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RELIANCE IN'SURANCE COMPANY
PHILADELPHIA, PENNSYLVANIA
FINANCIAL STATEMENT DECEMBER 31,1997
ASSETS
Cash and Short Term Investments."".."."".".."..""""..""..."""...""....."""""."""".".",,,,,,,,,,,.$ 366,69B,335
Seourltles (Long Torm)....,,, "................................."...",.".............."."."..,,,,,.........,,.,,,,.,,......, ",.. 4,02B,534,730
Premium Balanoes .."......................"..".................."......""...,.."..".....,,, ......."....."",,,........,,,, "" 7B5,004,014
Aoorued Interest and Dividends ... ... ..".."........"............,,,,,......,.........,,,,,,,,..,........."."".".....""." 35.419,400
Federal Income Taxes........................."..........."........"...............,..,......"" ".........,,,..;,,,,,....,,.....,, 37,405,343
Othar Assets................."......."."......"........"....."......".,.."....."..""."......."".,...,..""."".".."..."... 373.6QQ&~Q
Total Admitted Assets.............."......"..........".............,............"........"..................",..."..,.... $ 2,626.660.424
LIABILITIES
Losses and Loss Adjustment Expense......""...."..."........"..........................".."...."......"........... $2.632,735.351
Unearned Premiums.....,...................................................,..........,................................................ 90B,438.552
Olher Taxes ........... ........................... .................... ................. ...."....... ......."....... ,...............,........ 12.4BB,219
Other Liabilities.....................................,.................................................,..................................... _..?71.5B5A_ZJ
Total Liabilities...................................................................................................................... $ 4.325.24 7 .593
CAPITAL AND SURPLUS
Capital Stock....................................... "................................................................................... .... $ 44,5B6,703
Surplus......................................................................................................................................... J .256.826.12!l
Total Policyholders' Surplus .."......................................",,,........,,....,,.,,,,,,,,,,,,,,,,,,,......,,,,.... 1 .301.412.B3.1
Total Liabilities, Capital and Surplus .................""""........................"""...,...............,..".",,$5.62!l.660.424
State of Washington )
County of King ) SS.
Larry C. Mitchell, 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 tho laws of the Commonwealth of Pennsylvania, and has duly complied with all the
requirements of the laws of said oommonwealth applioable to said company and Is duly qualified tp aot as
surety under such laws; that said company has also complied with and is duly qualified to act as surety
underlhe Act of Congress of September 13. 19B2. 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 cornpany on the 31 st day of
December 1997.
Sworn to me this 20th day of March. 199B.
~ g. &~/2
))1(;. ~
Vir.e President
Janis J, Crossland, Notary Public, Stale 01 Washington,
Counly 01 King. My Commission ExplrO!:l February 5, 2000,
BDR.1421 3/98
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