HomeMy WebLinkAbout02-2233COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2002
Whereas, the AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, located at
Reading, PA, has filed in this Department a certified copy of its charter and a detailed statement of its Assets
and Liabilities, and otherwise complied with thc requirements of Section 661 of the Act of Assembly of the
Commonwealth of Pennsylvania, entitled "An act relating to insurance; amending, revising and consolidating
thc Law &c.," approved the 17t~ day of May, A.D. 1921, as well as with the requirements of thc 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 American Casualty Company of Reading, Pennsylvania, of Reading,
PA, 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 f~rst above written.
Insurance Commissioner
CNA INSURANCE COMPANIES
AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA
STATEMENT OF ASSETS AND LIABILITIES
December 31, 2001
ASSETS:
Cash
Short-term investments (principally U.S. Government Obligations)
United States Government obligations
Other public bonds
Industrial and miscellaneous bonds
Preferred stocks
Common stocks of affiliated companies
Other common stocks
Real Estate
Premiums and agents' balances in course of collection
Premiums, agents balances and installments booked but
deferred and not yet due
Accrued retrospective premiums
Accrued interest dividends and rents
Other Assets
Admitted Assets
LIABILITIES:
(12,919,136)
5,819,067
170,176,498
338,091,347
324,269,914
0
294,563,016
625,000
0
36,317,087
36,671,136
7,660,953
11,081,515
75~904,033
1,288~260,430
Unearned premium reserve
Reserve for loss and loss adjustment expense
Reserve for taxes, licenses and fees {including federal income taxes)
Other Liabilities
Total Liabilities
SURPLUS:
$ 176,484,623
619,021,784
9,917,034
301530~313
$ 835,953,754
Capital paid up ($5.00 par value)
Shares authorized: 2,000,000 issued: 840,000
Surplus
Surplus as Regards Policyholders
Total
$ 48,573,819
40317321858
45213061676
$ 1~288,260,430
Failure of items to add to totals shown is due to rounding.
State of Illinois )
) ss
County of Cook)
On this 10th day of April, 2002, before me came Lawrence J. Boysen and Jerry F. Sliwa, known
to me personally to be the Senior Vice President and the Assistant Vice President, respectively, of the
American Casualty Company of Reading, Pennsylvania being fully sworn, certify and attest that the foregoing
statement is a true and correct statement of the assets and liabilities of the said company as of the date
shown in the statement.
Jerry F. Sliwa, ~s~tant Vice President
Notary Public
· "OFFICIAL SEAL"
· LISA R. WCOD
· Notary Pub![c, State of Illinois
My Commission E;:~ires 8/9/03
~D 0