|
|
Financials
|
ASSETS |
2010 |
2009 |
|
Bonds |
$46,341,654 |
$34,496,957 |
|
Stocks |
11,106,334 |
8,252,559 |
|
Cash |
4,961,344 |
10,139,052 |
|
Invested Assets |
2,463,495 |
1,350,330 |
|
Accounts Receivable |
5,757,105 |
3,557,604 |
|
Reinsurance Receivable |
42,922 |
2,726,632 |
|
Accrued Interest & Dividends |
380,513 |
632,110 |
|
Real Estate |
604,482 |
634,094 |
|
Current & Deferred Taxes |
1,880,511 |
1,304,071 |
|
Other Assets |
211,684 |
1,172,265 |
| |
|
|
|
|
TOTALS |
$73,750,044 |
$64,265,674 |
|
|
LIABILITIES |
|
|
|
Reserve for Losses & Loss Adjusting |
$10,063,841 |
$8,633,783 |
|
Reserve for Unearned Premiums |
15,549,009 |
12,927,367 |
|
Reserve for Other Liabilities |
3,895,764 |
3,624,181 |
|
Reserve for Taxes & Assessments |
517,061 |
2,470,014 |
| |
|
|
|
|
Policyholder's Surplus |
43,724,369 |
36,610,329 |
| |
|
|
|
|
TOTALS |
$73,750,044 |
$64,265,674 |
|
|
OPERATING RESULTS: |
|
|
|
Gross Written Premiums |
$27,412,972 |
$25,667,705 |
|
Earned Premiums (Net) |
27,504,270 |
23,199,776 |
|
Incurred Losses |
10,839,155 |
7,963,530 |
|
Loss Adjusting Expense |
2,449,547 |
1,847,095 |
|
Underwriting Expense |
11,790,410 |
10,081,602 |
|
Other Underwriting Income |
362,098 |
343,643 |
| |
|
|
|
|
Results from Underwriting |
$2,787,256 |
$3,651,192 |
|
|
Investment Income |
$1,680,226 |
$1,645,563 |
|
Realized Gains/ (Losses) |
549,226 |
1,308,467 |
|
Change In Unrealized Gains (Losses) |
847,786 |
343,301 |
| |
|
|
|
|
Results from Investments |
$3,077,238 |
$3,297,331 |
|
|
Federal Income Taxes Incurred |
$1,262,720 |
$1,340,402 |
|
Other Changes to Surplus |
579,083 |
(485,077) |
| |
Acquistion of WFS |
1,933,183 |
|
| |
|
|
|
|
Policyholder's Surplus |
$43,724,369 |
$36,611,329 |
|
|
Rated A+ (Superior), Class VI, by A.M. Best Company |
|
|
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