Tuesday, September 25, 2018
   
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OTSEGO MUTUAL FIRE INSURANCE COMPANY

Since 1897
120th Financial Statement
as of December 31, 2017
(From the Report to the Superintendent of the Department of Financial Services, State of New York)

 

Assets   2016 2017
Cash and Short Term Investments   6,122,545 4,886,283
U.S. Government Bonds   15,736,891 15,263,386
Municipal Bonds   46,148,368 51,214,333
Stocks   45,568,085 54,344,774
Real Estate   441,376 421,342
Premiums in Course of Collection   1,513,045 1,384,053
Reinsurance Recoverable   238,346 130,128
Accrued Interest on Investments   576,414 538,499
All Other Assets   3,185,068 3,613,418
       
TOTAL ASSETS   $119,530,138 $131,796,216 
       
Liabilities      
Reserve for Losses and Adjustment Expense   2,444,798 2,310,647
Reserve for Unearned Premiums   2,926,256 2,970,024
Reserve for Other Liabilities   9,527,995 9,696,657
       
TOTAL LIABILITIES   $14,899,049 $14,977,328
       
Surplus Account      
Special Contingent Surplus   551,976 559,385
Unassigned Funds   104,079,113 116,259,501
Total Policyholder Surplus   $104,631,089 $116,618,887
       
TOTAL LIABILITIES AND SURPLUS   $119,530,138 $131,586,216
       
Direct written premiums   18,465,150 18,966,350
Net written premiums   4,641,149 4,691,206


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

RATED A" (UNSURPASSED) by Demotech Inc.


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