Admitted Assets |
2023 |
2022 |
||
| Bonds (Amortized Value) | $494,720,830 | $459,012,467 | ||
| Stocks (Market Value) | $132,563,565 | $148,373,883 | ||
| Cash & Short-term investments | $22,367,733 | $42,785,274 | ||
| Premium Balances Receivable | $277,093,263 | $247,172,413 | ||
| Real Estate | $43,493,220 | $43,052,855 | ||
| Other Assets | $138,925,006 | $148,107,124 | ||
| Total Admitted Assets | $1,109,163,617 | $1,088,504,016 |
Liabilities & Surplus |
||||
| Reserve for Losses | $280,477,230 | $271,942,970 | ||
| Reserve for Loss Adjustment Expenses | $65,216,071 | $59,397,758 | ||
| Reserve for Unearned Premiums | $315,358,300 | $298,423,187 | ||
| Reserve for Other Expenses | $140,709,866 | $136,442,648 | ||
| Total Liabilities | $801,761,467 | $766,206,564 | ||
| Policyholders' Surplus | $307,402,150 | $322,297,452 | ||
| Total Liabilities & Surplus | $1,109,163,617 | $1,088,504,016 |
Statement of Income |
||||
| Premiums Earned | $633,335,742 | $580,996,156 | ||
| Losses and Loss Expenses Incurred | ($507,921,312) | ($411,888,369) | ||
| Underwriting Expenses Incurred | ($209,187,672) | ($197,040,306) | ||
| Net Underwriting Gain | ($83,773,242) | ($27,932,519) | ||
| Net Investment Gain | $35,925,965 | $26,100,643 | ||
| Other Income | $2,864,571 | $998,163 | ||
| Dividends to Policyholders | ($1,022,857) | ($889,537) | ||
| Federal Income Taxes | $9,308,708 | $1,875,512 | ||
| Net Income | ($36,696,855) | $152,263 |
