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COMMOi\"WF:AL HI OF l'ENNSYLV ANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2005
Whereas, the SAFECO I"'SUR~NCE COMPANY OF AMERICA, located at Seattle, WA, has filed in
this Department a certi fied copy 0[" its charter and a detailed statement of its Assets and Liabilitics. and
otherwise complied with the rcquircments of Section 66l of the Act of Assembly of the Commonwealth of
P;.:>cnsyl;.,-ani,L cntitieJ ~~An act reiating to insurance; amending. revising and consolidating the Law &c.:'
approved the 17'11 day of May, A.D. 1921, as well as with thc requirements of the laws of this Commonwealth
apphcabk to stich company in doing busincss herein.
'\'ow Therefore, l, M. Diane Koken, Insurance Commiss;"n<:r of the Commonwealth of Pennsylvania, do
Ih:reb,! certify, in accordance with Section 1, of the Act of Assembly approved June 29, 1923 and known as Get
'-'0.' n of the Laws of 1923, that tllc SAFECO Insurance Company of America, of Seattle, W A, is duly
authori/<:.d to become and bc accept<:.d as sole surety on all bonds, undertakings and obligations rcqliircd or
permitted by law or the ordinanccs, 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 writtcn.
~~M~Y{'~~
lnsurance Commissioner
.
_..
SAFECO INSURANCE COMPANY OF AMERICA
Assets
FINANCIAL STATEMENT - DECEMBER 31, 2004
Liabilities
Cash and Bank Deposits...
"'Bonds - U.S Government...
*Other Bonds
*Stocks..
Real Estate.
... $ (52,492,321)
.. ...251,982.058
2,582,533,5 I 6
444,878,607
9,485.908
.......367,916,616
39,230,044
142,067.106
Agents' Balances or Uncollected Premiums ,"
Accrued Interest and Rents ......
Other Admitted Assets ........
Total Admitted Assets.................................... $3.7R~ (101 ~1:!
Unearned Premiums ,.. .........h"...
Reserve for Claims and Claims Expense...
Funds Held Under Reinsurance Treaties...
Reserve for Dividends to Policyholders.. ... .............
Additional Statutory Reserve ..
Reserve for Commissions, Taxes and
Other Liabilities .....
TotaL........,..........,.....................................
Capital Stock.... $ 5,000.000
Paid in Surplus...... .....233,187,958
Unassigned Surplus.. 805.209,270
Surplus to Policyholders ........................,
Total Liabilities and Surplus .............................
* Bonds are stated at amortized or investment value; Stocks at Association Market Values.
Securities carried at $153,000,775 are deposited as required by law.
$ 710,499,599
....1,590,324,590
114,417
.... 836,898
440,428 802
$2,742,204,306
1.043.397.228
$3.78, 6.~
I, MICHAEL C. PETERS, president of SAFECO Insurance Company, do hereby certify that the foregoing is a true, and correct statement
of the Assets and Liabilities of said Corporation, as of December 31,2004, to the best of my knowledge and belief.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said Corporation at Seattle, Washington, this 1st day of
March, 2005.
S.1262a 3102
President
@A registered trademark of SAFECO COfpOration
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