HomeMy WebLinkAbout06-1441
.
If!i~M'''''
~~~~'t~~~
'"'I*~ .~';.~
!'&~ ~~\,
r. .J
~~;~",~~I
~.~ ~
;:t~"":.."
S"lIT..oP'~
--
O~ - /4'11
c ~ ~ l'T82-""L
COMMONWEALTH Of PEN;\iSYL VANIA
I NSlJRANCE DEI'AHTMENT
Harrisburg, PA April I, 2005
Wherells, the SAfECO Il\SliRANCE COMPANY Of AMERICA, locatcd at Seattle, WA, 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 ofScction 661 of the Act of Assembly of the Comm,)J1wealth of
Pennsylvania. entitled "An act relating to insurance; amending, re\'ising and consolidating the Law &c....
appro\'cd the 171h 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 l, orthe Act of Assembly approved June 29, 1921 and known as act
No. l n of the Laws of 1923. that the SAfECO Insurllnee Compan) of America, of Seattle, W A. is duly
authorized to hecome and be accepted as sole surety on all bonds. undertakings and obligations required or
pcrmittcd by law or the ordinances, rules or regulations of 3nv municipality, board, body. organization, or
public officer.
In Witness Whereof. I have hereunto set my hand and
ani xed my official seal, the day and ycar first above written.
lVl~'/:XtMeb~
----"-- '~'-r-{l1surancc(_'u~~~-i-~i;;-;l~~--.-- -------~-
.
IDIJ.
SAFECO INSURANCE COMPANY OF AMERICA
FINANCIAL STATEMENT - DECEMBER 31, 2005
Assets
Cash and Bank Deposits........................................ $ 84,906,669
"Bonds - U.S Govemment...........................................242,950,999
"Other Bonds... .............. ........... ........... .................... 2,682,145,557
"Stocks. ........ ........... ........... ..... ...... ........... ............... 428,624,237
Real Estate............................................................... 9,291,339
Agents' Balances or Uncollected Premiums.................629,634,432
Accrued Interest and Rents....................................
Other Admitted Assets...........................................
40,360,895
351.037705
Total Admitted Assets.................................... !;4 46R 9~1 833
Liabilities
Unearned Premiums.............................................. $ 711,109,820
Reserve for Claims and Claims Expense ...................1,620,267,753
Funds Held Under Reinsurance Treaties................. 78,827
Reserve for Dividends to Policyholders...............................854,045
Additional Statutory Reserve................................
Reserve for Commissions, Taxes and
Other Liabilities .............................................. 938.766.902
Total........................................................... 53,271,077,347
Capital Stock............................. $ 5,000,000
Paid in Surp1us................................240,451,979
Unassigned Surplus .................. 952.422.507
Surplus to Policyholders .......................... 1.197.874.486
Total Liabilities and Surplus.............................. !;4 46R 9<;1 Rl1
* Bonds are stated at amortized or investment value; Stocks at Association Market Values.
Securities carried at $137.852,392 are deposited as required by law.
I, MICHAEL C. PETERS, President, Surety, 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 3\, 2005, 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, 2006.
5-1262a 3/06
President, Surety
Safaco and the Safaco logo are registered trademarks of Safeco Corporation
(J -(q.
---
;..J i ll-..)
~ c-
o-
- ~
~ C> r ..
~ ~
--0
w --.(
C) G ~
~
(\
0
t[ ,.,.,..
'"
~