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Financial
Results
110th
Financial Statement
December 31, 2007
(From the Report to the Superintendent of Insurance, State of New York)
|
Assets |
2006 |
|
2007 |
| Cash
and Short Term Investments |
$10,519,580 |
|
$10,097,960 |
| U.S.
Government Bonds |
$6,901,078 |
|
$6,851,129 |
| Municipal
Bonds |
$17,077,462 |
|
$19,993,916 |
| Stocks |
$35,721,055 |
|
$36,046,108 |
| Real
Estate |
$158,690 |
|
$347,064 |
| Premiums
in Course of Collection |
$2,263,246 |
|
$2,296,855 |
| Reinsurance
Recoverable |
$162,472 |
|
$186,641 |
| Accrued
Interest on Investments |
$354,319 |
|
$398,409 |
| All
Other Assets |
$2,212,297 |
|
$2,119,376 |
|
|
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TOTAL
ASSETS |
$75,370,199 |
|
$78,337,458 |
|
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Liabilities
|
|
|
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| Reserve
for Losses and Adjustment Expense |
$4,619,971 |
|
$4,414,160 |
| Reserve
for Unearned Premiums |
$2,799,319 |
|
$2,778,833 |
| Reserve
for Other Liabilities |
$5,263,373 |
|
$4,636,943 |
|
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TOTAL
LIABILITIES |
$12,682,663 |
|
$11,829,936 |
|
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Surplus
Account
|
|
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| Special
Contingent Surplus |
$479,897 |
|
$487,260 |
| Unassigned
Funds |
62,207,639 |
|
$66,020,262 |
| Total
Policyholder Surplus |
$62,687,536 |
|
$66,507,522 |
|
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|
|
| TOTAL
LIABILITIES AND SURPLUS |
$75,370,199 |
|
$78,337,458 |
|
|
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|
|
Direct written premiums |
$17,090,427 |
|
$16,911,299 |
|
Net written premiums |
$4,320,778 |
|
$4,317,074 |
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RATED
A+ (SUPERIOR) by A.M. Best Company
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