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Financials

For the Years Ended December 31
2015
2014
Revenue    
Earned premiums $ 2,308,988,803
$ 2,189,515,102
Administrative charges 13,503,414
11,064,874
Total revenue 2,322,492,217
2,200,579,976
Expenses    
Net claims expense 2,032,626,440
1,972,253,064
Change in premium deficiency reserve
(12,354,598)
5,424,598
Total claims expense
2,020,271,842
1,977,677,662
Excess of revenues over claims expense 302,220,375
222,902,314
General and administrative expenses 268,010,403
282,170,144
Operating income (loss)
34,209,972
(59,267,830)
 
Other income (losses)    
Interest income, net 7,274,139
7,714,421
Realized gains on investments, net 387,186
14,408,124
Loss on disposition of property and equipment  - 
(9,332)
Other income, net 7,661,325
22,113,213
Net income (loss)
41,871,297
(37,154,617)
Change in unrealized gains (losses) on investments (3,518,382)
(9,190,547)
Increase (decrease) in net assets $  38,352,915
$   (46,345,164)