Summary Statement of Income
|
2019 |
2018 |
| Premiums earned |
$ 24,394,000 |
$ 24,336,000 |
| Losses and loss adjustment expense |
-18,489,000 |
-17,001,000 |
| Other underwriting expense |
-1,950,000 |
-1,719,000 |
| Net underwriting income |
$ 3,955,000 |
$ 5,616,000 |
| Investment income |
3,081,000 |
2,544,000 |
| Dividends to Policyholders |
-3,000,000 |
-3,385,000 |
| Income before federal income taxes |
$ 4,036,000 |
$ 4,775,000 |
| Federal income tax expense |
-963,000 |
-1,093,000 |
| Net income |
$ 3,073,000 |
$ 3,682,000 |
Summary Statement of Admitted Assets, Liabilities and Surplus
|
Admitted Assets |
|
2019 |
2018 |
| Cash and investments |
$ 125,545,000 |
$ 110,095,000 |
| Other Assets |
1,426,000 |
3,022,000 |
| Total admitted assets |
$ 126,971,000 |
$ 113,117,000 |
|
Liabilities and Surplus |
|
2019 |
2018 |
| Loss reserves |
$ 54,504,000 |
$ 50,191,000 |
| Other liabilities |
10,487,000 |
5,856,000 |
| Total liabilities |
$ 64,991,000 |
$ 56,047,000 |
| Surplus |
61,980,000 |
57,070,000 |
| Total liabilities and surplus |
$ 126,971,000 |
$ 113,117,000 |
|