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HomeMy WebLinkAbout11-5201PENNSYLVANIA NATIONAL MUTUAL CASUALTY INSURANCE COMPANY, PENN NATIONAL SECURITY INSURANCE COMPANY AND FOUNDERS INSURANCE COMPANY 2010 ? o `? CONSOLIDATED STATUTORY BALANCE SHEETS AT DECEMBER 31, 2010 ADMITTED ASSETS Investments: Bonds Stocks Real estate Loans to affiliates Other assets Cash and cash equivalents Total cash and investments Agents' balances and uncollected premiums Investment income due and accrued Amounts due from reinsurers Deferred income taxes Other assets Total admitted assets C) C $1,022,070,287 Z!? 141,452,918 rn 1,973,761 Z 21,689,411 + 410,307 © 22,799,222 ?? 906 395 1 210 C , , , Z 2 121,281,256 12,024,286 8,854,725 28,627,219 25,518,860 cam.' C t'V N C.11 __J C3 `n --r M_ -arn =CD v CD i i° Z:3 O? --iM -e $1,406,702,252 LIABILITIES Reserves for losses and loss adjustment expenses Unearned premiums Premium taxes and other expenses Drafts outstanding Other liabilities $642,959,221 215,734,105 20,494,371 10,958,363 29,407,869 Total liabilities 919,553,929 POLICYHOLDERS' SURPLUS Surplus notes Unassigned surplus 50,000,000 437,148,323 Total policyholders' surplus Total liabilities and policyholders' surplus Commonwealth of Pennsylvania County of Dauphin 487,148,323 $1,406,702,252 We, Gregory R. Stine, Treasurer, and Karen C. Yarrish, Secretary, respectively of PENNSYLVANIA NATIONAL MUTUAL CASUALTY INSURANCE COMPANY, PENN NATIONAL SECURITY INSURANCE COMPANY AND FOUNDERS INSURANCE COMPANY, do hereby certify that the foregoing is a true statement o the financial condition of said companies as of December 31, 2010. Treasurer f S cretary Sub ribed and sworn to before me this day of d WEALTH OF PENNSYLVANIA tary Public COMMON Beverly A. Thompson, Notary Public City of Harrisburg, Dauphin County ek,Wgg519 My Commission Expires April 16, 2014 V, cod ?1 ? t/ I / Member. PennsvNania Assoclatlon of Note es COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT Harrisburg, PA April 1, 2011 Whereas, the PENNSYLVANIA NATIONAL MUTUAL CASUALTY INSURANCE COMPANY, located at Harrisburg, 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 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, 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 Pennsylvania National Mutual Casualty Insurance Company, of Harrisburg, 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, the day and year first above written. Insurance Commissioner ?0 ?t f ?O a ?o??'?crN o??EN~`r