Page 3 - FI_2022 Annual Report_Digital Bi Fold_2023.04_FINAL

Combined Financial Statement Direct Written Premium
(in thousands) (in millions)
900
ASSETS 2022 2021 903
800
Fixed-income securities $1,210,059 $1,251,187
700
Equity securities 202,595 183,143 696
600
Real estate 35,770 35,247 500 571
Cash & short term invest- 41,197 45,124
ments 400 435
Other invested assets 119,682 116,247 300

Total cash and investments $1,609,303 $1,630,948 200 288
100
Premium receivable 278,665 256,983
0
Deferred Federal income tax 30,425 19,409 2002 2007 2012 2017 2022

Other assets* 25,545 80,676
Admitted Assets
TOTAL ADMITTED ASSETS $1,943,938 $1,988,016 (in millions)
2000
1,944
LIABILITIES 2022 2021 1750
Claim reserves $629,696 $617,669 1500

Unearned premium reserves 405,054 374,986 1250 1,489
1000
Other liabilities* 109,058 189,820 1,133
750 988
TOTAL LIABILITIES $1,143,808 $1,182,475
500 595
Policyholders’ Contingency $800,130 $805,541 250
Reserve Fund**
0
TOTAL $1,943,938 $1,988,016 2002 2007 2012 2017 2022

* 2021 financials include the required amounts supporting Policyholders’ Contingency Reserve Fund
the MCCA surplus refunds. (in millions)
** Excess of assets over obligations. This fund is set aside 900
to allow us to pay for significant events, such as catastrophe
claims, without affecting normal operations. 800
700 800
600
607
500

400
300 378 390

200
100 189
0
2002 2007 2012 2017 2022