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Financial Strength: Built on Trust, Shared with Transparency

 

We know that financial strength is more than just a number—it’s a reflection of our commitment to stability, transparency, and long-term trust. Assigned to insurance companies that have a superior ability to meet their ongoing insurance obligations, we currently hold an A+ Financial Strength Rating with AM Best.

Blue APlusSuperior

Each year, we share our financial results to ensure our policyholders, partners agents, and employees have clear insight into our performance. You can view our most recent annual results below.

2025 Assets, Liabilities, & Surplus

Assets202520242023
Cash and Short-Term Securities$12,978,602$7,031,525$1,840,827
Bonds (Amortized Cost)134,058,888128,952,274131,417,504
Stocks (Market Value)6,657,4523,552,9173,540,547
Other Invested Assets0013,229
Mortgage Loans8,784,6638,974,4407,272,481
Real Estate002,247,123
Receivables for Securities300,00000
Accrued Investment Income832,305708,201741,005
Premium Balances24,088,91223,701,98023,668,961
Company Owned Life Insurance7,105,1427,263,2806,672,684
Deferred Taxes/Taxes Receivable2,917,7415,398,7023,209,194
Loss Recoverable from Reinsurers578,893989,2851,445,481
Computer Hardware41,36341,74173,978
Total Assets$198,343,961$186,614,345$182,143,014

Liabilities & Surplus202520242023
Reserves for Losses & Adjusting Expenses$72,347,496$69,344,775$74,001,634
Reserve for Unearned Premiums59,532,16660,485,71762,312,162
Reserve for General Expenses6,938,5054,851,5764,799,978
Reserve for Premiums Paid in Advance2,447,7852,493,3672,269,084
Reinsurance Payable839,584587,653784,054
Reinsurance Payable - Rural3,878,081
Reserve for Federal Income Taxes0
0
0
Reserve for Pension Benefits0615,4271,985,859
Reserve for Other Liabilities929,589741,993615,131
Policyholder Surplus51,430,75547,493,83735,375,112
Total Liabilities & Surplus$198,343,961$186,614,345$182,143,014

2025 Statement of Income

202520242023
Premiums Written$134,771,655$137,306,981$147,180,616
Change in Unearned Premiums735,1601,826,4454,709,181
Reinsurance Ceded(18,440,257)(15,305,302)(20,858,576)
Premiums Earned$117,066,559$123,828,124$131,031,221
Losses Incurred$59,008,992$73,193,887$106,628,581
Loss Adjusting Expenses Incurred18,491,75811,691,21812,819,727
Underwriting Expenses Incurred35,819,54334,662,98037,553,742
Underwriting Gain (Loss)3,746,266
4,280,039
(25,970,829)
Underwriting Gain Ceded3,878,081
--
Net Investment Income$3,838,075$3,297,583$4,552,160
Other Income1,076,878831,223950,832
Dividends to Policyholders(126,979)(152,397)(183,900)
Federal Income Taxes-(9,894)(647,957)
Net Gain (Loss)4,656,159
8,266,342
($20,003,780)
Net Premium/Surplus Ratio2.262.573.57
Percentage Growth in Premiums Written-1.85%-6.71%-4.95%

View Our Annual Statement

National Association of Professional Insurance Agents
BIgI
bbb accredited business