HomeMy WebLinkAbout13-2219 Z� ail= ONWEALTH OF PENNSYLVANIA
OF THE PROT
ff /{ [�(y (/^/� ^ qr�j SURANCE DEPARTMENT
N � F 9IM OF PENNb 2013 2 Ail 1.1' M�
CUMBERLAND COUNTY
PENNSYLVANIA Harrisburg, PA April 1, 2013
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, 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
Penn syl pia, do certify, in accordance with-Section 1, of tl,c Act of Assembly approved Junc 29, 1923
and known as act No. 373 of the Laws of 1923, that the Continental Casualty Company, of Chicago, 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 of any municipality, board, body, organization, or
public officer.
1449449 VP In Witness Whereof, I have hereunto set my hand and
affixed my official seal, the day and year first above written.
Insurance Commissioner
CK 0
CONTINENTAL CASUALTY COMPANY
Chicago, Illinois
Statement of Net Admitted Assets and Liabilities
December 31, 2012
ASSETS
Bonds S 29,260,084,722
Stocks 4,433,412,280
Cash and short -term investments 527,644,078
Uncollected premiums and agents' balances 649,037,102
Amounts recoverable from reinsurers 67,125,744
Funds held by or deposited with reinsured companies 1,042,507,681
Net deferred tax asset 954,439,752
Electronic data processing equipment and software 19,779,597
Investment income due and accrued 316,297,901
Other assets 4,021,868,369
Total Assets S 41,292,197,226
LIABILITIES AND SURPLUS
Losses S 16,687,654,316
Loss adjustment expense 2,280,847,734
Contingent and other commissions payable 78,063,833
Other expense 1,219,377,336
Taxes, licenses and fees 142,095,897
Federal and foreign income taxes payable 265,835
Unearned premiums 11,026,132,737
Other liabilities (140,594,417)
Total Liabilities 31,293,843,271
Surplus Account:
Capital paid up 35,632,565
Gross paid in and contributed surplus 5,657,112,191
Special Surplus 2,247,054
Unassigned funds 4,303,362,145
Surplus as regards policyholders S 9.998,353,955
Total liabilities and Capital S 41.292,197226
1, OJ B. Magana, Assistant Vice President of Continental Casualty Company hereby certify that the above is an accurate
representation of the financial statement of the Company dated December 31, 2012, as filed with the various Insurance
Departments and is a true and correct statement of the condition of Continental Casualty Company as of that date.
Continental Cay4lty Company
By
Assistant I ice t
Subscribed and sworn to me this 25th day of March 2013.
My commission expires:
Notary Public
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• "OMCIAL SEAL" m
o KATHLEEN lilt, SCHROEDER *
o Notary Public. State of Illinois
• My Commission Expires 08116115 •
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