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Financial
Statement
Ohio Farmers Insurance Co.
December 31,1997
Westfield Cenler, Ohio 44251.5001
ASSETS
Cash & Bank Deposits $ 3,345, 122
Bonds 194,615,927
Stocks 76.766,366
'Westfield Insurance Company 319,377,133
'Wesll/eld Nfltionallnsurance Company 92,396,977
'Beacon Insurance Company of America 23,012,371
'American Select Insurance Company 27,515,039
'Wesll/eld Life Insurance Company 67,103,597
Real Estate 54,411,652
Premiums In COLlrS/') of Collection 85,932,129
Inter-Company Balances (880,229)
Interest and Dividends Accrued 2,502,864
Other Admitted and Intangible Assets 21,128,534
Total Admitted Assets $ 967,227,482
liABiliTIES
Rest;lrve for Unearned Premiums and
Life Policies and Contracts $ 123,295,520
Reserve for Unpaid Losses 132,487,592
Reserve for Unpaid Loss Expenses 41,572,252
Reserve for Outstanding Drafts 28,000,201
Reserve for Taxes and Other Liabilities 57.713,446
Total Liabilities $ 383,069,011
SURPLUS
General Voluntary Reserve $ 223,475,627
Surplus Over All Liabilities 360,682,844
Surplus to Policyholders 584,158,471
Total Liabilities & Surplus $ 967,227.482
'Wholly Owned Subs/dlorios
Seot/rit/os carriod at $ 5,999,826 dfJpositod In accordance witfllaw
Bond Amortized
Stoclo:s carried at National Association of Insuranco Commlssionors valuations
Stllte of Ohio
County of Medina
The undersigned, being duly sworn, says: That he Is Vice President of Ohio Farmers Insurance Company,
Westfield Center, Ohio; that said Company is a corporation duly organized, existing and engaged in business
as a Surety Company by virtue of the laws of the State of Ohio and authorized to do business In the
State of .."...........e~m:\~yIY.~n!1L........................."......."....... and has duly complied with all the requirements of the laws
of said Slate applicable to said Company and Is duly qualified to act as Surety under such laws; that said
Company has also complied wllh and Is duly qualified to act as Surety under the Act of Congress approved
July 1947, 6 U.S.C. sec. 6-13; and that to lhe best of his knowledge and belief the above statement Is a full,
true and correct statement of the financial condition of the said Company on the 31 st day 01
~~"~ ............ ~'''SOO..,"~~;S~~~I
nalrd, Jr. 1 A:
ss:
Sworn to before me this 11 th day of February, A.D., 199B.
My Commission Does Not E::xplre
Sec. 147.03 Ohio Revised COde.....~~_".~,,_ ".":A.\k............,.......
NOTARIAL James M. Walker
&EAL JAMES M WALKER, Attorney.At.law Attorney al Law
NOIIR! PUStlC, SIAlI Of 01110
AFFIXED It, comm,,,,," has no "P'"IIOII ~Il. Notary Public _. State of Ohio
1<<110" 1\/.01 R C
BD 5402
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