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OTSEGO MUTUAL FIRE INSURANCE COMPANY

Since 1897
121st Financial Statement
as of December 31, 2018
(From the Report to the Superintendent of the Department of Financial Services, State of New York)

 

Assets   2017 2018
Cash and Short Term Investments   4,886,283 4,846,342
U.S. Government Bonds   15,263,386 16,398,573
Municipal Bonds   51,214,333 56,193,954
Stocks   54,344,774 48,745,522
Real Estate   421,342 401,900
Premiums in Course of Collection   1,384,053 1,315,335
Reinsurance Recoverable   130,128 115,401
Accrued Interest on Investments   538,499 555,117
All Other Assets   3,613,418 3,953,703
       
TOTAL ASSETS   $131,796,216  $132,525,847
       
Liabilities      
Reserve for Losses and Adjustment Expense   2,310,647 2,301,758
Reserve for Unearned Premiums   2,970,024 2,919,221
Reserve for Other Liabilities   9,696,657 8,679,805
       
TOTAL LIABILITIES   $14,977,328 $13,900,784
       
Surplus Account      
Special Contingent Surplus   559,385 566,616
Unassigned Funds   116,259,501 118,058,447
Total Policyholder Surplus   $116,618,887 $118,625,063
       
TOTAL LIABILITIES AND SURPLUS   $131,586,216 $132,525,847
       
Direct written premiums   18,966,350 18,765,565
Net written premiums   4,691,206 4,591,533


RATED A+ (SUPERIOR) by A.M. Best Company

RATED A" (UNSURPASSED) by Demotech Inc.


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