HomeMy WebLinkAbout14-2409 WESTERN SURETY COMPANY
Sioux Falls, South Dakota
Statement of Net Admitted Assets and Liabilities
December 31, 2013
ASSETS
Bonds $1,724,685,206
Stocks 23,751,064
Cash and short-term investments 15,700,560
Investment income due and accrued 20,454,904
Uncollected premiums and agents' balances 42,288,900
Net deferred tax asset 20,676,332
Other assets 8,79461
Total Assets $1,856,351,527
LIABILITIES AND SURPLUS
Losses $307,482,238 '
Reinsurance payable on paid losses and loss adjustment expenses 5,583,589
Loss adjustment expense 59,547,344
Contingent and other commissions payable 5,935,659
Unearned premiums 252,195,516
Advance premiums 5,072,293
Payable to parent, subsidiaries and affiliates 7,650,063
Other liabilities 7,270,652
Total Liabilities 650,737,354
Surplus Account:
Capital paid up $4,000,000
Gross paid in and contributed surplus 280,071,836
Unassigned funds 921,542,337
Surplus as regards policyholders $1,205,614,173
Total Liabilities and Capital $1,856,351,527
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I; g �tant Vice President of Western Surety Company hereby certify t Rhe#ovg` ,' r,� a rrretion of the financial statement of the Company dated December 3r1 `R014 as e
wrt rance Departments and is a true and correct statement of the cond #i a of%Weste
Surety'` ='as of that date. -- s�-
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Western Surety Company
By Assistant 'ce I r ident
Subscribed and sworn to me this 12th day of March , 2014.
............................
My commission expirts: - OFFICIAL SEAL" �'YA� �� .m
KATHLEEN M. SCHROEDER # -
Notary Public, State of Illinois : Notary Public
• My Commission Expires 08116115 2
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COMMONWEALTH OF PENNSYLVANIA
IT" OFPF'Nas+ INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2014
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, 1, Michael Consedine, Insurance Commissioner of the Commonwealth of
Pennsylvania, do hereby certify, in accordance with Section 1, of the AGt Assembly approved Julie 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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