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Selective Insurance Company of America <br />SELECTIVE® 40 Wantage Avenue BondNo.B 1182790 <br />Branchville, New Jersey 07890 <br />973-948-3000 <br />STATEMENT OF FINANCIAL CONDITION Public Bid <br />I hereby certify that the following information is contained in the Annual Statement of Selective Insurance Company of <br />America ("SICA") to the New Jersey Department of Banking and Insurance as of December 31, 2015: <br />ADMITTED A$ Tye do thousan&) <br />LIABILITIES AND SURPLUS (in <br />thousands); <br />Bonds <br />$1,393,180 <br />Reserve for losses and loss expenses <br />$944,610 <br />Preferred stocks at convention value <br />0 <br />Reserve for unearned premiums <br />329,223 <br />Provision for unauthorized <br />Common stocks at convention values <br />150,204 <br />reinsurance <br />945 <br />Subsidiary common stock at <br />Commissions payable and <br />convention values <br />0 <br />contingent commissions <br />28,717 <br />Short-term investments <br />73,117 <br />Other accrued expenses <br />24,235 <br />Mortgage loans on real estate <br />(including collateral loans) <br />Other invested assets <br />Interest and dividends due or accrued <br />Premiums receivable <br />Other admitted assets <br />Total admitted assets <br />35,163 Other liabilities 292.165 <br />58,548 Total liabilities 1,619,895 <br />13,287 <br />318,478 Surplus as regards policyholders 520,777 <br />98,695 <br />Total liabilities and surplus as <br />140.67 regards policyholders L 2 <br />I further certify that the following is a true and exact excerpt from Article VII, Section I of the By -Laws of SICA, which is <br />still valid and existing. <br />The Chairman of the Board, President, Chief Executive Officer, any Executive Vice President, <br />any Senior Vice President or any Corporate Secretary may, from time to time, appoint attorneys <br />in fact, and agents to act for and on behalf of the Corporation and they may give such appointee <br />such authority, as his/her certificate of authority may prescribe, to sign with the Corporation's <br />name and seal with the Corporation's seal, bonds, recognizances, contracts of indemnity and <br />other writings obligatory in the nature of a bond, recognizance or conditional undertaking, and <br />any of said Officers may, at any time, remove any such appointee and revoke the power and <br />authority given him/her. <br />IN WITNESS WHEREOF, I hereunto subscribe my name and <br />STATE OF NEW JERSEY : <br />:ss. Branchville <br />COUNTY OFSUSSEX <br />acknowledged himself to be the Corporate Secretary of <br />to do, executed the foregoing instrument for the purpose <br />himself as Corporate Secretary. <br />RE <br />as si <br />I by <br />My Commission ExpWai' 41wn9nYNiflym Iee !dvj Iw <br />1iiiSuDuAllnhffldW.termV-'rii,��, <br />