Since 1897
122nd Financial Statement
as of December 31, 2019
(From the Report to the Superintendent of the New York State Departmen of Financial Services)
Assets
2018
2019
Cash and Short Term Investments
4,846,342
7,167,328
U.S. Government Bonds
16,398,573
13,485,219
Municipal Bonds
56,193,954
58,935,941
Stocks
48,745,522
58,855,216
Real Estate
401,900
384,263
Premiums in Course of Collection
1,315,335
1,423,116
Reinsurance Recoverable
115,401
128,433
Accrued Interest on Investments
555,117
572,245
All Other Assets
3,953,703
5,034,436
TOTAL ASSETS
$132,525,847
$145,986,197
Liabilities
Reserve for Losses and Adjustment Expense
2,301,758
1,779,003
Reserve for Unearned Premiums
2,919,221
2,979,847
Reserve for Other Liabilities
8,679,805
9,896,838
TOTAL LIABILITIES
$13,900,784
$14,655,688
Surplus Account
Special Contingent Surplus
566,616
573,895
Unassigned Funds
118,058,447
130,756,614
Total Policyholder Surplus
$118,625,063
$131,330,509
TOTAL LIABILITIES AND SURPLUS
$132,525,847
$145,986,197
Direct written premiums
18,765,565
19,076,396
Net written premiums
4,591,533
4,620,435
RATED A+ (SUPERIOR) by A.M. Best Company
RATED A" (UNSURPASSED) by Demotech Inc.
