Statutory Statements of Admitted Assets, Liabilities and Policyholders' Surplus
| As of December 31, | ||
| Admitted Assets | 2011 | 2010 |
| Cash and investments: | ||
| Bonds, at amortized cost | ||
| ( market 2011: $48,483,546; 2010: $45,785,268 ) | $46,150,865 | $44,307,613 |
| Preferred stocks, at amortized cost | ||
| ( market 2011: $2,463,460; 2010: $1,359,239 ) | 2,336,165 | 1,266,329 |
| Preferred stocks, at market | ||
| (cost 2011: $803,463; 2010: $308,092 ) | 781,230 | 317,649 |
| Common stocks, at market | ||
| ( cost 2011: $12,639,676; 2010: $15,823,782 ) | 15,700,850 | 19,575,789 |
| Cash and short-term investments | 4,866,578 | 3,235,621 |
| Other invested assets | 4,254,781 | 3,381,690 |
| Receivable for securities | 235,383 | - |
| Cash and investments | 74,325,852 | 72,084,691 |
| Interest and dividend income due and accrued | 587,530 | 786,910 |
| Premiums in course of collection | 2,127,832 | 2,327,543 |
| Reinsurance recoverables on claim payments | 158,429 | 141,006 |
| Other amounts receivable under reinsurance contracts | 870,959 | 435,546 |
| Current Net Federal income tax recoverable | 1,825,700 | 2,417,665 |
| Deferred Net Federal income tax asset | 1,408,000 | 1,475,000 |
| Electronic data processing equipment and software, net of accumulated | ||
| depreciation ( 2011: $227,661; 2010: $217,292 ) | 31,764 | 26,407 |
| Receivable from subsidiary | 428,401 | 478,223 |
| Other | 22,629 | - |
| Total assets | $81,787,096 | $80,172,991 |
| Liabilities and Policyholders'Surplus | 2011 | 2010 |
| Liabilities: | ||
| Unpaid losses | $15,153,489 | $17,476,432 |
| Unpaid loss adjustment expenses | 12,209,892 | 10,824,172 |
| Commissions, contingent commissions payable | - | - |
| Taxes, licenses, fees and other expenses payable | 548,988 | 808,885 |
| Unearned premiums | 6,451,066 | 7,892,117 |
| Advance premiums | 778,097 | 589,698 |
| Dividends declared and unpaid | 1,048,000 | - |
| Ceded reinsurance premiums payable, net of ceding commissions | 636,479 | 714,515 |
| Funds held by company under reinsurance treaties | 26,916 | 3,073 |
| Amounts withheld by company for account of others | 207,208 | 207,208 |
| Provision for reinsurance | 4,188 | 10,947 |
| Payable for securities | 19,800 | 139,265 |
| Unearned installment charges | 62,353 | 74,478 |
| Total liabilities | 37,146,476 | 38,740,790 |
| Policyholders' Surplus: | ||
| Total Policyholders' Surplus | 44,640,620 | 41,432,201 |
| Total liabilities and Policyholders' Surplus | $81,787,096 | $80,172,991 |