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.
|U.S. Bonds Mutual Funds||$9,010,283|
|Accrued Investment Income||$38,822|
|Equities in Pools||$31,049|
Representing Claims in process including loss adjustment expenses.
The amount required to pay the return premiums should all policies be cancelled as of this date.
For the payment of all other liabilities.
|Deferred Income Taxes||$60,358|
|Reinsurance Balance Due||$-290,677|
|Federal Income Tax||$66,457|