10701 Bridgefield Employers Insurance Company Property Ending December .

ANNUAL STATEMENTOF THEBridgefield Employers Insurance Companyofin the state ofTO THEInsurance DepartmentOF THESTATE OFFOR THE YEAR ENDEDDecember 31, 2007PROPERTY AND CASUALTY2007

PROPERTY AND CASUALTY COMPANIES - ASSOCIATION L STATEMENT10701200720100100For the Year Ended December 31, 2007OF THE CONDITION AND AFFAIRS OF THEBridgefield Employers Insurance CompanyNAIC Group Code0111NAIC Company Code0111(Current Period)Organized under the Laws ofCountry of Domicile59-1835212, State of Domicile or Port of EntryFLORIDAFLORIDAUNITED STATES OF AMERICAIncorporated/Organized:Commenced Business:May 28, 1997Statutory Home Office:2310 COMMERCE POINT DRIVELAKELAND, FL(Street and Number)Main Administrative Office:2310 COMMERCE POINT DRIVEP. O. BOX 98833801LAKELAND, FL33801175 BERKELEY STREETBOSTON, MA(Street and Number)Statutory Statement Contact:(Area Code)(Telephone Number)33802(City, State and Zip Code)Primary Location of Books and Records:Internet Website Address:863-665-6060(City, State and Zip Code)LAKELAND, FL(Street and Number)April 1, 1978(City, State and Zip Code)(Street and Number)Mail Address:Employer's ID Number10701(Prior Period)02116617-357-9500(City, State and Zip Code)(Area Code)(Telephone Number)www.summitholdings.comJoanne Connolly617-357-9500(Name)44393(Area Code)(Telephone m617-574-5955(E-Mail Address)(Fax Number)OFFICERSCHAIRMAN OF THE BOARDGARY RICHARD GREGGNameTitle1.GARY RICHARD GREGGPRESIDENT & CHIEF EXECUTIVE OFFICER2.EDMUND CAMPION KENEALYSECRETARY3.JAMES FRANCIS DORETREASURER & CHIEF FINANCIAL OFFICERNameTitleVice-PresidentsMARK EDWARD FIEBRINKJOSEPH ANTHONY GILLESEXECUTIVE VICE PRESIDENTEVP & CHIEF OPERATING OFFICERJAMES FRANCIS DOREGARY RICHARD GREGGJOHN DEREK DOYLERICKY TARVER HODGESNameTitleANTHONY ALEXANDER FONTANESEVP & CHIEF INVESTMENT OFFICERDIRECTORS OR TRUSTEESState of MassachusettsCounty of Suffolk MARK EDWARD FIEBRINKCHRISTOPHER CHARLES MANSFIELDJOSEPH ANTHONY GILLESssThe officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period statedabove, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, andthat this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets andliabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended,and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) statelaw may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of theirinformation, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filingwith the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the enclosed statement. The electronic filing may berequested by various regulators in lieu of or in addition to the enclosed statement.(Signature)(Signature)GARY RICHARD GREGG(Printed Name)1.TREASURER & CHIEF FINANCIAL OFFICER(Title)Subscribed and sworn to before me thisJanuary(Printed Name)3.SECRETARY(Title)day ofJAMES FRANCIS DORE(Printed Name)2.PRESIDENT & CHIEF EXECUTIVE OFFICER31st(Signature)EDMUND CAMPION KENEALY, 2008(Title)a. Is this an original filing?YES [ X ] NO [b. If no: 1. State the amendment number2. Date filed 3. Number of pages attached1 ]

