HomeMy WebLinkAbout14-3809 PPNGE t U pqH
FILED-OFFICE
Za OF THE P RDTUV&SI ONWEALTH OF PENNSYLVANIA
2014 JUN 2 7 Pr 3: ��
�OE4ITM OFPaba I SURANCE DEPARTMENT
CUMBERLAND COUNTY '
PENNSYLVANIA
Harrisburg, PA April 1,2014
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`h 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 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 kg. C
�.9SlR�3
3018b�
PENNSYLVANIA NATIONAL MUTUAL
CASUALTY INSURANCE COMPANY, 2013
PENN NATIONAL SECURITY INSURANCE COMPANY
AND FOUNDERS INSURANCE COMPANY REPORT
CONSOLIDATED STATUTORY BALANCE SHEETS
AT DECEMBER 31,-2013
ADMITTED ASSETS
Investments:
Bonds $1,113,485,112
Saks 144,433,758
Real estate 1,395,547
Loans to affiliates 19,512,343
Other assets 355,217
Cash and cash equivalents 23,062,069
Total cash and investments 1,302,244,046
Agents'balances and uncollected premiums 157,740,959
Investment income due and accrued 11,130,258
Amounts due from reinsurers 5,558,959
Deferred income taxes 35,622,271
Other assets 8,258,286
Total admitted assets $1,520,554,779
LIABnxn ES
Reserves for losses and loss adjustment expenses $ 643,702,462
Unearned premiums 279,608,479
Premium taxes and other expenses 39,145,869
Drafts outstanding 10,497,014
Other liabilities 6,407,489
Total liabilities 979,361,313
POLICYHOLDERS' SURPLUS
Surplus notes 50,000,000
Special surplus 33,938,866
Unassigned surplus 457,254,600
Total policyholders'surplus 541,193,466
Total liabilities and policyholders'surplus e$1,520,554,779
Commonwealth:of Pennsylvania
County of Dauphin
We, Gregory R Stine,Treasurer,and Karen C.YarrW 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 f the financial condition of said companies
as of December 31,2013. J
Treasurer Se
Subscribed and sworn to before me this day of
OOMMONWEALTH OF PENNSYLVANIA
No Pubh'c Nowal seal
gmttda L Winner,Notary Pub4c
Qiy of Narrmurg,OaWm tJouMy
My Commiss1w E)"w hrne 13,2014
Member,Perns0 arda Assodattm ofwatarias