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Reliance Insurance Co. of Illinois
311 S. Wacker Drive, Suite 3700, Chicago, Ill. 60606; 312-554-3200; fax: 312-554-3223
www.reliancenational.com
1997 1996
Gross premiums $356,811,524 $296,765,781
Non-admitted $305,604,293 $259,948,439
Commercial risks 85.6% 87.6%
Net premiums $19,651,979 $17,195,237
Paid-in capital $4,100,000 $4,100,000
Policyholder
surplus $42,955,502 $36,248,196
Combined ratio 1 102.3% 110%
Combined ratio 2 102.5% 110.2%
Net income $3,259,375 $1,777,675
Best's rating A-p A-p
S&P's rating A A
Figures reported on a pooling basis.
Founded: 1972.
Parent: Reliance Insurance Co.
Approved non-admitted in: All states, excluding Illinois.
Admitted in: Illinois.
Officers: Robert Olsman, chairman/president; Jerome Carr, senior vp/treasurer/CFO; Kenneth Frohlich, senior vp/chief actuary; Linda Kaiser, senior vp/general counsel/secretary; Robert Krisowaty, senior vp/controller.