH LOSS PAYMENT Years in Which Number of Claims Closed With Loss Payment Claims Were First Reported Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX SCHEDULE P - PART 4C - POLICY YEAR CLAIM CLOSED WITHOUT LOSS PAYMENT Years in Which Number of Claims Closed Without Loss Payment Claims Were First Reported Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX

57 SCHEDULE P - PART 5A - REPORT YEAR REPORTED CLAIM COUNTS Years in Which Number of Claims Reported (Direct) Claims Were First Reported Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX SCHEDULE P - PART 5B - REPORT YEAR CLAIMS CLOSED WITH LOSS PAYMENT Years in Which Number of Claims Closed With Loss Payment Claims Were First Reported Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX SCHEDULE P - PART 5C - REPORT YEAR CLAIMS CLOSED WITHOUT PAYMENT Years in Which Number of Claims Closed Without Loss Payment Claims Were First Reported Prior XXX XXX......XXX XXX......XXX......XXX XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX......XXX

58 SCHEDULE P INTERROGATORIES 1.1 Title insurance losses should include all losses on any transaction for which a title insurance premium, rate or charge was made or contemplated. Escrow losses for which the company is contractually obligated should be included. Losses arising from defalcations for which the reporting entity is contractually obligated should be included. Are the title insurance losses reported in Schedule P defined in conformance with the above definition? Yes [ X ] No [ ] 1.2 If not, describe the types of losses reported. 1.3 If the types or basis of reporting has changed over time, please explain the nature of such changes. 2.1 Are paid loss and allocated loss adjustment expenses reduced on account of salvage or subrogation in accordance with the instructions? Yes [ X ] No [ ] 2.2 If not, describe the basis of reporting. 2.3 If the basis of reporting has changed over time, please explain the nature of such changes. 3.1 Are sales of salvage at prices different from their book value recorded in accordance with the instructions? Yes [ X ] No [ ] 3.2 If not, describe the basis of reporting. 3.3 If the basis of reporting has changed over time, please explain the nature of such changes. 4.1 Are the case basis reserves reported gross of anticipated salvage and subrogation in accordance with the instructions? Yes [ X ] No [ ] 4.2 If not, please explain. 4.3 If the basis of reporting has changed over time, please explain the nature of such changes. 5.1 Do any of the reserves reported in Schedule P contain a provision for reserve discount, contingency margin, or any other element not providing for an estimation of ultimate liability? Yes [ ] No [ X ] 5.2 If so, please explain. 6.1 Do the company IBNR reserves in Schedule P reconcile to the IBNR reserves prepared on a GAAP basis? Yes [ X ] No [ ] 6.2 If not, please explain. 7.1 Are allocated loss adjustment expenses recorded in accordance with the instructions? Yes [ X ] No [ ] 7.2 If not, please explain which items are not in conformity. 7.3 If the basis of reporting has changed over time, please explain the nature of such changes. 