HomeMy WebLinkAbout04-0477COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA ~
Whereas, the PENNSYLVANIA NATIONAL MUTUAL CASUALTY INSURANCE COMPANY,
located at Harrisburg, PA, 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, M. Diane Koken, Insurance Commissioner of the Commonwealth of Pennsylvania, do
hereby certify, in accordance with Section 1, of thc Act of Assembly approved June 29, 1923 and known as act
No. 373 of thc Laws of 1923, that thc Pennsylvania National Mutual Casualty Insurance Company, of
Harrisburg, PA, 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, talcs 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.
Insurance Conunissioner
PENNSYLVANIA NATIONAL MUTUAL
CASUALTY INSURANCE COMPANY,
PENN NATIONAL SECURITY INSURANCE COMPANY
AND FOUNDERS INSURANCE COMPANY
2OO2
ANNUAL
REPORT
CONSOLIDATED STATUTORY BALANCE SHEET
DECEMBER 31, 2002
ADMITTED ASSETS
Bonds
Stocks
Real Estate. $662,476.456
Loans to affiliates ,
Other ~ssets 2,62Z818
Cash and cash equivalents 29,852,845
Total cash and investments 5,401,010
44 381~730
Agents' balances and unco ected premiums 792,326.51]
Investment income due and accrued 139.523,038
Deferred income taxes 8.697,237
Other assets 12, 45,067
23,269,i34
Total admitted assets 13 463 392
LiABILITIES ~
Unearned premiums
Premium taxes and other expenses $475,606,714
Drafts outstanding . 207A29.876
Other liabilities 2 .468 595
9,269,904
17561 181
Total liabilitiesI
POLICYHOLDERS SURPLUS 731,036270
Minority interest .
Unassigned surplus
................................................ 32,000,000
Total policyholders' surplus 226 388 109
Total liabilities and policyholders' surplus 258 388 109
Commonwealth of Pennsylvania }
County of Dauphin Ss
We, Christine Sears~ Treasurer, and Kenneth R .Shutts Secret , res ectt
INSURANCE cOMpANy PENN .......... ' my p 'velyof PENNSYLVANIA N^TiONiAr
certify that the foregoing is 'a rue stat~n~n:~t~e FISn~E~C~I~.,RITY. ~.~?SU ~RA?~E COMPANY AND FOI~/~)~R-~"'~S~/~'~UcA~E CASUALTY
~(~~ ~__ COMPANy, do horeby
m~a~ conamon olsalo Compames as ofDece ber 31 2002, AN
dceasurer
Subscribed and sworn to betbre me ~ ~~..~
I ~.,,ty ~ .arr/s-buq;, Deupt~n C, oun~
~_ ~ Comm/s.sion ExP~r~ Dec,