www.brotherhoodmutual.com

Financial Results

Recap of the previous two years' results

Admitted Assets
2016
2015
Bonds (Amortized Value)
$195,567,578
$172,381,664
Stocks (Market Value)
$161,671,734
$125,981,439
Cash & Short-term Investments
$37,702,121
$59,687,791
Premium Balances Receivable
$133,072,667
$125,082,876
Real Estate
$25,947,824
$26,010,710
Other Assets
$46,746,726
$32,891,608
Total Admitted Assets
$600,708,650
$542,036,088
Liabilities & Security Fund
Reserve for Losses
$97,949,604
$86,985,800
Reserve for Loss Adjustment Expenses
$25,586,044
$22,785,745
Reserve for Unearned Premiums
$170,730,174
$153,988,084
Reserve for Other Expenses $61,727,644
$49,210,749
Total Liabilities
$355,993,466
$312,970,378
Policyholders' Security Fund
$244,715,184
$229,065,710
Total Liabilities & Security Fund
$600,708,650
$542,036,088
Statement of Income
Premiums Earned
$324,339,595
$292,246,452
Losses and Loss Expenses Incurred
($201,574,190)
($178,153,177)
Underwriting Expenses Incurred
($113,602,790)
($98,645,576)
Net Underwriting Gain
$9,162,615
$15,447,699
Net Investment Gain
$6,453,018
$9,399,071
Other Income
$1,479,533
$628,179
Dividends to Policyholders
($795,084)
($4,094,943)
Federal Income Taxes
($4,051,448)
($2,317,026)
Net Income
$12,248,634
$19,062,980