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.

$2,196,020

Securities

Amortized valuations on Government and Corporate Bonds.

$7,425,126

Real Estate

A conservative depreciated valuation of our Home Office Property.

$18,440
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

Liabilities

Reserves for:

Losses

Representing Claims in process including loss adjustment expenses.

$616,096

Unearned Premiums

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

$1,394,956

Other Expenses

For the payment of all other liabilities.

$162,307
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