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PENNSYLVANIA FINANCIAL STATEMENT DECEMBER 31,1999 ASSETS Cash and Short Term Investments............................................................................................... $ 168,452,282 Securities (Long Term).................................................................................................................. 4,473,527,489 Premium Balances ............................................. ................................................. ......................... 970 266 682 Accrued Interest and Dividends ....................................... ...................................... .......... ............ 44:531 :524 Federal Income Taxes ........... ....................... ................ .......................................................... ... ... 162,585,379 Other Assets................................................................................................................................. 907.050.621 Total Admitted Assets................................ ........................................................................... $ 6.726.413.977 LIABILITIES Losses and Loss Adjustment Expense ............................... ......................................................... $ 2,728,098,975 Unearned Premiums.............. ....................................................................................................... 1,048,959,138 Other Taxes .................................................................................................................................. 33,111,618 Other Liabilities.......................................................................................................................... ... 1 .676.039.076 Total Liabilities...................................................................................................................... $ 5.486.208.807 CAPITAL AND SURPLUS ~~;~~~~ ~~~~::::::::::::::::::::::~:.:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: $ 1.1 :~:~~~:~~~ Total Policyholders' Surplus ................................................................................................. 1,240.205.170 Total Liabilities, Capital and Surplus .................................................................................... $6.726.413.977 State of Washington ) County of King ) SS. Mark w. Alsup, being duly sworn, says: That he is Vice President of the RELIANCE INSURANCE COMPANY; that said company is a. corporation duly organized, existing, and engaged in business as a surety by virtue of the laWs of the Commonwealth of Pennsylvania, and has duly complied with all the requirements of the laws of said commonwealth applicable to said company and is duly qualified to act as surety under such laws; that said company has also complied with and is duly qualified to act as surety under the Act of Congress of September 13, 1982, as amended (31 U.S.C. \\9301 et seq.); that the foregoing is a full, true and correct statement of the financial condition of said company on the 31 st day of December 1999. Sworn to me this 24th day of April, 2000. ~ 9. &~/2 7tI~ tv ~ Vice President Janis J. Crossland, Notary Public, State of Washington, county of King. My Commission Expires February 5, 2004. BDR-1421 4/00 d"""O- t ~~ ...." R... 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