HomeMy WebLinkAbout13-4312 & 31� a
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COMMONWEALTH OF PENNSYLVANIA
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INSURANCE DEPARTMENT
H ��FLTH OF P�Npe
Harrisburg, PA April 1, 2013
Whereas, the TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, located at
HARTFORD, CT, 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
Pennsylvanid, do hereby certify, in accordance with. Section J. of the Act ot`Assembly approved June 29, 1923
and known as act No. 373 of the Laws of 1923, that the TRAVELERS CASUALTY AND SURETY
COMPANY, of HARTFORD, CT, 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.
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In Witness Whereof, I have hereunto set andsandc:) 9_
affixed my official seal, the day and year tirsiF_�bo>re; wrl; ten..
Insurance Commissioner
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COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
RTIR[C.� TE Off` AUTHORITY
Casualty Effective Cate. Aprif 1, 2013
TRAVELERS CASUALTY AND SURETY COW ANY
OF AMERICA
NATC NO. 31194
HAS COMPLIED WITH THE REQUIREMENTS OF THE LAWS OF THE COMMONWEALTH OF
PENNSYLVANIA RELATING TO ADMISSION IN SAID COMMONWEALTH FOR 'THE PURPOSE OF
TRANSACTING INSURANCE BUSINESS IN PENNSYLVANIA•.AND THAT THE ABOVE NAMED COMPANY
IS HEREBY AUTHORIZED TO TRANSACT THE BUSINESS OF.
Accident and.Health 40 P.S, s 382(e)(2) Auto Liability 40 P.S. s 382(6)(11)
Boller and Machinery 40 P.S. s V(c)(S) Burglary and Theft 40 P.S. s 382(6)(6)
Credit 40 P.S, s 382(6)(7) Elevator 40 P.S. s 382(6)(9)
Fidelity and Surety 40 P.S. s M2 (cXl) Glass 40 P.S. s 382(6)(3)
Inland Marine and Physical Damage 40 P.S. s 382(b)(2) Livestock 40 P.S. s 382(6)(10)
Mme and Machinery 40 P.S. s 382(6)(12) Ocean Marine 40 P.S. s 382(b)(3)
Other Liability 40 P.S. s 382 (c)(4) Personal Property - Floater 40.P.S. s 382(6)(13)
Property and Allied fines 40 P.S. s 382(b)(1). Wafer Damage 40 P.S..s 382(6)(8)
Workers Compensation 40 P.S. s 382(6)(14)
F OR THE YEAR EN MARCH 31, 2014, IN ACCORDANCE WITH ITS CHARTER. AND IN CONFORMITY
WITH THE LAWS OF SAID COMMONWEALTH OF PENNSYLVANIA.
I wn WHEF,EOF I HAVE HEREUNTO SET TyIY
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HAND AND AFFDi;ED MY OFFICIAL SEAL, THE
DATE AND YEARFIRST ABOVE WRITTEN.
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MICHAEL CONSEI}INE
INSURANCE COMMISSIONER
TRAVELERS CASUALTYAND SURETY COMPANY OF AMERICA
HARTFORD, CONNECTICUT 06183
FINANCIAL STATEMENT AS OF DECEMBER 31, 2012
CAPITAL STOCK $ 6,480,000
ASSETS LIABILITIES & SURPLUS
CASH AND INVESTED CASH $ 16,936,791 UNEARNED PREMIUMS $ 783,409,692
BONDS 3,713,171,016 LOSSES 901,058,710
INVESTMENT INCOME DUE AND ACCRUED 50 ,798,732 REINSURANCE PAYABLE ON PAID LOSSES& LOSS ADJ. EXPENSES 1,446,021
OTHER INVESTED ASSETS 280,730,697 LOSS ADJUSTMENT EXPENSES 534,370,660
PREMIUM BALANCES 184,942,608 COMMISSIONS 29,281,779
NET DEFERRED TAX ASSET 63,274,378 TAXES, LICENSES AND FEES 66,762,894
REINSURANCE RECOVERABLE 12,410,524 OTHER EXPENSES 35,588,987
SECURITIES LENDING REINVESTED COLLATERAL ASSETS 7,769,165 FUNDS HELD UNDER REINSURANCE TREATIES 94,449,544
RECEIVABLES FROM PARENT, SUBSIDIARIESAND AFFILIATES 11,080,470 CURRENT FEOERALAND FOREIGN INCOME TAXES 60,675,573
UNDISTRIBUTED PAYMENTS (1,439,585) REMITTANCES AND ITEMS NOT ALLOCATED 19,270,931
OTHERASSETS 864,093 AMOUNTS WITHHELD I RETAINED BY COMPANY FOR OTHERS 79,084,806
RETROACTIVE REINSURANCE RESERVEASSUMED 3,163,164
POLICYHOLDER DIVIDENDS 6,730,121
PROVISION FOR REINSURANCE 5,314,325
ADVANCE PREMIUM 726,898
PAYABLE FOR SECURITIES LENDING 7,769,155
CEDED REINSURANCE NET PREMIUMS PAYABLE (70,803,744)
ESCHEAT LIABILITY 525,399
OTHER ACCRUED EXPENSES AND LIABILITIES 282.062
TOTAL LIABILITIES $ 2.659,106.957
CAPITAL STOCK $ 6,480,000
PAID IN SURPLUS 433,803,760
OTHER SURPLUS 1.340.168.061
TOTAL SURPLUS TO POLICYHOLDERS $ 1,780,451,821
TOTAL ASSETS $ 4.339.658.778 TOTAL LIABILITIES & SURPLUS S 4.339.558.778
STATE OF CONNECTICUT )
COUNTY OF HARTFORD )6S.
CITY OF HARTFORD )
MICHAEL J. DOODY, BEING DULY SWORN, SAYSTHAT HE IS SECOND VICE PRESIDENT, OF TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA,
AND THAT TO THE BEST OF HIS KNOWLEDGE AND BELIEF, THE FOREGOING IS A TRUE AND CORRECT STATEMENT OF THE FINANCIAL CONDITION OF SAID
COMPANY AS OF THE 31ST DAY OF DECEMBER, 2012,
SECOND VICE PRESIDENT
SUBSCRIBED AND SWORN TO BEFORE ME THIS NOTARY PUBLIC
20TH DAY OF MARCH, 2013
SUSAN M. WEISSLEDER
Notary Public
Aly Conrnrfssion Expires Noi eurber 30, 2017
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