Balance Sheet

Statutory Balance Sheet

Admitted Assets

December 31, 2019 December 31, 2018
Investments
Bonds $ 775,803,715 $ 847, 194,666
Preferred stocks 4,136,246 5,140,033
Common stocks
Unaffiliated 6,188,305 5,743,933
Affiliated 167,203 250,804
Mortgage loans 3,072,204 2,518,407
Policy loans 7,593,145 7,387,510
Cash and short term 118,524,390 100,179,408
Other invested assets 22,456,134 12,066,930
Receivable for securities 14,602 10,000
Premiums due and deferred 17,151,525 13,548,147
Investment income due and accrued 6,663,318 7,207,067
Receivable from affiliates 4,839,014 9,768,335
Due from reinsurance and other companies 2,327,781 8,680,076
State Guaranty Fund Deposits 3,552,992 4,518,077
Federal and state tax recoverable 2,394,440 3,179,868
From separate accounts statement 5,272,684 5,425,395
Total Admitted Assets $ 980,157,698 $1,032,818,656

Liability and Reserves

Policy reserves $ 489,297,770 $ 516,579,568
Claims reserves 25,763,149 21,802,440
Group contingency reserve
Advance premiums and unapplied receipts 11,300,243 13,553,343
Due to reinsurers and other companies 36,083,045 94,249,625
Commissions, taxes and
General expenses due and accrued 4,875,539 6,483,007
Interest maintenance reserve 4,487,648 5,363,820
Advances from Federal Home Loan Bank 112,960,000 104,660,000
Asset valuation reserve 7,245,652 6,283,244
Reinsurance in unauthorized companies -- --
Federal income tax payable 249,524 70,298
Payable for securities 16,000,000 16,000,000
From separate accounts statement 5,272,684 5,425,395
Total Liabilities and Reserves $ 713,535,254 $ 790,470,740

Capital and Surplus

Capital stock -- 1,000,000 shares $ 2,500,000 $ 2,500,000
Preferred stock 3,000,000 3,000,000
Paid-in surplus 2,130,598 1,939,906
Unassigned surplus 265,390,147 241,348,100
Treasury stock, at cost (6,398,301) (6,440,097)
Total Capital and Surplus $ 266,622,444 $ 242,347,916
Total Liabilities, Capital and Surplus $ 980,157,698 $ 1,032,818,656