| Underwriting income: |
| Premiums earned |
$14,197,884 |
$14,079,302 |
| |
| Deductions: |
| Losses incurred |
2,661,736 |
1,494,821 |
| Loss adjustment expenses incurred |
5,380,697 |
2,724,901 |
| Other underwriting expenses incurred |
3,991,427 |
3,282,722 |
| |
12,033,860 |
7,502,444 |
| Net underwriting gain/ (loss) |
2,164,024 |
6,576,858 |
| |
| Investment Income: |
| Net investment income earned |
2,596,252 |
2,427,509 |
| Realized capital gains / (losses) - net of tax (2015: $106,861; 2014: $1,753,000) |
301,845 |
3,402,616 |
| Net investment gain |
2,898,097 |
5,830,125 |
| |
| Other income / (expense): |
| Loss from balances charged off |
(30,665) |
(14,790) |
| Finance and service charges not included in premiums |
273,087 |
220,465 |
| Other income |
27,014 |
10,904 |
| Net other income |
269,436 |
216,579 |
| |
| Income before dividends to policyholders and federal income taxes |
5,331,557 |
12,623,562 |
| Dividends to policyholders |
979,524 |
1,716,459 |
| Income before federal income taxes incurred |
4,352,033 |
10,907,103 |
| Federal income taxes incurred |
782,820 |
1,635,709 |
| Net income |
$3,569,213 |
$9,271,394 |
