Financial Summary
ASSETS 2010 2009
Cash in Banks $231,947 $301,171
Bonds $715,041 $763,719
Stocks (Market Value) $697,283 $620,207
Premium Balances $519,402 $551,189
Real Estate $309,574 $319,959
Other Assets $280,902 $185,720
TOTAL $2,754,149 $2,741,965
     
LIABILITIES 2010 2009
Reserve for Unearned Premium $332,795 $339,314
Reserve for Losses & Adjusting $208,538 $189,862
Reserve for All Other Liabilities $305,951 $337,647
Total $847,284 $866,823
Policyholders Security Account $1,906,865 $1,875,142
TOTAL $2,754,149 $2,741,965
 
OPERATING RESULTS 2010 2009
Premiums Earned $531,427 $553,226
Losses Incurred $346,946 $336,754
Loss Adjusting Expense $48,107 $42,033
Underwriting Expense $228,346 $240,962
RESULTS FROM UNDERWRITING ($91,972) ($66,523)
     
Investment and Other Income $24,998 $50,943
Realized Capital Gains (Losses) ($46,311) ($59,126)
Unrealized Capital Gains (Losses) $115,904 $180,742
Capital Adjustments $29,104 $15,134
RESULTS FROM INVESTMENTS $123,695 $187,693
Federal Income Tax Incurred - -
Net Gain (Loss) $31,723 $121,170
POLICY HOLDERS SECURITY ACCOUNT $1,906,865 $1,875,142
Last Modified: Monday, 21-Feb-2011 16:05:44 Eastern Standard Time