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Company Financials

Comparative Financial Statement as of December 31, 2010 (printer friendly)
(in thousands)


Assets
2010
2009
Bonds
$499,415
$476,203
Common Stocks
51,144
43,551
Real Estate
3,807
4,187
Cash and Short-term Investments
18,490
32,165
Net Premium Receivable
70,321
66,493
Other Assets
29,954
24,142
TOTAL ASSETS
$673,131
$646,741
Liabilities and Surplus
Loss and Loss Adjustment Reserves
$188,884
$166,485
Unearned Premiums
137,601
130,244
Accrued Expenses
20,743
20,618
Other Liabilities
25,520
22,037
TOTAL LIABILITIES
372,748
339,384
Policyholders' Surplus
300,383
307,357
TOTAL LIABILITIES AND SURPLUS
$673,131
$646,741
Combined Ratio
112.0%
106.0%

The Company is represented by over 900 independent agencies in the states of Michigan, Ohio, Illinois, Indiana, Wisconsin, and introducing Iowa in 2010.


Hastings Mutual is rated A+ Superior by the A.M. Best Company.

Hastings Mutual is rated A+ Excellent by Weiss Ratings for exceptional financial strength.

 

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