Tuscarora Wayne Insurance Company
Summary Statutory Financial Results
2018 2017
Assets:
Bonds $64,360,016 $60,866,235
Equities
25,390,811
27,612,489
Cash and Short Term Investments
5,850,552
7,439,369
Premiums Due
11,685,707
10,794,897
Other Assets
7,542,076
7,940,005
Total Admitted Assets
$114,829,162
$114,652,995
Liabilities:
Unpaid Loss and Loss adjusting Expenses
$16,101,447
$16,626,495
Unearned Premiums
23,393,279
22,820,456
Other Liabilities
5,122,785
4,726,667
Total Statutory Liabilities
$44,617,511
$44,173,618
Capital
$70,211,651
$70,479,377
Total Liabilities and Capital
$114,829,162
$114,652,995
Statement of Statutory Income 2018 2017
Net Premiums Earned
$42,470,481
$41,163,666
Loss and Loss adjustment expenses 
19,414,011
21,507,819
Other Underwriting Expenses
18,114,389
17,032,253
Total Insurance Operations Income
$4,942,081
$2,623,594
Investment Income
$$1,825,985
$2,202,880  
Other Income
$289,133
$287,179
Income Tax
$1,451,582
$1,364,551
Net Income
$5,605,617
$3,749,102
 Statutory Combined Ratio
87.6%
93.0%

 

 

 

 

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