Balance Sheet

Statutory Balance Sheet

Admitted Assets

2021 2020
Investments
Bonds $783,482,676 $ 801,454,203
Preferred stocks 12,413,596 16,321,447
Common stocks
Unaffiliated 5,591,861 5,720,156
Affiliated 5,017,948 83,601
Mortgage loans 3,379,711 3,637,203
Policy loans 6,644,733 7,078,312
Cash and short term 73,893,843 53,316,453
Other invested assets 50,151,694 36,308,758
Receivable for securities 10,000 10,000
Premiums due and deferred 37,920,954 24,929,704
Investment income due and accrued 5,509,327 5,589,018
Receivable from affiliates 7,637,986 6,942,464
Due from reinsurance and other companies 4,871,194 8,659,282
State Guaranty Fund Deposits 2,467,083 3,113,212
Federal and state tax recoverable 1,261,811 2,262,357
From separate accounts statement 6,632,687 6,268,261
Total Admitted Assets $1,006,887,104 $ 981,694,431

Liability and Reserves

Policy reserves $479,375,682 $ 479,056,809
Claims reserves 25,935,298 23,771,248
Advance premiums and unapplied receipts 14,580,964 8,984,573
Due to reinsurers and other companies 65,604,376 59,692,572
Commissions, taxes and general expenses due and accrued 7,698,819 6,135,533
Interest maintenance reserve 131,203 178,878
Advances from Federal Home Loan Bank 81,200,000 93,320,000
Asset valuation reserve 15,731,700 10,798,632
Federal income tax payable 100,944 ---
Payable for securities 5,409 ---
From separate accounts statement 6,632,687 6,268,261
Total Liabilities and Reserves $696,997,082 $ 688,206,506

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 2,296,519 2,137,732
Unassigned surplus 308,550,223 292,334,545
Treasury stock, at cost (6,456,720) (6,484,352)
Total Capital and Surplus 309,890,022 $ 293,487,925
Total Liabilities, Capital and Surplus $1,006,887,104 $ 981,694,431