Assets & Liabilities


Cash in Bank

Available for payment of losses, current operating expenses and any emergency that may arise. Certificates of Deposit, Saving, and Checking Account.



Amortized valuations on Government and Corporate Bonds.


Real Estate

A conservative depreciated valuation of our Home Office Property.

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


Reserves for:


Representing Claims in process including loss adjustment expenses.


Unearned Premiums

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


Other Expenses

For the payment of all other liabilities.

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