PROFORMA STATEMENT OF ADMITTED ASSETS, LIABILITIES, AND POLICYHOLDERS
SURPLUS–STATUTORY BASIS
December 31, 2023
|
Cash and Invested Cash |
$439,449 |
|
Bonds |
5,408,966 |
|
Stocks and Mutual Funds |
1,914,062 |
|
Real Estate |
231,989 |
|
Uncollected Premiums |
190,486 |
|
Investment Income Due or Accrued |
45,932 |
|
Federal Income Taxes Recoverable |
9,400 |
|
Electronic Data Processing Equipment |
1,069 |
|
Furniture and Fixtures |
1,658 |
|
Total Assets |
8,243,011 |
|
Less Nonadmitted Assets: |
(1,658) |
|
TOTAL ADMITTED ASSETS |
$8,241,353 |
|
LIABILITIES |
|
|
Net Unpaid Losses |
$43,500 |
|
Unpaid Loss Adjustment Expenses |
2,188 |
|
Commissions and Accounts Payable |
72,631 |
|
Other Liabilities |
23,591 |
|
Unearned Premiums |
756,515 |
|
Premiums Received in Advance |
42,241 |
|
Reinsurance Premiums Payable |
63,918 |
|
Deferred Income Taxes |
19,000 |
|
Total Liabilities |
1,023,584 |
|
POLICYHOLDERS SURPLUS |
7,217,769 |
|
TOTAL LIABILITIES AND POLICYHOLDERS SURPLUS |
$8,241,353 |
