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ANNUAL STATEMENT The Commerce Insurance Company

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ANNUAL STATEMENT The Commerce Insurance Company Powered By Docstoc
					PROPERTY AND CASUALTY COMPANIES - ASSOCIATION EDITION

                                                                                                                        *25275201120100100*
                                                   ANNUAL STATEMENT
                                                                  For the Year Ended December 31, 2011
                                                                            of the Condition and Affairs of the

                            STATE WIDE INSURANCE COMPANY
  NAIC Group Code.....0411, 0411                                   NAIC Company Code..... 25275                                        Employer's ID Number..... 13-1773336
                       (Current Period) (Prior Period)
  Organized under the Laws of NEW YORK              State of Domicile or Port of Entry NEW YORK              Country of Domicile                                      US
  Incorporated/Organized..... August 14, 1954                                  Commenced Business..... October 1, 1954
  Statutory Home Office                      901 FRANKLIN AVENUE….. GARDEN CITY ..... NY ..... 11550-4030
                                                         (Street and Number)       (City or Town, State and Zip Code)
  Main Administrative Office                             211 MAIN STREET….. WEBSTER ..... MA ..... 01570-0758                                                   508-943-9000
                                                         (Street and Number)       (City or Town, State and Zip Code)                                     (Area Code) (Telephone Number)
  Mail Address                                           211 MAIN STREET….. WEBSTER ..... MA ..... 01570-0758
                                                         (Street and Number or P. O. Box)         (City or Town, State and Zip Code)
  Primary Location of Books and Records                  211 MAIN STREET….. WEBSTER ..... MA ..... 01570-0758                                                   508-943-9000
                                                         (Street and Number)       (City or Town, State and Zip Code)                                     (Area Code) (Telephone Number)
  Internet Web Site Address                              www.state-wide insurance.com
  Statutory Statement Contact                            DEBRA JOAN LeBLANC                                                                                 508-943-9000-14310
                                                         (Name)                                                                                (Area Code) (Telephone Number) (Extension)
                                                         dleblanc@mapfreusa.com                                                                                 508-949-4246
                                                         (E-Mail Address)                                                                                         (Fax Number)
                                                                                     OFFICERS
              Name                                           Title                                                  Name                                       Title
  1. JAIME TAMAYO                               PRESIDENT & CEO                                        2. DANIEL PATRICK OLOHAN                   SECRETARY, GENERAL COUNSEL,
                                                                                                                                                  & SVP
  3. ROBERT EDWARD MCKENNA                      TREASURER, CAO, & SVP                                  4. RANDALL VAUGHN BECKER                   EXECUTIVE VICE PRESIDENT & CFO


                                                                     DIRECTORS OR TRUSTEES
  RANDALL VAUGHN BECKER                         DAVID HILL COCHRANE #                                  DENNIS JOHN CROSSLEY                        GERALD FELS
  FREDERICK LAWRENCE GRUEL                      KIRK RICHARD NELSON #                                  JOHN DAVID PORTER                           MARK ALLEN SHAW
  MARK HARRY SHAW                               JAIME TAMAYO                                           OTTO TILLMAN WRIGHT



State of........   MASSACHUSETTS
County of.....     WORCESTER

The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period
stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as
herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement
of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions
therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures
manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and
procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also
includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the
enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement.


                        (Signature)                                                  (Signature)                                                       (Signature)
                   JAIME TAMAYO                                              DANIEL PATRICK OLOHAN                                            ROBERT EDWARD MCKENNA
                    1. (Printed Name)                                            2. (Printed Name)                                                 3. (Printed Name)
                   PRESIDENT & CEO                                      SECRETARY, GENERAL COUNSEL, & SVP                                       TREASURER, CAO, & SVP
                           (Title)                                                      (Title)                                                           (Title)

  Subscribed and sworn to before me                                                         a. Is this an original filing?                                    Yes [ X ]   No [ ]
  This                   day of                                      2012                   b. If no       1. State the amendment number
                                                                                                           2. Date filed
                                                                                                           3. Number of pages attached
Annual Statement for the year 2011 of the             STATE WIDE INSURANCE COMPANY
                                                                                  SUMMARY INVESTMENT SCHEDULE
                                                                                                                                                           Gross                                                   Admitted Assets as Reported
                                                                                                                                                    Investment Holdings                                              in the Annual Statement
                                                                                                                                                       1             2                              3                      4                5                                 6
                                                                                                                                                                                                                  Securities Lending      Total
                                                                                                                                                                                                                     Reinvested        (Col. 3 + 4)
                                                      Investment Categories                                                                         Amount             Percentage              Amount             Collateral Amount      Amount                       Percentage
 1. Bonds:
      1.1 U.S. treasury securities......................................................................................................... ...........998,935 ............1.0 ...........998,935 .........................0 ...........998,935 ............1.0
      1.2 U.S. government agency obligations (excluding mortgage-backed securities):
             1.21 Issued by U.S. government agencies.......................................................................... ........3,161,524 ............3.2 ........3,161,524 .........................0 ........3,161,524 ............3.2
             1.22 Issued by U.S. government sponsored agencies........................................................ ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      1.3 Non-U.S. government (including Canada, excluding mortgage-backed securities).............. ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      1.4 Securities issued by states, territories and possessions and political subdivisions in the U.S.:
             1.41 States, territories and possessions general obligations............................................... ........1,181,496 ............1.2 ........1,181,496 .........................0 ........1,181,496 ............1.2
             1.42 Political subdivisions of states, territories & possessions & political
                  subdivisions general obligations.................................................................................. ......13,475,552 ..........13.8 ......13,475,552 .........................0 ......13,475,552 ..........13.8
             1.43 Revenue and assessment obligations......................................................................... ......13,908,684 ..........14.3 ......13,908,684 .........................0 ......13,908,684 ..........14.3
             1.44 Industrial development and similar obligations............................................................ ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      1.5 Mortgage-backed securities (includes residential and commercial MBS):
             1.51 Pass-through securities:
                      1.511 Issued or guaranteed by GNMA....................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
                      1.512 Issued or guaranteed by FNMA and FHLMC.................................................... ........3,571,678 ............3.7 ........3,571,678 .........................0 ........3,571,678 ............3.7
                      1.513 All other............................................................................................................. ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
             1.52 CMOs and REMICs:
                      1.521 Issued or guaranteed by GNMA, FNMA, FHLMC or VA................................... ......14,854,456 ..........15.2 ......14,854,456 .........................0 ......14,854,456 ..........15.2
                     1.522 Issued by non-U.S. Government issuers and collateralized by mortgage-
                           backed securities issued or guaranteed by agencies shown in Line 1.521....... ...........186,915 ............0.2 ...........186,915 .........................0 ...........186,915 ............0.2
                      1.523 All other............................................................................................................. ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
 2. Other debt and other fixed income securities (excluding short-term):
      2.1 Unaffiliated domestic securities (includes credit tenant loans and hybrid securities)........... ......30,880,057 ..........31.7 ......30,880,057 .........................0 ......30,880,057 ..........31.7
      2.2 Unaffiliated non-U.S. securities (including Canada)............................................................. ........7,576,067 ............7.8 ........7,576,067 .........................0 ........7,576,067 ............7.8
      2.3 Affiliated securities................................................................................................................ ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
 3. Equity interests:
      3.1 Investments in mutual funds................................................................................................. ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      3.2 Preferred stocks:
             3.21 Affiliated....................................................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
             3.22 Unaffiliated................................................................................................................... ...........389,132 ............0.4 ...........389,132 .........................0 ...........389,132 ............0.4
      3.3 Publicly traded equity securities (excluding preferred stocks):
             3.31 Affiliated....................................................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
             3.32 Unaffiliated................................................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      3.4 Other equity securities:
             3.41 Affiliated....................................................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
             3.42 Unaffiliated................................................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      3.5 Other equity interests including tangible personal property under lease:
             3.51 Affiliated....................................................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
             3.52 Unaffiliated................................................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
 4. Mortgage loans:
      4.1 Construction and land development..................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      4.2 Agricultural............................................................................................................................ ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      4.3 Single family residential properties....................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      4.4 Multifamily residential properties........................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      4.5 Commercial loans................................................................................................................. ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      4.6 Mezzanine real estate loans................................................................................................. ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
 5. Real estate investments:
      5.1 Property occupied by company............................................................................................. ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      5.2 Property held for production of income (including $..........0 of property
          acquired in satisfaction of debt)............................................................................................ ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
      5.3 Property held for sale (including $..........0 property acquired in satisfaction of debt)........... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
 6. Contract loans............................................................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
 7. Derivatives.................................................................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
 8. Receivables for securities............................................................................................................. ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
 9. Securities lending (Line 10, Asset Page reinvested collateral)..................................................... ......................0 ............0.0 ......................0 .........XXX............ .........XXX......... .........XXX..
10. Cash, cash equivalents and short-term investments.................................................................... ........7,328,355 ............7.5 ........7,328,354 .........................0 ........7,328,354 ............7.5
11. Other invested assets................................................................................................................... ......................0 ............0.0 ......................0 .........................0 ......................0 ............0.0
12. Total invested assets.................................................................................................................... ......97,512,851 ........100.0 ......97,512,850 .........................0 ......97,512,850 ........100.0




                                                                                                                                      SI01
Annual Statement for the year 2011 of the               STATE WIDE INSURANCE COMPANY
                                                               SCHEDULE A - VERIFICATION BETWEEN YEARS
                                                                                                                                   Real Estate
 1.      Book/adjusted carrying value, December 31 of prior year...............................................................................................................................................................                          0
 2.     Cost of acquired:
        2.1       Actual cost at time of acquisition (Part 2, Column 6)..........................................................................................................                                                            0
        2.2       Additional investment made after acquisition (Part 2, Column 9).......................................................................................                                                                     0           0
 3.     Current year change in encumbrances:
        3.1       Totals, Part 1, Column 13...................................................................................................................................................                                               0
        3.2       Totals, Part 3, Column 11...................................................................................................................................................                                               0           0
 4.      Total gain (loss) on disposals, Part 3, Column 18...........................................................................................................................................................................                    0
 5.      Deduct amounts received on disposals, Part 3, Column 15............................................................................................................................................................                             0
 6.     Total foreign exchange change in book/adjusted carrying value:
        6.1       Totals, Part 1, Column 15...................................................................................................................................................                                               0
        6.2       Totals, Part 3, Column 13...................................................................................................................................................                                               0           0
 7.     Deduct current year's other than temporary impairment recognized:
        7.1       Totals, Part 1, Column 12...................................................................................................................................................                                               0
        7.2       Totals, Part 3, Column 10...................................................................................................................................................                                               0           0
 8.     Deduct current year's depreciation:
        8.1       Totals, Part 1, Column 11...................................................................................................................................................                                               0
        8.2       Totals, Part 3, Column 9.....................................................................................................................................................                                              0           0
 9.      Book/adjusted carrying value at end of current period (Lines 1+2+3+4-5+6-7-8)...........................................................................................................................                                        0
 10. Deduct total nonadmitted amounts..................................................................................................................................................................................................                  0
 11. Statement value at end of current period (Line 9 minus Line 10)....................................................................................................................................................                                 0




                                                                 SCHEDULE B - VERIFICATION BETWEEN YEARS
                                                                                                                              Mortgage Loans
 1.      Book value/recorded investment excluding accrued interest, December 31 of prior year...............................................................................................................                                             0
 2.     Cost of acquired:
        2.1       Actual cost at time of acquisition (Part 2, Column 7)..........................................................................................................                                                            0
        2.2       Additional investment made after acquisition (Part 2, Column 8).......................................................................................                                                                     0           0
 3.     Capitalized deferred interest and other:
        3.1       Totals, Part 1, Column 12...................................................................................................................................................                                               0
        3.2       Totals, Part 3, Column 11...................................................................................................................................................                                               0           0
 4.     Accrual of discount...........................................................................................................................................................................................................................   0
 5.     Unrealized valuation increase (decrease):
        5.1       Totals, Part 1, Column 9.....................................................................................................................................................                                              0



                                                                                                                    NONE
        5.2       Totals, Part 3, Column 8.....................................................................................................................................................                                              0           0
 6.      Total gain (loss) on disposals, Part 3, Column 18...........................................................................................................................................................................                    0
 7.      Deduct amounts received on disposals, Part 3, Column 15............................................................................................................................................................                             0
 8.      Deduct amortization of premium and mortgage interest points and commitment fees....................................................................................................................                                             0
 9.     Total foreign exchange change in book value/recorded investment excluding accrued interest:
        9.1       Totals, Part 1, Column 13...................................................................................................................................................                                               0
        9.2       Totals, Part 3, Column 13...................................................................................................................................................                                               0           0
 10. Deduct current year's other than temporary impairment recognized:
        10.1 Totals, Part 1, Column 11...................................................................................................................................................                                                    0
        10.2 Totals, Part 3, Column 10...................................................................................................................................................                                                    0           0
 11. Book value/recorded investment excluding accrued interest at end of current period (Lines 1+2+3+4+5+6-7-8+9-10).................................................................                                                                    0
 12. Total valuation allowance.................................................................................................................................................................................................................          0
 13. Subtotal (Line 11 plus Line 12)........................................................................................................................................................................................................             0
 14. Deduct total nonadmitted amounts..................................................................................................................................................................................................                  0
 15. Statement value at end of current period (Line 13 minus Line 14)..................................................................................................................................................                                  0




                                                                                                                                               SI02
Annual Statement for the year 2011 of the               STATE WIDE INSURANCE COMPANY
                                                              SCHEDULE BA - VERIFICATION BETWEEN YEARS
                                                                                                           Other Long-Term Invested Assets
 1.     Book/adjusted carrying value, December 31 of prior year...............................................................................................................................................................                                   0
 2.     Cost of acquired:
        2.1      Actual cost at time of acquisition (Part 2, Column 8)..........................................................................................................                                                             0
        2.2      Additional investment made after acquisition (Part 2, Column 9).......................................................................................                                                                      0                   0
 3.     Capitalized deferred interest and other:
         3.1 Totals, Part 1, Column 16...................................................................................................................................................                                                    0
         3.2 Totals, Part 3, Column 12...................................................................................................................................................                                                    0                   0
 4.     Accrual of discount...........................................................................................................................................................................................................................           0
 5.     Unrealized valuation increase (decrease):



                                                                                                                    NONE
         5.1 Totals, Part 1, Column 13...................................................................................................................................................                                                    0
         5.2 Totals, Part 3, Column 9.....................................................................................................................................................                                                   0                   0
 6.      Total gain (loss) on disposals, Part 3, Column 19...........................................................................................................................................................................                            0
 7.     Deduct amounts received on disposals, Part 3, Column 16............................................................................................................................................................                                      0
 8.      Deduct amortization of premium and depreciation..........................................................................................................................................................................                               0
 9.     Total foreign exchange change in book/adjusted carrying value:
         9.1 Totals, Part 1, Column 17...................................................................................................................................................                                                    0
         9.2 Totals, Part 3, Column 14...................................................................................................................................................                                                    0                   0
 10. Deduct current year's other than temporary impairment recognized:
         10.1 Totals, Part 1, Column 15...................................................................................................................................................                                                   0
         10.2 Totals, Part 3, Column 11...................................................................................................................................................                                                   0                   0
 11. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5+6-7-8+9-10).................................................................................................................                                                         0
 12. Deduct total nonadmitted amounts..................................................................................................................................................................................................                          0
 13. Statement value at end of current period (Line 11 minus Line 12)..................................................................................................................................................                                          0




                                                               SCHEDULE D - VERIFICATION BETWEEN YEARS
                                                                                                                            Bonds and Stocks
 1.     Book/adjusted carrying value, December 31 of prior year...............................................................................................................................................................                           86,986,578
 2.     Cost of bonds and stocks acquired, Part 3, Column 7.....................................................................................................................................................................                         37,319,694
 3.     Accrual of discount...........................................................................................................................................................................................................................      86,794
 4.     Unrealized valuation increase (decrease):
        4.1      Part 1, Column 12...............................................................................................................................................................                                   12,098
        4.2      Part 2, Section 1, Column 15..............................................................................................................................................                                                  0
        4.3      Part 2, Section 2, Column 13..............................................................................................................................................                                                  0
        4.4      Part 4, Column 11...............................................................................................................................................................                                   92,317                 104,415
 5.      Total gain (loss) on disposals, Part 4, Column 19...........................................................................................................................................................................                      903,368
 6.     Deduct consideration for bonds and stocks disposed of, Part 4, Column 7.....................................................................................................................................                                     34,891,485
 7.     Deduct amortization of premium......................................................................................................................................................................................................               324,868
 8.     Total foreign exchange change in book/adjusted carrying value:
         8.1 Part 1, Column 15...............................................................................................................................................................                                                0
         8.2 Part 2, Section 1, Column 19..............................................................................................................................................                                                      0
         8.3 Part 2, Section 2, Column 16..............................................................................................................................................                                                      0
         8.4 Part 4, Column 15...............................................................................................................................................................                                                0                   0
 9.     Deduct current year's other than temporary impairment recognized:
        9.1      Part 1, Column 14...............................................................................................................................................................                                            0
        9.2      Part 2, Section 1, Column 17..............................................................................................................................................                                                  0
        9.3      Part 2, Section 2, Column 14..............................................................................................................................................                                                  0
        9.4      Part 4, Column 13...............................................................................................................................................................                                            0                   0
 10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9).......................................................................................................................                                              90,184,496
 11. Deduct total nonadmitted amounts..................................................................................................................................................................................................                          0
 12. Statement value at end of current period (Line 10 minus Line 11)..................................................................................................................................................                                  90,184,496




                                                                                                                                               SI03
Annual Statement for the year 2011 of the    STATE WIDE INSURANCE COMPANY
                                                          SCHEDULE D - SUMMARY BY COUNTRY
                                                     Long-Term Bonds and Stocks OWNED December 31 of Current Year
                                                                                                                            1                                    2                                     3                                     4
                                                                                                                  Book/Adjusted                                                                                                        Par Value
                                            Description                                                           Carrying Value                           Fair Value                           Actual Cost                            of Bonds
                       BONDS                              1. United States....................... ......................6,109,598 ......................6,590,592 ......................6,154,709 ......................5,842,001
Governments (Including all obligations                    2. Canada................................ ....................................0 ....................................0 ....................................0 ....................................0
guaranteed by governments)                                3. Other Countries................... ....................................0 ....................................0 ....................................0 ....................................0
                                                          4. Totals................................... ......................6,109,598 ......................6,590,592 ......................6,154,709 ......................5,842,001
U.S. States, Territories and Possessions
(Direct and guaranteed)                                   5. Totals................................... ......................1,181,496 ......................1,223,014 ......................1,186,032 ......................1,185,000
U.S. Political Subdivisions of States, Territories
and Possessions (Direct and guaranteed)                   6. Totals................................... ....................13,475,552 ....................13,912,936 ....................13,256,642 ....................16,050,000
U.S. Special Revenue and Special Assessment
Obligations and All Non-Guaranteed Obligations
of Agencies and Authorities of Governments
and Their Political Subdivisions                          7. Totals................................... ....................32,334,818 ....................33,180,184 ....................32,441,631 ....................31,205,265
Industrial and Miscellaneous and Hybrid                   8. United States....................... ....................29,117,835 ....................30,052,460 ....................29,293,558 ....................28,402,248
Securities (Unaffiliated)                                 9. Canada................................ ......................1,542,683 ......................1,575,480 ......................1,555,175 ......................1,500,000
                                                          10. Other Countries................... ......................6,033,382 ......................6,141,190 ......................6,047,141 ......................6,000,000
                                                          11. Totals................................... ....................36,693,900 ....................37,769,130 ....................36,895,874 ....................35,902,248
Parent, Subsidiaries and Affiliates                       12. Totals................................... ....................................0 ....................................0 ....................................0 ....................................0
                                                          13. Total Bonds........................ ....................89,795,364 ....................92,675,856 ....................89,934,888 ....................90,184,514
              PREFERRED STOCKS                            14. United States....................... .........................389,132 .........................307,500 .........................387,500
Industrial and Miscellaneous (Unaffiliated)               15. Canada................................ ....................................0 ....................................0 ....................................0
                                                          16. Other Countries................... ....................................0 ....................................0 ....................................0
                                                          17. Totals................................... .........................389,132 .........................307,500 .........................387,500
Parent, Subsidiaries and Affiliates                       18. Totals................................... ....................................0 ....................................0 ....................................0
                                                          19. Total Preferred Stocks...... .........................389,132 .........................307,500 .........................387,500
                COMMON STOCKS                             20. United States....................... ....................................0 ....................................0 ....................................0
Industrial and Miscellaneous (Unaffiliated)               21. Canada................................ ....................................0 ....................................0 ....................................0
                                                          22. Other Countries................... ....................................0 ....................................0 ....................................0
                                                          23. Totals................................... ....................................0 ....................................0 ....................................0
Parent, Subsidiaries and Affiliates                       24. Totals................................... ....................................0 ....................................0 ....................................0
                                                          25. Total Common Stocks....... ....................................0 ....................................0 ....................................0
                                                          26. Total Stocks....................... .........................389,132 .........................307,500 .........................387,500
                                                          27. Total Bonds and Stocks.... ....................90,184,496 ....................92,983,356 ....................90,322,388




