Lebanon Valley Insurance Company                
Summary Statutory Financial Results                
                                   
              2018   2017                
Assets:                                  
Bonds             $20,744,624   $19,628,881                
Equities             650,948   621,494                
Cash and Short Term Investments       2,848,712   3,278,209                
Premiums Due           2,445,387   2,221,881                
Other Assets           670,710   731,342                
Total Admitted Assets         $27,360,381   $26,481,807                
                                   
Liabilities:                                
Unpaid Loss and Loss adjusting Expenses     $6,850,167   $6,338,623                
Unearned Premiums         5,565,378   5,549,565                
Other Liabilities           1,549,687   1,844,690                
Total Statutory Liabilities         $13,965,232   $13,732,878                
                                   
Capital             $13,395,149   $12,748,929                
                                   
Total Liabilities and Capital       $27,360,381   $26,481,807                
                                   
                                   
Statement of Statutory Income       2018   2017                
                                   
Net Premiums Earned         $8,805,633   $8,566,199                
Loss and Loss adjustment expenses        4,601,385   3,685,264                
Other Underwriting Expenses       3,993,533   3,957,007                
Total Insurance Operations Income       $210,715   $923,928                
                                   
Investment Income           $445,214   $557,176                
                                   
Other Income           $74,312   $22,688                
                                   
Income Tax           $124,947   $373,520                
                                   
Net Income           $605,294   $1,130,252                
                                   
Statutory Combined Ratio         97.2%   88.4%                
                                   

 

 

LVIC Opportunities

Did You Know?

Hurricane Matthew in 2016 caused total overall economic losses estimated to be as high as $15 billion, with insured losses estimated at $4.5 billion. The vast majority of these losses were incurred in the United States, where economic losses exceeded $10 billion. The private insurance industry and the National Flood Insurance Program (NFIP) paid out nearly $4 billion in claims. Haiti, the Bahamas, Canada and Cuba also sustained heavy economic damage.