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.

 $2,199,862

Securities

Amortized valuations on Government and Corporate Bonds.

 $4,483,928
Real Estate $402,812
U.S. Bonds Mutual Funds $9,010,283
Accrued Investment Income $38,822
Reinsurance Recoverable $254,275
Advance Premiums $414,565
Equities in Pools $31,049
Furniture Equipment $19,471
Total $16,855,067

Liabilities
Reserves for:

Losses

Representing Claims in process including loss adjustment expenses.

 $776,927

Unearned Premiums

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

 $1,155,291

Other Expenses

For the payment of all other liabilities.

 $190,460
Deferred Income Taxes $60,358
Reinsurance Balance Due $-290,677
Commissions Payable $151,279
Federal Income Tax $66,457
Policyholders Surplus $14,744,972
Total $16,855,067