Financial Information
| PERIOD ENDING | DEC 31, 2018 | DEC 31, 2017 |
|---|---|---|
| ASSETS | ||
| Cash and Cash Equivalants | $108,768,832.47 | $107,041,404.01 |
| Reserve Account | $0,000.00 | $905,882.89 |
| A/C Premiums Due | $1,464,580.82 | $1,868,320.82 |
| TOTAL CURRENT ASSETS | $110,233,413.29 | $109,815,607.72 |
| Other Assets | $0,000.00 | $0,000.00 |
| TOTAL ASSETS | $110,233,413.29 | $109,815,607.72 |
| LIABILITIES | ||
| Current Liability | ||
| Commissions Payable | $260,634.00 | $371,662.50 |
| Reinsurance Payable | $171,781.50 | $244,959.38 |
| MGU Fees Payable | $309,206.70 | $367,439.06 |
| Reserves | $1,330,489.07 | $1,198,600.21 |
| TOTAL CURRENT LIABILITIES | $2,072,111.27 | $2,182,661.15 |
| EQUITY | ||
| Paid in Capital | $107,000,000.00 | $107,000,000.00 |
| Retained Earnings | $632,946.57 | $569.540.49 |
| Current Year Earnings | $528,355.45 | $63,406.08 |
| TOTAL EQUITY | $108,161,302.02 | $107,632,946.57 |
| TOTAL LIABIILTY AND EQUITY | $110,233,413.29 | $109,815,607 |