The Strength of Our Past
is the
Foundation of Our Future

Independent agents market our products and services to over 73,000 policyholders in upstate New York.

A.M. Best Rated
“A”
Excellent

Financial Strength

Statutory Statements of Income: 2012 2011
 
Premiums Earned $52,582,234 $50,729,736
Losses and LAE Incurred ($25,207,682) ($27,422,437)
Underwriting Expense ($21,710,486) ($20,382,347)
Net Underwriting Income $5,664,066 $2,924,952
Net Investment Gain $4,156,403 $3,820,272
Other Income, Net $758,229 $508,306
Income Before Taxes $10,578,698 $7,253,530
Income Tax Expense ($2,800,000) ($1,729,000)
Net Income $7,778,698 $5,524,530
Statutory Balance Sheets:
 
Investments $136,747,092 $125,204,587
Premium Receivables $8,254,364 $7,924,315
Deferred Tax Asset $2,284,612 $2,542,420
Other Assets $1,926,983 $2,380,962
Total Admitted Assets $149,213,051 $138,052,284
Unpaid Loss and LAE $16,794,343 $16,727,716
Unearned Premiums $29,530,721 $28,211,107
Other Liabilities $8,565,085 $7,641,159
Total Liabilities $54,890,149 $52,579,982
Surplus $94,322,902 $85,472,302
Total Liabilities and Surplus $149,213,051 $138,052,284