HomeMy WebLinkAbout02-4770 AEGIS SECURITY INSURANCE COMPANY
STATUTORY STATEMENTS OF ADMITTED ASSETS, LIABILITIES AND CAPITAL AND SURPLUS
DECEMBER 31, 2001 AND 2000
ADMITTED ASSETS
Bonds at amortized cost (fair value, 2001, $9,943,223;
2000, $6,584,685)
Stocks:
Preferred, fair value (cost, 2001, $2,863,993; 2000, $1,672,250)
Common, fair value (cost, 2001, $5,948,582; 2000, $6,456,729)
Subsidiary, equity basis (cost, 2001, $5,216,827; 2000, $5,216,827)
Mortgage on loans on real estate
Real estate occupied by the Company, net
Investment real estate
Cash and short-term investments (included interest-bearing
accounts, 2001 $2,128,127; 2000 $2,752,415)
Other invested assets
Total cash and invested assets
Premiums in course of collection: Affiliates
Other (net of ceded reinsurance balances payable,
$2,755,416 in 2000)
Reinsurance recoverable on paid losses
Federal income tax recoverable (including net deferred tax
asset of $1,252,000 in 2001 )
Accrued interest and dividends
To~lasse~
2001 2000
$ 9,800,787 $ 6,387,943
2,878,801 1,609,928
4,832,652 5,967,443
8,217,072 7,351,895
15,928,525 14,929,266
3,507,898 1,861,173
3,079,197
1,446,764
4,432,180 9,299,220
839,941 730.677
37,588,528 34,655,043
991,678 939,577
4,939,126 1,909,456
1,094,439 2,118,546
2,228,332 272,000
182,119 148,860
$47,024,222 $ 40,043,482
$ 5,814,807 $ 3,670,971
961,072 699,025
LIABILITIES AND CAPITAL AND SURPLUS
Losses
Loss adjustment expenses
Reinsurance payable on paid loss and loss adjustment expenses
Commissions payable
Accounts payable and accrued expenses
Accrued taxes, licenses and fees
Unearned premiums
Ceded reinsurance premiums payable
Amounts withheld for account of others
Payable to affiliate
Total liabilities
6,775,879 4,369,996
26,238 59,747
878,971 162,058
1,092,023 919,643
338,200 358,161
9,347,912 10,951,630
2,471,844
123,244 85,431
295,689 37,460
21,350,000 16,944,126
3,000,000 3,000,000
5,266,827 5,266,827
17,407,395 14,832,529
25,674,222 23,099,356
$47,024,222 $ 40,043,482
Common stock, par value $1 per share; authorized,
issued and outstanding 3,000,000 shares
Paid-in surplus
Unassigned surplus
Total capital and surplus
INSURANCE DEPARTMENT
I, M. Diane Koken, Insurance Commissioner of the Commonwealth of Permsylvania, do hereby
certify that the
AEGIS SECURITY INSURANCE COMPANY
located in Harrisburg, Pennsylvania, is duly organized under the laws of the Commonwealth of
Pennsylvania, and is authorized to transact the business of insurance as mentioned in Section
202, subdivision (b), paragraphs (1) Fir~ and Allied Lines, and (2) Inland Marine and Physical
Damage, (3) Ocean Marine and subdivision (c), paragraphs (1) Fidelity and Surety, (2) Accident
and Health, (3) Glass, (4) General Liability, (5) Boiler and Machinery, (6) Burglm-y and Their,
(8) Water Damage, (9) Elevator, (11) Automobile Liability, and (13) Personal Property Floater
of the Act of May 17, 1921, P.L. 682, as amended.
In Witness Whereof, I have hereunto set my hand
and caused my official seal Co be affixed this
30th day of September, 2002.
e Commissioner