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<br />~ Liberty
<br />. ~ lViutual
<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 Premiums...,.....,....... 557,216,809
<br />
<br />Accrued Interest and Rents.....,................,......,..,..,
<br />Other Admitted Assets.........,.........,.,.....................
<br />
<br />34,037,369
<br />
<br />444.517.784
<br />
<br />Total Admitted Assets ................................... S3 9<;2 233 2011
<br />
<br />
<br />Liabilities
<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 />Rescrve 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........................................................... S3,1 28,407,771
<br />Special Surplus Funds...... $ 3,399,995
<br />Capital Stock................................ 5,000,000
<br />Paid in Surplus ................................346,118, I 08
<br />Unassigned Surplus................... 415.307.334
<br />Surplus to Policyholders............................. 769.825.437
<br />Total Liabilities and Surplus.............................. $3.952 233.208
<br />
<br />· Bonds are stated at amortizcd 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 1st day of
<br />March, 2009.
<br />
<br />5-1262.3109
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<br />nm^~~~A
<br />
<br />Vice-President
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