|
|
As of December 31, 2009
(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.
|
|
|
|
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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.
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