8.1 The unallocated loss adjustment expenses paid during the most recent calendar year should be distributed to the various policy years in which the policy was issued as follows: (1) 10% to the most recent policy year, (2) 20% to the next most recent policy year, (3) 10% to the succeeding policy year, (4) 5% to each of the next two succeeding policy years, and (5) the balance to all policy years, including the most recent policy year, in proportion to the amount of loss payments paid for each policy year during the most recent calendar year. Are they so reported? Yes [ X ] No [ ] 8.2 If estimates were used prior to 1996, please explain the basis of such estimates. 9. Indicate the basis of determining claim counts: 9.1 Are policies having multiple claims shown in Schedule P as a single claim? Yes [ ] No [ X ] 9.2 Are claims closed without payment removed from the claim count? Yes [ ] No [ X ] 9.3 If the definition of claim count has changed over time, please explain the nature of such changes Have there been any portfolio reinsurance transfers or other accounting conventions that have caused a mismatch of premiums, other income, loss or ALAE? Yes [ ] No [ X ] 10.2 If so, please explain Have there been any excess of loss or stop loss reinsurance treaties or other accounting conventions that have caused a mismatch of premiums, other income, loss or ALAE? Yes [ ] No [ X ] 11.2 If so, please explain Have there been any major mergers or acquisitions, either with respect to an insurer or an agent, that had a material impact on operations or claims development? Yes [ ] No [ X ] 12.2 If so, please explain Were any estimates or allocations used to complete this data request? Yes [ ] No [ X ] 13.2 If so, please explain the nature of the estimate or allocation, the assumptions made and the data used to support your assumptions. 14. Are there any especially significant events, coverage, retention or accounting changes which have occurred which must be considered when making an analysis of the information provided? Yes [ ] No [ X ] 41

59 SCHEDULE T - EXHIBIT OF PREMIUMS WRITTEN By States and Territories 1 2 Direct Premiums Written Agency Operations Direct Losses Direct Losses Direct Premium 4 5 Net and Allocated and Allocated Known Active Rate Direct Non-Affiliated Affiliated Other Premiums Loss Adjustment Loss Adjustment Claim States, Etc. Status (b) Operations Agencies Agencies Income Earned Expenses Paid Expenses Incurred Reserves 1. Alabama...AL...N Alaska...AK...L Arizona...AZ...L Arkansas...AR...L California...CA...N Colorado...CO...N Connecticut...CT...N Delaware...DE...L District of Columbia...DC...L Florida...FL...N Georgia...GA...N Hawaii...HI...L Idaho...ID...N Illinois...IL...N Indiana...IN...L......R , , Iowa...IA...N Kansas...KS...N Kentucky...KY...L Louisiana...LA...L Maine...ME...L Maryland...MD...L......R , , Massachusetts...MA...L Michigan...MI...L......R , , Minnesota...MN...N Mississippi...MS...L Missouri...MO...L Montana...MT...N Nebraska...NE...L Nevada...NV...L New Hampshire...NH...N New Jersey...NJ...L......R , , , , , , New Mexico...NM...L New York...NY...L......R , ,950, ,877, ,827, , , , North Carolina...NC...L North Dakota...ND...L Ohio...OH...N......R , , Oklahoma...OK...L Oregon...OR...L......R , , Pennsylvania...PA...L......R , , , Rhode Island...RI...L South Carolina...SC...L......R South Dakota...SD...N Tennessee...TN...L......R Texas...TX...L......R , , , Utah...UT...L Vermont...VT...L Virginia...VA...L......R , , Washington...WA...L West Virginia...WV...L Wisconsin...WI...N Wyoming...WY...N