Princeton Insurance - 2008 Online Report

Statutory Statements of Operations

Princeton Insurance continues to exhibit financial stability with over $56.5 million in net income as of year-end 2007. Net income benefits stockholder's surplus, which plays an important role in overall financial health. This marks the 5th consecutive annual increase in surplus since year-end 2002, a result achieved through disciplined, conservative financial management.<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
	12/31/2007	12/31/2006
Gross premiums written	$217,305,041	$233,885,784
Net premiums written	188,408,552	173,566,181


Net premiums earned	192,277,519	170,291,248
Net loss and LAE incurred	118,817,280	148,034,932
Net underwriting expenses	32,062,551	29,959,392
Net underwriting gain (loss)	41,397,688	(7,703,076)
Net investment income earned	38,269,415	33,990,643
Net realized capital gains	7,587,823	2,351,368
Other income (expense)	(17,817,811)	(6,547,971)
Net income before federal taxes	69,437,115	22,090,964
Federal taxes incurred	12,862,153	3,826,909
Net income	$56,574,962	$18,264,055

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