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 December 31, 2007
(Unaudited)
| Admitted Assets |
| Cash and Invested Assets: |
| Fixed income securities, at market value |
$68,695,264 |
| Short-term investments |
12,329,059 |
| Cash |
1,097,880 |
| Total Cash and Invested Assets |
82,122,203 |
| Accrued investment income |
660,183 |
| Premium and agents balances receivable |
24,671,730 |
| Reinsurance recoverable on paid losses |
1,029,309 |
| Property and equipment, net |
22,107 |
| Other assets |
3,418,279 |
| Deferred income tax assets, net of valuation allowance |
4,370,150 |
| Total Admitted Assets |
$116,293,961 |
| Liabilities and Stockholder's Equity |
| Liabilities: |
| Losses and loss adjustment expense reserves, net |
$23,782,209 |
| Unearned premiums, net |
56,552,602 |
| Reinsurance payable |
582,934 |
| Accounts payable, commissions, and accrued expenses |
(14,156,967) |
| Total Liabilities |
66,760,778 |
| Capital and Policyholders' Surplus |
| Capital stock |
1,000 |
| Surplus debentures |
21,500,000 |
| Additional paid in capital |
43,574,000 |
| Unassigned funds |
(15,541,817) |
| Total Capital and Policyholders' Surplus |
49,533,183 |
| Total Liabilities and Policyholders' Surplus |
$116,293,961 |
Financial Information (PDF)