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HomeMy WebLinkAbout09-3204xe. 0 9. 3 j Q y C.- t -re- COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT Harrisburg, PA April 1, 2009 Whereas, the OHIO CASUALTY INSURANCE COMPANY, located at Fairfield, OH, 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, 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 Ohio Casualty Insurance Company, of Fairfield, OH, 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. f -. W THE OHIO CASUALTY INSURANCE COMPANY FINANCIAL STATEMENT - DECEMBER 31, 2008 ASSET'S 2008 Cash $ 356,523,603.00 Bonds 3,149,649,309.00 Stocks 413,674,186.00 Mortgage Loans on Real Estate 88,153,011.00 Real Estate (less encumbrances) 17,021,200.00 Premiums and Considerations 622,095,052.00 Investment Income Due and Accrued 41,059,427.00 Reinsurance Recoverable 28,284,820.00 Other Assets 152,797,887.00 Total Assets $ 4,869,258,495.00 LIABILITIES Reserve for Outstanding Losses $ 2,574,705,483.00 Reserve for Unearned Premiums 860,020,840.00 Reserve for Taxes and Expenses 247,097,539.00 Ceded Reinsurance Premium Payable 28,699,698.00 Other Liabilities 123,329,899.00 Total Liabilities 5 , 5 . Capital Stock $ 4,500,000.00 Net Surplus 1,030,905,036.00 Policyholders Surplus $ 1,035,405,036.00 Total Liabilities, Capital Stock and Surplus $ 4,869,258,495.00 State of Ohio ) County of Butler) SS.: Gary R. Gregg being duly sworn says: That he is President of The Ohio Casualty Insurance Company of Hamilton, Ohio; that said Company is a corporation duly organized, existing and engaged in business as a Surety by virtue of the laws of the State of Ohio and has duly complied with all the requirements of the laws of the said State applicable to said Company and is duly qualified to act as Surety under such laws; that said Company has also complied with and is duly qualified to act as Surety under the Act of Congress of July 30, 1947 (6 U.S.C. 6-13); that to the best of his knowledge and belief the above statement is a full, true and correct statement of the financial condition of said Company on the 31 st day of December, 2008. Sworn to before me this 17th day of February, 2009. Cheryl S. Gregory, Notary Public Gary R. Gregg, President My Commission Expires August 5, 2012. ?r ,, OF THE F"'71; ";NOTA ?Y 2099 MAY 20 AH ii: 13 „V C:hL ,1/ 4 93 '7 d' -&. ,? ;? trq 3 1