Balance Sheet

Statutory Balance Sheet

Admitted Assets

  2025 2024
Investments    
Bonds $ 891,227,857 $ 854,081,850
Preferred stocks 6,998,756 9,371,744
Common stocks    
Unaffiliated 9,064,200 6,713,877
Affiliated 17,165,766 16,022,015
Mortgage loans 2,809,040 2,774,223
Policy loans 7,130,719 6,714,918
Cash and short term 76,130,356 67,619,308
Other invested assets 58,125,029 62,723,847
Receivable for securities - -
Premiums due and deferred 33,505,236 34,085,649
Investment income due and accrued 7,272,938 7,317,767
Receivable from affiliates 13,102,272 8,740,912
Due from reinsurance and other companies 15,925,966 27,982,585
State Guaranty Fund Deposits 1,029,959 1,148,548
Federal and state tax recoverable 4,691,637 2,625,283
From separate accounts statement 4,028,308 3,551,306
Admitted disallowed IMR 2,337,816 3,029,497
Total Admitted Assets $ 1,150,545,855 $ 1,114,503,329

Liability and Reserves

Policy reserves $ 423,789,097 $ 432,035,968
Claims reserves 33,562,798 30,241,570
Advance premiums and unapplied receipts 11,220,865 33,773,239
Due to reinsurers and other companies 86,668,561 85,789,720
Commissions, taxes and general expenses due and accrued 11,784,832 9,196,004
Interest maintenance reserve - 34,539
Advances from Federal Home Loan Bank 186,857,312 134,992,312
Asset valuation reserve 19,942,418 19,610,052
Federal income tax payable 115,093 64,560
From separate accounts statement
Payable for securities		 4,028,308
600,000		 3,551,306
-
Total Liabilities and Reserves $ 783,969,284 $ 749,289,270

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 2,538,289 2,538,289
Special surplus - admitted IMR asset 2,335,102 3,029,497
Unassigned surplus 366,925,836 364,868,930
Treasury stock, at cost (10,722,657) (10,722,657)
Total Capital and Surplus $ 366,576,570 $ 365,214,059
Total Liabilities, Capital and Surplus $ 1,150,545,854 $ 1,114,503,329