Company Financials
See Hastings Mutual Directors and Officers
here.
Comparative Financial Statement as of December 31, 2009 (printer friendly)
(in thousands)
Assets
2009
2008
Bonds
$476,203
$454,419
Common Stocks
43,551
33,175
Real Estate
4,187
4,518
Cash and Short-term Investments
32,165
11,145
Net Premium Receivable
66,493
65,372
Other Assets
24,142
26,366
TOTAL ASSETS
$646,741
$594,995
Liabilities and Surplus
Loss and Loss Adjustment Reserves
$166,485
$149,836
Unearned Premiums
130,244
123,334
Accrued Expenses
20,618
19,874
Other Liabilities
22,037
9,595
TOTAL LIABILITIES
339,384
302,639
Policyholders' Surplus
307,357
292,356
TOTAL LIABILITIES AND SURPLUS
$646,741
$594,995
Combined Ratio
106.0%
96.0%
The Company is represented by over 900 independent agencies in the states of Michigan,
Ohio, Illinois, Indiana, Wisconsin, and introducing Iowa in 2010.
Hastings Mutual is rated A+ Superior by the A.M. Best Company.
Hastings Mutual is a member of the 2009 Ward's 50 Benchmark Group.
