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(referred to herein as "Kingstone" or the “Company”), through its wholly owned subsidiary, Kingstone Insurance Company (“KICO”), underwrites property and casualty insurance exclusively through retail and wholesale agents and brokers. KICO is a licensed insurance company in the States of New York, New Jersey, Rhode Island, Massachusetts, Pennsylvania, Connecticut, Maine and New Hampshire. KICO is currently offering its property and casualty insurance products in New York, New Jersey, Rhode Island, Massachusetts, and Connecticut. Although New Jersey, Rhode Island, Massachusetts and Connecticut continue to be growing markets for the Company, 79.5% and 81.0% of KICO’s direct written premiums for the three months and six months ended June 30, 2020, respectively, came from the New York policies.  Kingstone, through its wholly owned subsidiary, Cosi Agency, Inc. (“Cosi”), a multi-state licensed general agency, accesses alternate forms of distribution outside of the independent agent and broker network, through which KICO currently distributes its various products. Kingstone (through Cosi) now has the opportunity to partner with name-brand carriers and access nationwide insurance agencies.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).  The principles for condensed interim financial information do not require the inclusion of all the information and footnotes required by GAAP for complete financial statements. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements as of and for the year ended December 31, 2019 and notes thereto included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 16, 2020. The accompanying condensed consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with standards of the Public Company Accounting Oversight Board (United States) but, in the opinion of management, such financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position and results of operations. The results of operations for the six months ended June 30, 2020 may not be indicative of the results that may be expected for the year ending December 31, 2020. </p> 7.95 8.10 <p style="MARGIN: 0px; text-align:justify;"><strong>Note 2 - Accounting Policies</strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Use of Estimates</span><span style="text-decoration:underline"> </span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions, which include the reserves for losses and loss adjustment expenses, and are subject to estimation errors due to the inherent uncertainty in projecting ultimate claim amounts that will be reported and settled over a period of many years. In addition, estimates and assumptions associated with receivables under reinsurance contracts related to contingent ceding commission revenue require judgments by management. On an ongoing basis, management reevaluates its assumptions and the methods for calculating these estimates. Actual results may differ significantly from the estimates and assumptions used in preparing the consolidated financial statements.</p><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td class="hpbhr"> </td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: black 1px solid; TEXT-INDENT: 0px;text-align:center;">7</td></tr><tr style="height:15px"><td><p style="page-break-after: always"/></td></tr><tr style="height:15px"><td><em><a href="#Toc">Table of Contents</a></em></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Principles of Consolidation</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The accompanying condensed consolidated financial statements consist of Kingstone and its following wholly owned subsidiaries: (1) KICO and its wholly owned subsidiaries, CMIC Properties, Inc. (“Properties”) and 15 Joys Lane, LLC (“15 Joys Lane”), which together own the land and building from which KICO operates, and (2) Cosi. All significant intercompany account balances and transactions have been eliminated in consolidation.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Accounting Changes</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The Company has determined that it was not subject to any new accounting pronouncements that became effective during the six months ended June 30, 2020.  </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Accounting Pronouncements </span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">In June 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2016-13 - Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). The revised accounting guidance requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. In addition, ASU 2016-13 amends the accounting for credit losses of available-for-sale debt securities and purchased financial assets with credit deterioration. ASU 2016-13 will be effective for the Company on January 1, 2023. The Company is currently evaluating the effect the updated guidance will have on its condensed consolidated financial statements.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">In December 2019, the FASB issued ASU 2019-12, Income Taxes - Simplifying the Accounting for Income Taxes (“ASU 2019-12”). Among other items, the amendments in ASU 2019-12 simplify the accounting treatment of tax law changes and year-to-date losses in interim periods.  An entity generally recognizes the effects of a change in tax law in the period of enactment; however, there is an exception for tax laws with delayed effective dates.  Under current guidance, an entity may not adjust its annual effective tax rate for a tax law change until the period in which the law is effective.  This exception was removed under ASU 2019-12, thereby providing that all effects of a tax law change are recognized in the period of enactment, including adjustment of the estimated annual effective tax rate.  Regarding year-to-date losses in interim periods, an entity is required to estimate its annual effective tax rate for the full fiscal year at the end of each interim period and use that rate to calculate its income taxes on a year-to-date basis.  However, current guidance provides an exception that when a loss in an interim period exceeds the anticipated loss for the year, the income tax benefit is limited to the amount that would be recognized if the year-to-date loss were the anticipated loss for the full year.  ASU 2019-12 removes this exception and provides that, in this situation, an entity would compute its income tax benefit at each interim period based on its estimated annual effective tax rate.  ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, including interim periods within those annual periods. Early adoption is permitted. The Company is currently evaluating the impact of this guidance on its financial condition and results of operations.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The Company has determined that all other recently issued accounting pronouncements will not have a material impact on its consolidated financial position, results of operations and cash flows, or do not apply to its operations.</p> <p style="MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions, which include the reserves for losses and loss adjustment expenses, and are subject to estimation errors due to the inherent uncertainty in projecting ultimate claim amounts that will be reported and settled over a period of many years. In addition, estimates and assumptions associated with receivables under reinsurance contracts related to contingent ceding commission revenue require judgments by management. On an ongoing basis, management reevaluates its assumptions and the methods for calculating these estimates. Actual results may differ significantly from the estimates and assumptions used in preparing the consolidated financial statements.</p> <p style="MARGIN: 0px; text-align:justify;">The accompanying condensed consolidated financial statements consist of Kingstone and its following wholly owned subsidiaries: (1) KICO and its wholly owned subsidiaries, CMIC Properties, Inc. (“Properties”) and 15 Joys Lane, LLC (“15 Joys Lane”), which together own the land and building from which KICO operates, and (2) Cosi. All significant intercompany account balances and transactions have been eliminated in consolidation.</p> <p style="MARGIN: 0px; text-align:justify;">The Company has determined that it was not subject to any new accounting pronouncements that became effective during the six months ended June 30, 2020.  </p> <p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Accounting Pronouncements </span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">In June 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2016-13 - Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). The revised accounting guidance requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. In addition, ASU 2016-13 amends the accounting for credit losses of available-for-sale debt securities and purchased financial assets with credit deterioration. ASU 2016-13 will be effective for the Company on January 1, 2023. The Company is currently evaluating the effect the updated guidance will have on its condensed consolidated financial statements.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">In December 2019, the FASB issued ASU 2019-12, Income Taxes - Simplifying the Accounting for Income Taxes (“ASU 2019-12”). Among other items, the amendments in ASU 2019-12 simplify the accounting treatment of tax law changes and year-to-date losses in interim periods.  An entity generally recognizes the effects of a change in tax law in the period of enactment; however, there is an exception for tax laws with delayed effective dates.  Under current guidance, an entity may not adjust its annual effective tax rate for a tax law change until the period in which the law is effective.  This exception was removed under ASU 2019-12, thereby providing that all effects of a tax law change are recognized in the period of enactment, including adjustment of the estimated annual effective tax rate.  Regarding year-to-date losses in interim periods, an entity is required to estimate its annual effective tax rate for the full fiscal year at the end of each interim period and use that rate to calculate its income taxes on a year-to-date basis.  However, current guidance provides an exception that when a loss in an interim period exceeds the anticipated loss for the year, the income tax benefit is limited to the amount that would be recognized if the year-to-date loss were the anticipated loss for the full year.  ASU 2019-12 removes this exception and provides that, in this situation, an entity would compute its income tax benefit at each interim period based on its estimated annual effective tax rate.  ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, including interim periods within those annual periods. Early adoption is permitted. The Company is currently evaluating the impact of this guidance on its financial condition and results of operations.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The Company has determined that all other recently issued accounting pronouncements will not have a material impact on its consolidated financial position, results of operations and cash flows, or do not apply to its operations.</p> <p style="MARGIN: 0px; text-align:justify;"><strong>Note 3 - Investments </strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Fixed-Maturity Securities</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The amortized cost, estimated fair value, and unrealized gains and losses of investments in fixed-maturity securities classified as available-for-sale as of June 30, 2020 and December 31, 2019 are summarized as follows:</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="22" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Net </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost or</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross Unrealized Losses </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>More than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains/ </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>(Losses)</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Fixed-Maturity Securities: </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">U.S. Treasury securities and </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">obligations of U.S. government </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">corporations and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,032,168</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">54,542</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,086,710</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">54,542</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Political subdivisions of States, </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Territories and Possessions </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">8,577,207</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">423,179</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,000,386</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">423,179</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Corporate and other bonds</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Industrial and miscellaneous </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">121,977,355</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,145,949</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">(117,056</td><td style="vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">132,006,248</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,028,893</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Residential mortgage and other </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">asset backed securities (1) </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">21,639,537</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">256,784</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(180,701</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(342,476</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">21,373,144</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(266,393</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">155,226,267</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">10,880,454</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(297,757</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(342,476</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">165,466,488</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">10,240,221</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">  </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;font-variant:normal;font-weight:normal;font-style:normal;text-align:left;line-height:normal;width:100%"><tbody><tr style="height:15px"><td style="width:4%;vertical-align:top;"><p style="margin:0px">(1) </p></td><td style="vertical-align:top;"><p style="MARGIN: 0px; text-align:justify;">KICO has placed certain residential mortgage backed securities as eligible collateral in a designated custodian account related to its membership in the Federal Home Loan Bank of New York ("FHLBNY") (see Note 7). The eligible collateral would be pledged to FHLBNY if KICO draws an advance from the FHLBNY credit line. As of June 30, 2020, the estimated fair value of the eligible investments was approximately $6,993,000. KICO will retain all rights regarding all securities if pledged as collateral. As of June 30, 2020, there was no outstanding balance on the FHLBNY credit line.</p></td></tr></tbody></table><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="22" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost or</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross Unrealized Losses </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Net </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>More than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="16" style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Fixed-Maturity Securities: </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities and </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">obligations of U.S. government </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">corporations and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">7,037,856</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">23,244</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">7,061,100</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">23,244</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of States, </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Territories and Possessions </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,151,293</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">181,835</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">(11,316</td><td style="vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,321,812</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">170,519</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other bonds</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Industrial and miscellaneous </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">119,874,573</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5,777,624</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">(16,685</td><td style="vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">(13,473</td><td style="vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">125,622,039</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5,747,466</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Residential mortgage and other </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">asset backed securities (1) </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">26,138,633</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">437,841</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(68,793</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(276,451</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">26,231,230</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">92,597</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">162,202,355</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">6,420,544</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(96,794</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(289,924</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">168,236,181</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">6,033,826</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;font-variant:normal;font-weight:normal;font-style:normal;text-align:left;line-height:normal;width:100%"><tbody><tr style="height:15px"><td style="width:4%;vertical-align:top;"><p style="margin:0px">(1) </p></td><td style="vertical-align:top;">KICO has placed certain residential mortgage backed securities as eligible collateral in a designated custodian account related to its membership in the FHLBNY (see Note 7). The eligible collateral would be pledged to FHLBNY if KICO draws an advance from the FHLBNY credit line. As of December 31, 2019, the estimated fair value of the eligible investments was approximately $7,284,000. KICO will retain all rights regarding all securities if pledged as collateral. As of December 31, 2019, there was no outstanding balance on the FHLBNY credit line.</td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;">A summary of the amortized cost and estimated fair value of the Company’s investments in available-for-sale fixed-maturity securities by contractual maturity as of June 30, 2020 and December 31, 2019 is shown below: </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Remaining Time to Maturity</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Less than one year</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,634,023</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,717,499</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,986,401</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">12,025,804</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">One to five years</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">50,151,886</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">53,273,499</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">49,715,422</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">51,000,025</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Five to ten years</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">66,090,352</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">73,226,458</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">69,850,104</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">74,410,275</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">More than 10 years</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,710,469</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,875,888</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,511,795</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,568,847</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Residential mortgage and other asset backed securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">21,639,537</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">21,373,144</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">26,138,633</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">26,231,230</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">155,226,267</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">165,466,488</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">162,202,355</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">168,236,181</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without penalties. </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Equity Securities</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The cost and estimated fair value of, and gross unrealized gains and losses on, investments in equity securities as of June 30, 2020 and December 31, 2019 are as follows:</p><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"/><td class="hdcell" colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"/></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Equity Securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Preferred stocks</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;"><p style="MARGIN: 0px; text-align:right;">9,023,896</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">88,910</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(464,826</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,647,980</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Common stocks, mutual funds, </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">and exchange traded funds </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">15,540,180</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">533,364</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(2,015,815</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">14,057,729</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">24,564,076</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">622,274</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">(2,480,641</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">22,705,709</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="margin:0px"> </p><p style="MARGIN: 0px; text-align:justify;">  </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;text-align:justify;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"/><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"/><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"/><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value </strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="10" style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Equity Securities: </strong></p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Preferred stocks</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">8,374,424</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">339,257</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(11,794</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">8,701,887</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Common stocks, mutual funds, </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">and exchange traded funds </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">14,250,244</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">1,982,878</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(273,627</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">15,959,495</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">22,624,668</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">2,322,135</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(285,421</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">24,661,382</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Other  Investments</span></p><p style="MARGIN: 0px; text-align:justify;">The cost and estimated fair value of, and gross unrealized gains on, the Company’s other investments as of June 30, 2020 and December 31, 2019 are as follows:               </p><p style="margin:0px">  </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Other Investments: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Hedge fund </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">1,999,381</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">542,939</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">2,542,320</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">1,999,381</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">585,532</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">2,584,913</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">1,999,381</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">542,939</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">2,542,320</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">1,999,381</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">585,532</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">2,584,913</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Held-to-Maturity Securities</span></p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;">The cost or amortized cost and estimated fair value of, and unrealized gross gains and losses on, investments in held-to-maturity fixed-maturity securities as of June 30, 2020 and December 31, 2019 are summarized as follows:</p><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="22" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost or</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross Unrealized Losses </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Net </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>More than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="16" style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Held-to-Maturity Securities: </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">729,572</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">162,616</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">892,188</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">162,616</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of States, </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Territories and Possessions </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">998,527</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">59,493</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,058,020</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">59,493</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other bonds</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Industrial and miscellaneous </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">6,142,275</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">280,297</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(50,324</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">6,372,248</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">229,973</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">7,870,374</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">502,406</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(50,324</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">8,322,456</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">452,082</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="22" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost or</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross Unrealized Losses </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Net </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>More than 12 </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:left;"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="16" style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Held-to-Maturity Securities: </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">729,550</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">151,002</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">880,552</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">151,002</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of States, </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Territories and Possessions </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">998,619</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">51,021</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,049,640</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">51,021</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other bonds</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Industrial and miscellaneous </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">2,097,783</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">97,627</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(835</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">2,194,575</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">96,792</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">3,825,952</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">299,650</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(835</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">4,124,767</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">298,815</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Held-to-maturity U.S. Treasury securities are held in trust pursuant to various states’ minimum funds requirements.  </p><p style="MARGIN: 0px; text-align:justify;">A summary of the amortized cost and estimated fair value of the Company’s investments in held-to-maturity securities by contractual maturity as of June 30, 2020 and December 31, 2019 is shown below:</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong>Remaining Time to Maturity </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Cost</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Fair Value</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Cost</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Fair Value</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Less than one year </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">500,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">495,630</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">500,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">499,165</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">One to five years </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,099,913</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,264,353</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,099,268</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,215,640</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Five to ten years </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,994,445</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,184,944</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">620,134</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">655,923</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">More than 10 years </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">3,276,016</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">3,377,529</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">606,550</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">754,039</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">7,870,374</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">8,322,456</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,825,952</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">4,124,767</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without penalties.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Investment Income</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Major categories of the Company’s net investment income are summarized as follows:</p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Three months ended </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Income: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Fixed-maturity securities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,394,284</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,474,341</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,841,771</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,001,211</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Equity securities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">243,344</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">205,509</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">496,868</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">412,653</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Cash and cash equivalents</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">43,936</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">172,680</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">88,159</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">213,081</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,681,564</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,852,530</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,426,798</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,626,945</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Expenses:</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Investment expenses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">69,558</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">132,761</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">148,948</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">283,464</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Net investment income</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,612,006</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,719,769</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,277,850</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,343,481</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Proceeds from the sale and redemption of fixed-maturity securities held-to-maturity were $-0- and $400,000 for the six months ended June 30, 2020 and 2019, respectively. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Proceeds from the sale or maturity of fixed-maturity securities available-for-sale were $19,174,048 and $6,987,908 for the six months ended June 30, 2020 and 2019, respectively.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Proceeds from the sale of equity securities were $6,479,813 and $503,884 for the six months ended June 30, 2020 and 2019, respectively.</p><p style="MARGIN: 0px; text-align:justify;">The Company’s net gains (losses) on investments are summarized as follows:</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Three months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Realized (Losses) Gains </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Fixed-maturity securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Gross realized gains</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">16,087</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,942</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">252,577</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,944</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Gross realized losses </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(164,582</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(17,306</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(196,925</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(45,739</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(148,495</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(12,364</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">55,652</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(34,795</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Equity securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Gross realized gains </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">125,310</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">90,427</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">444,671</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">41,688</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Gross realized losses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(11,350</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(27,638</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(225,165</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(5,962</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">113,960</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">62,789</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">219,506</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">35,726</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 15px">Net realized (losses) gains </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(34,535</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">50,425</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">275,158</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">931</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Unrealized Gains (Losses) </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Equity securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Gross gains </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,177,605</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">440,301</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,232,438</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Gross losses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(3,979,115</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,177,605</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">440,301</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(3,979,115</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,232,438</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Other investments: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Gross gains </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">554,798</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">187,929</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">480,649</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Gross losses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(42,593</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">554,798</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">187,929</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(42,593</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">480,649</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 15px">Net unrealized gains (losses) </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,732,403</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">628,230</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(4,021,708</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,713,087</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Net gains (losses) on investments </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">2,697,868</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">678,655</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">(3,746,550</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">2,714,018</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Impairment Review</span><span style="text-decoration:underline"> </span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Impairment of investment securities results in a charge to operations when a market decline below cost is deemed to be other-than-temporary. The Company regularly reviews its fixed-maturity securities to evaluate the necessity of recording impairment losses for other-than-temporary declines in the estimated fair value of investments. In evaluating potential impairment, GAAP specifies (i) if the Company does not have the intent to sell a debt security prior to recovery and (ii) it is more likely than not that it will not have to sell the debt security prior to recovery, the security would not be considered other-than-temporarily impaired unless there is a credit loss.  When the Company does not intend to sell the security and it is more likely than not that the Company will not have to sell the security before recovery of its cost basis, it will recognize the credit component of an other-than-temporary impairment (“OTTI”) of a debt security in earnings and the remaining portion in comprehensive income.  The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections.  For held-to-maturity debt securities, the amount of OTTI recorded in comprehensive loss for the noncredit portion of a previous OTTI is amortized prospectively over the remaining life of the security on the basis of timing of future estimated cash flows of the security. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">OTTI losses are recorded in the condensed consolidated statements of operations and comprehensive loss as net realized losses on investments and result in a permanent reduction of the cost basis of the underlying investment. The determination of OTTI is a subjective process and different judgments and assumptions could affect the timing of loss realization. At June 30, 2020 and December 31, 2019, there were 30 and 39 fixed-maturity securities, respectively, that accounted for the gross unrealized loss. The Company determined that none of the unrealized losses were deemed to be OTTI for its portfolio of investments for the six months ended June 30, 2020 and 2019.  Significant factors influencing the Company’s determination that unrealized losses were temporary included the magnitude of the unrealized losses in relation to each security’s cost, the nature of the investment and management’s intent and ability to retain the investment for a period of time sufficient to allow for an anticipated recovery of estimated fair value to the Company’s cost basis.</p><p style="MARGIN: 0px; text-align:justify;">The Company held available-for-sale securities with unrealized losses representing declines that were considered temporary at June 30, 2020 as follows:</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="30" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 months</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>12 months or more</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>No. of </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>No. of </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Positions </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Positions </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Held </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Held </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="22" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Fixed-Maturity Securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and obligations of U.S. </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">government corporations </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">States, Territories and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Possessions </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">bonds industrial and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">miscellaneous </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">4,839,822</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(117,056</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">5</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">4,839,822</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(117,056</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Residential mortgage and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">asset backed securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">7,060,988</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(180,701</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">9</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">10,639,265</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(342,476</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">16</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">17,700,253</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(523,177</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total fixed-maturity </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">securities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">11,900,810</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(297,757</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">14</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">10,639,265</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(342,476</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">16</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">22,540,075</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(640,233</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">The Company held available-for-sale securities with unrealized losses representing declines that were considered temporary at December 31, 2019 as follows:</p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="30" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 months</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>12 months or more</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>No. of </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>No. of </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Positions </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Positions </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Held </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Held </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="22" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Fixed-Maturity Securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and obligations of U.S. </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">government corporations </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">States, Territories and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Possessions </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,067,428</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(11,316</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,067,428</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(11,316</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">bonds industrial and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">miscellaneous </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,730,478</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(16,685</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">7</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">1,300,915</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(13,473</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">5,031,393</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(30,158</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Residential mortgage and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">asset backed securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">5,862,636</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(68,793</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">5</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">13,534,768</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(276,451</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">21</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">19,397,404</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(345,244</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total fixed-maturity </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">securities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">12,660,542</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(96,794</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">15</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">14,835,683</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(289,924</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">24</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">27,496,225</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(386,718</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr></tbody></table> <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="22" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Net </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost or</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross Unrealized Losses </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>More than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains/ </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>(Losses)</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Fixed-Maturity Securities: </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">U.S. Treasury securities and </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">obligations of U.S. government </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">corporations and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,032,168</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">54,542</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,086,710</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">54,542</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Political subdivisions of States, </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Territories and Possessions </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">8,577,207</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">423,179</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,000,386</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">423,179</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Corporate and other bonds</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Industrial and miscellaneous </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">121,977,355</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,145,949</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">(117,056</td><td style="vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">132,006,248</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,028,893</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Residential mortgage and other </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">asset backed securities (1) </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">21,639,537</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">256,784</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(180,701</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(342,476</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">21,373,144</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(266,393</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">155,226,267</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">10,880,454</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(297,757</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(342,476</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">165,466,488</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">10,240,221</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">  </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;font-variant:normal;font-weight:normal;font-style:normal;text-align:left;line-height:normal;width:100%"><tbody><tr style="height:15px"><td style="width:4%;vertical-align:top;"><p style="margin:0px">(1) </p></td><td style="vertical-align:top;"><p style="MARGIN: 0px; text-align:justify;">KICO has placed certain residential mortgage backed securities as eligible collateral in a designated custodian account related to its membership in the Federal Home Loan Bank of New York ("FHLBNY") (see Note 7). The eligible collateral would be pledged to FHLBNY if KICO draws an advance from the FHLBNY credit line. As of June 30, 2020, the estimated fair value of the eligible investments was approximately $6,993,000. KICO will retain all rights regarding all securities if pledged as collateral. As of June 30, 2020, there was no outstanding balance on the FHLBNY credit line.</p></td></tr></tbody></table><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="22" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost or</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross Unrealized Losses </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Net </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>More than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="16" style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Fixed-Maturity Securities: </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities and </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">obligations of U.S. government </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">corporations and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">7,037,856</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">23,244</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">7,061,100</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">23,244</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of States, </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Territories and Possessions </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,151,293</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">181,835</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">(11,316</td><td style="vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,321,812</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">170,519</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other bonds</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Industrial and miscellaneous </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">119,874,573</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5,777,624</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">(16,685</td><td style="vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">(13,473</td><td style="vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">125,622,039</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5,747,466</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Residential mortgage and other </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">asset backed securities (1) </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">26,138,633</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">437,841</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(68,793</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(276,451</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">26,231,230</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">92,597</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">162,202,355</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">6,420,544</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(96,794</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(289,924</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">168,236,181</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">6,033,826</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;font-variant:normal;font-weight:normal;font-style:normal;text-align:left;line-height:normal;width:100%"><tbody><tr style="height:15px"><td style="width:4%;vertical-align:top;"><p style="margin:0px">(1) </p></td><td style="vertical-align:top;">KICO has placed certain residential mortgage backed securities as eligible collateral in a designated custodian account related to its membership in the FHLBNY (see Note 7). The eligible collateral would be pledged to FHLBNY if KICO draws an advance from the FHLBNY credit line. As of December 31, 2019, the estimated fair value of the eligible investments was approximately $7,284,000. KICO will retain all rights regarding all securities if pledged as collateral. As of December 31, 2019, there was no outstanding balance on the FHLBNY credit line.