Tuscarora Wayne Insurance Company
Summary Statutory Financial Results
2017 2016
Assets:
Bonds $60,866,235 $58,630,791
Equities 27,612,489 22,637,679
Cash and Short Term Investments 7,439,369 7,239,268
Premiums Due 10,794,897 10,220,291
Other Assets 7,940,005 7,544,077
Total Admitted Assets $114,652,995 $106,272,106
Liabilities:
Unpaid Loss and Loss adjusting Expenses $16,626,495 $12,773,738
Unearned Premiums 22,820,456 22,119,494
Other Liabilities 4,726,667 5,647,498
Total Statutory Liabilities $44,173,618 $40,540,730
Capital $70,479,377 $65,731,376
Total Liabilities and Capital $114,652,995 $106,272,106
Statement of Statutory Income 2017 2016
Net Premiums Earned $41,163,666 $39,246,648
Loss and Loss adjustment expenses  21,507,819 14,751,314
Other Underwriting Expenses 17,032,253 17,043,139
Total Insurance Operations Income $2,623,594 $7,452,195
Investment Income $2,202,880 $1,916,857  
Other Income $287,179 $309,235
Income Tax $1,364,551 $3,129,283
Net Income $3,749,102 $6,549,004
 Statutory Combined Ratio 93.0% 80.0%

 

 

 

 

Did You Know?

You are not covered by water seepage into your basement with a typical homeowner's policy (HO-3) and, if it is not related to flooding, you will not be covered by flood insurance. This is generally regarded as a maintenance issue that would require specialty coverage.  (Insurance Information Institute)