Financial Strength

Comparative Balance Sheet

	12/31/19	12/31/18
Admitted Assets
Total Admitted Assets	$313,512,006	291,003,931
Liabilities
Total Liabilities	$183,874,791	182,302,629
Policyholder Surplus	$129,637,215	108,701,302
Total Liabilities & Surplus	$313,512,006	291,003,931

Two Year Income Statement

	12/31/19	12/31/18
Underwriting Gain	$6,522,261	1,211,473
Net Investment Income	$5,525,551	4,059,161
Total Other Income	$581,821	783,700
Net Income Before Income Taxes	$12,629,633	6,054,334
Net Income	$10,261,778	5,182,328
Change in Surplus	$20,935,913	9,399,178
Surplus End of Period	$129,637,215	108,701,302

Comparative Results

	Written Premium	Policyholder Surplus	Admitted Assets	Combined Ratio
2019	$210,940,835	$129,637,215	$313,512,006	95.84%
2018	201,463,139	108,701,302	291,003,931	98.71%
2017	193,408,226	99,302,124	276,645,456	101.97%
2016	184,850,895	97,435,995	262,103,546	101.63%
2015	175,015,305	94,479,777	245,158,129	98.30%
2014	160,332,451	160,332,451	233,827,582	100.80%
2013	148,606,238	87,706,063	225,328,952	96.10%
2012	139,487,692	79,078,890	205,124,517	96.77%
2011	133,213,853	72,977,453	192,443,537	97.64%
2010	125,952,121	69,344,383	184,113,397	96.66%