</td></tr></tbody></table> 3032168 54542 0 0 3086710 54542 8577207 423179 0 0 9000386 423179 121977355 10145949 -117056 0 132006248 10028893 21639537 256784 -180701 -342476 21373144 -266393 155226267 10880454 -297757 -342476 -165466488 10240221 7037856 23244 0 0 7061100 23244 9151293 181835 -11316 0 9321812 170519 119874573 5777624 -16685 -13473 125622039 5747466 26138633 437841 -68793 -276451 26231230 92597 162202355 6420544 -96794 -289924 168236181 6033826 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Remaining Time to Maturity</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Less than one year</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,634,023</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,717,499</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,986,401</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">12,025,804</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">One to five years</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">50,151,886</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">53,273,499</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">49,715,422</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">51,000,025</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Five to ten years</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">66,090,352</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">73,226,458</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">69,850,104</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">74,410,275</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">More than 10 years</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,710,469</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,875,888</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,511,795</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,568,847</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Residential mortgage and other asset backed securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">21,639,537</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">21,373,144</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">26,138,633</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">26,231,230</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">155,226,267</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">165,466,488</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">162,202,355</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">168,236,181</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 8634023 8717499 11986401 12025804 50151886 53273499 49715422 51000025 66090352 73226458 69850104 74410275 8710469 8875888 4511795 4568847 21639537 21373144 26138633 26231230 155226267 165466488 162202355 168236181 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"/><td class="hdcell" colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"/></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Equity Securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Preferred stocks</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;"><p style="MARGIN: 0px; text-align:right;">9,023,896</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">88,910</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(464,826</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,647,980</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Common stocks, mutual funds, </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">and exchange traded funds </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">15,540,180</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">533,364</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(2,015,815</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">14,057,729</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">24,564,076</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">622,274</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">(2,480,641</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">22,705,709</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="margin:0px"> </p><p style="MARGIN: 0px; text-align:justify;">  </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;text-align:justify;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"/><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"/><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"/><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value </strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="10" style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Equity Securities: </strong></p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Preferred stocks</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">8,374,424</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">339,257</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(11,794</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">8,701,887</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Common stocks, mutual funds, </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">and exchange traded funds </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">14,250,244</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">1,982,878</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(273,627</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">15,959,495</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">22,624,668</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">2,322,135</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(285,421</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">24,661,382</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr></tbody></table> 9023896 88910 -464826 8647980 15540180 533364 -2015815 14057729 24564076 622274 -2480641 22705709 8374424 339257 -11794 8701887 14250244 1982878 -273627 15959495 22624668 2322135 -285421 24661382 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Other Investments: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Hedge fund </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">1,999,381</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">542,939</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">2,542,320</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">1,999,381</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">585,532</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">2,584,913</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">1,999,381</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">542,939</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">2,542,320</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">1,999,381</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">585,532</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">2,584,913</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 1999381 542939 2542320 1999381 585532 2584913 1999381 542939 2542320 1999381 585532 2584913 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="22" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost or</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross Unrealized Losses </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Net </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>More than 12 </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="16" style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Held-to-Maturity Securities: </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">729,572</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">162,616</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">892,188</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">162,616</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of States, </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Territories and Possessions </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">998,527</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">59,493</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,058,020</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">59,493</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other bonds</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Industrial and miscellaneous </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">6,142,275</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">280,297</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(50,324</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">6,372,248</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">229,973</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">7,870,374</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">502,406</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(50,324</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">8,322,456</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">452,082</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="22" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost or</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gross Unrealized Losses </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Net </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Amortized </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>More than 12 </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:left;"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cost </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Months </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Gains </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="16" style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Held-to-Maturity Securities: </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">729,550</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">151,002</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:8%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">880,552</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">151,002</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of States, </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Territories and Possessions </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">998,619</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">51,021</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,049,640</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">51,021</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other bonds</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Industrial and miscellaneous </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">2,097,783</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">97,627</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(835</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">2,194,575</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">96,792</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">3,825,952</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">299,650</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">(835</td><td style="PADDING-BOTTOM: 3px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">4,124,767</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">298,815</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 729572 162616 0 0 892188 162616 998527 59493 0 0 1058020 59493 6142275 280297 -50324 0 6372248 229973 7870374 502406 -50324 0 8322456 452082 729550 151002 0 0 880552 151002 998619 51021 0 0 1049640 51021 2097783 97627 -835 0 2194575 96792 3825952 299650 -835 0 4124767 298815 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortized</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong>Remaining Time to Maturity </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Cost</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Fair Value</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Cost</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Fair Value</strong> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Less than one year </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">500,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">495,630</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">500,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">499,165</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">One to five years </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,099,913</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,264,353</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,099,268</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,215,640</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Five to ten years </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,994,445</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,184,944</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">620,134</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">655,923</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">More than 10 years </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">3,276,016</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">3,377,529</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">606,550</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">754,039</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">7,870,374</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">8,322,456</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,825,952</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">4,124,767</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 500000 495630 500000 499165 2099913 2264353 2099268 2215640 1994445 2184944 620134 655923 3276016 3377529 606550 754039 7870374 8322456 3825952 4124767 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Three months ended </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Income: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Fixed-maturity securities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,394,284</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,474,341</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,841,771</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,001,211</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Equity securities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">243,344</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">205,509</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">496,868</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">412,653</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Cash and cash equivalents</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">43,936</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">172,680</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">88,159</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">213,081</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,681,564</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,852,530</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,426,798</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,626,945</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Expenses:</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Investment expenses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">69,558</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">132,761</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">148,948</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">283,464</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Net investment income</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,612,006</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,719,769</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,277,850</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,343,481</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 1394284 1474341 2841771 3001211 243344 205509 496868 412653 43936 172680 88159 213081 1681564 1852530 3426798 3626945 69558 132761 148948 283464 1612006 1719769 3277850 3343481 0 400000 19174048 6987908 6479813 503884 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Three months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Realized (Losses) Gains </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Fixed-maturity securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Gross realized gains</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">16,087</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,942</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">252,577</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,944</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Gross realized losses </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(164,582</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(17,306</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(196,925</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(45,739</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(148,495</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(12,364</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">55,652</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(34,795</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Equity securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Gross realized gains </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">125,310</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">90,427</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">444,671</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">41,688</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Gross realized losses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(11,350</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(27,638</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(225,165</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(5,962</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">113,960</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">62,789</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">219,506</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">35,726</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 15px">Net realized (losses) gains </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(34,535</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">50,425</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">275,158</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">931</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Unrealized Gains (Losses) </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Equity securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Gross gains </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,177,605</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">440,301</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,232,438</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Gross losses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(3,979,115</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,177,605</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">440,301</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(3,979,115</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,232,438</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Other investments: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Gross gains </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">554,798</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">187,929</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">480,649</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Gross losses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(42,593</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">554,798</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">187,929</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(42,593</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">480,649</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 15px">Net unrealized gains (losses) </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,732,403</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">628,230</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(4,021,708</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,713,087</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Net gains (losses) on investments </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">2,697,868</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">678,655</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">(3,746,550</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">2,714,018</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 16087 4942 252577 10944 -164582 -17306 -196925 -45739 -148495 -12364 55652 -34795 125310 90427 444671 41688 -11350 -27638 -225165 -5962 113960 62789 219506 35726 -34535 50425 275158 931 2177605 440301 0 2232438 0 0 -3979115 0 2177605 440301 -3979115 2232438 554798 187929 0 480649 0 0 -42593 0 554798 187929 -42593 480649 2732403 628230 -4021708 2713087 2697868 678655 -3746550 2714018 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="30" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 months</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>12 months or more</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>No. of </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>No. of </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Positions </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Positions </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Held </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Held </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="22" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Fixed-Maturity Securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and obligations of U.S. </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">government corporations </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">States, Territories and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Possessions </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">bonds industrial and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">miscellaneous </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">4,839,822</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(117,056</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">5</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">4,839,822</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(117,056</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Residential mortgage and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">asset backed securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">7,060,988</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(180,701</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">9</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">10,639,265</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(342,476</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">16</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">17,700,253</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(523,177</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total fixed-maturity </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">securities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">11,900,810</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(297,757</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">14</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">10,639,265</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(342,476</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">16</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">22,540,075</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(640,233</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">The Company held available-for-sale securities with unrealized losses representing declines that were considered temporary at December 31, 2019 as follows:</p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="30" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Less than 12 months</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>12 months or more</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>No. of </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>No. of </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Positions </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Positions </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Unrealized </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong>Category</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Held </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Held </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Losses </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="22" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Fixed-Maturity Securities: </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and obligations of U.S. </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">government corporations </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">States, Territories and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Possessions </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,067,428</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(11,316</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,067,428</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(11,316</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">bonds industrial and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">miscellaneous </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,730,478</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(16,685</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">7</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">1,300,915</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(13,473</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">5,031,393</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">(30,158</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Residential mortgage and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">asset backed securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">5,862,636</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(68,793</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">5</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">13,534,768</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(276,451</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">21</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">19,397,404</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:6%;vertical-align:bottom;text-align:right;">(345,244</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total fixed-maturity </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:6%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">securities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">12,660,542</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(96,794</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">15</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">14,835,683</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(289,924</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">24</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">27,496,225</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:6%;vertical-align:bottom;text-align:right;">(386,718</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr></tbody></table> 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4839822 -117056 5 0 0 0 4839822 -117056 7060988 -180701 9 10639265 -342476 16 17700253 -523177 11900810 -297757 14 10639265 -342476 16 22540075 -640233 0 0 0 0 0 0 0 0 3067428 -11316 3 0 0 0 3067428 -11316 3730478 -16685 7 1300915 -13473 3 5031393 -30158 5862636 -68793 5 13534768 -276451 21 19397404 -345244 12660542 -96794 15 14835683 -289924 24 27496225 -386718 <p style="MARGIN: 0px; text-align:justify;"><strong>Note 4 - Fair Value Measurements</strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The following table presents information about the Company’s investments that are measured at fair value on a recurring basis at June 30, 2020 and December 31, 2019 indicating the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:</p><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="10" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Fixed-maturity securities available-for-sale </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">and obligations of U.S. </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">government corporations </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,086,710</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,086,710</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Political subdivisions of </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">States, Territories and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Possessions </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">9,000,386</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">9,000,386</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Corporate and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">bonds industrial and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">miscellaneous </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">129,921,971</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,084,277</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">132,006,248</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Residential mortgage backed securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">21,373,144</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">21,373,144</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total fixed maturities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">133,008,681</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">32,457,807</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">165,466,488</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Equity securities </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">22,705,709</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">22,705,709</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total investments </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">155,714,390</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">32,457,807</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">188,172,197</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="10" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Fixed-maturity securities available-for-sale </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and obligations of U.S. </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">government corporations </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7,061,100</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7,061,100</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">States, Territories and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Possessions </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">9,321,812</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">9,321,812</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">bonds industrial and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">miscellaneous </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">123,010,772</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,611,267</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">125,622,039</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Residential mortgage backed securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">26,231,230</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">26,231,230</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total fixed maturities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">130,071,872</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">38,164,309</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">168,236,181</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Equity securities </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">24,661,382</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">24,661,382</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total investments </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">154,733,254</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">38,164,309</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">192,897,563</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">The following table sets forth the Company’s investment in a hedge fund measured at Net Asset Value (“NAV”) per share as of June 30, 2020 and December 31, 2019. The Company measures this investment at fair value on a recurring basis.  