                                                                                                                        SI04
            Annual Statement for the year 2011 of the                STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                             SCHEDULE D - PART 1A - SECTION 1
                                                                                         Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations
                                                                                                                                     1                             2                                3                                 4                                     5                               6                                 7                                8                                  9                               10                               11
                                          Quality Rating per the                                                                  1 Year                      Over 1 Year                      Over 5 Years                     Over 10 Years                            Over 20                          Total                         Column 6 as a                 Total from Column                     % from Col. 7                       Total                             Total
                                             NAIC Designation                                                                     or Less                   Through 5 Years                  Through 10 Years                  Through 20 Years                           Years                        Current Year                     % of Line 9.7                    6 Prior Year                        Prior Year                    Publicly Traded                Privately Placed (a)
       1.          U.S. Governments
             1.1   Class 1.........................................................................................     ...................162,078        ................1,916,310         ................1,567,778         ................2,463,432         ..............................0   ................6,109,598         ...........................6.8   ..............10,291,430          .........................12.0    ................6,109,598         ..............................0
             1.2   Class 2.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             1.3   Class 3.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             1.4   Class 4.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             1.5   Class 5.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             1.6   Class 6.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             1.7   Totals............................................................................................   ...................162,078        ................1,916,310         ................1,567,778         ................2,463,432         ..............................0   ................6,109,598         ...........................6.8   ..............10,291,430          .........................12.0    ................6,109,598         ..............................0
       2.          All Other Governments
             2.1   Class 1.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             2.2   Class 2.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             2.3   Class 3.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             2.4   Class 4.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             2.5   Class 5.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             2.6   Class 6.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             2.7   Totals............................................................................................   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
       3.          U.S. States, Territories and Possessions, etc., Guaranteed
             3.1   Class 1.........................................................................................     ...................385,234        ..............................0   ...................249,615        ...................546,647        ..............................0   ................1,181,496         ...........................1.3   ................2,178,121         ...........................2.5   ................1,181,495         ..............................0
             3.2   Class 2.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             3.3   Class 3.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
SI05




             3.4   Class 4.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             3.5   Class 5.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             3.6   Class 6.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             3.7   Totals............................................................................................   ...................385,234        ..............................0   ...................249,615        ...................546,647        ..............................0   ................1,181,496         ...........................1.3   ................2,178,121         ...........................2.5   ................1,181,495         ..............................0
       4.          U.S. Political Subdivisions of States, Territories and
                   Possessions, Guaranteed
             4.1   Class 1.........................................................................................     ...................500,000        ................2,968,923         ................5,560,306         ................4,198,077         ..............................0   ..............13,227,306          .........................14.7    ..............14,608,575          .........................17.0    ..............13,227,306          ..............................0
             4.2   Class 2.........................................................................................     ..............................0   ..............................0   ..............................0   ...................248,246        ..............................0   ...................248,246        ...........................0.3   ...................248,149        ...........................0.3   ...................248,246        ..............................0
             4.3   Class 3.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             4.4   Class 4.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             4.5   Class 5.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             4.6   Class 6.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             4.7   Totals............................................................................................   ...................500,000        ................2,968,923         ................5,560,306         ................4,446,323         ..............................0   ..............13,475,552          .........................15.0    ..............14,856,724          .........................17.3    ..............13,475,552          ..............................0
       5.          U.S. Special Revenue & Special Assessment Obligations,
                   etc., Non-Guaranteed
             5.1   Class 1.........................................................................................     ................1,880,506         ................7,404,388         ..............11,912,167          ................7,405,283         ................2,262,728         ..............30,865,072          .........................34.4    ..............24,605,320          .........................28.7    ..............30,865,071          ..............................0
             5.2   Class 2.........................................................................................     ...................249,769        .....................19,925       ................1,200,052         ..............................0   ..............................0   ................1,469,746         ...........................1.6   ................1,112,787         ...........................1.3   ................1,469,746         ..............................0
             5.3   Class 3.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             5.4   Class 4.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             5.5   Class 5.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             5.6   Class 6.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ...........................0.0   ..............................0   ...........................0.0   ..............................0   ..............................0
             5.7   Totals............................................................................................   ................2,130,275         ................7,424,313         ..............13,112,219          ................7,405,283         ................2,262,728         ..............32,334,818          .........................36.0    ..............25,718,107          .........................30.0    ..............32,334,817          ..............................0
            Annual Statement for the year 2011 of the             STATE WIDE INSURANCE COMPANY
                                                                                                                                                                 SCHEDULE D - PART 1A - SECTION 1 (continued)
                                                                                     Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations
                                                                                                                              1                             2                               3                               4                                   5                              6                               7                               8                                 9                              10                               11
                                           Quality Rating per the                                                          1 Year                      Over 1 Year                     Over 5 Years                   Over 10 Years                          Over 20                         Total                       Column 6 as a                Total from Column                    % from Col. 7                      Total                             Total
                                            NAIC Designation                                                               or Less                   Through 5 Years                 Through 10 Years                Through 20 Years                         Years                       Current Year                   % of Line 9.7                   6 Prior Year                       Prior Year                   Publicly Traded                Privately Placed (a)
       6.        Industrial and Miscellaneous (unaffiliated)
             6.1 Class 1......................................................................................... ................1,337,858 ................9,433,225 ..............13,535,097 ...................179,008 ................2,037,870 ..............26,523,058 .........................29.5                                           ..............21,618,089 .........................25.2           ..............19,729,135 ................6,793,922
             6.2 Class 2......................................................................................... ..............................0 ................2,041,643 ................5,036,024 ...................749,908 ................2,343,269 ..............10,170,844 .........................11.3                                    ..............11,207,475 .........................13.1           ..............10,170,843 ..............................0
             6.3 Class 3......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             6.4 Class 4......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             6.5 Class 5......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             6.6 Class 6......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             6.7 Totals............................................................................................ ................1,337,858 ..............11,474,868 ..............18,571,121 ...................928,916 ................4,381,139 ..............36,693,902 .........................40.9                                          ..............32,825,564 .........................38.2           ..............29,899,978 ................6,793,922
       7.        Hybrid Securities
             7.1 Class 1......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             7.2 Class 2......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             7.3 Class 3......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             7.4 Class 4......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             7.5 Class 5......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             7.6 Class 6......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             7.7 Totals............................................................................................ ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0   ..............................0 ...........................0.0   ..............................0 ..............................0
       8.        Parent, Subsidiaries and Affiliates
SI06




             8.1 Class 1......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             8.2 Class 2......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             8.3 Class 3......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             8.4 Class 4......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             8.5 Class 5......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             8.6 Class 6......................................................................................... ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0     ..............................0 ...........................0.0   ..............................0 ..............................0
             8.7 Totals............................................................................................ ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ..............................0 ...........................0.0   ..............................0 ...........................0.0   ..............................0 ..............................0
            Annual Statement for the year 2011 of the                STATE WIDE INSURANCE COMPANY
                                                                                                                                                                          SCHEDULE D - PART 1A - SECTION 1 (continued)
                                                                                         Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations
                                                                                                                                     1                             2                                3                                 4                                     5                                6                                7                                  8                                  9                                10                                11
                                          Quality Rating per the                                                                  1 Year                      Over 1 Year                      Over 5 Years                     Over 10 Years                            Over 20                           Total                        Column 6 as a                   Total from Column                     % from Col. 7                        Total                              Total
                                             NAIC Designation                                                                     or Less                   Through 5 Years                  Through 10 Years                  Through 20 Years                           Years                         Current Year                    % of Line 9.7                      6 Prior Year                        Prior Year                     Publicly Traded                 Privately Placed (a)
       9.          Total Bonds Current Year
             9.1   Class 1.........................................................................................     (d)............4,265,676          ..............21,722,846          ..............32,824,963          ..............14,792,447          ................4,300,598         ..............77,906,530           .........................86.8    ..............XXX............      ..............XXX............     ..............71,112,605          ................6,793,922
             9.2   Class 2.........................................................................................     (d)...............249,769         ................2,061,568         ................6,236,076         ...................998,154        ................2,343,269         ..............11,888,836           .........................13.2    ..............XXX............      ..............XXX............     ..............11,888,835          ..............................0
             9.3   Class 3.........................................................................................     (d)..........................0    ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0   ..............XXX............      ..............XXX............     ..............................0   ..............................0
             9.4   Class 4.........................................................................................     (d)..........................0    ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0   ..............XXX............      ..............XXX............     ..............................0   ..............................0
             9.5   Class 5.........................................................................................     (d)..........................0    ..............................0   ..............................0   ..............................0   ..............................0   (c)..........................0     ...........................0.0   ..............XXX............      ..............XXX............     ..............................0   ..............................0
             9.6   Class 6.........................................................................................     (d)..........................0    ..............................0   ..............................0   ..............................0   ..............................0   (c)..........................0     ...........................0.0   ..............XXX............      ..............XXX............     ..............................0   ..............................0
             9.7   Totals............................................................................................   ................4,515,445         ..............23,784,414          ..............39,061,039          ..............15,790,601          ................6,643,867         (b)..........89,795,366            .......................100.0     ..............XXX............      ..............XXX............     ..............83,001,440          ................6,793,922
             9.8   Line 9.7 as a % of Col. 6..............................................................              ...........................5.0    .........................26.5     .........................43.5     .........................17.6     ...........................7.4    .......................100.0      ..............XXX............     ..............XXX............      ..............XXX............     .........................92.4     ...........................7.6
       10.         Total Bonds Prior Year
         10.1      Class 1.........................................................................................     ................4,789,578         ..............21,933,546          ..............27,145,781          ..............15,512,030          ................3,920,600         ..............XXX............     ..............XXX............     ..............73,301,535            .........................85.4    ..............66,371,446          ................6,930,089
         10.2      Class 2.........................................................................................     ..............................0   ................1,299,977         ................6,711,041         ...................998,084        ................3,559,309         ..............XXX............     ..............XXX............     ..............12,568,411            .........................14.6    ..............12,568,411          ..............................0
         10.3      Class 3.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............XXX............     ..............XXX............     ..............................0     ...........................0.0   ..............................0   ..............................0
         10.4      Class 4.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............XXX............     ..............XXX............     ..............................0     ...........................0.0   ..............................0   ..............................0
         10.5      Class 5.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............XXX............     ..............XXX............     (c)..........................0      ...........................0.0   ..............................0   ..............................0
         10.6      Class 6.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............XXX............     ..............XXX............     (c)..........................0      ...........................0.0   ..............................0   ..............................0
         10.7      Totals............................................................................................   ................4,789,578         ..............23,233,523          ..............33,856,822          ..............16,510,114          ................7,479,909         ..............XXX............     ..............XXX............     (b)..........85,869,946             .......................100.0     ..............78,939,857          ................6,930,089
         10.8      Line 10.7 as a % of Col. 8............................................................               ...........................5.6    .........................27.1     .........................39.4     .........................19.2     ...........................8.7    ..............XXX............     ..............XXX............     .......................100.0       ..............XXX............     .........................91.9     ...........................8.1
       11.         Total Publicly Traded Bonds
         11.1      Class 1.........................................................................................     ................3,218,847         ..............18,540,813          ..............30,462,274          ..............14,626,898          ................4,263,775         ..............71,112,607           .........................79.2     ..............66,371,446           .........................77.3    ..............71,112,607          ..............XXX............
SI07




         11.2      Class 2.........................................................................................     ...................249,769        ................2,061,568         ................6,236,075         ...................998,154        ................2,343,269         ..............11,888,835           .........................13.2     ..............12,568,411           .........................14.6    ..............11,888,835          ..............XXX............
         11.3      Class 3.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0    ..............................0    ...........................0.0   ..............................0   ..............XXX............
         11.4      Class 4.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0    ..............................0    ...........................0.0   ..............................0   ..............XXX............
         11.5      Class 5.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0    ..............................0    ...........................0.0   ..............................0   ..............XXX............
         11.6      Class 6.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0    ..............................0    ...........................0.0   ..............................0   ..............XXX............
         11.7      Totals............................................................................................   ................3,468,616         ..............20,602,381          ..............36,698,349          ..............15,625,052          ................6,607,044         ..............83,001,442           .........................92.4     ..............78,939,857           .........................91.9    ..............83,001,442          ..............XXX............
         11.8      Line 11.7 as a % of Col. 6............................................................               ...........................4.2    .........................24.8     .........................44.2     .........................18.8     ...........................8.0    .......................100.0      ..............XXX............     ..............XXX............      ..............XXX............     .......................100.0      ..............XXX............
         11.9      Line 11.7 as a % of Line 9.7, Col. 6, Section 9............................                          ...........................3.9    .........................22.9     .........................40.9     .........................17.4     ...........................7.4    .........................92.4     ..............XXX............     ..............XXX............      ..............XXX............     .........................92.4     ..............XXX............
       12.         Total Privately Placed Bonds
         12.1      Class 1.........................................................................................     ................1,046,828         ................3,182,033         ................2,362,689         ...................165,549        .....................36,824       ................6,793,923          ...........................7.6    ................6,930,089          ...........................8.1   ..............XXX............     ................6,793,923
         12.2      Class 2.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0    ..............................0    ...........................0.0   ..............XXX............     ..............................0
         12.3      Class 3.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0    ..............................0    ...........................0.0   ..............XXX............     ..............................0
         12.4      Class 4.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0    ..............................0    ...........................0.0   ..............XXX............     ..............................0
         12.5      Class 5.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0    ..............................0    ...........................0.0   ..............XXX............     ..............................0
         12.6      Class 6.........................................................................................     ..............................0   ..............................0   ..............................0   ..............................0   ..............................0   ..............................0    ...........................0.0    ..............................0    ...........................0.0   ..............XXX............     ..............................0
         12.7      Totals............................................................................................   ................1,046,828         ................3,182,033         ................2,362,689         ...................165,549        .....................36,824       ................6,793,923          ...........................7.6    ................6,930,089          ...........................8.1   ..............XXX............     ................6,793,923
         12.8      Line 12.7 as a % of Col. 6............................................................               .........................15.4     .........................46.8     .........................34.8     ...........................2.4    ...........................0.5    .......................100.0      ..............XXX............     ..............XXX............      ..............XXX............     ..............XXX............     .......................100.0
         12.9      Line 12.7 as a % of Line 9.7, Col. 6, Section 9............................                          ...........................1.2    ...........................3.5    ...........................2.6    ...........................0.2    ...........................0.0    ...........................7.6    ..............XXX............     ..............XXX............      ..............XXX............     ..............XXX............     ...........................7.6
            (a)    Includes $.....6,793,922 freely tradable under SEC Rule 144 or qualified for resale under SEC Rule 144A.
            (b)    Includes $..........0 current year, $.....954,976 prior year of bonds with Z designations and $..........0 current year, $.....954,976 prior year of bonds with Z* designations. The letter "Z" means the NAIC designation was not assigned by the
                   Securities Valuation Office (SVO) at the date of the statement. "Z*" means the SVO could not evaluate the obligation because valuation procedures for the security class are under regulatory review.
            (c)    Includes $..........0 current year, $..........0 prior year of bonds with 5* designations and $..........0 current year, $..........0 prior year of bonds with 6* designations. "5*" means the NAIC designation was assigned by the SVO in reliance on
                   the insurer's certification that the issuer is current in all principal and interest payments. "6*" means the NAIC designation was assigned by the SVO due to inadequate certification of principal and interest payments.
            (d)    Includes the following amount of non-rated short-term and cash equivalent bonds by NAIC designation: NAIC 1 $............0; NAIC 2 $............0; NAIC 3 $............0; NAIC 4 $............0; NAIC 5 $............0; NAIC 6 $............0.
            Annual Statement for the year 2011 of the                STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                              SCHEDULE D - PART 1A - SECTION 2
                                                                                                                   Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues
                                                                                                                                             1                             2                                3                                4                                   5                              6                                 7                                8                                 9                              10                               11
                                                                                                                                          1 Year                      Over 1 Year                      Over 5 Years                    Over 10 Years                          Over 20                         Total                         Column 6 as a                 Total from Column                    % from Col. 7                      Total                             Total
                                               Distribution by Type                                                                       or Less                   Through 5 Years                  Through 10 Years                 Through 20 Years                         Years                       Current Year                     % of Line 9.5                    6 Prior Year                       Prior Year                   Publicly Traded                  Privately Placed
       1.          U.S. Governments
             1.1   Issuer Obligations.................................................................................          ..............................0   ................1,292,478         ...................998,935        ..............1,869,046         ............................0   ................4,160,459         ...........................4.6   ................8,222,737         .........................9.6   ................4,160,459         ............................0
             1.2   Residential Mortgage-Backed Securities.............................................                          ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             1.3   Commercial Mortgage-Backed Securities............................................                            ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             1.4   Other Loan-Backed and Structured Securities.....................................                             ...................162,078        ...................623,832        ...................568,843        .................594,387        ............................0   ................1,949,140         ...........................2.2   ................2,068,693         .........................2.4   ................1,949,139         ............................0
             1.5   Totals....................................................................................................   ...................162,078        ................1,916,310         ................1,567,778         ..............2,463,433         ............................0   ................6,109,599         ...........................6.8   ..............10,291,430          .......................12.0    ................6,109,598         ............................0
       2.          All Other Governments
             2.1   Issuer Obligations.................................................................................          ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             2.2   Residential Mortgage-Backed Securities.............................................                          ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             2.3   Commercial Mortgage-Backed Securities............................................                            ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             2.4   Other Loan-Backed and Structured Securities.....................................                             ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             2.5   Totals....................................................................................................   ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
       3.          U.S. States, Territories and Possessions, Guaranteed
             3.1   Issuer Obligations.................................................................................          ...................385,234        ..............................0   ...................249,615        .................546,647        ............................0   ................1,181,496         ...........................1.3   ................2,178,121         .........................2.5   ................1,181,495         ............................0
             3.2   Residential Mortgage-Backed Securities.............................................                          ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             3.3   Commercial Mortgage-Backed Securities............................................                            ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             3.4   Other Loan-Backed and Structured Securities.....................................                             ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             3.5   Totals....................................................................................................   ...................385,234        ..............................0   ...................249,615        .................546,647        ............................0   ................1,181,496         ...........................1.3   ................2,178,121         .........................2.5   ................1,181,495         ............................0
       4.          U.S. Political Subdivisions of States, Territories and
                   Possessions, Guaranteed
             4.1   Issuer Obligations.................................................................................          ...................500,000        ................2,968,923         ................5,560,306         ..............4,446,323         ............................0   ..............13,475,552          .........................15.0    ..............14,856,724          .......................17.3    ..............13,475,552          ............................0
             4.2   Residential Mortgage-Backed Securities.............................................                          ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
SI08




             4.3   Commercial Mortgage-Backed Securities............................................                            ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             4.4   Other Loan-Backed and Structured Securities.....................................                             ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             4.5   Totals....................................................................................................   ...................500,000        ................2,968,923         ................5,560,306         ..............4,446,323         ............................0   ..............13,475,552          .........................15.0    ..............14,856,724          .......................17.3    ..............13,475,552          ............................0
       5.          U.S. Special Revenue & Special Assessment Obligations, etc.,
                   Non-Guaranteed
             5.1   Issuer Obligations.................................................................................          ...................519,769        ................3,357,065         ................6,019,498         ..............2,015,799         ..............1,747,352         ..............13,659,483          .........................15.2    ..............15,877,246          .......................18.5    ..............13,659,484          ............................0
             5.2   Residential Mortgage-Backed Securities.............................................                          ................1,610,506         ................4,067,248         ................6,843,520         ..............5,389,484         .................515,376        ..............18,426,134          .........................20.5    ................9,840,861         .......................11.5    ..............18,426,134          ............................0
             5.3   Commercial Mortgage-Backed Securities............................................                            ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             5.4   Other Loan-Backed and Structured Securities.....................................                             ..............................0   ..............................0   ...................249,200        ............................0   ............................0   ...................249,200        ...........................0.3   ..............................0   .........................0.0   ...................249,200        ............................0
             5.5   Totals....................................................................................................   ................2,130,275         ................7,424,313         ..............13,112,218          ..............7,405,283         ..............2,262,728         ..............32,334,817          .........................36.0    ..............25,718,107          .......................30.0    ..............32,334,818          ............................0
       6.          Industrial and Miscellaneous (unaffiliated)
             6.1   Issuer Obligations.................................................................................          ................1,249,657         ..............11,224,064          ..............18,389,218          .................749,908        ..............4,343,760         ..............35,956,607          .........................40.0    ..............31,870,588          .......................37.1    ..............29,713,063          ..............6,243,543
             6.2   Residential Mortgage-Backed Securities.............................................                          .....................41,250       .....................92,867       .....................38,784       ...................13,459       ........................555     ...................186,915        ...........................0.2   ...................303,278        .........................0.4   ...................186,915        ............................0
             6.3   Commercial Mortgage-Backed Securities............................................                            ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ...................651,697        .........................0.8   ..............................0   ............................0
             6.4   Other Loan-Backed and Structured Securities.....................................                             .....................46,951       ...................157,936        ...................143,119        .................165,549        ...................36,824       ...................550,379        ...........................0.6   ..............................0   .........................0.0   ..............................0   .................550,379
             6.5   Totals....................................................................................................   ................1,337,858         ..............11,474,867          ..............18,571,121          .................928,916        ..............4,381,139         ..............36,693,901          .........................40.9    ..............32,825,563          .......................38.2    ..............29,899,978          ..............6,793,922
       7.          Hybrid Securities
             7.1   Issuer Obligations.................................................................................          ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             7.2   Residential Mortgage-Backed Securities.............................................                          ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             7.3   Commercial Mortgage-Backed Securities............................................                            ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             7.4   Other Loan-Backed and Structured Securities.....................................                             ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             7.5   Totals....................................................................................................   ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
       8.          Parent, Subsidiaries and Affiliates
             8.1   Issuer Obligations.................................................................................          ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             8.2   Residential Mortgage-Backed Securities.............................................                          ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             8.3   Commercial Mortgage-Backed Securities............................................                            ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             8.4   Other Loan-Backed and Structured Securities.....................................                             ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
             8.5   Totals....................................................................................................   ..............................0   ..............................0   ..............................0   ............................0   ............................0   ..............................0   ...........................0.0   ..............................0   .........................0.0   ..............................0   ............................0
            Annual Statement for the year 2011 of the           STATE WIDE INSURANCE COMPANY
                                                                                                                                                        SCHEDULE D - PART 1A - SECTION 2 (continued)
                                                                                                        Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues
                                                                                                                              1                            2                            3                             4                              5                            6                             7                              8                             9                            10                           11
                                                                                                                           1 Year                     Over 1 Year                  Over 5 Years                 Over 10 Years                     Over 20                       Total                     Column 6 as a               Total from Column                % from Col. 7                    Total                         Total
                                               Distribution by Type                                                        or Less                  Through 5 Years              Through 10 Years              Through 20 Years                    Years                     Current Year                 % of Line 9.5                  6 Prior Year                   Prior Year                 Publicly Traded              Privately Placed
       9.        Total Bonds Current Year
             9.1 Issuer Obligations................................................................................. ................2,654,660 ..............18,842,530 ..............31,217,572 ..............9,627,723 ..............6,091,112 ..............68,433,597 .........................76.2 ..............XXX............ ..............XXX.......... ..............62,190,053 ..............6,243,543
             9.2 Residential Mortgage-Backed Securities............................................. ................1,651,756 ................4,160,115 ................6,882,304 ..............5,402,943 .................515,931 ..............18,613,049 .........................20.7 ..............XXX............ ..............XXX.......... ..............18,613,049 ............................0
             9.3 Commercial Mortgage-Backed Securities............................................ ..............................0 ..............................0 ..............................0 ............................0 ............................0 ..............................0 ...........................0.0 ..............XXX............ ..............XXX.......... ..............................0 ............................0
             9.4 Other Loan-Backed and Structured Securities..................................... ...................209,029 ...................781,768 ...................961,162 .................759,936 ...................36,824 ................2,748,719 ...........................3.1 ..............XXX............ ..............XXX.......... ................2,198,339 .................550,379
             9.5 Totals.................................................................................................... ................4,515,445 ..............23,784,413 ..............39,061,038 ............15,790,602 ..............6,643,867 ..............89,795,365 .......................100.0 ..............XXX............ ..............XXX.......... ..............83,001,441 ..............6,793,922
             9.6 Line 9.5 as a % of Col. 6...................................................................... ...........................5.0 .........................26.5 .........................43.5 .......................17.6 .........................7.4 .......................100.0 ..............XXX............ ..............XXX............ ..............XXX.......... .........................92.4 .........................7.6
       10.       Total Bonds Prior Year
            10.1 Issuer Obligations................................................................................. ................2,740,000 ..............17,028,335 ..............31,643,324 ............14,206,350 ..............7,387,407 ..............XXX............ ..............XXX............ ..............73,005,416 .......................85.0 ..............66,727,026 ..............6,278,392
            10.2 Residential Mortgage-Backed Securities............................................. ................1,872,212 ................5,376,301 ................1,436,589 ..............1,418,610 ...................40,428 ..............XXX............ ..............XXX............ ..............10,144,140 .......................11.8 ..............10,144,139 ............................0
            10.3 Commercial Mortgage-Backed Securities............................................ .....................54,689 ...................184,071 ...................167,026 .................193,837 ...................52,074 ..............XXX............ ..............XXX............ ...................651,697 .........................0.8 ..............................0 .................651,696
            10.4 Other Loan-Backed and Structured Securities..................................... ...................122,678 ...................644,815 ...................609,883 .................691,316 ............................0 ..............XXX............ ..............XXX............ ................2,068,692 .........................2.4 ................2,068,692 ............................0
            10.5 Totals.................................................................................................... ................4,789,579 ..............23,233,522 ..............33,856,822 ............16,510,113 ..............7,479,909 ..............XXX............ ..............XXX............ ..............85,869,945 .....................100.0 ..............78,939,857 ..............6,930,088
            10.6 Line 10.5 as a % of Col. 8.................................................................... ...........................5.6 .........................27.1 .........................39.4 .......................19.2 .........................8.7 ..............XXX............ ..............XXX............ .......................100.0 ..............XXX.......... .........................91.9 .........................8.1
       11.       Total Publicly Traded Bonds
            11.1 Issuer Obligations................................................................................. ................1,654,783 ..............15,818,434 ..............28,998,002 ..............9,627,722 ..............6,091,112 ..............62,190,053 .........................69.3 ..............66,727,026 .......................77.7 ..............62,190,053 ..............XXX..........
            11.2 Residential Mortgage-Backed Securities............................................. ................1,651,755 ................4,160,115 ................6,882,304 ..............5,402,943 .................515,931 ..............18,613,048 .........................20.7 ..............10,144,139 .......................11.8 ..............18,613,048 ..............XXX..........
SI09




