HomeMy WebLinkAbout03-2739COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April Iv 2003
Whereas, the ST. PAUL FIRE AND MARINE INSURANCE COMPANY, located at St. Paul, MN,
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 Scction 661 of*~he 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 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 St. Paul Fire and Marine Insurance Company, of St. Paul, MN, 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
Financial Statement - December 31, 2002
St. Paul Fire and Marine Insurance Company
Bonds $ 8,891,290,284
Stocks 3,682.297.524
Real Estate 711,446,126
Cash 41.714,041
Short Term Investments 446,655,195
Other Invested Assets 791,096,257
Receivable for Securfties 14,035,494
Deterred Gain on Investment (892,642)
Agents' Balances 1.396.531.714
Funds Held Dap. with Reins. Co. 180,739,574
Amis Billed/Rec'd under High Dad. Policies 73,178,441
Reinsurance Recoverables 206,432,740
Fed. and Foreign Income Tax Recoverabre 171.240.618
Guaranty Funds Receivable 14,633.864
EDP Equipment 17,137.282
Accrued Interest & Dividends 118,297,965
Receivable from Affiliates 173.645,343
Equity/Deposits/Pools & .Assoc. 34,867,200
Other Assets 65,347,689
Liabilities. Surolus. & O~her Funds
Reins. Payable on Paid Losses
Loss Adjustment Expenses
Contigent Commissions
Other Expenses
Taxes. Licenses and Fees
Federal and Foreign Income Taxes
Unearned Premiums
Dividends Unpaid- Policyholders
Ceded Reinsurance Premiums Payable
Funds Held - Reins. Treaties
Funds Withheld
Remittances and Items No~ Allocated
Provision for Reinsurance
Adjustment for Foreign Exchange
Drafts Outstanding
TOTAL LIABILITIES
TOTALASSETS
$ 17,029,714.710
Guaranty Surplus Fund 1,000,000
Capital Paid Up 20.000,000
Surplus 4,904,779,409
Surplus as Regards Policyholders
TOTAL LIABILITIES & SURPLUS
Securities carried at $1,513,438,377 in the foregoing statement, are deposited as required by law.
STATE OF MINNESOTA ]
] SS
COUNTYOF RAMSEY ]
Sheila M. Brown. Assistant Vice President - Financial Reporting, of the St. Paul Fire and Madne Insurance Company, being duly sworn, deposes and says
that she is the above descftbed officer of said company; that said company is a corporation duly organized, existing and engaging in business as a surety
company under and by virtue of the laws of the State of Minnesota, and has duly complied with all requirements of the laws of said state applicable to said
company and is duly qualified to act as a surety under such laws; that the above is a true statement of the assets and liabilities of said company of the
31st day of December, 2002
Subscribed and sworn to me before this 14th day of March. 2003.
Sheila M. Brown, Assistant Vice President - Financial RepodJng
6,961,296,342
35,885,538
58,966,845
130,562,433
88,203,155
29,616,025
1,875,163,665
1.597,345
21,028.435
172.667,022
260,941,937
201,222,146
29.085,545
227,786.072
92.319.588
96,996,491
41,322.473
5.031,846
'109,269,207
4.925,779,409.00
17,029,714,710