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Insurance Placement Facility of Delaware

As a small insurer, the Facility’s underwriting results are heavily influenced by swings in

claims activity. During the years under the examination, the Facility’s results reflect the effects

of severe storms and several large fire losses.

CONCLUSION

Description

Current Examination

December 31, 2000 Examination

Assets

$703,245

$565,562

Liabilities

$845,695

264,003

Surplus as Regards Policyholders

$(142,450)

301,559

The following schedule shows the results of this examination and the results of

the prior examination with changes between the examination periods:

Changes Increases (Decreases)

$137,683

Respectfully submitted,

$581,692

$(444,009)

In addition to the undersigned, James Blair, CFE, CPA, served as the examination

supervisor.

Dean L. Cross, CPA, CFE Examiner in Charge Department of Insurance State of Delaware

14

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