Annual Statement of Policyholders

Halstad Mutual Fire Insurance Company

Statuary Statements of Admitted Assets, Liabilities, and Policyholders’ Surplus
As of December 31, 2022 and 2021


Admitted Assets

Cash
Cash deposited at interest
Bonds (at amortized cost)
NAMIC and common stock
Premiums receivable
Accrued interest receivable
Refundable premium and income taxes
Other assets
Computer and related equipment, net

2022

$212,648
135,387
3,362,316
6,500
92,505
28,004
4,378
15,345
140,469

2021

$171,133
130,342
3,138,359
6,500
25,038
24,405
5,494
13,860
110,998


Liabilities

Net unpaid losses
Net expenses unpaid
Unearned premiums
Reinsurance payable
  Total Liabilities

2022

$73,000
27,224
711,444
63,680
$875,528

2021

85,271
24,084
610,214
51,910
$771,479


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

2022

2,854,650

267,113
261
267,374

3,122,024

$3,997,552

2021

2,626,135

228,254
261
228,515

2,854,650

$3,626,129