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Financial Highlights
(in thousands of dollars)

 

  2016 2015 2014 
Assets  
Invested $1,078,070  $990,695
 $927,645 
Other $151,719  $139,885
 $120,151 
TOTAL ASSETS $1,229,789  $1,130,580
 $1,047,796 
 
 
Liabilities  
Loss and LAE Reserves $590,913  $532,960
  $473,317 
Other $223,861  $204,261 
$174,621 
TOTAL LIABILITIES $814,774  $737,221
 $647,938 
 .               
Policyholders’ Surplus $415,015 $393,359
$399,858 
.  
Key Statistics  
Dividend $22,389 $19,188
$18,431 
Direct Written Premium $343,056 $308,967
$265,692 
Premium-to-Surplus Ratio, Direct .83:1 .79:1
.66:1 
Premium-to-Surplus Ratio, Net .81:1 .77:1
.66:1 
Number of Policyholders 20,755 20,598
20,408 
Direct Combined Ratio Before Dividends 95.53% 95.23%  90.24% 
Net Combined Ratio Before Dividends 98.67% 98.34%
97.09% 
Operating Ratio 94.26% 93.81%
89.30%