Financial Summary
ASSETS 2009 2008
Cash in Banks $369,487 $917,522
Bonds $1,224,732 $947,991
Stocks (Market Value) $5,577,013 $4,962,376
Premium Balances $17,720 $20,753
Short Term Investments - -
Other Assets $78,905 $27,790
TOTAL $7,267,857 $6,876,432
     
LIABILITIES 2009 2008
Reserve for Unearned Premium $22,796 $23,783
Reserve for Losses & Adjusting $57,542 $31,125
Reserve for Deferred Income Taves $689,958 $585,589
Reserve for All Other Liabilities $115,890 $135,526
Total $886,186 $776,023
Policyholders Security Account $6,381,671 $6,100,409
TOTAL $7,267,857 $6,876,432
 
OPERATING RESULTS 2009 2008
Premiums Earned $36,862 $39,168
Losses Incurred $61,196 $17,288
Loss Adjusting Expense $9,692 $3,829
Underwriting Expense ($8,773) $7,140
RESULTS FROM UNDERWRITING ($25,253) $10,911
     
Investment Income $58,986 $207,731
Realized Capital Gains (Losses) $354,322 -
Unrealized Capital Gains (Losses) ($2,424) ($3,237,001)
Capital Adjustments ($104,369) $1,060,765
RESULTS FROM INVESTMENTS $306,515 ($1,968,505)
Federal Income Tax Incurred - -
Net Gain (Loss) $281,262 ($1,957,594)
POLICYHOLDERS SECURITY ACCOUNT $6,381,671 $6,100,409
Last Modified: Tuesday, 02-Mar-2010 11:44:47 Eastern Standard Time