Fair value using NAV per share is as follows as of the dates indicated: </p><p style="MARGIN: 0px; text-align:center;"><strong>  </strong></p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong>Category </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"><strong> </strong></p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020 </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"><strong> </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"><strong> </strong></p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Other Investments:</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Hedge fund </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:12%;vertical-align:bottom;text-align:right;">2,542,320</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:12%;vertical-align:bottom;text-align:right;">2,584,913</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;vertical-align:bottom;text-align:right;">2,542,320</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;vertical-align:bottom;text-align:right;">2,584,913</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The investment is generally redeemable with at least 45 days prior written notice.  The hedge fund investment is accounted for as a limited partnership by the Company. Income is earned based upon the Company’s allocated share of the partnership's changes in unrealized gains and losses to its partners. Such amounts have been recorded in the condensed consolidated statements of operations and comprehensive loss within net gains (losses) on investments.</p><p style="MARGIN: 0px; text-align:center;"> </p><p style="MARGIN: 0px; text-align:justify;">The estimated fair value and the level of the fair value hierarchy of the Company’s long-term debt as of June 30, 2020 and December 31, 2019 not measured at fair value is as follows:</p><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Level 1</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Level 2</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Level 3</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Total</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Long-term debt </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="10" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Senior Notes due 2022 </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">27,279,898</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">27,279,898</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Long-term debt </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="10" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Senior Notes due 2022 </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">27,313,994</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">27,313,994</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="10" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Fixed-maturity securities available-for-sale </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">and obligations of U.S. </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">government corporations </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,086,710</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,086,710</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Political subdivisions of </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">States, Territories and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Possessions </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">9,000,386</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">9,000,386</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Corporate and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">bonds industrial and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">miscellaneous </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">129,921,971</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,084,277</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">132,006,248</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Residential mortgage backed securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">21,373,144</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">21,373,144</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total fixed maturities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">133,008,681</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">32,457,807</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">165,466,488</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Equity securities </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">22,705,709</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">22,705,709</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total investments </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">155,714,390</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">32,457,807</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">188,172,197</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="10" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Fixed-maturity securities available-for-sale </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">U.S. Treasury securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and obligations of U.S. </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">government corporations </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">and agencies </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7,061,100</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7,061,100</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Political subdivisions of </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">States, Territories and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Possessions </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">9,321,812</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">9,321,812</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Corporate and other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">bonds industrial and </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">miscellaneous </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">123,010,772</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,611,267</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">125,622,039</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Residential mortgage backed securities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">26,231,230</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">26,231,230</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total fixed maturities</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">130,071,872</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">38,164,309</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">168,236,181</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Equity securities </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">24,661,382</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">24,661,382</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total investments </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">154,733,254</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">38,164,309</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">192,897,563</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 3086710 0 0 3086710 0 9000386 0 9000386 129921971 2084277 0 132006248 0 21373144 0 21373144 133008681 32457807 0 165466488 22705709 0 0 22705709 155714390 32457807 0 188172197 7061100 0 0 7061100 0 9321812 0 9321812 123010772 2611267 0 125622039 0 26231230 0 26231230 130071872 38164309 0 168236181 24661382 0 0 24661382 154733254 38164309 0 192897563 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong>Category </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"><strong> </strong></p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020 </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"><strong> </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"><strong> </strong></p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Other Investments:</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Hedge fund </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:12%;vertical-align:bottom;text-align:right;">2,542,320</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:12%;vertical-align:bottom;text-align:right;">2,584,913</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;vertical-align:bottom;text-align:right;">2,542,320</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;vertical-align:bottom;text-align:right;">2,584,913</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 2542320 2584913 2542320 2584913 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Level 1</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Level 2</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Level 3</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Total</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Long-term debt </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="10" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Senior Notes due 2022 </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">27,279,898</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">27,279,898</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="14" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Long-term debt </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="10" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Senior Notes due 2022 </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">27,313,994</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">27,313,994</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 0 27279898 0 27279898 0 27313994 0 27313994 <p style="MARGIN: 0px; text-align:justify;"><strong>Note 5 - Fair Value of Financial Instruments and Real Estate</strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The estimated fair values of the Company’s financial instruments and real estate as of June 30, 2020 and December 31, 2019 are as follows:</p><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Carrying</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Carrying</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="4" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Fixed-maturity securities-held-to maturity </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7,870,374</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,322,456</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,825,952</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,124,767</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Cash and cash equivalents </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">20,153,732</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">20,153,732</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">32,391,485</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">32,391,485</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Premiums receivable, net </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">13,339,539</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">13,339,539</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">12,706,411</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">12,706,411</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Reinsurance receivables, net </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">41,242,321</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">41,242,321</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">40,750,538</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">40,750,538</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Real estate, net of accumulated depreciation </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,256,872</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,705,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,292,743</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,705,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Reinsurance balances payable</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,467,103</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,467,103</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,714,724</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,714,724</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>December 31, 2019</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Carrying</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Carrying</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Estimated</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Value</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Fair Value</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="4" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Fixed-maturity securities-held-to maturity </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7,870,374</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,322,456</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,825,952</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,124,767</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Cash and cash equivalents </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">20,153,732</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">20,153,732</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">32,391,485</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">32,391,485</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Premiums receivable, net </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">13,339,539</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">13,339,539</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">12,706,411</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">12,706,411</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Reinsurance receivables, net </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">41,242,321</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">41,242,321</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">40,750,538</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">40,750,538</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Real estate, net of accumulated depreciation </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,256,872</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,705,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,292,743</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,705,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Reinsurance balances payable</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,467,103</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,467,103</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,714,724</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,714,724</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 7870374 8322456 3825952 4124767 20153732 20153732 32391485 32391485 13339539 13339539 12706411 12706411 41242321 41242321 40750538 40750538 2256872 2705000 2292743 2705000 5467103 5467103 11714724 11714724 <p style="MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>Note 6 - Property and Casualty Insurance Activity </strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Premiums Earned</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Premiums written, ceded and earned are as follows:</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="margin:0px"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Direct</strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Assumed</strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Ceded</strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Net</strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Six months ended June 30, 2020</strong></p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums written</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">79,347,406</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(28,066,253</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">51,281,153</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Change in unearned premiums</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">5,376,958</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(3,079,805</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">2,297,153</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums earned</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">84,724,364</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(31,146,058</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">53,578,306</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Six months ended June 30, 2019</strong></p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums written</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">82,309,827</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">77</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(15,327,796</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">66,982,108</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Change in unearned premiums</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(6,456,216</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">202</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">271,074</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(6,184,940</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums earned</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">75,853,611</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">279</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(15,056,722</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">60,797,168</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Three months ended June 30, 2020</strong></p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums written</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">42,650,477</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(14,559,998</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">28,090,479</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Change in unearned premiums</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(527,742</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(925,881</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(1,453,623</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums earned</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">42,122,735</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(15,485,879</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">26,636,856</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Three months ended June 30, 2019</strong></p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums written</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">44,821,279</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">111</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(8,199,887</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">36,621,503</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Change in unearned premiums</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(5,828,149</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">7</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">407,918</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(5,420,224</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums earned</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">38,993,130</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">118</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(7,791,969</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">31,201,279</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Premium receipts in advance of the policy effective date are recorded as advance premiums. The balance of advance premiums as of June 30, 2020 and December 31, 2019 was $4,599,781 and $3,191,512, respectively.</p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Loss and Loss Adjustment Expense Reserves </span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The following table provides a reconciliation of the beginning and ending balances for unpaid losses and loss adjustment expense (“LAE”) reserves:</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30,</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="4" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Balance at beginning of period </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">80,498,611</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">56,197,106</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Less reinsurance recoverables</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(15,728,224</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(15,671,247</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Net balance, beginning of period </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">64,770,387</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">40,525,859</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Incurred related to:</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Current year</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">29,373,472</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">40,689,147</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Prior years </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(174,020</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">6,117,385</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total incurred</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">29,199,452</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">46,806,532</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Paid related to:</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Current year</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">14,223,404</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">19,692,437</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Prior years</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">20,204,732</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">13,999,258</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total paid</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">34,428,136</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">33,691,695</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Net balance at end of period </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">59,541,702</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">53,640,696</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Add reinsurance recoverables</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">17,066,657</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">16,034,424</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Balance at end of period </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">76,608,359</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">69,675,120</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;">Incurred losses and LAE are net of reinsurance recoveries under reinsurance contracts of $10,219,432 and $6,621,688 for the six months ended June 30, 2020 and 2019, respectively.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Prior year incurred loss and LAE development is based upon estimates by line of business and accident year. Prior year loss and LAE development incurred during the six months ended June 30, 2020 and 2019 was $174,020 favorable and $6,117,385 unfavorable, respectively. During the six months ended June 30, 2019, the Company increased case reserves for certain older open liability claims, which primarily affected the ultimate loss projections for commercial lines business. This was in response to management’s detailed review of open liability claims that resulted in new assessments of carried case and incurred but not reported (“IBNR”) reserve levels, giving consideration to both Company and industry trends.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Loss and LAE reserves</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The reserving process for loss and LAE reserves provides for the Company’s best estimate at a particular point in time of the ultimate unpaid cost of all losses and LAE incurred, including settlement and administration of losses, and is based on facts and circumstances then known including losses that have occurred but that have not yet been reported. The process relies on standard actuarial reserving methodologies, judgments relative to estimates of ultimate claim severity and frequency, the length of time before losses will develop to their ultimate level (‘tail’ factors), and the likelihood of changes in the law or other external factors that are beyond the Company’s control. Several actuarial reserving methodologies are used to estimate required loss reserves. The process produces carried reserves set by management based upon the actuaries’ best estimate and is the cumulative combination of the best estimates made by line of business, accident year, and loss and LAE. The amount of loss and LAE reserves for individual reported claims (the “case reserve”) is determined by the claims department and changes over time as new information is gathered.  Such information is critical to the review of appropriate IBNR reserves and includes a review of coverage applicability, comparative liability on the part of the insured, injury severity, property damage, replacement cost estimates, and any other information considered pertinent to estimating the exposure presented by the claim. The amounts of loss and LAE reserves for unreported claims and development on known claims (IBNR reserves) are determined using historical information aggregated by line of insurance as adjusted to current conditions. Since this process produces loss reserves set by management based upon the actuaries’ best estimate, there is no explicit or implicit provision for uncertainty in the carried loss reserves.