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HomeMy WebLinkAbout07-3293,~ 07 - ~ a~~ ~ COMMONWEALTH OF PENNSYLVANIA ~ INSURANCE DEPARTMENT ~in~or Harrisburg, PA Anril 1, 2007 Whereas, the TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, located at Hartford, CT, 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 17th 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 Travelers Casualty and Surety Company of America, of Hartford, CT, 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 y hand and affixed my officials e d an ear r t above written. Acting Insurance Commissioner TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA HARTFORD, CONNECTICUT 08183 FINANCIAL BTATEMENT AS OF DECEMBER 31, 2006 CAPITAL STOCK 3 8,000,000 CASH & INVESTED CASH 3 114:080,791 UNEARNED PREMIUMS S 724,800,436 911 753 872 SANDS STOCK 2,912.?11.471 14,865,186 LOSSES LASS ADJUSTIJIENT EXPENSES , , 12(3.785.154 INVESTMENT INCOME DUE AND ACCRUED 34.978.331 C©MMiSSIONS 28,b73,928 782 233 21 PREMIUM BALANCES 186,157.298 TAXES, LICENSES AI~7 FEES , . 30 823 925 REINSURANCE RECOVERABLE 3.954,977 OTt~R EXPENSES , , 080 280 7 NET DEFERRED 7AX ASSET CEDED DEPOSIT ASSET 42,796,290 6,134,622 DIVIDENDB CURRENT FEDEI~tAi. AND FOREIGN INCOME TAXES . , 38.726.832 STATE SURCHARGES RECEIVABLE 146.430 CEDED REINSURANCE NET PREMIUMS PAYABLE {4.881.882) 332 99 454 OTHER ASSETS {d,d'I 4,080) FUNDS HELD UNDER REINSURANCE TREATIES AMOUNTS WITNFIELD 1 RETAIt~D BY COMPANY FOR CtTHERS , . 39,086.839 REb1ITTANCE3 AND ITEMS NOT ALLOCATED 60.285.233 pROwStON FOR REINSURANCE 5.827.014 PAYAL3lE TO PAREtJT, SUBSIDIAI21E3 & AFFIt.IATES 88,256,778 PAYABLE FOR SECURITIES 4.975,10b RETROACTIVE REINSt.IRANCE RESERVE ASSUMED 20.846.771 OTHER ACCRUED EXPENSES AND LIABILITIES 119~33d Si3 785 183 2 TOTAL LIABILITIES . . , cAPlTAL s7oCK S 8.000.000 PAID IN 8URPLUS 303,297.442 OTHER SURPLUS 818,603,349 . TOTAL SURPLUS i'O POLICYHOLDERS 8 1,127900.751 TOTAL ASSETS 3 291 414 53~ TOTAL IiABILiTIES 8 SURPLUS 3,291,414,638 STATE OF GpNNECTICU7 ) COUNTY OF HARTFORD jSS. CITY aF HARTFORD } LAWRENCE A. SIUTA, BEING OULY SWORN, SAYS THAT HE tS CHIEF FINANCIAL pFFICER -TRAVELERS BOt~ & FINANCIAL. PRODUCTS, pF TRAVELERS CASUALTY SURETY COMPANY OF AMERICA, ARID THAT TO Tt~ BERT OF HIS KNOWLEDGE AND BELIEF, THE FOREGOING I5 A TRUE AND CORRECT STATEMENT CF THE FINANCIAL. CONDITION OF SAID COMPANY AS OF THE 91st DAY pF DECEMBER, 2006. SUBSGRLBED AIJDSWORN TO BEFORE ME THIS 29TH DAY OF MARCH, 2bp7 a tea,+-~ Y! -~, ~, '~" „a ~a 's`tn ~L~' ky'b {{, p.a ~ja F V L , as L .l, O e n "a::,~~~ a s c:~~r. Anna P. Nowik Notary Public My Gcrmmission Expires Jung 30, 2011 ~. +~' ~, " -~` ~ O ~C~'; -,-, ~/ ~y'~r N ~ ~ ~ ~ ~