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N Y

ASSETS

2020

2019

2018

2017

2016

Cash on Hand

$6,671,827

$5,708,770

$8,680,718

$3,863,523

$2,389,990

Bonds

$73,545,853

$70,821,358

$61,161,121

$59,757,730

$56,434,801

Preferred Stock

$0

$0

$42,075

$480,850

$489,000

Common Stocks

$8,339,007

$4,442,263

$3,380,980

$3,369,179

$3,322,896

Mutual Funds

$25,753,824

$22,870,252

$16,534,972

$18,479,739

$14,628,236

Reinsurance Recoverable

$250,307

$150,961

$32,321

$63,467

$260,614

Real Estate

$367,952

$384,437

$404,455

$424,473

$418,354

Premium Receivable

$5,513,303

$5,387,792

$5,433,480

$5,294,202

$5,007,874

Accrued Investment Income

$448,212

$468,132

$554,276

$560,175

$504,673

Other Assets

$438,994

$429,155

$302,533

$347,522

$468,262

Total:

$121,329,279

$110,663,120

$96,526,931

$92,640,860

$83,924,700


LIABILITIES AND POLICYHOLDERS' SURPLUS

Reserve for Unearned Premium

$21,471,770

$20,708,606

$19,820,433

$18,680,628

$17,568,584

Reserve for Losses & Expenses

$12,708,580

$11,052,073

$11,930,680

$9,901,272

$9,728,087

Reserve for All Other Liabilities

$4,611,443

$4,678,504

$3,265,685

$3,616,464

$3,056,799

Reinsurance Balances Payable

$-173,821

$-35,554

$-83,662

$-86,688

$-57,468

Total Liabilities:

$38,617,972

$36,403,629

$34,933,136

$32,111,676

$30,296,002

Policyholders' Security Account

$82,711,307

$74,259,491

$61,593,795

$60,529,184

$53,628,698

Total:

$121,329,279

$110,663,120

$96,526,931

$92,640,860

$83,924,700


INCOME

Direct Premium Written

$39,518,815

$37,902,223

$36,172,960

$34,485,960

$32,740,474

Premiums Earned

$37,714,876

$35,305,683

$33,162,880

$31,095,764

$29,192,489

Losses Incurred

$18,934,109

$18,192,508

$19,119,237

$14,345,592

$15,612,677

Loss Expense Incurred

$2,440,025

$2,161,353

$2,054,964

$1,746,468

$1,570,363

Underwriting Expense

$11,090,353

$11,171,001

$10,506,518

$9,685,912

$9,275,999

Net Underwriting Results

$5,250,390

$3,780,821

$1,482,161

$5,317,792

$2,733,450

Investment Income

$2,008,008

$2,193,417

$1,776,817

$1,482,494

$1,277,205

Realized Capital Gains (loss)

$-275,686

$-1,557

$-11,367

$273,243

$-51,714

Unrealized Capital Gains (loss)

$2,630,643

$3,246,431

$-1,921,251

$2,280,019

$950,101

Net Investment Results

$4,362,965

$5,438,291

$-155,801

$4,035,756

$2,175,592

Other Income & Capital Adjustments

$412,265

$372,736

$520,621

$-120,113

$518,701

Income Taxes

$1,573,804

$1,282,483

$782,370

$2,332,949

$1,412,326

Net Change

$8,451,816

$8,309,365

$1,064,611

$6,900,486

$4,015,417


Policyholders' Security Account

$82,711,308

$74,259,491

$61,593,795

$60,529,184

$53,628,698









Combined Ratio

85.44%

88.10%

94.46%

81.80%

88.30%

Comparative Annual Statement


© 2014 Millville Mutual Insurance Company

215 S. State Street

Millville, PA 17846

24 Hour Claims:

1-800-262-8495


FAX:

570-458-5612


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