
Assets & Liabilities
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 |
