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2010 Financial Statement:
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Assets |
2010 |
2009 |
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Cash and Short-term Investments |
$10,396,634 |
$14,101,471 |
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Bonds |
84,057,466 |
75,684,831 |
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Stocks |
12,784,445 |
11,465,584 |
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Real Estate |
1, 225,827 |
1, 284,270 |
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Premiums in Course of Collection |
6,004,879 |
5,944,741 |
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Interest Due and Accrued |
839,820 |
842,139 |
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All Other Assets |
8,806,525 |
5,659,050 |
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Total Admitted
Assets |
$124,115,596 |
$115,032,086 |
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Liabilities |
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Unearned Premiums |
$25,534,704 |
$25,368,461 |
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Reserve for Losses |
23,236,245 |
24,792,030 |
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Reserve for Loss Adjustment |
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Expense |
4,554,655 |
4,819,486 |
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All Other Liabilities |
7,622,319 |
4,775,723 |
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Total Liabilities |
$60,947,923 |
$59,755,700 |
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Surplus Account |
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Special Contingent Surplus |
$886,364 |
$886,364 |
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Surplus Note |
2,800,000 |
3,000,000 |
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Unassigned Surplus |
59,481,309 |
51,390,022 |
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Policyholder's Security Fund |
$63,167,673 |
$55,276,386 |
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Total Liabilities and Surplus |
$124,115,596 |
$115,032,086 |
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Click here for
complete 2010 Annual Statement. |
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