HomeMy WebLinkAbout99-02475
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~ SAFECO'
AMERICAN ECONOMY INSURANCE COMPANY
FINANCIAl, STATEMENT - DECEMBER 31, 1998
Assets
Cash and Bank Deposits....................................... $
* Bonds - U.S. Government .................................
*Other Bonds .........................................................
. Stocks ...................................................................
Real Estate............................................................
Agenls' Balances or Uncollected Premiums ........
Accrued Interest and Rents ..................................
Other Admitted Assets .........................................
-0-
55,308,473
958,962,921
253,212.943
-0-
128,526,932
17,579.463
980,051
$1,414,570,783
LIabilities
Unearned Premiums ...............................................
Reserve for Claims and Claims Expense................
Funds Held Under Reinsurance Treaties ................
Reserve for Dividends to Policyholders .................
Additional Statutory Reserve .................................
Reserve for Commissions. Taxes nnd
Other Liabilities ................................................
Total............................,.....................,............
Capital Stock .........,................... $ 5,000,000
Paid in SulJllus........................... 225.413,331
Unassigned SUlJllus ................... 275,042.237
Surplus to Polleyholders ..............................
Total L1ahIllU.. and Surplus .....,.........................
.~..... -....-...
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$ 236,445,463
555.289,328
-0-
3,595.433
113,784,991
$ 909,115,215
505,455,568
$1,414,570,783
. Bonds are stated at amortized or investment value; Stocks at Associalion Market Values. Securities
carried at $10.461.784 are deposited as required by law.
., MlCHAELC. PETERS, senior vice president of American Economy Insurance Company, do hereby certify that the foregoing is a truc, and
col1<Ct statement of the Assets and Liabilities of said Corporation, as of December 31. 1998, to the best of my knowledge and belief.
IN WITNESS WHEREOF. I have hereunto set my hand and affixed Ihe seal of said Corporation at Seaule. Washington. this 1st day of
March, 1999.
S.I2S2/AEt .we
Senior Vice President
~A reglllelecl trtdemlrl( of SAFECO Cotpor811an.
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