West Virginia Offices of the Insurance Commissioner 2009 Annual ...

WEST VIRGINIA
OFFICES OF THE INSURANCE COMMISSIONER
SCHEDULE OF NET ASSETS
WORKERS' COMPENSATION INFORMATION
June 30, 2009
(In Thousands)
WC Old Fund Coal Workers' Uninsured Self-Insured Private Carrier
Debt Reduction Pneumoconiosis Fund Funds Fund Total
Assets:
Current Assets:
Cash and Cash
Equivalents 800,819 224,405 8,590 6,971 - 1,040,785
Receivables, Net:
Statutory Allocations 8,633 - - - - 8,633
Assessments - 104 - - 104
Employer Surcharge 8,903 - - - - 8,903
Premiums 2,255 - - - - 2,255
Surplus Note 43,500 - - - - 43,500
Other 51 - - 51
Total Current
Assets 864,161 224,405 8,694 6,971 - 1,104,231
Total Assets 864,161 224,405 8,694 6,971 - 1,104,231
Liabilities:
Current Liabilities:
Estimated Liability for
Unpaid Claims and
Claim Adjustment
Expense 234,700 10,500 300 - - 245,500
Excess Deposits - - - - - -
OPEB Liability 81 - - - - 81
Accrued Expenses and
Other Liabilities 163 3 2 53 - 221
Total Current
Liabilities 234,944 10,503 302 53 - 245,802
Noncurrent Liabilities:
Estimated Liability for
Unpaid Claims and
Claim Adjustment
Expense 1,928,800 137,400 3,800 400 - 2,070,400
Total Noncurrent
Liabilities 1,928,800 137,400 3,800 400 - 2,070,400
Total Liabilities 2,163,744 147,903 4,102 453 - 2,316,202
Net Assets:
Restricted for:
Coal Workers'
Pneumoconiosis - 76,502 - - - 76,502
Uninsured Fund - - 4,592 - - 4,592
Self-Insured Fund - - - 6,518 - 6,518
Private Carrier Guaranty
Fund - - - - - -
Unrestricted (1,299,583) - - - - (1,299,583)
Total Net Assets (1,299,583) 76,502 4,592 6,518 - (1,211,971)
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