HomeMy WebLinkAbout04-2467COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1,2004
Whereas, the ST. PAUL FIRE AND MARINE INSURANCE COMPANY, located at St. Paul, MN,
bas filed in this Department a certi]qed 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. 192t, 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 St. Paul Fire and Marine Insurance Company, of St. Paul, MN, 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
Financial Statemer~t - December 31. 2003
St. Paul Fire and Marine Insurance Company
Bonds $ 10,395,030,322
Stocks 2,517,948.515
Real Estate 580.912.805
Cash & Dash Equivatanta 70.712.177
Short Term Investments 440.279,125
Other (nvested Assets 743,728,362
Receivable for Securities 17,026,425
Deleted Gain on Investment (892.642)
Investment Income Due and Accrued 135,776,498
Agents' Salances 1.568.733,928
Reinsurance: Amounts Recoverable from Reinsurers 354,564,114
Reinsurance: Funds Held Dep. with Reins. CO. 109,036,744
Federat and Foreign Income Tax Recoverable 19,048.575
Net Deferred Tax Asset 456,866,817
Guaranty Funds Rece(vable or on Deposit 17,059,778
Etactn3nic Data Processing Equipment 12,077,136
Receivable from Affiliates 96.528,374
Other Assets 198,085.575
TOTAL ASSETS $ 17,870,831,629
Loss Adjustment ~:xpenses
Contigent Commissions
Taxes, Uconses end Fees
Dividends Unpaid- Stockholders
Dividends Unpaid- Policyhoidem
Ceded Reinsurance Premiums Payable
Funds Held - Reinsurance Treaties
Amounts Withheld by Company for Accounts of Others
Remittances and Items Not Allocated
Adjustment for Foreign Exchange
Drafts Outstanding
Payable to Affiliates
Payable for Securities
Other Liabilities
TOTAL LIASILITIES
Guaranty Surprus Fund 1,000,000
Common Capital Stack 20,000,000
Surprus 5,054,726,837
Surplus as Regards Policyholders
TOTAL LIABILITIES & SURPLUS
Securities carded at $1,586,951,086 in the foregoing statement, are deposited as required by )aw.
STATE OF MINNESOTA ]
j ss
COUNTY OF RAMSEY ]
Sheita M. Brown, Assistant Vice president - Financial Reporting, of the St. Paul Fi~e and Madne Insurance Company, being duly sworn, deposes and says
that she is the above described officer of said company; that said company is a corporation duly organi~ed, existing and engaging in business as a surety
company under and by virtue of the laws of the State of Mffinesota, and has duly compl~ed with ail requirements of the taws of said state applicable to said
cornpony and is (~uty qua~ii~ed te act as a surety under such laws; that the above is a true statement of the assets and liabilibes of said company of the
31 st day of December, 2003
Subscribed and sworn to me before this 15th day of M~r~h, 2004.
$ 6,753,806,224
55,403.565
1,695,956,544
76,231,797
88,966,461
2,499,095,219
437,520
150,000,000
214,973,789
304.677.880
75,787,760
791505,704
44,909,950
36,742,143
21,512,108
t 2,794,904,792
5,075.725,837