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COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2009
Whereas, the CONTINENTAL INSURANCE COMPANY (THE), located at Reading, Pennsylvania,
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, 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 Insurance Company (The), of Reading, Pennsylvania, 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.
e Commissioner
.,.
ANA
THE CONTINENTAL INSURANCE COMPANY
STATEMENT OF NET ADMITTED ASSETS AND LIABILITIES
December 31, 2008
ASSETS:
Cash $ 2,663,142
Cash equivalents 125,503,831
Short-term investments (principally U.S. government obligations) 567,979,381
United States government obligations 21,475,616
Other public bonds 856,987,160
Industrial and miscellaneous bonds 1,328,587,282
Preferred stocks 0
Common stocks of affiliated companies 209 717 984
Other common stocks 83,278,701
Real estate 0
Premiums and agents' balances in course of collection 87,814,405
Premiums, agents balances and installments booked but
deferred and not yet due 62,922,790
Accrued retrospective premiums 0
Investment income due and accrued 14,132,725
Other assets 386,526,702
Admitted assets $ _ 3,747,589,719
LIABILITIES:
Unearned premium reserve $ 0
Reserve for loss and loss adjustment expense 15,135,293
Reserve for taxes, licenses and fees (including federal income taxes) 28,782,581
Other liabilities 2,194,361,927
Total liabilities 2,238,279,801
SURPLUS:
Capital paid up ($5.00 par value)
Shares authorized: 50,000,000 issued: 10,713,272 53,566,360
Gross paid in and contributed surplus 1,423,436,994
Surplus 32,306,564
Surplus as regards policyholders 1,509,309,918
Total $ _ 3,747,589,719
Failure of items to add to totals shown is due to rounding.
State of Illinois )
ss
County of Cook)
On this 3rd day of April, 2009, before me came Amy Adams and Jerry F, Sliwa, known
to me personally to be the Vice President and the Assistant Vice President, respectively, of The
Continental Insurance Company being fully sworn, certify and attest that the foregoing
statement is a true and correct statement of the assets and liabilities of the said company as of the date
sho~ in the statement. ~
erry iwa, s nt ice rest ent
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OFFICUiL SEAL
WEIFIA 0 DORITY
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