HomeMy WebLinkAbout04-2306COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA AI}ril 1,2004
Whereas, the CONTINENTAL INSURANCE COMPANY, located at Concord, N.H., 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, M. Diane Koken, 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, of Concord, N.H., 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.
Insurance Commissioner
CNA
THE CONTINENTAL INSURANCE COMPANY
STATEMENT OF ASSETS AND LIABILITIES
December 31, 2003
ASSETS:
Cash
Short-term investments (principally U.S. Government Obligations)
United States Government obligations
Other public bonds
industrial and miscellaneous bonds
Preferred stocks
Common stocks of affiliated companies
Other common stocks
Real Estate
Premiums and agents' balances in course of collection
Premiums, agents balances and installments booked but
deferred and not yet due
Accrued retrospective premiums
Accrued interest dividends and rents
Other ,Msets
Admitted Assets
$ 9,295,024
362,020,144
431,354,815
1,424,003,985
275,913,549
0
208,330,110
28,582,483
37,333,837
141,607,676
23,172,969
0
21,974,583
401,856,225
$ 3,365,445,399
LIABILITIES:
Unearned premium reserve
Reserve for loss and loss adjustment expense
Reserve for taxes, licenses and fees'(including federal income taxes)
Other Liabilities
Total Liabilities
$ 0
113,171,194
44,279,370
2,474,951,046
$ 2,632,401,610
SURPLUS:
Capital paid up ($5.00 par value)
Shares authorized: 10,713,272 issued: 10,713,272
Surplus
Surplus as Regards Policyholders
Total
$ 1,111,535,227
(378,491,439)
733,043,788
$ 3,365,445,399
Failure of items to add to totals shown is due to rounding.
State of Illinois )
) ss
County of Cook)
On this 14th day of May, 2004, before me came Lawrence J. Boysen and Amy Adams, known
to me personally to be the Senior Vice President and the Vice President, respectively, of the
Continental Insurance Company being fully sworn, certi~ 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
shown in the statement.
~ior V~
OFFICIAL SEAL
NEIFIA O DORITY