HomeMy WebLinkAbout08-3017~„ 1
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' ~ COMMONWEAL'TH OF PENNSYLVANIA
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~°~.~„~°F~'"•+ INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2008
Whereas, the TRAVELERS CASUALTY AND SURETY COMPANY, 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, 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 and Surety Company, 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 al, the da and year first above written.
Acting Insurance Commissioner
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TRAVELERS GASUALTY AND SURETY COMPANY
HARTFORD, CONNECTICUT 08183
FINANCIAL STATEMENT AS OF pECEMBER 31,2007
CAPITAL STOCK $ 25,000,000
S L ES 8 PL 5
:;ASFI & INVESTED CASFI 5 557,028,931 UNEARNED PREMIUMS $ 1,638,997,8&4
3C)NOS 9,49'1,773,921 LOSSES 6,328.790.254
STOCK 2,963,$75,900 LOSS ADJUSTMENT EXPENSES 1,380,789,686
~AORTGAGE LOANS ANp REAL ESTATE 3,820,127 COMMISSIONS 124.,541,495
ETHER INVESTED ASSETS 724,626,063 TAXES, LICENSES ANp FEES 90,777,970
NVESTMENT INCOME pUE ANp ACCRUEp 121,146,123 OTHER EXPENSES 107,202,171
='REMIUM BALANCES 1,061.087,55fl INTEREST pEPOSIT LIABILITY '1SS,888,889
vET L)EFERREp TAX ASSET 257,070,602 CEDEp REINSURANCE NET PREMIUMS PAYABi.E: 106,992,760
ZI~CE1VAk3LE FROM PARENT, SUBSIpIARIES 8 AFFILIATES 73,045,374 REMITTANCES ANp ITEMS NOT ALLOCATED 5,223,912
.tNDISTRIEIUTEDPAYMEHTS 80,6,439 AMOUNTS WITHHELD i RETAINED BY COMPANY FOR OTHERS 35,934,114
K}UfTIES ANO pEPOSITS IN POOLS & ASSOCIATIONS 26,030,089 PAYABLE FOR SECURTTlES 33,559,092
7EINSURANCE FUNDS HELO BYlpEPOSfTEp WTTN REINSURERS 5,682,845 POLICYHOLDER DIVtpENpS 6,2d2,747
STATE SURCHA.~2G£S RECEIVABLE 4,407,726 RETROACTIVE R1wENSURANCE RESERVE CE[k:~.D (62,403,378}
:?'TREK ASSETS 974,9('76 Ol'i-IER ACCRUED EXPENSES AND LIA81LTilE5
TOTAL LEABILTTIES 15 855 156
3 4
S 9
968
39
,
,
,
CAPITAL STOCK 5 25,000,000
PAID !N SURPLUS 2,041,092,700
OTHER SURPLUS
OTA
SURPL
TO POLICYHOLDERS 3342 del L563
5~5
4i -4
253
T
US
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,
f0"TAL A5SET5 515,378,976,596 TOTAL LiABILTf1ES 8 SURPLUS $15,376,9 6, 96
STATE Of' CONNEC'TICL7T' }
BOUNTY OF HARTFORD ASS.
:ITY OF HARTFORD )
AWRENCE A SIUTA, BEING DULY SWORN, SAYS THAT HI: i5 CHIEF FINANCIAL OFFICER -TRAVELERS BOND & FINANCIAL PRODUCTS,
7F TRAVELERS CASUALTY AND SURETY COMPANY, AND THAT TO THE BEST OF HIS KNOWLEDGE ANp BELIEF, THE FOREGOING IS A
TT2iJE ANL) CORRECT S'T'ATEMENT OF''TTtE FINANCIAL CONOITIOtJ OF SAip COMPANY AS OF THE 31st OAY OF DECEMBER, 2007.
3UBSCRIBEp AND SWORN TO BEFORE ME THIS
11th DAY OF MAR(~i, 2008
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CHI F Fi ~ CiAL dFFICER - TR L ON 8 FINANCIAL PRODUC S
NOT RYE
MARIE C. Ti~TREt'~ULT
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