HomeMy WebLinkAbout13-3803 ? G y pi� MONWEALTH OF PENNSYLVANIA
LN OF OE `� "� INSURANCE DEPARTMENT
1 ,13 3 �flu� r
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Harrisburg, PA April 1, 2013
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 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, t, 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
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`"` PENNSYLVANIA NATIONAL MUTUAL'
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CASUALTY INSURANCE COMPANY, ANNUAL
2012 PENN NATIONAL SECURITY INSURANCE COMPANY
AND FOUNDERS INSURANCE COMPANY ..R E PORT
CONSOLIDATED STATUTORY BALANCE SHEETS
AT DECEMBER 31, 2012
ADMITTED ASSETS
Investments:
Bonds $1,015,575,578
Stocks 128,753,247
Real estate 1,531,295
Loans to affiliates 20,364,180
Other assets 473,532
Cash and cash equivalents 32,102,632
Total cash and investments 1,198,800,464
Agents' balances and uncollected premiums 143,771,844
Investment income due and accrued 10,797,540
Amounts due from reinsurers 9,913,745
Deferred income taxes 51,019,771
Other assets 4,043,391
Total admitted assets $1,418,346,755
LIABILITIES
Reserves for losses and loss adjustment expenses $ 656,469,951
Unearned premiums 255,325,933
Premium taxes and other expenses 52,709,522
Drafts outstanding 13,436,495
Other liabilities (33,253,497)
Total liabilities 944,688,404
POLICYHOLDERS' SURPLUS
Surplus notes 50,000,000
Special surplus 39,436,102
Unassigned surplus 384,222,249
Total policyholders' surplus 473,658,351
Total liabilities and policyholders' surplus $1,418,346,755
Commonwealth of Pennsylvania
County of Dauphin
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, 2012.
Treasurer �� ecretary
Subscribed and sworn to before me this day of Aa
COMMONWEALTH OF PENNSYLVANIA
Nota%g blici't�hal Seal
�Y► t L Womer, � a Notary Public
Qty of Harrisburg, Dauphin County
MY CoMmisslon Expires June 13, 2014
Member, Pennsylvania Association of Notaries