Since 1897
123rd Financial Statement
as of December 31, 2020
(From the Report to the Superintendent of the New York State Departmen of Financial Services)
Assets
2019
2020
Cash and Short Term Investments
7,167,328
8,604,894
U.S. Government Bonds
13,485,219
14,495,321
Municipal Bonds
58,935,941
60,146,623
Stocks
58,855,216
67,397,724
Real Estate
384,263
367,463
Premiums in Course of Collection
1,423,116
1,405,031
Reinsurance Recoverable
128,433
-0-
Accrued Interest on Investments
572,245
555,662
All Other Assets
5,034,436
4,316,037
TOTAL ASSETS
$145,986,197
$157,288,755
Liabilities
Reserve for Losses and Adjustment Expense
1,779,003
1,891,989
Reserve for Unearned Premiums
2,979,847
3,045,043
Reserve for Other Liabilities
9,896,838
11,684,912
TOTAL LIABILITIES
$14,655,688
$16,621,944
Surplus Account
Special Contingent Surplus
573,895
581,389
Unassigned Funds
130,756,614
140,085,422
Total Policyholder Surplus
$131,330,509
$140,666,811
TOTAL LIABILITIES AND SURPLUS
$145,986,197
$157,288,755
Direct written premiums
19,076,396
19,489,903
Net written premiums
4,620,435
4,711,027
RATED A+ (SUPERIOR) by A.M. Best Company
RATED A" (UNSURPASSED) by Demotech Inc.
