b'FINANCIALSAssets 2025 2024Bonds $442,149,935 $376,449,880 Stocks 131,440,800 105,479,046 Real Estate 12,009,435 6,658,094 Cash & Short-term Investments 34,560,660 47,656,201 Premiums Receivable 64,698,286 55,925,705 Other Assets 9,950,456 12,830,185 Total Assets $694,809,572 $604,999,111 Liabilities & Policyholders Surplus 2025 2024Reserve for Unpaid Loss $123,558,739 $112,097,003 Unearned Premiums 184,246,562 161,103,378 Other Liabilities 45,888,996 43,322,290 Total Liabilities $353,694,297 $316,522,671 Policyholders Surplus 341,115,275 288,476,440 Total Liabilities & Surplus $694,809,572 $604,999,111 Underwriting Income 2025 2024Premiums Earned $410,681,303 $348,442,561 Loss & Loss Adjustment Expense 255,705,763 241,388,038Underwriting Expense 118,349,339 102,237,330Underwriting Gain/(Loss) $36,626,201 $4,817,193 Net Investment Income $19,797,930 $17,781,102 Other Income (Expense) (476,288) 868,122 Federal Income Tax (11,077,810) (4,261,396)Net Income/(Loss) $44,870,033 $19,205,021 Operating Ratios 2025 2024Losses Incurred to Premiums Earned 62.2% 69.3%Expense Incurred to Net Premiums Written 27.3% 27.1%Combined Loss & Expense Ratio 89.5% 96.4%'