HomeMy WebLinkAbout14-2410 CONTINENTAL CASUALTY COMPANY
Chicago, Illinois
Statement of Net Admitted Assets and Liabilities
December 31, 2013
A
Bonds S 30,229,955,367
Stocks 4,746,557,669
Mortgage loans on teal estate 469,092,801
Cash and short-term investments 415,957,659
Other invested assets 2,747,969,437
Receivables for securities 220,144,221
Investment income due and accrued 325,573,800
Uncollected premiums and agents' balances 756,059,721
Deferred premiums, agents' balances and installments booked but deferred and not yet due 816,321,820
Amounts recoverable from reinsurers 160,346,989
Funds held by or deposited with reinsured companies 620,515,689
Net deferred tax and 846,027,433
Other assets 287,810,015
Total Assets $ 42 332,621
LIABILITIES AND SURPLUS
Losses S 16,372,553,624
Loss adjustment expense 2,277,063,954
Other expense 682,511,985
Taxes, licenses and fees 192,617,490
Federal and foreign income taxes payable 184,378,523
Unearned premiums 11,568,710,301
Ceded reinsurance premiums payable (net of ceding commissions) 375,591,520
Provision for reinsurance 118,341,078
Other liabilities (266,135,463)
Total Liabilities 31.505.633.012
Surplus Account:
Capital paid up 35,632,565
Gross paid in and contributed surplus 5,684,824,266
Special Surplus 289,755,132
Unassigned tUnda 5,126,487,646
Surplus as regards policyholders 11,136,699,609
Total liabilities and Capital $ 42,642,332,621
L 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, 2013, as Sled with the various Insurance
Departments and is a true and correct statement of the condition of Continental Casualty Company as of that date.
Continental C ItyCompany
By
Assistant 'ce detn
Subscribed and swam to me this 12th day of March . 2014.
My commission expires: C I � Notary Public �_J
eeeeeeeeevee4t•O�r VYVV UvAt1U•eo
"OFFICIAL SEAL" •
KATHLEEN VI. SCHROEDER
• Notary PUbllc State of minis o
a My Commission Expires 08116115 ;
�C13 � Ud =•••••••eee••• +eeeeeeeeweeeo
t t_ tl_,
" - CV
to tL^
L,J a-- . aE=
a- Lr.1
3 z L3. 44 4 15L e
NGfl � P q9
COMMONWEALTH OF PENNSYLVANIA
'41 of ,�,•��`� INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2014
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
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 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.
In Witness Whereof, I have hereunto set my hand and
— - affixed my official seal, the day and year first above written.
Insurance Commissioner