HomeMy WebLinkAbout03-2117COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1~ 2003
Whereas, the AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, located at
Reading, PA, has filed in this Department a certified copy of its charter and a detailed statement of its Assets
and Liabilities, and otherwise complied with the requirements of Section 661 of the Act of Assembly of the
Commonwealth of Pennsylvania, entitled "An act relating to insurance; amending, revising and consolidating
the Law &c.," approved the 17~h day of May, A.D. 1921, as well as with the requirements of the laws of this
Commonwealth applicable to such company in doing business herein.
Now Therefore, I, M. Diane Koken~ Insurance Commissioner of the Commonwealth of Pennsylvania, do
hereby certify, in accordance with Section 1, of the Act of Assembly approved June 29, 1923 and known as act
No. 373 of the Laws of 1923, that the American Casualty Company of Reading, Pennsylvania, of Reading,
PA, is duly authorized to become and be accepted as sole surety on all bonds, undertakings and obligations
required or permitted by law or the ordinances, rules or regulations of any municipality, board, body,
organization, or public officer.
In Witness Whereof, I have hereunto set my hand and
affixed my official seal, the day and year first above written.
Insurance Commissioner
CNA INSURANCE COMPANIES
ASSETS:
AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA
STATEMENT OF ASSETS AND LIABILITIES
December 31, 2002
Cash
Short-term investments (principally U.S. Government Obligations)
United States Government obligations
Other public bonds
Industrial and miscellaneous bonds
Preferred stocks
Common stocks of affiliated companies
Other common stocks
Real Estate
Premiums and agents' balances in course of collection
Premiums, agents balances and installments booked but
deferred and not yet due
Accrued retrospective premiums
Accrued interest dividends and rents
Other Assets
Admitted Assets
LIABILITIES:
1 O0, O43
24,715,545
20,900,637
5,336,478
296,170
0
43,715,856
0
0
0
0
0
462,322
99,282
$ 95,626,333
Unearned premium reserve
Reserve for loss and loss adjustment expense
Reserve for taxes, licenses and fees (including federal income taxes)
Other Liabilities
Total Liabilities
SURPLUS:
0
0
0
12,766,729
$ 12,766,729
Capital paid up ($5.00 par value)
Shares authorized: 2,000,000 issued: 840,000
Surplus $ 48,573,819
Surplus as Regards Polio/holders 34,285,786
Total 82,859,604
$ 95,626,333
· Failure of items to add to totals shown is due to roundin .
State of Illinois )
) ss
County of Cook)
On this 6th day of March, 2003, before me came Lawrence J. Boysen and Jerry F. Sliwa, known
to me personally to be the Senior Vice President and the Assistant Vice President, respectively, of the
American Casualty Company of Reading, Pennsylvania being fully sworn, certify and attest that the foregoing
statement is a true and correct statement of the assets and liabilities of the said company as of the date
shown in the statement.
Jerry F. S iwa, Assisj~t Vice resident
Notary Public
~rence J. 8oysen, ~or
"OFFICIAL SEAL"
LISA R. WOOD
· Notary Public, State of illinois
My Commhsion Expire8 8/9/03