Assets

Cash in Bank

$1,652,373

Available for payment of losses, current operating expenses and any emergency that may arise. Certificates of Deposit, Saving, and Checking Account.

Securities

$6,314,902

Amortized valuations on Government and Corporate Bonds.

Real Estate

$40,994

A conservative depreciated valuation of our Home Office Property.

Net Deferred Tax Asset

$93,383

Common Stocks & Mutual Funds

$1,652,982

Accrued Interest

$27,703

Reinsurance Recoverable

$33,256

Advance Premiums

$688,555

Data Processing Equipment

$9,951

Other Assets

$5,551

Total

$10,519,650

Liabilities

Reserves for:

Losses

$986,668

Representing Claims in process including loss adjustment expenses.

Unearned Premiums

$1,114,773

The amount required to pay the return premiums should all policies be cancelled as of this date.

Other Expenses

$137,209

For the payment of all other liabilities.

Reinsurance Balance Due

$93,157

Commissions Payable

$205,367

Taxes

$95,860

Policyholders Surplus

$7,886,616

Total

$10,519,650