Financial Strength

Condensed Consolidated Statutory Financial Report for 2021

Statements of Admitted Assets, Liabilities and Surplus as of12/31/2021
(in 000’s)		 12/31/2020
(in 000’s)  
Bonds$388,607 $353,438
Common and Preferred Stocks181,272 159,774
Real Estate10,961 8,704
Cash and Short-Term Investments59,377 53,202
Premiums and Agents’ Balances81,984 74,118
Other Assets9,200 9,559
    Total Admitted Assets$731,401 $658,795
    
Unpaid Losses & Loss Adjustment Expense$193,549 $183,036
Unearned Premiums126,957 115,114
Other Liabilities45,618 40,670
    Total Liabilities366,124 338,820
    Total Policyholders’ Surplus365,277 319,975
    Total Liabilities & Surplus$731,401 $658,795
    
  Statements of Income for the years ended12/31/2021
(in 000’s)		 12/31/2020
(in 000’s)  
Net Premium Earned$234,188 $213,210
Losses and Loss Adjustment Expenses134,546 101,370
Other Underwriting Expenses84,254 77,419
Net Underwriting Gain 15,388 34,421
Investment Income22,054 17,847
Other Income497 (1,117)
Income Tax (Expense)(7,194) (10,312)
    Net Income $30,745 $40,839
2021 Annual Statement (PDF Format)
2021 Annual Statement (Interactive)

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