|
At Chicago Title
(Chicago), the security of our policyholders is always our main
priority. Our parent company, Fidelity National Financial, Inc.
(FNF), is the clear industry leader in all measures of financial
strength.
We are regularly assigned ratings by independent rating agencies
designed to indicate our financial condition and/or claims paying
ability. The rating agencies determine ratings by quantitatively
and qualitatively analyzing financial data and other information.
Based on the most recent evaluations of financial position and operating
results, FNF and Chicago have
received the following ratings.
Ratings
Standard
& Poor's
(Financial Strength Rating)
FNF Family........................................................................................................................
A
Moody's
Investors Service (Financial Strength Rating)
FNF Family........................................................................................................................
A2
Fitch
Ratings (Insurer Financial Strength Rating)
FNF Family.........................................................................................................................A
A.M.
Best Company (Financial Strength Rating)
FNF Family.........................................................................................................................A
Lace
Title Ratings Corporation (Claims Paying Ability Rating)
Chicago Title Insurance Company ....................................................................................A+
Demotech,
Inc. (Financial Stability Rating)
Chicago Title Insurance Company ....................................................................................A"
Selected
Consolidated Statutory Financial Data
BALANCE
SHEET DeC. 31, 2002
|
*Assets
|
Bonds
|
$
560,786
|
Stocks
|
$ 237,029
|
Cash
and short-term investments
|
$ 50,976
|
Real
estate and mortgage loan
|
$ 10,453
|
Other
invested assets
|
$
24,581
|
Total
cash and invested asset
|
$
883,825
|
|
|
Title
plants
|
$
37,828
|
Title
insurance premiums and fees receivable
|
$
18,751
|
Other
assets
|
$
56,028
|
Total
assets
|
$
996,432
|
|
|
| *LiabilIties,
Surplus and Other Funds |
Known
claims reserve
|
$
80,813
|
Statutory
premium reserve
|
$
458,813
|
Other
liabilities
|
$
162,606
|
Total
liabilities
|
$
702,232
|
Surplus
as regards policyholders
|
$
294,200
|
Total
liabilities, surplus and other funds
|
$
996,432
|
|
|
| *STATEMENT
OF INCOME Dec. 31, 2002 |
For year ended
|
Total
operating income
|
$1,827,151
|
Total
operating deduction
|
$1,697,363
|
Net
operating gain
|
$
129,788
|
Total
investment income
|
$
57,888
|
Net
income, before federal income taxes
|
$
187,676
|
Federal
income taxes incurred
|
$ 60,542
|
Net
income
|
$
127,134
|
|
|
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