Comparative Financial Statement as of December 31, 2024
Company Performance
Written Premium & Total Assets: 2020-2024
Percent of Total Premium by State
Assets, Liabilities and Surplus, and Combined Ratio: 2023 v 2024
| Assets | 2024 | 2023 |
|---|
| Bonds | $647,009,000 | $660,474,000 |
| Stocks | $255,383,000 | $239,235,000 |
| Real Estate | $9,521,000 | $9,810,000 |
| Cash and Short-term Investments | $38,701,000 | $8,159,000 |
| Net Premium Receivable | $92,130,000 | $100,273,000 |
| Other Assets | $30,134,000 | $43,262,000 |
| Total Assets | $1,072,878,000 | $1,061,213,000 |
| Liabilities and Surplus | 2024 | 2023 |
|---|
| Losses/Loss Adjustment Reserves | $310,089,000 | $294,273,000 |
| Unearned Premiums | $172,152,000 | $178,604,000 |
| Accrued Expenses | $34,103,000 | $31,073,000 |
| Other Liabilities | $12,280,000 | $15,816,000 |
| Total Liabilities | $528,624,000 | $519,766,000 |
| Policyholders' Surplus | $544,254,000 | $541,447,000 |
| Total Liabilities and Surplus | $1,072,878,000 | $1,061,213,000 |
| Combined Ratio | 2024 | 2023 |
|---|
| | 113.7% | 123.6% |