</p><p style="MARGIN: 0px; text-align:justify;">Due to the inherent uncertainty associated with the reserving process, the ultimate liability may differ, perhaps substantially, from the original estimate. Such estimates are regularly reviewed and updated and any resulting adjustments are included in the current period’s results. Reserves are closely monitored and are recomputed periodically using the most recent information on reported claims and a variety of statistical techniques. On at least a quarterly basis, the Company reviews by line of business existing reserves, new claims, changes to existing case reserves, and paid losses with respect to the current and prior periods. Several methods are used, varying by line of business and accident year, in order to select the estimated period-end loss reserves.  These methods include the following:</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px 0px 0px 0.5in; text-align:justify;"><em>Paid Loss Development</em> - historical patterns of paid loss development are used to project future paid loss emergence in order to estimate required reserves.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px 0px 0px 0.5in; text-align:justify;"><em>Incurred Loss Development</em> - historical patterns of incurred loss development, reflecting both paid losses and changes in case reserves, are used to project future incurred loss emergence in order to estimate required reserves.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px 0px 0px 0.5in; text-align:justify;"><em>Paid Bornhuetter-Ferguson (“BF”)</em> - an estimated loss ratio for a particular accident year is determined, and is weighted against the portion of the accident year claims that have been paid, based on historical paid loss development patterns.  The estimate of required reserves assumes that the remaining unpaid portion of a particular accident year will pay out at a rate consistent with the estimated loss ratio for that year.  This method can be useful for situations where an unusually high or low amount of paid losses exists at the early stages of the claims development process.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px 0px 0px 0.5in; text-align:justify;"><em>Incurred Bornhuetter-Ferguson (“BF”)</em> - an estimated loss ratio for a particular accident year is determined, and is weighted against the portion of the accident year claims that have been reported, based on historical incurred loss development patterns.  The estimate of required reserves assumes that the remaining unreported portion of a particular accident year will pay out at a rate consistent with the estimated loss ratio for that year.  This method can be useful for situations where an unusually high or low amount of reported losses exists at the early stages of the claims development process.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px 0px 0px 0.5in; text-align:justify;"><em>Incremental Claim-Based Methods </em>- historical patterns of incremental incurred losses and paid LAE during various stages of development are reviewed and assumptions are made regarding average loss and LAE development applied to remaining claims inventory.  Such methods more properly reflect changes in the speed of claims closure and the relative adequacy of case reserve levels at various stages of development.  These methods may provide a more accurate estimate of IBNR for lines of business with relatively few remaining open claims but for which significant recent settlement activity has occurred.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px 0px 0px 0.5in; text-align:justify;"><em>Frequency / Severity Based Methods</em> - historical measurements of claim frequency and average paid claim size (severity) are reviewed for more mature accident years where a majority of claims have been reported and/or closed.  These historical averages are trended forward to more recent periods in order to estimate ultimate losses for newer accident years that are not yet fully developed.  These methods are useful for lines of business with slow and/or volatile loss development patterns, such as liability lines where information pertaining to individual cases may not be completely known for many years.  The claim frequency and severity information for older periods can then be used as reasonable measures for developing a range of estimates for more recent immature periods. </p><p style="MARGIN: 0px; text-align:justify;">Management’s best estimate of required reserves is generally based on an average of the methods above, with appropriate weighting of methods based on the line of business and accident year being projected. In some cases, additional methods or historical data from industry sources are employed to supplement the projections derived from the methods listed above.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Three key assumptions that materially affect the estimate of loss reserves are the loss ratio estimate for the current accident year used in the BF methods, the loss development factor selections used in the loss development methods, and the loss severity assumptions used in the frequency / severity method described above. The loss ratio estimates used in the BF methods are selected after reviewing historical accident year loss ratios adjusted for rate changes, trend, and mix of business.  The severity assumptions used in the frequency / severity method are determined by reviewing historical average claim severity for older more mature accident periods, trended forward to less mature accident periods.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The Company is not aware of any claim trends that have emerged or that would cause future adverse development that have not already been contemplated in setting current carried reserves levels. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">In New York State, lawsuits for negligence are subject to certain limitations and must be commenced within three years from the date of the accident or are otherwise barred. Accordingly, the Company’s exposure to unreported claims (“pure” IBNR) for accident dates of June 30, 2017 and prior is limited, although there remains the possibility of adverse development on reported claims (“case development” IBNR).  In certain rare circumstances states have retroactively revised a statute of limitations.  The Company is not aware of any such effort that would have a material impact on the Company’s results.  </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The following is information about incurred and paid claims development as of June 30, 2020, net of reinsurance, as well as the cumulative reported claims by accident year and total IBNR reserves as of June 30, 2020 included in the net incurred loss and allocated expense amounts. The historical information regarding incurred and paid claims development for the years ended December 31, 2011 to December 31, 2019 is presented as supplementary unaudited information.</p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td colspan="8" style="vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong>All Lines of Business</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td colspan="16" style="vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong><em>(in thousands, except reported claims data)</em></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>As of</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="38" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Incurred Loss and Allocated Loss Adjustment Expenses, Net of Reinsurance</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="34" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>For the Years Ended December 31,</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>For the six months ended June </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cumulative Number of Reported Claims by Accident </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Accident Year</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2011</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2012</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2013</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2014</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2015</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2016</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2017</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2018</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2019</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="margin:0px"><strong>30, 2020</strong> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>IBNR</strong> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><strong>Year</strong></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="34" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>(Unaudited 2011 - 2019)</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>(Unaudited)</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0px; text-align:center;">2011</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">7,603</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">7,678</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">8,618</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,440</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,198</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,066</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,144</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,171</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,127</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,128</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">1,914</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2012</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,539</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,344</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,278</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,382</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,582</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,790</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,791</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">11,015</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,963</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">91</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">4,704</td><td style="vertical-align:bottom;white-space: nowrap;"><p style="margin:0px"><strong>(1)</strong></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2013</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,728</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,745</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,424</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,621</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,061</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,089</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,607</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,430</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">33</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,561</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2014</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">14,193</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">14,260</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">14,218</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">14,564</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">15,023</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">16,381</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">16,509</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">299</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">2,137</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2015</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">22,340</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">21,994</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">22,148</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">22,491</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">23,386</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">23,031</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">130</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">2,555</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2016</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">26,062</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">24,941</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">24,789</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">27,887</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">27,832</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">423</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">2,878</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2017</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">31,605</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">32,169</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">35,304</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">36,026</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">414</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">3,384</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2018</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">54,455</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">56,351</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">58,289</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">2,187</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">4,191</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2019</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">75,092</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">72,769</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">11,498</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">4,394</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2020</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;text-align:right;">27,492</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">7,445</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,713</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><strong>Total </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;text-align:right;">292,469</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">                          </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;font-variant:normal;font-weight:normal;font-style:normal;text-align:left;line-height:normal;width:100%"><tbody><tr style="height:15px"><td style="width:4%;vertical-align:top;"><p style="margin:0px">(1) </p></td><td style="vertical-align:top;">Reported claims for accident year 2012 includes 3,406 claims from Superstorm Sandy. </td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td colspan="8" style="vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong>All Lines of Business</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td colspan="4" style="vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong><em>(in thousands)</em></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="38" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Cumulative Paid Loss and Allocated Loss Adjustment Expenses, Net of Reinsurance</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="34" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>For the Years Ended December 31,</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>For the six months ended </strong></p><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30,</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Accident Year</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2011</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2012</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2013</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2014</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2015</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2016</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2017</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2018</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2019</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><strong>2020</strong></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="34" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>(Unaudited 2011 - 2019)</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>(Unaudited)</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2011</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,740</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">5,117</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">6,228</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">7,170</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,139</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,540</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,702</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,727</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,789</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,993</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2012</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">3,950</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5,770</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">7,127</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">8,196</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,187</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,236</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,323</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,428</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,443</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2013</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">3,405</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5,303</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">6,633</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">7,591</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">8,407</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,056</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,717</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,007</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2014</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5,710</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,429</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,738</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">11,770</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">13,819</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">14,901</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">15,169</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2015</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">12,295</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">16,181</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">18,266</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">19,984</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">21,067</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">22,058</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2016</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">15,364</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">19,001</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">21,106</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">23,974</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">24,863</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2017</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">16,704</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">24,820</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">28,693</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">30,172</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2018</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">32,383</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">44,516</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">47,698</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2019</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">40,933</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">52,940</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2020</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;text-align:right;">13,087</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><strong>Total</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">235,431</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td colspan="36" style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">Net liability for unpaid loss and allocated loss adjustment expenses for the accident years presented</p></td><td/><td/><td><p style="MARGIN: 0px; text-align:left;">$</p></td><td><p style="MARGIN: 0px; text-align:right;">57,038</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td colspan="36" style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">All outstanding liabilities before 2011, net of reinsurance</p></td><td/><td/><td style="BORDER-BOTTOM: black 1px solid;"/><td style="BORDER-BOTTOM: black 1px solid;"><p style="MARGIN: 0px; text-align:right;">98</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td colspan="36" style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">Liabilities for loss and allocated loss adjustment expenses, net of reinsurance</p></td><td/><td/><td style="BORDER-BOTTOM: black 1px solid;">$</td><td style="BORDER-BOTTOM: black 1px solid;"><p style="MARGIN: 0px; text-align:right;">57,136</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Reported claim counts are measured on an occurrence or per event basis.  A single claim occurrence could result in more than one loss type or claimant; however, the Company counts claims at the occurrence level as a single claim regardless of the number of claimants or claim features involved.</p><p style="MARGIN: 0px; text-align:justify;">The reconciliation of the net incurred and paid loss development tables to the loss and LAE reserves in the consolidated balance sheet is as follows:</p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="margin:0px"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"/><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>As of</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:bottom;"><p style="margin:0px"><strong><em>(in thousands)</em></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Liabilities for loss and loss adjustment expenses, net of reinsurance</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">57,136</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total reinsurance recoverable on unpaid losses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">17,066</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Unallocated loss adjustment expenses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,406</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total gross liability for loss and LAE reserves</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">76,608</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Reinsurance</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Through June 30, 2019, the Company’s quota share reinsurance treaties were on a July 1 through June 30 fiscal year basis. Effective December 15, 2019, the Company entered into a quota share reinsurance treaty for its personal lines business, which primarily consists of homeowners’ policies, covering the period from December 15, 2019 through December 31, 2020 (“2019/2020 Treaty”). The Company’s quota share reinsurance treaties in effect during the six months ended June 30, 2019 for its personal lines business were covered under a treaty covering a two-year period from July 1, 2017 through June 30, 2019 (“2017/2019 Treaty”). The treaty in effect during the six months ended June 30, 2019 was covered under the July 1, 2018 through June 30, 2019 treaty year (“2018/2019 Treaty Year”). </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Effective July 1, 2019, the 2017/2019 Treaty and the commercial umbrella treaty expired on a run-off basis; these treaties were not renewed. The Company entered into new excess of loss and catastrophe reinsurance treaties effective July 1, 2020. Material terms for reinsurance treaties in effect for the treaty years shown below are as follows:</p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt"> Treaty Year </span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">July 1, 2020</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">July 1, 2019</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">July 1, 2018</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong><span style="font-size:8pt">Line of Business </span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">June 30, 2021</span></strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">June 30, 2020</span></strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">June 30, 2019</span></strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;"><span style="font-size:8pt"><span style="text-decoration:underline">Personal Lines</span>:</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><span style="text-decoration:underline"><span style="font-size:8pt">Personal Umbrella </span></span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Quota share treaty: </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Percent ceded - first $1,000,000 of coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">90</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">90</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">90</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Percent ceded - excess of $1,000,000 of coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">95</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Risk retained </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">300,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Total reinsurance coverage per occurrence </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,700,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,900,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,900,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Losses per occurrence subject to quota share reinsurance coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">5,000,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">5,000,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">5,000,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Expiration date </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">June 30, 2021</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">June 30, 2020</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">June 30, 2019</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;"><span style="font-size:8pt"><span style="text-decoration:underline">Commercial Lines</span>:</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><span style="font-size:8pt">General liability commercial policies </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Quota share treaty </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Risk retained </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Excess of loss coverage above risk retained </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">in excess of </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">in excess of </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">in excess of </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Total reinsurance coverage per occurrence </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Losses per occurrence subject to reinsurance coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,500,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,500,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,500,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><span style="font-size:8pt">Commercial Umbrella </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Quota share treaty: </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Percent ceded - first $1,000,000 of coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">90</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Percent ceded - excess of $1,000,000 of coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Risk retained </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Total reinsurance coverage per occurrence </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,900,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Losses per occurrence subject to quota share reinsurance coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">5,000,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Expiration date </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">June 30, 2019</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;">The Company’s reinsurance program has been structured to enable the Company to grow its premium volume while maintaining regulatory capital and other financial ratios generally within or below the expected ranges used for regulatory oversight purposes. The reinsurance program also provides income as a result of ceding commissions earned pursuant to the quota share reinsurance contracts. The Company’s participation in reinsurance arrangements does not relieve the Company of its obligations to policyholders. