|
ASSETS |
2007 |
2006 |
|
U.S.
Government & Agency Bonds - Amortized |
159,244,968 |
167,595,739 |
|
Corporate Bonds - Amortized Value |
43,085,631 |
31,458,482 |
|
Municipal Bonds - Amortized Value |
673,200 |
1,079,402 |
|
Stocks
- Market Value |
93,944,120 |
85,830,157 |
|
Real
Estate - Depreciated Value |
5,671,005 |
5,924,399 |
|
Cash in
Banks |
8,148,332 |
3,978,167 |
|
Premiums Receivable |
13,977,528 |
14,207,040 |
|
Accrued
Interest and Other Assets |
3,463,713 |
3,374,996 |
|
TOTAL
ASSETS |
328,208,497 |
313,448,386 |
| |
|
|
|
LIABILITIES |
|
|
|
Losses
in Process of Adjustment |
62,316,016 |
60,375,505 |
|
Unearned Premiums |
53,775,426 |
54,738,628 |
|
Accounts Payable and Accrued Benefits |
7,198,085 |
6,857,912 |
|
Contingencies and Taxes |
9,757,320 |
10,947,517 |
|
TOTAL
LIABILITIES |
133,046,847 |
132,919,562 |
| |
|
|
|
Reserve
for Policyholder's Protection |
195,161,650 |
180,528,824 |
|
TOTAL |
328,208,497 |
313,448,386 |
|
DIRECT
PREMIUMS WRITTEN |
145,129,638 |
143,915,729 |
|
LOSSES
INCURRED |
79,623,759 |
67,840,115 |
|
|
