|
ASSETS |
2020 |
2019 |
2018 |
2017 |
2016 |
|
Cash on Hand |
$6,671,827 |
$5,708,770 |
$8,680,718 |
$3,863,523 |
$2,389,990 |
|
Bonds |
$73,545,853 |
$70,821,358 |
$61,161,121 |
$59,757,730 |
$56,434,801 |
|
Preferred Stock |
$0 |
$0 |
$42,075 |
$480,850 |
$489,000 |
|
Common Stocks |
$8,339,007 |
$4,442,263 |
$3,380,980 |
$3,369,179 |
$3,322,896 |
|
Mutual Funds |
$25,753,824 |
$22,870,252 |
$16,534,972 |
$18,479,739 |
$14,628,236 |
|
Reinsurance Recoverable |
$250,307 |
$150,961 |
$32,321 |
$63,467 |
$260,614 |
|
Real Estate |
$367,952 |
$384,437 |
$404,455 |
$424,473 |
$418,354 |
|
Premium Receivable |
$5,513,303 |
$5,387,792 |
$5,433,480 |
$5,294,202 |
$5,007,874 |
|
Accrued Investment Income |
$448,212 |
$468,132 |
$554,276 |
$560,175 |
$504,673 |
|
Other Assets |
$438,994 |
$429,155 |
$302,533 |
$347,522 |
$468,262 |
|
Total: |
$121,329,279 |
$110,663,120 |
$96,526,931 |
$92,640,860 |
$83,924,700 |
|
|
|||||
|
LIABILITIES AND POLICYHOLDERS' SURPLUS |
|||||
|
Reserve for Unearned Premium |
$21,471,770 |
$20,708,606 |
$19,820,433 |
$18,680,628 |
$17,568,584 |
|
Reserve for Losses & Expenses |
$12,708,580 |
$11,052,073 |
$11,930,680 |
$9,901,272 |
$9,728,087 |
|
Reserve for All Other Liabilities |
$4,611,443 |
$4,678,504 |
$3,265,685 |
$3,616,464 |
$3,056,799 |
|
Reinsurance Balances Payable |
$-173,821 |
$-35,554 |
$-83,662 |
$-86,688 |
$-57,468 |
|
Total Liabilities: |
$38,617,972 |
$36,403,629 |
$34,933,136 |
$32,111,676 |
$30,296,002 |
|
Policyholders' Security Account |
$82,711,307 |
$74,259,491 |
$61,593,795 |
$60,529,184 |
$53,628,698 |
|
Total: |
$121,329,279 |
$110,663,120 |
$96,526,931 |
$92,640,860 |
$83,924,700 |
|
|
|||||
|
INCOME |
|||||
|
Direct Premium Written |
$39,518,815 |
$37,902,223 |
$36,172,960 |
$34,485,960 |
$32,740,474 |
|
Premiums Earned |
$37,714,876 |
$35,305,683 |
$33,162,880 |
$31,095,764 |
$29,192,489 |
|
Losses Incurred |
$18,934,109 |
$18,192,508 |
$19,119,237 |
$14,345,592 |
$15,612,677 |
|
Loss Expense Incurred |
$2,440,025 |
$2,161,353 |
$2,054,964 |
$1,746,468 |
$1,570,363 |
|
Underwriting Expense |
$11,090,353 |
$11,171,001 |
$10,506,518 |
$9,685,912 |
$9,275,999 |
|
Net Underwriting Results |
$5,250,390 |
$3,780,821 |
$1,482,161 |
$5,317,792 |
$2,733,450 |
|
Investment Income |
$2,008,008 |
$2,193,417 |
$1,776,817 |
$1,482,494 |
$1,277,205 |
|
Realized Capital Gains (loss) |
$-275,686 |
$-1,557 |
$-11,367 |
$273,243 |
$-51,714 |
|
Unrealized Capital Gains (loss) |
$2,630,643 |
$3,246,431 |
$-1,921,251 |
$2,280,019 |
$950,101 |
|
Net Investment Results |
$4,362,965 |
$5,438,291 |
$-155,801 |
$4,035,756 |
$2,175,592 |
|
Other Income & Capital Adjustments |
$412,265 |
$372,736 |
$520,621 |
$-120,113 |
$518,701 |
|
Income Taxes |
$1,573,804 |
$1,282,483 |
$782,370 |
$2,332,949 |
$1,412,326 |
|
Net Change |
$8,451,816 |
$8,309,365 |
$1,064,611 |
$6,900,486 |
$4,015,417 |
|
|
|||||
|
Policyholders' Security Account |
$82,711,308 |
$74,259,491 |
$61,593,795 |
$60,529,184 |
$53,628,698 |
|
|
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|
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|
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|
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|
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|
|
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|
|
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|
|
|||||
|
Combined Ratio |
85.44% |
88.10% |
94.46% |
81.80% |
88.30% |
