Financial Information


A.M. Best
Financial Strength
Rating
Financial Statement
December 31, 2020.

Assets 2020 2019
Cash and Short-term Investments 12,663,561 11,306,289
U.S. Government Bonds 32,066,003 27,940,317
Miscellaneous Bonds 57,977,000 58,782,239
Stocks 16,622,647 14,642,925
Real Estate 244,178 290,373
Premiums in Course of Collection 2,970,505 3,076,196
Reinsurance Recoverable 101,676 474,624
Interest Due and Accrued 630,847 640,314
All Other Assets    3,881,883 4,680,846
TOTAL ASSETS
$ 127,158,300 $ 121,834,123
Liabilities    
Reserve for Losses 19,228,804 19,464,223
Reserve for Loss Adjustment Expenses 4,542,830 4,464,173
Reserve for Unearned Premiums 22,940,952 22,832,713
Taxes 672,056 440,493
Other Liabilities 4,287,326 4,965,762
TOTAL LIABILITIES
$ 51,671,968 $ 52,167,364
Surplus Account    
Special Contingent Surplus 950,000 950,000
Surplus Note 2,000,000 3,500,000
Unassigned Surplus 72,536,332 65,216,759
TOTAL SURPLUS
$ 75,486,332 $ 69,666,759
TOTAL
$ 127,158,300 $ 121,834,123