American Samoa...AS...N Guam...GU...N Puerto Rico...PR...N US Virgin Islands...VI...N Northern Mariana Isl...MP...N Canada...CAN...N Aggregate Other Alien...OT.XXX.....XXX , , , Totals... (a).34...xxx , ,247, ,031, , ,218, , , ,649 DETAILS OF WRITE-INS Bahamas....XXX.....R,S,X , , , XXX XXX Summary of remaining writeins for Line 58 from overflow page.xxx.....xxx Totals (Line through Line 58998) (Line 58 above).xxx.....xxx , , , (L) - Licensed or Chartered - Licensed Insurance Carrier or Domicilied 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. (b) Each type of rate must be coded with a combination of the five Activity Codes (R, S, X, C, and/or E) listed in the instructions. Use the code combination corresponding to the State's statutory definitions of title insurance premium. If more than one combination of activities is indicated in the statutory definition, all relevant combinations must be listed. See the Schedule T Instructions. 42

60 SCHEDULE Y INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP PART 1 ORGANIZATIONAL CHART Leah Karfunkel (11.3) 1 George Karfunkel (16.5%) 1 Barry Zyskind (14.9%) 1 NATIONAL GENERAL HOLDINGS CORP. 3 AMTRUST FINANCIAL SERVICES, INC. 2 (Exhibit A) 9015 (DE) NAIC Group Code MAIDEN HOLDINGS, LTD AmTrust Insurance Company of Kansas, Inc. (KS) NAIC Code 15954; FEIN Republic Companies, Inc. (DE) AmTrust North America, Inc. (DE) AMT Warranty Corp. (DE) AmTrust North America of Florida, Inc. (FL) Republic Underwriters Insurance Company (TX) NAIC Code 24538; FEIN CNH Industrial Insurance Agency Inc. (DE) Warrantech Corporation (NV) AMTCS Holdings, Inc. (DE) Associated Industries Insurance Company, Inc. (FL) NAIC Code 23140; FEIN Boca NW65, LLC (DE) (NY) NAIC Code 51578; FEIN ARI Holdco Inc. (DE) Republic-Vanguard Insurance Company (AZ) NAIC Code 40479; FEIN Southern Underwriters Insurance Company (OK) NAIC Code 10809; FEIN Republic Fire and Casualty Insurance Company (OK) NAIC Code 10810; FEIN CNH Industrial Canada Insurance Agency Ltd. (Canada) 4047 East Ninth & Superior, LLC (DE) 11 First Nonprofit Insurance Agency, Inc. (IL) National Home Surety Inc. (DE) AMT Road Services Corp. (DE) Warrantech Automotive, Inc. (CT) Vemeco, Inc. (CT) ToCo Warranty Corp. (DE) AMT Consumer Services, Inc. (DE) CPP Direct LLC (DE) CPP Florida LLC (FL) CPP Travel LLC (DE) 43 ARI Insurance Company (PA) NAIC Code 13900; FEIN ARI Casualty Company (NJ) NAIC Code 37680; FEIN CorePointe Insurance Company (DE) NAIC Code 10499; FEIN CorePointe Insurance Agency, Inc. (MI) First Nonprofit Insurance Company (DE) NAIC Code 10859; FEIN Southern Insurance Company (TX) NAIC Code 19216; FEIN Republic Diversified Services, Inc. (DE) Republic Lloyds (TX) NAIC Code 19208; FEIN Republic Group No. Two Company (MO) Southern County Mutual Insurance Company (TX) NAIC Code 27863; FEIN Canyon State Auto Insurance Services, Inc. (AZ) Northcoast Warranty Services, Inc. (DE) Northcoast Solutions of Canada, ULC (British Columbia) Signal Acquisition LLC (DE) Signal Service Solutions, LLC (DE) AMT Direct Title, LLC (DE) First Nationwide Title Agency LLC (NY) Warrantech Automotive of Canada, Inc. (Canada) Warrantech Automotive of Florida, Inc. (FL) Westport Reinsurance Limited (Turks & Caicos Islands) Warrantech Caribbean, LTD (Grand Cayman Islands) Warrantech Consumer Product Services, Inc. (CT) Warrantech