Financial Summary
ASSETS 2009 2008
Cash in Banks $450,460 $829,787
Bonds $912,884 $498,364
Stocks (Market Value) $1,386,993 $1,173,930
Premium Balances $292,145 $306,001
Real Estate $125,083 $130,232
Other Assets $83,643 $117,178
TOTAL $3,251,208 $3,055,492
     
LIABILITIES 2009 2008
Reserve for Unearned Premium $177,971 $187,309
Reserve for Losses & Adjusting $138,190 $180,111
Reserve for All Other Liabilities $194,064 $278,814
Total $510,225 $646,234
Policyholders Security Account $2,740,983 $2,409,258
TOTAL $3,251,208 $3,055,492
 
OPERATING RESULTS 2009 2008
Premiums Earned $280,605 $301,288
Losses Incurred $149,552 $181,192
Loss Adjusting Expense $22,282 $29,139
Underwriting Expense $81,521 $100,913
RESULTS FROM UNDERWRITING $27,250 ($9,956)
     
Investment and Other Income $94,248 $97,530
Realized Capital Gains (Losses) ($219,490) $22,501
Unrealized Capital Gains (Losses) $434,014 ($602,904)
Capital Adjustments $2,893 ($495)
RESULTS FROM INVESTMENTS $311,665 ($483,368)
Federal Income Tax Incurred $7,190 $5,910
Net Gain (Loss) $331,725 ($499,234)
POLICYHOLDERS SECURITY ACCOUNT $2,740,983 $2,409,258
Last Modified: Tuesday, 02-Mar-2010 13:11:01 Eastern Standard Time