THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY
Consolidated Statements of Financial Position (Unaudited)
(In millions, except per share data)
June 30 December 31,
1994 1993
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Assets:
Cash $ 14.0 $ 7.3
Short-term investments, at cost 35.7 53.8
Fixed maturities, at fair value
(cost - $168.8; $146.7) 167.6 154.9
Equity securities, at fair value
(cost - $201.5; $236.8) 226.6 290.0
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Total cash and invested assets 443.9 506.0
Insurance premiums receivable 70.6 68.5
Engineering services receivable 73.0 79.0
Fixed assets 62.1 64.3
Participation in pools and associations 8.6 8.4
Prepaid acquisition costs 28.9 30.0
Capital lease 17.9 18.3
Reinsurance recoverable 43.7 44.5
Other assets 67.4 58.9
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Total assets $ 816.1 $ 877.9
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Liabilities:
Unearned insurance premiums $ 163.3 $ 169.3
Claims and adjustment expenses 195.9 214.4
Short-term borrowings 36.2 42.7
Long-term borrowings 0.7 0.7
Capital lease 27.8 27.7
Deferred income taxes (5.4) 6.9
Dividends payable 10.8 10.9
Employee stock ownership plan 2.7 3.7
Other liabilities 84.4 76.9
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Total liabilities 516.4 553.2
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Shareholders' equity:
Common Stock (stated value; shares authorized
50.0; shares issued 21.3; shares
outstanding 20.5; 20.5) 10.0 10.0
Additional paid-in capital 34.0 33.9
Unrealized investment gains, net of tax 18.1 44.2
Retained earnings 284.8 280.4
Treasury stock, at cost; (shares .8; .8) (39.9) (35.7)
Benefit plans (7.3) (8.1)
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Total shareholders' equity 299.7 324.7
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Total liabilities and
shareholders' equity $ 816.1 $ 877.9
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Shareholders' equity per share $14.64 $15.80
See Notes to Consolidated Financial Statements.
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