Home Service Company (CT) CPP Warranties LLC (DE) The CPP Insurance Agency LLC (DE) The Finest Service Organization, LLC (DE) 12 FSO2 LLC (DE) OwnerGUARD Corporation (CA) OwnerGUARD Agency (CA) Heritage Indemnity Company (CA) NAIC Code 39527; FEIN Eagle General Agency, Inc. (TX) First Nationwide Title Agency of Texas LLC (TX) 4127 Warrantech Home Assurance Company (FL) OwnerGUARD University (CA) Insco Insurance Services, Inc. (CA) AMTS Holding Corp. (DE) First Nationwide 1031 LLC (NY) WHSC Direct, Inc. (TX) AMT Home Protection Company (CA) Builders Insurance Services, LLC (DE) AMT Warranty Corp. of Canada, ULC (Alberta) AmTrust Search and Production LLC (DE) WCPS of Florida, Inc. (FL) Georgia Dealer Consulting, Inc. (GA) Developers Surety and Indemnity Company (CA) NAIC Code 12718; FEIN Indemnity Company of California (CA) NAIC Code 25550; FEIN Vista Surety Insurance Solutions, LLC (CA) Milford Casualty Insurance Company (DE) NAIC Code 26662; FEIN Security National Insurance Company (DE) NAIC Code 19879; FEIN Sequoia Insurance Company (CA) NAIC Code 22985; FEIN Sequoia Indemnity Company (NV) NAIC Code 12338; FEIN Wesco Insurance Company (DE) NAIC Code 25011; FEIN Primero Seguros, S.A. de C.V. (Mexico) 8 PDP Group, Incorporated (MD) 9 PDP Holdings, Inc. (MD) Pitcher & Doyle, ULC (Canada) TN Investment LLC (DE) 10 AMT Agency Holdings, Inc. (DE) Advantage Comp, Inc. (NJ) AmCom Insurance Services, Inc. (CA) AmTrust Agriculture Insurance Services, LLC (CA) 4104 Assure Space, LLC (DE) 4124 Builders & Tradesmen's Insurance Services, Inc. (CA) 4040 Warrantech Direct, Inc. (TX) Direct Reinsurance, Ltd. (Turks & Caicos Islands) Warrantech International, Inc. (DE) Warrantech International de Chile Limitada (Chile) Warrantech Peru SRL (Peru) Warrantech Management Company (DE) Automotive Assurance Group, LLC (FL) 13 Technology Insurance Company, Inc. (DE) NAIC Code 42376; FEIN LAE Insurance Services, Inc. (CA) AII Investment Holdings Ltd. (Bermuda) 5 Oryx Insurance Brokerage, Inc. (NY) AMT Global, LLC (DE) 7 Total Program Management, LLC (NY) McCormick Road LLC (DE) AmVenture Insurance Agency, Inc. (DE) AmTrust E&S Insurance Services, Inc. (DE) 4038

61 SCHEDULE Y INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP PART 1 ORGANIZATIONAL CHART AMTRUST FINANCIAL SERVICES, INC. 2 AmTrust Financial Services, Inc. Page 2 RS Acquisition Holdco, LLC (DE) 19 AmTrust International Insurance, Ltd. (Bermuda) NAIC Alien ID: AA ; FEIN Market Place, LLC (DE) PBOA, Inc. (FL) AmTrust Bermuda I Ltd. (Bermuda) Agent Alliance Reinsurance Company, Ltd. (Bermuda) 3925 Brookside Parkway LLC (DE) Risk Services - Arizona, Inc. (AZ) AmTrust Bermuda II Ltd. (Bermuda) AMT Global Realty Holdings LLC (DE) 400 Executive Boulevard Southington, LLC (DE) 4091 Risk Services (Bermuda) Ltd. (Bermuda) AmTrust Holdings Luxembourg S.à r.l. (Luxembourg) AmTrust Bermuda III Ltd. (Bermuda) Cowan LLC (DE) 4455 LBJ Freeway LLC (DE) 14 Risk Services - (Hawaii), Ltd. (HI) AmTrust Captive Solutions Limited (Luxembourg) AII Reinsurance Broker, Ltd. (Bermuda) NJ Realty Partners LLC (DE) 800 Superior, LLC (DE) 15 Risk Services - Nevada, Inc. (NV) AMT Chronos S.A. (Luxembourg) AII Insurance Management Limited (Bermuda) AMT NY Realty Holdings, LLC (NY) 800 Superior NMTC Investment Fund II LLC (OH) 16 Risk Services - Vermont, Inc. (VT) AMT Plutus