|
|
Financials
|
ASSETS |
2009 |
2008 |
|
Bonds |
$34,496,957 |
$31,546,227 |
|
Stocks |
8,252,559 |
8,796,427 |
|
Cash |
10,139,052 |
5,936,825 |
|
Invested Assets |
1,350,330 |
- |
|
Accounts Receivable |
3,557,604 |
3,566,006 |
|
Reinsurance Receivable |
2,726,632 |
4,447,608 |
|
Accrued Interest & Dividends |
632,110 |
954,679 |
|
Real Estate |
634,094 |
683,290 |
|
Current & Deferred Taxes |
1,304,071 |
1,697,066 |
|
Other Assets |
1,172,265 |
1,072,998 |
| |
|
|
|
|
TOTALS |
$64,265,674 |
$58,701,116 |
|
|
LIABILITIES |
|
|
|
Reserve for Losses & Loss Adjusting |
$8,633,783 |
$10,041,969 |
|
Reserve for Unearned Premiums |
12,927,367 |
12,864,328 |
|
Reserve for Other Liabilities |
3,624,181 |
2,616,239 |
|
Reserve for Taxes & Assessments |
2,470,014 |
1,690,295 |
| |
|
|
|
|
Policyholders' Surplus |
36,610,329 |
31,488,285 |
| |
|
|
|
|
TOTALS |
$64,265,674 |
$58,701,116 |
|
|
OPERATING RESULTS: |
|
|
|
Gross Written Premiums |
$25,667,705 |
$25,660,799 |
|
Earned Premiums (Net) |
23,199,776 |
23,238,733 |
|
Incurred Losses |
7,963,530 |
11,079,639 |
|
Loss Adjusting Expense |
1,847,095 |
1,694,717 |
|
Underwriting Expense |
10,081,602 |
9,082,138 |
|
Other Underwriting Income |
343,643 |
356,853 |
| |
|
|
|
|
Results from Underwriting |
$3,651,192 |
$1,739,092 |
|
|
Investment Income |
$1,645,563 |
$1,667,790 |
|
Realized Gains/ (Losses) |
1,308,467 |
(629,502) |
|
Change In Unrealized Gains (Losses) |
343,301 |
(1,721,135) |
| |
|
|
|
|
Results from Investments |
$3,297,331 |
$(682,847) |
|
|
Federal Income Taxes Incurred |
$1,340,402 |
$1,293,750 |
|
Other Changes to Surplus |
(485,077) |
(1,806,707) |
| |
|
|
|
|
Policyholders' Surplus |
$36,611,329 |
$31,488,285 |
|
|
Rated A+ (Superior), Class VI, by A.M. Best Company |
|
|
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