< Previous10 2020 Financials Assets20202019 Bonds$281,027,797 $244,106,030 Stocks86,427,351 75,028,534 Real Estate6,439,468 6,094,181 Cash & Short-term Investments7,172,945 12,391,083 Premiums Receivable27,404,842 26,071,558 Other Assets2,901,899 3,554,725 Total Assets$411,374,302 $367,246,111 Liabilities & Policyholders’ Surplus20202019 Reserve for Unpaid Losses$65,420,692 $62,869,456 Unearned Premiums78,579,499 75,600,065 Other Liabilities24,890,178 20,331,718 Total Liabilities$168,890,369 $158,801,239 Policyholders’ Surplus242,483,933 208,444,872 Total Liabilities & Surplus$411,374,302 $367,246,111 Underwriting Income20202019 Premiums Earned$182,579,020 $173,336,881 Loss & Loss Adjustment Expense111,869,593 124,211,076 Underwriting Expense53,789,980 49,119,419 Underwriting Gain/(Loss)$16,919,447 $6,386 Net Investment Income$14,033,901 $9,209,722 Other Income352,080 406,520 Federal Income (Tax) or Credit(5,013,364)(2,159,925) Net Income/(Loss)$26,292,064 $7,462,703 Operating Ratios20202019 Losses Incurred to Premiums Earned61.2%71.6% Expense Incurred to Net Premiums Written29.0%27.3% Combined Loss and Expense Ratio90.2%98.9% $200 $150 MILLIONS $100 $100 0 2016 2017 2018 2019 2020 $144, 185,628 $154,437 ,267 $168,345,679 $191,524,448 $199 ,229 ,497 2020 2019 2018 2017 2016 0 Millions 50 100150200250 $164,413,410 $179,283,622 $187,009,524 $208,444,872 $242,483,933 Direct Premium Written Policyholders’ Surplus Net Income (Loss) Expense Ratio / Combined Ratio 2016 2017 2018 2019 2020 $7 ,462, 703 $26,292,064 $16,431,459 $9 ,404,392 $18,215,68 0 70 60 50 40 30 20 10 0 MILLIONS 2017 2018 2019 20202016 140 120 100 80 60 40 20 0 PERCENT AG ES 87 .1% 96.2% 92.9% 98.9% 27 .7% 27 .7% 28.0% 27 .3% 90 .2% 29% 27 .7% 2019 includes surplus assumed from the affiliation of Reamstown. Combined Ratio Expense Ratio11 Expense Ratio / Combined RatioInsurance Group | Working to earn your trust every dayNext >