The Strength of Our Past
is the
Foundation of Our Future

Independent agents market our products and services to over 75,000 policyholders in upstate New York.

 

 

A.M. Best Rated
“A”
Excellent

Financial Size Category VIII

Financial Strength

Statutory Statements of Income: 2013 2012
 
Premiums Earned $55,293,960 $52,582,234
Losses and LAE Incurred ($21,659,169) ($25,207,682)
Underwriting Expense ($23,507,576) ($21,710,486)

Net Underwriting Income $10,127,215 $5,664,066
Net Investment Gain $4,420,712 $4,156,403
Other Income, Net $744,256 $758,229

Income Before Taxes $15,292,183 $10,578,698
Income Tax Expense ($4,197,000) ($2,800,000)

Net Income $11,095,183 $7,778,698
Statutory Balance Sheets:
 
Investments $153,417,910 $136,747,092
Premium Receivables $8,849,358 $8,254,364
Deferred Tax Asset $1,633,791 $2,284,612
Other Assets $1,539,036 $1,926,983

Total Admitted Assets $165,440,095 $149,213,051
Unpaid Loss and LAE $17,638,371 $16,794,343
Unearned Premiums $31,524,335 $29,530,721
Other Liabilities $9,767,991 $8,565,085

Total Liabilities $58,930,697 $54,890,149
Surplus $106,509,398 $94,322,902

Total Liabilities and Surplus $165,440,095 $149,213,051