BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS: R

R

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.