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 $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


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 $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