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DocuSign Envelope ID:80E6DOFD-F56E-4105-9012-5C726351A08C
<br /> PI-IILADELPHIA IN1)EMNiTY INSURANCE COMPANY
<br /> Statutory Statements of Admitted Assets,Liabilities and Capital and Surplus
<br /> (in thousands,except par value and share amounts)
<br /> Admitted Assets As of December 31,
<br /> 2021 2020
<br /> )fonds(fair value$8.447.694 and$8,041.2631 S 8.102,442 $ 7.601.946
<br /> Preferred stocks(fair value$19.162 and$16,5371 19,262 15.673
<br /> Common stocks(cost S44Q23 and$52,609) 43,194 43,373
<br /> Mortgage loans 957,986 821.250
<br /> Real estate 29,408 29,973
<br /> Other invested assets(cost$194.229 and$203.028) 218,9 26 215,589
<br /> Receivables for securities cold 152 943
<br /> Cash,cash equivalents and short-lemt investments _128,587 34,279
<br /> Cash and invested assets 9,499,957 8,763,026
<br /> Premiums receivable,agents'balances and other receivables 914,676 908,602
<br /> Reinsurance recoverable on paid loss and loss adjustment expenses 45,200 38,737
<br /> Accrued investment income 74,1100 74,070
<br /> Receivable front affiliates 5,171 7,586
<br /> Federal income taxes receivable 8,144
<br /> Net deferred tas assets 141,943 138,129
<br /> Other assets 9 953 4,997
<br /> Total admitted assets S__ 10,699,94' $,__.__9,935 147
<br /> Liabilities and Capital and Surplus
<br /> Liabilities:
<br /> Unpaid loss and Ic>_ss adjustment expenses $ 5,436,808 $ 5,218,304
<br /> Unearned premiums 1,658.339 1,582,116
<br /> Reinsurance payable on paid loss and loss adjustment expenses 35,820 30,398
<br /> Ceded reinsurance premiums payable 130,474 108,936
<br /> Commissions payable,contingent commissions and other similar charges 228,628 214,389
<br /> Federal income taxes payable - 8,480
<br /> Funds held 77,317 77,256
<br /> Payable to affiliates 19,465 18,486
<br /> Provision for reinsurance 471 87
<br /> Payable for securities purchased 19,045 17,820
<br /> Accrued expenses and other liabilities 47,213 32.170
<br /> Total liabilities 7,653,580 7,308,442
<br /> Capital:
<br /> Common stock.par value of S I0 per share;1,000,000 shares
<br /> authorized,450,000 shares issued and outstanding 4,500 4,500
<br /> Surplus:
<br /> Gross paid-in and contributed surplus 386,071 386,071
<br /> Unassigned surplus 2,654,893 2.236,134
<br /> Total surplus 3,040.964 2.622,205
<br /> Total capital and surplus 3,045,464 2-626.705
<br /> Total liabilities and capital and surplus $ 10,699,044 $ 9.935,147
<br /> The undersigned, being duly sworn, says:That she is the Executive Vice President and Chief Financial Officer of
<br /> Philadelphia Indemnity Insurance Company; that said Company is a corporation duly organized in the state of
<br /> Pennsylvania,and licensed and engaged in the State of Pennsylvania and has duly complied with all the requirements
<br /> of t ,laws4s ,the said State applicable of the said Company and is duly qualified to act as Surety under such laws;
<br /> �x ., .•, 8CTob ,pas also complied with and is duly qualified to act as Surety under the Act of Congress. And that
<br /> b rof.b bavledge and belief the above statement is a full,true and correct statement of
<br /> Ite
<br /> x' • )? •; �DocuSlpnsd by:
<br /> a _ ciello, VP&CFO
<br /> `�1b *a• eh11X1r.V%' k•' O
<br /> fly om tV•bed sut this 2nd day of June 2022. J
<br /> '`rrrbrwrrt5 rly Kcssl 1,
<br /> Commonwealth of Pennsylvania-Notary Seal
<br /> KimberlyA.Kessleski,Notary Public
<br /> Montgomery County
<br /> My commission expires December 18,2024
<br /> Commission number 1245769
<br /> Member,Pennsylvania Association of Notaries
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