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S&P's property and casualty insurer solvency

May 05, 1991

Fidelity & Casualty of New York AA+ Fidelity & Deposit* ** Fidelity & Deposit of Maryland* BBBq Fidelity & Guaranty Insurance* **

Fidelity & Guaranty Ins. Udwrs.* ** Financial Guaranty Insurance AAA Financial Security AAA Financial Security of Oklahoma AAA Financial Security Assurance Inc. AAA Fire & Casualty Insurance BBB+ Fireman's Fund Insurance AAA Fireman's Fund of Wis. AAA Firemen's of Newark, N.J. AA+ Firemen's of Washington, D.C. ** First American Insurance BBq First Central Insurance BBq First General Insurance ** First National of America AAA Foremost Inssurance BBq Fortress Insurance of America ** Forum Insurance ** Frontier Insurance A- Galaxy Insurance **

GE Residential Mortgage of N.C. AAA GEICO General Insurance ** GEICO Indemnity ** Gen. Elec. Home Equity of N.C. ** Gen. Elec. Mortgage of N.C. AA General Accident of America AAA General Electric Guaranty ** General Electric Mortgage AAA General Insurance of America AAA General Star National Insurance ** Gerling America Insurance ** Germantown Insurance BBBq Glens Falls Insurance AA+ Globe American Casualty ** Globe Indemnity A- Government Employees Insurance AAA Grain Dealers Mutual Insurance BBq Gramercy Insurance ** Grangers Mutual Insurance* BBBq Graphic Arts Mutual Insurance Bq Great American Insurance BBq Great Central Insurance BBq Great Northern Insurance AAA Great West Casualty AA+ Greater New York Mutual BBBq Green Tree Insurance ** Guarantee Insurance ** Hanover Insurance AA Harbor Insurance AA+ Harco National Insurance BBBq Harford Mutual Insurance*** BBBq Harleysville Mutual Insurance BBq Hartford Accident & Indemnity AAA Hartford CAS Insurance AAA Hartford Fire Insurance AAA Hartford of the Midwest AAA Hawkeye-Security Insurance BBq Heritage Indemnity Bq Highlands Insurance BBBq

Home Guaranty Insurance BBB- Home Indemnity BBB- Home Insurance BBB- Home Insurance of Ind. BBB- Horace Mann Insurance BBq Houston General Insurance BBq Hudson Insurance ** Huron Insurance ** Illinois National Insurance ** Imperial Casualty & Indemnity ** Indemnity of North America AA Indiana Lumbermens Mutual BBq Industrial Fire & Casualty ** Industrial Indemnity A+ Insurance of Evanston ** Insurance of Florida BBq Insurance of Greater New York BBBq Insurance of Illinois BBq Insurance of North America AA Insurance of the State of Pa. AAA Integon General Insurance BBq Integon Indemnity ** Integon Mortgage Guaranty ** Integral Insurance ** Inter Capital Assurance ** International Cargo & Surety BBq

International Fidelity Insurance Bq International Indemnity BBq International Insurance A+ International of Takoma Park*** ** Investors Equity Insurance ** Investors Mortgage Insurance BB ITT Lyndon Property Insurance A+ JC Penny Casualty Insurance BBq Jefferson Insurance of New York Bq Jefferson Pilot Fire & Casualty ** Jewelers Mutual Insurance BBBq John Deere Insurance AA+ John Hancock Indemnity ** Kansas City Fire & Marine AA+ Kentucky Central Insurance Bq Keystone Insurance BBq Lancer Insurance BBq Leader National Insurance Bq Legion Insurance ** Liberty Insurance AA+ Liberty Mutual Fire Insurance AA+ Liberty Mutual Insurance AA+ Liberty Northwest Insurance ** Licoln General Insurance BBq Licoln National Specialty AA+ Litiz Mutual Insurance BBBq London Assurance U.S.-Britain BBBq London Guarantee & Accident ** Lumber Mutual Insurance BBq Lumbermens Mutual Casualty AA

Lumbermens Underwriting Alliance ** Lydon Insurance P & L A+ Manufacturers Alliance Bq Marine Indemnity of America BBq Maryland Casualty BBq Massachusetts Bay Insurance AA MBIA Insurance of Ill. ** MCA Insurance ** Medical Mutual Liability of Md.*** Bq Medical Protective ** Mennonite Mutual ** Merastar Insurance ** Merchants & Business Mens BBq Merchants Insurance of N.H. BBq Merchants Mutual Insurance Bq Meritplan Insurance ** Merrimack Mutual Fire Insurance BBBq

Metropolitan Casualty Insurance BBq Metropolitan General Insurance **

Metropolitan Property & Casualty Bq MIC General Insurance BBBq MIC Property & Casualty BBq Mid Century Insurance AA+ Mid-Atlantic Medical Insurance*** ** Middlesex Insurance Bq Midwest Employers Casualty ** Midwest Mutual Insurance BBBq Milbank Insurance A- Millers Mutual of Illinois BBq Millers Mutual Insurance BBBq Minnehoma Insurance ** Minnesota Mutual Fire & Casualty BBq

Montgomery Mutual Insurance*** BBBq Montgomery Ward Insurance ** Monumental General Casualty*** ** Mortgage Guaranty Insurance AA Motors Insurance BBBq Mt Airy Insurance A+ Municipal Bond Investors AAA Mutual Benefit Insurance **

Mutual Fire in Calvert County*** **

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