Since 1897
127th Financial Statement
as of December 31, 2024
(From the Report to the Superintendent of the New York State Department of Financial Services)
Assets
2023
2024
Cash and Short Term Investments
7,516,867
6,223,636
U.S. Government Bonds
27,525,677
27,701,070
Municipal Bonds
63,475,486
69,529,021
Stocks
78,522,102
88,477,630
Real Estate
584,398
655,131
Premiums in Course of Collection
1,532,690
1,621,115
Reinsurance Recoverable
8,100
23,691
Accrued Interest on Investments
699,145
761,688
All Other Assets
5,247,084
5,730,180
TOTAL ASSETS
$185,111,549
$200,723,162
Liabilities
Reserve for Losses and Adjustment Expense
2,025,782
2,578,366
Reserve for Unearned Premiums
3,783,324
4,250,148
Reserve for Taxes (Income & Deferred)
11,480,821
12,922,474
Reserve for Other Liabilities
4,513,911
3,951,883
TOTAL LIABILITIES
$21,803,838
$23,702,871
Surplus Account
Special Contingent Surplus
605,382
615,138
Unassigned Funds
162,702,329
176,405,153
Total Policyholder Surplus
$163,307,711
$177,020,291
TOTAL LIABILITIES AND SURPLUS
$185,111,549
$200,723,162
Direct written premiums
24,439,463
27,766,814
Net written premiums
5,529,406
6,277,690
RATED A+ (SUPERIOR) by A.M. Best Company
