| Assets: | 2023 | 2022 |
| Bonds | $69,889,486 | $68,976,100 |
| Equities | $25,333,009 | $24,184,857 |
| Cash and Short Term Investments | $7,463,087 | $5,792,210 |
| Premiums Due | $20,630,626 | $19,597,621 |
| Other Assets | $5,179,024 | $6,066,254 |
| Total Admitted Assets | $128,495,232 | $124,617,042 |
| Liabilities: | ||
| Unpaid Loss and Loss Adjusting Expenses | $14,559,044 | $19,338,723 |
| Unearned Premiums | $32,517,468 | $31,267,306 |
| Other Liabilities | $7,575,259 | $5,875,061 |
| Total Statutory Liabilities | $54,651,771 | $56,481,090 |
| Capital | $73,843,461 | $68,135,952 |
| Total Liabilities and Capital | $128,495,232 | $124,617,042 |
Summary Statutory Financial Results
| Statement of Statutory Income: | 2023 | 2022 |
| Net Premiums Earned | $55,988,653 | $53,605,970 |
| Loss and Loss Adjustment Expenses | $31,249,603 | $29,975,350 |
| Other Underwriting Expenses | $22,629,099 | $21,672,755 |
| Total Insurance Operations Income | $2,109,951 | $1,957,865 |
| Investment Income | $2,792,955 | $4,624,875 |
| Other Income | $211,745 | $221,362 |
| Income Tax | $899,797 | $743,101 |
| Net Income | $4,214,854 | $6,061,001 |
| Statutory Combined Ratio | 95.3% | 95.4% |
