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WFG National Title Insurance Company


									                                                                           WFG National Title Insurance Company
                                                                                                                NAIC: 51152
                                                                                                 2711 Middleburg Drive, Suite 312
                                                                                                       Columbia, SC 29204

   WFG National Title Ins. Co. (WFG) is dedicated to taking time and cost out of real estate transactions. By focusing on the client and their processes, WFG will help
   compress the time required to close a loan and/or transfer real property ownership.

                   Net Admitted Assets - 3rd Quarter 2010                                                                                                   Liabilities - 3rd Quarter 2010

                                                                                   BALANCE SHEET REPORT - 3RD QUARTER 2010
                                                                            PERCENT                           PERCENT               LIABILITIES AND                                                      PERCENT                             PERCENT
       NET ADMITTED ASSETS                                  9/30/10           TOTAL             12/31/09      CHANGE                POLICYHOLDERS' SURPLUS                               9/30/10           TOTAL             12/31/09        CHANGE

       BONDS                                                                                                                        KNOWN CLAIM RESERVE
                                                          9,634,248           67.80%          12,813,785       -24.81%                                                                  441,864             3.11%            470,330          -6.05%

       STOCKS                                                                                                                       ALL OTHER RESERVES
                                                               0               0.00%               0            0.00%                                                                  3,867,196           27.21%           3,640,104         6.24%

       CASH AND EQUIVALENTS                                                                                                         PREMIUMS RECEIVED IN ADVANCE
                                                              ,                6.36%           1,541,272
                                                                                                ,   ,          -41.37%                                                                  123,752
                                                                                                                                                                                           ,                0.87%               0             0.00%
                                                                                                                                    PAYABLE TO PARENT,
                                                            7,500              0.05%             7,500          0.00%               SUBSIDIARIES AND AFFILIATES                          2,790              0.02%            430,756         -99.35%
                                                                                                                                    ALL OTHER LIABILITIES
       ASSETS                                            10,545,451           74.21%          14,362,557       -26.58%                                                                  298,876             2.10%            158,700          88.33%
                                                                                                                                    TOTAL LIABILITIES
       BALANCES                                            340,422             2.40%              96             N/A                                                                   4,734,478           33.32%           4,699,890         0.74%

       ALL OTHER ASSETS                                                                                                             POLICYHOLDERS
                                                                                                                                    POLICYHOLDERS' SURPLUS
                                                          3 324 115           23.39%
                                                                              23 39%            148 131
                                                                                                148,131       2144 04%
                                                                                                              2144.04%                                                                 9,475,510
                                                                                                                                                                                       9 475 510           66 68%
                                                                                                                                                                                                           66.68%           9 810 894
                                                                                                                                                                                                                            9,810,894          3 42%
                                                                                                                                    TOTAL LIABILITIES AND
                                                         14,209,988          100.00%          14,510,784        -2.07%              POLICYHOLDERS' SURPLUS                            14,209,988          100.00%          14,510,784         -2.07%

Important: Financial Stability Ratings® must be verified by visiting Report data relies on submitted quarterly financial statements. Demotech makes no warranties or statements as to the accurancy of this information.
About Demotech, Inc.                                                                              Financial Stability Ratings® (FSRs)
Demotech, Inc. is a Columbus, Ohio based financial analysis and actuarial services firm           Description of the Analysis Process
providing a wide range of services including Financial Stability Ratings® (FSRs), pricing
analysis, state filings assistance and support for other required regulatory reporting. Having    The methodology utilized by Demotech, Inc. is proprietary. However, it relies on the underlying
worked with insurers of all sizes, Demotech possesses broad experience addressing                 records and summaries prepared by responsible officers or employees of the Title underwriter
actuarial and financial analysis issues, whether the issue is unique to a particular insurer or   and/or its parent company as reported in the financial statements of the insurer.
prevalent throughout the industry.                                                                The Financial Stability Analysis Model involves a tactile review as well as computation and
                                                                                                  analysis of financial ratios to determine the current and future financial stability of the Title
Proactively Responding to Market Needs                                                            underwriter.
                                                                                                    d      it
Since our beginning in 1985, Demotech has proactively responded to the market with our            Tactile Review
clients in mind. Starting in 1989, Demotech gained acceptance from the secondary
mortgage marketplace, including the Federal National Mortgage Association (Fannie Mae)            The tactile review includes the study and summarization of materials provided to us. Set forth
and later the Federal Home Loan Mortgage Corporation (Freddie Mac) and the United States          below is an example of some of the items that Demotech typically receives:
Department of Housing and Urban Development (HUD), for Financial Stability Ratings® to            1. Annual and quarterly statements of the insurer, its parent company and subsidiaries
facilitate activities for financially stable clients.                                             2. Statement of actuarial opinion, managements’ discussion and analysis and independent audit
In 1992, Demotech was the first company to analyze the financial position for the Title           3. Changes in working capital
insurance industry and publish independent financial stability opinions. Since that time,         4. Change in the restricted cash and receivables from affiliates
Demotech has presented the Financial Stability Ratings® of virtually all Title underwriters.      5. Comparison of actual versus budget operating results
Financial Stability Ratings® of A′′, A′, A and S are accepted by the major participants in the    6. Summary of current reinsurance program.
secondary mortgage marketplace.                                                                   Financial Ratio Calculation
Offering an Individualized Approach to Industry Challenges                                        A major item to determine the financial stability of a Title underwriter is the calculation of financial
Demotech understands the industry is fluid and that every company has unique challenges             t bilit ti             d     i t
                                                                                                  stability ratios measured against our fi         i t bilit test. These ratios and t t h
                                                                                                                                             financiall stability t t Th        ti     d tests have b been
and objectives. We offer an individualized approach, learning an organization’s needs and         sampled on an industry-wide basis and have been substantiated by other firms as well as
goals to offer a customized solution.                                                             Demotech.
Working within the Title insurance sector, Demotech provides a variety of solutions, including    A series of solvent and insolvent Title underwriters was subjected to our battery of ratios and tests
Financial Stability Ratings®, actuarial consulting, market analysis and loss and loss             in order to determine the predictability and reliability of our financial analysis model. The Financial
adjustment expense reserve analysis. Each of our services has continually adapted to              Stability Analysis Model would have flagged Title underwriters that became insolvent at least one
address our clients’ challenges.
                            g                                                                     year in advance of formal regulatory action.
                                                                                                  The basic information to develop our ratios is readily available from GAAP or statutory statements.
Solutions as Unique as Your Company                                                               Our strategic weighting of ratios to arrive at a final score is based on regression analysis and
Demotech continues to assess the market with our clients’ interests in mind. Since 1985,          multi-variate analysis. Those balance sheet and income statement items reviewed include but are
clients have looked to Demotech to provide information, analysis and proactive solutions.         not limited to:
We continue to evolve along with the industry through the development of innovative                                      * Total current assets                           * Total assets
solutions, driven by our commitment to our clients.                                                                      * Working capital                                * Total current liabilities
                                                                                                                         * Total liabilities                              * Surplus
                                                                                                                         * Administrative expenses                        * Total revenues
                                                                                                                         * Net income                                     * Receivables
                                                                                                                         * Total expenses                                 * Amount of business written
                                                                                                  The concept of financial stability is, in our opinion, independent of size. Accordingly, small, well-
                                                                                                  managed Title underwriters can have more financial stability than larger, highly leveraged

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