|
<br />~" I "I
<br />':- _1 Jertv
<br />If. ..... ,/.
<br />. i\'tth.UaL
<br />
<br />SAFECO INSURANCE COMPANY OF AMERICA
<br />
<br />FINANCIAL STATEMENT - DECEMBER 31, 2008
<br />
<br />Assets
<br />Cash and Bank Deposits ....,.,............................... $ 267,363,750
<br />'Bonds - U,S Govcrnment........,..................................., 13,359,352
<br />.Other Bonds .........,. ........ .,.... ......, ........ ............,.. ,.., 2,353,906,395
<br />'Stocks ............................................,....................... 281,831,749
<br />
<br />Real Estate..............,......................,.........,.......,..,.......... 0
<br />
<br />Agents' Balances or Uncollected Prcmiums.........,.......557,216,809
<br />
<br />Accrued Interest and Rents...................................,
<br />Other Admitted Assets...................,.......,...............
<br />
<br />34,037,369
<br />444.517.784
<br />
<br />Total Admitted Asscts ................................... S3 9!i2 233 lOll
<br />
<br />
<br />Lia bilities
<br />
<br />Unearned Premiums.......,..............................,....... $ 666,660,985
<br />Reserve for Claims and Claims Expcnsc ..,..,..,..........1.577,767,462
<br />Funds Held Under Reinsurance Treaties,....,......... 430,979
<br />Reserve for Dividends to Policyholders......,...,.......,...... 2,164,985
<br />Additional Statutory Reserve ........................,.,.....
<br />Reserve for Commissions, Taxes and
<br />Other Liabilities .................,.,.,.............,........,. 935.383.360
<br />Total........................................................... 53,128,407,771
<br />Special Surplus Funds...... $ 3,399,995
<br />Capital Stock...........,..............,..... 5,000,000
<br />Paid in Surplus..............,.......,......... 346,118,108
<br />Unassigned Surplus................... 415.307.334
<br />Surplus to Policyholders............................. 769.825.437
<br />Total Liabilities and Surplus.............................. $3.952233 20R
<br />
<br />· Honds are stated at amortized or investment value; Stocks at Association Market Values.
<br />Securities carried at $113,984,922 are deposited as required by law.
<br />
<br />I, TIM MIKOLAJEWSKI, Vice-President of SAFECO Insunmce Company of America, do hereby certify that the foregoing is a true, and
<br />correct statement of the Assets and Liabilities of said Corporation, as of December 31, 2008, to the best of my knowledge and belief.
<br />
<br />IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said Corporation at Seattle, Washington, this IsI day of
<br />March, 2009.
<br />
<br />S-1262. 3109
<br />
<br />.
<br />
<br />\1\-mA~~~A
<br />
<br />Vice-President
<br />
|