Balance Sheet

DMC Mutual Insurance Association Balance Sheet as of December 31, 2016, 2015 and 2014

ASSETS Ledger Assets Non-Ledger
(Non-Admit)
2016
Admitted
2015
Admitted
2014
Admitted
Cash/Checking $ 239,085 0 239,085 174,532 57,563
 Short-Term Investments 2,025,671 0 2,025,671 1,970,934 2,218,511
 Bonds 9,819,722 (14,706) 9,805,016 8,352,299 7,195,371
Preferred Stock 839,202 78,106 917,308 944,114 1,099,759
Common Stock 1,501,753 466,024 1,967,777 1,702,546 1,624,191
Real Estate Office Building 143,870 0 143,870 157,065 170,260
 Unpaid Premium 632,787 0 632,787 591,447 512,299
Reins Rec on Paid Losses 0 0 0 0 0
Accrued Interest/ Dividends 94,217 0 94,217 78,945 78,196
Equipment and Furniture 28,413 (23,895) 4,518 609 2,168
Receivable for Securities 0 0 0 0 0
Ceded Reinsurance Rec. 44,854 0 44,854 47,119 45,042
Federal Tax Receivable 0 0 0 0 31,368
Write-in Asset 0 0 0 0 0
TOTAL $ 15,369574 $ 505,529 $15,875,103 $14,019,610 $13,052,728
LIABILITIES. RESERVES AND SURPLUS
  Net Unpaid Claims $318,842 $354,800 $263,984
  Unpaid Adjusting Expense 10,396 10,677 27,699
  Unearned Premium Reserve 2,878,981 2,742,037 2,499,409
  Accrued Reinsurance Premiums 93,674 114,398 114,624
  Unpaid Salaries and Commissions 185,569 153,089 182,480
  Amounts Withheld for the Accounts of Others 0 0 0
  Federal Income Taxes 359,000 14,440 0
Taxes Licenses and Fees 10,798 13,117 15,967
Premium Collected for Other Companies Not Remitted 32,719 33,610 30,291
  Other Expenses 4,663 3,423 11,344
  Write in Liabilities 629 821 49,716
  Advance Premiums 97,995 127,257 121,500
  Total Liabilities and Reserves $3,993,266 $3,567,669 $3,317,014
  Unassigned Surplus 11,881,837 10,451,941 9,735,714
  TOTAL $15,875,103 $14,019,610 $13,052,728