HomeMy WebLinkAbout09-307369- 3073 9
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COMMONWEALTH OF PENNSYLVANIA
0 MwE4LTN Of?ENN`+ INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2009
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 17`" 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 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 seal, the day and year first above written.
T.
TRAVELERS CASUALTY AND SURETY COMPANY
HARTFORD, CONNECTICUT 06183
FINANCIAL STATEMENT AS OF DECEMBER 31, 2008
CAPITAL. STOCK $ 25,000,000
CASH & INVESTED CASH- $ 319,273,163 UNEARNED PREMIUMS $ 1,650,650,056
BONDS 8,876,595,109 LOSSES 6,153,406,887
STOCK 3,377,868,441 LOSS ADJUSTMENT EXPENSES 1,409,212,115
MORTGAGE LOANS AND REAL ESTATE 1,059,419
098
558
596 COMMISSIONS
LICENSES AND FEES
TAXES 118,692,954
108,728,406
OTHER INVESTED ASSETS
INVESTMENT INCOME DUE AND ACCRUED ,
,
121,557,097 ,
OTHER EXPENSES 89,676,004
PREMIUM BALANCES 1,031,617,476 INTEREST DEPOSIT LIABILITY 45,235,755
NET DEFERRED TAX ASSET 218,980,818
236
202
251 REINSURANCE PAYABLE
RETROSPECTIVE PREMIUM RESERVE 33,159,009
24,321,704
RECEIVABLES FOR SECURITIES
SUBSIDIARIES 8 AFFILIATES
RECEIVABLE FROM PARENT ,
,
20,306,438 CEDED REINSURANCE NET PREMIUMS PAYABLE 95,811,553
,
UNDISTRIBUTED PAYMENTS 46,282,641 REMITTANCES AND ITEMS NOT ALLOCATED 2,611,759
EQUITIES AND DEPOSITS IN POOLS & ASSOCIATIONS 35,661,638 AMOUNTS WITHHELD / RETAINED BY COMPANY FOR OTHERS 41,624,871
CURRENT INCOME TAX RECOVERABLE 15,775,023 PAYABLE FOR SECURITIES 1,897,220
260
836
7
REINSURANCE FUNDS HELD BY I DEPOSITED WITH REINSURERS 4,626,428 POLICYHOLDER DIVIDENDS ,
,
STATE SURCHARGES RECEIVABLE 21,065,715 RETROACTIVE REINSURANCE RESERVE CEDED (48,664,046)
OTHER ASSETS 6,729,834 OTHER ACCRUED EXPENSES AND LIABILITIES 3 714 488
4 72
9
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TOTAL LIABILITIES ,
,
CAPITAL STOCK $ 25,000,000
PAID A SURPLUS 2,041,092,700
OTHER SURPLUS
US TO POLICYHOLDERS
RP 31566%198
?w6-i
TOTAL SU
L
TOTAL ASSETS ? $14.M.247,470 ? TOTAL LIABILITIES & SURPLUS
STATE OF CONNECTICUT )
COUNTY OF HARTFORD )SS.
CITY OF HARTFORD )
ERIC B BRUDER, BEING DULY SWORN, SAYS THAT HE IS CHIEF FINANCIAL OFFICER - TRAVELERS BOND & FINANCIAL PRODUCTS,
OF TRAVELERS CASUALTY AND SURETY COMPANY, 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 MBER, 2008.
CHIEF FINANCIAL CER • TRA BOND & FINANCIAL PROOLJ
SUBSCRIBED AND SWORN TO BEFORE ME THIS
17th DAY OF APRIL, 2009
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NOTARY PUBLIC
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