Reflections on 2010
Henry H. Gibbel
Henry H. Gibbel
Chairman/CEO
Henry R. Gibbel
Henry R. Gibbel
President/COO
It was a year in which the economy and weather had a direct effect on our operations. As our nation recovers from a recession, our production capabilities continue to be influenced by a flat housing market. The weather throughout Pennsylvania offered an inflated number of storm events that impacted our claims experience.

People and insurance companies learn and grow from adversity. Facing the stresses of a challenged insurance industry, Penn Charter nevertheless endures, founded on a stable tradition of integrity and responsibility.

In 2010 our rock solid balance sheet reveals assets of $7.8 million, a 7.4% increase. As a direct result of the Company’s financial integrity, our Policyholders Security Account was strengthened by a 6.7% increase to $6.8 million.

At Penn Charter, we are comfortable advocating the conservative approach. We believe that preserving the finest traditions, seasoned with ideas to solve contemporary problems, are a practical and creative response to today’s insurance complexities.

As a member of the Lititz Mutual Group, we are committed and positioned to remain a steady and dependable force in the industry. Our 2011 motto, Timeless Service, speaks to that commitment, a commitment of personal service, enhanced technological capabilities and the financial strength our policyholders deserve. We thank our policyholders for their confidence in Penn Charter. We appreciate and value the opportunity to serve. Timeless Service does make a difference.

Henry R. Gibbel
President/COO
Henry H. Gibbel
Chairman/CEO
Last Modified: Friday, 18-Feb-2011 12:40:43 Eastern Standard Time