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. |
$2,196,020 |
|
Securities Amortized valuations on Government and Corporate Bonds. |
$7,425,126 |
|
Real Estate A conservative depreciated valuation of our Home Office Property. |
$18,440 |
| Federal Tax Recoverable | $36,600 |
| Common Stock Mutual Funds | $4,241,634 |
| Accrued Interest | $40,203 |
| Reinsurance Recoverable | $97,818 |
| Advance Premiums | $663,243 |
| Data Processing Equipment | $33 |
| Other Assets | $22,944 |
| Total | $14,742,061 |
Liabilities |
|
| Reserves for: | |
|
Losses Representing Claims in process including loss adjustment expenses. |
$616,096 |
|
Unearned Premiums The amount required to pay the return premiums should all policies be cancelled as of this date. |
$1,394,956 |
|
Other Expenses For the payment of all other liabilities. |
$162,307 |
| Deferred Income Taxes | $135,400 |
| Reinsurance Balance Due | $101,160 |
| Commissions Payable | $217,380 |
| Taxes, Fees | $92,938 |
| Policyholders Surplus | $12,021,824 |
| Total | $14,742,061 |
