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Financials

Condensed Consolidated Statutory Financial Report for 2020

Statements of Admitted Assets, Liabilities and Surplus as of

12/31/2020
(in 000’s)
  12/31/2019
(in 000’s)  
 
Bonds $353,438   $326,463
Common and Preferred Stocks 159,774   155,130
Real Estate 8,704   5,369
Cash and Short-Term Investments 53,202   34,279
Premiums and Agents' Balances 74,118   64,882
Other Assets 9,559   7,975
       
    Total Admitted Assets $658,795   $594,098
       
Unpaid Losses & Loss Adjustment Expense $183,036   $179,146
Unearned Premiums 115,114   107,680
Other Liabilities 40,670   32,306
       
    Total Liabilities 338,820   319,132
       
    Total Policyholders’ Surplus 319,975   274,966
       
    Total Liabilities & Surplus $658,795   $594,098
       
 
  Statements of Income for the years ended 12/31/2020
(in 000’s)
  12/31/2019
(in 000’s)  
 
Net Premium Earned $213,210   $192,186
Losses and Loss Adjustment Expenses 101,370   96,620
Other Underwriting Expenses 77,419   72,026
       
Net Underwriting Gain [2018 ($13,114) excluding IT system write-down] 34,421   23,540
Investment Income 17,847   17,214
Other Income (1,117)   255
Income Tax (Expense) (10,312)   (8,914)
       
    Net Income [2018 $1,529 excluding IT system write-down] $40,839   $32,095
 


2020 Annual Statement (PDF Format)

2020 Annual Statement (Interactive)