S.A. (Luxembourg) AmTrust Equity Solutions, Ltd. (Bermuda) St. Nicholas Holdings LLC (NY) 25 AMT Capital Holdings S. A. (Luxembourg) Risk Services, LLC (VA) AMT Capital Holdings III S.A. (Luxembourg) AmTrust Bermuda IV Ltd. (Bermuda) AmTrust North America of Texas, Inc. (DE) 4021 AMT Investments LLC (DE) AmTrust Underwriters, Inc. (DE) AMT Ventures Holdings LLC (DE) AmVenture Marketing Services, Inc. (DE) AFS Realty Member, LLC (DE) AFS Realty Holdings, LLC (DE) AMT RE NY Holdings LLC (DE) East 14th Purchaser LLC (NY) 4159 REAF Holdings LLC (DE) AmTrust Ireland Holdings Limited (Ireland) AmTrust Netherlands Holdings B.V. (Netherlands) AmTrust Ireland Holdings II Limited (Ireland) AmTrust Insurance Agency Italy S.r.l. (Italy) Redray Pte. Ltd. (Singapore) Tiger Capital, LLC (DE) 24 AMT Corporate Member Holdings Limited (England) AmTrust Insurance Luxembourg S. A. (Luxembourg) 3067 AmTrust International Underwriters DAC (Ireland) NAIC Alien ID: AA AmTrust Nordic, AB (Sweden) AmTrust International Bermuda Ltd. (Bermuda) AMT Exchequer Court Limited (England) AMT Exchequer (Jersey) No. 1 Limited (Jersey) AMT Exchequer (Jersey) No. 2 Limited (Jersey) Cord Holdings LLC (DE) First Nonprofit Companies, Inc. (IL) Rock Run South, LLC (DE) Rocklin Sierra College LLC (DE) RS-AIF LLC (DE) AmTrust Cayman Reinsurance Company, Ltd. (The Cayman Islands) AMT Direct Services Holdings, LLC (DE) BusinessBlocks Technologies, Inc. (DE) Lion Capital Alpha, LLC (DE) Capital Alpha Holdings, LLC (DE) AMT Warranty Solutions, Inc. (DE) 7125 West Jefferson LLC (DE) Heritage Mechanical Breakdown Corporation (DE) Warranty Solutions Administrative Services, Inc.(FL) Warranty Solutions Management Corporation (CA) AmTrust Nordic Holding AB (Sweden) AmTrust Insurance Services Sweden AB (Sweden) 3141 AmTrust Insurance Services Norway AS (Norway) 3140 Nationale Waarborg B.V. (Netherlands) 3132 N.V. Belegging-en Beheermaatschapij (Netherlands) Unified Grocers Insurance Services (CA) Capital Oakland Holdings, LLC (DE) WS Aftermarket Services Corporation (DE) AmTrust Management Services Ireland Limited (Ireland) Westside Parkway, GA, LLC (DE) Integrated Alpha, LLC (DE) Westlake Insurance Company (Bermuda), Ltd. (Bermuda) 42 Rochdale Insurance Company (NY) NAIC Code 12491; FEIN AmTrust Agency Holdings LLC (DE) Lion Capital Beta, LLC (DE) Mayfield Holdings LLC (DE) TMI Solutions, LLC (WA) AmTrust Warranty Holdings LLC ( DE) Plutus Holdings Gamma LLC (DE) Mayfield Agency Parent Inc. (DE) Mayfield WarrantyCo Parent Inc. (DE) Canada Warranty Solutions LLC (WA) Mayfield Agency Midco Inc. (DE) Mayfield WarrantyCo Midco Inc. (DE) AmTrust International Limited (England) [cont'd on Page 3] Mayfield Agency Borrower Inc. (DE) Mayfield WarrantyCo Borrower Inc. (DE) Nationale Borg Reinsurance N.V. (Curaçao) Mayfield Agency Bidco Inc. (DE) Mayfield WarrantyCo Bidco Inc. (DE)

