Princeton Insurance-2006 Online Report: Financial Statements

Statutory Statements of Admitted Assets, Liabilites and Surplus / Growth in Stockholder's Surplus /
Statutory Statements of Operations / Gross Written Premium / Statutory Combined Ratio

Financial Statements:
Statutory Statements of Operations

With nearly $19 million in net income at year-end 2005, Princeton Insurance has established a solid financial position and will work to maintain that stability in 2006. Net income benefits stockholder’s surplus, an important ingredient in overall financial health.

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Statutory Statements of Operations
	12/31/2005 (In Millions)	12/31/2004 (In Millions)
Gross premiums written	$222.9	$232.1
Net premiums written	200.9	186.2
Net premiums earned	194.1	190.2
Net loss and LAE incurred	171.1	176.6
Net underwriting expenses	30.4	29.8
Net underwriting loss	(7.4)	(16.2)
Net investment income earned	25.2	24.4
Net realized capital gains	1.8	12.0
Other (loss)	0	(1.4)
Net income before federal taxes	19.6	18.8
Federal taxes incurred	.7	.6
Net income	$18.9	$18.2

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