The Strength of Our Past
is the
Foundation of Our Future

Independent agents market our products and services to over 109,000 policyholders in upstate New York.

 

 

A.M. Best Rated
“A”
Excellent
Since 1988

Financial Size Category IX

 

 

2025 Annual Report
Click for complete
2025 Annual Report 

Financial Strength

STATUTORY INCOME STATEMENTS
 
2025 2024
 
Premiums Earned $147,155,123 $128,805,521
Losses and LAE Incurred ($84,399,222) ($76,986,185)
Underwriting Expense ($56,692,653) ($50,738,334)
NET UNDERWRITING INCOME (LOSS) $6,063,248 $1,081,002
Net Investment Gain $17,722,434 $18,533,701
Other Income, Net $435,635 $723,048
INCOME BEFORE TAXES $24,221,317 $20,337,751
Income Tax Expense ($3,773,000) ($2,527,000)
NET INCOME $20,448,317 $17,810,751
STATUTORY BALANCE SHEETS
 
2025 2024
 
Cash & Invested Assets $457,884,573 $403,834,563
Premium Receivables $25,094,231 $22,365,108
Other Assets $4,115,009 $4,935,492
TOTAL ADMITTED ASSETS $487,093,813 $431,135,163
LIABILITIES
Unpaid Loss & Loss Adjustment Expense $78,290,443 $63,350,946
Unearned Premiums $87,175,565 $77,885,042
Other Liabilities $27,228,534 $23,555,400
TOTAL LIABILITIES $192,694,542 $164,791,388
 
SURPLUS $294,399,271 $266,343,775
TOTAL LIABILITIES AND SURPLUS $487,093,813 $431,135,163