HomeMy WebLinkAbout01-2545 COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April It 2001
Whereas, the CONTINENTAL CASUALTY COMPANY, located at Chicago, IL, has filed in this
Department a certified copy of its charter and a detailed statement of its Assets and Liabilities, end 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, 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 Continental Casualty Company, of Chiengo, IL, 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 ofeny municipality, board, body, organization, or public officer.
In Wimess Whereof, I have hereunto set my hand and
affixed my official seal, the day end year first above written.
Insurance Commissioner
I · 'la
CNA INSURANCE COMPANIES
CONTINENTAL CASUALTY COMPANY
STATEMENT OF ASSETS AND LIABILITIES
December 31, 2000
ASSETS:
Cash $ 45,68.1,630
Short-term investments (principally U.S. Government Obligations) 2.363,163,712
United States Government obligations 3,062,750,079
Other public bonds 3,833,057,'.,24
industrial and miscellaneous bonds 3,239,798,392
Preferred stocks 182,5;'8,773
Common stocks of affiliated companies 3,814.166,844
Other common stocks 1,353,836,144
Real Estate 11,921,738
Premiums and a§ents' balances in course of collection 1,120,622,864
Premiums, agents balances and installments booked but
deferred and not yet due 480,284,280
Accrued retrospective premiums 441,814,731
Accrued interest dividends and rents 156,904,215
Other .4~sets 2,867,'I 28,194
Admitted Assets S 22,9,,'3.709,320
LIABILITIES:
Unearned premium reserve $ 2,693,952,468
Reserve for loss and Joss adiustment expense 11,321,368,456
Reserve ~or taxes, licenses and fees (including federal income taxes) 64,489,814
Other Liabilities 2,551,578.541
Total Liabilities $ 16,631,389,279
SURPLUS:
Capital paid up ($5.00 par value)
Shares authorized: 8,425,000 issued: 7,856,558 5 1,855,50'1,759
Surplus 4,486,818,281
Surplus as Regards Policyholders 6,342,320,040
Total $ 22,973,709,320
Failure of items to add to totals shown is due to rounding.
State of Illinois )
) ss
Count'/of Cook)
On this 16th day of April, 200'1, before me came Lawrence J. 8oysen and Jer~/F. Sliwa, known
to me personally to be the Group Vice President and the Assistant Vice President, respectively, of the
Continental C.a~ualt,/Company being full)' sworn, certify and attest that the foregoing statement is a true and
correct statement o( the a~sets and liabilities of the said company as of the date shown in the statement.
Jerry F. Sliwa, As~tant Vice President