Balance Sheet

Statutory Balance Sheet

Admitted Assets

2020 2019
Investments
Bonds $ 801,454,203 $ 775,803,715
Preferred stocks 16,321,447 4,136,246
Common stocks
Unaffiliated 5,720,156 6,188,305
Affiliated 83,601 167,203
Mortgage loans 3,637,203 3,072,204
Policy loans 7,078,312 7,593,145
Cash and short term 53,316,453 118,524,390
Other invested assets 36,308,758 22,456,134
Receivable for securities 10,000 14,602
Premiums due and deferred 24,929,704 17,154,151
Investment income due and accrued 5,589,018 6,663,318
Receivable from affiliates 6,942,464 4,839,014
Due from reinsurance and other companies 8,659,282 2,327,781
State Guaranty Fund Deposits 3,113,212 3,552,992
Federal and state tax recoverable 2,262,357 2,394,440
From separate accounts statement 6,268,261 5,272,684
Total Admitted Assets $ 981,694,431 $ 980,160,324

Liability and Reserves

Policy reserves $ 479,056,809 $ 489,297,770
Claims reserves 23,771,248 25,763,149
Advance premiums and unapplied receipts 8,984,573 11,300,243
Due to reinsurers and other companies 59,692,572 36,085,671
Commissions, taxes and general expenses due and accrued 6,135,533 4,875,539
Interest maintenance reserve 178,878 4,487,648
Advances from Federal Home Loan Bank 93,320,000 112,960,000
Asset valuation reserve 10,798,632 7,245,652
Federal income tax payable --- 249,524
Payable for securities --- 16,000,000
From separate accounts statement 6,268,261 5,272,684
Total Liabilities and Reserves $ 688,206,506 $ 713,537,880

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 2,137,732 2,130,598
Unassigned surplus 292,334,545 265,390,147
Treasury stock, at cost (6,484,352) (6,398,301)
Total Capital and Surplus $ 293,487,925 $ 266,622,444
Total Liabilities, Capital and Surplus $ 981,694,431 $ 980,160,324