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HomeMy WebLinkAbout01-2289COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT Harrisburg, PA April 1,2001 Whereas, the ST. PAUL FIRE AND MARINE INSURANCE COMPANY, located at St. Paul, MN, 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 17t~ 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 certi~, 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, roles 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 Statement- December 31, 2000 St. Paul Fire and Marine Insurance Company Assets Liabilities, Surplus & Other Funds Bonds Stocks Real Estate Cash on Hand/Deposit Short Term Investments Other Invested Assets Receivable for Securities Agents' Balances Funds held dep. with Reins Co. Reinsurance Recoverable Guaranty Funds Receivable EDP Equipment Accrued Interest & Dividends Receivable from Affiliates Equity/Deposits/Pools & Assoc. Other Assets $ 6,734,860,738 4,674,162,869 707,301,872 6,119 437,833,140 1,323,170,878 53,590,110 1,112,095,358 69,915,987 123,640,964 4,631,048 20,727,523 122,253,901 117,852,028 44,569,953 83,189,994 Losses Reins. Payable on Paid Losses Loss Adjustment Expenses Contingent Commissions Other Expenses Taxes, Licenses and Fees Federal & Foreign Income Taxes Unearned Premiums Dividends Unpaid - Policyholders Fund Held - Rems. Treaties Funds Withheld Remittances and items not allocated Provision for Reinsurance Excess Statutory Reserves Adjustment for Foreign Exchange Drafts Outstanding Payable for Securities Other Liabilities Special Reserve-Guaranty Fund $ 5,765,351,748 44,414,839 1,481,280,376 38,583,444 138,907,115 41,858,988 40,356,086 1,673,585,306 28,998,790 79,394,677 83,010,621 3,621,770 112,370,524 14,172,627 68,143,377 121,747,513 28,360,513 358,238,623 1,000,000 TOTAL LIABILITIES 10,123,396,936 Guaranty Surplus Fund Capital Paid Up Surplus 1,000,000 20,000,000 5,485,405,546 Surplus as Regards Policyholders 5,506,405,546 TOTAL ASSETS $15,629,802,482 TOTAL LIABILITIES & SURPLUS $15,629,802,482 Securities carried at $702,668,146 in the foregoing statement, are deposited as required by law. STATE OF MINNESOTA ) ) COUNTY OF RAMSEY ) SS John C. Treacy, Vice President and Controller of the St. Paul Fire and Marine Insurance Company, being duly sworn, deposes and says that he is the above described officer of said company; that said company is a corporation duly orgatftzed, existing and engaging in business as a surety company under and by virtue of the laws of the State of Minnesota, and has duly complied with all requirements of the laws of said state applicable to said company and is duly qualified tO act as surety under such laws; that the above is a tree statement of the assets and liabilities of said company of the 31s' day of December, 2000. d\ir~stat\dcptcomm\paul\1200f&m.doc