62 SCHEDULE Y INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP PART 1 ORGANIZATIONAL CHART AmTrust International Limited (England) [cont'd from Page 2] AmTrust Financial Services, Inc. Page 3 AmTrust Lloyd's Holdings Limited (The Cayman Islands) 3150 Car Care Plan (Holdings) Limited (England) 4146 Therium Group Holdings Limited (Jersey) 33 AmTrust Lloyd's Holdings (UK) Limited (England) 3248 AmTrust Corporate Member Limited (England) 9018 Car Care Pension Trustees Limited (England) 4163 Therium Capital Management Limited (England) 34 ANV Holding B.V. (Netherlands) 3230 AmTrust Corporate Member Two Limited (England) 3153 Car Care Plan Limited (England) Therium Finance ICC (Jersey) 35 ANV International B.V. (Netherlands) 3233 AmTrust Syndicate Holdings Limited (England) 3155 Car Care Plan do Brasil Participacoes LTDA (Brazil) Therium Luxembourg Sarl (Luxembourg) 36 AmTrust Central Bureau of Services Ltd. (England) AmTrust at Lloyd's Limited (England) 2008 Car Care Plan GmbH (Germany) Therium Inc. (DE) 3022 ANV Services US Inc. (DE) 3236 AmTrust Syndicate Services Limited (England) 3158 AmTrust Underwriting Limited (England) 3159 AmTrust Corporate Capital Limited (England) 3103 Commercial Care Plan Limited (England) 4131 Shanghai First Response Service Co. Ltd (China) AmTrust Management & Consultancy (China) Co., Ltd. (China) AmTrust France SAS (France) 3023 Arc Legal Assistance Limited (England) 3024 AmTrust Revive Limited (England) ANV MGA Services B.V. (Netherlands) 3231 ANV Global Services Ltd. (England) 3242 ANV Global Services Inc. (NY) 3244 AmTrust Europe Limited (England) Care Care Plan Turkey Danişanlik Anonim Şirketi (Turkey) AmTrust Insurance Spain, S.L.U. (Spain) 3107 ANV Risk B.V. (Netherlands) AmTrust Italia S.R.L. (Italy) AmTrust Europe Legal, Limited (England) 3104 Pedigree Livestock Insurance Limited (England) 3105 Car Care Plan Management Services Limited (England) 4118 Motors Insurance Company Limited (England) Composite Holdings Limited (England) AmTrust Gestion Bolivia S.R.L. (Bolivia) 37 AmTrust Gestion Paraguay S.A. (Paraguay) 38 AmTrust Gestion Peru S.A.C. (Peru) 39 ANV Holdings (UK) Ltd. (England) 3238 ANV Corporate Name Ltd. (England) ANV Syndicate Management Ltd. (England) Right2Claim Limited (England) 3106 AMT Mortgage Insurance Limited (England) 3201 AMT Mortgage Services Limited (England) 3220 Collegiate Limited (England) Collegiate Management Services Limited (England) Collegiate Insurance Brokers Limited (England) AmTrust Management Services, Limited (England) Composite Assistance Limited (England) Composite Legal Expenses Limited (England) CLE Investments Limited (England) Composite Legal Services Limited (England) AmTrust Mobile Solutions Singapore Pte. Ltd. (Singapore) AmTrust Mobile Solutions Malaysia Holdings Sdn. Bhd. (Malaysia) AmTrust Mobile Solutions Malaysia Sdn. Bhd. (Malaysia) AmTrust Mobile Solutions India Holdings Private Limited (India) AmTrust Mobile Solutions India Private Limited (India) AmTrust Mobile Solutions Philippines Inc. (Philipines) 31 Finagra Group Limited (England) 40 Finagra Grains Limited (England) Finagra USA Inc. (CT) AmCafe LLC (DE) Gadget Repair Solutions Limited (England) 41 AA Gadget Repair Limited (Ireland) Gadget Repair Solutions PTE LTD. (Singapore) Mobile Repair Solutions Malaysia SDN. BHD. (Malaysia) AmTrust Claims Management SrL (Italy) Caravan Security Storage Limited (England) I.G.I. Administration Services Limited (England) I.G.I. Intermediaries Limited (England) Oakwood Village Limited (England) Dent Wizard Ventures Limited Dent Wizard (UK) Limited DWV Smart Repair Solutions Limited AmTrust Syndicates Ltd. (England) PT AmTrust Mobile Solutions Indonesia (Indonesia) 32 Dore & Associates Holdings Limited (England) PT AmTrust Mobile Solutions Indonesia Holdings (Indonesia) Dore Underwriting Services Limited (England) Tecprotec AVA Sdn. Bhd. (Malaysia) Tecprotec LLC (Russia) 44