            11.3 Commercial Mortgage-Backed Securities............................................ ..............................0 ..............................0 ..............................0 ............................0 ............................0 ..............................0 ...........................0.0 ..............................0 .........................0.0 ..............................0 ..............XXX..........
            11.4 Other Loan-Backed and Structured Securities..................................... ...................162,078 ...................623,832 ...................818,043 .................594,387 ............................0 ................2,198,340 ...........................2.4 ................2,068,692 .........................2.4 ................2,198,340 ..............XXX..........
            11.5 Totals.................................................................................................... ................3,468,616 ..............20,602,381 ..............36,698,349 ............15,625,052 ..............6,607,043 ..............83,001,441 .........................92.4 ..............78,939,857 .......................91.9 ..............83,001,441 ..............XXX..........
            11.6 Line 11.5 as a % of Col. 6.................................................................... ...........................4.2 .........................24.8 .........................44.2 .......................18.8 .........................8.0 .......................100.0 ..............XXX............ ..............XXX............ ..............XXX.......... .......................100.0 ..............XXX..........
            11.7 Line 11.5 as a % of Line 9.5, Col. 6, Section 9.................................... ...........................3.9 .........................22.9 .........................40.9 .......................17.4 .........................7.4 .........................92.4 ..............XXX............ ..............XXX............ ..............XXX.......... .........................92.4 ..............XXX..........
       12.       Total Privately Placed Bonds
            12.1 Issuer Obligations................................................................................. ...................999,877 ................3,024,097 ................2,219,570 ............................0 ............................0 ................6,243,544 ...........................7.0 ................6,278,392 .........................7.3 ..............XXX............ ..............6,243,544
            12.2 Residential Mortgage-Backed Securities............................................. ..............................0 ..............................0 ..............................0 ............................0 ............................0 ..............................0 ...........................0.0 ..............................0 .........................0.0 ..............XXX............ ............................0
            12.3 Commercial Mortgage-Backed Securities............................................ ..............................0 ..............................0 ..............................0 ............................0 ............................0 ..............................0 ...........................0.0 ...................651,696 .........................0.8 ..............XXX............ ............................0
            12.4 Other Loan-Backed and Structured Securities..................................... .....................46,951 ...................157,936 ...................143,119 .................165,549 ...................36,824 ...................550,379 ...........................0.6 ..............................0 .........................0.0 ..............XXX............ .................550,379
            12.5 Totals.................................................................................................... ................1,046,828 ................3,182,033 ................2,362,689 .................165,549 ...................36,824 ................6,793,923 ...........................7.6 ................6,930,088 .........................8.1 ..............XXX............ ..............6,793,923
            12.6 Line 12.5 as a % of Col. 6.................................................................... .........................15.4 .........................46.8 .........................34.8 .........................2.4 .........................0.5 .......................100.0 ..............XXX............ ..............XXX............ ..............XXX.......... ..............XXX............ .....................100.0
            12.7 Line 12.5 as a % of Line 9.5, Col. 6, Section 9.................................... ...........................1.2 ...........................3.5 ...........................2.6 .........................0.2 .........................0.0 ...........................7.6 ..............XXX............ ..............XXX............ ..............XXX.......... ..............XXX............ .........................7.6
Annual Statement for the year 2011 of the   STATE WIDE INSURANCE COMPANY

                                                       Sch. DA-Verification
                                                             NONE

                                                    Sch. DB-Pt. A-Verification
                                                             NONE

                                                    Sch. DB-Pt. B-Verification
                                                             NONE

                                                        Sch. DB-Pt. C-Sn. 1
                                                              NONE

                                                        Sch. DB-Pt. C-Sn. 2
                                                              NONE

                                                       Sch. DB-Verification
                                                             NONE

                                                        Sch. E-Verification
                                                              NONE

                                                            Sch. A-Pt. 1
                                                              NONE

                                                            Sch. A-Pt. 2
                                                              NONE

                                                            Sch. A-Pt. 3
                                                              NONE

                                                            Sch. B-Pt. 1
                                                              NONE

                                                            Sch. B-Pt. 2
                                                              NONE

                                                            Sch. B-Pt. 3
                                                              NONE

                                                           Sch. BA-Pt. 1
                                                              NONE

                                                           Sch. BA-Pt. 2
                                                              NONE

                                                           Sch. BA-Pt. 3
                                                              NONE
                          SI10, SI11, SI12, SI13, SI14, SI15, E01, E02, E03, E04, E05, E06, E07, E08, E09
          Annual Statement for the year 2011 of the                     STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                                                                       SCHEDULE D - PART 1
                                                                                                                                                                                                     Showing all Long-Term BONDS Owned December 31 of Current Year
                 1                                                              2                                                     Codes     6                                  7                             Fair Value                                 10                          11                                          Change in Book/Adjusted Carrying Value                                                                                        Interest                                                           Dates
                                                                                                                                   3 4      5                                                            8                       9                                                                                 12                       13                14                                       15                    16                17            18                  19                         20                  21             22
                                                                                                                                       F
                                                                                                                                       o                                                               Rate                                                                                                                                                           Current
                                                                                                                                       r                                                              Used                                                                                                                                                            Year's                       Total
                                                                                                                                       e                                                                to                                                                                                   Unrealized                  Current                    Other Than                    Foreign                                                                    Admitted                  Amount
                                                                                                                                       i      NAIC                                                    Obtain                                                                                                  Valuation                  Year's                     Temporary                    Exchange                                  Effective                         Amount                    Received
             CUSIP                                                                                                                     g Bond Desig-                                                   Fair                    Fair                                             Book/Adjusted                 Increase/               (Amortization)/               Impairment                   Change in                  Rate             Rate          When              Due and                    During
          Identification                                                 Description                                              Code n CHAR nation                        Actual Cost               Value                   Value                    Par Value                Carrying Value               (Decrease)                 Accretion                   Recognized                   B./A.C.V.                   of               of           Paid              Accrued                     Year                Acquired       Maturity

      U.S. Government - Issuer Obligations
        31331J SM 6 FEDERAL FARM CR BKS CONS......................................................... ....... .. ..........1 ......1                                   .................504,940     ......103.379    .................516,895    .................500,000    .................502,478    .......................0    ...............(1,628)     .........................0   .......................0   ..........3.550   .........3.201   JD.......   ...................641     ..............17,750 06/22/2010          06/18/2018
       3133XP KG 8 FEDERAL HOME LN BKS DEB............................................................ ....... .. ............ ......1                                 ..............1,874,890      ......121.734    ..............2,063,398     ..............1,695,000     ..............1,869,046     .......................0    ...............(5,845)     .........................0   .......................0   ..........4.750   .........3.626   MS......    ..............24,825       ..............40,256 07/13/2011          03/10/2023
       911759 EA 2 U S DEPT HSG & URBAN DEV GOVT................................................ ....... .. ..........1 ......1                                        .................819,783     ......100.277    .................792,188    .................790,000    .................790,000    .......................0    .......................0   .........................0   .......................0   ..........7.858   .........7.858   FA.......   ..............25,866       ..............62,078 12/17/2008          08/01/2016
       912828 HA 1 U.S. TREASURY NOTE....................................................................... SD.. .. ............ ......1                              .................998,281     ......120.406    ..............1,204,063     ..............1,000,000     .................998,935    .......................0    ...................162     .........................0   .......................0   ..........4.750   .........4.772   FA.......   ..............17,941       ..............47,500 08/10/2007          08/15/2017
      0199999. U.S. Government - Issuer Obligations.........................................................................................................           ..............4,197,894     ....XXX........   ..............4,576,544     ..............3,985,000     ..............4,160,459     .......................0    ...............(7,311)     .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ..............69,273       ............167,584 .....XXX......      .....XXX......
      U.S. Government - Other Loan-Backed and Structured Securities
       83162C TA 1 SMALL BUS ADMIN GTD DEV PTC.................................................... ....... .. ............ ......1                                     ..............1,956,815 ......108.457 ..............2,014,048 ..............1,857,001 ..............1,949,139 .......................0 ...............(5,439) .........................0 .......................0 ..........4.380 .........3.567 JJ....... ..............40,668 ..............81,730 07/26/2010 01/01/2030
      0499999. U.S. Government - Other Loan-Backed and Structured Securities...............................................................                            ..............1,956,815 ....XXX........ ..............2,014,048 ..............1,857,001 ..............1,949,139 .......................0 ...............(5,439) .........................0 .......................0 ....XXX........ ....XXX...... .XXX... ..............40,668 ..............81,730 .....XXX...... .....XXX......
      0599999. Total - U.S. Government..............................................................................................................................   ..............6,154,709 ....XXX........ ..............6,590,592 ..............5,842,001 ..............6,109,598 .......................0 .............(12,750) .........................0 .......................0 ....XXX........ ....XXX...... .XXX... ............109,941 ............249,314 .....XXX...... .....XXX......
      U.S. States, Territories & Possessions (Direct and Guaranteed) - Issuer Obligations
       13063A PT 5 CA ST-UNREF - 2007.......................................................................... ....... .. ..........1 ..1FE                           .................110,128     ......100.161    .................110,177    .................110,000    .................110,000    .......................0    .......................0   .........................0   .......................0   ..........5.000   .........5.000   AO......    ................1,375      ................5,500 12/06/2007 10/01/2023
       13062T P3 2 CALIFORNIA ST                           G.O.......................................................... ....... .. ..........1 ..1FE                  ...................25,727    ......100.262    ...................25,066   ...................25,000   ...................25,000   .......................0    .......................0   .........................0   .......................0   ..........4.750   .........4.750   FA.......   ...................495     ................1,188 05/09/2007 02/01/2017
       13062N 3H 8 CALIFORNIA ST                           GO........................................................... ....... .. ..........1 ..1FE                  .................246,885     ......103.132    .................257,830    .................250,000    .................247,937    .......................0    ...................141     .........................0   .......................0   ..........5.000   .........5.101   AO......    ................3,125      ..............12,500 10/23/2002 10/01/2022
       419791 XG 8 HAWAII ST PREREFUNDED-SER CX................................................. ....... .. ..........1 ..1FE                                          ...................81,852    ......100.354    ...................80,283   ...................80,000   ...................80,075   .......................0    ..................(871)    .........................0   .......................0   ..........5.100   .........3.975   FA.......   ................1,700      ................4,080 12/01/2009 02/01/2020
       419791 XL 7 HAWAII ST UNREFUNDED BAL-SER CX........................................... ....... .. ..........1 ..1FE                                             .................173,936     ......100.354    .................170,602    .................170,000    .................170,159    .......................0    ...............(1,851)     .........................0   .......................0   ..........5.100   .........3.975   FA.......   ................3,613      ................8,670 12/01/2009 02/01/2020
E10




       546415 VY 3 LOUISIANA ST                           GO............................................................ ....... .. ..........1 ..1FE                  .................249,460     ......111.247    .................278,118    .................250,000    .................249,615    .......................0    .....................31    .........................0   .......................0   ..........4.600   .........4.620   JJ.......   ................5,303      ..............11,500 07/14/2006 07/15/2021
       882720 NL 5 TEXAS ST                           GO............................................................... ....... .. ............ ..1FE                  .................298,044     ......100.313    .................300,938    .................300,000    .................298,710    .......................0    .....................84    .........................0   .......................0   ..........5.250   .........5.302   FA.......   ................6,562      ..............15,750 06/20/2001 08/01/2023
      1199999. U.S. States, Territories & Possessions - Issuer Obligations...............................................                                              ..............1,186,032     ....XXX........   ..............1,223,014     ..............1,185,000     ..............1,181,496     .......................0    ...............(2,466)     .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ..............22,173       ..............59,188 .....XXX...... .....XXX......
      1799999. Total - U.S. States, Territories & Possessions (Direct and Guaranteed).......................................................                           ..............1,186,032     ....XXX........   ..............1,223,014     ..............1,185,000     ..............1,181,496     .......................0    ...............(2,466)     .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ..............22,173       ..............59,188 .....XXX...... .....XXX......
      U.S. Political Subdivisions of States, Territories & Possessions (Direct and Guaranteed) - Issuer Obligations
       018195 HD 2 ALLENDALE MICH PUB SCH DIST GO............................................ ....... .. ..........1 ..1FE                                             .................165,000    ......101.562     .................167,577    .................165,000    .................165,000    .......................0    .......................0   .........................0   .......................0   ..........5.000   .........5.000   MN......    ................1,375      ................8,250      10/20/2005   05/01/2021
       018195 HF 7 ALLENDALE MICH PUB SCH DIST GO............................................ ....... .. ..........1 ..1FE                                             ...................85,000   ......101.562     ...................86,328   ...................85,000   ...................85,000   .......................0    .......................0   .........................0   .......................0   ..........5.000   .........5.000   MN......    ...................708     ................4,250      10/20/2005   05/01/2021
       082419 RL 8 BENSENVILLE ILL                          GO.......................................................... ....... .. ..........1 ..1FE                  .................250,000    ......104.690     .................261,725    .................250,000    .................250,000    .......................0    .......................0   .........................0   .......................0   ..........4.750   .........4.750   JD.......   ...................990     ..............11,875       09/10/2004   12/01/2023
       197036 GA 8 COLTON CALIF JT UNI SCH DIST GO............................................. @.... .. ..........1 ..1FE                                             .................833,585    ........20.609    .................743,985    ..............3,610,000     ..............1,025,324     .......................0    ..............49,308       .........................0   .......................0   ..........0.000   .........4.990   N/A.....    .......................0   .......................0   10/19/2007   02/01/2036
       213183 U2 0 COOK CNTY ILL                           G.O.......................................................... ....... .. ..........1 ..1FE                  .................249,983    ......102.763     .................256,908    .................250,000    .................249,987    .......................0    .......................1   .........................0   .......................0   ..........5.000   .........5.001   MN......    ................1,597      ..............12,500       07/31/2003   11/15/2023
       235218 B2 9 DALLAS TEX                            G O............................................................ ....... .. ..........1 ..1FE                  .................246,093    ......100.477     .................251,193    .................250,000    .................247,186    .......................0    ...................213     .........................0   .......................0   ..........4.500   .........4.641   FA.......   ................4,250      ..............11,250       04/18/2006   02/15/2022
       240091 GT 9 DAYTON TEX INDPT SCH DIST SCH............................................ ....... .. ..........1 ..1FE                                              .................390,000    ......104.840     .................408,876    .................390,000    .................390,000    .......................0    .......................0   .........................0   .......................0   ..........4.625   .........4.625   FA.......   ................6,814      ..............18,038       03/10/2003   02/15/2022
       249164 LH 5 DENVER COLO CITY & CNTY............................................................ ....... .. ..........1 ..1FE                                    ..............1,087,600     ......110.057     ..............1,100,570     ..............1,000,000     ..............1,085,394     .......................0    ...............(2,206)     .........................0   .......................0   ..........4.830   .........3.662   FA.......   ..............20,125       .......................0   09/27/2011   08/01/2025
       280785 LQ 7 EDINBURG TEX CONS INDPT SCH DI MAI........................................ ....... .. ..........1 ..1FE                                             .................237,012    ......100.497     .................251,243    .................250,000    .................241,626    .......................0    ...................620     .........................0   .......................0   ..........4.625   .........5.052   FA.......   ................4,368      ..............11,563       11/22/2002   02/15/2022
       346622 7V 9 FORSYTH CNTY N C                             GO...................................................... ....... .. ..........1 ..1FE                  ..............1,000,000     ......107.386     ..............1,073,860     ..............1,000,000     ..............1,000,000     .......................0    .......................0   .........................0   .......................0   ..........4.398   .........4.398   AO......    ..............10,995       ..............47,523       08/18/2010   04/01/2024
       346907 FL 7 FORT BEND CNTY TEX MUN UTIL DI G O......................................... ....... .. ..........1 ..2FE                                            .................247,632    ......100.762     .................251,905    .................250,000    .................248,246    .......................0    .....................98    .........................0   .......................0   ..........4.875   .........4.950   MS......    ................4,063      ..............12,188       07/29/2004   09/01/2024
       349425 SG 4 FORT WORTH TEX                              CTF..................................................... ....... .. ..........1 ..1FE                   .................246,980    ......100.754     .................251,885    .................250,000    .................248,181    .......................0    ...................152     .........................0   .......................0   ..........5.000   .........5.100   MS......    ................4,167      ..............12,500       02/12/2002   03/01/2021
       355748 PV 0 FREDERICK MD                             GO.......................................................... ....... .. ............ ..1FE                 ..............1,011,450     ......104.021     ..............1,040,210     ..............1,000,000     ..............1,003,599     .......................0    ...............(2,946)     .........................0   .......................0   ..........4.520   .........4.201   MS......    ..............15,067       ..............45,200       03/13/2009   03/01/2013
       386137 M6 7 GRAND PRAIRIE TEX                            CER.................................................... ....... .. ..........1 ..1FE                   .................249,988    ......100.511     .................251,278    .................250,000    .................249,991    .......................0    .......................1   .........................0   .......................0   ..........4.750   .........4.750   FA.......   ................4,486      ..............11,875       08/31/2004   02/15/2024
       488764 PC 9 KENDALL KANE & WILL CNTYS ILL GO............................................ ....... .. ..........1 ..1FE                                           .................493,745    ......102.491     .................512,455    .................500,000    .................496,038    .......................0    ...................319     .........................0   .......................0   ..........4.300   .........4.401   AO......    ................5,375      ..............21,500       06/24/2003   10/01/2021
       51301L AR 3 LAMAR CNTY MISS SCH DIST                            GO............................................... ....... .. ..........1 ..1FE                  .................246,013    ......104.876     .................262,190    .................250,000    .................247,316    .......................0    ...................226     .........................0   .......................0   ..........4.250   .........4.390   JD.......   ...................885     ..............10,625       06/15/2005   06/01/2021
       546585 EB 2 LOUISVILLE & JEFFERSON CNTY KY G O........................................ ....... .. ............ ..1FE                                            .................993,875    ......112.838     ..............1,128,380     ..............1,000,000     .................994,428    .......................0    ...................268     .........................0   .......................0   ..........5.150   .........5.207   MN......    ................6,581      ..............51,500       11/09/2009   11/15/2025
       549187 US 9 LUBBOCK TEX                             CTF......................................................... ....... .. ..........1 ..1FE                   .................245,633    ......100.405     .................251,013    .................250,000    .................247,016    .......................0    ...................198     .........................0   .......................0   ..........4.750   .........4.890   FA.......   ................4,486      ..............11,875       07/24/2003   02/15/2023
       581646 WQ 5 MC KINNEY TEX                            G O......................................................... ....... .. ..........1 ..1FE                  .................249,213    ......105.510     .................263,775    .................250,000    .................249,468    .......................0    .....................38    .........................0   .......................0   ..........4.625   .........4.651   FA.......   ................4,368      ..............11,563       12/18/2003   08/15/2022
       586494 DP 8 MENASHA WIS JT SCH DIST                            G O............................................... ....... .. ..........1 ..1FE                  .................234,983    ......100.645     .................236,516    .................235,000    .................234,989    .......................0    .......................1   .........................0   .......................0   ..........5.000   .........5.001   MS......    ................3,917      ..............11,750       05/17/2005   03/01/2021
       586494 DQ 6 MENASHA WIS JT SCH DIST                            G O............................................... ....... .. ..........1 ..1FE                  ...................14,999   ......100.613     ...................15,092   ...................15,000   ...................14,999   .......................0    .......................0   .........................0   .......................0   ..........5.000   .........5.001   MS......    ...................250     ...................750     05/17/2005   03/01/2021
       608557 MR 2 MOLINE ILL                          COR............................................................. ....... .. ..........1 ..1FE                   .................244,000    ......100.350     .................250,875    .................250,000    .................246,374    .......................0    ...................305     .........................0   .......................0   ..........5.000   .........5.202   FA.......   ................5,208      ..............12,500       03/14/2002   02/01/2021
       626752 MY 2 MURPHY TEX                             WTR......................................................... ....... .. ..........1 ..1FE                    .................247,015    ......103.431     .................258,578    .................250,000    .................247,837    .......................0    ...................127     .........................0   .......................0   ..........4.875   .........4.971   FA.......   ................4,604      ..............12,188       04/20/2004   02/15/2024
           Annual Statement for the year 2011 of the              STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                                              SCHEDULE D - PART 1
                                                                                                                                                                               Showing all Long-Term BONDS Owned December 31 of Current Year
                  1                                                     2                                               Codes     6                           7                            Fair Value                            10                        11                                    Change in Book/Adjusted Carrying Value                                                                                        Interest                                                       Dates
                                                                                                                     3 4      5                                                    8                    9                                                                          12                    13                14                                       15                    16                17            18                  19                      20                21               22
                                                                                                                         F
                                                                                                                         o                                                       Rate                                                                                                                                              Current
                                                                                                                         r                                                      Used                                                                                                                                               Year's                       Total
                                                                                                                         e                                                        to                                                                                          Unrealized              Current                    Other Than                    Foreign                                                                    Admitted                Amount
                                                                                                                         i      NAIC                                            Obtain                                                                                         Valuation              Year's                     Temporary                    Exchange                                  Effective                         Amount                  Received
              CUSIP                                                                                                      g Bond Desig-                                           Fair                  Fair                                         Book/Adjusted              Increase/           (Amortization)/               Impairment                   Change in                  Rate             Rate          When              Due and                  During
           Identification                                         Description                                       Code n CHAR nation                  Actual Cost             Value                 Value                  Par Value              Carrying Value            (Decrease)             Accretion                   Recognized                   B./A.C.V.                   of               of           Paid              Accrued                   Year             Acquired         Maturity

