HomeMy WebLinkAbout03-2118COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1~ 2003,.
Whereas, the CONTINENTAL CASUALTY COMPANY, located at Chicago, IL, 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 17th
day of May, A.D. 1921, as well as with the requirements of the laws of this Corranonwealth 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 Continental Casualty Company, of Chicago, IL, 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
CONTINENTAL CASUALTY COMPANY
STATEMENT OF ASSETS AND LIABILITIES
December .31, 2002
ASSETS:
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 agenl~ 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
(253,356,537)
3,717,792,884
613,118,835
8,253,231,936
4,425,387,526
195,254,251.
2,477,110,480
374,462,242
7,974,255
1,024,303,008
537,708,874
153,139,739
160,236,516
3,625,755,574
$ 25,312,119,583
LIABILITIES:
Unearned premium reserve
Reserve for loss and loss adjustment expense
Reserve for taxes, licenses and fees (including federal income taxes)
Other Liabilities
Total Liabilities
$ 4,186,764,550
12,211,396,721
186,555,217
3,611,470,613
$ 20,196,187,101
SURPLUS:
Capital paid up ($5.00 par value)
Shares authorized 8,425,000 issued: 7,856,558 $ 2,907,071,760
Surplus 2,208,860,722
Surplus as Regards Policyholders 5,115,932,482
Total $ 25,312,119,583
Failure of items to add to totals shown is due to rounding.
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
Continental Casualty Company 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. Sliw~,~ 3~Jstant Vice President
Notary Public
Lawrence J. Boysen, ~l~ior Vice Pr~ident
'OFFICIAL SEAL'
LISA R. WOOD
ee 1~ PLIblJ¢o State of Illinois
My Commission Expires 8/9/03