HomeMy WebLinkAbout08-2648i .
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' ~ COMMOl*TWEALTH OF PENNSYLVANIA
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"~,~TMO.~.~,• INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2008
Whereas, the CONTINENTAL CASUALTY COMPANY, located at Chicago, IL, 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; amendinU; revising and consolidating the Law &c.," approved the 17`~
day of May, A.D. 1921, as well as with the requirements of the la~,vs of this Commonwealth applicable to such
company in doing business herein.
Now Therefore, I, Joel Ario, 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 Casualty Company, of Chicago, IL, is
duly authorized to become and be accepted as sole stu•ety 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.
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Actine Insurance Commissioner
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CONTINENTAL CASUALTY COMPANY
STATEMENT OF NET ADMITTED ASSETS AND LIABILITIES
December 31, 2007
ASSETS:
Cash $ 53,328,656
Cash equivalents 1,566,164,772
Short-term investments (principally U.S. government obligations) 521,550,009
United States government obligations 170,938,497
Other public bonds 8,216,428,134
Industrial and miscellaneous bonds 15,427,916,742
Preferred stocks 2,137,276,412
Common stocks of affiliated companies 3,669,225,355
Other common stocks 349,547,681
Real estate 138,374,832
Premiums and agents' balances in course of collection 370,361,744
Premiums, agents balances and installments booked but
deferred and not yet due 491,277,010
Accrued retrospective premiums 250,182,359
Investment income due and accrued 223,655,694
Other assets 5,313,348,044
Admitted assets $ 38,899,575,941
LIABILITIES:
Unearned premium reserve $ 8,002,750,020
Reserve for loss and loss adjustment expense 20,231,158,067
Reserve for taxes, licenses and fees (including federal income taxes) 274,032,048
Other liabilities 2,043,622,614
Total liabilities 30,551,562,749
SURPLUS:
Capital paid up ($5.00 par value)
Shares authorized: 8,425,000 issued: 7,85b,558 5,380,842,757
Surplus notes 0
Surplus 2,967,170,435
Surplus as regards policyholders 8,348,013,192
Total $ 38,899,575,941
Failure of items to add to totals shown is due to rounding.
State of Illinois )
ss
County of Cook)
On this 14th day of March, 2008, before me came Amy Adams and Jerry F. Sliwa, known
to me personally to be the Vice President and the istant Vice President, respectively, of
Continental Casualty Company being fully savor ertify and attest that the foregoing
statement is a true and correct statement o e assets and liabilities of the said company as of the date
show, in the statement
Jerry F. iwa, As taut Vice Presi ent
OFFICIAL SEAL
LISA R WOOD
NOTARY PUBLIC -STATE OF ILLINOIS
MY COMMISSION EXPIRES:OS/09lt1
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