Financials

Statutory Statements of Admitted Assets, Liabilities and Policyholders' Surplus

  As of December 31, 2014
Admitted Assets 2014 2013         
Cash and investments:    
   Bonds, at amortized cost    
       (market 2014: $52,344,292; 2013: $50,932,358) $50,122,899 $49,666,128
    Bonds, at market    
     (amortized cost 2014: $0; 2013: $1,453,085) -   1,407,612
   Preferred stocks, at amortized cost    
          (market 2014: $1,926,272; 2013: $2,487,822) 1,836,364 2,223,429
   Preferred stocks, at market    
    (amortized cost 2014: $1,203,290; 2013: $1,350,758 ) 1,231,259 1,252,802
   Common stocks, at market    

    (cost 2014: $14,638,779; 2013: $11,392,053)		 19,597,306 18,661,074
   Cash and short-term investments 5,288,014  5,220,247
   Other invested assets 11,337,833  7,001,198
   Receivable for securities 7,806 240,785
        Cash and investments 89,421,481 85,673,275
     
Interest and dividend income due and accrued 608,005 598,264
Premiums in course of collection 2,141,698 2,076,835
Reinsurance recoverables on claim payments 25,557 17,271
Other amounts receivable under reinsurance contracts                  902,746 525,234
Current Net Federal income tax recoverable                                           1,879,285 1,141,801
Deferred Net Federal income tax asset   -
Receivable from subsidiary 153,052 160,051
Other                                                                                58,497 138,662

    Total assets 

 $95,190,321
 		   $90,331,393
 
     
Liabilities and Policyholders'Surplus 2014 2013
Liabilities:    
   Unpaid losses 8,439,262 9,786,925
   Unpaid loss adjustment expenses 8,330,299 10,238,950
   Taxes, licenses, fees and other expenses payable 980,128 1,030,600
   Net Deferred Tax Liability 626,899 641,373 
   Unearned premiums 6,491,492 6,481,502
   Advance premiums 782,592 748,858
   Dividends declared and unpaid 1,789,687 1,335,635
   Ceded reinsurance premiums payable, net of ceding commissions 622,972 534,145
   Funds held by company under reinsurance treaties 899,153 318,722
   Amounts withheld by company for account of others  7,696 7,696
   Provision for reinsurance  - 468
   Payable to parent, subsidiaries and affiliates - 139,700
   Payable for securities 27,900 178,033
   Other 89,612 105,073
      Total liabilities 29,087,692  31,547,680
Policyholders' Surplus:    
      Total Policyholders' Surplus 66,102,629  58,783,713
      Total liabilities and Policyholders' Surplus  $95,190,321      $90,331,393