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RELIANCE INSURANCE COMPANY
PHILADELPHIA, PENNSYLVANIA
FINANCIAL STATEMENT DECEMBER 31, 1998
ASSETS
Cash and Short Term Investments..............".......................................................,,,,,................... $ 295,567,745
Securities (Long Term)..,...,.,....,..,....,.,..,."..,..,.."...,...,.",."",.."",.,...,."....,.,..,.".. "",,,....,,,,,,,....,,. 4 ,682 ,669,094
Premium Balances.,..,............"".....,.".,.,.,.,..,."..."..,.,....,.,.,.""".,.",..,."..,..,..,. ..""...........,...""., 923,739,746
Accrued Interest and Dividends ..,..,.......,...,....',.,.".',.,.,.,.".,."..,.....,.,..,......"....,..""..,. .,....,.. ..",., 45,492,624
Federal Income Taxes .....,.....,.....,.".,..,..,.,.., ,.",...,..,."...,.,.,." .....,.,.,.'..,.., ,.",...,....,,,,,, ,.."...,. ..,.... 1,498,834
Other Assets,..,..,......,.,...,....,.,.,....",.,......,.,....,..,.,.",.,...,.".,.,.."".....,....,...".,.., ..."""....."",.......,. 340,291 , 755
Total Admitted Assets...........,.....,.......,....."...,...,..".,..."."",..."......,.....,...., ,,,,,,,.,.. .....,....."., $ !lJ89.259 , 798
LIABILITIES
Losses and Loss Adjustment Expense ".,.....,...,.,.".....,....,..""",.,..............".,.,.."""... ......,.. ....,., $ 2,657,263,221
Unearned Premiums,.,.,.".........,........,..,.....,..,."....,..................,......,.................. "",,,,..............,.., 1 ,021 ,803,685
Other Taxes .....,......,...............................,...........................,..,.....,......,.......,........",,,.,... .............,. 17,671,059
Other Liabilities,......,..............,......",................,.......,..,.......... ..............,..,..,.....,. ".""....."..,.......,.. 843,887,629
Total Liabilities..,............,.,......................,....,.......,....................................." ,,,,,..,.. ............... $ 4 ,540, 625,594
CAPITAL AND SURPLUS
Capital Stock.....,...,........................,..........,............,.............. ...........,................ ",,"'..... .........."... $ 44,586,703
Surplus.,...........................,......,..,.,..........,......,..,.,.,..................,......,.,.............., ",,,,,......,,..........,. 1 ,704.047 ,501
Total Policyholders' Surplus ........."...........................,.,.,.,.,...,....,.......,.........".",......,........... 1.748,634,204
Total Liabilities, Capital and Surplus .........................................................""".....................$6,289,259.798
State of Washington )
County of King ) SS.
Mark W. Alsup, being duly sworn, says: That he is Vice President of the RELIANCE INSURANCE COMPANY;
that said company is a corporation duly organized, existing, and engaged in business as a
surety by virtue of the laws of the Commonwealth of Pennsylvania, and has duly complied with all the
requirements of the laws of said commonwealth applicable to said company and is duly qualified to act as
surety under such laws; that said company has also complied with and is duly qualified to act as surety
under the Act of Congress of September 13, 1982, as amended (31 U.S,C. 99301 et seq.); that the
foregoing is a full, true and correct statement of the financial condition of said company on the 31 st day of
December 1998.
Sworn to me this 16th day of April, 1999.
7t! uJ- /t/ ri~
Vice Prcsidl::nl
~ g. &~IL
Janis J. Crossland, Notary Publir;, Stale 01 Wastllngton.
Counly of King, My CommiSSIon hpires ff;bruary~. 7000
BDR-1421 4/99
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