Statutory Statements of Operations
Princeton Insurance continues to exhibit financial stability with over $18 million in net income as of the second 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 | ||
| 6/30/2008 | 6/30/2007 | |
Gross premiums written |
$93,222,133 | $113,776,454 |
Net premiums written |
81,578,566 | 93,935,916 |
Net premiums earned |
88,230,754 | 92,895,415 |
Net loss and LAE incurred |
71,360,399 | 82,627,207 |
Net underwriting expenses |
13,524,291 | 12,416,285 |
Net underwriting gain (loss) |
3,346,064 | (2,148,077) |
Net investment income earned |
19,496,536 | 18,098,389 |
Net realized capital gains, net of tax |
3,837,633 | 4,725,371 |
Other loss |
(1,418,204) | (1,522,256) |
Net income before federal taxes |
25,262,029 | 19,153,427 |
Federal taxes incurred |
6,705,556 | 953,262 |
Net income |
$18,556,473 | $18,200,165 |
