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Financial
Results
OTSEGO MUTUAL
FIRE INSURANCE COMPANY
Since 1897
112th
Financial Statement
December 31, 2009
(From the Report to the Superintendent of Insurance, State of New York)
|
Assets |
2008 |
|
2009 |
| Cash
and Short Term Investments |
$8,398,837 |
|
$5,931,923 |
| U.S.
Government Bonds |
$9,388,796 |
|
$7,876,006 |
| Municipal
Bonds |
$20,552,870 |
|
$25,607,691 |
| Stocks |
$28,305,252 |
|
$34,778,900 |
| Real
Estate |
$421,069 |
|
$488,641 |
| Premiums
in Course of Collection |
$2,283,142 |
|
$2,537,275 |
| Reinsurance
Recoverable |
$121,635 |
|
$144,685 |
| Accrued
Interest on Investments |
$435,416 |
|
$526,648 |
| All
Other Assets |
$2,399,966 |
|
$2,860,574 |
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TOTAL
ASSETS |
$72,306,983 |
|
$80,752,343 |
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Liabilities |
|
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| Reserve
for Losses and Adjustment Expense |
$4,400,624 |
|
$4,150,279 |
| Reserve
for Unearned Premiums |
$2,676,439 |
|
$2,697,931 |
| Reserve
for Other Liabilities |
$1,360,979 |
|
$4,030,135 |
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TOTAL
LIABILITIES |
$8,438,042 |
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$10,878,345 |
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Surplus Account |
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| Special
Contingent Surplus |
$494,485 |
|
$501,639 |
| Unassigned
Funds |
$63,374,456 |
|
$69,372,361 |
| Total
Policyholder Surplus |
$63,868,941 |
|
$68,874,000 |
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| TOTAL
LIABILITIES AND SURPLUS |
$72,306,983 |
|
$80,752,345 |
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Direct written premiums |
$16,816,079 |
|
$17,063,067 |
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Net written premiums |
$4,259,412 |
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$4,310,662 |
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RATED
A+ (SUPERIOR) by A.M. Best Company
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