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 |
