Keystone National Insurance Company
Summary Statutory Financial Results
2019 2018
Assets:
Bonds $11,536,558 $10,884,788
Equities 2,981,936 2,475,207
Cash and Short Term Investments 4,127,215 3,391,932
Premiums Due 3,207,621 2,470,519
Other Assets 1,832,503 1,976,970
Total Admitted Assets $23,685,833 $21,199,416
Liabilities:
Unpaid Loss and Loss adjusting Expenses $873,692 $826,540
Unearned Premiums 2,241,921 1,697,930
Other Liabilities 9,556,854 8,365,525
Total Statutory Liabilities $12,672,467 $10,889,995
Capital $11,013,366 $10,309,421
Total Liabilities and Capital $23,685,833 $21,199,416
Statement of Statutory Income 2019 2018
Net Premiums Earned $2,880,162 $2,672,616
Loss and Loss adjustment expenses  1,799,114 1,339,558
Other Underwriting Expenses 1,267,931 1,156,399
Total Insurance Operations Income ($186,883) $176,659
Investment Income $439,743 $351,196
Other Income $124,996 $124,691
Income Tax $72,398 $143,420
Net Income $305,458 $509,126
Statutory Combined Ratio 102.7% 91.1%

Did You Know?

Andrew Castaldi, a natural hazard expert for Swiss Re, says, "Despite 2013 being a relatively quiet year, we expect insured losses on average to continue to grow at a pace of doubling every 10 years."  Castaldi continued, "Overall, we were pretty lucky, especially in the United States, but we should never lose sight of how devastating these events can be."