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, 2010
(Unaudited)
| Admitted Assets |
| Cash and Invested Assets: |
| Fixed income securities, at amortized cost |
$78,952,968 |
| Short-term investments |
2,023,256 |
| Cash |
5,421,064 |
| Total Cash and Invested Assets |
86,397,288 |
| Accrued investment income |
479,814 |
| Premium and agents balances receivable |
28,938,863 |
| Reinsurance recoverable on paid losses |
4,934,375 |
| Property and equipment, net |
30,772 |
| Other assets |
2,228,121 |
| Deferred income tax assets, net of valuation allowance |
6,002,656 |
| Total Admitted Assets |
$129,011,889 |
| Liabilities and Policyholders' Surplus |
| Liabilities: |
| Losses and loss adjustment expense reserves, net |
$33,370,909 |
| Unearned premiums, net |
52,073,282 |
| Reinsurance payable |
(95,963) |
| Accounts payable, commissions, and accrued expenses |
(686,853) |
| Total Liabilities |
84,661,375 |
| Capital and Policyholders' Surplus |
| Capital stock |
1,500,000 |
| Surplus debentures |
19,705,882 |
| Additional paid in capital |
67,575,000 |
| Unassigned funds |
(44,430,368) |
| Total Capital and Policyholders' Surplus |
44,350,514 |
| Total Liabilities and Policyholders' Surplus |
$129,011,889 |
Financial Information (PDF)