| Assets: | 2021 | 2020 |
| Bonds | $63,342,196 | $60,327,493 |
| Equities | $32,912,961 | $28,422,120 |
| Cash and Short Term Investments | $5,770,868 | $5,169,472 |
| Premiums Due | $17,844,653 | $15,539,390 |
| Other Assets | $6,145,654 | $6,577,262 |
| Total Admitted Assets | $126,016,332 | $116,035,737 |
| Liabilities: | ||
| Unpaid Loss and Loss Adjusting Expenses | $19,523,518 | $14,482,545 |
| Unearned Premiums | $30,033,346 | $27,400,591 |
| Other Liabilities | $4,651,741 | $4,832,579 |
| Total Statutory Liabilities | $54,208,605 | $46,715,715 |
| Capital | $71,807,727 | $69,320,022 |
| Total Liabilities and Capital | $126,016,332 | $116,035,737 |
Summary Statutory Financial Results
| Statement of Statutory Income: | 2021 | 2020 |
| Net Premiums Earned | $51,194,992 | $46,709,088 |
| Loss and Loss Adjustment Expenses | $32,684,522 | $27,252,966 |
| Other Underwriting Expenses | $20,053,473 | $19,488,272 |
| Total Insurance Operations Income | ($1,543,003) | ($32,150) |
| Investment Income | $3,030,619 | $3,314,786 |
| Other Income | $214,421 | $199,189 |
| Income Tax | $36,508 | $563,993 |
| Net Income | $1,665,529 | $2,917,832 |
| Statutory Combined Ratio | 101.3% | 98.1% |