63 43.3 SCHEDULE Y INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP PART 1 ORGANIZATIONAL CHART AmTrust Financial Services, Inc. Page 4 Footnotes: 1 Barry Zyskind, George Karfunkel, and Leah Karfunkel, acting as a group, have publicly filed with the Securities and Exchange Commission a notice on Schedule 13D with respect to the common stock of AmTrust Financial Services, Inc. ("AmTrust") that each person controls. 2 AmTrust is a publicly-traded company listed on the NASDAQ global exchange under the ticker symbol "AFSI". Unless indicated otherwise, AmTrust owns 100% of all direct subsidiaries. 3 National General: Various subsidiaries of AmTrust collectively own 1.6% of the entity's outstanding common stock. Leah Karfunkel, as trustee of Leah Karfunkel 2016-NG GRAT (11.8%) and co-trustee of the Michael Karfunkel Family 2005 Trust (the "Trust") (30%) directly and indirectly own 41.8% of the entity's common stock. Leah Karfunkel has all powers of a sole trustee with respect to the entity's common stock held by each trust. 4 Maiden Holdings: Two of AmTrust's principal shareholders, Leah Karfunkel, as co-trustee of the Trust, and Barry Zyskind, own or control approximately 8.2% and 7.7%, respectively, of the entity's issued and outstanding capital stock. Mrs. Karfunkel has sole voting and dispostive power over the shares held by the Trust. 5 AII Investment Holdings: Technology Insurance Company, Inc. owns 32.22%; Wesco Insurance Company owns 31.11%; Associated Industries Insurance Company, Inc. owns 15.56%; CorePointe Insurance Company owns 8.89%; First Nonprofit Insurance Company owns 7.78%; and Developers Surety and Indemnity Company owns 4.44%. 6 [OPEN] 7 AMT Global: Technology Insurance Company, Inc. owns 48%; Wesco Insurance Company owns 37%; AmTrust Insurance Company of Kansas, Inc. owns 6%; ARI Insurance Company owns 3.50%; First Nonprofit Insurance Company owns 3.00%; and Milford Casualty Insurance Company owns 2.50%. 8 Primero Seguros: Wesco Insurance Company owns 99.9%, and Primero Promotora de Ventas, S.A. de C.V. owns the remaining 0.1%. 9 PDP Group: Wesco Insurance Company owns 40%; Technology Insurance Company, Inc. owns 40%; and AmTrust owns 20%. 10 TN Investments: Wesco Insurance Company owns 50% and Technology Insurance Company, Inc. owns 50%. 11 East Ninth & Superior: AmTrust North America, Inc. and National General Holdings Corp. each own 50%. 12 The Finest Service: AMT Warranty Corp. owns 65% and Shandon LLC owns the remaining 35%. 13 Automotive Assurance Group: AMT Warranty Corp. owns 30% and Georgia Dealer Consulting, Inc. owns 70% LBJ Freeway: AmTrust owns 50%, and National General Re Ltd. owns the remaining 50% Superior: AmTrust and Integon National Insurance Company each own 50% Superior NMTC: AmTrust and National General Holdings Corp. are each a 24.5% member. 17 AMT Capital Holdings: AmTrust and American Capital Acquisition Investments S.A. each own 50%. 18 [OPEN] 19 RS Acquisition: AmTrust owns 80% (Class A Voting Interest) and Michael Rogers owns 20% (Class B Non-Voting Interest). 20 AMT RE NY: This entity has a non-controlling interest in West 141 Holdings LLC, a NY LLC, which also has 4 other investors. 