Assets & Liabilities


Cash in Bank

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



Amortized valuations on Government and Corporate Bonds.

Real Estate $429,962
U.S. Bonds Mutual Funds $5,908,841
Accrued Investment Income $26,884
Reinsurance Recoverable $24,801
Advance Premiums $553,044
Equities in Pools $23,180
Total $17,325,786


Reserves for:


Representing Claims in process including loss adjustment expenses.


Unearned Premiums

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


Other Expenses

For the payment of all other liabilities.

Deferred Income Taxes $416,755
Reinsurance Balance Due $244,581
Commissions Payable $212,453
Federal Income Tax $126,447
Policyholders Surplus $14,281,038
Total $17,325,786