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Ceding Commission Revenue</span><em> </em></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The Company earns ceding commission revenue under its quota share reinsurance agreements based on: (i) a fixed provisional commission rate at which provisional ceding commissions are earned, and (ii) a sliding scale of commission rates and ultimate treaty year loss ratios on the policies reinsured under each of these agreements based upon which contingent ceding commissions are earned. The sliding scale includes minimum and maximum commission rates in relation to specified ultimate loss ratios.  The commission rate and contingent ceding commissions earned increases when the estimated ultimate loss ratio decreases and, conversely, the commission rate and contingent ceding commissions earned decreases when the estimated ultimate loss ratio increases. </p><p style="MARGIN: 0px; text-align:justify;">The Company’s estimated ultimate treaty year loss ratios (the “Loss Ratio(s)”) for treaties in effect during the three months and six months ended June 30, 2020 are attributable to contracts under the 2019/2020 Treaty. The Loss Ratios for treaties in effect for the three months and six months ended June 30, 2019 are attributable to contracts under the 2017/2019 Treaty for the 2018/2019 Treaty Year, which expired on June 30, 2019 and was not renewed.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Under the 2019/2020 Treaty and the 2017/2019 Treaty for the 2018/2019 Treaty Year, the Company received an upfront fixed provisional ceding commission rate that is not subject to a sliding scale contingent adjustment. In addition to the treaties that were in effect during the three months and six months ended June 30, 2020 and 2019, the Loss Ratios from prior years’ treaties are subject to change as incurred losses from those periods increase or decrease, resulting in an increase or decrease in the commission rate and contingent ceding commissions earned.   </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Ceding commission revenue consists of the following:</p><p style="margin:0px"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Three months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30,</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30,</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Provisional ceding commissions earned </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,440,676</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,363,474</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7,161,036</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,681,225</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Contingent ceding commissions earned </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">39,538</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(687,779</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">150,277</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(727,847</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,480,214</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">675,695</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">7,311,313</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,953,378</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Provisional ceding commissions are settled monthly. Balances due from reinsurers for contingent ceding commissions on quota share treaties are settled annually based on the Loss Ratio of each treaty year that ends on June 30. As discussed above, the Loss Ratios from prior years’ treaties are subject to change as incurred losses from those periods develop, resulting in an increase or decrease in the commission rate and contingent ceding commissions earned.  As of June 30, 2020 and December 31, 2019, net contingent ceding commissions payable to reinsurers under all treaties was approximately $2,736,000 and $2,886,000, respectively, which is recorded in reinsurance balances payable on the accompanying condensed consolidated balance sheets.</p><table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td/><td/><td colspan="8" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">Treaty Year</span></strong></p></td><td/></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 15, 2019</span></strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">July 1, 2019</span></strong></p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">July 1, 2018</span></strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong><span style="font-size:8pt">Line of Business </span></strong></p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 31,</span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2020</span></strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 14,</span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2019</span></strong></p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">June 30,</span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2019</span></strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2"><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2"><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="text-decoration:underline"><span style="font-size:8pt">Personal Lines</span></span><span style="font-size:8pt">:</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">Homeowners, dwelling fire and</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">and canine legal liability</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">Quota share treaty: </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="width:65%;vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">Percent ceded </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">25</span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">%</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:9%;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">10</span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">%</span></p></td></tr></tbody></table><p style="margin:0px"> <span style="font-size:8pt">  </span></p><table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td/><td/><td colspan="18" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">Treaty Year</span></strong></p></td><td/></tr><tr style="height:15px"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">January 1, 2021</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">July 1, 2020</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 15, 2019</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">July 1, 2019</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">July 1, 2018</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong><span style="font-size:8pt"> Line of Business </span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">June 30,</span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2021</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 31, </span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2020</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">June 30,</span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2020</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 14, </span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2019</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">June 30, </span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2019</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><span style="text-decoration:underline"><span style="font-size:8pt">Personal Lines</span></span><span style="font-size:8pt">:</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">Homeowners, dwelling fire and</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">and canine legal liability</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Quota share treaty: </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Risk retained on intial </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> $1,000,000 of losses </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt">NA (7) </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">750,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">750,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">900,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Losses per occurrence subject </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> to quota share </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> reinsurance coverage </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt">NA (7) </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt">None</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Expiration date </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">December 31, 2020</span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">December 31, 2020</span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2019</span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Excess of loss coverage and </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> facultative facility </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="width:40%;vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> coverage (1) </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">8,000,000</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">8,000,000</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,000,000</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,000,000</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,000,000</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Total reinsurance coverage </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> per occurrence (7)</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> 8,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">8,250,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,250,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,100,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Losses per occurrence subject </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> to reinsurance coverage </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">8,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">10,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">10,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">10,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Expiration date (7)</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2021</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2021</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2020</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2020</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2019</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"><span style="text-decoration:underline">Catastrophe Reinsurance</span>:</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Initial loss subject to personal </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> lines quota share treaty </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt">NA (7) </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">7,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">7,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt">None</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">5,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Risk retained per catastrophe </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> occurrence (2) (7)</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">10,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">8,125,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">5,625,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">7,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">4,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Catastrophe loss coverage </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> quota share coverage (3) (7)</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">475,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">475,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">602,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">602,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">445,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Reinstatement premium </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> protection (4) (5) (6) </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt"> Yes </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt"> Yes </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt"> Yes </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt"> Yes </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt"> Yes </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr></tbody></table><p style="margin:0px">  </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;font-variant:normal;font-weight:normal;font-style:normal;text-align:left;line-height:normal;width:100%"><tbody><tr style="height:15px"><td style="width:4%;vertical-align:top;"><p style="margin:0px">(1) </p></td><td style="vertical-align:top;">For personal lines, includes the addition of an automatic facultative facility allowing KICO to obtain homeowners single risk coverage up to $10,000,000 in total insured value, which covers direct losses from $3,500,000 to $10,000,000.</td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px">(2) </p></td><td style="vertical-align:top;">Plus losses in excess of catastrophe coverage. Effective July 1, 2020, no reinsurance coverage for the $2,500,000 gap between quota share limit of $7,500,000 and first $10,000,000 layer of catastrophe coverage (see note 7 below).</td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px">(3) </p></td><td style="vertical-align:top;">Catastrophe coverage is limited on an annual basis to two times the per occurrence amounts. Duration of 168 consecutive hours for a catastrophe occurrence from windstorm, hail, tornado, hurricane and cyclone.</td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px">(4) </p></td><td style="vertical-align:top;">Effective July 1, 2018, reinstatement premium protection for $210,000,000 of catastrophe coverage in excess of $5,000,000.</td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px">(5) </p></td><td style="vertical-align:top;">Effective July 1, 2019, reinstatement premium protection for $292,500,000 of catastrophe coverage in excess of $7,500,000.</td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px">(6) </p></td><td style="vertical-align:top;">Effective July 1, 2020, reinstatement premium protection for $70,000,000 of catastrophe coverage in excess of $10,000,000.</td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px">(7) </p></td><td style="vertical-align:top;">Quota share expires December 31, 2020; reinsurance coverage from January 1, 2021 through June 30, 2021 is only for excess of loss and catastrophe reinsurance.</td></tr></tbody></table> <table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Direct</strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Assumed</strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Ceded</strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong>Net</strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><strong>Six months ended June 30, 2020</strong></p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums written</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">79,347,406</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(28,066,253</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">51,281,153</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Change in unearned premiums</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">5,376,958</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(3,079,805</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">2,297,153</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums earned</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">84,724,364</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(31,146,058</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">53,578,306</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Six months ended June 30, 2019</strong></p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums written</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">82,309,827</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">77</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(15,327,796</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">66,982,108</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Change in unearned premiums</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(6,456,216</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">202</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">271,074</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(6,184,940</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums earned</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">75,853,611</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">279</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(15,056,722</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">60,797,168</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Three months ended June 30, 2020</strong></p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums written</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">42,650,477</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(14,559,998</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">28,090,479</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Change in unearned premiums</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(527,742</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(925,881</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(1,453,623</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums earned</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">42,122,735</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(15,485,879</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">26,636,856</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><strong>Three months ended June 30, 2019</strong></p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums written</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">44,821,279</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">111</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(8,199,887</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">36,621,503</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Change in unearned premiums</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(5,828,149</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">7</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">407,918</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(5,420,224</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Premiums earned</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">38,993,130</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">118</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">(7,791,969</p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px">)</p></td><td style="width:1%;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"><p style="margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;">31,201,279</p></td><td style="width:1%;"><p style="margin:0px"> </p></td></tr></tbody></table> 79347406 0 -28066253 51281153 5376958 0 -3079805 2297153 84724364 0 -31146058 53578306 82309827 77 -15327796 66982108 -6456216 202 271074 -6184940 75853611 279 -15056722 60797168 42650477 0 -14559998 28090479 -527742 0 -925881 -1453623 42122735 0 -15485879 26636856 44821279 111 -8199887 36621503 -5828149 7 407918 -5420224 38993130 118 -7791969 31201279 4599781 3191512 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30,</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="4" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Balance at beginning of period </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">80,498,611</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">56,197,106</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Less reinsurance recoverables</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(15,728,224</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(15,671,247</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Net balance, beginning of period </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">64,770,387</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">40,525,859</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Incurred related to:</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Current year</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">29,373,472</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">40,689,147</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Prior years </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(174,020</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">6,117,385</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total incurred</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">29,199,452</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">46,806,532</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Paid related to:</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Current year</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">14,223,404</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">19,692,437</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Prior years</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">20,204,732</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">13,999,258</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Total paid</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">34,428,136</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">33,691,695</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Net balance at end of period </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">59,541,702</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">53,640,696</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Add reinsurance recoverables</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">17,066,657</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">16,034,424</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Balance at end of period </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">76,608,359</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">69,675,120</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 80498611 56197106 -15728224 -15671247 64770387 40525859 29373472 40689147 -174020 6117385 29199452 46806532 14223404 19692437 20204732 13999258 34428136 33691695 59541702 53640696 17066657 16034424 76608359 69675120 10219432 6621688 174020 6117385 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td colspan="8" style="vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong>All Lines of Business</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td colspan="16" style="vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong><em>(in thousands, except reported claims data)</em></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>As of</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="38" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Incurred Loss and Allocated Loss Adjustment Expenses, Net of Reinsurance</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="34" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>For the Years Ended December 31,</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>For the six months ended June </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Cumulative Number of Reported Claims by Accident </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Accident Year</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2011</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2012</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2013</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2014</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2015</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2016</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2017</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2018</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2019</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="margin:0px"><strong>30, 2020</strong> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>IBNR</strong> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><strong>Year</strong></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="34" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>(Unaudited 2011 - 2019)</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>(Unaudited)</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0px; text-align:center;">2011</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">7,603</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">7,678</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">8,618</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,440</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,198</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,066</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,144</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,171</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,127</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">9,128</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:4%;vertical-align:bottom;text-align:right;">1,914</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2012</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,539</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,344</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,278</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,382</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,582</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,790</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,791</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">11,015</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,963</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">91</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">4,704</td><td style="vertical-align:bottom;white-space: nowrap;"><p style="margin:0px"><strong>(1)</strong></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2013</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,728</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,745</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,424</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,621</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,061</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,089</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,607</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,430</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">33</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,561</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2014</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">14,193</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">14,260</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">14,218</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">14,564</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">15,023</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">16,381</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">16,509</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">299</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">2,137</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2015</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">22,340</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">21,994</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">22,148</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">22,491</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">23,386</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">23,031</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">130</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">2,555</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2016</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">26,062</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">24,941</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">24,789</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">27,887</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">27,832</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">423</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">2,878</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2017</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">31,605</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">32,169</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">35,304</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">36,026</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">414</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">3,384</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2018</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">54,455</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">56,351</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">58,289</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">2,187</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">4,191</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2019</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">75,092</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">72,769</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">11,498</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">4,394</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">2020</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;text-align:right;">27,492</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">7,445</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,713</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><strong>Total </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;text-align:right;">292,469</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">                          </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;font-variant:normal;font-weight:normal;font-style:normal;text-align:left;line-height:normal;width:100%"><tbody><tr style="height:15px"><td style="width:4%;vertical-align:top;"><p style="margin:0px">(1) </p></td><td style="vertical-align:top;">Reported claims for accident year 2012 includes 3,406 claims from Superstorm Sandy. </td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td colspan="8" style="vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong>All Lines of Business</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td colspan="4" style="vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong><em>(in thousands)</em></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="38" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Cumulative Paid Loss and Allocated Loss Adjustment Expenses, Net of Reinsurance</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="34" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>For the Years Ended December 31,</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>For the six months ended </strong></p><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30,</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Accident Year</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2011</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2012</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2013</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2014</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2015</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2016</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2017</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2018</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2019</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><strong>2020</strong></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="34" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>(Unaudited 2011 - 2019)</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>(Unaudited)</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2011</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">3,740</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">5,117</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">6,228</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">7,170</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,139</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,540</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,702</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,727</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,789</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:6%;vertical-align:bottom;text-align:right;">8,993</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2012</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">3,950</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5,770</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">7,127</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">8,196</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,187</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,236</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,323</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,428</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,443</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2013</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">3,405</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5,303</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">6,633</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">7,591</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">8,407</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,056</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,717</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,007</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2014</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5,710</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">9,429</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">10,738</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">11,770</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">13,819</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">14,901</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">15,169</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2015</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">12,295</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">16,181</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">18,266</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">19,984</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">21,067</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">22,058</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2016</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">15,364</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">19,001</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">21,106</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">23,974</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">24,863</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2017</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">16,704</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">24,820</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">28,693</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">30,172</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2018</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">32,383</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">44,516</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">47,698</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2019</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">40,933</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">52,940</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 15px; text-align:left;">2020</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;text-align:right;">13,087</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><strong>Total</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">235,431</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td colspan="36" style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">Net liability for unpaid loss and allocated loss adjustment expenses for the accident years presented</p></td><td/><td/><td><p style="MARGIN: 0px; text-align:left;">$</p></td><td><p style="MARGIN: 0px; text-align:right;">57,038</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td colspan="36" style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">All outstanding liabilities before 2011, net of reinsurance</p></td><td/><td/><td style="BORDER-BOTTOM: black 1px solid;"/><td style="BORDER-BOTTOM: black 1px solid;"><p style="MARGIN: 0px; text-align:right;">98</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td colspan="36" style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">Liabilities for loss and allocated loss adjustment expenses, net of reinsurance</p></td><td/><td/><td style="BORDER-BOTTOM: black 1px solid;">$</td><td style="BORDER-BOTTOM: black 1px solid;"><p style="MARGIN: 0px; text-align:right;">57,136</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 7603 7678 8618 9440 9198 9066 9144 9171 9127 9128 0 1,914 9539 9344 10278 10382 10582 10790 10791 11015 10963 91 4,704 10728 9745 9424 9621 10061 10089 10607 10430 33 1,561 14193 14260 14218 14564 15023 16381 16509 299 2,137 22340 21994 22148 22491 23386 23031 130 2,555 26062 24941 24789 27887 27832 423 2,878 31605 32169 35304 36026 414 3,384 54455 56351 58289 2187 4,191 75092 72769 11498 4,394 27492 7445 1,713 292469 3740 5117 6228 7170 8139 8540 8702 8727 8789 8993 3950 5770 7127 8196 9187 10236 10323 10428 10443 3405 5303 6633 7591 8407 9056 9717 10007 5710 9429 10738 11770 13819 14901 15169 12295 16181 18266 19984 21067 22058 15364 19001 21106 23974 24863 16704 24820 28693 30172 32383 44516 47698 40933 52940 13087 235431 57038 98 57136 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"/><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>As of</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:bottom;"><p style="margin:0px"><strong><em>(in thousands)</em></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30, 2020</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Liabilities for loss and loss adjustment expenses, net of reinsurance</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">57,136</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total reinsurance recoverable on unpaid losses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">17,066</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Unallocated loss adjustment expenses</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,406</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Total gross liability for loss and LAE reserves</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">76,608</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 57136000 17066000 2406000 76608000 <table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td/><td/><td colspan="8" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">Treaty Year</span></strong></p></td><td/></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 15, 2019</span></strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">July 1, 2019</span></strong></p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">July 1, 2018</span></strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong><span style="font-size:8pt">Line of Business </span></strong></p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 31,</span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2020</span></strong></p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 14,</span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2019</span></strong></p></td><td><p style="margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">June 30,</span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2019</span></strong></p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2"><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td><td colspan="2"><p style="margin:0px"> </p></td><td><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="text-decoration:underline"><span style="font-size:8pt">Personal Lines</span></span><span style="font-size:8pt">:</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">Homeowners, dwelling fire and</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">and canine legal liability</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">Quota share treaty: </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="width:65%;vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">Percent ceded </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">25</span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">%</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:9%;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">10</span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">%</span></p></td></tr></tbody></table><p style="margin:0px"> <span style="font-size:8pt">  </span></p><table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td/><td/><td colspan="18" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">Treaty Year</span></strong></p></td><td/></tr><tr style="height:15px"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">January 1, 2021</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">July 1, 2020</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 15, 2019</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">July 1, 2019</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">July 1, 2018</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px"><strong><span style="font-size:8pt"> Line of Business </span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">June 30,</span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2021</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 31, </span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2020</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">June 30,</span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2020</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">December 14, </span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2019</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">June 30, </span></strong></p><p style="MARGIN: 0px; text-align:center;"><strong><span style="font-size:8pt">2019</span></strong></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px"><span style="text-decoration:underline"><span style="font-size:8pt">Personal Lines</span></span><span style="font-size:8pt">:</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">Homeowners, dwelling fire and</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt">and canine legal liability</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Quota share treaty: </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Risk retained on intial </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> $1,000,000 of losses </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt">NA (7) </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">750,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">750,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">900,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Losses per occurrence subject </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> to quota share </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> reinsurance coverage </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt">NA (7) </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt">None</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Expiration date </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">December 31, 2020</span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">December 31, 2020</span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2019</span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Excess of loss coverage and </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> facultative facility </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="width:40%;vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> coverage (1) </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">8,000,000</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">8,000,000</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,000,000</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,000,000</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="width:9%;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,000,000</span></p></td><td style="width:1%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">1,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Total reinsurance coverage </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> per occurrence (7)</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt"> 8,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">8,250,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,250,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,100,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Losses per occurrence subject </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> to reinsurance coverage </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">8,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">9,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">10,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">10,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">10,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Expiration date (7)</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2021</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2021</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2020</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2020</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">June 30, 2019</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"><span style="text-decoration:underline">Catastrophe Reinsurance</span>:</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Initial loss subject to personal </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> lines quota share treaty </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt">NA (7) </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">7,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">7,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt">None</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">5,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Risk retained per catastrophe </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> occurrence (2) (7)</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">10,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">8,125,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">5,625,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">7,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">4,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Catastrophe loss coverage </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> in excess of </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> quota share coverage (3) (7)</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">475,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">475,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">602,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">602,500,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="vertical-align:bottom;"><p style="margin:0px"><span style="font-size:8pt">$</span></p></td><td style="vertical-align:bottom;"><p style="MARGIN: 0px; text-align:right;"><span style="font-size:8pt">445,000,000</span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> Reinstatement premium </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px"><span style="font-size:8pt"> protection (4) (5) (6) </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt"> Yes </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt"> Yes </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt"> Yes </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt"> Yes </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px; text-align:center;"><span style="font-size:8pt"> Yes </span></p></td><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr></tbody></table><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt"> Treaty Year </span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">July 1, 2020</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">July 1, 2019</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">July 1, 2018</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">to</span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="margin:0px 0px 0px 0in"><strong><span style="font-size:8pt">Line of Business </span></strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">June 30, 2021</span></strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">June 30, 2020</span></strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><span style="font-size:8pt">June 30, 2019</span></strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;"><span style="font-size:8pt"><span style="text-decoration:underline">Personal Lines</span>:</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><span style="text-decoration:underline"><span style="font-size:8pt">Personal Umbrella </span></span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Quota share treaty: </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Percent ceded - first $1,000,000 of coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">90</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">90</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">90</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Percent ceded - excess of $1,000,000 of coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">95</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Risk retained </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">300,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Total reinsurance coverage per occurrence </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,700,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,900,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,900,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Losses per occurrence subject to quota share reinsurance coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">5,000,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">5,000,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">5,000,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Expiration date </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">June 30, 2021</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">June 30, 2020</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">June 30, 2019</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;"><span style="font-size:8pt"><span style="text-decoration:underline">Commercial Lines</span>:</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><span style="font-size:8pt">General liability commercial policies </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Quota share treaty </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Risk retained </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Excess of loss coverage above risk retained </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">in excess of </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">in excess of </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">in excess of </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Total reinsurance coverage per occurrence </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">3,750,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Losses per occurrence subject to reinsurance coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,500,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,500,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,500,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><span style="font-size:8pt">Commercial Umbrella </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Quota share treaty: </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">None</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Percent ceded - first $1,000,000 of coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">90</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Percent ceded - excess of $1,000,000 of coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100</span></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">%</span></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Risk retained </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">100,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Total reinsurance coverage per occurrence </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">4,900,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:24pt"><span style="font-size:8pt">Losses per occurrence subject to quota share reinsurance coverage </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><span style="font-size:8pt">$</span></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><span style="font-size:8pt">5,000,000</span></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:8pt"><span style="font-size:8pt">Expiration date </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"><span style="font-size:8pt"> </span></p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;"><span style="font-size:8pt">June 30, 2019</span></p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 25 10 750000 750000 1000000 900000 1000000 1000000 1000000 2020-12-31 2020-12-31 2019-06-30 8000000 8000000 9000000 9000000 9000000 1000000 1000000 1000000 1000000 1000000 8250000 9250000 9000000 9100000 8000000 9000000 10000000 2021-06-30 2021-06-30 2020-06-30 2020-06-30 2019-06-30 7500000 7500000 5000000 8125000 5625000 7500000 4500000 475000000 475000000 602500000 602500000 445000000 Yes Yes Yes Yes Yes 90 90 90 95 100 100 300000 100000 100000 4700000 4900000 4900000 5000000 5000000 5000000 2021-06-30 2020-06-30 2019-06-30 750000 750000 750000 3750000 3750000 3750000 750000 750000 750000 3750000 3750000 3750000 4500000 4500000 4500000 90 100 100000 4900000 5000000 2019-06-30 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Three months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30,</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>June 30,</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="7" style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px">Provisional ceding commissions earned </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,440,676</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,363,474</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7,161,036</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,681,225</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px">Contingent ceding commissions earned </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">39,538</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(687,779</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">150,277</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(727,847</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,480,214</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">675,695</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">7,311,313</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,953,378</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 3440676 1363474 7161036 2681225 39538 -687779 150277 -727847 3480214 675695 7311313 1953378 2736000 2886000 <p style="MARGIN: 0px; text-align:justify;"><strong>Note 7 - Debt </strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Federal Home Loan Bank</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">In July 2017, KICO became a member of, and invested in, the Federal Home Loan Bank of New York (“FHLBNY”). The aggregate fair value of the investment in dividend bearing common stock was $11,200 and $15,180 as of June 30, 2020 and December 31, 2019, respectively. FHLBNY members have access to a variety of flexible, low cost funding through FHLBNY’s credit products, enabling members to customize advances, which are to be fully collateralized.  Eligible collateral to pledge to FHLBNY includes residential and commercial mortgage backed securities, along with U.S. Treasury and agency securities. See Note 3 - Investments for eligible collateral held in a designated custodian account available for future advances. Advances are limited to 5% of KICO’s net admitted assets as of the previous quarter and are due and payable within ninety days of borrowing.  The maximum allowable advance as of June 30, 2020 was approximately $11,339,000. Advances are limited to 85% of the amount of available collateral, which was approximately $5,944,000 as of June 30, 2020.  