Balance Sheet

Statutory Balance Sheet

Admitted Assets

2022 2021
Investments
Bonds $ 812,516,468 $783,482,676
Preferred stocks 10,137,897 12,413,596
Common stocks
Unaffiliated 4,382,700 5,591,861
Affiliated 5,077,749 5,017,948
Mortgage loans 3,184,450 3,379,711
Policy loans 6,535,287 6,644,733
Cash and short term 51,959,655 73,893,843
Other invested assets 53,633,006 50,151,694
Receivable for securities 10,000 10,000
Premiums due and deferred 42,218,526 37,920,954
Investment income due and accrued 7,478,091 5,509,327
Receivable from affiliates 6,284,499 7,637,986
Due from reinsurance and other companies 19,083,509 4,871,194
State Guaranty Fund Deposits 1,893,131 2,467,083
Federal and state tax recoverable 2,954,738 1,261,811
From separate accounts statement 4,621,153 6,632,687
Total Admitted Assets $ 1,031,970,859 $1,006,887,104

Liability and Reserves

Policy reserves $ 467,558,518 $479,375,682
Claims reserves 27,542,664 25,935,298
Advance premiums and unapplied receipts 2,054,282 14,580,964
Due to reinsurers and other companies 98,366,933 65,604,376
Commissions, taxes and general expenses due and accrued 8,578,825 7,698,819
Interest maintenance reserve 87,410 131,203
Advances from Federal Home Loan Bank 80,000,000 81,200,000
Asset valuation reserve 15,625,473 15,731,700
Federal income tax payable 489,471 100,944
Payable for securities --- 5,409
From separate accounts statement 4,621,153 6,632,687
Total Liabilities and Reserves $ 704,924,729 $696,997,082

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 2,373,294 2,296,519
Unassigned surplus 325,617,017 308,550,223
Treasury stock, at cost (6,444,181) (6,456,720)
Total Capital and Surplus $ 327,046,130 309,890,022
Total Liabilities, Capital and Surplus $ 1,031,970,859 $1,006,887,104