Assets

Cash in Bank

$3,715,216

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

Securities

$1,974,181

Amortized valuations on Government and Corporate Bonds.

Real Estate

$51,396

A conservative depreciated valuation of our Home Office Property.

Net Deferred Tax Asset

$108,155

Common Stocks & Mutual Funds

$1,667,528

Accrued Interest

$22,477

Reinsurance Recoverable

$294,291

Advance Premiums

$635,981

Data Processing Equipment

$11,372

Other Assets

$207,894

Total

$8,688,491

Liabilities

Reserves for:

Losses

$742,554

Representing Claims in process including loss adjustment expenses.

Unearned Premiums

$1,296,921

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

Other Expenses

$284,108

For the payment of all other liabilities.

Reinsurance Balance Due

- $71,938

Commissions Payable

$186,248

Federal Income Tax Due

$103,513

Policyholders Surplus

$6,147,085

Total

$8,688,491