          68825E TV 1 OSHKOSH WIS                         COR........................................................ ....... .. ..........1 ..1FE .................250,000 ......104.022 .................260,055 .................250,000 .................250,000 .......................0     .......................0   .........................0   .......................0   ..........4.700   .........4.700   JD.......   ...................979    ..............11,750 03/26/2003 12/01/2021
          700739 EA 9 PARK RAPIDS MINN INDPT SCH DIS REF........................................ ....... .. ..........1 ..1FE .................237,905 ......109.273 .................273,183 .................250,000 .................243,395 .......................0                          ...................924     .........................0   .......................0   ..........4.000   .........4.501   FA.......   ................4,167     ..............10,000 03/30/2005 02/01/2018
          700773 JL 9 PARK RIDGE ILL                     GO........................................................... ....... .. ..........1 ..1FE .................248,050 ......106.167 .................265,418 .................250,000 .................248,552 .......................0    .....................79    .........................0   .......................0   ..........4.750   .........4.811   JD.......   ...................990    ..............11,875 07/20/2004 12/01/2024
          732096 3H 3 POMONA CALIF UNI SCH DIST GO.............................................. ....... .. ..........1 ..1FE .................300,000 ......102.197 .................306,591 .................300,000 .................300,000 .......................0                          .......................0   .........................0   .......................0   ..........4.500   .........4.500   FA.......   ................5,625     ..............13,500 05/13/2003 08/01/2023
          741751 N5 6 PRINCE WM CNTY IMPT VA............................................................... ....... .. ..........1 ..1FE .................500,000 ......107.655 .................538,275 .................500,000 .................500,000 .......................0               .......................0   .........................0   .......................0   ..........5.308   .........5.308   FA.......   ..............11,058      ..............25,729 07/30/2010 08/01/2030
          930863 U2 9 WAKE CNTY N C................................................................................. ....... .. ..........1 ..1FE ..............1,000,000 ......109.578 ..............1,095,780 ..............1,000,000 ..............1,000,000 .......................0          .......................0   .........................0   .......................0   ..........5.100   .........5.100   JD.......   ................4,250     ..............51,000 05/20/2010 06/01/2027
          932493 AW 9 WALLER TEX INDPT SCH DIST G O............................................. ....... .. ..........1 ..1FE ...................99,383 ......108.180 .................108,180 .................100,000 ...................99,549 .......................0                        .....................26    .........................0   .......................0   ..........5.100   .........5.150   FA.......   ................1,927     ................5,100 06/16/2004 02/15/2024
          943363 JN 2 WAUSAU WIS SCH DIST                      G O.................................................. ....... .. ..........1 ..1FE .................239,637 ......104.745 .................261,863 .................250,000 .................243,620 .......................0      ...................545     .........................0   .......................0   ..........4.375   .........4.721   MS......    ................3,646     ..............10,937 03/26/2003 03/01/2021
          951427 C5 0 WEST BEND WIS                        GO......................................................... ....... .. ..........1 ..1FE .................634,673 ......107.619 .................699,524 .................650,000 .................638,609 .......................0    ...................763     .........................0   .......................0   ..........4.300   .........4.500   AO......    ................6,987     ..............27,949 03/29/2006 04/01/2023
          965084 GJ 9 WHITEHALL MICH DIST SCHS                    REF............................................. ....... .. ..........1 ..1FE .................477,195 ......105.531 .................527,650 .................500,000 .................483,828 .......................0        ................1,204      .........................0   .......................0   ..........4.125   .........4.520   MN......    ................3,437     ..............20,624 10/25/2005 05/01/2022
        1899999. U.S. Political Subdivisions of States, Territories & Possessions - Issuer Obligations.................................... ............13,256,642 ....XXX........ ............13,912,936 ............16,050,000 ............13,475,552 .......................0                   ..............50,264       .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ............157,745       ............539,727 .....XXX...... .....XXX......
        2499999. Total - U.S. Political Subdivisions of States, Territories & Possessions........................................................ ............13,256,642 ....XXX........ ............13,912,936 ............16,050,000 ............13,475,552 .......................0            ..............50,264       .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ............157,745       ............539,727 .....XXX...... .....XXX......
        U.S. Special Revenue & Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their U.S. Political Subdivisions - Issuer Obligations
          13034P CZ 8 CALIFORNIA HSG FIN AGY REV HOM........................................... ....... .. ..........1 ..2FE .................865,000 ........94.299 .................815,686 .................865,000 .................865,000 .......................0                          .......................0   .........................0   .......................0   ..........4.650   .........4.650   FA.......   ..............16,759      ..............40,223 05/03/2007        08/01/2022
          143279 BB 2 CARMEL IND CNTY OPT INCOME TAX CNT..................................... ....... .. ..........1 ..1FE .................454,887 ......101.217 .................495,963 .................490,000 .................468,473 .......................0                             ................1,852      .........................0   .......................0   ..........4.500   .........5.117   JD.......   ...................980    ..............22,050 10/25/2002        06/15/2021
         34160W TX 2 FLORIDA ST DEPT ENVIRONMENTAL FLO...................................... ....... .. ............ ..1FE ..............1,033,800 ......114.102 ..............1,141,020 ..............1,000,000 ..............1,028,144 .......................0                                 ...............(3,025)     .........................0   .......................0   ..........5.456   .........5.001   JJ.......   ..............27,280      ..............54,560 02/03/2010        07/01/2019
E10.1




          373539 QP 3 GEORGIA ST HSG & FIN AUTH REV.................................................. ....... .. ..........1 ..1FE ..............1,001,500 ......100.385 ..............1,003,850 ..............1,000,000 ..............1,000,859 .......................0                         ..................(151)    .........................0   .......................0   ..........4.850   .........4.830   JD.......   ................4,042     ..............48,500 05/11/2007        12/01/2037
          41981V BU 1 HAWAII ST HSG & CMNTY DEV CORP REV...................................... ....... .. ..........1 ..1FE .................417,284 ......104.005 .................421,220 .................405,000 .................405,000 .......................0                            .......................0   .........................0   .......................0   ..........5.000   .........5.000   JJ.......   ..............10,125      ..............20,438 04/16/2007        07/01/2036
          45200B XJ 2 ILLINOIS FIN AUTH REV                  FIN..................................................... ....... .. ..........1 ..2FE .................332,234 ......100.750 .................342,550 .................340,000 .................335,052 .......................0     ...................533     .........................0   .......................0   ..........4.125   .........4.350   MS......    ................4,675     ..............14,025 02/02/2006        09/01/2019
          54240T BB 8 LONG BEACH CALIF BD FIN AUTH R REV........................................ ....... .. ............ ..2FE .................247,370 ........99.987 .................249,968 .................250,000 .................249,769 .......................0                        ...................385     .........................0   .......................0   ..........3.000   .........3.161   FA.......   ................3,125     ................7,500 02/09/2005       08/01/2012
         60242M BP 7 MILWAUKEE WIS SEW REV                       SEW............................................. ....... .. ..........1 ..1FE .................489,885 ......103.528 .................517,640 .................500,000 .................493,119 .......................0         ...................451     .........................0   .......................0   ..........4.375   .........4.531   JD.......   ................1,823     ..............21,875 06/20/2003        06/01/2023
         65820H YF 4 NORTH CAROLINA MED CARE COMMN HOS.................................. ....... .. ............ ..1FE .....................9,952 ......100.260 ...................10,026 ...................10,000 .....................9,974 .......................0                           .......................4   .........................0   .......................0   ..........5.000   .........5.059   JD.......   .....................42   ...................500 02/28/2006      12/01/2018
          662902 BQ 7 NORTH TEX MUN WTR DIST TEX WAS WAS.................................... ....... .. ..........1 ..1FE .................297,699 ......102.029 .................306,087 .................300,000 .................298,395 .......................0                              ...................105     .........................0   .......................0   ..........4.500   .........4.561   JD.......   ................1,125     ..............13,500 03/04/2004        06/01/2023
         67756Q DQ 7 OHIO ST HSG FIN AGY RESIDENTIA MTG........................................ ....... .. ..........1 ..1FE .................955,000 ......100.239 .................957,282 .................955,000 .................955,000 .......................0                           .......................0   .........................0   .......................0   ..........5.100   .........5.100   MS......    ..............16,235      ..............48,769 07/12/2007        09/01/2038
         67886M DT 3 OKLAHOMA HSG FIN AGY SINGLE FA REV...................................... ....... .. ..........1 ..1FE .................702,667 ......102.340 .................716,380 .................700,000 .................701,557 .......................0                             ..................(260)    .........................0   .......................0   ..........4.800   .........4.751   MS......    ..............11,200      ..............33,600 05/03/2007        09/01/2027
          736746 TR 9 PORTLAND ORE URBAN RENEWAL & R RED.................................. ....... .. ............ ..1FE ..............1,106,060 ......115.581 ..............1,155,810 ..............1,000,000 ..............1,080,696 .......................0                                   .............(15,908)      .........................0   .......................0   ..........6.031   .........4.064   JD.......   ................2,680     ..............60,310 05/20/2010        06/15/2018
          744387 AD 3 PUBLIC AUTH FOR COLO ENERGY NA NAT..................................... ....... .. ............ ..1FE .................985,000 ......109.172 ..............1,091,720 ..............1,000,000 .................985,853 .......................0                              ...................263     .........................0   .......................0   ..........6.500   .........6.621   MN......    ................8,306     ..............65,000 06/19/2008        11/15/2038
          762195 CW 3 RHODE ISLAND HEALTH & EDL BLDG ED........................................ ....... .. ..........1 ..1FE .................250,972 ......101.005 .................252,513 .................250,000 .................250,380 .......................0                           ..................(116)    .........................0   .......................0   ..........5.000   .........4.944   JD.......   ...................556    ..............12,500 11/18/2004        12/15/2024
          765418 AC 2 RICHMOND VA MET AUTH EXPWY REV REV................................... ....... .. ..........1 ......1 ...................45,000 ......100.148 ...................45,067 ...................45,000 ...................45,000 .......................0                         .......................0   .........................0   .......................0   ..........5.600   .........5.600   JJ.......   ................1,162     ................2,520 11/11/1973       01/15/2013
          79575E AS 7 SALT VERDE FINL CORP SR GAS RE SEN....................................... ....... .. ............ ..1FE .................984,640 ........91.970 .................919,700 ..............1,000,000 .................985,784 .......................0                          ...................296     .........................0   .......................0   ..........5.000   .........5.103   JD.......   ................4,167     ..............50,000 10/12/2007        12/01/2037
          880459 PP 1 TENNESSEE HSG DEV AGY                       HOM............................................ ....... .. ..........1 ..1FE .................225,000 ......100.000 .................225,000 .................225,000 .................225,000 .......................0         .......................0   .........................0   .......................0   ..........5.125   .........5.125   JJ.......   ................5,766     ..............11,734 07/08/2004        07/01/2021
          880460 VE 7 TENNESSEE HSG DEV AGY MTG FIN MTG..................................... ....... .. ..........1 ..1FE .................110,000 ......101.848 .................112,033 .................110,000 .................110,000 .......................0                              .......................0   .........................0   .......................0   ..........5.200   .........5.200   JJ.......   ................2,860     ................5,854 08/29/2003       07/01/2023
          88283L HT 6 TEXAS ST TRANSN-1ST TIER-TX..................................................... ....... .. ............ ..1FE ..............1,000,000 ......115.529 ..............1,155,290 ..............1,000,000 ..............1,000,000 .......................0                       .......................0   .........................0   .......................0   ..........5.028   .........5.028   AO......    ..............12,570      ..............58,101 07/27/2010        04/01/2026
          927781 TM 6 VIRGINIA COLLEGE BLDG AUTH VA REV........................................ ....... .. ..........1 ..1FE ..............1,072,990 ......109.949 ..............1,099,490 ..............1,000,000 ..............1,071,070 .......................0                               ...............(1,920)     .........................0   .......................0   ..........5.300   .........4.252   FA.......   ..............22,083      .......................0 09/27/2011    02/01/2025
         92812Q VT 1 VIRGINIA ST HSG DEV AUTH                    REN.............................................. ....... .. ..........1 ..1FE ..............1,093,970 ......115.499 ..............1,154,990 ..............1,000,000 ..............1,075,433 .......................0            .............(10,418)      .........................0   .......................0   ..........6.320   .........4.872   FA.......   ..............26,333      ..............63,200 03/08/2010        08/01/2019
          988321 BX 2 YUBA CNTY CALIF WTR AGY REV WTR........................................ ....... .. ..........1 ..2FE ...................19,587 ......100.165 ...................20,033 ...................20,000 ...................19,926 .......................0                         .....................16    .........................0   .......................0   ..........4.000   .........4.098   MS......    ...................266    ...................799 06/01/1966      03/01/2016
        2599999. U.S. Special Revenue & Assessment Obligations - Issuer Obligations........................................................ ............13,700,497 ....XXX........ ............14,209,318 ............13,465,000 ............13,659,484 .......................0                  .............(27,893)      .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ............184,160       ............655,558 .....XXX......    .....XXX......
        U.S. Special Revenue & Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their U.S. Political Subdivisions - Residential Mortgage-Backed Securities
          31393L JR 5 FEDERAL HOME LN MTG CORP........................................................ ....... .. ............ ......1 ..............1,190,292 ......107.131 ..............1,222,086 ..............1,140,741 ..............1,164,946 .......................0                     ...............(4,369)     .........................0   .......................0   ..........5.000   .........3.838   MON...      ................4,753     ..............57,037   03/10/2009     02/15/2018
          3137A5 NF 7 FEDERAL HOME LN MTG CORP REMIC........................................... ....... .. ............ ......1 ..............1,016,875 ......108.930 ..............1,089,297 ..............1,000,000 ..............1,015,042 .......................0                            ...............(1,833)     .........................0   .......................0   ..........4.500   .........4.224   MON...      ................3,750     ..............37,500   02/03/2011     01/15/2038
         3138EG NP 5 FEDERAL NAT'L MTGE ASSN PL#AL0397........................................ ....... .. ............ ......1 .................985,455 ......106.498 .................978,831 .................919,107 .................986,341 .......................0                         ...................886     .........................0   .......................0   ..........4.500   .........2.956   MON...      ................3,447     ..............13,787   08/11/2011     06/01/2041
          31393B VZ 5 FEDERAL NATL MTG ASSN REMIC TR............................................. ....... .. ............ ......1 .................319,726 ......101.878 .................316,148 .................310,319 .................313,704 .......................0                      ...............(1,452)     .........................0   .......................0   ..........5.500   .........3.857   MON...      ................1,422     ..............17,068   03/05/2009     12/25/2031
         31397U EV 7 FEDERAL NATL MTG ASSN REMIC TR............................................. ....... .. ............ ......1 ..............4,330,000 ......107.053 ..............4,282,128 ..............4,000,000 ..............4,323,346 .......................0                           ...............(6,654)     .........................0   .......................0   ..........4.000   .........3.161   MON...      ..............13,333      ..............40,000   09/16/2011     10/25/2038
           Annual Statement for the year 2011 of the              STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                                                 SCHEDULE D - PART 1
                                                                                                                                                                                Showing all Long-Term BONDS Owned December 31 of Current Year
                  1                                                      2                                               Codes     6                            7                            Fair Value                             10                        11                                 Change in Book/Adjusted Carrying Value                                                                                      Interest                                                         Dates
                                                                                                                      3 4      5                                                     8                    9                                                                           12                 13                14                                     15                    16                17            18                 19                        20                  21             22
                                                                                                                          F
                                                                                                                          o                                                        Rate                                                                                                                                          Current
                                                                                                                          r                                                       Used                                                                                                                                           Year's                       Total
                                                                                                                          e                                                         to                                                                                          Unrealized              Current                Other Than                    Foreign                                                                    Admitted                Amount
                                                                                                                          i      NAIC                                             Obtain                                                                                         Valuation              Year's                 Temporary                    Exchange                                  Effective                         Amount                  Received
              CUSIP                                                                                                       g Bond Desig-                                            Fair                  Fair                                         Book/Adjusted              Increase/           (Amortization)/           Impairment                   Change in                  Rate             Rate          When              Due and                  During
           Identification                                          Description                                       Code n CHAR nation                   Actual Cost             Value                 Value                  Par Value              Carrying Value            (Decrease)             Accretion               Recognized                   B./A.C.V.                   of               of           Paid              Accrued                   Year                Acquired       Maturity

