HomeMy WebLinkAbout02-1901COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
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Harrisburg, PA April 1, 2002
Whereas, the UNITED STATES FIDELITY AND GUARANTY INSURANCE COMPANY, located at
Baltimore, MD, 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 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 United States Fidelity and Guaranty Insurance Company, of
Baltimore, MD, 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.
Commissioner
Financial Statement - December 2001
United States Fidelity and Guaran Company
Assets
Liabilities~ Surplus & Other Funds
Bonds
Stocks
Mortgage Loans
Real Estate
Cash
Short Term Investments
Other Invested Assets
Receivable for Securities
Agents' Balances
Funds held dep. with Reins Co.
Amts billed/rec, under high ded. Policies
Reinsurance Recoverable
Fed. and Foreign Income Tax Recoverable
Accrued Interest & Dividends
Receivable from Affiliates
Equity/Deposits/Pools & Assoc.
Other Assets
$3,855,562,714 Losses $2,035,043,301
480,784,656 Reins. Payable on Paid Losses 5,475,212
127,610,769 Loss Adjustment Expense 603,360,290
97,774,431 Contingent Commissions 13,217,044
5,576,475 Other Expenses 44,773,875
95,963,878 Taxes, Licenses and Fees 29,948,309
122,096,484 Unearaed Premiums 331,106,258
198,062 Dividends Unpaid - Policyholders 7,423,860
132,803,554 Ceded Reinsurance Premiums Payable 41,260,500
132,412,732 Fund Held - Reins. Treaties 3,761,575
3,661,718 Funds Withheld 118,251
58,084,548 Provision for Reinsurance 37,211,984
47,005,045 Adjustment for Foreign Exchange 1,504,159
63,528,239 Drafts Outstanding 3,842,403
17,833,939 Payable to Affiliates 120,321,560
22,650,499 Payable for Securities 11,252,810
619,861 Other Liabilities 114,913,105
TOTAL LIABILITIES
Capital Paid Up 70,579,288
Surplus 1,789,053,822
Surplus as Regards Policyholders
TOTAL ASSETS
$5:264.167.605 TOTAL LIABILITIES & SURPLUS
3,404,534,495
1,859,633,110
$5-264.167,605
Securities carried at $371,043,074 in the foregoing statement, are deposited as required by law.
STATE OF MINNESOTA
COUNTY OF RAMSEY
SS
Sheila M. Brown, Assistant Vice President - Financial Reporting, of the United States Fidelity and Guaranty Company, being duly
sworn, deposes and says that she is the above described officer of said company; that said company is a corporation duly organized,
existing and engaging in business as a surety company under and by virtue of the laws of the State of Maryland, and has duly
complied with all requirements of the laws of said state applicable to said company and is duly qualified to act as surety under such
laws; that the above is a true statement of the assets and liabilities of said company of the 31st day of December, 2001.
Subscribed and swom to before me this 15t~ day of March, 2002.
- ' '~'~eei'~"l~. Brown~'~ss~stant Vi'ce President - Fina~
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