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r 1. M �R i HOGO)T*MONWEALTH OF PENNSYLVANIA
4 4TH Of 9ENN6,vP 2013 APR 23 AM 11 : 3�NSURANCE DEPARTMENT
CUM BERLAND PENNSYLVANIA �
Harrisburg, PA April 1, 2013
Whereas, the WESTERN SURETY COMPANY, located at Sioux Falls, SD, 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 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 Western Surety Company, of Sioux Falls, SD, 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
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, Oi 3o
WESTERN SURETY COMPANY
Sioux Falls, South Dakota
Statement of Net Admitted Assets and Liabilities
December 31, 2012
ASSETS
Bonds $1,544,217,378
Stocks 23,405,721
Cash and short-term investments 85,332,658
Uncollected premiums and agents' balances 32,034,747
Amounts recoverable from reinsurers 163,180
Net deferred tax asset 23,141,708
Electronic data processing equipment and software 47,102
Investment income due and accrued 18,997,674
Other assets 5,203,942
Total Assets $1,732,544
LIABILITIES AND SURPLUS
Losses $310,752,443
Loss adjustment expense 79,546,495
Contingent and other commissions payable 6,404,001
Other expense 1,046,332
Taxes, licenses and fees 1,652,483
Unearned premiums 249,533,795
Other liabilities 31,210,018
Total Liabilities 680,145,567
Surplus Account:
Capital paid up $4,000,000
Gross paid in and contributed surplus 280,071,836
Unassigned funds 768,326,707
Surplus as regards policyholders $1,052,398,543
Total Liabilities and Capital $1,732,544,110
�
I, �; OiAtant Vice President of Western Surety Company hereby certify that the above is
an�� ate re Wtion of the financial statement of the Company dated December 31, 2012, as filed
with �"i�surance Departments and is a true and correct statement of the condition of Western
Surety O�Ftli� as of that date.
Western Surety Company
By fte!__7
Assistant We ident
Subscribed and sworn to me this 25th day of March , 2013.
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My commission expires: "OFriC1AL SEAL" +/
KATHLEEN M, SCHROEDER +
Notary Public, State of Illinois : Notary Public
My Commission Expires 08116115 ;
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