Assets

Cash in Bank

$5,531,203

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

Securities

$1,668,575

Amortized valuations on Government and Corporate Bonds.

Real Estate

$44,181

A conservative depreciated valuation of our Home Office Property.

Net Deferred Tax Asset

$93,415

Common Stocks & Mutual Funds

$1,426,214

Accrued Interest

$12,011

Reinsurance Recoverable

$32,107

Advance Premiums

$685,198

Data Processing Equipment

$14,505

Other Assets

$81,130

Federal Tax Recoverable

$90,411

Total

$9,678,950

Liabilities

Reserves for:

Losses

$649,965

Representing Claims in process including loss adjustment expenses.

Unearned Premiums

$1,152,292

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

Other Expenses

$97,096

For the payment of all other liabilities.

Reinsurance Balance Due

$106,752

Commissions Payable

$197,197

Taxes

$164,582

Policyholders Surplus

$7,311,066

Total

$9,678,950