Westmoreland Casualty Company - Assets and Liabilities

Westmoreland Casualty Company-Licensed Company Estimated Net Assets Available and Estimated Liabilities - As of 06/30/20
Estimated Net Assets Available $137,146,228 Includes early access distributions to Guaranty Associations of $61,445,734
Estimated Liabilities
Priority Class See Footnote 1
A	$30,895,384
Less: Liquidation Expenses Paid - See Footnote 2	$(6,207,366)
B	$224,676,587
C
D
E	$3,230,782
F
G	$33,609
H
I
Known but unevaluated claims
Total Estimated Remaining Unpaid Liabilities	$252,628,996
Estimated Surplus (Deficit)	$(115,482,768)

The Financial Statement Disclosure is an integral part of this statement. It is necessary to read the disclosure to fully understand the statements.

Footnotes:

1 Priority Classes

The order of distribution of claims from the insurer's estate is set forth in detail in Article V of the Insurance Department Act of 1921 at 40 P.S. 22144. Briefly the classes are:

A Administrative expenses

B Claims for policy benefits

C Federal government claims

D Certain employee claims

E General creditor claims

F State and local government claims

G Late filed claims

H Surplus or contribution note claims

I Shareholder/owner claims.

2 Priority Class A - Administrative Expenses
Administrative expenses include both the Guaranty Associations expenses related to administering the claims of the companies in liquidation and the Liquidators expenses. As shown, the Liquidators expenses have been bracketed to indicate they have been paid and the net assets available were reduced by that amount. The net difference in this priority class, if any, represents administrative expenses incurred by the Guaranty Associations.