Statutory Statements of Operations
Princeton Insurance continues to exhibit financial stability with over $15 million in net income as of the first quarter this year. Net income benefits stockholder's surplus, which plays an important role in overall financial health. <next...>
Statutory Statement of Admitted Assets, Liabilities and Surplus / Stockholder's Surplus / Statutory Statement of Operations / Gross Written Premium / Statutory Combined Ratio
| Statutory Statements of Operations | ||
| 3/31/2008 | 3/31/2007 | |
Gross premiums written |
$59,238,047 | $67,757,388 |
Net premiums written |
48,968,029 | 55,115,455 |
Net premiums earned |
44,464,038 | 46,687,837 |
Net loss and LAE incurred |
26,780,744 | 33,188,743 |
Net underwriting expenses |
6,077,258 | 6,343,664 |
Net underwriting gain |
11,606,036 | 7,155,430 |
Net investment income earned |
9,659,892 | 8,979,944 |
Net realized capital gains, net of tax |
1,201,049 | 2,296,228 |
Other loss |
(736,464) | (762,006) |
Net income before federal taxes |
21,730,513 | 17,669,596 |
Federal taxes incurred |
6,600,449 | 3,541,448 |
Net income |
$15,130,064 | $14,128,148 |
