Comparative Financial Statement as of December 31, 2023
Company Performance
Written Premium & Total Assets: 2019-2023
Percent of Total Premium by State
Assets, Liabilities and Surplus, and Combined Ratio: 2023 v 2023
| Assets |
2023 |
2022 |
| Bonds |
$660,474,000 |
$680,315,000 |
| Stocks |
$239,235,000 |
$210,274,000 |
| Real Estate |
$9,810,000 |
$10,118,000 |
| Cash and Short-term Investments |
$8,159,000 |
$22,154,000 |
| Net Premium Receivable |
$100,273,000 |
$87,291,000 |
| Other Assets |
$43,262,000 |
$19,748,000 |
| Total Assets |
$1,061,213,000 |
$1,029,900,000 |
| Liabilities and Surplus | 2023 | 2022 |
|---|
| Losses/Loss Adjustment Reserves | $294,273,000 | $247,449,000 |
| Unearned Premiums | $178,604,000 | $160,511,000 |
| Accrued Expenses | $31,073,000 | $33,776,000 |
| Other Liabilities | $15,816,000 | $15,073,000 |
| Total Liabilities | $519,766,000 | $456,809,000 |
| Policyholders' Surplus | $541,447,000 | $573,091,000 |
| Total Liabilities and Surplus | $1,061,213,000 | $1,029,900,000 |
| Combined Ratio |
2023 |
2022 |
|
123.6% |
101.4% |