Tuscarora Wayne Insurance Company
Summary Statutory Financial Results
2016   2015
Assets:
Bonds $58,630,791 $54,596,333
Equities 22,637,679 20,506,230
Cash and Short Term Investments 7,239,268 5,940,910
Premiums Due 10,220,291 9,284,977
Other Assets 7,544,077 6,913,121
Total Admitted Assets $106,272,106 $97,241,571
Liabilities:
Unpaid Loss and Loss adjusting Expenses $12,773,738 $14,028,923
Unearned Premiums 22,119,494 21,155,879
Other Liabilities 5,647,498 4,538,968
Total Statutory Liabilities $40,540,730 $39,723,770
Capital $65,731,376 $57,517,801
Total Liabilities and Capital $106,272,106 $97,241,571
Statement of Statutory Income 2016   2015
Net Premiums Earned $39,246,648 $37,170,079
Loss and Loss adjustment expenses  14,751,314 20,181,223
Other Underwriting Expenses 17,043,139 15,031,089
Total Insurance Operations Income $7,452,195 $1,957,767
Investment Income $1,916,857 $2,230,596  
Other Income $309,235 $323,835
Income Tax $3,129,283 $1,086,289
Net Income $6,549,004 $3,425,909
 Statutory Combined Ratio 80.0% 93.5%

 

 

 

 

Did You Know?

The Tuscarora Wayne Community Room, the banquet and meeting facility in the Greater Wyalusing Chamber of Commerce Building, hosts dozens of major fund-raisers every year bringing tens of thousands of dollars back into the community.