ACTUARIAL BRANCH
                                           SUMMARY OF BUSINESS REPORT
                                               12/31/1999 - FINAL

                                      (NET ACRES AND DOLLARS IN THOUSANDS)

                          1994
                          CROP YEAR       1994           1995           1995           1996           1996
                          1 YEAR AGO      CROP YEAR      CROP YEAR      CROP YEAR      CROP YEAR      CROP YEAR
                          TODAY           TO DATE        PREV WEEK      TO DATE        PREV WEEK      TO DATE
                          ----------      ---------      ---------      ---------      ---------      ---------
  ADDITIONAL BUSINESS

  POLICIES WITH PREM.             0        813,590        865,185        865,185        886,565        886,565
  UNITS WITH PREM.                0      1,820,310      1,997,812      1,997,812      2,132,365      2,132,365
  NET ACRES INSURED               0         99,703        105,387        105,387        117,282        117,282
  LIABILITY                       0     13,597,756     15,290,896     15,290,896     19,305,218     19,305,218
  TOTAL PREMIUM                   0        948,827      1,087,359      1,087,359      1,408,931      1,408,931
  SUBSIDY                         0        254,708        433,381        433,381        552,284        552,284
  INDEMNITY                       0        601,145      1,400,113      1,400,113      1,342,663      1,342,663
  LOSS RATIO                     .00            .63           1.29           1.29            .95            .95

  CATASTROPHIC BUSINESS

  POLICIES WITH PREM.             0              0      1,174,090      1,174,090        736,476        736,476
  UNITS WITH PREM.                0              0      1,698,079      1,698,079      1,082,409      1,082,409
  NET ACRES INSURED               0              0        115,269        115,269         87,730         87,730
  LIABILITY                       0              0      8,437,559      8,437,559      7,573,627      7,573,627
  TOTAL PREMIUM                   0              0        455,992        455,992        429,853        429,853
  SUBSIDY                         0              0        455,992        455,992        429,853        429,853
  INDEMNITY                       0              0        167,618        167,618        149,999        149,999
  LOSS RATIO                     .00            .00            .37            .37            .35            .35

  COMBINED BUSINESS

  POLICIES WITH PREM.             0        813,590      2,039,275      2,039,275      1,623,041      1,623,041
  UNITS WITH PREM.                0      1,820,310      3,695,891      3,695,891      3,214,774      3,214,774
  NET ACRES INSURED               0         99,703        220,656        220,656        205,012        205,012
  LIABILITY                       0     13,597,756     23,728,455     23,728,455     26,878,845     26,878,845
  TOTAL PREMIUM                   0        948,827      1,543,351      1,543,351      1,838,784      1,838,784
  SUBSIDY                         0        254,708        889,373        889,373        982,137        982,137
  INDEMNITY                       0        601,145      1,567,731      1,567,731      1,492,662      1,492,662
  LOSS RATIO                     .00            .63           1.02           1.02            .81            .81


  **  NOTE:  THIS REPORT REFLECTS ONLY THOSE POLICIES WITH ACREAGE/LOSS DATA