|
|
|
|
|
Statutory Statement of Operations
Princeton Insurance continues to exhibit financial stability with over $18 million in net income at year-end 2006. Net income benefits stockholder's surplus, which plays an important role in overall financial health.<next...> |
|
|
|
|
| Statutory Statements of Operations |
| |
12/31/2006 |
12/31/2005 |
Gross premiums written |
$233,963,808 |
$222,861,087 |
Net premiums written |
173,566,181 |
200,848,165 |
|
|
|
|
Net premiums earned |
170,291,248 |
194,122,005 |
Net loss and LAE incurred |
148,034,932 |
171,144,202 |
Net underwriting expenses |
29,959,392 |
30,398,746 |
Net underwriting loss |
(7,703,076) |
(7,420,943) |
Net investment income earned |
33,990,643 |
29,111,039 |
Net realized capital gains |
2,351,368 |
1,780,652 |
Other income (expense) |
(6,547,971) |
(3,877,388) |
Net income before federal taxes |
22,090,964 |
19,593,360 |
Federal taxes incurred |
3,826,909 |
660,650 |
Net income |
$18,264,055 |
$18,932,710 |
 Printer-friendly version
|
|
|
|
|
|
