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. |
$2,394,298 |
Securities Amortized valuations on Government and Corporate Bonds. |
$9,222,180 |
Real Estate | $411,335 |
U.S. Bonds Mutual Funds | $5,768,056 |
Accrued Investment Income | $28,044 |
Reinsurance Recoverable | $20,577 |
Advance Premiums | $457,967 |
Equities in Pools | $25,328 |
Total | $18,345,731 |
Liabilities |
|
Reserves for: | |
Losses Representing Claims in process including loss adjustment expenses. |
$835,410 |
Unearned Premiums The amount required to pay the return premiums should all policies be cancelled as of this date. |
$1,226,686 |
Other Expenses For the payment of all other liabilities. |
$89,931 |
Deferred Income Taxes | $446,432 |
Reinsurance Balance Due | $36,369 |
Commissions Payable | $196,567 |
Federal Income Tax | $140,235 |
Policyholders Surplus | $15,428,313 |
Total | $18,327,205 |
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