HomeMy WebLinkAbout01-2547 COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisbur~ PA ~
Whereas, the AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, located at
Reading, PA, 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 17m 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 Ameriean Casualty Company of Reading, Pennsylvania, of Reading,
PA, 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.
I,.the day an.d year first above written.
Insu,-ru~;e Commissioner
Z ~ '-~ "'
2: ~-l. i .-'"
.~;... ~ ,.c~.,
~" ~-. "~
~'~ ~ .-,
CNA INSURANCE COMPANIES
AMERIC%N CASUALTY COMPANY OF READING, PENNSYLVANIA
STATEMENT OF ASSETS AND LIABILITIES
December 31, 2000
~SETS:
Cash
Short-term investments lprincipalJv U S. Government Obligations) S 2.100,428
United States GOvernment obligations 461649,565
Other public bonds 491,691,087
Industrial and miscellaneous bonds 103,901,771
Preferred stocks
312,905,657
Common stocks of affiliated companies 0
Other Common stocks
Real Estate 312,236,030
· 625,000
Premiums and agents' balances in course of coJ/ectio~ 0
Premiums, agents balances and installments booked but 84,106,878
deferred and not vet due
· Accrued retrospective premiums ' 29,596,645
Accrued interest dividends and rents 27,226,029
Other Assets 11,380,884
Admitted Assets 52,199.58'1
LI~ABILITIES:
Unearned premium reserve
Reserve for loss and loss adjustment expense S 166,009.920
Rese~e for taxes, licenses and fees 'i ·
Other Liabilities ~ ndudmg federa income taxes) 694,758,702
3,974.070
Total Liabilities 80.672.691
$-- 945,415,383
SURPLUS: ~
Capita/paid up (S5.00 par value)
Surplus Shares aul~orized: 2,000,000 issued: 840,000 S 48,573,818
Surplus as Regards Policyholders 480 830,354
Total ~
5 1,474,819,555
State of Illinois )
)ss
County, of Cook)
to me persoO:a:~iStol ~)tehtdhay °f April' 200.1, before me came Lawrence ,. Bovsen an .
American Casu~tv Com~e~-G. r°?~ Vi~c.e President and the Assistant V ce Pre~id-nt ~_J. erry. F..Shw.a, known
~,,~,~,,,T., ~s a true ano COrrect statemem ,,~ ,k~; ..... ~,,,,.S,,.-,~? ~worn, cert~ff and attest that t~ ' '
shown ,n the statement. · ........ ~ aha ,aomtles of the smd company as of the%~eg°'ng
Jerry, F. Sliwa, ~istan[ Vice Pr~sic[ent /n
] ~).~j j k~(~3 ;~,~ .~ Lawrence $. Bo~e ,~roup Vicef'Presiden~ --
~, LESL_Y NATIVIDAD )