HomeMy WebLinkAbout11-4257i/ W,57 (10)I
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COMMONWEALTH OF PENNSYLVANIA
LOF. INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2011
Whereas, the TRAVELERS CASUALTY AND SURETY COMPANY, located at
Hartford, CT, 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 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, Michael Consedine, Acting 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 Travelers Casualty and Surety Company, of
Hartford, CT, 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 my htandMnd -
affixed my official seal, the day and year first above written.
Acting Insurance Commissioner
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TRAVELERS CASUALTY AND SURETY COMPANY
HARTFORD, CONNECTICUT 06183
FINANCIAL STATEMENT AS OF DECEMBER 31, 2010
CAPITAL STOCK S 25,000,000
CASH AND INVESTED CASH
BONDS $ 402,771,500 UNEARNED PREMIUMS $ 1
683
237
954
STOCK 8,875,281,737 LOSSES ,
,
,
5,897,012
477
OTHER INVESTED ASSETS 3,103,531,347 REINSURANCE PAYABLE ON PAID LOSSES I LOSS ADJ. EXPENSES ,
24900,790
INVESTMENT INCOME DUE AND ACCRUED 834,882,229
113,787.748 LOSS ADJUSTMENT EXPENSES
COMMISSIONS 1.367,018,585
PREMIUM BALANCES
CURRENT FEDERAL AND FOREIGN INCOME TAX RECOVERABLE
1,169,551,500
TAXES, LICENSES AND FEES 104,528,732
76,856;348
NET DEFERRED TAX ASSET 5.398,521
293,283,808 OTHER EXPENSES
CEDED REINSURANCE NET PREMIUMS PAYABLE 95,430,493
RECEIVABLES FROM PARENT, SUBSIDIARIES AND AFFILIATES
108,607,160
REMITTANCES AND ITEMS NOT ALLOCATED 80.355,981
UNDISTRIBUTED PAYMENTS
31,362,771
DERIVATIVES (7,223 389)
ECI MES AND DEPOSITS IN POOLS 8 ASSOCIATIONS
REINSURANCE RECOVERABLE
36,517,847
AMOUNTS WITHHELD i RETAINED BY COMPANY FOR OTHERS 3,875,000
21,038,343
FUNDS HELD BY t DEPOSITED WITH REINSURERS (9,133,392)
4,336,814 PAYABLE FOR SECURITIES
PAYABLE FOR SECURITIES LENDING 16,709,291
AMOUNTS RECEIVABLE UNDER HIGH DEDUCTIBLE POLICIES
7,279,376
POLICYHOLDER DIVIDENDS 24,676,000
SECURMES LENDING REINVESTED COLLATERAL ASSETS
STATE SURCHARGES RECEIVABLE
24,676,000
RETROACTIVE REINSURANCE RESERVE CEDED 7,610,528
(27,031,366)
OTHER ASSETS 11,034,944 OTHER ACCRUED EXPENSES AND LIABILITIES 1,446
270
1,436,012 TOTAL LIABILITIES ,
A .9,594,801,T76
CAPITAL STOCK S 25.000
000
PAID IN SURPLUS .
2,179,824,585
OTHER SURPLUS 3 234 937 562
TOTAL SURPLUS TO POLICYHOLDERS S 5,439,782,147
TOTAL ASSETS 150345896 TOTAL LIABILITIES b SURPLUS 515,034 588.922
STATE OF CONNECTICUT )
COUNTY OF HARTFORD )SS'
CITY OF HARTFORD I
MICHAEL J. DOODY, BEING DULY SWORN. SAYS THAT HE IS SECOND VICE PRESIDENT, OF TRAVELERS CASUALTY AND SURETY COMPANY,
AND THAT TO THE BEST OF HIS KNOWLEDGE AND BELIEF, THE FOREGOING IS A TRUE AND CORRECT STATEMENT OF THE FINANCIAL
CONDITION OF SAID COMPANY AS OF THE 31ST DAY OF DECEMBER, 2010.
SUBSCRIBED AND SWORN TO BEFORE ME THIS
15TH DAY OF APRIL, 2011
'be
SECOND VICE PRESI
NOTARY PUBLIC
SUSAN M. WEISSLEDER _
Notary Public
h!v Commission Expires ,Noi-ember 30, :012