CONSOLIDATED BALANCE SHEET As of December 31, 2018 (unaudited)
Germania Life
Admitted Assets Cash and Investments
$565,946,447
will soon offer
L online
Real Estate and Equipment
4,384,016
Premiums Receivable
150,514,008 4,288,964 5,882,557 16,561,272
Accrued Investment Income Reinsurance Recoverable
Net Deferred Tax Asset
quoting ife insurance is crucial to ensure your family’s future financial security. It can also be a complex process to navigate. Germania Life is hoping to ease the process by offering current and prospective Germania policyholders the opportunity to request a free quote online via Germania’s public website at www.germaniainsurance.com/life. Prospective clients will have the ability to enter basic information about the type of coverage they are seeking, and the Germania Life Team will use this data to provide a quote and initiate the application process. “The amount of life insurance you need depends on your family’s needs and priorities,” said Krista Sander, life underwriter. “Our new online quoting system will give prospective policyholders an opportunity to inquire about Germania Life’s insurance products to see which option is right for them.” Germania Life offers a variety of whole and term life policies tailored to fit your needs. We are excited to introduce our new online quoting tool in the near future to guide you in the right direction. In the meantime, please contact your Germania agent to get your quote today.
Federal Income Tax Recoverable
543,680 5,821,513
Other Assets Total Assets
$753,942,457
Liabilities and Surplus Unearned Premiums
$254,587,351
Loss and Loss Adjustment Expenses
118,195,387
Notes Payable
-
Life Future Policy Benefits
83,655,018 60,338,199 516,775,955 237,166,502 $753,942,457
Other Liabilities Total Liabilities
Policyholders’ Surplus
Total Liabilities and Surplus
CONSOLIDATED INCOME STATEMENT For the year ended December 31, 2018 (unaudited) Underwriting Income Net Premiums Written $481,292,162 Change in Unearned Premiums 27,589,706 Net Premiums Earned $453,702,456 Net Losses Incurred $259,942,292 Loss Expenses Incurred 54,316,667 Underwriting Expenses Incurred 133,549,071 Increase in Life Future Policy Benefits 4,353,514 Net Losses and Expenses Incurred $452,161,544 Underwriting Gain $1,540,912 Net Investment Income 15,757,341 Other Income 1,412,863 Net Income before Taxes 18,711,116 Federal Income Taxes 1,898,319 Net Income $16,812,797
CLAIMS PAID BY PERIL Storm
$99,808,885 28,376,800
Fire
Water Theft Other
16,838,130 1,734,980 5,187,367
Total
$151,946,162
8 | Germania Today
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