HomeMy WebLinkAbout98-02325
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WESTERN SURETY COMPANY
Sioux Falls, South Dakota
Statement of Condition and AtTalrs
December 31, 1997
ASSETS
Bonds
Stoe,ks
Cash & short-tenn investments
Other invested assets
Agents balances or uncollected premiums
Reinsurance recoverable on loss payments
Pederallncome tax recoverable and
interest thereon
Electronic data processing equipment
Interest, dividends and real estate income
due and accrued
Cash value corporate owned Insurance
Total Assets
J.,.IABILlTIES AND StJRPJ"US
Losses
Loss adjustment expense
Other expense
Taxes, licenses and fees
Unearned premiums
Excess of statutory reserves over statement
reserves
Payable for securities
Retroactive reinsurance reserve assumed
Other liabilities
Total Liabilities
Surplus Account:
Capital paid uQ
Gross paid in & contributed surplus
Unassigned funds
Su~lus as regards policyholders
Total LiabIlities and Capital
$ 4,Q(H),Q(H)
106,864,948
J4,535.735
$ 239,224,761
11,050,240
122,022,974
999,152
53,768,062
564,099
9,045,979
2,964,226
2,708,578
522.65~
$ 442.870.723
$ 32,219,921
13,409,945
8,899,330
1,024,523
157,986,055
3,271,Q(H)
10,609,100
81,766,226
8,283.940
317,470,040
$ 125.400,683
$ ~4~.870. 723
I, Phil Lundy, Vice President and Treasurer of Western Surety Company hereby certify
that the above is an exact copy of the financial statement of the Company dated
December 31, 1997, as filed with the various Insurance Departments and is a true and
correct statement of the condition of the Western Surety Company as of that date,
:y~"ilnY//
~-tent, Tr~
day Off,JA"'..d" 1998.
~~~~ B. THOMAS
Notary Public ~NOTARY PU8UC@
~ SOUTH DAKOTA !1At.
,/
. .'" -.....~.....4t41'#' 4lr ,
Subscribed and sworn to me this ~o
MY commisstlill expires:
B. THOMAS
My Commiulon Expires 6-2.2003
'S>'Y Western Surety Company
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