HomeMy WebLinkAbout05-3155
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COMMONWEALTH Of PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, P A April 1, 2005
Whereas, the PENNSYLVANIA NATIONAL MUTUAL CASUALTY INSURANCE COMPANY,
located at Harrisburg, P A, 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
ofthe 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, I, M. Diane Koken, 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, P A, 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.
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PENNSYLVANIA NATIONAL MUTUAL
CASUALTY INSURANCE COMPANY,
PENN NATIONAL SECURITY INSURANCE COMPANY
AND FOUNDERS INSURANCE COMPANY
2004
ANNUAL
REPORT
CONSOLIDATED STATUTORY BALANCE SHEET
DECEMBER 31, 2004
ADMITTED ASSETS
Investments;
Bonds.. .
Stocks.
Real Estate . ...................
Loans to affiliates.. "...............
()ther assets.......... .................
Cash and cash equivalents....
Total cash and investments."........
$ 763.706,576
83,120,648
2,281,344
27,628.168
558.857
31 013 746
908.309.339
149.364,250
10,095,238
10,921,397
25,297,623
]3,383 156
Agents' balances and uncollected premiums....
Investment income due and accrued.. . ",.. ..............',
Amounts due from reinsurers........ ,".
Deferred income taxes.
Other assets...
Total admitted assets....
$1 117 ~71 00:;
LIABILITIES
Total liabilities......
$ 512.755,952
234,563,960
23,968,558
10.015,802
31 473.290
812,777.562
Reserves for losses and loss adjustment expenses
Uneamedpremiums. ...............
Premium taxes and other expenses..
Drafts outstanding.. '..... ,_
Other liabilities..... ........
POLICYHOLDERS' SURPLUS
Surplus Notes..
Unassigned surplus.......
50,000.000
254 593 441
Total policyholders' surplus...
Totalliabiliti<:s and policyholders' surplus..
304.593.441
$1 117371003
Conunonwealth of Pennsylvania
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County of Dauphin
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We, Christine Sears, Treasurer, and Kenneth R .Shutts, Socretary, respectively of PENNSYLVANIA NATIONAL MUTUAL CASOALry-:""
INSURANCE COMPANY. PENN NATIONAL SECURlTV INSURANCE COMPANY AND FOUNDERS IN URANCE COMPANY. do hereby
certify that the foregoing is a true statement of the financial condition of said Companies as of December 1. 2004.
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