HomeMy WebLinkAbout03-3082COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA Aoril 1, 2003
Whereas, the STATE AUTOMOBILE MUTUAL INSURANCE COMPANY, located at Columbus,
OH, 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 i7t~ 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 State Automobile Mutual Insurance Company, of Columbus, OH, 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.
AUTO®
Insurance Companies
CORPORATEHEAQQUARTFRS
518 East Broad Street
Financial Statement - December 31, 2002
Assets
Cash on Hand and in Bank
Short Term Investments
Premiums in Course of Collection
United States Government Securities
Other Public Bonds
Common Stocks
Interest Accrued and Other Assets
$ 51,500,740
70,163,215
211,101,887
74,647,316
53,956,740
559,269,256
127,061,512
$1,147,700,666
Liabilities. Surplus. and other Funds
Losses and Loss Adjustment Expenses
Unearned Premiums
Reserve for Taxes
Other Reserves and Liabilities
$ 170,297,682
84,801,215
16,199,715
123,506,829
Total Liabilities
394,805,441
SurplusasregardsPolicyholders
TOTAL
752,895,225
$1,147,700,666
Attest
,~crnetR;r~wther
The foregoing is a correct statement of the assets
and liabilities of State Automobile Mutual Insurance
Company as of December 31, 2002 according to
the best of our information, knowledge, and belief.
Robert H. Moone
President
Subscribed and sworn to before me on
this f~J,~y~L~ '~ .~oc~-%
I~(~tary Public, State of 0t3io
My Commission Expires 3-12-2006
Bonnie L. Rigsby