Tuscarora Wayne Insurance Company
Summary Statutory Financial Results
2020 2019
Assets:
Bonds $60,327,493 $63,850,211
Equities 28,422,120 26,560,828
Cash and Short Term Investments 5,169,472 4,086,899
Premiums Due 15,539,390 12,933,991
Other Assets 6,577,262 6,740,420
Total Admitted Assets $116,035,737 $114,172,349
Liabilities:
Unpaid Loss and Loss adjusting Expenses $14,482,545 $11,952,881
Unearned Premiums 27,400,591 25,298,170
Other Liabilities 4,832,579 5,306,909
Total Statutory Liabilities $46,715,715 $42,557,960
Capital $69,320,022 $71,614,389
Total Liabilities and Capital $116,035,737 $114,172,349
Statement of Statutory Income 2020 2019
Net Premiums Earned $46,709,088 $43,644,437
Loss and Loss adjustment expenses  27,252,966 21,514,149
Other Underwriting Expenses 19,488,272 18,794,998
Total Insurance Operations Income ($32,150) $3,335,290
Investment Income $3,314,786 $3,151,243  
Other Income $199,189 $282,253
Income Tax $563,993 $1,135,415
Net Income $2,917,832 $5,633,371
 Statutory Combined Ratio 98.1% 91.0%

Did You Know?

The Tuscarora Wayne Community Room, the banquet and meeting facility in the Greater Wyalusing Chamber of Commerce Building, hosts dozens of major fund-raisers every year bringing tens of thousands of dollars back into the community.