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.

$1,599,307

Securities

Amortized valuations on Government and Corporate Bonds.

$7,297,489

Real Estate

A conservative depreciated valuation of our Home Office Property.

$23,763
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

Liabilities

Reserves for:

Losses

Representing Claims in process including loss adjustment expenses.

$746,451

Unearned Premiums

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

$1,476,749

Other Expenses

For the payment of all other liabilities.

$380,191
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