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.

$1,580,807

Securities

Amortized valuations on Government and Corporate Bonds.

$8,045,738

Real Estate

A conservative depreciated valuation of our Home Office Property.

$21,096
Federal Tax Recoverable $101,375
Common Stock Mutual Funds $4,251,392
Accrued Interest $39,561
Reinsurance Recoverable $112,388
Advance Premiums $689,892
Data Processing Equipment $33
Other Assets $19,804
Total $14,862,086

Liabilities

Reserves for:

Losses

Representing Claims in process including loss adjustment expenses.

$654,580

Unearned Premiums

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

$1,434,030

Other Expenses

For the payment of all other liabilities.

$173,156
Deferred Income Taxes  $254,682
Reinsurance Balance Due $117,734
Commissions Payable $200,768
Taxes, Fees $65,924
Policyholders Surplus $11,961,212
Total $14,862,086