Insurance Regulatory Filing (03/31/2025)
PROPERTY AND CASUALTY COMPANIES - ASSOCIATION EDITION
QUARTERLY STATEMENT
AS OF
OF THE CONDITION AND AFFAIRS
WesteSurety Company
NAICGroupCode02180218NAICCompanyCode13188Employer'sIDNumber46-0204900
(Current) (Prior)
OrganizedundertheLawsofSD,StateofDomicileorPortofEntrySDCountryofDomicileUnitedStatesofAmericaIncorporated/Organized
StatutoryHomeOffice101S.ReidStreet,SiouxFalls,SD,US57103(StreetandNumber)(CityorTown,State,CountryandZipCode)
MainAdministrativeOffice151N.FranklinStreet(StreetandNumber)
(City or Town, State, Country and
MailAddress151N.FranklinStreet,
PrimaryLocationofBooksandRecords151N.FranklinStreet(StreetandNumber)
(City or Town, State, Country and
Internet Website Address https://www.cna.com Statutory Statement Contact
(
[email protected] , 312-260-4376 (E-mail Address) (FAX Number)
Chairman of the Board, President & Chief
OFFICERS
Executive Vice President &
ExecutiveOfficerDouglasMerleWormanExecutiveVicePresident&
General Counsel SusanAnnStone
ChiefFinancialOfficerScottRobertLindquist
EVP & Chief Administrative Officer
EVP & Chief Actuary
EVP & Chief Information Officer, Analytics & Operations
OTHER
EVP & Chief Human Resources Officer
President, Global Management & Professional Liability
EVP,
Head of Global Distribution
President & Chief Executive Officer,
SVP, Deputy General Counsel & Secretary
President, Global Casualty
Karen Ruth Keniff, President,
SVP & Chief Accounting Officer
DIRECTORS OR TRUSTEES
Daniel Paul Franzetti Robert Joseph Hopper Scott Robert Lindquist
Stateof
SS:
The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement.
DOUGLAS MERLE WORMAN STATHY DARCY SCOTT ROBERT LINDQUIST
Chairman of the Board, President & Chief Executive Officer
Senior Vice President, Deputy General Counsel & Secretary
Executive Vice President & Chief Financial Officer
a. Is this an original filing? ...................... Yes [ X ] No [ ]
Subscribed and swoto before me this b. If no,
6thdayofMay,20251.Statetheamendmentnumber........
-
Date filed ........................................
-
Number of pages attached............
Yolanda Jimenez
ASSETS
|
Current Statement Date |
4 |
|||
|
1 Assets |
2 Nonadmitted Assets |
3 Net Admitted Assets (Cols. 1 - 2) |
||
|
. 1,997,324,332 |
. 0 |
. 1,997,324,332 |
. 1,977,426,497 |
|
. 10,249,230 |
. 0 |
. 10,249,230 |
. 0 |
|
|
. 14,405,963 |
. 0 |
. 14,405,963 |
. 14,281,828 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 84,675,597 |
. 0 |
. 84,675,597 |
. 55,103,010 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 2,106,655,121 |
. 0 |
. 2,106,655,121 |
. 2,046,811,335 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 16,515,029 |
. 0 |
. 16,515,029 |
. 17,819,818 |
|
|
. 101,728,398 |
. 18,226,765 |
. 83,501,633 |
. 77,340,549 |
|
|
. 6,325,728 |
. 632,573 |
. 5,693,155 |
. 6,804,256 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 2,053,463 |
. 0 |
. 2,053,463 |
. (4,320,189) |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 21,058,093 |
. 952,340 |
. 20,105,752 |
. 18,694,198 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 18,383,112 |
. 0 |
. 18,383,112 |
. 11,631,758 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 529,801 |
. 158,290 |
. 371,511 |
. 580,233 |
|
|
. 2,273,248,745 |
. 19,969,968 |
. 2,253,278,777 |
. 2,175,361,957 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
2,273,248,745 |
19,969,968 |
2,253,278,777 |
2,175,361,957 |
|
|
DETAILS OF WRITE-INS |
||||
|
1101. ...................................................................................................................... |
.................................... |
.................................... |
.................................... |
.................................... |
|
1102. ...................................................................................................................... |
.................................... |
.................................... |
.................................... |
.................................... |
|
1103. ...................................................................................................................... |
.................................... |
.................................... |
.................................... |
.................................... |
|
1198. Summary of remaining write-ins for Line 11 from overflow page ................... |
. 0 |
. 0 |
. 0 |
. 0 |
|
1199. Totals (Lines 1101 through 1103 plus 1198)(Line 11 above) |
0 |
0 |
0 |
0 |
|
2501. Miscellaneous receivable ............................................................................ |
. 371,511 |
. 0 |
. 371,511 |
. 580,233 |
|
2502. Prepaid expenses ......................................................................................... |
. 158,290 |
. 158,290 |
. 0 |
. 0 |
|
2503. ....................................................................................................................... |
.................................... |
.................................... |
.................................... |
.................................... |
|
2598. Summary of remaining write-ins for Line 25 from overflow page ................... |
. 0 |
. 0 |
. 0 |
. 0 |
|
2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above) |
529,801 |
158,290 |
371,511 |
580,233 |
LIABILITIES, SURPLUS AND OTHER FUNDS
|
1 Current Statement Date |
2 |
