Financial Summary

ASSETS	2009	2008
Cash in Banks	$3,011,316	$17,421,286
Bonds	$56,318,103	$47,240,076
Stocks (Market Value)	$127,313,242	$111,449,771
Other Investments	$357,918	$395,536
Real Estate	$3,129,665	$3,235,550
Premium Balances	$2,466,921	$2,750,611
Other Assets	$3,079,048	$3,064,531
TOTAL	$195,676,213	$185,557,361
LIABILITIES	2009	2008
Reserve for Unearned Premium	$30,400,736	$31,548,428
Reserve for Losses & Adjusting	$16,234,222	$17,167,819
Reserve for Deferred Income Taxes	$14,805,357	$12,806,913
Federal Income Tax Payable	$776,670	-
Reserve for Other Liabilities	$4,820,906	$4,791,071
Total Liabilities	$67,037,891	$66,314,231
Policyholders Security Account	$128,638,322	$119,243,150
TOTAL	$195,676,213	$185,557,381
OPERATING RESULTS	2009	2008
Premiums Earned	$56,538,180	$60,580,058
Losses Incurred	$32,940,864	$38,625,047
Loss Adjusting Expense	$4,388,021	$4,349,071
Underwriting Expense	$20,704,588	$20,852,579
RESULTS FROM UNDERWRITING	($1,495,293)	($3,246,639)
Investment Income	$4,497,823	$6,140,580
Realized Capital Gains (Losses)	$4,600,541	$3,639,423
Unrealized Capital Gains (Losses)	$7,452,019	($70,778,922)
Capital Adjustments	($3,983,829)	$23,094,986
RESULTS FROM INVESTMENTS	$12,566,554	($37,903,933)
Federal Income Tax Incurred	$1,676,089	$1,078,610
Net Gain (Loss)	$9,395,172	($42,229,182)
POLICYHOLDERS SECURITY ACCOUNT	$128,638,322	$119,243,150

Last Modified: Tuesday, 02-Mar-2010 11:15:52 Eastern Standard Time