 |
  |
As of December 31, 2007
(in thousands)
|
|
| Assets |
2007 |
2006 |
|
Bonds |
$471,506 |
$443,697 |
|
Common Stocks |
46,103 |
44,728 |
|
Real Estate |
4,524 |
4,859 |
|
Cash and Short-term Investments |
7,881 |
7,143 |
|
Net Premium Receivable |
67,983 |
64,689 |
|
Other Assets |
19,890 |
19,118 |
|
TOTAL ASSETS |
$617,887 |
$584,234 |
| Liabilities
and Surplus |
|
|
|
Loss and Loss Adjustment
Reserves |
$180,346 |
$169,759 |
|
Unearned Premiums |
122,885 |
118,883 |
|
Accrued Expenses |
20,333 |
20,625 |
|
Other Liabilities |
7,413 |
5,553 |
|
TOTAL LIABILITIES |
330,977 |
314,800 |
|
Policyholders' Surplus |
286,910 |
269,434 |
|
TOTAL LIABILITIES AND SURPLUS |
$617,887 |
$584,234 |
| Combined
Ratio |
99.5% |
90.5% |
|
|
|
|
| The Company is represented by over
900 independent agencies in the states of Michigan,
Ohio, Illinois, Indiana, and Wisconsin. |
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 |
| |
Hastings Mutual is rated A+ Superior by the A.M. Best Company.
Hastings Mutual is a member of the 2007 Ward's 50 Benchmark Group. |
|