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.

Common Stocks & Mutual Funds $4,078,572
Accrued Interest $35,533
Reinsurance Recoverable $116,657
Advance Premiums $692,941
Data Processing Equipment $2,410
Other Assets $81,297
Total $13,927,969


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.

Federal Income Tax Payable  $171,869
Reinsurance Balance Due – $111,120
Commissions Payable $237,200
Taxes, Fees $46,499
Policyholders Surplus $10,980,180
Total $13,927,969