Keystone National Insurance Company
Summary Statutory Financial Results
2016   2015
Assets:
Bonds $9,641,672 $9,032,211
Equities 2,365,166 1,765,849
Cash and Short Term Investments 3,246,261 3,309,836
Premiums Due 1,840,953 1,667,671
Other Assets 668,596 400,042
Total Admitted Assets $17,762,648 $16,175,609
Liabilities:
Unpaid Loss and Loss adjusting Expenses $465,268 $569,745
Unearned Premiums 1,425,867 1,242,173
Other Liabilities 6,476,156 5,602,934
Total Statutory Liabilities $8,367,291 $7,414,852
Capital $9,395,358 $8,760,757
Total Liabilities and Capital $17,762,649 $16,175,609
Statement of Statutory Income 2016   2015
Net Premiums Earned $2,066,319 $1,737,993
Loss and Loss adjustment expenses  885,242 985,263
Other Underwriting Expenses 917,766 725,385
Total Insurance Operations Income $263,311 $27,345
Investment Income $242,809 $219,015
Other Income $110,278 $99,633
Income Tax $212,345 $111,231
Net Income $404,053 $234,762
Statutory Combined Ratio 84.1% 94.5%

 

 

Did You Know?

The incentive for agents to deal with Keystone National Insurance Company is the personalized relationships between agents and underwriters. “The underwriters know the agents and the agents understand the risks in their areas,” says Todd E. Salsman, TW’s Chief Operating Officer (COO). Jay W. Chadwick, Chairman/President/Chief Executive Officer, credits “disciplined underwriting” and “easier access to decision making” in this simple but effective approach.