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?

In dealing with claims, KN relies on a network of adjusters with Chief Claims Officer Dave Schweitzer at the helm. Schweitzer says there were about 2,200 claims between TW and Keystone National Insurance Company in the previous year, with in-house adjusters handling about 58 percent of them. The rest are handled by independents, a number of whom have draft authority of up to $5,000 for quick payment of damages.