Annual Statement of Policyholders
Halstad Mutual Fire Insurance Company
Statuary Statements of Admitted Assets, Liabilities, and Policyholders’ Surplus
As of December 31, 2023 and 2022
Admitted Assets
Cash and cash equivalents
Cash deposited at interest
Bonds (at amortized cost)
Investment Company shares
NAMIC and common stock
Premiums receivable
Investment income accrued
Federal taxes receivable
Other assets
Computer and related equipment, net
2023
$382,578
128,178
3,640,766
2,446
6,500
98,137
28,971
1,869
–
139,136
2022
$212,648
135,387
3,362,316
–
6,500
92,505
28,004
4,378
15,345
140,469
Liabilities
Net unpaid losses
Net expenses unpaid
Unearned premiums
Reinsurance payable
Total Liabilities
2023
$29,033
26,167
863,541
140,960
$1,059,701
2022
$73,000
27,224
711,444
63,860
$875,528
Policyholders’ Surplus
Balance as of January 1
Net income
Change in nonadmitted assets
Total change in surplus
Balance as of December 31
Total liabilities and surplus
2023
3,122,024
315,884
(69,028)
246,856
3,368,880
$4,428,581
2022
2,854,650
267,113
261
267,374
3,122,024
$3,997,552