Triad Guaranty Inc. (TGIC)

Triad Guaranty Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Sep 30, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
Investments in Debt Securities	673.25	746.24	812.34	784.83	854.19	725.63
Investments in Equity & Preferred Securities	-	-	-	-	0.58	2.16
Other Investments	46.45	30.1	39.56	26.65	40.65	56.75
Total Investments	719.71	776.34	851.9	811.48	896.14	795.4
Cash & Equivalents	32.89	40.59	38.76	21.84	39.94	124.81
Reinsurance Recoverable	17.23	22.99	40.81	233.5	150.85	5.82
Other Receivables	6.35	6.68	8.24	9.05	10.52	10.25
Deferred Policy Acquisition Cost	-	-	-	-	-	36.24
Property, Plant & Equipment	0.55	1.14	2.14	3.52	7.75	11.42
Other Current Assets	-	-	-	-	-	116.01
Other Long-Term Assets	43.87	48.49	49.78	45.44	25.35	32.91
Total Assets	820.59	896.23	991.63	1,125	1,131	1,133
Accrued Expenses	97.03	109.04	93.08	79.06	28.25	11.93
Insurance & Annuity Liabilities	755.51	854.19	1,060	1,537	1,188	359.94
Unearned Premiums	5.87	6.87	9.06	12.15	15.86	17.79
Reinsurance Payable	-	-	-	-	0.72	6.53
Short-Term Debt	-	-	-	-	-	80
Long-Term Debt	-	-	-	34.54	34.53	34.52
Long-Term Deferred Tax Liabilities	-	-	-	-	-	123.3
Other Long-Term Liabilities	764.97	629.7	415.66	168.39	-	-
Total Liabilities	1,623	1,600	1,578	1,831	1,267	634
Common Stock	0.15	0.15	0.15	0.15	0.15	0.15
Additional Paid-In Capital	114.12	114.11	114.08	113.85	112.63	109.68
Retained Earnings	-929.18	-826.82	-719.05	-851.14	-255.51	375.62
Comprehensive Income & Other	12.12	8.98	18.61	30.78	6.06	13.41
Shareholders' Equity	-802.79	-703.57	-586.2	-706.36	-136.67	498.85
Total Liabilities & Equity	820.59	896.23	991.63	1,125	1,131	1,133
Filing Date Shares Outstanding	15.37	15.33	15.26	15.26	15.16	14.92
Total Common Shares Outstanding	15.37	15.33	15.26	15.26	15.16	14.92
Total Debt	-	-	-	34.54	34.53	114.52
Net Cash (Debt)	32.89	40.59	38.76	-12.7	5.41	10.29
Net Cash Growth	-49.44%	4.72%	-	-	-47.42%	151.09%
Net Cash Per Share	2.15	2.66	2.56	-0.85	0.36	0.69
Book Value Per Share	-52.24	-45.90	-38.42	-46.29	-9.01	33.43
Tangible Book Value	-802.79	-703.57	-586.2	-706.36	-136.67	498.85
Tangible Book Value Per Share	-52.24	-45.90	-38.42	-46.29	-9.01	33.43

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.