Balance Sheet

DMC Mutual Insurance Association Balance Sheet as of December 31, 2018, 2017 and 2016

ASSETS Ledger Assets Non-Ledger
(Non-Admit)
2018
Admitted
2017
Admitted
2016
Admitted
Cash/Checking $262,608 $0 $262,608 $212,874 $239,085
 Short-Term Investments 2,089,612 0 2,089,612 1,854,305 2,025,671
 Bonds 11,387,105 0 11,387,105 9,816,205 9,805,016
Preferred Stock 737,202 43,127 780,329 819,987 917,308
Common Stock 1,674,603 662,373 2,336,976 2,354,970 1,967,777
Real Estate Office Building 121,047 0 121,047 130,675 143,870
 Unpaid Premium 695,537 0 695,537 645,483 632,787
Reins Rec on Paid Losses 0 0 0 0 0
Accrued Interest/ Dividends 100,689 0 100,689 90,827 94,217
Equipment and Furniture 23,700 (9,889) 13,811 2,711 4,518
Receivable for Securities 0 0 0 0 0
Ceded Reinsurance Rec. 70,311 0 70,311 54,610 44,854
Federal Tax Receivable 50,000 (50,000) 0 156,056 0
Write-in Asset 0 0 0 0 0
TOTAL $17,212,414 $645,611 $17,858,025 $16,138,703 $15,875,103
LIABILITIES. RESERVES AND SURPLUS
  Net Unpaid Claims $268,381 $380,201 $318,842
  Unpaid Adjusting Expense 17,571 16,748 10,396
  Unearned Premium Reserve 3,234,801 3,055,679 2,878,981
  Accrued Reinsurance Premiums 118,017 113,891 93,674
  Unpaid Salaries and Commissions 294,442 70,785 185,569
  Amounts Withheld for the Accounts of Others 0 0 0
  Federal Income Taxes 0 0 359,000
Taxes Licenses and Fees 13,771 9,959 10,798
Premium Collected for Other Companies Not Remitted 38,745 39,854 32,719
  Other Expenses 21,462 16,108 4,663
  Write in Liabilities 1,550 1,182 629
  Advance Premiums 136,988 149,576 97,995
  Total Liabilities and Reserves $4,145,728 $3,853,983 $3,993,266
  Unassigned Surplus 13,712,297 12,284,720 11,881,837
  TOTAL $17,858,025 $16,138,703 $15,875,103