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. |
$1,580,807 |
|
Securities Amortized valuations on Government and Corporate Bonds. |
$8,045,738 |
|
Real Estate A conservative depreciated valuation of our Home Office Property. |
$21,096 |
| Federal Tax Recoverable | $101,375 |
| Common Stock Mutual Funds | $4,251,392 |
| Accrued Interest | $39,561 |
| Reinsurance Recoverable | $112,388 |
| Advance Premiums | $689,892 |
| Data Processing Equipment | $33 |
| Other Assets | $19,804 |
| Total | $14,862,086 |
Liabilities |
|
| Reserves for: | |
|
Losses Representing Claims in process including loss adjustment expenses. |
$654,580 |
|
Unearned Premiums The amount required to pay the return premiums should all policies be cancelled as of this date. |
$1,434,030 |
|
Other Expenses For the payment of all other liabilities. |
$173,156 |
| Deferred Income Taxes | $254,682 |
| Reinsurance Balance Due | $117,734 |
| Commissions Payable | $200,768 |
| Taxes, Fees | $65,924 |
| Policyholders Surplus | $11,961,212 |
| Total | $14,862,086 |
