Assets & Liabilities

Assets

Cash in Bank

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

 $2,566,619

Securities

Amortized valuations on Government and Corporate Bonds.

 $5,476,479
Real Estate $385,767
U.S. Bonds Mutual Funds $10,504,663
Accrued Investment Income $56,401
Reinsurance Recoverable $36,361
Advance Premiums $427,752
Equities in Pools $34,835
Furniture Equipment $2,142
Total $19,491,019

Liabilities
Reserves for:

Losses

Representing Claims in process including loss adjustment expenses.

 $619,125

Unearned Premiums

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

 $1,223,363

Other Expenses

For the payment of all other liabilities.

 $397,085
Deferred Income Taxes $236,227
Reinsurance Balance Due $-169,944
Commissions Payable $149,329
Policyholders Surplus $17,035,834
Total $19,491,019