HomeMy WebLinkAbout02-2437COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2002
Whereas, the FEDERAL INSURANCE COMPANY, located at Indianapolis, IN, 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. 1,921, as well as with thc requirements of thc laws of this Commonwealth
applicable to such company in doing business herein.
Now Therefore, I, M. Diane Kokeu~ 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 Federal Insurance Company, of Indianapolis, IN, 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
FEDERAL INSURANCE COMPANY
STATEMENT OF ASSETS, LIABILITIES AND SURPLUS TO POLICYHOLDERS
Statutory Basis
DECEMBER 31, 2001
(in thousands of dollars)
ASSETS
Cash and Short Term Investments ............. $ 286,864
United States Government, State and
Municipal Bonds ...................................... 6,637,818
Other Bonds ............................................... 2,065,714
Stocks ......................................................... 154,077
Other Invested Assets ................................ 310,479
LIABILITIES
AND
SURPLUS TO POLICYHOLDERS
Outstanding Losses and Loss Expenses ..... $ 6,847,940
Unearned Premiums .................................... 2,176,526
Reinsurance Premiums Payable .................. 316,252
Provision for Reinsurance ............................ 120,533
Other Liabilities ............................................. 432,719
TOTAL INVESTMENTS ........................... 9,454,952 TOTAL LIABILITIES ................................... 9~893~970
investments in Affiliates:
Pacific Indemnity Company ...................... 557,481
Chubb Investment Holdings, Inc .............. 408,853
Executive Risk Indemnity Inc ................... 321,690
Chubb Insurance Company of Europe ..... 154,545
Groat Northern Insurance Company ........ 143,531
CC Canada Holdings Ltd ......................... 81,068
Vigilant Insurance Company .................... 66,647
Other Affiliates .......................................... 315,612
Premiums Receivable ................................. 1,051,587
Other Assets ............................................... 864,324
Capital Stock ................................................ 20,980
Paid-In Surplus ............................................. 1,174,928
Unassigned Funds ....................................... 2,330,412
SURPLUS TO POLICYHOLDERS ............ 3,526,320
TOTALADMITTED ASSETS .................... $ 13,420,290
TOTAL LIABILITIES AND SURPLUS
TO POLICYHOLDERS ........................... $ 13,420,290
investments are valued in accordance with requirements of the National Association of Insurance Commissioners.
Investments valued at $36,724 aro deposited with government authorities as required by law.
A CORRECT STATEMENT:
Karen A. Price
Notary Public State o! New Jersey
No. 2231647
Commission Expires Oct. 28, 200~
Assistant Secretary~
F~m 27-10-0073 (Rev. 4-02)