HomeMy WebLinkAbout99-02478
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WESTERN SURETY COMPANY
Sioux Falls, South Dakota
Statement of Condition and Affairs
December 31, 1998
ASSETS
Bonds
Stocks
Cash & short-term investments
Other invested assets
Agents balances or uncollected premiums
Reinsurance recoverable on loss payments
Electronic data processing equipment
Interest, dividends and real estate income
due and accrued
Other assets
Total Assets
$ 390,830,591
132,313
37,236,170
875,731
64,292,758
1,027,882
2,871,365
5,580,137
764.979
$ 503.611.926
LIABILITIES AND SURPLUS
$ 53,967,557
1,424,486
23,245,624
12,147,577
869,429
301,107
170,293,882
1,936,912
3,420,000
7,982,640
70,907,625
7.369.893
353,866,732
Losses
Reinsurance payable on paid loss and loss
adjustment expenses
Loss adjustment expense
Other e?9Xlnse
Taxes, licenses and fees
Federal income tax payable
Unearned premiums
Policyholaers dividends declared and unpaid
Excess of statutory reserves over statement
reserves
Payable for securities
Retroactive reinsurance reserve assumed
Other liabilities
Total Liabilities
Surplus Account:
Capital paid uI>
Gross ,Paid in '& contributed surplus
UnasSigned funds
~lus as regards policyholders
Total Liabilities and Capital
$ 4,000,000
106,864,948
38.880.246
$ 149.745.194
$ 503.611.926
I, Phil Lundy, Vice President and Treasurer of We .stem Surety Company hereby certify
that the above is an exact copy of the financial statement of the Company dated
December 31, 1998. as filed'with the various Insurance Departments and is a true and
correct statement of the condition of the Western Surety Company as of that date.
B. THOMAS
~ NOTARY PU8UC~
~ sounc rwcOTA ~
Western Surety Company
Subscribed and sworn to me this / /)
By . . C
Vice Pr ident, Treasur
clay of/d~d- , 1999.
'rtf :/ "'l.' '~MLJ)
Notary Public
Mv commi~sion eJqlires:
8. THOMAS
My Commission Expires 6-2-2003
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