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

A conservative depreciated valuation of our Home Office Property.

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


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  $135,400
Reinsurance Balance Due $101,160
Commissions Payable $217,380
Taxes, Fees $92,938
Policyholders Surplus $12,021,824
Total $14,742,061