|
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 |
|
|
