Balance Sheet

DMC Mutual Insurance Association Balance Sheet as of December 31, 2017, 2016 and 2015

ASSETS Ledger Assets Non-Ledger
(Non-Admit)
2017
Admitted
2016
Admitted
2015
Admitted
Cash/Checking $212,874 0 212,874 239,085 174,532
 Short-Term Investments 1,854,305 0 1,854,305 2,025,671 1,970,934
 Bonds 9,844,944 (28,739) 9,816,205 9,805,016 8,352,299
Preferred Stock 733,952 86,035 819,987 917,308 944,114
Common Stock 1,532,126 822,844 2,354,970 1,967,777 1,702,546
Real Estate Office Building 130,675 0 130,675 143,870 157,065
 Unpaid Premium 645,483 0 645,483 632,787 591,447
Reins Rec on Paid Losses 0 0 0 0 0
Accrued Interest/ Dividends 90,827 0 90,827 94,217 78,945
Equipment and Furniture 17,482 (14,771) 2,711 4,518 609
Receivable for Securities 0 0 0 0 0
Ceded Reinsurance Rec. 54,610 0 54,610 44,854 47,119
Federal Tax Receivable 156,056 0 156,056 0 0
Write-in Asset 0 0 0 0 0
TOTAL $15,273,334 $865,369 $16,138,703 $15,875,103 $14,019,610
LIABILITIES. RESERVES AND SURPLUS
  Net Unpaid Claims $380,201 $318,842 $354,800
  Unpaid Adjusting Expense 16,748 10,396 10,677
  Unearned Premium Reserve 3,055,679 2,878,981 2,742,037
  Accrued Reinsurance Premiums 113,891 93,674 114,398
  Unpaid Salaries and Commissions 70,785 185,569 153,089
  Amounts Withheld for the Accounts of Others 0 0 0
  Federal Income Taxes 0 359,000 14,440
Taxes Licenses and Fees 9,959 10,798 13,117
Premium Collected for Other Companies Not Remitted 39,854 32,719 33,610
  Other Expenses 16,108 4,663 3,423
  Write in Liabilities 1,182 629 821
  Advance Premiums 149,576 97,995 127,257
  Total Liabilities and Reserves $3,853,983 $3,993,266 $3,567,669
  Unassigned Surplus 12,284,720 11,881,837 10,451,941
  TOTAL $16,138,703 $15,875,103 $14,019,610