We recall some of the wrong turns we might have made, turns that threatened to keep us from our destination. But our traditional route, keeping to the straight-aways, was clearly the best way to go, and once again we at Livingston Mutual arrived safely at the end of a satisfactory business year, maintaining a solid financial business position.
Our financials reflect Assets of $2.8 million and Policyholders Security Account of $1.9 million, representing a small increase over the prior year. With the sluggish housing market, the economic pressures on premium growth were very evident throughout our trading areas in New York and northern Pennsylvania. Throughout the year, the Company responded to a number of weather-generated claim events with financial integrity, as we are prepared to meet the most fundamental obligation … the promise to pay.
We look forward with renewed hope and enthusiasm for success in an industry that has been our mainstay for more than a century.
As a member of the Lititz Mutual Group, we are committed and positioned to remain a steady and dependable force in the industry. Our 2011 motto, Timeless Service, speaks to that commitment, a commitment of personal service, enhanced technological capabilities and the financial strength our policyholders deserve. We thank our policyholders for their confidence in Livingston Mutual. We appreciate and value the opportunity to serve. Timeless Service does make a difference.
