Financial Strength
Condensed Consolidated Statutory Financial Report for 2021
Statements of Admitted Assets, Liabilities and Surplus as of | 12/31/2021 (in 000’s) | 12/31/2020 (in 000’s) | |
Bonds | $388,607 | $353,438 | |
Common and Preferred Stocks | 181,272 | 159,774 | |
Real Estate | 10,961 | 8,704 | |
Cash and Short-Term Investments | 59,377 | 53,202 | |
Premiums and Agents’ Balances | 81,984 | 74,118 | |
Other Assets | 9,200 | 9,559 | |
Total Admitted Assets | $731,401 | $658,795 | |
Unpaid Losses & Loss Adjustment Expense | $193,549 | $183,036 | |
Unearned Premiums | 126,957 | 115,114 | |
Other Liabilities | 45,618 | 40,670 | |
Total Liabilities | 366,124 | 338,820 | |
Total Policyholders’ Surplus | 365,277 | 319,975 | |
Total Liabilities & Surplus | $731,401 | $658,795 | |
Statements of Income for the years ended | 12/31/2021 (in 000’s) | 12/31/2020 (in 000’s) | |
Net Premium Earned | $234,188 | $213,210 | |
Losses and Loss Adjustment Expenses | 134,546 | 101,370 | |
Other Underwriting Expenses | 84,254 | 77,419 | |
Net Underwriting Gain | 15,388 | 34,421 | |
Investment Income | 22,054 | 17,847 | |
Other Income | 497 | (1,117) | |
Income Tax (Expense) | (7,194) | (10,312) | |
Net Income | $30,745 | $40,839 |

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