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