HomeMy WebLinkAbout13-2218 �N GE p p /(�' V - Da I
FILED -OFFICE" riff
01 HE PROT9 MN, WEALTH OF PENNSYLVANIA
ACT. OF PEN�6ayP 2013 APR 23 AM 11 'DURANCE DEPARTMENT
CUMBERLAND COUNTY
PENNSYLVANIA
IIarrisburg, PA April 1, 2013 .
Whereas, the CONTINENTAL INSURANCE COMPANY (THE), located at Radnor, Pennsylvania,
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 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 lter6y, certify, in uccordari c 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 Insurance Company (The), of Radnor,
Pennsylvania, 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
� �B C i (P
THE CONTINENTAL INSURANCE COMPANY
Radnor, Pennsylvania
Statement of Net Admitted Assets and Liabilities
December 31, 2012
ASSETS
Bonds S 1,918,305,261
Stocks 152,148,209
Cash and short -term investments 382,477,651
Uncollected premiums and agents' balances 52,728,223
Amounts recoverable from reinsurers 23,547,316
Funds held by or deposited with reinsured companies 2,365,261
Net deferred tax asset 81,173,005
Investment income due and accrued 23,894,634
Other assets 71,841,445
Total Assets S 2,708,481,005
LIABILITIES AND SURPLUS
Losses $ 763,621,953
Loss adjustment expense 34,421,591
Contingent and other commissions payable 15,556,713
Other expense 7,514,186
Taxes, licenses and fees 44,994,884
Other liabilities 519,410,554
Total Liabilities 1,385,519,881
Surplus Account:
Capital paid up 53,566,360
Gross paid in and contn'btttd surphns 1,423,436,994
Special Surplus 5,058,970
Unassigned funds (159,101,200)
Surplus as regards policyholders S 1,322,961,124
Total Liabilities and Capital $ 2,708,481,005
1, OJ B. Magana, Assistant Vice President of The Continental hrsuraoce Company hereby certify that the above is an
accutate representation of the financial statement of the Company dated December 31, 2012, as filed with the various
Insurance Departments and is a true and cbnrct statement ofthe condition of The Continental Insurance Company as of that
date.
The Continental Insurance Company
BY C
Assistant i e ident
Subscribed and sworn to me this 25th day of March . 2013.
My commission expires•
Notary Public
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Notary Public. State of Illinois
• My CoMMIsslon Expires 08116115
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