Assets

Cash in Bank

$5,474,447

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

Securities

$1,611,559

Amortized valuations on Government and Corporate Bonds.

Real Estate

$47,369

A conservative depreciated valuation of our Home Office Property.

Net Deferred Tax Asset

$93,419

Common Stocks & Mutual Funds

$1,088,724

Accrued Interest

$15,310

Reinsurance Recoverable

$25,454

Advance Premiums

$603,297

Data Processing Equipment

$3,924

Other Assets

$193,293

Federal Tax Recoverable

$82,798

Total

$9,239,594

Liabilities

Reserves for:

Losses

$785,690

Representing Claims in process including loss adjustment expenses.

Unearned Premiums

$1,174,462

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

Other Expenses

$88,385

For the payment of all other liabilities.

Reinsurance Balance Due

$212,749

Commissions Payable

$191,059

Taxes

$200,276

Policyholders Surplus

$6,586,973

Total

$9,239,594