Keystone National Insurance Company
Summary Statutory Financial Results
2018   2017
Assets:
Bonds $10,884,788 $10,127,016
Equities 2,475,207 2,757,506
Cash and Short Term Investments 3,391,932 4,396,143
Premiums Due 2,470,519 2,087,830
Other Assets 1,976,970   534,288
Total Admitted Assets $21,199,416 $19,902,783
Liabilities:
Unpaid Loss and Loss adjusting Expenses $826,540 $805,318
Unearned Premiums 1,697,930 1,600,377
Other Liabilities 8,365,525   7,455,430
Total Statutory Liabilities $10,889,995 $9,861,125
Capital $10,309,421   $10,041,658
Total Liabilities and Capital $21,199,416   $19,902,783
Statement of Statutory Income 2018   2017
Net Premiums Earned $2,672,616 $2,357,477
Loss and Loss adjustment expenses  1,339,558 1,205,916
Other Underwriting Expenses 1,156,399   1,004,410
Total Insurance Operations Income $176,659 $147,151
Investment Income $351,196 $304,420
Other Income $124,691 $113,373
Income Tax $143,420 $195,960
Net Income $509,126 $368,984
Statutory Combined Ratio 91.1% 91.1%

 

 

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.