THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY
Consolidated Statements of Financial Position
(In millions, except per share data)
September 30 December 31,
1994 1993
Unaudited
Assets:
Cash $ 6.7 $ 7.3
Short-term investments, at cost 66.8 53.8
Fixed maturities, at fair value
(cost - $164.0; $146.7) 161.6 154.9
Equity securities, at fair value
(cost - $183.0; $236.8) 213.0 290.0
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Total cash and invested assets 448.1 506.0
Insurance premiums receivable 62.8 68.5
Engineering services receivable 72.3 79.0
Fixed assets 60.9 64.3
Participation in pools and associations 8.6 8.4
Prepaid acquisition costs 30.6 30.0
Capital lease 17.7 18.3
Reinsurance recoverable 37.4 44.5
Other assets 74.0 58.9
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Total assets $ 812.4 $ 877.9
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Liabilities:
Unearned insurance premiums $ 165.6 $ 169.3
Claims and adjustment expenses 187.1 214.4
Short-term borrowings 31.1 42.7
Long-term borrowings 0.6 0.7
Capital lease 27.8 27.7
Deferred income taxes (3.0) 6.9
Dividends payable 11.3 10.9
Employee stock ownership plan 2.2 3.7
Other liabilities 85.9 76.9
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Total liabilities 508.6 553.2
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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 20.6 44.2
Retained earnings 285.9 280.4
Treasury stock, at cost; (shares .8; .8) (40.2) (35.7)
Benefit plans (6.5) (8.1)
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Total shareholders' equity 303.8 324.7
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Total liabilities and
shareholders' equity $ 812.4 $ 877.9
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Shareholders' equity per share $14.85 $15.80
<FN>
See Notes to Consolidated Financial Statements.
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