ABOUT

Financials

Condensed Consolidated Statutory Financial Report

  Statements of Admitted Assets, Liabilities and Surplus  as of

12/31/2018
(in 000’s)
  12/31/2017  
(in 000’s)  
 
Bonds $289,496   $281,633
Common Stocks 117,162   129,992
Preferred Stocks 5,064   0
Real Estate 4,691   4,807
Cash and Short-Term Investments 43,214   30,560
Premiums and Agents' Balances 55,368   52,336
Other Assets 4,627   7,694
       
    Total Admitted Assets $519,622   $507,022
       
Unpaid Losses & Loss Adjustment Expense $177,681   $154,401
Unearned Premiums 97,857   92,747
Other Liabilities 22,138   27,850
       
    Total Liabilities 297,676   274,998
       
    Total Policyholders’ Surplus 221,946   232,024
       
    Total Liabilities & Surplus $519,622   $507,022
       
 
  Statements of Income for the years ended 12/31/2018
(in 000’s)
  12/31/2017  
(in 000’s)  
 
Net Premium Earned $181,255   $169,501
Losses and Loss Adjustment Expenses 137,932   103,469
Other Underwriting Expenses 72,346   62,900
       
Net Underwriting Gain [2018 ($13,114) excluding IT system write-down] (29,023)   3,312
Investment Income 15,384   10,456
Other Income 42   141
Income Tax (Expense) (783)   (3,360)
       
    Net Income [2018 $1,529 excluding IT system write-down] $14,380   $10,369
 

 

Complete 2018 Annual Statement (PDF Format)

Employee & Community 2018 Year-in-Review (PDF Format)

Interactive 2018 Annual Statement