Financial Information
St. Johns Insurance Company files the following Statutory Financial Statement with the
Office of Insurance Regulation on a quarterly basis.
St. Johns Insurance Company, Inc.
Statutory Balance Sheet
As of March 31, 2011
(Unaudited)
| Admitted Assets |
| Cash and Invested Assets: |
| Fixed income securities, at amortized cost |
$61,904,390 |
| Short-term investments |
6,088,599 |
| Cash |
6,191,812 |
| Total Cash and Invested Assets |
74,184,801 |
| Accrued investment income |
408,025 |
| Premium and agents balances receivable |
27,787,972 |
| Reinsurance recoverable on paid losses |
9,517,184 |
| Property and equipment, net |
37,366 |
| Other assets |
473,761 |
| Deferred income tax assets, net of valuation allowance |
4,805,748 |
| Total Admitted Assets |
$117,214,857 |
| Liabilities and Policyholders' Surplus |
| Liabilities: |
| Losses and loss adjustment expense reserves, net |
$25,646,205 |
| Unearned premiums, net |
37,678,001 |
| Reinsurance payable |
11,798,871 |
| Accounts payable, commissions, and accrued expenses |
(2,655,292) |
| Total Liabilities |
72,467,785 |
| Capital and Policyholders' Surplus |
| Capital stock |
1,500,000 |
| Surplus debentures |
18,235,294 |
| Additional paid in capital |
77,575,000 |
| Unassigned funds |
(52,563,222) |
| Total Capital and Policyholders' Surplus |
44,747,072 |
| Total Liabilities and Policyholders' Surplus |
$117,214,857 |
Financial Information (PDF)