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OTSEGO MUTUAL FIRE INSURANCE COMPANY

Since 1897
119th Financial Statement
as of December 31, 2016
(From the Report to the Superintendent of the Department of Financial Services, State of New York)

 

Assets   2015  2016
Cash and Short Term Investments   11,180,657 6,122,545
U.S. Government Bonds   13,856,732 15,736,891
Municipal Bonds   43,921,069 46,148,368
Stocks   38,189,340 45,568,085
Real Estate   444,366 441,376
Premiums in Course of Collection   1,466,911 1,513,045
Reinsurance Recoverable   109,127 238,346
Accrued Interest on Investments   502,391 576,414
All Other Assets   3,643,920 3,185,068
       
TOTAL ASSETS   $113,314,513 $119,530,138
       
Liabilities      
Reserve for Losses and Adjustment Expense   2,650,777 2,444,798
Reserve for Unearned Premiums   2,839,921 2,926,256
Reserve for Other Liabilities   9,010,077 9,527,995
       
TOTAL LIABILITIES   $14,500,775 $14,899,049
       
Surplus Account      
Special Contingent Surplus   544,591 551,976
Unassigned Funds   98,269,147 104,079,113
Total Policyholder Surplus   $98,813,738 $104,631,089
       
TOTAL LIABILITIES AND SURPLUS   $113,314,513 $119,530,138
       
Direct written premiums   17,783,498 18,465,150
Net written premiums   4,437,074 4,641,149


RATED A+ (SUPERIOR) by A.M. Best Company

RATED A" (UNSURPASSED) by Demotech Inc.


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