Financial Summary
ASSETS 2007 2006
Cash in Banks $542,063 $325,130
Bonds $666,728 $669,933
Stocks (Market Value) $813,351 $786,796
Premium Balances $623,598 $662,230
Real Estate $323,648 $333,600
Other Assets $201,914 $357,066
TOTAL $3,171,302 $3,134,755
     
LIABILITIES
Reserve for Unearned Premium $365,672 $370,229
Reserve for Losses & Adjusting $257,391 $277,098
Reserve for All Other Liabilities $462,979 $547,401
Total $1,086,042 $1,194,728
Policyholders Security Account $2,085,260 $1,940,027
TOTAL $3,171,302 $3,134,755
 
OPERATING RESULTS 2007 2006
Premiums Earned $587,337 $618,184
Losses Incurred $407,201 $392,780
Loss Adjusting Expense $40,067 $49,368
Underwriting Expense $202,060 $211,366
RESULTS FROM UNDERWRITING ($61,991) ($35,330)
     
Investment and Other Income $176,326 $95,295
Realized Capital Gains (Losses) ($9,644) $12,119
Unrealized Capital Gains (Losses) $32,654 $51,390
Capital Adjustments $7,888 ($1,524)
RESULTS FROM INVESTMENTS $207,224 $157,280
Federal Income Tax Incurred - -
Net Gain (Loss) $145,233 $121,950
POLICY HOLDERS SECURITY ACCOUNT $2,085,260 $1,940,027