HomeMy WebLinkAbout07-2894~~ ~~~ ~~
COMMONWEALTH OF PENNSYLVANIA
~`°'~,~TM°f.~•~ INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2007
Whereas, the CONTINENTAL INSURANCE COMPANY (THE), located at Reading, Pennsylvania,
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 17`h 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, Randolph L. Rohrbaugh, Acting 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 Continental Insurance Company (The), of Reading,
Pennsylvania, 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 Whereo I have here t my hand and
affixed my offs ' se 1, th ay d y first above written.
Acting Insurance Commissioner
CNA
THE CONTINENTAL INSURANCE COMPANY
STATEMENT OF NET ADMITTED ASSETS AND LIABILITIES
December 31, 2006
ASSETS:
22,292,048
Cash 38,510,827
Cash equivalents
Short-term investments (principally U.S. government obligations) 200,198,638
1,848,556,383
United States government obligations 683,553,314
Other public bonds 388,095,859
Industrial and miscellaneous bonds 0
Preferred stocks 205,276,021
Common stocks of affiliated companies 62,686,175
Other common stocks 8,685,034
Real estate
Premiums and agents' balances in course of collection 110,553,700
Premiums, agents balances aril installments booked but 21,755,924
deferred and not yet due 0
Accrued retrospective premiums 22,662,058
Investment income due and accrued 444,599,601
Other assets
Admitted assets s 4,057,425,582
LIABILITIES:
S 0
Unearned premium reserve 42,334,808
Reserve for loss and loss adjustment expense 36,998,141
Reserve for taxes, licenses and fees gncluding federal income taxes) 2,052,734,720
Other liabilities 2,132,067,669
ToW I'~abilities
SURPLUS:
Capital paid up (55.00 par value) 10,713,272 1,91.7,003,354
Shares authorized: 50,000,000 issued:
8,354,559
Surplus 1,925,357,913
Surplus as regards poliryholders 3 4,057,425,582
Total
Failure of items to add to totals shown is due w roundin .
State of Illinois )
ss
County of Cook)
On this 29th day of March, 2007, before me came Amy Adams and Terry F. Shwa, known
to me personally to be the Yce President and the Assistant Vice Presiden4 respectively, of The
Continental Insurance Company being fully swam, certify and attest that the foregoing
statement is a true and correct statement of the assets and liabilities of the said company as of the date
Jerry F. iwa, slant ~ce Presi ent
OFFICIAI. SEAL
LISA R WOOD
NOTARY PUBLIC - STATE OF g,LW01S
lNY CpNWgSSION E~IRES:09A9107
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