Financial Strength

Condensed Consolidated Financial Report for 2025

Statements of Admitted Assets, Liabilities and Surplus as of	12/31/2025 (in 000’s)	12/31/2024 (in 000’s)
Bonds	$671,444	$687,905
Stocks – Common and Preferred	234,827	216,008
Real Estate	12,693	13,031
Cash and Short-Term Investments	126,197	66,143
Premiums and Agents’ Balances	128,608	124,737
Other Assets	21,854	26,749
Total Admitted Assets	$1,195,623	$1,134,573

Unpaid Losses & Loss Adjustment Expense	$495,202	$500,003
Unearned Premiums	195,740	199,472
Other Liabilities	66,237	46,336
Total Liabilities	757,179	745,811
Total Policyholders’ Surplus	438,444	388,762
Total Liabilities & Surplus	$1,195,623	$1,134,573

Statements of Income for the years ended	12/31/2025 (in 000’s)	12/31/2024 (in 000’s)
Net Premium Earned	$382,409	$379,145
Losses and Loss Adjustment Expenses	245,094	336,927
Other Underwriting Expenses	123,175	120,555
Net Underwriting Gain	14,140	(78,337)
Investment Income	44,864	35,838
Other Income / (Expense)	183	172
Income Tax (Expense)	(8,261)	3,021
Net Income (Loss)	$50,926	$(39,306)

AM Best Financial Size IX (Surplus greater than $250 million)