Income Statement

Statutory Statement of Income

Income

  2025 2024
Premium Income    
Direct & Assumed $ 1,700,475,019 $ 1,608,211,107
Less: Ceded 1,529,800,607 1,463,374,365
  $ 170,674.412 $ 144,836,742
Investment & other income 36,711,923 35,450,274
Total Income $ 207,386,335 $ 180,287,016

Operating Expenditures

Benefits to policyowners    
Life 6,029,078 6,494,812
Annuities 36,733,772 39,656,306
Health 134,648,809 89,248,563
  177,411,659 135,399,681
Increase (decrease) in aggregate reserves (18,853,004) (14,862,717)
Total Policy Benefits and Reserves $ 158,558,655 $ 120,536,964
Commissions, net of reinsurance allowance (31,907,128) (31,472,873)
General insurance expense 39,025,007 36,070,467
Insurance taxes, licenses and fees, including ACA tax 33,285,862 31,536,617
Separate account transfers (89,097) (1,661,979)
Total Operating Expenditures $ 198,873,299 $ 155,009,196
Income Before Income Taxes 8,513,036 25,277,820
Federal Income Taxes 1,430,891 5,647,419
Income Before Capital Gains $ 7,082,145 $ 19,630,401
Net Realized Capital Gain/(Losses) 1,522,022 3,609,896
Net Income $ 8,604,167 $ 23,240,297