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Financial Statement

 
       
 
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December 31, 2008

 

ASSETS

2008 2007
U.S. Government & Agency Bonds - Amortized 119,165,112 159,244,968
Corporate Bonds - Amortized Value 56,250,366 43,085,631
Municipal Bonds - Amortized Value 10,949,988 673,200
Stocks - Market Value 63,183,500 93,944,120
Real Estate - Depreciated Value 5,492,504 5,671,005
Cash in Banks 22,418,367 8,148,332
Premiums Receivable 14,796,315 13,977,528
Accrued Interest and Other Assets 10,082,715 3,463,713
TOTAL ASSETS 302,338,867 328,208,497
     
LIABILITIES    
Losses in Process of Adjustment 62,224,727 62,316,016
Unearned Premiums 54,275,839 53,775,426
Accounts Payable and Accrued Benefits 6,293,757 7,198,085
Contingencies and Taxes 3,146,825 9,757,320
TOTAL LIABILITIES 125,941,148 133,046,847
     
Reserve for Policyholder's Protection 176,397,719 195,161,650
TOTAL 302,338,867 328,208,497
DIRECT PREMIUMS WRITTEN 146,492,633

145,129,638

LOSSES INCURRED 88,310,177 79,623,759
 

 
Learn more about our 2008 financial performance:
A Message from the President
 
 
 

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