Since 1897
125th Financial Statement
as of December 31, 2022
(From the Report to the Superintendent of the New York State Department of Financial Services)
Assets
2021
2022
Cash and Short Term Investments
11,074,900
7,689,836
U.S. Government Bonds
19,841,337
25,708,233
Municipal Bonds
58,972,218
58,929,085
Stocks
82,826,357
69,994,106
Real Estate
397,957
505,639
Premiums in Course of Collection
1,402,197
1,477,430
Reinsurance Recoverable
3,000
4,748
Accrued Interest on Investments
551,121
641,294
All Other Assets
4,617,688
5,240,099
TOTAL ASSETS
$179,686,775
$170,190,470
Liabilities
Reserve for Losses and Adjustment Expense
1,848,534
1,797,606
Reserve for Unearned Premiums
3,145,232
3,382,582
Reserve for Taxes (Income & Deferred)
12,480,690
9,492,339
Reserve for Other Liabilities
3,711,959
3,859,343
TOTAL LIABILITIES
$21,186,415
$18,531,870
Surplus Account
Special Contingent Surplus
588,956
597,134
Unassigned Funds
157,911,404
151,061,466
Total Policyholder Surplus
$158,500,360
$151,658,600
TOTAL LIABILITIES AND SURPLUS
$179,686,775
$170,190,470
Direct written premiums
20,242,891
22,066,418
Net written premiums
4,711,865
5,071,894
RATED A+ (SUPERIOR) by A.M. Best Company
