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COMMONWEALTH OF PENNSYL VANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2001
Whereas, the SAFE CO INSURANCE COMPANY OF AMERICA, located at Seattle, W A, 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 ofthis Commonwealth
applicable to such company in doing business herein.
Now Therefore, I, M. Diane Koken1 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 SAFECO Insurance Company of America, of Seattle, WA, 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.
'1.~o(~
Insurance Commissioner
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SAFECO INSURANCE COMPANY OF AMERICA
FINANCIAL STATEMENT - DECEMBER 31, 2000
Assets
Cash and Bank Deposits....................................... $ (53,063,991)
'Bonds - U.S. Government ................................. 155.368,687
'Other Bonds ......................................................... 1,597,541.400
'Stocks ................................................................... 652.064,234
Real Estate ............................................................ 33.625,015
Agents' Balances or Unconected Premiums ........ 304,917,500
Accrued Interest and Rents .................................. 34,192,576
Other Admitted Assets ......................................... 274,804,794
Total Admitted Assets ................."............... $ 2,999,450,215
Liabilities
Unearned PrentiUIl1S .............................................."
Reserve for Claims and Claims Expense ................
Fnnds Held Under Reinsurance Treaties ................
Reserve for Dividends to Policyholders .................
Additional Statutory Reserve .................................
Reserve for Commissions, Taxes and
Other Liabilities ................................................
Total...."...."..............................."..................
Capital Stock ............................. $ 5,000.000
Paid in Surplus ........................... 11.139,941
Unassigued Surplus ................... 690,180,525
Surplus to Policyholders ..............................
Total Liabilities and Surplus ...............................
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$ 584,301.869
1,408,815,758
405,241
8,388,015
291,218,866
$2,293,129,749
706,320,466
$2,999,450,215
* Bonds are stated at amortized or investment value; Stocks at Association Market Values. Securities
carried at $121,297.719 are deposited as required by law.
I, MICHAEL C. PETERS, senior vice president of SAFECO Insurance Company of America, do hereby certify that the foregoing is a true, and
correct statement of the Assets and Liabilities of said Corporation, as of December 31, 2000, to the best of my knowledge and belief.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said Corporation at Seattle, Washington, this 1st day of
March, 200 1.
8-12623/01
Senior Vice President
'"A registered trademark of SAFEGO Corporation
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