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Financial Statement

 
       
 
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December 31, 2007

 

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
 

 
Learn more about our 2007 financial performance:
A Message from the President
 
 
 

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