| Tuscarora Wayne Insurance Company | |||||||||||||
| Summary Statutory Financial Results | |||||||||||||
| 2019 | 2018 | ||||||||||||
| Assets: | |||||||||||||
| Bonds | $63,850,211 | $64,360,016 | |||||||||||
| Equities | 26,560,828 | 25,390,811 | |||||||||||
| Cash and Short Term Investments | 4,086,899 | 5,850,552 | |||||||||||
| Premiums Due | 12,933,991 | 11,685,707 | |||||||||||
| Other Assets | 6,740,420 | 7,542,076 | |||||||||||
| Total Admitted Assets | $114,172,349 | $114,829,162 | |||||||||||
| Liabilities: | |||||||||||||
| Unpaid Loss and Loss adjusting Expenses | $11,952,881 | $16,101,447 | |||||||||||
| Unearned Premiums | 25,298,170 | 23,393,279 | |||||||||||
| Other Liabilities | 5,306,909 | 5,122,785 | |||||||||||
| Total Statutory Liabilities | $42,557,960 | $44,617,511 | |||||||||||
| Capital | $71,614,389 | $70,211,651 | |||||||||||
| Total Liabilities and Capital | $114,172,349 | $114,829,162 | |||||||||||
| Statement of Statutory Income | 2019 | 2018 | |||||||||||
| Net Premiums Earned | $43,644,437 | $42,470,481 | |||||||||||
| Loss and Loss adjustment expenses | 21,514,149 | 19,414,011 | |||||||||||
| Other Underwriting Expenses | 18,794,998 | 18,114,389 | |||||||||||
| Total Insurance Operations Income | $3,335,290 | $4,942,081 | |||||||||||
| Investment Income | $3,151,243 | $1,825,985 | |||||||||||
| Other Income | $282,253 | $289,133 | |||||||||||
| Income Tax | $1,135,415 | $1,451,582 | |||||||||||
| Net Income | $5,633,371 | $5,605,617 | |||||||||||
| Statutory Combined Ratio | 91.0% | 87.6% | |||||||||||