We are currently experiencing higher than usual call volume due to the number of storm claims submitted. Our adjusters are working to assist everyone quickly and return calls as soon as possible. We appreciate your patience, and will do our best to get back with you promptly.

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Maintaining a sound financial base that provides adequate capital to meet the company’s long-term obligations is part of our strategic objectives. Currently, the company is rated A+/Superior from the A.M. Best Company, an independent rating organization serving the insurance industry. Our financial security and stability is a reflection of responsible and loyal policyholders, professional independent agency partners, a supportive board of directors and a dedicated employee team.

For more information on our financial base, please see our latest financial statement below:

Financial Performance

($ in thousands)
2022 2021
Balance Sheet
Bonds $441040 $437083
Common Stocks 201170 238107
Real Estate 2948 3024
Cash and Short term Investments 58919 71964
Premiums Receivable 62009 62914
MCCA Refund Receivable - 50953
Other Assets 6908 7632
Total Assets $772994 $871677
Liabilities and Policyholder Protection
Losses in Process of Adjustment $146845 $157912
Unearned Premiums 120444 120604
Accrued Expenses 17003 20302
MCCA Refund Liability - 50953
Other Liabilities 14935 24641
Total Liabilities 299227 374411
Reserve for Policyholder Protection 473767 497266
Total Liabilities and Policyholder Protection $772994 $871677
Income Statement
Net Premiums Earned $232517 $246997
Net Investment Income 14889 35550
Total Income Earned $247406 $282548
Claims and Policy-Related Expenses $218736 $228007
Administrative Expenses 12816 14186
Total Expenses $231552 $242193
Net Income Before Taxes $15853 $40355
Less Income Tax Expense 3122 2937
Net Income $12732 $37418
Combined Ratio 99.6 98.9