|
|
. 282,279,886 |
. 264,641,145 |
|
. 0 |
. 0 |
|
|
. 58,603,720 |
. 56,935,932 |
|
|
. 8,702,160 |
. 13,946,448 |
|
|
. 0 |
. 0 |
|
|
. 3,933,045 |
. 4,432,923 |
|
|
. 9,159,985 |
. 711,402 |
|
|
. 0 |
. 0 |
|
|
. 0 |
. 0 |
|
|
. 361,957,999 |
. 339,078,542 |
|
|
. 4,202,051 |
. 6,415,557 |
|
|
. 0 |
. 0 |
|
|
. 0 |
. 0 |
|
|
. 6,180,876 |
. 2,586,994 |
|
|
. 0 |
. 0 |
|
|
. 3,928,497 |
. 3,710,405 |
|
|
. 25,813 |
. 31,971 |
|
|
. 387,964 |
. 387,964 |
|
|
. 0 |
. 0 |
|
|
. 0 |
. 0 |
|
|
. 38,675 |
. 5,975 |
|
|
. 0 |
. 0 |
|
|
. 2,723,698 |
. 0 |
|
|
. 0 |
. 0 |
|
|
. 0 |
. 0 |
|
|
. 0 |
. 0 |
|
|
0 |
0 |
|
|
742,124,369 |
692,885,257 |
|
|
. 0 |
. 0 |
|
|
. 742,124,369 |
. 692,885,257 |
|
|
. 0 |
. 0 |
|
|
. 4,000,000 |
. 4,000,000 |
|
|
. 0 |
. 0 |
|
|
. 0 |
. 0 |
|
|
. 0 |
. 0 |
|
|
. 286,896,195 |
. 286,896,195 |
|
|
. 1,220,258,213 |
. 1,191,580,505 |
|
|
. 0 |
. 0 |
|
|
0 |
0 |
|
|
1,511,154,408 |
1,482,476,700 |
|
|
2,253,278,777 |
2,175,361,957 |
|
|
DETAILS OF WRITE-INS |
||
|
2501. .................................................................................................................................................................................................... |
.................................... |
.................................... |
|
2502. .................................................................................................................................................................................................... |
.................................... |
.................................... |
|
2503. .................................................................................................................................................................................................... |
.................................... |
.................................... |
|
2598. Summary of remaining write-ins for Line 25 from overflow page .............................................................................................. |
. 0 |
. 0 |
|
2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above) |
0 |
0 |
|
2901. .................................................................................................................................................................................................... 2902. .................................................................................................................................................................................................... 2903. .................................................................................................................................................................................................... 2998. Summary of remaining write-ins for Line 29 from overflow page .............................................................................................. 2999. Totals (Lines 2901 through 2903 plus 2998)(Line 29 above) |
.................................... .................................... .................................... . 0 0 |
.................................... .................................... .................................... . 0 0 |
|
3201. .................................................................................................................................................................................................... 3202. .................................................................................................................................................................................................... 3203. .................................................................................................................................................................................................... 3298. Summary of remaining write-ins for Line 32 from overflow page .............................................................................................. 3299. Totals (Lines 3201 through 3203 plus 3298)(Line 32 above) |
.................................... .................................... .................................... . 0 0 |
.................................... .................................... .................................... . 0 0 |
|
1 Current Year to Date |
2 Prior Year to Date |
3 Prior Year Ended |
|
|
UNDERWRITING INCOME
|
. 120,277,874 |
. 116,827,395 |
. 499,119,720 |
|
. 1,297,759 |
. 1,323,963 |
. 5,277,966 |
|
|
. 7,841,721 |
. 5,973,109 |
. 29,759,413 |
|
|
. 113,733,912 |
. 112,178,248 |
. 474,638,273 |
|
|
. 26,230,285 |
. 22,379,482 |
. 76,838,483 |
|
|
. 185,299 |
. 260,490 |
. 675,924 |
|
|
. 1,699,971 |
. (753,657) |
. 5,825,716 |
|
|
. 24,715,613 |
. 23,393,629 |
. 71,688,691 |
|
|
. 5,125,256 |
. 2,042,781 |
. 17,095,344 |
|
|
. 69,491,268 |
. 67,893,504 |
. 267,592,742 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 99,332,137 |
. 93,329,914 |
. 356,376,777 |
|
|
0 |
0 |
0 |
|
|
. 14,401,775 |
. 18,848,335 |
. 118,261,496 |
|
|
. 20,452,962 |
. 19,424,541 |
. 83,871,421 |
|
|
(48,601) |
(90,180) |
(684,131) |
|
|
. 20,404,360 . (371,950) . 0 0 |
. 19,334,361 . (333,108) . 0 4 |
. 83,187,290 . (1,826,957) . 0 (16) |
|
|
(371,950) |
(333,104) |
(1,826,973) |
|
|
. 34,434,186 |
. 37,849,592 |
. 199,621,813 |
|
|
0 |
0 |
0 |
|
|
. 34,434,186 |
. 37,849,592 |
. 199,621,813 |
|
|
8,448,583 |
8,172,670 |
41,695,330 |
|
|
25,985,603 |
