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IPCC Balance Sheet

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Fixed maturities - at fair value (amortized cost $1,157,232 and $1,153,802) 1.18B
Equity securities - at fair value (cost $24,299 and $29,333) 33.1M
Total investments 1.21B
Cash and cash equivalents 52.16M
Accrued investment income 11.22M
Agents' balances and premium receivable, net of allowances for doubtful accounts of $12,242 and $12,323 389.7M
Property and equipment, net of accumulated depreciation of $42,006 and $43,731 38.98M
Prepaid reinsurance premium 2.26M
Recoverables from reinsurers (includes $160 and $289 on paid losses and LAE) 14.84M
Deferred policy acquisition costs 92.03M
Current and deferred income taxes 15.85M
Receivable for securities sold 5.54M
Other assets 5.45M
Goodwill 75.28M
Total assets 1.91B
Unpaid losses and loss adjustment expenses 493.53M
Unearned premium 480.74M
Payable to reinsurers 0
Long-term debt (fair value $210,280 and $199,132) 194.79M
Commissions payable 22.03M
Payable for securities purchased 12.77M
Other liabilities 58.51M
Total liabilities 1.26B
Commitments and contingencies (See Note 10) 0
Common stock, no par value (50,000,000 shares authorized; 21,255,089 and 21,167,947 shares issued) 21.32M
Additional paid-in capital 354.03M
Retained earnings 643.6M
Accumulated other comprehensive income, net of tax 31.53M
Treasury stock, at cost (9,002,019 and 8,698,962 shares) -399.15M
Total shareholders' equity 651.33M
Total liabilities and shareholders' equity 1.91B