< PreviousFRONT ROW FROM LEFT TO RIGHT: James M. Harder, Chairman, Bluffton, Ohio, Miriam E. Shirk, Goshen, Indiana, Carlton L. Miller, Vice Chairman, Boalsburg, Pennsylvania, David C. Gautsche, President/CEO, Lancaster, Pennsylvania, Glennys H. Shouey, Mt. Crawford, Virginia, Lori B. Miller, Archbold, Ohio, Jeremy C. Shue, Goshen, Indiana. SECOND ROW FROM LEFT TO RIGHT: Donald L. Nice, Perkasie, Pennsylvania, Scott Miller, Defiance, Ohio, A. Pete Wyse, Wauseon, Ohio, Andrew Dula, Lancaster, Pennsylvania. THIRD ROW FROM LEFT TO RIGHT: Sanford L. Alderfer, Harleysville, Pennsylvania, Gregory A. Edwards, Napoleon, Ohio. PRESIDENT’S TEAM BOARD OF DIRECTORS Vince Zaffiro Chief Information Officer Philip Shirk Chief Financial Officer Michael Zimmerman Vice President Claims David Gautsche President & CEO Kathy Good Vice President Product Development Kevin Filler Vice President Underwriting Bruce Brizzi Vice President Marketing PAGE 08 GOODVILLE MUTUAL INSURANCE GROUP2022 FINANCIALS Assets20222021 Bonds$314,060,142$315,831,562 Stocks80,788,60290,839,640 Real Estate4,859,9486,196,447 Cash & Short-term Investments18,692,63311,954,599 Premiums Receivable31,514,77027,703,177 Other Assets7,097,6333,593,951 Total Assets$457,013,728$456,119,376 Liabilities & Policyholders’ Surplus20222021 Reserve for Unpaid Losses$77,442,876$72,899,242 Unearned Premiums90,194,92182,598,927 Other Liabilities25,343,38626,861,385 Total Liabilities$192,981,183$182,359,554 Policyholders’ Surplus264,032,545273,759,822 Total Liabilities & Surplus$457,013,728$456,119,376 Underwriting Income20222021 Premiums Earned$199,613,388$189,907,411 Loss & Loss Adjustment Expense137,372,185117,858,369 Underwriting Expense60,098,22056,913,175 Underwriting Gain/(Loss)$2,142,983$15,135,867 Net Investment Income$7,309,858$17,317,171 Other Income264,618(51,111) Federal Income (Tax) or Credit(2,821,576)(4,331,440) Net Income/(Loss)$6,895,883$28,070,487 Operating Ratios20222021 Losses Incurred to Premiums Earned68.8%62.0% Expense Incurred to Net Premiums Written29.0%29.3% Combined Loss and Expense Ratio97.8%91.3% $250 $200 $150 MILLIONS $100 $100 0 2022 2018 *2019 2020 2021 $209 ,511, 75 6 $224,902,483 $168,345,679 $191,524,448 $199 ,229 ,497 2022 2021 2020 2019 2018 0 Millions 50100150200250 300 $187,009,524 $208,444,872 $273,759,822 $242,483,933 $264,032,545 Direct Premium Written Policyholders’ Surplus Net Income (Loss) Expense Ratio / Combined Ratio 2022 2018 *2019 2020 2021 $7 ,462, 703 $26,292,064 $16,431,459 $28,070 ,487 70 60 50 40 30 20 10 0 MILLIONS $6,895,883 2018 *2019 2020 2021 2022 140 120 100 80 60 40 20 0 PERCENT AG ES 91.3 % 92.9 % 98.9 % 27 .7% 28. 0% 27 .3 % 90 .2 % 29 .0 % 29 .3 % 97 .8 % 27 .7% 29 .0 % * Lancaster Mutual included in Goodville Mutual Insurance Group for 2019 and forward. Combined Ratio Expense RatioWWW.GOODVILLE.COM | WWW.LANCASTERMUTUAL.COMNext >