Keystone National Insurance Company
Summary Statutory Financial Results
2020 2019
Assets:
Bonds $14,619,435 $11,536,558
Equities 4,434,154 2,981,936
Cash and Short Term Investments 2,345,827 4,127,215
Premiums Due 4,770,441 3,207,621
Other Assets 1,609,666 1,832,503
Total Admitted Assets $27,779,523 $23,685,833
Liabilities:
Unpaid Loss and Loss adjusting Expenses $1,214,452 $873,692
Unearned Premiums 2,776,555 2,241,921
Other Liabilities 12,516,984 9,556,854
Total Statutory Liabilities $16,507,991 $12,672,467
Capital $11,271,532 $11,013,366
Total Liabilities and Capital $27,779,523 $23,685,833
Statement of Statutory Income 2020 2019
Net Premiums Earned $3,664,573 $2,880,162
Loss and Loss adjustment expenses  2,560,631 1,799,114
Other Underwriting Expenses 1,485,215 1,267,931
Total Insurance Operations Income ($381,273) ($186,883)
Investment Income $376,573 $439,743
Other Income $115,153 $124,996
Income Tax $52,879 $72,398
Net Income $57,574 $305,458
Statutory Combined Ratio 105.1% 102.7%

Did You Know?

It is often advisable to insure social events that draw a large number of people. KN offers specialty coverage for everything from your daughter’s backyard wedding reception to that hunting camp you have formed with a group of friends.