Financial Strength


Condensed Consolidated Statutory Financial Report for 2021

Statements of Admitted Assets, Liabilities and Surplus as of12/31/2022
(in 000’s)
 12/31/2021
(in 000’s)  
Bonds$425,259 $388,607
Common and Preferred Stocks163,877 181,272
Real Estate11,936 10,961
Cash and Short-Term Investments54,123 59,377
Premiums and Agents’ Balances91,849 81,984
Other Assets17,059 9,200
    Total Admitted Assets$764,099 $731,401
    
Unpaid Losses & Loss Adjustment Expense$270,497 $193,549
Unearned Premiums141,637 126,957
Other Liabilities31,760 45,618
    Total Liabilities443,895 366,124
    Total Policyholders’ Surplus320,204 365,277
    Total Liabilities & Surplus$764,099 $731,401
    
  Statements of Income for the years ended12/31/2022
(in 000’s)
 12/31/2021
(in 000’s)  
Net Premium Earned$260,667 $234,188
Losses and Loss Adjustment Expenses223,102 134,546
Other Underwriting Expenses86,731 84,254
Net Underwriting Gain (49,165) 15,388
Investment Income17,566 22,054
Other Income526 497
Income Tax (Expense)(5524) (7,194)
    Net Income (Loss)($25,548) $30,745

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