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.

$1,959,760

Securities

Amortized valuations on Government and Corporate Bonds.

$8,399,314
Real Estate $429,962
U.S. Bonds Mutual Funds $5,908,841
Accrued Investment Income $26,884
Reinsurance Recoverable $24,801
Advance Premiums $553,044
Equities in Pools $23,180
Total $17,325,786

Liabilities

Reserves for:

Losses

Representing Claims in process including loss adjustment expenses.

$629,697

Unearned Premiums

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

$1,225,732

Other Expenses

For the payment of all other liabilities.

$189,083
Deferred Income Taxes $416,755
Reinsurance Balance Due $244,581
Commissions Payable $212,453
Federal Income Tax $126,447
Policyholders Surplus $14,281,038
Total $17,325,786