HomeMy WebLinkAbout02-1902COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
7lo. 02./qo.
Itarrisburg, PA April 1, 2002
Whereas, the ST. PAUL FIRE AND MARINE INSURANCE COMPANY, located at St. Paul, MN,
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 St. Paul Fire and Marine Insurance Company, of St. Paul, MN, 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.
Insurance Commissioner
Financial Statement - December 31~ 2001
Assets
St. Paul Fire and Marine Insurance Company
Bonds
Stocks
Real Estate
Cash on Hand/Deposit
Short Term Investments
Other Invested Assets
Receivable for Securities
Agents' Balances
Funds held dep. with Reins Co.
Amts billed/rec'd under high ded. Policies
Reinsurance Recoverable
Fed. and foreign income tax recoverable
Guaranty Funds Receivable
EDP Equipment
Accrued Interest & Dividends
Receivable from Affiliates
Equity/Deposits/Pools & Assoc.
Other Assets
Liabilities~ Surplus & Other Funds
$ 6,823,230,999 Losses $ 6,818,922,768
4,222,614,901 Reins. Payable on Paid Losses 39,347,742
699,908,500 Loss Adjustment Expenses 1,596,300,401
33,012,305 Contingent Commissions 56,891,672
531,963,301 Other Expenses 102,287,926
1,056,112,012 Taxes, Licenses and Fees 69,252,283
34,603,995 Unearned Premiums 2,051,341,080
1,772,347,244 Dividends Unpaid - Policyholders 26,965,810
121,538,511 Ceded reinsurance premiums payable 171,794,999
73,014,764 Fund Held - Reins. Treaties 214,390,873
190,397,070 Funds Withheld 182,348,312
324,959,801 Remittances and items not allocated 55,635,225
8,946,868 Provision for Reinsurance 187,841,512
19,990,005 Adjustment for Foreign Exchange 75,715,686
116,553,028 Drafts Outstanding 213,621,808
239,696,861 Payable to affiliates 70,779,375
45,933,563 Payable for Securities 75,648,249
135,693,995 Other Liabilities 297,845,605
Special Reserve-Guaranty Fund 1,000,000
TOTAL LIABILITIES
Guaranty Surplus Fund 1,000,000
Capital Paid Up 20,000,000
Surplus 4,121,586,393
TOTAL ASSETS
$16.450.517.720
Surplus as Regards Policyholders
TOTAL LIABILITIES & SURPLUS
Securities carried at $1,151,107,406 in the foregoing statement, are deposited as required by law.
STATE OF MINNESOTA
COUNTY OF RAMSEY
SS
12,307,931,327
4,142,586,393
$16.450.517,720
Sheila M. Brown, Assistant Vice President - Financial Reporting, of the St. Paul Fire and Marine Insurance 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 Minnesota, 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 tree statement of the assets and liabilities of said company of the 31 st day of December, 2001.
Subscribed and sworn to before me this 15th day of March, 2002
Sheila M. Brown, Assistant Vice President - Fin?racial Reporting
d\ir~stat\deptcomm\paul\ 1201 f&m.doc