| Tuscarora Wayne Insurance Company | |||||||||||||
| Summary Statutory Financial Results | |||||||||||||
| 2020 | 2019 | ||||||||||||
| Assets: | |||||||||||||
| Bonds | $60,327,493 | $63,850,211 | |||||||||||
| Equities | 28,422,120 | 26,560,828 | |||||||||||
| Cash and Short Term Investments | 5,169,472 | 4,086,899 | |||||||||||
| Premiums Due | 15,539,390 | 12,933,991 | |||||||||||
| Other Assets | 6,577,262 | 6,740,420 | |||||||||||
| Total Admitted Assets | $116,035,737 | $114,172,349 | |||||||||||
| Liabilities: | |||||||||||||
| Unpaid Loss and Loss adjusting Expenses | $14,482,545 | $11,952,881 | |||||||||||
| Unearned Premiums | 27,400,591 | 25,298,170 | |||||||||||
| Other Liabilities | 4,832,579 | 5,306,909 | |||||||||||
| Total Statutory Liabilities | $46,715,715 | $42,557,960 | |||||||||||
| Capital | $69,320,022 | $71,614,389 | |||||||||||
| Total Liabilities and Capital | $116,035,737 | $114,172,349 | |||||||||||
| Statement of Statutory Income | 2020 | 2019 | |||||||||||
| Net Premiums Earned | $46,709,088 | $43,644,437 | |||||||||||
| Loss and Loss adjustment expenses | 27,252,966 | 21,514,149 | |||||||||||
| Other Underwriting Expenses | 19,488,272 | 18,794,998 | |||||||||||
| Total Insurance Operations Income | ($32,150) | $3,335,290 | |||||||||||
| Investment Income | $3,314,786 | $3,151,243 | |||||||||||
| Other Income | $199,189 | $282,253 | |||||||||||
| Income Tax | $563,993 | $1,135,415 | |||||||||||
| Net Income | $2,917,832 | $5,633,371 | |||||||||||
| Statutory Combined Ratio | 98.1% | 91.0% | |||||||||||