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, 2008
(Unaudited)
| Admitted Assets |
| Cash and Invested Assets: |
| Fixed income securities, at market value |
$80,690,922 |
| Short-term investments |
4,889,410 |
| Cash |
7,376,815 |
| Total Cash and Invested Assets |
92,957,147 |
| Accrued investment income |
731,729 |
| Premium and agents balances receivable |
29,003,940 |
| Reinsurance recoverable on paid losses |
3,139,805 |
| Property and equipment, net |
12,671 |
| Other assets |
960,616 |
| Deferred income tax assets, net of valuation allowance |
4,504,099 |
| Total Admitted Assets |
$131,310,007 |
| Liabilities and Stockholder's Equity |
| Liabilities: |
| Losses and loss adjustment expense reserves, net |
$30,699,457 |
| Unearned premiums, net |
58,135,818 |
| Reinsurance payable |
(3,145,915) |
| Accounts payable, commissions, and accrued expenses |
(222,619) |
| Total Liabilities |
85,466,741 |
| Capital and Policyholders' Surplus |
| Capital stock |
1,500,000 |
| Surplus debentures |
21,500,000 |
| Additional paid in capital |
47,075,000 |
| Unassigned funds |
(24,231,734) |
| Total Capital and Policyholders' Surplus |
45,843,266 |
| Total Liabilities and Policyholders' Surplus |
$131,310,007 |
Financial Information (PDF)