2016 Highlights

 $
Gross written premiums 39,330,421
Net earned premiums 32,280,578
Total revenues 33,288,337
Policyholder benefits and claims expenses – net 15,883,839
Commissions 5,815,257
Mutual Members services 1,601,970
Operating expenses 3,672,742
Total policy benefits and expenses 26,973,808
Income for the year before experience refund to Mutual Members 6,314,529
Experience refund declared to Mutual Members 5,000,000
Net income and comprehensive income attributable to Mutual Members 1,315,616
Total Mutual Members’ equity 27,758,696

Download the 2016 Financial Statements PDF