Annual Statement for the year 2007 of the Bridgefield Employers Insurance Company ASSETS1.2.Bonds (Schedule D)Stocks (Schedule D):2.1 Preferred stocks2.2 Common stocksMortgage loans on real estate (Schedule B):3.1 First liens3.2 Other than first liensReal estate (Schedule A):4.1 Properties occupied by the company (less 0 encumbrances)4.2 Properties held for the production of income (less 0 encumbrances)4.3 Properties held for sale (less 0 encumbrances)Cash ( (8,625,392) , Schedule E-Part 1), cash equivalents ( 0Schedule E-Part 2) and short-term investments ( 841,023 , Schedule DA)Contract loans (including 0 premium notes)Other invested assets (Schedule BA)Receivables for securitiesAggregate write-ins for invested assetsSubtotals, cash and invested assets (Lines 1 to 9)Title plants less 0 charged off (for Title insurers only)Investment income due and accruedPremiums and considerations:13.1 Uncollected premiums and agents' balances in the course of collection13.2 Deferred premiums, agents' balances and installments booked but deferred andnot yet due (including (18,732,815) earned but unbilled premiums)13.3 Accrued retrospective premiumsReinsurance:14.1 Amounts recoverable from reinsurers14.2 Funds held by or deposited with reinsured companies14.3 Other amounts receivable under reinsurance contractsAmounts receivable relating to uninsured plansCurrent federal and foreign income tax recoverable and interest thereonNet deferred tax assetGuaranty funds receivable or on depositElectronic data processing equipment and softwareFurniture and equipment, including health care delivery assets ( 0 )Net adjustment in assets and liabilities due to foreign exchange ratesReceivables from parent, subsidiaries and affiliatesHealth care ( 0 ) and other amounts receivableAggregate write-ins for other than invested assetsTotal assets excluding Separate Accounts, Segregated Accounts and Protected CellAccounts (Lines 10 to 23)From Separate Accounts, Segregated Accounts and Protected Cell AccountsTotal (Lines 24 and 25) 3. 4. 118,052,316 118,052,316 144,113,490 984,14239,995,172 984,14239,995,172 25.26. 268,1472,166,075 6,511,010 (7,784,369) (7,784,369) 151,247,2611,098,211 6,373,054 6,301,91122,824,2424,352,084 151,247,2611,098,211 2,020,970 6,033,76420,658,1679,615 180,034,3131,384,138 (5,649) 19,500,71631,740,595 21,028,521 21,028,52121,638,362 29,400,198 Net AdmittedAssets 15.16.116.217.18.19.20.21.22.23.24. Net AdmittedAssets(Cols. 1 - 2) 14. AssetsNonadmittedAssets Prior Year4 3 6.7.8.9.10.11.12.13. Current Year2 5. 1 5,963 208,879,163 208,879,1636,786,306 6,786,3065,963 202,092,857 202,092,857254,292,475 254,292,475DETAILS OF WRITE-INS0901.0902.0903.0998. Summary of remaining write-ins for Line 09 from overflow page0999. Totals (Lines 0901 through 0903 plus 0998) (Line 09 above) 2301.2302.2303.2398. Summary of remaining write-ins for Line 23 from overflow page2399. Totals (Lines 2301 through 2303 plus 2398) (Line 23 above) 2

Annual Statement for the year 2007 of the Bridgefield Employers Insurance Company Losses (Part 2A, Line 34, Column 8)Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part 1, Column 6)Loss adjustment expenses (Part 2A, Line 34, Column 9)Commissions payable, contingent commissions and other similar chargesOther expenses (excluding taxes, licenses and fees)Taxes, licenses and fees (excluding federal and foreign income taxes)Current federal and foreign income taxes (including 0 on realized capital gains (losses))Net deferred tax liabilityBorrowed money 13,989,110 and interest thereon 0Unearned premiums (Part 1A, Line 37, Column 5) (after deducting unearned premiums for ceded reinsurance of 0 and including warranty reserves of 0 )Advance premiumDividends declared and unpaid:11.1 Stockholders11.2 PolicyholdersCeded reinsurance premiums payable (net of ceding commissions)Funds held by company under reinsurance treaties (Schedule F, Part 3, Column 19)Amounts withheld or retained by company for account of othersRemittances and items not allocatedProvision for reinsurance (Schedule F, Part 7)Net adjustments in assets and liabilities due to foreign exchange ratesDrafts outstandingPayable to parent, subsidiaries and affiliatesPayable for securitiesLiability for amounts held under uninsured plansCapital notes 0 and interest thereon 0Aggregate write-ins for liabilitiesTotal liabilities excluding protected cell liabilities (Lines 1 through 23)Protected cell liabilitiesTotal liabilities (Lines 24 and 25)Aggregate write-ins for special surplus fundsCommon capital stockPreferred capital stockAggregate write-ins for other than special surplus fundsSurplus notesGross paid in and contributed surplusUnassigned funds (surplus)Less treasury stock, at cost:34.10 shares common (value included in Line 28 0 )34.20 shares preferred (value included in Line 29 0 )Surplus as regards policyholders (Lines 27 to 33, less 34) (Page 4, Line 39)TOTALS (Page 2, Line 26, Col. 3) .29.30.31.32.33.34.35.36. 10.11. 2Prior Year 8,489,019211,34935,053,733976,350765,000 1,833,4999,061,3962,765,333 41,835,795 928,429 2,221,000 48,186,957108,468,706 108,468,706 1Current YearLIABILITIES, SURPLUS AND OTHER FUNDS1.2.3.4.5.6.7.17.28.9. 70,640,2901,0465,519,678168,478,593168,478,593 1,500,000 41,824,49050,299,661 1,500,000 41,824,49042,489,392 93,624,151202,092,857 85,813,882254,292,475DETAILS OF WRITE-INS2301. MEMBER DEPOSITS2302.2303.2398. Summary of remaining write-ins for Line 23 from overflow page2399. Totals (Lines 2301 through 2303 plus 2398) (Line 23 above)5,519,678 2701.2702.2703.2798. Summary of remaining write-ins for Line 27 from overflow page2799. Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)5,519,678 3001.3002.3003.3098. Summary of remaining write-ins for Line 30 from overflow page3099. Totals (Lines 3001 through 3003 plus 3098) (Line 30 above) 3