Financial Summary

ASSETS	2010	2009
Cash in Banks	$498,882	$369,487
Bonds	$1,208,996	$1,224,732
Stocks (Market Value)	$6,052,828	$5,577,013
Premium Balances	$17,206	$17,720
Other Assets	$22,474	$78,905
TOTAL	$7,800,386	$7,267,857
LIABILITIES	2010	2009
Reserve for Unearned Premium	$22,067	$22,796
Reserve for Losses & Adjusting	$33,475	$57,542
Reserve for Deferred Income Taves	$870,530	$689,958
Reserve for All Other Liabilities	$66,756	$115,890
Total	$992,828	$886,186
Policyholders Security Account	$6,807,558	$6,381,671
TOTAL	$7,800,386	$7,267,857
OPERATING RESULTS	2010	2009
Premiums Earned	$34,821	$36,862
Losses Incurred	$27,691	$61,196
Loss Adjusting Expense	$1,358	$9,692
Underwriting Expense	$14,419	($8,773)
RESULTS FROM UNDERWRITING	($8,647)	($25,253)
Investment Income	$86,951	$58,986
Realized Capital Gains (Losses)	($13,657)	$354,322
Unrealized Capital Gains (Losses)	$541,812	($2,424)
Capital Adjustments	($180,572)	($104,369)
RESULTS FROM INVESTMENTS	$434,534	$306,515
Federal Income Tax Incurred	-	-
Net Gain (Loss)	$425,887	$281,262
POLICYHOLDERS SECURITY ACCOUNT	$6,807,558	$6,381,671

Last Modified: Monday, 21-Feb-2011 16:05:35 Eastern Standard Time