Germania Today | Spring 2022

Buried Utility Line 3 reasons why coverage you may need

CONSOLIDATED BALANCE SHEET As of Dec. 31, 2021 (unaudited)

Admitted Assets Cash and Investments

$680,727,363 10,715,764 155,091,512 4,383,290 23,066,408

Real Estate and Equipment

Premiums Receivable

Accrued Investment Income Reinsurance Recoverable

Net Deferred Tax Asset

15,532,882 6.031,663 15,532,882

Federal Income Tax Recoverable

Other Assets Total Assets

$904,066,967

Liabilities and Surplus Unearned Premiums

$326,609,702 158,066,570

Loss and Loss Adjustment Expenses

Life Future Policy Benefits Federal Income Tax Payable

94,077,532

Other Liabilities Total Liabilities

54,808,694 633,562,498 270,504,469 $904,066,967

Policyholders’ Surplus

Total Liabilities and Surplus

Having to repair or replace buried utility lines can be unexpected and financially crippling news to many homeowners. As many water, gas, and electrical service lines continue to age, homeowners now more than ever need protection from imminent and expensive damage to their buried utility lines. Here’s three reasons why you may need to add Germania’s new Buried Utility Line coverage to your property policy: 1.  The United States’ infrastructure rating is poor. According to the American Society of Civil Engineers, America’s infrastructure rating across several categories, including buried utility line condition, is a D+. It’s not a matter of if a buried utility line will become damaged, but rather when. 2.  Damage to a buried utility line comes in many different forms. From freezes to root invasions, damage to buried utility lines is sneaky and sudden. Fortunately, Germania’s new Buried Utility Line coverage covers leaks, breaks, tears, ruptures, collapses, and electrical arcing. 3.  It’s not just about damage to the utility line. When you experience damage to your buried utility lines, it doesn’t just affect the line – it may affect your way of life. Additional coverage and service enhancements can expedite expense coverage to make immediate repairs, reimburse you for living and temporary equipment expenses, and reward you for making efficient equipment upgrades. Don’t let the threat of weak or aging buried utility lines interrupt your lifestyle. Germania and your Germania authorized agent are ready to help you gain the protection you need for your home – and what lies below it!

CONSOLIDATED INCOME STATEMENT As of Dec. 31, 2021 (unaudited) Underwriting Income Net Premiums Written

$602,060,661 38,940,540 $563,120,121 $384,144,993 60,969,938 168,293,251 3,878,452 $617,266,634

Change in Unearned Premiums

Net Premiums Earned Net Losses Incurred Loss Expenses Incurred

Underwriting Expenses Incurred Increase in Life Future Policy Benefits Net Losses and Expenses Incurred

Underwriting Gain (Loss)

$(54,166,513)

Net Investment Income

18,766,202

Other Income

1,396,350

Net Income (Loss) before Taxes

(34,003,961) (6,331,524) $(27,672,437)

Federal Income Taxes Net Income (Loss)

CLAIMS REPORTED BY PERIL Storm

$160,136,286 32,983,603 23,499,758

Fire

Water Theft Other

1,711,233

64,949,375

Total

$283,280,255

Spring 2022 | 11

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