Tuscarora Wayne Insurance Company
Summary Statutory Financial Results
2019 2018
Assets:
Bonds $63,850,211 $64,360,016
Equities 26,560,828 25,390,811
Cash and Short Term Investments 4,086,899 5,850,552
Premiums Due 12,933,991 11,685,707
Other Assets 6,740,420 7,542,076
Total Admitted Assets $114,172,349 $114,829,162
Liabilities:
Unpaid Loss and Loss adjusting Expenses $11,952,881 $16,101,447
Unearned Premiums 25,298,170 23,393,279
Other Liabilities 5,306,909 5,122,785
Total Statutory Liabilities $42,557,960 $44,617,511
Capital $71,614,389 $70,211,651
Total Liabilities and Capital $114,172,349 $114,829,162
Statement of Statutory Income 2019 2018
Net Premiums Earned $43,644,437 $42,470,481
Loss and Loss adjustment expenses  21,514,149 19,414,011
Other Underwriting Expenses 18,794,998 18,114,389
Total Insurance Operations Income $3,335,290 $4,942,081
Investment Income $3,151,243 $1,825,985  
Other Income $282,253 $289,133
Income Tax $1,135,415 $1,451,582
Net Income $5,633,371 $5,605,617
 Statutory Combined Ratio 91.0% 87.6%

Did You Know?

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