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% |
Hastings Mutual Insurance Company
404 E. Woodlawn Ave.
Hastings, MI 49058
Monday-Friday
8:00 a.m. - 4:30 p.m. (EST)
(800) 442-8277