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