HomeMy WebLinkAbout01-2410COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1,2001
Whereas, the SAFECO INSURANCE COMPANY OF AMERICA, located at Seattle, WA, 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~ day of May, A.D. 1921, as well as with the requirements of thc 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 SAFECO Insurance Company of America, of Seattle, WA, 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 mnnicipality, 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.
Insumhce Commissioner
SAFECO®
SAFECO INSURANCE COMPANY OF AMERICA
FINANCIAL STATEMENT -- DECEMBER 31, 2000
Assets
Cash ~md Bank Deposits ....................................... $ (53,063,991)
*Bonds-- U.S. Government ................................. 155,368,687
*Other Bonds ......................................................... 1,597,541,400
*Stocks ................................................................... 652,064,234
Real Estate ............................................................ 33,625,015
Agents' Balances or Uncollected Premiums ........ 304,917,500
Accrued Interest and Rents .................................. 34,192,576
Other Admitted Assets ......................................... 274.g04,794
SEAL
Total Admitted Assets .................................. $ 2,999,450,215
Liabilities
Unearned Premiums ............................................... $ 584,301,869
Reserve for Claims and Claims Expense ................ 1,408,815,758
Funds Held Under Reinsurance Treaties ................ 405,241
Reserve for Dividends to Policyholders ................. 8,388,015
Additional Statutory Reserve .................................
Reserve Ior Commissions, Taxes and
Other Liabilities ................................................ 291,218,866
Total ............................................................... $2,293,129,749
Capital Stock ............................. $ 5,000,000
Paid in Surplus ........................... 11,139,941
Unassigned Surplus ................... 690,180,525
Surplus to Policyholders .............................. 706,320,466
Total Liabilities and Surplus ............................... $2,999,450,2,15
* Bonds are stated at amortized or investment value; Stocks at Association Market Values. Securities
carried at $121.297,719 are deposited as required by law.
1. MICHAEL C. PETERS, senior vice president of SAFECO Insurance Company of America, do hereby certify that the tBregoing is a true, and
correct statement of the Assets and Liabilities of said Corporation, as of December 31, 2000, to the best of my knowledge and belief,
IN WITNESS WHEREOF, 1 have hereunto set my hand and affixed the seal of said Corporation at Seattle, Washington, this 1st day of
March, 2001.
Senior Vice President
S- 1262 3/01 ~g registered trademark of SAFECO Corporatio~