Financial Summary
ASSETS 2007 2006
Cash in Banks $260,084 $147,269
Bonds $1,349,918 $1,549,975
Stocks (Market Value) $8,199,377 $9,104,460
Premium Balances $22,426 $19,903
Short Term Investments $0 $199,859
Other Assets $74,310 $47,814
TOTAL $9,906,115 $11,069,280
     
LIABILITIES    
Reserve for Unearned Premium $25,212 $245,522
Reserve for Losses & Adjusting $29,814 $290,678
Reserve for Deferred Income Taves $1,646,354 $1,890,520
Reserve for All Other Liabilities $146,732 $204,524
Total $1,848,112 $2,631,244
Policyholders Security Account $8,058,003 $8,438,036
TOTAL $9,906,115 $11,069,280
 
OPERATING RESULTS 2007 2006
Premiums Earned $40,605 $363,415
Losses Incurred $20,334 $170,015
Loss Adjusting Expense $6,271 $18,278
Underwriting Expense ($23,649) $236,498
RESULTS FROM UNDERWRITING $37,649 ($61,376)
     
Investment Income $243,296 $223,510
Realized Capital Gains (Losses) ($61) $285,893
Unrealized Capital Gains (Losses) $905,083 $1,075,932
Capital Adjustments $244,166 ($488,870)
RESULTS FROM INVESTMENTS ($417,682) $1,095,465
Federal Income Tax Incurred 0 0
Net Gain (Loss) ($380,033) $1,035,089
POLICYHOLDERS SECURITY ACCOUNT $8,058,003 $8,438,036