Statutory Statements of Admitted Assets, Liabilities and Policyholders' Surplus

  As of December 31, 2015
Admitted Assets 2015 2014         
Cash and investments:    
   Bonds, at amortized cost    
       (market 2015: $53,641,217; 2014: $52,344,292) $51,920,888 $50,122,899
   Preferred stocks, at amortized cost    
          (market 2015: $1,955,331; 2014: $1,926,272) 1,849,150 1,836,364
   Preferred stocks, at market    
    (amortized cost 2015: $1,284,160; 2014: $1,203,290 ) 1,322,968 1,231,259
   Common stocks    
    (cost 2015: $18,420,984; 2014: $14,638,779) 23,231,545 19,597,306
   Cash and short-term investments 4,130,676  5,288,014
   Other invested assets 9,881,773  11,337,833
   Receivable for securities 24,852 7,806
        Cash and investments $92,361,852 $89,421,481
     
Interest and dividend income due and accrued 656,128 608,005
Premiums in course of collection 3,038,207 2,141,698
Reinsurance recoverables on claim payments 136 25,557
Other amounts receivable under reinsurance contracts                  624,891 902,746
Current Net Federal income tax recoverable                                           1,183,136 1,879,285
Deferred Net Federal income tax asset 246,378  -
Receivable from subsidiary 360,591 153,052
Other                                                                                61,949 58,497

    Total assets 

 $98,533,268
 		   $95,190,321
 
     
Liabilities and Policyholders'Surplus 2015 2014
Liabilities:    
   Unpaid losses 8.212,593 8,439,262
   Unpaid loss adjustment expenses 9,599,762 8,330,299
   Taxes, licenses, fees and other expenses payable 874,698 980,128
   Net Deferred Tax Liability - 626,899 
   Unearned premiums 6,670,469 6,491,492
   Advance premiums 886,584 782,592
   Dividends declared and unpaid 1,088,349 1,789,687
   Ceded reinsurance premiums payable, net of ceding commissions 671,206 622,972
   Funds held by company under reinsurance treaties 1,440,774 899,153
   Amounts withheld by company for account of others  7,696 7,696
     
   Payable for securities 67,245 27,900
   Other 129,872 89,612
      Total liabilities 29,649,248  29,087,692
Policyholders' Surplus:    
      Total Policyholders' Surplus 68,884,020  66,102,629
      Total liabilities and Policyholders' Surplus  $98,533,268      $95,190,321