HomeMy WebLinkAbout09-307109 - 30*71
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COMMONWEALTH OF PENNSYLVANIA
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°?wE4LTMof91 INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2009
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 Arlo, 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
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.
TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA
HARTFORD, CONNECTICUT 06183
FINANCIAL STATEMENT AS OF DECEMBER 31, 2008
CAPITAL STOCK $ 6,000,000
CASH 6 INVESTED CASH
BONDS
STOCK
INVESTMENT INCOME DUE AND ACCRUED
PREMIUM BALANCES
NET DEFERRED TAX ASSET
REINSURANCE RECOVERABLE
OTHER ASSETS
TOTAL ASSETS
3 146,779,723
3,452,928,381
7,586,BY6
46,660,831
303,682,195
40,073,233
12,426,353
86,225,430
UNEARNED PREMIUMS S 646,309,219
LOSSES 622.955,804
LOSS ADJUSTMENT EXPENSES 276,222,162
COMMISSIONS 52,167,056
TAXES, LICENSES AND FEES 43,371,400
OTHER EXPENSES 29,247,054
FUNDS HELD UNDER REINSURANCE TREATIES 1051964816
CURRENT FEDERAL AND FOREIGN INCOME TAXES 104,163,960
REMITTANCES AND ITEMS NOTALLOCATED 57,573,235
AMOUNTS WITHHELD I RETAINED BY COMPANY FOR OTHERS 31,56408
RETROACTIVE REINSURANCE RESERVE 11,097,864
POLICYHOLDER DIVIDENDS 9,805,141
PROVISION FOR REINSURANCE 5,452,296
CEDED REINSUMNCE NET PREMIUMS PAYABLE (45,487,530)
OTHER ACCRUED EXPENSES AND LIABILITIES
TOTAL LIABILITIES 11021928
CAPITAL STOCK $ 6,000,000
PAID IN SURPLUS 303,297,402
OTHER SURPLUS 1 425 678 916
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TOTAL SURPLUS TO POLICYHOLDERS 147_idL 9 8
4? _,243,512
TOTAL LIABILITIES 8 SURPLUS
STATE OF CONNECTICUT i
COUNTY OF HARTFORD )SS.
CITY Of HARTFORD )
ERIC S. BRUDER, BEING DULY SWORN, SAYS THAT HE IS CHIEF FINANCIAL OFFICER - TRAVELERS BOND 6 FINANCIAL 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 OF THE FINANCIAL CONDITION OF SAID COMPANY AS OF THE 31st DAY OF DE E 2008,
lz-
C f N IAL OFFICER • BOND & FINANCIAL PRODUCTS
SUBSCRIBED AND SWORN TO BEFORE ME THIS
17th DAY OF APRIL, 2009
I
MARIE C. TETREAULT
Nuttoy Public
Ah-Cnmmission F-q)ire?.Amt, 30, V11
FILED-a' 1:Rr%'i
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OF THE PRO H"N"7TAPY
2009 MAY 14 PM 12, 57
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