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2009 Financial Statement:
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Assets |
2009 |
2008 |
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Cash and Short-term Investments |
$14,101,471 |
$19,176,174 |
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Bonds |
75,684,831 |
68,308,532 |
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Stocks |
11,465,584 |
7,780,523 |
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Real Estate |
1, 284,270 |
1,246,035 |
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Premiums in Course of Collection |
5,944,741 |
5,823,933 |
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Interest Due and Accrued |
842,139 |
703,354 |
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All Other Assets |
5,659,050 |
3,897,953 |
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Total Admitted
Assets |
$115,032,086 |
$106,936,504 |
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Liabilities |
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Unearned Premiums |
$25,368,461 |
$25,780,307 |
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Reserve for Losses |
24,792,030 |
22,380,494 |
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Reserve for Loss Adjustment |
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Expense |
4,819,486 |
4,240,975 |
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All Other Liabilities |
4,775,723 |
5,749,597 |
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Total Liabilities |
$59,755,700 |
$58,151,373 |
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Surplus Account |
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Special Contingent Surplus |
$886,364 |
$886,364 |
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Surplus Note |
3,000,000 |
3,000,000 |
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Unassigned Surplus |
51,390,022 |
44,898,767 |
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Policyholder's Security Fund |
$55,276,386 |
$48,785,131 |
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Total Liabilities and Surplus |
$115,032,086 |
$106,936,504 |
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Click here for
complete 2009 Annual Statement. |
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