         3128M7 SC 1 FHLMC POOL #G05615....................................................................... ....... .. ............ ......1 .................715,798 ......110.644 .................739,528 .................668,385 .................716,805 .......................0 ..................(269)          .........................0   .......................0   ..........6.000   .........3.951   MON...      ................3,342    ..............40,196 11/02/2009          07/01/2039
          31397B NF 4 FHLMC REMIC SERIES 3234.............................................................. ....... .. ............ ......1 ..............1,055,781 ......108.282 ..............1,082,815 ..............1,000,000 ..............1,051,254 .......................0 ...............(3,340)                  .........................0   .......................0   ..........4.500   .........3.950   MON...      ................3,750    ..............45,000 08/19/2010          10/15/2036
         31397G 7M 6 FHLMC REMIC SERIES R011............................................................. ....... .. ............ ......1 .................321,895 ......103.287 .................332,852 .................322,260 .................321,808 .......................0 ......................(5)             .........................0   .......................0   ..........5.500   .........5.467   MON...      ................1,477    ..............17,724 04/18/2007          12/15/2020
          3137A2 5A 5 FHLMC REMIC SERIES3745............................................................... ....... .. ............ ......1 .................934,328 ......103.654 .................930,104 .................897,314 .................919,271 .......................0 .............(12,318)               .........................0   .......................0   ..........3.000   .........1.220   MON...      ................2,243    ..............26,919 10/14/2010          03/15/2025
          3137A7 Z7 8 FHLMC SERIES 3825.......................................................................... ....... .. ............ ......1 .................508,975 ......106.292 .................513,026 .................482,655 .................507,986 .......................0 ..................(989)       .........................0   .......................0   ..........4.000   .........3.003   MON...      ................1,609    ................8,044 07/20/2011         03/15/2039
          31417A CQ 0 FNMA PASS-THRU LNG 30 YR PLAB3678........................................ ....... .. ............ ......1 ..............1,005,479 ......103.122 ..............1,022,806 .................991,841 ..............1,005,157 .......................0 ..................(322)                            .........................0   .......................0   ..........3.500   .........3.208   MON...      ................2,893    ................2,893 11/01/2011         10/01/2041
          31419F KK 1 FNMA PASS-THRU INT 15 YR PL#AE4797......................................... ....... .. ............ ......1 .................864,312 ......104.667 .................867,249 .................828,579 .................863,375 .......................0 ..................(193)                       .........................0   .......................0   ..........3.500   .........2.338   MON...      ................2,417    ..............29,000 10/13/2010          10/01/2025
          31398T V5 7 FNMA REMIC TRUST 2010-103.......................................................... ....... .. ............ ......1 ..............1,072,500 ......112.468 ..............1,124,683 ..............1,000,000 ..............1,071,456 .......................0 ...............(1,044)                    .........................0   .......................0   ..........4.000   .........2.941   MON...      ................3,333    ................3,333 11/16/2011         09/25/2020
          31398S TP 8 FNMA REMIC TRUST 2010-146.......................................................... ....... .. ............ ......1 ..............1,075,000 ......106.284 ..............1,062,836 ..............1,000,000 ..............1,073,130 .......................0 ...............(1,870)                    .........................0   .......................0   ..........4.000   .........3.270   MON...      ................3,333    ..............13,333 08/10/2011          10/25/2038
          31397S WX 8 FNR 2011-40 CA.................................................................................. ....... .. ............ ......1 .................944,960 ......103.418 .................960,820 .................929,064 .................943,567 .......................0 ...............(1,393)   .........................0   .......................0   ..........3.500   .........3.011   MON...      ................2,710    ..............18,968 04/28/2011          12/25/2028
          38377J QD 8 GNMA REMIC TRUST 2010-98........................................................... ....... .. ............ ......1 ..............1,083,000 ......111.439 ..............1,114,389 ..............1,000,000 ..............1,081,760 .......................0 ...............(1,240)                    .........................0   .......................0   ..........4.500   .........3.618   MON...      ................3,750    ................7,500 10/13/2011         09/20/2038
          38377X D3 3 GNMA REMIC TRUST 2011-133.......................................................... ....... .. ............ ......1 ..............1,068,008 ......108.094 ..............1,080,940 ..............1,000,000 ..............1,067,186 .......................0 ..................(822)                   .........................0   .......................0   ..........4.000   .........3.107   MON...      ................3,333    ................3,333 11/17/2011         12/20/2035
        2699999. U.S. Special Revenue - Residential Mortgage-Backed Securities................................................................ ............18,492,384 ....XXX........ ............18,720,538 ............17,490,265 ............18,426,134 .......................0 .............(37,227)                  .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ..............60,895     ............381,635 .....XXX......      .....XXX......
        U.S. Special Revenue & Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their U.S. Political Subdivisions - Other Loan-Backed and Structured Securities
          36759T AM 5 GATEWAY CALIF UNI SCH DIST CTF COP....................................... ....... .. ..........1 ..1FE .................248,750 ......100.131 .................250,328 .................250,000 .................249,200 .......................0 .....................89                            .........................0 .......................0 ..........4.625 .........4.677 MN...... ................1,927 ..............11,563 04/21/2006 05/01/2020
        2899999. U.S. Special Revenue - Other Loan-Backed and Structured Securities........................................................ .................248,750 ....XXX........ .................250,328 .................250,000 .................249,200 .......................0 .....................89           .........................0 .......................0 ....XXX........ ....XXX...... .XXX... ................1,927 ..............11,563 .....XXX...... .....XXX......
E10.2




        3199999. Total - U.S. Special Revenue & Special Assessment Obligations................................................................ ............32,441,631 ....XXX........ ............33,180,184 ............31,205,265 ............32,334,818 .......................0 .............(65,031)                  .........................0 .......................0 ....XXX........ ....XXX...... .XXX... ............246,982 .........1,048,756 .....XXX...... .....XXX......
        Industrial & Miscellaneous (Unaffiliated) - Issuer Obligations
          13645R AK 0 CANADIAN PAC RY CO NEW............................................................. ....... A ............ ..2FE .................502,425 ......100.670 .................503,350 .................500,000 .................502,234 .......................0 ..................(151)                  .........................0   .......................0   ..........4.450   .........4.399   MS......    ................6,551    ..............21,756       09/24/2010   03/15/2023
          73755L AG 2 POTASH CORP SASK INC.................................................................. ....... A ............ ..2FE ..............1,052,750 ......107.213 ..............1,072,130 ..............1,000,000 ..............1,040,449 .......................0 .............(10,144)                     .........................0   .......................0   ..........3.750   .........2.610   MS......    ................9,479    ..............37,500       10/13/2010   09/30/2015
         02666Q F4 0 AMER HONDA FIN CORP MTN BE144A............................................. ....... .. ............ ..1FE .................997,820 ......104.885 ..............1,048,850 ..............1,000,000 .................998,557 .......................0 ...................417                             .........................0   .......................0   ..........3.500   .........3.548   MS......    ..............10,208     ..............35,000       03/09/2010   03/16/2015
          03073E AG 0 AMERISOURCEBERGEN CORP......................................................... ....... .. ............ ..1FE ..............1,041,440 ......112.129 ..............1,121,290 ..............1,000,000 ..............1,036,064 .......................0 ...............(3,770)                          .........................0   .......................0   ..........4.875   .........4.330   MN......    ................6,229    ..............48,750       07/23/2010   11/15/2019
          06050X NN 9 BANK AMER CORP SUB INTNTS BE.................................................. ....... .. ..........1 ..2FE .................248,743 ........91.182 .................227,955 .................250,000 .................249,281 .......................0 .....................82                      .........................0   .......................0   ..........5.650   .........5.701   JD.......   ...................628   ..............14,125       12/18/2003   12/15/2018
          141781 AX 2 CARGILL INC....................................................................................... ....... .. ............ ..1FE ..............1,120,700 ......117.888 ..............1,178,880 ..............1,000,000 ..............1,097,611 .......................0 .............(14,321)        .........................0   .......................0   ..........6.000   .........4.121   MN......    ................5,667    ..............60,000       05/13/2010   11/27/2017
          125509 BM 0 CIGNA CORP...................................................................................... ....... .. ............ ..2FE .................497,370 ......107.824 .................539,120 .................500,000 .................497,707 .......................0 ...................211     .........................0   .......................0   ..........5.125   .........5.193   JD.......   ................1,139    ..............25,625       05/12/2010   06/15/2020
          125509 BH 1 CIGNA CORP NT................................................................................. ....... .. ............ ..2FE ..............1,337,611 ......107.269 ..............1,560,764 ..............1,455,000 ..............1,343,269 .......................0 ................1,691            .........................0   .......................0   ..........6.150   .........6.794   MN......    ..............11,434     ..............89,483       05/08/2008   11/15/2036
          172967 FA 4 CITIGROUP INC.................................................................................. ....... .. ............ ..1FE ..............1,561,920 ......104.471 ..............1,567,065 ..............1,500,000 ..............1,539,675 .......................0 .............(11,787)           .........................0   .......................0   ..........6.010   .........5.060   JD.......   ................4,007    ..............90,150       01/26/2010   01/15/2015
          126117 AH 3 CNA FINL CORP.................................................................................. ....... .. ............ ..2FE .................248,863 ......107.127 .................267,818 .................250,000 .................249,369 .......................0 .....................81     .........................0   .......................0   ..........6.950   .........7.002   JJ.......   ................8,012    ..............17,375       12/01/2003   01/15/2018
          126408 GJ 6 CSX CORP.......................................................................................... ....... .. ............ ..2FE ..............1,073,480 ......114.354 ..............1,143,540 ..............1,000,000 ..............1,057,918 .......................0 ...............(9,447)       .........................0   .......................0   ..........5.600   .........4.371   MN......    ................9,333    ..............56,000       04/29/2010   05/01/2017
          29364L AT 9 ENTERGY GULF STS INC................................................................... ....... .. ............ ..2FE ..............1,000,000 ........99.939 .................999,390 ..............1,000,000 ..............1,000,000 .......................0 .......................0              .........................0   .......................0   ..........6.180   .........6.180   MS......    ..............20,600     .......................0   10/12/2011   03/01/2035
         29364W AF 5 ENTERGY LOUISIANA LLC................................................................. ....... .. ............ ..1FE .................930,919 ........99.058 .................990,580 ..............1,000,000 .................934,469 .......................0 ................1,080                 .........................0   .......................0   ..........6.300   .........6.866   MS......    ..............21,000     ..............63,000       06/26/2008   09/01/2035
          302508 AM 8 FMR CORP *PP*................................................................................. ....... .. ............ ..1FE ..............1,146,120 ......116.178 ..............1,161,780 ..............1,000,000 ..............1,121,958 .......................0 .............(12,931)            .........................0   .......................0   ..........7.490   .........5.476   JD.......   ................3,329    ..............74,900       02/02/2010   06/15/2019
          361448 AK 9 GATX CORP........................................................................................ ....... .. ............ ..2FE ..............1,001,200 ......100.466 ..............1,004,660 ..............1,000,000 ..............1,001,194 .......................0 ......................(6)     .........................0   .......................0   ..........3.500   .........3.471   JJ.......   ..............16,139     .......................0   12/22/2011   07/15/2016
          441812 JY 1 HOUSEHOLD FIN CORP..................................................................... ....... .. ............ ..1FE .................245,892 ......101.865 .................254,663 .................250,000 .................249,780 .......................0 ...................560              .........................0   .......................0   ..........7.000   .........7.242   MN......    ................2,236    ..............17,500       07/31/2002   05/15/2012
         49337W AJ 9 KEYSPAN CORP................................................................................. ....... .. ............ ..1FE ..............1,067,700 ......119.237 ..............1,192,370 ..............1,000,000 ..............1,066,022 .......................0 ...............(1,416)             .........................0   .......................0   ..........5.803   .........5.305   AO......    ..............14,508     ..............58,030       10/22/2010   04/01/2035
         58155Q AD 5 MCKESSON CORP.............................................................................. ....... .. ............ ..1FE ..............1,010,630 ......113.294 ..............1,132,940 ..............1,000,000 ..............1,010,153 .......................0 ..................(478)              .........................0   .......................0   ..........4.750   .........4.613   MS......    ..............15,833     ..............24,146       02/24/2011   03/01/2021
          590188 JF 6 MERRILL LYNCH & CO INC................................................................ ....... .. ............ ..1FE .................241,882 ........97.041 .................242,603 .................250,000 .................246,024 .......................0 ...................469              .........................0   .......................0   ..........6.500   .........6.805   JJ.......   ................7,493    ..............16,250       10/15/1998   07/15/2018
          59018Y N6 4 MERRILL LYNCH CO INC MTN BE..................................................... ....... .. ............ ..1FE ..............1,100,480 ........98.594 .................985,938 ..............1,000,000 ..............1,082,500 .......................0 .............(10,727)                        .........................0   .......................0   ..........6.875   .........5.320   AO......    ..............12,604     ..............68,750       04/16/2010   04/25/2018
          61747Y CJ 2 MORGAN STANLEY............................................................................ ....... .. ............ ..1FE ..............1,021,350 ........92.608 .................926,080 ..............1,000,000 ..............1,017,643 .......................0 ...............(1,801)             .........................0   .......................0   ..........5.625   .........5.343   MS......    ..............15,313     ..............56,250       11/18/2009   09/23/2019
          69349L AC 2 PNC BK N A PITTSBURGH PA............................................................ ....... .. ............ ..1FE ..............1,069,470 ......106.060 ..............1,060,599 ..............1,000,000 ..............1,058,547 .......................0 ...............(9,018)                     .........................0   .......................0   ..........4.875   .........3.730   MS......    ..............13,542     ..............48,750       10/13/2010   09/21/2017
         74432Q AY 1 PRUDENTIAL FINANCIAL INC............................................................ ....... .. ............ ..2FE ..............1,488,368 ......109.785 ..............1,536,989 ..............1,400,000 ..............1,468,362 .......................0 .............(10,630)                       .........................0   .......................0   ..........6.100   .........5.064   JD.......   ................3,796    ..............85,400       01/28/2010   06/15/2017
          786514 BS 7 SAFEWAY INC..................................................................................... ....... .. ............ ..2FE .................507,295 ........98.753 .................493,765 .................500,000 .................506,540 .......................0 ..................(631)   .........................0   .......................0   ..........3.950   .........3.771   FA.......   ................7,461    ..............20,408       10/19/2010   08/15/2020
          803111 AS 2 SARA LEE CORP................................................................................. ....... .. ............ ..2FE ..............1,007,690 ......100.921 ..............1,009,210 ..............1,000,000 ..............1,006,846 .......................0 ..................(645)          .........................0   .......................0   ..........4.100   .........4.006   MS......    ..............12,072     ..............41,911       08/31/2010   09/15/2020
            Annual Statement for the year 2011 of the                      STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                                                                         SCHEDULE D - PART 1
                                                                                                                                                                                                        Showing all Long-Term BONDS Owned December 31 of Current Year
                   1                                                               2                                                      Codes     6                                 7                             Fair Value                               10                         11                                          Change in Book/Adjusted Carrying Value                                                                                       Interest                                                      Dates
                                                                                                                                       3 4      5                                                           8                      9                                                                               12                       13                14                                      15                     16               17            18                 19                     20                 21               22
                                                                                                                                           F
                                                                                                                                           o                                                              Rate                                                                                                                                                       Current
                                                                                                                                           r                                                             Used                                                                                                                                                        Year's                       Total
                                                                                                                                           e                                                               to                                                                                                Unrealized                  Current                   Other Than                    Foreign                                                                    Admitted              Amount
                                                                                                                                           i      NAIC                                                   Obtain                                                                                               Valuation                  Year's                    Temporary                    Exchange                                  Effective                         Amount                Received
               CUSIP                                                                                                                       g Bond Desig-                                                  Fair                   Fair                                           Book/Adjusted                 Increase/               (Amortization)/              Impairment                   Change in                  Rate             Rate          When              Due and                During
            Identification                                                  Description                                               Code n CHAR nation                        Actual Cost              Value                  Value                    Par Value              Carrying Value               (Decrease)                 Accretion                  Recognized                   B./A.C.V.                   of               of           Paid              Accrued                 Year             Acquired          Maturity

          833034 AJ 0 SNAP ON INC...................................................................................... ....... .. ............ ..1FE                      ..............1,558,073     ......107.574    ..............1,613,610    ..............1,500,000    ..............1,553,070    .......................0    ...............(5,002)    .........................0   .......................0   ..........4.250   .........3.593   JJ.......   ..............29,396    ..............37,365 05/10/2011         01/15/2018
          842587 CE 5 SOUTHERN CO................................................................................... ....... .. ............ ..1FE                         .................998,980    ......106.825    ..............1,068,250    ..............1,000,000    .................999,489   .......................0    ...................201    .........................0   .......................0   ..........4.150   .........4.173   MN......    ................5,303   ..............41,500 05/11/2009         05/15/2014
          883556 AT 9 THERMO FISHER SCIENTIFIC INC.................................................... ....... .. ............ ..1FE                                       .................999,600    ......113.043    ..............1,130,430    ..............1,000,000    .................999,655   .......................0    .....................33   .........................0   .......................0   ..........4.700   .........4.705   MN......    ................7,833   ..............47,000 04/20/2010         05/01/2020
         90520G AA 4 UNION BK CALIFORNIA NA................................................................ ....... .. ............ ..1FE                                  ..............1,085,800     ......108.220    ..............1,082,200    ..............1,000,000    ..............1,083,241    .......................0    ...............(2,559)    .........................0   .......................0   ..........5.950   .........3.858   MN......    ................8,264   ..............29,750 11/08/2011         05/11/2016
          905572 AD 5 UNION CARBIDE CHEMS&PLASTICS................................................ ....... .. ............ ..2FE                                           .................246,875    ......119.956    .................299,890   .................250,000   .................247,673   .......................0    ...................124    .........................0   .......................0   ..........7.875   .........8.002   AO......    ................4,922   ..............19,688 03/06/2003         04/01/2023
          91324P AW 2 UNITEDHEALTH GROUP INC............................................................. ....... .. ............ ..1FE                                    ..............1,131,700     ......117.619    ..............1,176,190    ..............1,000,000    ..............1,118,462    .......................0    .............(13,238)     .........................0   .......................0   ..........6.000   .........3.590   JD.......   ................2,667   ..............60,000 04/26/2011         06/15/2017
         92976G AA 9 WACHOVIA BK NATL ASSN MTN....................................................... ....... .. ............ ..1FE                                        ..............1,057,210     ......104.176    ..............1,041,760    ..............1,000,000    ..............1,039,491    .......................0    ...............(9,979)    .........................0   .......................0   ..........5.000   .........3.822   FA.......   ..............18,889    ..............50,000 03/12/2010         08/15/2015
          931142 CQ 4 WAL-MART STORES INC.................................................................... ....... .. ............ ..1FE                                .................499,935    ......105.609    .................528,047   .................500,000   .................499,968   .......................0    .....................13   .........................0   .......................0   ..........3.200   .........3.203   MN......    ................2,044   ..............16,000 05/14/2009         05/15/2014
          007924 AH 6 AEGON N V......................................................................................... ....... F ............ ..1FE                      .................994,910    ......103.670    ..............1,036,700    ..............1,000,000    .................996,461   .......................0    ...................804    .........................0   .......................0   ..........4.625   .........4.725   JD.......   ................3,854   ..............46,250 01/11/2010         12/01/2015
          05567L T3 1 BNP PARIBAS / BNP PARIBAS US..................................................... ....... F ............ ..1FE                                       ..............1,007,670    ........96.249    .................962,490   ..............1,000,000    ..............1,007,088    .......................0    ..................(582)   .........................0   .......................0   ..........5.000   .........4.902   JJ.......   ..............23,056    ..............24,583 01/14/2011         01/15/2021
          6325C0 BE 0 NATIONAL AUSTRALIA BK LTD GLBL................................................ ....... F ............ ..1FE                                          .................999,820    ......103.195    ..............1,031,950    ..............1,000,000    .................999,882   .......................0    .....................34   .........................0   .......................0   ..........3.750   .........3.754   MS......    ..............12,396    ..............37,500 02/23/2010         03/02/2015
          74977R BU 7 RABOBANK NEDERLAND GLBL 144A................................................ ....... F ............ ..1FE                                            .................999,430    ......100.934    ..............1,009,340    ..............1,000,000    .................999,877   .......................0    ...................192    .........................0   .......................0   ..........2.650   .........2.670   FA.......   ................9,864   ..............26,500 08/10/2009         08/17/2012
          902118 BP 2 TYCO INTL FINANCE.......................................................................... ....... F ............ ..1FE                             ..............1,004,820     ......105.300    ..............1,053,000    ..............1,000,000    ..............1,004,418    .......................0    ..................(403)   .........................0   .......................0   ..........3.750   .........3.668   JJ.......   ..............17,291    ..............19,063 05/17/2011         01/15/2018
          96008Y AB 1 WESTFIELD CAP CORP LTD / WT..................................................... ....... F ............ ..1FE                                        ..............1,040,490     ......104.771    ..............1,047,710    ..............1,000,000    ..............1,025,659    .......................0    ...............(8,240)    .........................0   .......................0   ..........5.125   .........4.168   MN......    ................6,548   ..............51,250 03/02/2010         11/15/2014
        3299999. Industrial & Miscellaneous (Unaffiliated) - Issuer Obligations.......................................................................                     ............36,147,431     ....XXX........   ............37,303,896     ............35,105,000     ............35,956,606     .......................0    ...........(131,914)      .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ............390,940     .........1,577,508 .....XXX......      .....XXX......
        Industrial & Miscellaneous (Unaffiliated) - Residential Mortgage-Backed Securities
E10.3




          590218 AF 0 ML MTG INV TR 2006-F1..................................................................... ....... .. ............ .1FM                              .................195,651 ........95.177 .................186,915 .................196,387 .................186,915            ..............12,098 .......................3         .........................0 .......................0 ..........6.000 .........5.991 MON... ...................982 ..............11,783 09/13/2007 04/25/2036
        3399999. Industrial & Miscellaneous (Unaffiliated) - Residential Mortgage-Backed Securities.....................................                                   .................195,651 ....XXX........ .................186,915 .................196,387 .................186,915           ..............12,098 .......................3         .........................0 .......................0 ....XXX........ ....XXX...... .XXX... ...................982 ..............11,783 .....XXX...... .....XXX......
        Industrial & Miscellaneous (Unaffiliated) - Other Loan-Backed and Structured Securities
          00087V AC 1 AVIATION CAPITAL GROUP TRUST III.............................................. ....... .. ............ .1AM                                          .................552,792 ........46.320 .................278,319 .................600,861 .................550,379 .......................0 ...............(2,702) .........................0 .......................0 ..........3.544 .........4.857 MON... ...................355 ..............21,144 10/03/2007 12/25/2035
        3599999. Industrial & Miscellaneous - Other Loan-Backed and Structured Securities.................................................                                 .................552,792 ....XXX........ .................278,319 .................600,861 .................550,379 .......................0 ...............(2,702) .........................0 .......................0 ....XXX........ ....XXX...... .XXX... ...................355 ..............21,144 .....XXX...... .....XXX......
        3899999. Total - Industrial & Miscellaneous (Unaffiliated)...........................................................................................              ............36,895,874 ....XXX........ ............37,769,130 ............35,902,248 ............36,693,900 ..............12,098 ...........(134,613) .........................0 .......................0 ....XXX........ ....XXX...... .XXX... ............392,277 .........1,610,435 .....XXX...... .....XXX......
        Totals
        7799999. Total - Issuer Obligations.............................................................................................................................   ............68,488,496     ....XXX........   ............71,225,708 ............69,790,000 ............68,433,597 .......................0                ...........(119,320)      .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ............824,291     .........2,999,565    .....XXX......   .....XXX......
        7899999. Total - Residential Mortgage-Backed Securities...........................................................................................                 ............18,688,035     ....XXX........   ............18,907,453 ............17,686,652 ............18,613,049 ..............12,098                    .............(37,224)     .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ..............61,877    ............393,418   .....XXX......   .....XXX......
        8099999. Total - Other Loan-Backed and Structured Securities..................................................................................                     ..............2,758,357    ....XXX........   ..............2,542,695 ..............2,707,862 ..............2,748,718 .......................0             ...............(8,052)    .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ..............42,950    ............114,437   .....XXX......   .....XXX......
        8399999. Grand Total - Bonds....................................................................................................................................   ............89,934,888     ....XXX........   ............92,675,856 ............90,184,514 ............89,795,364 ..............12,098                    ...........(164,596)      .........................0   .......................0   ....XXX........   ....XXX......    .XXX...     ............929,118     .........3,507,420    .....XXX......   .....XXX......
          Annual Statement for the year 2011 of the                 STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                                                 SCHEDULE D - PART 2 - SECTION 1
                                                                                                                                                                                               Showing all PREFERRED STOCKS Owned December 31 of Current Year
                 1                                                   2                                          Codes                   5                      6                  7                     8                             Fair Value                              11                                              Dividends                                                                  Change in Book/Adjusted Carrying Value                                                     20             21
                                                                                                                3    4                                                                                                        9                 10                                                       12                       13                        14                       15                    16              17                 18                                    19
                                                                                                                     F                                                                                                                                                                                                                                                                                                   Current
                                                                                                                     o                                                                                                   Rate Per                                                                                                                                                                                        Year's                                                  Total
                                                                                                                      r                                                                                                   Share                                                                                                                                                                                           Other              Total                              Foreign
                                                                                                                     e                                       Par                                    Book/                Used to                                                                                              Amount                 Nonadmitted                Unrealized               Current          Than              Change                             Exchange
                                                                                                                      i             Number                  Value              Rate                Adjusted               Obtain                                                                     Declared                 Received                Declared                   Valuation               Year's        Temporary               in                               Change            NAIC
            CUSIP                                                                                                    g                of                     Per                Per                Carrying                Fair                   Fair                      Actual                     but                     During                    but                     Increase/            (Amortization)/  Impairment          B./A.C.V.                               in             Desig-        Date
         Identification                                        Description                                     Code n               Shares                  Share              Share                Value                 Value                  Value                       Cost                     Unpaid                    Year                   Unpaid                   (Decrease)              Accretion      Recognized         (15+16-17)                           B./A.C.V.          nation       Acquired

