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COMMONWEALTH OF PENNSYLVANIA
INSlJRANO~ m:PARTMENT
Harrisburg, PA Aurill, 2006
Whereas, the WESTERN SURETY COMPANY, located at Sioux Falls, SD, has tiled in this Depal1ment
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 Perm sylvania, entitled "An
ad rebting to iU5ill'anCe; amending, revismg 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, M. Diane Koken, Insurance Commissioner of the Commonwealth of Pennsylvania, do
hereby certliy, in accordance with Section I, ofthe Act of Assembly approved June 29,1923 and known as act
Nu. 373 oflhe Laws of 1923, that the Western Surety Company, of Sioux Falls, SD, 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, organizati(m, or public officer.
In Witness Whereof, I have hereunto set my hand and
al1ixed my official seal, the day and year first above written.
~~~~
_______..10- _____~____..__~~____.__'___________
Insurance Commissioner
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WESTERN SURETY COMPANY
Sioux Falls, South Dakota
Statement of Condition and Affairs
December 31,2005
ASSETS
$678,412,043
22,525,302
47,765,940
1,507
32,146,648
3.,I69,&53
32,286,711
o
13,772,467
1,527,787
9,085,621
6.513.670
$847,206,749
Bonds
Stocks
Cash & short-term investments
Other invested assets
Uncollected prj;:miums and agents' balances
Amounts recoverable from reinsurers
Funds held by or deposited with reinsured companies
Federal income tax recoverable
Net deferred tax asset
Electronic data processing equipment and software
Investment income due and accrued
Other assets
Total Assets
LIABILITIES AND SURPLUS
Losses
Reinsurance payable on paid loss and loss adjustment
expenses
Loss adjustment expense
Contingent and other commissions payable
Other expense
Taxes, licenses and fees
Unearned premiums
Retroactive reinsurance reserve assumed
Other liabilities
Total Liabilities
$221,380,311
o
41,624,973
3,230,519
15,610,835
3,23-7,228
228,950,264
8,548,626
49.468.4] 3
572,051,169
Surplus Account:
Capital paid up
Gross paitl. in and contributed surplus
Unassigned funds
Surplus as regards policyholders
Total Liabilities and Capital
$4,000,000
176,435,2}2
94.720.348
$275,155,580
$847,206,749
I, Phil Lundy, Vice President and Treasurer of Western Surety Company hereby certifY that the above is
an exact copy ofthe financial statement of the Company dated December 31,2005, as filed with the
various Insurance Departments and is a true and correct statement of the condition of Western Surety
Company as ofthat date.
KATHRYN J. SCHROEDER
~1lp1'''''' PUBUC~
~ 8ClUTH DAKOTA ~
Western Surety Company
By
Subscribed and sworn to me this
My commission expires:
KATHRYNJ.SCHROEDER
My Commission Expires 7-21-2009
7th
day of
March , 2006.
Not~~ck'~