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HomeMy WebLinkAbout14-3128 3 NGE U pA [,� yPP q�F t4q,3w a� COMMONWEALTH OF PENNSYLVANIA 111 OM1'`'fAm"I OF Aya INSURANCE DEPARTMENT Harrisburg, PA April 1,2014 Whereas, the TRAVELERS CASUALTY AND SURETY COMPANY,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 17th 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 Act of 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 reguls o�any MOD ITl1- municipality, board, body, organization, or public officer.„r- o ©�,' In Witness Whereof, I have hereunto set my hand and affixed my official seal, the day and year first above written. Insurance Commissioner TRAVELERS CASUALTY AND SURETY COMPANY HARTFORD,CONNECTICUT 06183 FINANCIAL STATEMENTAS OF DECEMBER 31,2013 CAPITAL STOCK$25,000,000 ASSETS LIABILITIES&SURPLUS CASH AND INVESTED CASH $ 649,717,644 UNEARNED PREMIUMS S 1,815,607,881 BONDS 9,393,587,928 LOSSES 6,046,635,704 STOCKS 3,741,038,068 REINSURANCE PAYABLE ON PAID LOSSES&LOSS ADJ.EXPENSES 227,906,838 OTHER INVESTED ASSETS 791,966,945 LOSS ADJUSTMENT EXPENSES 1,330,905,016 PREMIUM BALANCES 1,301,193,954 COMMISSIONS 123,861,818 INVESTMENT INCOME DUE AND ACCRUED 107,464,278 TAXES,LICENSES AND FEES 73,245,066 NET DEFERRED TAX ASSET 267,602,003 OTHER EXPENSES 128,115,292 RECEIVABLES FROM PARENT,SUBSIDIARIES AND AFFILIATES 59,598,326 CEDED REINSURANCE NET PREMIUMS PAYABLE 63,012,674 UNDISTRIBUTED PAYMENTS 39,716,722 AMOUNTS WITHHELD/RETAINED BY COMPANY FOR OTHERS 36,598,504 EQUITIES AND DEPOSITS IN POOLS&ASSOCIATIONS 17,554,791 REMITTANCES AND ITEMS NOT ALLOCATED (8,288,581) REINSURANCE RECOVERABLE 36,744,128 PAYABLE FOR SECURITIES 16,524,294 FUNDS HELD BY/DEPOSITED WITH REINSURERS 2,365,030 PAYABLE FOR SECURITIES LENDING 29,781,863 AMOUNTS RECEIVABLE UNDER HIGH DEDUCTIBLE POLICIES 15,403,171 POLICYHOLDER DIVIDENDS 9,565,160 SECURITIES LENDING REINVESTED COLLATERAL ASSETS 29,781,863 RETROACTIVE REINSURANCE RESERVE CEDED (20,624,174) STATE SURCHARGES RECEIVABLE 9,594,907 CURRENT FEDERAL AND FOREIGN INCOME TAXES 31,751,766 GUARANTY FUNDS RECEIVABLE OR ON DEPOSIT 743,917 OTHER ACCRUED EXPENSES AND LIABILITIES 1,155,823 OTHER ASSETS 327,774 TOTAL LIABILITIES S 9,905,754,944 CAPITAL STOCK $ 25,000,000 PAID IN SURPLUS 2,629,824,585 OTHER SURPLUS 3,903,821,920 TOTAL SURPLUS TO POLICYHOLDERS S 6,558,646,505 TOTAL ASSETS S 16,464,401,449 TOTAL LIABILITIES&SURPLUS $16,464,401,449 9 STATE OF CONNECTICUT ) COUNTY OF HARTFORD )SS. CIN OF HARTFORD ) MICHAEL J.DOODY,BEING DULY SWORN,SAYS THAT HE IS SECOND VICE PRESIDENT,OF TRAVELERS CASUALTY AND SURETY COMPANY, 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,2013. SECOND VICE PRESID N� T SUBSCRIBED AND SWORN TO BEFORE ME THIS NOTARY PUBLIC 19TH DAY OF MARCH,2014 SUSAN M.WEISSLEDER A'o/aq P:tblic ttut.t, bfy Commission Expires A'ovember 30,2017 tttt4l�i IV( t�i S . r � t COMMONWEAL TII OF PENNSYLVANIA INSURANCE DEPARTMENT CERTIFICATE OF AUTHORITY Casualty Effective Date; April 1,2014 TRAVELERS CASUALTY AND SURETY COMPANY (TIDE) NAIC NO, 19038 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 40P.8-082(e)(2) Auto Liability 40 P.S.s 382(c)(t t) Boiler and Machinery 40 P,S,s 382(0)(5) Burglary and Theft 40 P.S,s 382(0)(6) Credit 40 P.S.s 382(0)(7) Elevator 40 P.S.s 382(0)(9) Fidelity and Surety 40 P.S,s 382(0)(1) Glnss 40 P.S,s 382(0)(3) Inland Marine and Physical Damage 40 P.S.s 382(b)(2) Livestock 40 P.S.s 382(0)(10) Mine and Machinery 40 P.S.s 382(0)(12) Ocean Marine 40 P.S.s 382(b)(3) Other Liability 40 P.S.s 382(0)(4) Porsonni Property Floater 40 P.S.s 382(0)(13) Property and Allied Lines 40 P.S,s 382(b)(1) Nater Damage 46P.S.s 382(0)(8) Workers Compensation 40 P.S.s 382(0)(14) FOR THE YEAR ENDING MARCH 31,2015,IN ACCORDANCE WIT1I ITS CHARTER AND IN CONFORMITY WITH THE LAWS OF SAID COMMONWEALTH OF PENNSYLVANIA. IN WITNESS WHEREOF,I HAVE HEREUNTO SET MY yJ4� C� Aq,9r�� HAND AND AFFIXED MY OFFICIAL SEAL, THE DATE AND YEAR FIRST ABOVE WRITTEN. 2 �„t rd MICHAEL CONSEDINE INSURANCE COMMISSIONER