Loading...
HomeMy WebLinkAbout08-3184t ' -+-. ~1,a. b~'- 31''4 ~ ~ ~~ D qN aJa°' T 3~2 COMMONWEALTH OF PENNSYLVANIA ~'° . ~~ ~~~wF,~rHOfPENN`+ INSURANCE DEPARTMENT Harrisburg, PA Anril 1, 2008 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 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 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, 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. ~i~d'J Acting Insurance Commissioner PENNSYLVANIA NATIONAL MUTUAL ANNUAL CASUALTY INSURANCE COMPANY, PENN NATIONAL SECURITY INSURANCE COMPANY AND FOUNDERS INSURANCE COMPANY REPORT CONSOLIDATED STATUTORY BALANCE SHEET DECEMBER 31, 2007 ADMITTED ASSETS Investments: Bonds ...................................................................................................................... ............................................. $994,039,376 Stocks ...................................................................................................................... ............................................. 131,5 54,487 Real Estate ................................................................................................................ ............................................ 2,098,748 Loans to affiliates ...................................................................................................... ............................................. 24,115,530 Other assets ............................................................................................................... ............................................. Cash and cash equivalents ............................................................................................... ............................................. 17.631.446 Tota] cash and investments ......................................................................................... .............................................. 1,169,439,587 Agents' balances and uncollected premiums ....................................................................... .............................................. 145,299,341 Investment income due and accrued .................................................................................. ................................................ 11,968,166 Amounts due from reinsurers ........................................................................................... ............................................... 13,574,661 Deferred income taxes .................................................................................................... ............................................... 22,689,716 Other assets ................................................................................................................... ............................................... 13.357.904 Total admitted assets ................................................................................................... ................................................ 1.376.329.375 LIABILITIES Reserves for losses and loss adjustment expenses ................................................................ ................................................. $632,115,828 Unearned premiums ....................................................................................................... .................................................. 232,222,141 Premium taxes and other expenses .................................................................................... ................................................. 25,635,539 Drafts outstanding .......................................................................................................... ................................................. 10,123,137 Other liabilities .............................................................................................................. ................................................. 36.311.742 Total liabilities .......................................................................................................... .................................................. 5936.408.387 POLICYHOLDERS' SURPLUS Surplus Notes ................................................................................................................ ............................................... 50,000,000 Unassigned surplus ........................................................................................................ .................................................... 389.920.988 Total policyholders' surplus ........................................................................................ .................................................... 439.920.988 Total liabilities and policyholders' surplus ..................................................................... ................................................... 1.376.329.375 Commonwealth of Pennsylvania SS County of Dauphin We, Christine Sears, Treasurer, and Karen C. Yarrish, Secretary, respectively of PENNSYLVANIA NATIONAL MUTUAL CASUALTY INSURANCE COMPANY, PENN NATIONAL SECURITY INSURANCE COMPANY AND FOUNDERS INS CE COMPANY, do hereby certify that the foregoing is a true statement of the financial condition of said Companies as of December 31 2007. Secretary Tr er CCMMQNW~ALTN Q PENN9YWANIA NpfpAV $~ Subscribed and sworn to before me ~fAllillf~ J. l~~ NOteIfY Publk M County i. 81,2012 ' .-3 ~ ~- r~ ~ T- -n ~ ~ ~ °~% C` N w -- -- "=j ~ ~ Q ; ~. S -` fi -~ w ~C. ~\ -G v