      Preferred Stocks - Industrial and Miscellaneous (Unaffiliated)
       381427 AA 1 GOLDMAN SACHS CAP II................................................... ........ .... .........5,000.000 ............100.00 ......0.000 .................389,132 .....61.500 .................307,500 .................387,500 ..................2,414 ................28,965 .........................0 .........................0 ...................500                                                ....................0   .....................500 ...................0 RP2LFE. 05/22/2008
      8499999.           Total - Preferred Stocks - Industrial and Miscellaneous (Unaffiliated)................................................................................. .................389,132 ....XXX..... .................307,500 .................387,500 ..................2,414 ................28,965 .........................0 .........................0 ...................500                         ....................0   .....................500 ...................0 ...XXX.... ....XXX.......
      8999999.           Total - Preferred Stocks..................................................................................................................................................... .................389,132 ....XXX..... .................307,500 .................387,500 ..................2,414 ................28,965 .........................0 .........................0 ...................500   ....................0   .....................500 ...................0 ...XXX.... ....XXX.......
E11
         Annual Statement for the year 2011 of the                  STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                                                     SCHEDULE D - PART 2 - SECTION 2
                                                                                                                                                                                                      Showing all COMMON STOCKS Owned December 31 of Current Year
               1                                                                 2                                                      Codes                     5                               6                                     Fair Value                                        9                                                 Dividends                                                                     Change in Book/Adjusted Carrying Value                                            17               18
                                                                                                                                        3    4                                                                               7                          8                                                              10                       11                         12                           13                        14                  15                                 16
                                                                                                                                             F
                                                                                                                                             o                                                                          Rate Per                                                                                                                                                                                                Current                                               Total
                                                                                                                                              r                                                                          Share                                                                                                                                                                                                  Year's                       Total                   Foreign
                                                                                                                                             e                                                Book/                     Used to                                                                                                             Amount                 Nonadmitted                   Unrealized                   Other Than                    Change                  Exchange              NAIC
                                                                                                                                              i               Number                         Adjusted                    Obtain                                                                                    Declared                 Received                Declared                      Valuation                   Temporary                        in                    Change              Market
            CUSIP                                                                                                                            g                  of                           Carrying                     Fair                         Fair                            Actual                        but                     During                    but                        Increase/                   Impairment                   B./A.C.V.                    in              Indicator         Date
         Identification                                                   Description                                                  Code n                 Shares                          Value                      Value                        Value                             Cost                        Unpaid                    Year                   Unpaid                      (Decrease)                   Recognized                    (13-14)                 B./A.C.V.              (a)           Acquired

      9899998.            Total - Preferred Stock from Section 1....................................................................................................................... ........................389,132 .......XXX....... ........................307,500   ........................387,500   ..................2,414 .................28,965   .........................0   .........................0    .........................0 ........................500 .......................0 ....XXX..... ....XXX.......
      9899999.            Total - Preferred and Common Stock........................................................................................................................ ........................389,132 .......XXX....... ........................307,500      ........................387,500   ..................2,414 .................28,965   .........................0   .........................0    .........................0 ........................500 .......................0 ....XXX..... ....XXX.......
      (a) For all common stocks bearing the NAIC market indicator ''U'' provide: the number of such issues..........0, the total $ value (included in Column 8) of all such issues $..........0.
E12
          Annual Statement for the year 2011 of the                       STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                                                                                       SCHEDULE D - PART 3
                                                                                                                                                                                                         Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year
                 1                                                                                  2                                                                          3               4                                                                         5                                                                                    6                                                               7                                                              8                                                           9
              CUSIP                                                                                                                                                                          Date                                                                                                                                                         Number of                                                         Actual                                                          Par                                                  Paid for Accrued
           Identification                                                                    Description                                                                   Foreign          Acquired                                                          Name of Vendor                                                                            Shares of Stock                                                      Cost                                                          Value                                              Interest and Dividends

      Bonds - U.S. Government
         3133XP KG 8 FEDERAL HOME LN BKS DEB.......................................................................................... ................ 07/13/2011 Barclays.................................................................................................................. ............................................................ ................................................1,874,890 ................................................1,695,000 .....................................................27,732
         0599999.              Total - Bonds - U.S. Government...................................................................................................................................... .............................................................................................................................................................................................. ................................................1,874,890 ................................................1,695,000 .....................................................27,732
      Bonds - U.S. Political Subdivisions of States
         249164 LH 5 DENVER COLO CITY & CNTY........................................................................................... ................ 09/27/2011 CastleOak Securities............................................................................................... ............................................................ ................................................1,087,600 ................................................1,000,000 .......................................................7,916
         2499999.              Total - Bonds - U.S. Political Subdivisions of States......................................................................................................... .............................................................................................................................................................................................. ................................................1,087,600 ................................................1,000,000 .......................................................7,916
      Bonds - U.S. Special Revenue and Special Assessment
         3137A5 NF 7 FEDERAL HOME LN MTG CORP REMIC.......................................................................... ................ 02/03/2011 BAIRD, ROBERT W. & CO...................................................................................... ............................................................ ................................................1,016,875 ................................................1,000,000                                                                           .........................................................875
           3138EG NP            5 FEDERAL NAT'L MTGE ASSN PL#AL0397...................................................................... ................ 08/11/2011 MORGAN KEEGAN................................................................................................. ............................................................ ................................................1,064,992 ...................................................993,289 .......................................................1,862
           31397U EV            7 FEDERAL NATL MTG ASSN REMIC TR............................................................................ ................ 09/16/2011 BAIRD, ROBERT W. & CO...................................................................................... ............................................................ ................................................4,330,000 ................................................4,000,000 .......................................................8,889
            3137A7 Z7           8 FHLMC SERIES 3825........................................................................................................ ................ 07/20/2011 BAIRD, ROBERT W. & CO...................................................................................... ............................................................ ...................................................521,926 ...................................................494,937 .......................................................1,320
            31417A CQ           0 FNMA PASS-THRU LNG 30 YR PLAB3678...................................................................... ................ 11/01/2011 J.P. MORGAN......................................................................................................... ............................................................ ................................................1,007,356 ...................................................993,693 .......................................................1,256
            31398T V5           7 FNMA REMIC TRUST 2010-103........................................................................................ ................ 11/16/2011 JANNEY MONTGOMERY SCOTT,......................................................................... ............................................................ ................................................1,072,500 ................................................1,000,000 .......................................................2,222
            31398S TP           8 FNMA REMIC TRUST 2010-146........................................................................................ ................ 08/10/2011 BAIRD, ROBERT W. & CO...................................................................................... ............................................................ ................................................1,075,000 ................................................1,000,000 .......................................................1,667
            31397S WX           8 FNR 2011-40 CA................................................................................................................ ................ 04/28/2011 CITIGROUP GLOBAL MARKETS............................................................................ ............................................................ ................................................1,013,226 ...................................................996,182                                              .........................................................194
            38377J QD           8 GNMA REMIC TRUST 2010-98.......................................................................................... ................ 10/13/2011 RBC DAIN RAUSCHER.......................................................................................... ............................................................ ................................................1,083,000 ................................................1,000,000 .......................................................2,125
            38377X D3           3 GNMA REMIC TRUST 2011-133........................................................................................ ................ 11/17/2011 BAIRD, ROBERT W. & CO...................................................................................... ............................................................ ................................................1,068,008 ................................................1,000,000 .......................................................2,333
            927781 TM           6 VIRGINIA COLLEGE BLDG AUTH VA REV...................................................................... ................ 09/27/2011 CORTVIEW............................................................................................................. ............................................................ ................................................1,072,990 ................................................1,000,000 .......................................................8,686
         3199999.              Total - Bonds - U.S. Special Revenue and Special Assessments...................................................................................... .............................................................................................................................................................................................. ..............................................14,325,873 ..............................................13,478,101 .....................................................31,429
      Bonds - Industrial and Miscellaneous
         29364L AT 9 ENTERGY GULF STS INC................................................................................................. ................ 10/12/2011 RW PRESSPRICH & CO......................................................................................... ............................................................ ................................................1,000,000 ................................................1,000,000 .......................................................7,897
E13




            361448 AK           9 GATX CORP...................................................................................................................... ................ 12/22/2011 Jefferies & Co.......................................................................................................... ............................................................ ................................................1,001,200 ................................................1,000,000 .....................................................15,847
           58155Q AD            5 MCKESSON CORP............................................................................................................ ................ 02/24/2011 Banc of America...................................................................................................... ............................................................ ................................................1,010,630 ................................................1,000,000                                   .........................................................132
            833034 AJ           0 SNAP ON INC.................................................................................................................... ................ 05/10/2011 Banc of America...................................................................................................... ............................................................ ................................................1,558,073 ................................................1,500,000 .....................................................26,385
           90520G AA            4 UNION BK CALIFORNIA NA.............................................................................................. ................ 11/08/2011 CORTVIEW............................................................................................................. ............................................................ ................................................1,085,800 ................................................1,000,000 .....................................................29,585
            91324P AW           2 UNITEDHEALTH GROUP INC........................................................................................... ................ 04/26/2011 CREDIT SUISSE..................................................................................................... ............................................................ ................................................1,131,700 ................................................1,000,000 .....................................................22,333
            05567L T3           1 BNP PARIBAS / BNP PARIBAS US.................................................................................... F.............. 01/14/2011 UBS Financial Services........................................................................................... ............................................................ ................................................1,007,670 ................................................1,000,000                                                 .........................................................278
            902118 BP           2 TYCO INTL FINANCE........................................................................................................ F.............. 05/17/2011 GOLDMAN SACHS................................................................................................. ............................................................ ................................................1,004,820 ................................................1,000,000 .....................................................13,333
         3899999.              Total - Bonds - Industrial and Miscellaneous..................................................................................................................... .............................................................................................................................................................................................. ................................................8,799,893 ................................................8,500,000 ...................................................115,790
         8399997.              Total - Bonds - Part 3....................................................................................................................................................... .............................................................................................................................................................................................. ..............................................26,088,256 ..............................................24,673,101 ...................................................182,867
         8399998.              Total - Bonds - Summary Item from Part 5........................................................................................................................ .............................................................................................................................................................................................. ..............................................11,231,438 ..............................................11,253,753 .....................................................24,022
         8399999.              Total - Bonds.................................................................................................................................................................... .............................................................................................................................................................................................. ..............................................37,319,694 ..............................................35,926,854 ...................................................206,889
         9999999.              Total - Bonds, Preferred and Common Stocks.................................................................................................................. .............................................................................................................................................................................................. ..............................................37,319,694 ...........................XXX.............................. ...................................................206,889
          Annual Statement for the year 2011 of the              STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                                                                     SCHEDULE D - PART 4
                                                                                                                                             Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year
                1                                           2                                 3         4                                     5                                           6                          7                      8                     9                       10                                     Change in Book/Adjusted Carrying Value                                                              16                      17                  18                    19                   20                  21
                                                                                              F                                                                                                                                                                                                                 11                  12             13             14                                         15                                                                                                            Bond
                                                                                              o                                                                                                                                                                                                                                                  Current                                                                           Book/                Foreign                                                          Interest/
                                                                                              r                                                                                                                                                                                      Prior Year                                                  Year's                                                   Total                  Adjusted              Exchange              Realized                Total                Stock
                                                                                              e                                                                                                                                                                                        Book/              Unrealized              Current      Other Than        Total                                   Foreign                 Carrying                Gain                  Gain                  Gain               Dividends            Stated
                                                                                              i                                                                                    Number of                                                                                         Adjusted              Valuation              Year's       Temporary      Change in                                 Exchange                   Value                (Loss)                (Loss)                (Loss)              Received           Contractual
            CUSIP                                                                             g     Disposal                                                                        Shares                                                Par                  Actual                 Carrying             Increase/           (Amortization)/ Impairment      B./A.C.V.                                Change in               at Disposal               on                    on                    on                  During            Maturity
         Identification                               Description                             n       Date                      Name of Purchaser                                   of Stock                 Consideration               Value                  Cost                   Value              (Decrease)             Accretion     Recognized     (11+12-13)                                B./A.C.V.                  Date                Disposal              Disposal              Disposal                Year               Date

      Bonds - U.S. Government
       31331G J6 7 FEDERAL FARM CR BKS CONS............................ ... 08/17/2011. CALLED @ 100.0000000............... ........................... ...........790,000                                                        ...........790,000     ...........790,000 ..............790,000 ..................0 ...................0 ..................0               ....................0 .................0 ...............790,000 ................0 ..................0 ..................0 ........33,575 08/17/2016.

       31331Y W6 3 FEDERAL FARM CR BKS CONS M/T/N................. ... 02/15/2011.                                  JANNEY MONTGOMERY SCOTT, ...........................                                    ........2,190,000     ........2,000,000      ........2,128,320 ...........2,113,521 ..................0 ...........(1,596) ..................0 .............(1,596)                       .................0   ............2,111,924      ................0 .........78,076 .........78,076               ........17,422       06/12/2018.
       3133XF KF 2 FEDERAL HOME LN BKS....................................... ... 05/13/2011.                       RW PRESSPRICH & CO................ ...........................                          ...........991,313    ...........850,000     ...........960,092 ..............951,844 ..................0 ...........(2,876) ..................0 .............(2,876)                     .................0   ...............948,967     ................0 .........42,345 .........42,345               ........20,586       06/11/2021.
       3133XK WY 7 FEDERAL HOME LN BKS....................................... ... 05/13/2011.                       RW PRESSPRICH & CO................ ...........................                          ........1,130,460     ........1,000,000      ........1,079,590 ...........1,074,494 ..................0 ...........(1,854) ..................0 .............(1,854)                       .................0   ............1,072,639      ................0 .........57,821 .........57,821               ........22,750       06/10/2022.
       3136FM 3K 8 FEDERAL NATL MTG ASSN................................... ... 11/09/2011.                         CALLED @ 100.0000000............... ...........................                         ........1,000,000     ........1,000,000      ........1,000,000 ...........1,000,000 ..................0 ...................0 ..................0 ....................0                    .................0   ............1,000,000      ................0 ..................0 ..................0       ........37,500       08/09/2018.
       83162C TA 1 SMALL BUS ADMIN GTD DEV PTC....................... ... 07/01/2011.                               PRINCIPAL RECEIPT.................... ...........................                       ...........108,417    ...........108,418     ...........114,245 ..............114,115 ..................0 ...........(5,697) ..................0 .............(5,697)                     .................0   ...............108,418     ................0 ..................0 ..................0       ..........3,875      01/01/2030.
      0599999.      Total - Bonds - U.S. Government..............................................................   .....................................................................................   ........6,210,190     ........5,748,418      ........6,072,247 ...........6,043,974 ..................0 .........(12,023) ..................0 ...........(12,023)                         .................0   ............6,031,948      ................0 .......178,242 .......178,242                 ......135,708        .....XXX......
      Bonds - U.S. Political Subdivisions of States
        249164 LH 5 DENVER COLO CITY & CNTY................................ ... 09/27/2011.                         CastleOak Securities...................... ...........................                  ........1,086,810     ........1,000,000      ........1,000,000      ...........1,000,000     ..................0   ...................0    ..................0    ....................0   .................0   ............1,000,000      ................0   .........86,810       .........86,810       ........62,253       08/01/2025.
        338153 C8 0 FITCHBURG MASS                      G.O......................... ... 11/22/2011.                VARIOUS....................................... ...........................              ...........270,000    ...........270,000     ...........250,471     ..............260,356    ..................0   ............1,026       ..................0   ..............1,026      .................0   ...............261,382     ................0   ...........8,618      ...........8,618      ........15,424       02/15/2018.
        372640 GL 0 GEORGETOWN CNTY S C SCH DIST................... ... 06/02/2011.                                 MORGAN KEEGAN........................ ...........................                       ........1,078,750     ........1,000,000      ........1,012,570      ...........1,012,333     ..................0   ..............(250)     ..................0    ...............(250)    .................0   ............1,012,083      ................0   .........66,667       .........66,667       ........45,240       03/01/2025.
       49474E JK 0 KING CNTY WASH                      G.O.......................... ... 12/01/2011.                CALLED @ 100.0000000............... ...........................                         ...........250,000    ...........250,000     ...........246,563     ..............247,703    ..................0   ...............148      ..................0   .................148     .................0   ...............247,851     ................0   ...........2,149      ...........2,149      ........12,500       12/01/2021.
        494782 HP 3 KING CNTY WASH PUB HOSP DIST N REF.......... ... 12/01/2011.                                    CALLED @ 100.0000000............... ...........................                         ...........250,000    ...........250,000     ...........248,410     ..............249,005    ..................0   .................86     ..................0   ...................86    .................0   ...............249,091     ................0   ..............909     ..............909     ........12,500       12/01/2021.
        580811 AU 1 MC HENRY & LAKE CNTYS ILL CMNT G.O........... ... 01/03/2011.                                   CALLED @ 100.0000000............... ...........................                         ...........250,000    ...........250,000     ...........246,270     ..............247,752    ..................0   ...................0    ..................0    ....................0   .................0   ...............247,752     ................0   ...........2,248      ...........2,248      ..........6,406      01/01/2020.
        830728 MP 3 SKOKIE ILL                     G.O.................................. ... 06/01/2011.            CALLED @ 100.0000000............... ...........................                         ...........250,000    ...........250,000     ...........246,327     ..............247,660    ..................0   .................77     ..................0   ...................77    .................0   ...............247,737     ................0   ...........2,263      ...........2,263      ..........6,250      12/01/2020.
E14




