| Admitted Assets |  |
2007* | |
2006* |
| Bonds (Amortized Value) | $166,569,809 |
$152,358,675 |
||
| Stocks (Market Value) | |
$58,860,454 |
|
$48,014,962 |
| Cash & Short-term Investments | $11,229,877 |
$16,668,193 |
||
| Premium Balances Receivable | |
$59,713,369 |
|
$58,593,767 |
| Real Estate | $7,383,938 |
$6,788,603 |
||
| Other Assets | |
$10,680,127 |
|
$10,942,603 |
| Total Admitted Assets | $314,437,581 |
$293,366,803 |
||
|
||||
| Liabilities & Security Fund | |
|||
| Reserve for Losses | $53,977,804 |
$56,128,989 |
||
| Reserve for Loss Adjustment Expenses | |
$11,711,147 |
|
$10,799,413 |
| Reserve for Unearned Premiums | $91,982,406 |
$89,213,337 |
||
| Reserve for Other Expenses | |
$21,082,869 |
|
$17,728,899 |
| Total Liabilities | $178,754,231 |
$173,870,608 |
||
| Policyholders' Security Fund | |
$135,683,349 |
|
$119,496,195 |
| Total Liabilities & Security Fund | $314,437,581 |
$293,366,803 |
||
|
||||
| Statement of Income | |
|||
| Premiums Earned | $152,071,792 |
$149,397,889 |
||
| Losses and Loss Expenses Incurred | |
($82,581,211) |
|
($95,571,252) |
| Underwriting Expenses Incurred | ($53,827,747) |
($48,864,649) |
||
| Net Underwriting Gain (Loss) | |
$15,662,832 |
|
$4,961,988 |
| Net Investment Gain | $8,387,266 |
$7,185,574 |
||
| Other Income | |
$1,258,803 |
|
$1,256,417
|
| Dividends to Policyholders | ($2,238,477) |
($2,173,170) |
||
| Federal Income Taxes | |
($6,010,797) |
|
($2,059,878) |
| Net Income | $17,059,657 |
$9,170,931 |
||
*Through December 31st
Learn more about our performance in 2007 by reading A Message from the President.
View and print a PDF version of our 2007 Annual Report (288k).
