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COMMONWEALTH OF PENNSYLVANIA
or
INSURANCE DEPARTMENT
_F'FLH OF PENS
Harrisburg, PA April 1, 2010
Whereas, the WESTERN SURETY COMPANY, located at Sioux Falls, SD, 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't, 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 Western Surety Company, of Sioux Falls, SD, 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. -
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In Witness Whereof, I have hereunto set nighar?2
affixed my official seal, the day and year first above
Insurance Commissioner
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WESTERN SURETY COMPANY
Sioux Falls, South Dakota
Statement of Condition and Affairs
December 31, 2009
ASSETS
Bonds $1,193,435,614
Stocks 22,759,271
Cash and short-term investments 29,157,255
Uncollected premiums and agents' balances 33,002,353
Amounts recoverable from reinsurers (3,057,290)
Funds held by or deposited with reinsured companies 26,355,884
Net deferred tax asset 19,445,837
Electronic data processing equipment and software 3,117,199
Investment income due and accrued 15,587,378
Other assets 2,217,560
Total Assets $1,342,021,061
LIABILITIES AND SURPLUS
Losses $269,022,299
Loss adjustment expense 70,589,857
Contingent and other commissions payable 5,229,781
Other expense 29,445,697
Taxes, licenses and fees 2,337,499
Federal and foreign income taxes payable 13,593,490
Unearned premiums 241,078,902
Retroactive reinsurance reserve assumed 11,093,043
Other liabilities 20,328,654
Total Liabilities 662,719,222
Surplus Account:
Capital paid up $4,000,000
Gross paid in and contributed surplus 176,435,232
Unassigned funds 498,866,607
`regards policyholders $679,301,839
Toth` c Capital 51,342,021,061
I= 'lip . Lundy, ,e President and Treasurer of Western Surety Company hereby certify that the
a I fit. of the financial statement of the Company dated December 31, 2009, as filed with
th Departments and is a true and correct statement of the condition of Western Surety
Com +?s `date.
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w.r.w.N w Western Surety Company
KATHRYN J. SCHROEDER
By
Vice Presi t, Treasurer
Subscribed and sworn to me this 10th day of March , 2010.
My commission expires:
KATHRYN J.SCHROEDER
My Commission Expires 7-21-2015 Notaryblic