HomeMy WebLinkAbout08-3016f .
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~' COMMONWEALTH OF PENNSYLVANIA
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° ~`' INSURANCE DEPARTMENT
N~~ITH OF P'N~`
Harrisburg, PA April 1, 2008
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 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, 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 Travelers Casualty a„d 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 set my hand and
affixed my official seal, the day and year first above written.
a
Acting Insuranc:; Commissioner
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TRAVELERS CASUALTY AND SURETY COMR~ANY OF AMERICA.
HARTFORD, CONNECTICUT 06183
FINANCIAL STATEMENT AS OF DECEMBER 31,2007
CAPITAL STOCK S B,DOD,000
SETS S & SURPLUS
,".ASN 8 INVESTED CASH b 74,575,111 UNEARNED PREMSJMS ; 830,096,152
30NDS 3,171,426,$10 LOSSES 907,18#,263
STOCK 14,36fi,947 LOSS ADJUSTMENT EXPENSES 153,320,025
NVESTMENT INCOME DUE AND ACCRUED 42,220,864 CONMI85KN~S ~.~,~
3REM1llM BALANCES i98.&57,80'I TAXES, LICENSES AND h"EES 19,747,911
VET DEFERRED TAX ASSET 43.888 OTHER EXPENSES ~•4~•~
ZEINSURANCE RECOVERABLE 7,619,102 I"UNt1S HELD UNDER RE~ISURANCE TREATIES 123,307,214
DTHER ASSETS 3,744,962 CURRENT FEDERAL AND FOREK3N INCOME TAXES 27,fi7fi,126
REN)lTTANCES ANA ITEMS N0T ALLOCATED 59,653,725
AMOUNTS WITtLD! RETAINED SY COMIPANY FOR OTHERS 34,315,622
PAYABLE TO PARENT, SUBSIDIARES fi AFFILIATES 58,232,804
RE I'ROACTIIfE RENSURANCE RESERVE 23,913,659
POLICYHOLDER.OMDENDS 8,740,193
PROVI510NfOR REINSURANCE 5,481.663
CEDED RE~ISURANCE NET PRElN0.JNL5 PAYABLE {55,035,tOd}
OTHER ACCRUED EXPENSES AND LIA~LI'I'IES 141,704
TOTAL IiABLLiTiES , S 2,265,324,800_
CAPITAL STOCK S 6,000.000
PAS IN SURPLUS 303,297,40?.
OTHER SURPLUS 981,348,884
TOTAL SURPLUS TO POUCYHOL.DERS S 1,290,646,286
TOTAL ASSETS 5 3i546~71 Q66 TOTAL UASILffLES d, SURPLUS 1:3ES55.971,086
STATE OF CONNECTIGUT )
COUNTY OF HARTFORD }SS.
CITY OF HARTFORD )
t.AWRENCE A. SIUTA, BEENG DULY SWORN, SAYS THAT HLz IS CHIEF FINANCIAL OFFICER -TRAVELERS BOND S FINANCLAI PRODUCTS,
OF TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, AND THAT TO THE BEST OF HIS KNOWLEDGE AND BELIEF, THE FOREGOING
IS A TRUE AND CORRECT STATEMENT ~ THE FINANCIAL. CONDITK7N OF SAID COMPANY AS OF THE 31 s1 OAY OF DECEMBER, 2007.
SUBSCRIBED AML') SWQRN 70 BEFORE ME THIS
1 i th DAY OF MARCH, 2008
CHIEF NANCiAL OFFICE - BOND S FSNANCiAL OWCTS
NOTAR BLIC
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