21 [OPEN] 22 AmTrust Equity Solutions: AII Insurance Management Limited and AII Reinsurance Broker Ltd. each own 50%. The following AmTrust insurers own Preferred Shares issued by the company: AmTrust International Insurance, Ltd. (20,000,000) Associated Industries Insurance Company, Inc. (9,916,667); Technology Insurance Company, Inc. (14,875,000); and Wesco Insurance Company (4,958,333). 23 AmTrust Mobile Solutions India Holdings: AmTrust Mobile Solutions Singapore Pte. Ltd. owns 99.90% and each of Cobra Group Holdings BV and Mark Richard Simmons owns less than 1.0%. 24 Tiger Capital: AMT Capital Holdings III S.A. and American Capital Acquisition Investments S.A. each own 50% Class A Interests St. Nicholas: AMT NY Realty Holdings, LLC owns 90% and Stoneblock Group, LLC owns the remaining 10%. 26 AmTrust Bermuda IV: AmTrust International Insurance, Ltd. owns 60% and AmTrust International Bermuda owns the remaining 40%. 27 [OPEN] 28 Car Care Plan do Brasil: AmTrust International Limited owns % and Car Care Plan Limited owns %. 29 AmTrust Mobile Solutions Singapore: AmTrust International Limited owns 77.50% and InvestinAsia Pte. Ltd., a Singapore company, owns 22.50%. 30 AmTrust Mobile Solutions India Private Limited: AmTrust Mobile Solutions Malaysia Holdings Sdn. Bhd. owns 50% and Essar Retail Holdings Private Limited owns the remaining 50% 31 AmTrust Mobile Solutions Philippines: AmTrust Mobile Solutions Singapore Pte. Ltd. owns 9,999,995 shares and each of the 5 individual directors own 1 share. 32 PT AmTrust Mobile Solutions Indonesia: AmTrust Mobile Solutions Singapore Pte Ltd owns 60% and a joint venture partner, PT Erafone Artga Retailindo (Indonesia), owns 40%. 33 Therium Group Holdings: AmTrust International Limited owns 50%, and certain other entities and individuals own the remaining 50%. The company owns additional entities that are not reflected on this organizational chart. 34 Therium Capital Management: This entity owns additional entities that are not reflected on this organizational chart. 35 Therium Finance: This entity owns a number of corporate cells. 36 Therium Luxembourg: Therium Group Holdings Limited owns 80% and certain other entities and individuals own the remaining 20%. 37 AmTrust Gestion Bolivia: AmTrust Insurance Spain, S.L.U. owns 99.5% and AmTrust International Limited owns 0.5%. 38 AmTrust Gestion Paraguay: AmTrust Insurance Spain, S.L.U. owns 99% and AmTrust International Limited owns 1%. 39 AmTrust Gestion Peru: AmTrust Insurance Spain, S.L.U. owns 99.9% and AmTrust International Limited owns 0.1%. 40 Finagra Group Limited: AmTrust International Limited owns 22.99% of the voting rights, and certain other entities own the remaining 77.01%. AmTrust Europe Limited holds Redeemable Preference shares - non-voting. 41 Gadget Repair Solutions: AmTrust International Limited owns 88.2%, and certain continuing shareholders own a total of 11.8%. 42 Westlake Insurance: Unified Grocers Insurance Services owns 120,000 Class C shares. 43 PT AmTrust Mobile Solutions Indonesia Holdings: AmTrust Mobile Solutions Singapore Pte. Ltd. owns 99.00% and Mark Richard Simmons owns 1.00%. 44 Tecprotect LLC (Russia): AmTrust Mobile Solutions Singapore Pte. Ltd. owns 95.00% and Paul Sanderson owns 5.00%. DORMANT ENTITIES: Strongwood Risk Management Solutions, LLC (CA); ARI Services, Inc. (NJ)

64 SCHEDULE Y INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP PART 1 ORGANIZATIONAL CHART 43.4