| Admitted Assets |  |
2006* | |
2005* |
| Bonds (Amortized Value) | $152,358,675 |
$146,014,820 |
||
| Stocks (Market Value) | |
$48,014,962 |
|
$41,180,067 |
| Cash & Short-term Investments | $16,668,193 |
$7,658,278 |
||
| Premium Balances Receivable | |
$58,593,767 |
|
$54,566,968 |
| Real Estate | $6,788,603 |
$6,978,342 |
||
| Other Assets | |
$10,942,603 |
|
$17,463,711 |
| Total Admitted Assets | $293,366,803 |
$273,862,186 |
||
|
||||
| Liabilities & Security Fund | |
|||
| Reserve for Losses | $56,128,989 |
$52,469,446 |
||
| Reserve for Loss Adjustment Expenses | |
$10,799,413 |
|
$9,910,938 |
| Reserve for Unearned Premiums | $89,213,337 |
$85,558,482 |
||
| Reserve for Other Expenses | |
$17,728,899 |
|
$18,055,613 |
| Total Liabilities | $173,870,608 |
$165,994,479 |
||
| Policyholders' Security Fund | |
$119,496,195 |
|
$107,867,707 |
| Total Liabilities & Security Fund | $293,366,803 |
$273,862,186 |
||
|
||||
| Statement of Income | |
|||
| Premiums Earned | $149,397,889 |
$146,607,315 |
||
| Losses and Loss Expenses Incurred | |
$(95,571,252)
|
|
$(87,218,575) |
| Underwriting Expenses Incurred | $(48,864,649)
|
$(44,698,725) |
||
| Net Underwriting Gain (Loss) | |
$4,961,988 |
|
$14,690,015 |
| Net Investment Gain | $7,185,574 |
$4,949,042 |
||
| Other Income | |
$1,256,417 |
|
$1,273,998 |
| Dividends to Policyholders | $(2,173,170)
|
$(1,845,501) |
||
| Federal Income Taxes | |
$(2,059,878)
|
|
$(5,657,403) |
| Net Income | $9,170,931 |
$13,410,151 |
||
*Through December 31st
Learn more about our performance in 2006 by reading
A Message from the Chairman .
View and print a PDF version of our 2006 Annual Report (500k).