        940773 4B 7 WASHOE CNTY NEV                       LTD....................... ... 11/01/2011.                CALLED @ 100.0000000............... ...........................                         ...........250,000    ...........250,000     ...........247,450     ..............248,387    ..................0   ...............107      ..................0   .................107     .................0   ...............248,495     ................0   ...........1,505      ...........1,505      ........12,813       11/01/2020.
      2499999.      Total - Bonds - U.S. Political Subdivisions of States.................................          .....................................................................................   ........3,685,560     ........3,520,000      ........3,498,061      ...........3,513,196     ..................0   ............1,194       ..................0   ..............1,194      .................0   ............3,514,391      ................0   .......171,169        .......171,169        ......173,386        .....XXX......
      Bonds - U.S. Special Revenue and Special Assessment
       13034P CZ 8 CALIFORNIA HSG FIN AGY REV HOM.............. ... 08/01/2011.                                     CALLED @ 100.0000000...............                      ...........................    ...........135,000 ...........135,000 ...........135,000 ..............135,000 ..................0 ...................0 ..................0                       ....................0   .................0   ...............135,000     ................0   ..................0   ..................0   ..........6,278      08/01/2022.
        31393L JR 5 FEDERAL HOME LN MTG CORP........................... ... 12/15/2011.                             PRINCIPAL RECEIPT....................                    ...........................    ...........352,259 ...........352,259 ...........367,560 ..............361,082 ..................0 ...........(8,824) ..................0                        .............(8,824)     .................0   ...............352,259     ................0   ..................0   ..................0   ........11,739       02/15/2018.
       3138EG NP 5 FEDERAL NAT'L MTGE ASSN PL#AL0397........... ... 12/27/2011.                                     PRINCIPAL RECEIPT....................                    ...........................    .............74,182 .............74,182 .............79,537 .........................0 ..................0 ...........(5,355) ..................0                .............(5,355)     .................0   .................74,182    ................0   ..................0   ..................0   .............816     06/01/2041.
       31393B VZ 5 FEDERAL NATL MTG ASSN REMIC TR................. ... 12/27/2011.                                  PRINCIPAL RECEIPT....................                    ...........................    ...........472,455 ...........472,455 ...........486,776 ..............479,819 ..................0 ...........(7,364) ..................0                        .............(7,364)     .................0   ...............472,455     ................0   ..................0   ..................0   ........13,481       12/25/2031.
       3128M7 VT 0 FHLMC PC PL#G05726......................................... ... 11/15/2011.                      VARIOUS.......................................           ...........................    ...........924,209 ...........873,094 ...........906,244 ..............906,056 ..................0 ...........(5,737) ..................0                        .............(5,737)     .................0   ...............900,320     ................0   .........23,890       .........23,890       ........39,018       08/01/2039.
       3128M7 SC 1 FHLMC POOL #G05615.......................................... ... 12/15/2011.                     PRINCIPAL RECEIPT....................                    ...........................    ...........181,693 ...........181,693 ...........194,582 ..............194,929 ..................0 .........(13,235) ..................0                         ...........(13,235)      .................0   ...............181,693     ................0   ..................0   ..................0   ..........5,005      07/01/2039.
       31397G 7M 6 FHLMC REMIC SERIES R011................................ ... 12/15/2011.                          PRINCIPAL RECEIPT....................                    ...........................    ...........206,936 ...........206,936 ...........206,702 ..............206,649 ..................0 ...............287 ..................0                        .................287     .................0   ...............206,936     ................0   ..................0   ..................0   ..........5,725      12/15/2020.
       3137A2 5A 5 FHLMC REMIC SERIES3745.................................. ... 12/15/2011.                         PRINCIPAL RECEIPT....................                    ...........................    .............91,027 .............91,027 .............94,782 ................94,504 ..................0 ...........(3,477) ..................0                    .............(3,477)     .................0   .................91,027    ................0   ..................0   ..................0   ..........1,565      03/15/2025.
       3137A7 Z7 8 FHLMC SERIES 3825............................................. ... 12/15/2011.                   PRINCIPAL RECEIPT....................                    ...........................    .............12,282 .............12,282 .............12,951 .........................0 ..................0 ..............(670) ..................0                ...............(670)    .................0   .................12,282    ................0   ..................0   ..................0   .............122     03/15/2039.
       31417A CQ 0 FNMA PASS-THRU LNG 30 YR PLAB3678........... ... 12/27/2011.                                     PRINCIPAL RECEIPT....................                    ...........................    ...............1,852 ...............1,852 ...............1,878 .........................0 ..................0 ................(25) ..................0            .................(25)   .................0    ..................1,852   ................0   ..................0   ..................0   .................5   10/01/2041.
       31418Q BV 4 FNMA PASS-THRU INT 15 YR PL#AD2751........... ... 08/25/2011.                                    VARIOUS.......................................           ...........................    ........1,982,453 ........1,882,801 ........1,982,825 ...........1,980,496 ..................0 .........(10,738) ..................0                             ...........(10,738)      .................0   ............1,969,758      ................0   .........12,696       .........12,696       ........51,012       08/01/2025.
        31419F KK 1 FNMA PASS-THRU INT 15 YR PL#AE4797............ ... 12/27/2011.                                  PRINCIPAL RECEIPT....................                    ...........................    ...........234,322 ...........234,322 ...........244,427 ..............244,217 ..................0 ...........(9,895) ..................0                        .............(9,895)     .................0   ...............234,322     ................0   ..................0   ..................0   ..........5,619      10/01/2025.
       31397S WX 8 FNR 2011-40 CA..................................................... ... 12/27/2011.              PRINCIPAL RECEIPT....................                    ...........................    .............67,118 .............67,118 .............68,266 .........................0 ..................0 ...........(1,148) ..................0                .............(1,148)     .................0   .................67,118    ................0   ..................0   ..................0   ..........1,006      12/25/2028.
        368497 DL 4 GEISINGER AUTH PA HEALTH SYS R HLT.......... ... 06/16/2011.                                    CALLED @ 100.0000000...............                      ...........................    ...........250,000 ...........250,000 ...........246,250 ..............248,452 ..................0 ...............110 ..................0                        .................110     .................0   ...............248,563     ................0   ...........1,437      ...........1,437      ........10,451       08/15/2016.
       41981V BU 1 HAWAII ST HSG & CMNTY DEV CORP REV......... ... 10/03/2011.                                      CALLED @ 100.0000000...............                      ...........................    .............80,000 .............80,000 .............82,426 ................80,000 ..................0 ...................0 ..................0                   ....................0   .................0   .................80,000    ................0   ..................0   ..................0   ..........3,125      07/01/2036.
        442348 B6 4 HOUSTON TEX ARPT SYS REV                      SUB.............. ... 08/22/2011.                 CALLED @ 100.0000000...............                      ...........................    ...........195,000 ...........195,000 ...........190,630 ..............193,423 ..................0 ...............204 ..................0                        .................204     .................0   ...............193,627     ................0   ...........1,373      ...........1,373      ........10,686       07/01/2015.

       49151E FS 7 KENTUCKY ST PPTY & BLDGS COMMN REV...... ... 10/03/2011. CALLED @ 100.0000000............... ........................... ...........250,000                                                                    ...........250,000     ...........249,375 ..............249,585 ..................0 .................22 ..................0 ...................22 .................0 ...............249,608 ................0                           ..............392     ..............392 ........12,750 10/01/2021.
       569027 EC 5 MARION CNTY IND CONVENTION & R REV......... ... 11/07/2011. CALLED @ 100.0000000............... ........................... ...........500,000                                                                 ...........500,000     ...........497,590 ..............499,020 ..................0 ...............137 ..................0 .................137 .................0 ...............499,157 ................0                             ..............843     ..............843 ........23,333 06/01/2016.

        623619      BZ    5   MOUNT VERNON OF HANCOCK CNTY I FIR.......                      ...   07/15/2011.      CALLED @ 100.0000000...............                      ...........................    ...........250,000 ...........250,000 ...........248,620 ..............249,140               ..................0   .................41     ..................0 ...................41 .................0 ...............249,181 ................0 ..............819                  ..............819     ........12,813       01/15/2021.
        649837      M5    7   NEW YORK ST DORM AUTH REVS REV..........                       ...   01/19/2011.      CALLED @ 100.0000000...............                      ...........................    ...........245,000 ...........245,000 ...........235,381 ..............241,541               ..................0   .................37     ..................0 ...................37 .................0 ...............241,579 ................0 ...........3,421                   ...........3,421      ..........5,431      08/01/2016.
        665245      WE    2   NORTHERN ILL UNIV REVS     AUX..................               ...   04/01/2011.      CALLED @ 100.0000000...............                      ...........................    ...........500,000 ...........500,000 ...........493,825 ..............496,007               ..................0   .................75     ..................0 ...................75 .................0 ...............496,082 ................0 ...........3,918                   ...........3,918      ........12,500       04/01/2021.
       67756Q       DQ    7   OHIO ST HSG FIN AGY RESIDENTIA MTG...........                  ...   12/05/2011.      CALLED @ 100.0000000...............                      ...........................    ...............5,000 ...............5,000 ...............5,000 ..................5,000       ..................0   ...................0    ..................0 ....................0 .................0 ..................5,000 ................0 ..................0               ..................0   .............255     09/01/2038.
       67886M       DT    3   OKLAHOMA HSG FIN AGY SINGLE FA REV.........                    ...   09/01/2011.      CALLED @ 100.0000000...............                      ...........................    .............40,000 .............40,000 .............40,152 ................40,104           ..................0   ..................(8)   ..................0 ...................(8) .................0 .................40,096 ................0 ...............(96)              ...............(96)   ..........1,680      09/01/2027.
            Annual Statement for the year 2011 of the                        STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                                                                                 SCHEDULE D - PART 4
                                                                                                                                                              Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year
                   1                                                   2                                       3           4                                   5                                       6                        7                      8                       9                       10                                        Change in Book/Adjusted Carrying Value                                                            16                     17                  18                    19                  20                21
                                                                                                               F                                                                                                                                                                                                                11                  12             13             14                                        15                                                                                                         Bond
                                                                                                               o                                                                                                                                                                                                                                                 Current                                                                         Book/               Foreign                                                         Interest/
                                                                                                               r                                                                                                                                                                                  Prior Year                                                     Year's                                                  Total                 Adjusted             Exchange              Realized                Total               Stock
                                                                                                               e                                                                                                                                                                                    Book/                 Unrealized              Current      Other Than        Total                                  Foreign                Carrying               Gain                  Gain                  Gain              Dividends          Stated
                                                                                                               i                                                                                 Number of                                                                                        Adjusted                 Valuation              Year's       Temporary      Change in                                Exchange                  Value               (Loss)                (Loss)                (Loss)             Received         Contractual
              CUSIP                                                                                            g      Disposal                                                                    Shares                                             Par                   Actual                  Carrying                Increase/           (Amortization)/ Impairment      B./A.C.V.                               Change in              at Disposal              on                    on                    on                 During          Maturity
           Identification                                       Description                                    n        Date                       Name of Purchaser                              of Stock               Consideration              Value                   Cost                    Value                 (Decrease)             Accretion     Recognized     (11+12-13)                               B./A.C.V.                 Date               Disposal              Disposal              Disposal               Year             Date

          679103 UD 1 OKLAHOMA ST INDS AUTH REV                                          REV............. ... 02/01/2011. CALLED @ 100.0000000............... ........................... ...........250,000                                  ...........250,000      ...........248,250 ..............248,660 ..................0 ...................9 ..................0                 ....................9 .................0 ...............248,668 ................0          ...........1,332      ...........1,332 ..........6,563 02/01/2021.

          765418 AC 2 RICHMOND VA MET AUTH EXPWY REV REV...... ... 01/18/2011. CALLED @ 100.0000000............... ........................... .............20,000                                                                            .............20,000     .............20,000 ................20,000 ..................0 ...................0 ..................0               ....................0 .................0 .................20,000 ................0 ..................0 ..................0 .............560 01/15/2013.
          880459 PP 1 TENNESSEE HSG DEV AGY     HOM................ ... 10/03/2011. CALLED @ 100.0000000............... ........................... .............25,000                                                                       .............25,000     .............25,000 ................25,000 ..................0 ...................0 ..................0               ....................0 .................0 .................25,000 ................0 ..................0 ..................0 ..........1,034 07/01/2021.
          880460 VE 7 TENNESSEE HSG DEV AGY MTG FIN MTG........ ... 10/03/2011. CALLED @ 100.0000000............... ........................... .............25,000                                                                           .............25,000     .............25,000 ................25,000 ..................0 ...................0 ..................0               ....................0 .................0 .................25,000 ................0 ..................0 ..................0 .............916 07/01/2023.

         93978E FR 8 WASHINGTON ST HEALTH CARE FACS REV...... ... 12/22/2011. CALLED @ 100.0000000............... ...........................                                                                           ...........250,000    ...........250,000 ...........244,403 ..............247,863 ..................0 ...............384 ..................0 .................384 .................0 ...............248,247 ................0 ...........1,753 ...........1,753 ........14,474 11/15/2015.
         988321 BX 2 YUBA CNTY CALIF WTR AGY REV WTR........... ... 09/01/2011. CALLED @ 100.0000000............... ...........................                                                                         .............10,000   .............10,000 ...............9,793 ..................9,955 ..................0 ...................3 ..................0 ....................3 .................0 ..................9,958 ................0 ................42 ................42 .............300 03/01/2016.
        3199999.      Total - Bonds - U.S. Special Revenue and Special Assessments.....................................................................................................                                 ........7,630,788     ........7,480,020 ........7,643,225 ...........7,481,502 ..................0 .........(65,167) ..................0 ...........(65,167) .................0 ............7,578,970 ................0 .........51,820 .........51,820 ......258,262 .....XXX......
        Bonds - Industrial and Miscellaneous
         001055 AC 6 AFLAC INC............................................................. ... 03/15/2011. GOLDMAN SACHS........................ ...........................                                           ...........608,180    ...........500,000      ...........584,625    ..............577,764        ..................0   ...........(1,476)     ..................0   .............(1,476)     .................0   ...............576,288   ................0   .........31,892       .........31,892       ........14,521    05/15/2019.
         00087V AC 1 AVIATION CAPITAL GROUP TRUST III................. ... 12/29/2011. PRINCIPAL RECEIPT.................... ...........................                                                                ...........107,134    ...........107,134      .............98,563   ................98,615       ..................0   ............8,519      ..................0   ..............8,519      .................0   ...............107,134   ................0   ..................0   ..................0   ..........2,187   12/25/2035.
         073294 AA 8 BB&T CAP TR IV..................................................... ... 03/22/2011. CastleOak Securities...................... ...........................                                         ........1,429,560     ........1,444,000       ........1,309,188     ...........1,309,979         ..................0   .................74    ..................0   ...................74    .................0   ............1,310,053    ................0   .......119,507        .......119,507        ........28,176    06/12/2057.
         29364L AT 9 ENTERGY GULF STS INC...................................... ... 10/12/2011. RW PRESSPRICH & CO................ ...........................                                                          ...........999,000    ........1,000,000       ...........904,210    ..............907,753        ..................0   ............1,196      ..................0   ..............1,196      .................0   ...............908,948   ................0   .........90,052       .........90,052       ........69,697    03/01/2035.
         590218 AF 0 ML MTG INV TR 2006-F1........................................ ... 12/27/2011. PRINCIPAL RECEIPT.................... ...........................                                                    ...........144,319    ...........144,319      ...........143,778    ..............128,466        .........15,317       ...............536     ..................0   ............15,853       .................0   ...............144,319   ................0   ..................0   ..................0   ..........4,719   04/25/2036.
         617446 GM 5 MORGAN STANLEY............................................... ... 04/15/2011. MATURITY..................................... ...........................                                            ...........250,000    ...........250,000      ...........250,000    ..............250,000        ..................0   ...................0   ..................0    ....................0   .................0   ...............250,000   ................0   ..................0   ..................0   ..........8,438   04/15/2011.
         74367C AB 1 PROTECTIVE LIFE SECD TRS.............................. ... 01/18/2011. CALLED @ 100.0000000............... ...........................                                                             ...........250,000    ...........250,000      ...........250,000    ..............250,000        ..................0   ...................0   ..................0    ....................0   .................0   ...............250,000   ................0   ..................0   ..................0   ..........7,188   01/15/2019.
E14.1




         92344G AQ 9 VERIZON GLOBAL FDG CORP.............................. ... 11/28/2011. CALLED @ 103.5410000............... ...........................                                                              ...........258,853    ...........250,000      ...........235,625    ..............247,114        ..................0   ............1,762      ..................0   ..............1,762      .................0   ...............248,877   ................0   ...........9,976      ...........9,976      ........16,376    06/15/2012.
         90261X EM 0 UBS AG STAMFORD BRH MEDIUM...................... E. 12/22/2011. UBS Financial Services.................. ...........................                                                               ........1,037,659     ........1,000,000       ........1,044,300     ...........1,039,350         ..................0   ...........(4,697)     ..................0   .............(4,697)     .................0   ............1,034,652    ................0   ...........3,008      ...........3,008      ........60,056    12/20/2017.
        3899999.      Total - Bonds - Industrial and Miscellaneous............................................. .....................................................................................                   ........5,084,705     ........4,945,453       ........4,820,289     ...........4,809,041         .........15,317       ............5,914      ..................0   ............21,231       .................0   ............4,830,271    ................0   .......254,435        .......254,435        ......211,358     .....XXX......
        8399997.      Total - Bonds - Part 4............................................................................... .....................................................................................       ......22,611,243      ......21,693,891        ......22,033,822       .........21,847,713         .........15,317       .........(70,082)      ..................0   ...........(54,765)      .................0   ..........21,955,580     ................0   .......655,666        .......655,666        ......778,714     .....XXX......
        8399998.      Total - Bonds - Summary Item from Part 5............................................... .....................................................................................                     ......11,468,241      ......11,253,753        ......11,231,438      .........................0   ..................0   ...........(3,900)     ..................0   .............(3,900)     .................0   ..........11,227,538     ................0   .......240,701        .......240,701        ......173,982     .....XXX......
        8399999.      Total - Bonds............................................................................................ .....................................................................................   ......34,079,484      ......32,947,644        ......33,265,260       .........21,847,713         .........15,317       .........(73,982)      ..................0   ...........(58,665)      .................0   ..........33,183,118     ................0   .......896,367        .......896,367        ......952,696     .....XXX......
        Preferred Stocks - Industrial and Miscellaneous
         80281R 88 8 SANTANDER FIN PFD S A..................................... F. 04/19/2011. BLOOMBERG................................ ........40,000.000                                                             ...........812,001     ...............25.00   ...........805,000    ..............728,000        .........77,000       ...................0   ..................0   ............77,000       .................0   ...............805,000   ................0   ...........7,001      ...........7,001      ........10,111    .....XXX......
        8499999.      Total - Preferred Stocks - Industrial and Miscellaneous............................ .....................................................................................                         ...........812,001    .........XXX.........   ...........805,000    ..............728,000        .........77,000       ...................0   ..................0   ............77,000       .................0   ...............805,000   ................0   ...........7,001      ...........7,001      ........10,111    .....XXX......
        8999997.      Total - Preferred Stocks - Part 4............................................................... .....................................................................................            ...........812,001    .........XXX.........   ...........805,000    ..............728,000        .........77,000       ...................0   ..................0   ............77,000       .................0   ...............805,000   ................0   ...........7,001      ...........7,001      ........10,111    .....XXX......
        8999999.      Total - Preferred Stocks............................................................................ .....................................................................................        ...........812,001    .........XXX.........   ...........805,000    ..............728,000        .........77,000       ...................0   ..................0   ............77,000       .................0   ...............805,000   ................0   ...........7,001      ...........7,001      ........10,111    .....XXX......
        9899999.      Total - Preferred and Common Stocks...................................................... .....................................................................................                   ...........812,001    .........XXX.........   ...........805,000    ..............728,000        .........77,000       ...................0   ..................0   ............77,000       .................0   ...............805,000   ................0   ...........7,001      ...........7,001      ........10,111    .....XXX......
        9999999.      Total - Bonds, Preferred and Common Stocks.......................................... .....................................................................................                        ......34,891,485      .........XXX.........   ......34,070,260      .........22,575,713          .........92,317       .........(73,982)      ..................0   ............18,335       .................0   ..........33,988,118     ................0   .......903,368        .......903,368        ......962,807     .....XXX......
          Annual Statement for the year 2011 of the                      STATE WIDE INSURANCE COMPANY
                                                                                                                                                                                                                                            SCHEDULE D - PART 5
                                                                                                                                                         Showing all Long-Term Bonds and Stocks ACQUIRED During Year and Fully DISPOSED OF During Current Year
                 1                                                2                                     3           4                                5                                6                                7                                   8                       9                     10                      11                           Change in Book/Adjusted Carrying Value                                                  17                 18                19                 20              21
                                                                                                        F                                                                                                                                                                                                                                             12         13             14              15                                  16
                                                                                                        o                                                                                                                                            Par Value                                                                                                                Current                                                                                                                     Interest
                                                                                                        r                                                                                                                                             (Bonds)                                                                 Book/                                           Year's                                             Total            Foreign            Realized            Total              and            Paid for
                                                                                                        e                                                                                                                                                or                                                                  Adjusted            Unrealized    Current      Other Than        Total                             Foreign          Exchange              Gain              Gain            Dividends        Accrued
                                                                                                        i                                                                                                                                            Number of                                                               Carrying             Valuation    Year's       Temporary       Change in                          Exchange            Gain               (Loss)            (Loss)           Received          Interest
            CUSIP                                                                                       g       Date                                                             Disposal                                                              Shares                   Actual                                       Value at             Increase/ (Amortization)/ Impairment      B./A.C.V.                          Change in         (Loss) on              on                on               During            and
         Identification                                     Description                                 n      Acquired                    Name of Vendor                          Date                    Name of Purchaser                          (Stock)                    Cost             Consideration              Disposal            (Decrease)   Accretion     Recognized     (12+13-14)                          B./A.C.V.         Disposal            Disposal          Disposal             Year          Dividends

      Bonds - U.S. Special Revenue and Special Assessment
       31395L MN 8 FEDERAL HOME LN MTG CORP......................... ... 01/19/2011 Barclays...................................... 04/26/2011 VARIOUS................................... .........3,196,014                                                                .........3,230,970    .........3,249,786    ...........3,228,245 ..................0 ..........(2,725) ..................0 .............(2,725) ..............0       ..............0 .........21,541 .........21,541 .......56,515            ......9,277
       31397B PS 4 FEDERAL HOME LN MTG CORP REMIC TR....... ... 01/19/2011 Barclays...................................... 03/15/2011 PRINCIPAL RECEIPT................ .........1,286,893                                                                                  .........1,287,697    .........1,286,893    ...........1,286,893 ..................0 .............(804) ..................0 ...............(804) ..............0      ..............0 ..................0 ..................0 .........8,709   ......3,736
       3137A0 UL 7 FHLMC REMIC SERIES 3716............................... ... 04/26/2011 BAIRD, ROBERT W. & CO......... 09/16/2011 VARIOUS................................... .........3,860,707                                                                           .........3,743,076    .........3,915,423    ...........3,751,418 ..................0 ...........8,342 ..................0 ..............8,342 ..............0         ..............0 .......164,005 .......164,005 .......44,857              ......7,507
                                                                                                                         JANNEY MONTGOMERY
       3137A2 YS 4 FHLMC REMIC SERIES 3763............................... ... 06/02/2011 SCOTT,                                                                                08/15/2011 VARIOUS................................... ............970,405                   ............969,950   ............994,891 ..............969,940 ..................0 ...............(10) ..................0 .................(10)   ..............0   ..............0   .........24,950   .........24,950    .........6,026 .........485
       31419K GG 4 FNCI PL AE8298................................................... ... 01/24/2011 BAIRD, ROBERT W. & CO......... 11/25/2011 VARIOUS................................... .........1,939,735                                                                .........1,999,745    .........2,021,248 ...........1,991,042 ..................0 ..........(8,703) ..................0 .............(8,703)        ..............0   ..............0   .........30,205   .........30,205    .......57,875 ......3,017
      3199999.   Total - Bonds - U.S. Special Revenue and Special Assessments............................................................................................................................................ .......11,253,753                                .......11,231,438     .......11,468,241 .........11,227,538 ..................0 ..........(3,900) ..................0 .............(3,900)          ..............0   ..............0   .......240,701    .......240,701     .....173,982 .....24,022
      8399998.   Total - Bonds.......................................................................................... ............................................................................................................................. .......11,253,753   .......11,231,438     .......11,468,241 .........11,227,538 ..................0 ..........(3,900) ..................0 .............(3,900)          ..............0   ..............0   .......240,701    .......240,701     .....173,982 .....24,022
      9999999.   Total - Bonds, Preferred and Common Stocks........................................ ..........................................................................................................................................................             .......11,231,438     .......11,468,241 .........11,227,538 ..................0 ..........(3,900) ..................0 .............(3,900)          ..............0   ..............0   .......240,701    .......240,701     .....173,982 .....24,022
E15
Annual Statement for the year 2011 of the   STATE WIDE INSURANCE COMPANY


                                                          Sch. D-Pt. 6-Sn. 1
                                                               NONE


                                                          Sch. D-Pt. 6-Sn. 2
                                                               NONE


