HomeMy WebLinkAbout04-2466COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1,2004
Whereas, the UNITED STATES FIDELITY AND GUARANTY INSURANCE COMPANY, located at
Baltimore, MD, 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, Mo 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 United States Fidelity and Guaranty Insurance Company, of
Baltimore, MD, 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 o£any municipality, board,
body, organization, or public officer.
In Witness Whereof, I have hereunto set my hand and
affixed my official seal, thc day and year first above written.
Financial Statement - December 31, 2003
United States Fidelity and Guaranty Company
Bonds
Stocks
Mortgage Loans
Real Estate
Cash
Short Term Investn~ents
Other Invested Assets
Investment Income Due and Accrued
Agents' Balancas
Reinsurance: Amounts Recoverable from Reinsurers
Reinsurance: Funds Held Oep. With Reins. CO.
Federal and Foreign Income Tax Recoverable
Net Deferred Tax Asset
Receivable from Affiliafes
Other Assets
$ 1,813,968,133
522,994.346
57,147,830
68,700
(2,898,429)
90,826,921
256,947,909
26,790,628
203,460,581
438,732,287
69,504,443
2,827,356
56,512,937
t2,041
834.065.952
Liabilities. SUrplus, & Other Funds
Reins. Payable on Paid Losses
Loss Adjustment Expanses
Contigent Commissions
Other Expenses
Taxes, Licenses and Fees
Unearned Premiums
Dividends Unpaid- Policyholders
Ceded Reinsurance Premiums Payable
Amounts Withheld by Company for Accounts of Others
Net Adjustments Due to Foreign Exchange Rates
Drafts Outstanding
Payable to Affiliates
Other Liabilities
5,142,930
342.136,382
18,588,553
47,393,607
30.801,310
397,310,947
5,718,713
3,771,725
14.331,507
3,024,541
198.656
355,823
(6,080,619}
67.647.903
844,808,138
TOTAL ASSETS $ 4,383,010.994
TOTAL LIARILITIES
Common Capitsl Stock
Surplus
Surplus as Regards Policyholders
TOTAL LIABILITIES & SURPLUS
43,678,608
988,366,881
3.350,965,505
1,032,045,469
$ 4.383,010,994
Securities carded at $351,982.178 in the foregoing statement, are deposited as required by law.
STATE OF MINNESOTA ]
1 SS
COUNTY OF RAMSEY ]
Sheila M. Brown, Assistant Vice President - Financial Reporting, et the United States Fidelity and Guaranty Company, being duly sworn, deposes and says
that she is the above described officer of said company; that said company is a corporation duly organized, existing end engaging in business as a surety
company under and by virtue of the laws of the State of Maryland, and has duly complied with all reduirements of the laws of said state applicable to said
company and is duly qualified to act as a surety under such laws; that the above is a true statement of the assets and liabilities of said company of the
31 st day of December, 2003
Subscribed and sworn ts me ~3efore this 15th day of March. 2004,
S heila M. Brown, Assistant ViC~ President - Financial I;~ng