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    Discharged Insurance Company

    Rockwood Insurance Company

    Assets and Liabilities

     

    Rockwood Insurance Company -Licensed Company
    Estimated Net Assets Available and Estimated Liabilities - As of 06/30/21
    Estimated Net Assets Available $104,118,371
    Includes early access distributions to Guaranty
    Associations of $44,521,008
    		 
    Estimated Liabilities
    Priority Class See Footnote 1
    A$43,450,941
    Less:
    Liquidation Expenses Paid
    		$(6,490,223)
    B$340,817,006
    C
    D$65,000
    E$201,508
    F$594,963
    G$11,013
    H
    I
    Known but unevaluated claims
    Total Estimated Remaining Unpaid Liabilities$378,650,208
     
    Estimated Surplus (Deficit)$(274,531,837)
     


    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.

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