Summary Statement of Income
|
2020 |
2019 |
| Premiums earned |
$ 21,328,000 |
$ 24,394,000 |
| Losses and loss adjustment expense |
-17,244,000 |
-18,489,000 |
| Other underwriting expense |
-2,016,000 |
-1,950,000 |
| Net underwriting income |
$ 2,068,000 |
$ 3,955,000 |
| Investment income |
3,311,000 |
3,081,000 |
| Dividends to Policyholders |
- |
-3,000,000 |
| Income before federal income taxes |
$ 5,379,000 |
$ 4,036,000 |
| Federal income tax expense |
-939,000 |
-963,000 |
| Net income |
$ 4,440,000 |
$ 3,073,000 |
Summary Statement of Admitted Assets, Liabilities and Surplus
|
Admitted Assets |
|
2020 |
2019 |
| Cash and investments |
$ 130,247,000 |
$ 125,545,000 |
| Other Assets |
982,000 |
1,426,000 |
| Total admitted assets |
$ 131,229,000 |
$ 126,971,000 |
|
Liabilities and Surplus |
|
2020 |
2019 |
| Loss reserves |
$ 58,691,000 |
$ 54,504,000 |
| Other liabilities |
5,509,000 |
10,487,000 |
| Total liabilities |
$ 64,200,000 |
$ 64,991,000 |
| Surplus |
67,029,000 |
61,980,000 |
| Total liabilities and surplus |
$ 131,229,000 |
$ 126,971,000 |
|