| Assets: |
|
2007 |
|
2006 |
| Bonds |
|
$32,687,862 |
|
$29,981,179 |
| Stocks |
|
11,259,548 |
|
9,731,725 |
| Cash |
|
4,544,098 |
|
4,111,929 |
| Accounts Receivable |
|
3,940,124 |
|
3,993,452 |
| Reinsurance Receivable |
|
5,725,669 |
|
5,740,216 |
| Mortgage Loans |
|
- |
|
8,775 |
| Accrued Interest & Dividends |
|
1,346,968 |
|
988,254 |
| Real Estate |
|
730,273 |
|
752,561 |
| Current & Deferred Taxes |
|
826,857 |
|
830,948 |
| Other Assets |
|
1,055,247 |
|
1,717,254 |
| |
|
|
|
|
| Totals |
|
$62,116,646 |
|
$57,856,293 |
| |
|
|
|
|
| |
|
|
|
|
| |
| |
| Liabilities: |
|
|
|
|
| Reserve for Losses & Loss Adjusting |
|
$10,119,909 |
|
$9,110,984 |
| Reserve for Taxes & Assessments |
|
2,502,905 |
|
2,809,507 |
| Reserve for Unearned Premiums |
|
12,990,581 |
|
12,903,727 |
| Reserve for Other Liabilities |
|
2,970,754 |
|
3,331,892 |
| |
| Policyholders' Surplus |
|
33,532,497 |
|
29,700,183 |
| |
|
|
|
|
| Totals |
|
$62,116,646 |
|
$57,856,293 |
| |
|
|
|
|
| |
|
|
|
|
| |
| |
| Operating Results: |
|
|
|
|
| Gross Written Premiums |
|
$25,597,067 |
|
$25,350,768 |
| Earned Premiums (Net) |
|
22,843,591 |
|
21,825,115 |
| Incurred Losses |
|
8,854,368 |
|
8,078,167 |
| Loss Adjusting Expense |
|
2,026,130 |
|
1,467,483 |
| Underwriting Expense |
|
9,619,759 |
|
8,785,380 |
| Other Underwriting Income |
|
359,978 |
|
369,746 |
| |
|
|
|
|
| Results from Underwriting |
|
$2,703,312 |
|
$3,863,831 |
| |
| Investment Income |
|
$1,917,400 |
|
$1,762,830 |
| Realized Gains |
|
329,761 |
|
117,442 |
| Change In Unrealized Gains (Losses) |
|
366,501 |
|
371,386 |
| |
|
|
|
|
| Results from Investments |
|
$2,613,662 |
|
$2,251,658 |
| |
| |
| Federal Income Taxes Incurred |
|
$1,480,569 |
|
$1,808,342 |
| Other Changes to Surplus |
|
(4,091) |
|
(313,033) |
| Net Change to Surplus |
|
3,832,314 |
|
3,994,114 |
| |
|
|
|
|
| Policyholders' Surplus |
|
$33,532,497 |
|
$29,700,183 |
| |
|
|
|
|
| |
|
|
|
|
| |
Rated A+ (Superior), Class VI, by A.M. Best Company
Audited by: Brown, Schultz, Sheridan & Fritz
Loss Reserve Certification by: KPMG Peat Marwick
|
|
