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