                                                             Sch. DA-Pt. 1
                                                                NONE


                                                         Sch. DB-Pt. A-Sn. 1
                                                               NONE


                                                         Sch. DB-Pt. A-Sn. 2
                                                               NONE


                                                         Sch. DB-Pt. B-Sn. 1
                                                               NONE


                                                 Sch. DB-Pt. B-Sn 1B-Broker List
                                                              NONE


                                                         Sch. DB-Pt. B-Sn. 2
                                                               NONE


                                                 Sch. DB-Pt. B-Sn 2B-Broker List
                                                              NONE


                                                             Sch. DB-Pt. D
                                                                NONE


                                                             Sch. DL-Pt. 1
                                                                NONE


                                                             Sch. DL-Pt. 2
                                                                NONE
                                                  E16, E17, E18, E19, E20, E21, E22, E23, E24
Annual Statement for the year 2011 of the                          STATE WIDE INSURANCE COMPANY
                                                                                                                            SCHEDULE E - PART 1 - CASH
                                                                                                 1                                                                                                         2                   3                          4                               5                                    6                     7
                                                                                                                                                                                                                                                     Amount of                       Amount of
                                                                                                                                                                                                                             Rate                     Interest                    Interest Accrued
                                                                                                                                                                                                                              of                     Received                     December 31 of
                                                                                          Depository                                                                                                    Code               Interest                 During Year                     Current Year                          Balance                    *
Open Depositories
MM: BlackRock 11....................................................................... One Financial Center, Boston, MA 02111....................................                                     ...........   ................0.040    .............................1   .............................0   ......................15,347       XXX
MM: Fed Govn't 05 .................................................................... 5800 Corporate Drive, Pittsburgh, PA 15237-7000........................                                         ...........   ................0.010    .............................8   .............................0   ......................55,095       XXX
MM: Fidelity Govt 57 .................................................................. 500 Salem Street, Smithfield, RI 02917........................................                                 ...........   ................0.010    .........................564     .............................0   .................6,688,459         XXX
MM: Reserve Primary ................................................................ 1250 Broadway, New York, NY 10001..........................................                                       ...........   ................0.000    .............................0   .............................0   ...............................0   XXX
Petty Cash.................................................................................... .....................................................................................................   ...........   ................0.000    .............................0   .............................0   ...........................500     XXX
Bank of New York ....................................................................... One Wall Street, NY, New York 10286.........................................                                  ...........   ................0.010    .........................112     .............................0   ....................590,777        XXX
Bank of America ........................................................................ 100 Federal Street, Boston, MA 02110........................................                                  ...........   ................0.000    .............................0   .............................0   ..........................(325)    XXX
Bank of America ........................................................................ 100 Federal Street, Boston, MA 02110........................................                                  ...........   ................0.000    .............................0   .............................0   .................1,417,514         XXX
Bank of America ......................................................................... 100 Federal Street, Boston, MA 02110........................................                                 ...........   ................0.000    .............................0   .............................0   ...................(211,983)       XXX
Bank of America ........................................................................ 100 Federal Street, Boston, MA 02110........................................                                  ...........   ................0.000    .............................0   .............................0   ................(1,227,030)        XXX
0199999. Total - Open Depositories.....................................................................................................................................................                .XXX...       ..........XXX.........   .........................685     .............................0   .................7,328,354         XXX..
0399999. Total Cash on Deposit..........................................................................................................................................................               .XXX...       ..........XXX.........   .........................685     .............................0   .................7,328,354         XXX..
0599999. Total Cash...........................................................................................................................................................................         .XXX...       ..........XXX.........   .........................685     .............................0   .................7,328,354         XXX..




                                                                                    TOTALS OF DEPOSITORY BALANCES ON THE LAST DAY OF EACH MONTH DURING THE CURRENT YEAR
1. January.............................. .............................7,462,812 4. April................................... .............................5,148,166 7. July.................................... .............................4,262,842 10. October............................ .............................5,857,648
2. February............................ .............................1,813,842 5. May.................................... .............................3,123,479 8. August............................... .............................5,745,588 11. November........................ .............................6,771,295
3. March................................ .............................2,846,251 6. June................................... .............................3,303,172 9. September......................... .............................3,142,459 12. December........................ .............................7,328,355

                                                                                                                                                                        E25
      Annual Statement for the year 2011 of the   STATE WIDE INSURANCE COMPANY
                                                                                 SCHEDULE E - PART 2 - CASH EQUIVALENTS
                                                                                         Show Investments Owned December 31 of Current Year
                                                               1                   2        3          4          5               6                   7                  8

                                                                                          Date      Rate of                 Book/Adjusted     Amount of Interest   Amount Received
                                                           Description            Code   Acquired   Interest   Maturity     Carrying Value     Due & Accrued         During Year




                                                                                   NONE
E26
Annual Statement for the year 2011 of the                        STATE WIDE INSURANCE COMPANY
                                                                                         SCHEDULE E - PART 3 - SPECIAL DEPOSITS
                                                                        1                                                                      2                                                                               Deposits for the
                                                                                                                                                                                                                           Benefit of All Policyholders                                       All Other Special Deposits
                                                                                                                                                                                                                            3                        4                                         5                     6
                                                                    Type of                                                             Purpose of                                                                   Book/Adjusted                  Fair                                Book/Adjusted               Fair
                       States, Etc.                                 Deposit                                                              Deposit                                                                     Carrying Value                Value                                Carrying Value             Value
   1.       Alabama......................................AL ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
   2.       Alaska.........................................AK ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
   3.       Arizona........................................AZ ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
   4.        Arkansas....................................AR ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
   5.        California....................................CA ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
   6.        Colorado....................................CO ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
   7.       Connecticut.................................CT ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
   8.        Delaware....................................DE ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
   9.        District of Columbia....................DC ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  10.        Florida.........................................FL ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  11.        Georgia......................................GA ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  12.       Hawaii..........................................HI ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  13.       Idaho............................................ID ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  14.        Illinois...........................................IL ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  15.       Indiana.........................................IN ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  16.        Iowa.............................................IA ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  17.       Kansas........................................KS ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  18.       Kentucky.....................................KY ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  19.       Louisiana.....................................LA ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  20.        Maine.........................................ME ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  21.        Maryland....................................MD ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  22.        Massachusetts...........................MA ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  23.       Michigan......................................MI ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  24.        Minnesota..................................MN ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  25.       Mississippi..................................MS ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  26.        Missouri.....................................MO ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  27.        Montana.....................................MT ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  28.        Nebraska....................................NE ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  29.       Nevada.......................................NV ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  30.       New Hampshire..........................NH ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  31.        New Jersey.................................NJ ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  32.        New Mexico...............................NM ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  33.       New York....................................NY ......B.... PROPERTY & CASUALTY.......................................................................................... ...................499,468                                   ...................602,032 ..............................0 ..............................0
  34.        North Carolina............................NC ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  35.        North Dakota..............................ND ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  36.        Ohio...........................................OH ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  37.       Oklahoma...................................OK ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  38.        Oregon.......................................OR ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  39.        Pennsylvania..............................PA ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  40.       Rhode Island................................RI ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  41.       South Carolina............................SC ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  42.       South Dakota..............................SD ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  43.       Tennessee..................................TN ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  44.       Texas..........................................TX ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  45.       Utah............................................UT ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  46.        Vermont......................................VT ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  47.       Virginia........................................VA ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  48.       Washington................................WA ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  49.       West Virginia..............................WV ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  50.       Wisconsin....................................WI ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  51.       Wyoming....................................WY ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  52.        American Samoa........................AS ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  53.        Guam.........................................GU ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  54.       Puerto Rico.................................PR ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  55.       US Virgin Islands..........................VI ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  56.        Northern Mariana Islands...........MP ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  57.       Canada.......................................CN ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
  58.       Aggregate Alien and Other..........OT ...XXX... .............................................................XXX................................................................ ..............................0 ..............................0 ..............................0 ..............................0
  59.        Total................................................ ...XXX... .............................................................XXX................................................................ ...................499,468          ...................602,032 ..............................0 ..............................0
                                                                                                                                                       DETAILS OF WRITE-INS
 5801. ........................................................ ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
 5802. ........................................................ ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
 5803. ........................................................ ............ .................................................................................................................................... ..............................0 ..............................0 ..............................0 ..............................0
 5898. Summary of remaining write-ins for
            line 58 from overflow page............... ...XXX... .............................................................XXX................................................................ ..............................0 ..............................0 ..............................0 ..............................0
 5899. Total (Lines 5801 thru 5803+5898)
            (Line 58 above)................................ ...XXX... .............................................................XXX................................................................ ..............................0 ..............................0 ..............................0 ..............................0




                                                                                                                                                                   E27
                          2011 ALPHABETICAL INDEX -- PROPERTY & CASUALTY ANNUAL STATEMENT BLANK
Assets                                                                                                2   Schedule P–Part 2H–Section 1–Other Liability–Occurrence                                              56
Cash Flow                                                                                             5   Schedule P–Part 2H–Section 2–Other Liability–Claims–Made                                             56
Exhibit of Capital Gains (Losses)                                                                    12   Schedule P–Part 2I–Spec. Prop. (Fire, Allied Lines, Inland Marine, Earthquake, Burglary, Theft)      57
Exhibit of Net Investment Income                                                                     12   Schedule P–Part 2J–Auto Physical Damage                                                              57
Exhibit of Nonadmitted Assets                                                                        13   Schedule P–Part 2K–Fidelity, Surety                                                                  57
Exhibit of Premiums and Losses (State Page)                                                          19   Schedule P–Part 2L–Other (Including Credit, Accident and Health)                                     57
Five-Year Historical Data                                                                            17   Schedule P–Part 2M–International                                                                     57
General Interrogatories                                                                              15   Schedule P–Part 2N–Reinsurance – Nonproportional Assumed Property                                    58
Jurat Page                                                                                            1   Schedule P–Part 2O–Reinsurance – Nonproportional Assumed Liability                                   58
Liabilities, Surplus and Other Funds                                                                  3   Schedule P–Part 2P–Reinsurance – Nonproportional Assumed Financial Lines                             58
Notes To Financial Statements                                                                        14   Schedule P–Part 2R–Section 1–Products Liability–Occurrence                                           59
Overflow Page For Write-ins                                                                          98   Schedule P–Part 2R–Section 2–Products Liability–Claims-Made                                          59
Schedule A–Part 1                                                                                  E01    Schedule P–Part 2S–Financial Guaranty/Mortgage Guaranty                                              59
Schedule A–Part 2                                                                                  E02    Schedule P–Part 2T–Warranty                                                                          59
Schedule A–Part 3                                                                                  E03    Schedule P–Part 3A–Homeowners/Farmowners                                                             60
Schedule A–Verification Between Years                                                              SI02   Schedule P–Part 3B–Private Passenger Auto Liability/Medical                                          60
Schedule B–Part 1                                                                                  E04    Schedule P–Part 3C–Commercial Auto/Truck Liability/Medical                                           60
Schedule B–Part 2                                                                                  E05    Schedule P–Part 3D–Workers’ Compensation                                                             60
Schedule B–Part 3                                                                                  E06    Schedule P–Part 3E–Commercial Multiple Peril                                                         60
Schedule B–Verification Between Years                                                              SI02   Schedule P–Part 3F–Section 1 –Medical Professional Liability–Occurrence                              61
Schedule BA–Part 1                                                                                 E07    Schedule P–Part 3F–Section 2–Medical Professional Liability–Claims-Made                              61
Schedule BA–Part 2                                                                                 E08    Schedule P–Part 3G–Special Liability (Ocean Marine, Aircraft (All Perils), Boiler & Machinery)       61
Schedule BA–Part 3                                                                                 E09    Schedule P–Part 3H–Section 1–Other Liability–Occurrence                                              61
Schedule BA–Verification Between Years                                                             SI03   Schedule P–Part 3H–Section 2–Other Liability–Claims-Made                                             61
Schedule D–Part 1                                                                                  E10    Schedule P–Part 3I–Spec. Prop. (Fire, Allied Lines, Inland Marine, Earthquake, Burglary, Theft)      62
Schedule D–Part 1A–Section 1                                                                       SI05   Schedule P–Part 3J–Auto Physical Damage                                                              62
Schedule D–Part 1A–Section 2                                                                       SI08   Schedule P–Part 3K–Fidelity/Surety                                                                   62
Schedule D–Part 2–Section 1                                                                        E11    Schedule P–Part 3L–Other (Including Credit, Accident and Health)                                     62
Schedule D–Part 2–Section 2                                                                        E12    Schedule P–Part 3M–International                                                                     62
Schedule D–Part 3                                                                                  E13    Schedule P–Part 3N–Reinsurance – Nonproportional Assumed Property                                    63
Schedule D–Part 4                                                                                  E14    Schedule P–Part 3O–Reinsurance – Nonproportional Assumed Liability                                   63
Schedule D–Part 5                                                                                  E15    Schedule P–Part 3P–Reinsurance – Nonproportional Assumed Financial Lines                             63
Schedule D–Part 6–Section 1                                                                        E16    Schedule P–Part 3R–Section 1–Products Liability–Occurrence                                           64
Schedule D–Part 6–Section 2                                                                        E16    Schedule P–Part 3R–Section 2–Products Liability–Claims-Made                                          64
Schedule D–Summary By Country                                                                      SI04   Schedule P–Part 3S–Financial Guaranty/Mortgage Guaranty                                              64
Schedule D–Verification Between Years                                                              SI03   Schedule P–Part 3T–Warranty                                                                          64
Schedule DA–Part 1                                                                                 E17    Schedule P–Part 4A–Homeowners/Farmowners                                                             65
Schedule DA–Verification Between Years                                                             SI10   Schedule P–Part 4B–Private Passenger Auto Liability/Medical                                          65
Schedule DB–Part A–Section 1                                                                       E18    Schedule P–Part 4C–Commercial Auto/Truck Liability/Medical                                           65
Schedule DB–Part A–Section 2                                                                       E19    Schedule P–Part 4D–Workers’ Compensation                                                             65
Schedule DB–Part A–Verification Between Years                                                      SI11   Schedule P–Part 4E–Commercial Multiple Peril                                                         65
Schedule DB–Part B–Section 1                                                                       E20    Schedule P–Part 4F–Section 1–Medical Professional Liability–Occurrence                               66
Schedule DB–Part B–Section 2                                                                       E21    Schedule P–Part 4F–Section 2–Medical Professional Liability–Claims-Made                              66
Schedule DB–Part B–Verification Between Years                                                      SI11   Schedule P–Part 4G–Special Liability (Ocean Marine, Aircraft (All Perils), Boiler & Machinery)       66
Schedule DB–Part C–Section 1                                                                       SI12   Schedule P–Part 4H–Section 1–Other Liability–Occurrence                                              66
Schedule DB–Part C–Section 2                                                                       SI13   Schedule P–Part 4H–Section 2–Other Liability–Claims-Made                                             66
Schedule DB–Part D                                                                                 E22    Schedule P–Part 4I–Spec. Prop. (Fire, Allied Lines, Inland Marine, Earthquake, Burglary & Theft)     67
Schedule DB–Verification                                                                           SI14   Schedule P–Part 4J–Auto Physical Damage                                                              67
Schedule DL–Part 1                                                                                 E23    Schedule P–Part 4K–Fidelity/Surety                                                                   67
Schedule DL–Part 2                                                                                 E24    Schedule P–Part 4L–Other (Including Credit, Accident and Health)                                     67
Schedule E–Part 1–Cash                                                                             E25    Schedule P–Part 4M–International                                                                     67
Schedule E–Part 2–Cash Equivalents                                                                 E26    Schedule P–Part 4N–Reinsurance – Nonproportional Assumed Property                                    68
Schedule E–Part 3–Special Deposits                                                                 E27    Schedule P–Part 4O–Reinsurance – Nonproportional Assumed Liability                                   68
Schedule E–Verification Between Years                                                              SI15   Schedule P–Part 4P–Reinsurance – Nonproportional Assumed Financial Lines                             68
Schedule F–Part 1                                                                                    20   Schedule P–Part 4R–Section 1–Products Liability–Occurrence                                           69
Schedule F–Part 2                                                                                    21   Schedule P–Part 4R–Section 2–Products Liability–Claims-Made                                          69
Schedule F–Part 3                                                                                    22   Schedule P–Part 4S–Financial Guaranty/Mortgage Guaranty                                              69
Schedule F–Part 4                                                                                    23   Schedule P–Part 4T–Warranty                                                                          69
Schedule F–Part 5                                                                                    24   Schedule P–Part 5A–Homeowners/Farmowners                                                             70
Schedule F–Part 6                                                                                    25   Schedule P–Part 5B–Private Passenger Auto Liability/Medical                                          71
Schedule F–Part 7                                                                                    26   Schedule P–Part 5C–Commercial Auto/Truck Liability/Medical                                           72
Schedule F–Part 8                                                                                    27   Schedule P–Part 5D–Workers’ Compensation                                                             73
Schedule H–Accident and Health Exhibit–Part 1                                                        28   Schedule P–Part 5E–Commercial Multiple Peril                                                         74
Schedule H–Accident and Health Exhibit–Part 2, Part 3 and Part 4                                     29   Schedule P–Part 5F–Medical Professional Liability–Claims-Made                                        76
Schedule H–Accident and Health Exhibit–Part 5–Health Claims                                          30   Schedule P–Part 5F–Medical Professional Liability–Occurrence                                         75
Schedule P–Part 1–Summary                                                                            31   Schedule P–Part 5H–Other Liability–Claims-Made                                                       78
Schedule P–Part 1A–Homeowners/Farmowners                                                             33   Schedule P–Part 5H–Other Liability–Occurrence                                                        77
Schedule P–Part 1B–Private Passenger Auto Liability/Medical                                          34   Schedule P–Part 5R–Products Liability–Claims-Made                                                    80
Schedule P–Part 1C–Commercial Auto/Truck Liability/Medical                                           35   Schedule P–Part 5R–Products Liability–Occurrence                                                     79
Schedule P–Part 1D–Workers’ Compensation                                                             36   Schedule P–Part 5T–Warranty                                                                          81
Schedule P–Part 1E–Commercial Multiple Peril                                                         37   Schedule P–Part 6C–Commercial Auto/Truck Liability/Medical                                           82
Schedule P–Part 1F–Section 1–Medical Professional Liability–Occurrence                               38   Schedule P–Part 6D–Workers’ Compensation                                                             82
Schedule P–Part 1F–Section 2–Medical Professional Liability–Claims-Made                              39   Schedule P–Part 6E–Commercial Multiple Peril                                                         83
Schedule P–Part 1G-Special Liability (Ocean, Marine, Aircraft (All Perils), Boiler & Machinery)      40   Schedule P–Part 6H–Other Liability–Claims-Made                                                       84
Schedule P–Part 1H–Section 1–Other Liability–Occurrence                                              41   Schedule P–Part 6H–Other Liability–Occurrence                                                        83
Schedule P–Part 1H–Section 2–Other Liability–Claims-Made                                             42   Schedule P–Part 6M–International                                                                     84
Schedule P–Part 1I–Spec. Prop. (Fire, Allied Lines, Inland Marine, Earthquake, Burglary & Theft)     43   Schedule P–Part 6N–Reinsurance – Nonproportional Assumed Property                                    85
Schedule P–Part 1J–Auto Physical Damage                                                              44   Schedule P–Part 6O–Reinsurance – Nonproportional Assumed Liability                                   85
Schedule P–Part 1K–Fidelity/Surety                                                                   45   Schedule P–Part 6R–Products Liability–Claims-Made                                                    86
Schedule P–Part 1L–Other (Including Credit, Accident and Health)                                     46   Schedule P–Part 6R–Products Liability–Occurrence                                                     86
Schedule P-Part 1M-International                                                                     47   Schedule P–Part 7A–Primary Loss Sensitive Contracts                                                  87
Schedule P–Part 1N–Reinsurance – Nonproportional Assumed Property                                    48   Schedule P–Part 7B–Reinsurance Loss Sensitive Contracts                                              89
Schedule P–Part 1O–Reinsurance – Nonproportional Assumed Liability                                   49   Schedule P Interrogatories                                                                           91
Schedule P–Part 1P–Reinsurance – Nonproportional Assumed Financial Lines                             50   Schedule T–Exhibit of Premiums Written                                                               92
Schedule P–Part 1R–Section 1–Products Liability–Occurrence                                           51   Schedule T–Part 2–Interstate Compact                                                                 93
Schedule P–Part 1R–Section 2–Products Liability–Claims–Made                                          52   Schedule Y–Information Concerning Activities of Insurer Members of a Holding Company Group           94
Schedule P–Part 1S–Financial Guaranty/Mortgage Guaranty                                              53   Schedule Y–Detail of Insurance Holding Company System                                                95
Schedule P–Part 1T–Warranty                                                                          54   Schedule Y–Part 2–Summary of Insurer’s Transactions With Any Affiliates                              96
Schedule P–Part 2, Part 3 and Part 4 - Summary                                                       32   Statement of Income                                                                                   4
Schedule P–Part 2A–Homeowners/Farmowners                                                             55   Summary Investment Schedule                                                                        SI01
Schedule P–Part 2B–Private Passenger Auto Liability/Medical                                          55   Supplemental Exhibits and Schedules Interrogatories                                                  97
Schedule P–Part 2C–Commercial Auto/Truck Liability/Medical                                           55   Underwriting and Investment Exhibit Part 1                                                            6
Schedule P–Part 2D–Workers’ Compensation                                                             55   Underwriting and Investment Exhibit Part 1A                                                           7
Schedule P–Part 2E–Commercial Multiple Peril                                                         55   Underwriting and Investment Exhibit Part 1B                                                           8
Schedule P–Part 2F–Section 1–Medical Professional Liability–Occurrence                               56   Underwriting and Investment Exhibit Part 2                                                            9
Schedule P–Part 2F–Section 2–Medical Professional Liability–Claims–Made                              56   Underwriting and Investment Exhibit Part 2A                                                          10
Schedule P–Part 2G–Special Liability (Ocean Marine, Aircraft (All Perils), Boiler & Machinery)       56   Underwriting and Investment Exhibit Part 3                                                           11




                                                                                                   INDEX

				
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