Since 1897
126th Financial Statement
as of December 31, 2023
(From the Report to the Superintendent of the New York State Department of Financial Services)
Assets
2022
2023
Cash and Short Term Investments
7,689,836
7,516,867
U.S. Government Bonds
25,708,233
27,525,677
Municipal Bonds
58,929,085
63,475,486
Stocks
69,994,106
78,522,102
Real Estate
505,639
584,398
Premiums in Course of Collection
1,477,430
1,532,690
Reinsurance Recoverable
4,748
8,100
Accrued Interest on Investments
641,294
699,145
All Other Assets
5,240,099
5,247,084
TOTAL ASSETS
$170,190,470
$185,111,549
Liabilities
Reserve for Losses and Adjustment Expense
1,797,606
2,025,782
Reserve for Unearned Premiums
3,382,582
3,783,324
Reserve for Taxes (Income & Deferred)
9,492,339
11,480,821
Reserve for Other Liabilities
3,859,343
4,513,911
TOTAL LIABILITIES
$18,531,870
$21,803,838
Surplus Account
Special Contingent Surplus
597,134
605,382
Unassigned Funds
151,061,466
162,702,329
Total Policyholder Surplus
$151,658,600
$163,307,711
TOTAL LIABILITIES AND SURPLUS
$170,190,470
$185,111,549
Direct written premiums
22,066,418
24,439,463
Net written premiums
5,071,894
5,529,406
RATED A+ (SUPERIOR) by A.M. Best Company