29,676,922 |
157,926,483 |
|
|
1,482,476,700 |
1,473,250,152 |
1,473,250,152 |
|
|
. 25,985,603 |
. 29,676,922 |
. 157,926,483 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 616,780 |
. 34,703 |
. (526,841) |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 1,810,374 |
. (312,748) |
. 667,892 |
|
|
. 264,951 |
. 1,649,354 |
. (1,310,410) |
|
|
. 0 |
. 0 |
. (230,576) |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. (147,300,000) |
|
|
. 0 |
. 0 |
. 0 |
|
|
0 |
0 |
0 |
|
|
28,677,708 |
31,048,230 |
9,226,548 |
|
|
1,511,154,408 |
1,504,298,382 |
1,482,476,700 |
|
|
DETAILS OF WRITE-INS 0501. .............................................................................................................................................................. 0502. .............................................................................................................................................................. 0503. .............................................................................................................................................................. 0598. Summary of remaining write-ins for Line 5 from overflow page ........................................................... 0599. Totals (Lines 0501 through 0503 plus 0598)(Line 5 above) |
.................................... .................................... .................................... . 0 0 |
.................................... .................................... .................................... . 0 0 |
.................................... .................................... .................................... . 0 0 |
|
1401. Miscellaneous profit and (loss) items ............................................................................................. 1402. .............................................................................................................................................................. 1403. .............................................................................................................................................................. 1498. Summary of remaining write-ins for Line 14 from overflow page ......................................................... 1499. Totals (Lines 1401 through 1403 plus 1498)(Line 14 above) |
. 0 .................................... .................................... . 0 0 |
. 4 .................................... .................................... . 0 4 |
. (16) .................................... .................................... . 0 (16) |
|
3701. .............................................................................................................................................................. 3702. .............................................................................................................................................................. 3703. .............................................................................................................................................................. 3798. Summary of remaining write-ins for Line 37 from overflow page ......................................................... 3799. Totals (Lines 3701 through 3703 plus 3798)(Line 37 above) |
.................................... .................................... .................................... . 0 0 |
.................................... .................................... .................................... . 0 0 |
.................................... .................................... .................................... . 0 0 |
STATEMENT OF INCOME
.
CASH FLOW
|
Cash from Operations
|
1 |
2 |
3 |
|
Current Year |
Prior Year |
Prior Year Ended |
|
|
To Date |
To Date |
|
|
|
. 133,262,868 |
. 119,163,991 |
. 479,002,735 . 81,711,346 (16) |
|
|
. 20,971,968 |
. 20,293,008 |
||
|
0 |
4 |
||
|
154,234,836 |
139,457,003 |
560,714,065 |
|
|
. 13,450,524 |
. 9,864,173 |
. 45,596,988 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 78,853,205 |
. 77,160,965 |
. 284,040,064 |
|
|
. 0 |
. 0 |
. 0 |
|
|
0 |
0 |
41,813,484 |
|
|
92,303,729 |
87,025,138 |
371,450,536 |
|
|
61,931,107 |
52,431,865 |
189,263,529 |
|
|
. 11,399,888 . 0 . 0 . 0 . 0 . (112) 2,723,698 |
. 63,880,038 |
. 141,296,057 . 303,238 . 0 . 0 . 0 . (59) 14,770,000 |
|
|
. 0 |
|||
|
. 0 |
|||
|
. 0 |
|||
|
. 0 |
|||
|
. 0 |
|||
|
16,762,620 |
|||
|
. 14,123,474 |
. 80,642,658 |
. 156,369,236 |
|
|
. 30,183,995 |
. 116,828,780 |
. 181,057,054 |
|
|
. 10,000,000 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
|
|
0 |
0 |
0 |
|
|
40,183,995 |
116,828,780 |
181,057,054 |
|
|
0 |
0 |
0 |
|
|
(26,060,521) |
(36,186,122) |
(24,687,818) |
|
|
. 0 . 0 . 0 . 0 . 0 (6,297,999) |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
||
|
. 0 |
. 0 |
||
|
. 0 |
. 0 |
||
|
. 0 |
. 147,300,000 |
||
|
3,757,696 |
1,491,945 |
||
|
(6,297,999) |
3,757,696 |
(145,808,055) |
|
|
. 29,572,587 |
. 20,003,439 |
. 18,767,656 |
|
|
. 55,103,010 |
. 36,335,353 |
. 36,335,353 |
|
|
84,675,597 |
56,338,793 |
55,103,010 |
Note: Supplemental disclosures of cash flow information for non-cash transactions:
|
20.0001. Non-cash acquisition of bonds and stocks - cost ..................................................................... |
. 64,574 |
. 20,562 |
. 209,522 |
Attachments
Disclaimer



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