There were no borrowings under this facility during the six months ended June 30, 2020 and 2019.</p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Long-term Debt</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">On December 19, 2017, the Company issued $30 million of its 5.50% Senior Unsecured Notes due December 30, 2022 (the “Notes”) in an underwritten public offering. Interest is payable semi-annually in arrears on June 30 and December 30 of each year, which began on June 30, 2018 at the rate of 5.50% per annum. The net proceeds of the issuance were $29,121,630, net of discount of $163,200 and transaction costs of $715,170, for an effective yield of 5.67% per annum. The balance of long-term debt as of June 30, 2020 and December 31, 2019 is as follows:</p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;">June 30, </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;">December 31, </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;">2020</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="BORDER-BOTTOM: black 1px solid;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;">2019</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">5.50% Senior Unsecured Notes </td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">30,000,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">30,000,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;">Discount </td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(81,133</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(97,325</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">Issuance costs </td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(359,346</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(431,244</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;">Long-term debt, net </td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 2pt double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 2pt double;width:9%;vertical-align:bottom;text-align:right;">29,559,521</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 2pt double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 2pt double;width:9%;vertical-align:bottom;text-align:right;">29,471,431</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;">The Notes are unsecured obligations of the Company and are not the obligations of or guaranteed by any of the Company's subsidiaries. The Notes rank senior in right of payment to any of the Company's existing and future indebtedness that is by its terms expressly subordinated or junior in right of payment to the Notes. The Notes rank equally in right of payment to all of the Company's existing and future senior indebtedness, but will be effectively subordinated to any secured indebtedness to the extent of the value of the collateral securing such secured indebtedness. In addition, the Notes will be structurally subordinated to the indebtedness and other obligations of the Company's subsidiaries. The Company may redeem the Notes, at any time in whole or from time to time in part, at the redemption price equal to the greater of: (i) 100% of the principal amount of the Notes to be redeemed; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if the Notes matured on the applicable redemption date (exclusive of interest accrued to the applicable redemption date) discounted to the redemption date on a semi-annual basis at the Treasury Rate, plus 50 basis points. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The Company has used an aggregate $28,256,335 of the net proceeds from the offering to contribute capital to KICO in order to support additional growth. The remainder of the net proceeds is being used for general corporate purposes. A registration statement relating to the debt issued in the offering was filed with the SEC, which became effective on November 28, 2017. </p> 11200 15180 11339000 Advances are limited to 85% of the amount of available collateral, which was approximately $5,944,000 as of June 30, 2020 30000000 2022-12-30 0.0550 29121630 163200 715170 0.0567 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;">June 30, </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;">December 31, </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;">2020</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="BORDER-BOTTOM: black 1px solid;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;">2019</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">5.50% Senior Unsecured Notes </td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">30,000,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">30,000,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;">Discount </td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(81,133</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(97,325</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">Issuance costs </td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(359,346</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(431,244</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;">Long-term debt, net </td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 2pt double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 2pt double;width:9%;vertical-align:bottom;text-align:right;">29,559,521</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 2pt double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 2pt double;width:9%;vertical-align:bottom;text-align:right;">29,471,431</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 30000000 30000000 -81133 -97325 -359346 -431244 29559521 29471431 28256335 <p style="MARGIN: 0px; text-align:justify;"><strong>Note 8 - Stockholders’ Equity </strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Dividends Declared and Paid</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Dividends declared and paid on Common Stock were $1,103,400 and $2,153,349 for the six months ended June 30, 2020 and 2019, respectively. The Company’s Board of Directors approved a quarterly dividend on August 5, 2020 of $.04 per share payable in cash on September 15, 2020 to stockholders of record as of August 31, 2020 (see Note 13 - Subsequent Events).</p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Stock Options</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Effective August 12, 2014, the Company adopted the 2014 Equity Participation Plan (the “2014 Plan”) pursuant to which a maximum of 700,000 shares of Common Stock of the Company were initially authorized to be issued pursuant to the grant of incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock and stock bonuses. Incentive stock options granted under the 2014 Plan expire no later than ten years from the date of grant (except no later than five years for a grant to a 10% stockholder). Non-statutory stock options granted under the 2014 Plan expire no later than ten years from the date of grant. The Board of Directors or the Compensation Committee determines the vesting provisions for stock awards granted under the 2014 Plan, subject to the provisions of the 2014 Plan. On August 5, 2020, the Company’s stockholders approved amendments to the 2014 Plan, including an increase in the maximum shares of Common Stock of the Company that are authorized to be used pursuant to the 2014 Plan to 1,400,000 (see Note 13 - Subsequent Events).</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The results of operations for the three months ended June 30, 2020 and 2019 include stock-based compensation expense for stock options totaling approximately $21,000 and $0, respectively. The results of operations for the six months ended June 30, 2020 and 2019 include stock-based compensation expense for stock options totaling approximately $38,000 and $0, respectively. Stock-based compensation expense related to stock options is net of estimated forfeitures of approximately 16% for the three months and six months ended June 30 2020 and 2019. Such amounts have been included in the consolidated statements of operations and comprehensive income within other operating expenses.   </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The weighted average estimated fair value of stock options granted during the six months ended June 30, 2020 was $2.40 per share.  No options were granted during the six months ended June 30, 2019.  The fair value of stock options at the grant date was estimated using the Black-Scholes option-pricing model.  </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The following weighted average assumptions were used for grants during the following periods:</p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> 2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> 2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Dividend Yield</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3.14</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">n/a</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Volatility</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">37.69</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">n/a</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Risk-Free Interest Rate</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.40</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">n/a</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Expected Life</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">2.75 years</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">n/a</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;">The Black-Scholes option pricing model was developed for use in estimating the fair value of traded options, which have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility. Because the Company’s stock options have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management's opinion, the existing models do not necessarily provide a reliable single measure of the fair value of the Company’s stock options.</p><p style="MARGIN: 0px; text-align:justify;">A summary of stock option activity under the Company’s 2014 Plan for the six months ended June 30, 2020 is as follows:</p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">Stock Options</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">Number of Shares</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"> Weighted Average Exercise Price per Share </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"> Weighted Average Remaining Contractual Term </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"> Aggregate Intrinsic Value </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Outstanding at January 1, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">82,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8.61</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3.38</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Granted</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">74,523</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7.96</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4.59</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Exercised</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Forfeited</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(36,557</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8.43</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Outstanding at June 30, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">119,966</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">8.26</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3.94</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Vested and Exercisable at June 30, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">50,000</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">8.45</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1.62</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;">The aggregate intrinsic value of options outstanding and options exercisable at June 30, 2020 is calculated as the difference between the exercise price of the underlying options and the market price of the Company’s Common Stock for the options that had exercise prices that were lower than the $4.42 closing price of the Company’s Common Stock on June 30, 2020. No options were exercised during the six months ended June 30, 2020. The total intrinsic value of options forfeited during the six months ended June 30, 2020 was $-0-, determined as of the date of forfeiture.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Participants in the 2014 Plan may exercise their outstanding vested options, in whole or in part, by having the Company reduce the number of shares otherwise issuable by a number of shares having a fair market value equal to the exercise price of the option being exercised (“Net Exercise”), or by exchanging a number of shares owned for a period of greater than one year having a fair market value equal to the exercise price of the option being exercised (“Share Exchange”). </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">As of June 30, 2020, the estimated fair value of unamortized compensation cost related to unvested stock option awards was approximately $98,000. Unamortized compensation cost as of June 30, 2020 is expected to be recognized over a remaining weighted-average vesting period of 1.68 years. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">As of June 30, 2020, there were 110,199 shares reserved for grants under the 2014 Plan.</p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Restricted Stock Awards</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">A summary of the restricted Common Stock activity under the Company’s 2014 Plan for the six months ended June 30, 2020 is as follows:</p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">Restricted Stock Awards</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">Shares</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"> Weighted Average Grant Date Fair Value per Share </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"> Aggregate Fair Value </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Balance at January 1, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">213,929</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">16.51</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,554,174</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Granted</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">199,812</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7.94</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,586,507</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Vested</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(59,420</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">17.12</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(1,017,090</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Forfeited</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(10,863</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">15.24</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(165,500</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Balance at June 30, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">343,458</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10.81</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,958,091</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Fair value was calculated using the closing price of the Company’s Common Stock on the grant date. For the three months ended June 30, 2020 and 2019, stock-based compensation for these grants was approximately $434,000 and $399,000, respectively, which is included in other operating expenses on the accompanying condensed consolidated statements of operations and comprehensive income. For the six months ended June 30, 2020 and 2019, stock-based compensation for these grants was approximately $905,000 and $708,000, respectively, which is included in other operating expenses on the accompanying condensed consolidated statements of operations and comprehensive income. These amounts reflect the Company’s accounting expense and do not correspond to the actual value that will be recognized by the directors, executives and employees.</p> 1103400 2153349 0.04 700000 21000 0 38000 0 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> 2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> 2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Dividend Yield</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3.14</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">n/a</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Volatility</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">37.69</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">n/a</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Risk-Free Interest Rate</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.40</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">n/a</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Expected Life</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">2.75 years</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">n/a</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 0.0314 0.3769 0.0140 P2Y9M <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">Stock Options</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">Number of Shares</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"> Weighted Average Exercise Price per Share </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"> Weighted Average Remaining Contractual Term </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"> Aggregate Intrinsic Value </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Outstanding at January 1, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">82,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8.61</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3.38</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Granted</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">74,523</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7.96</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4.59</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Exercised</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Forfeited</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(36,557</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8.43</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Outstanding at June 30, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">119,966</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">8.26</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3.94</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Vested and Exercisable at June 30, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">50,000</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">8.45</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1.62</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 82000 8.61 P3Y4M17D 74523 7.96 P4Y7M2D 0 0 0 0 0 -36557 8.43 0 0 119966 8.26 P3Y11M8D 50000 8.45 P1Y7M13D 4.42 0 98000 110199 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">Restricted Stock Awards</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;">Shares</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"> Weighted Average Grant Date Fair Value per Share </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"> Aggregate Fair Value </p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Balance at January 1, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">213,929</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">16.51</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,554,174</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Granted</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">199,812</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7.94</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,586,507</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Vested</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(59,420</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">17.12</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(1,017,090</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="MARGIN: 0px 0px 0px 0in; text-align:justify;">Forfeited</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(10,863</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">15.24</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(165,500</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Balance at June 30, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">343,458</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10.81</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,958,091</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 213929 16.51 3554174 199812 7.94 1586507 -59420 17.12 -1017090 -10863 15.24 -165500 343458 10.81 3958091 434000 399000 905000 708000 <p style="MARGIN: 0px; text-align:justify;"><strong>Note 9 - Income Taxes</strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The Company files a consolidated U.S. federal income tax return that includes all wholly owned subsidiaries. State tax returns are filed on a consolidated or separate return basis depending on applicable laws. The Company records adjustments related to prior years’ taxes during the period when they are identified, generally when the tax returns are filed.  The effect of these adjustments on the current and prior periods (during which the differences originated) is evaluated based upon quantitative and qualitative factors and are considered in relation to the consolidated financial statements taken as a whole for the respective periods. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Deferred tax assets and liabilities are determined using the enacted tax rates applicable to the period the temporary differences are expected to be recovered. Accordingly, the current period income tax provision can be affected by the enactment of new tax rates. The net deferred income taxes on the balance sheets reflect temporary differences between the carrying amounts of the assets and liabilities for financial reporting purposes and income tax purposes, tax effected at various rates depending on whether the temporary differences are subject to federal taxes, state taxes, or both.</p><p style="MARGIN: 0px; text-align:justify;">Significant components of the Company’s deferred tax assets and liabilities are as follows:</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> December 31, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Deferred tax asset: </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Net operating loss carryovers (1) </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">55,845</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,586,247</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Claims reserve discount </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">771,358</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">839,959</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Unearned premium </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,068,011</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,105,344</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Deferred ceding commission revenue </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,465,501</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,624,434</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">332,021</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">462,019</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total deferred tax assets </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">5,692,736</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">7,618,003</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Deferred tax liability: </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Investment in KICO (2) </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">759,543</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">759,543</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Deferred acquisition costs </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,099,692</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,333,219</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Intangible asset </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">105,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">105,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Depreciation and amortization </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">302,443</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">312,298</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Net unrealized gains of securities - available-for-sale </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,015,527</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">1,796,891</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total deferred tax liabilities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">7,282,205</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">7,306,951</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Net deferred income tax (liability) asset </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">(1,589,469</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">311,052</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;font-variant:normal;font-weight:normal;font-style:normal;text-align:left;line-height:normal;width:100%"><tbody><tr style="height:15px"><td style="width:4%;"><p style="margin:0px"> </p></td><td style="width:4%;vertical-align:top;"><p style="margin:0px">(1) </p></td><td style="vertical-align:top;">The deferred tax assets from net operating loss carryovers (“NOL”) are as follows:</td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>December 31, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell"/><td> </td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Type of NOL </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Expiration</strong></p></td><td> </td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Federal only, current year </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">1,517,866</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:15%;"><p style="margin:0px 0px 0px 0in">(A)</p></td><td style="width:1%;"> </td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">State only (B) </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,805,591</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,616,568</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td><p style="MARGIN: 0px 0px 0px 0in; text-align:left;">December 31, 2040</p></td><td> </td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Valuation allowance </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(1,749,746</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(1,548,187</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">State only, net of valuation allowance </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">55,845</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">68,381</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total deferred tax asset from net operating loss carryovers </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">55,845</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">1,586,247</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px 0px 0px 45px; text-align:justify;">(A) On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law, allowing for a five year carryback of 2019 NOL’s. The Company will elect on its 2019 federal income tax return to carry back the 2019 NOL to tax years 2014 and 2015. The corporate tax rate in 2014 and 2015 was 34%, compared to the corporate tax rate of 21% in 2019.    </p><p style="MARGIN: 0px 0px 0px 45px; text-align:justify;"> </p><p style="MARGIN: 0px 0px 0px 45px; text-align:justify;">(B) Kingstone generates operating losses for state purposes and has prior year NOLs available. The state NOL as of June 30, 2020 and December 31, 2019 was approximately $26,502,000 and $24,901,000, respectively. KICO, the Company’s insurance underwriting subsidiary, is not subject to state income taxes. KICO’s state tax obligations are paid through a gross premiums tax, which is included in the consolidated statements of operations and comprehensive loss within other underwriting expenses. Kingstone has recorded a valuation allowance due to the uncertainty of generating enough state taxable income to utilize 100% of the available state NOLs over their remaining lives, which expire between 2027 and 2040.   </p><p style="MARGIN: 0px 0px 0px 45px; text-align:justify;">(2)<span style="font:7pt &quot;times new roman&quot;">   </span>Deferred tax liability - Investment in KICO</p><p style="MARGIN: 0px 0px 0px 45px; text-align:justify;"> </p><p style="MARGIN: 0px 0px 0px 45px; text-align:justify;">On July 1, 2009, the Company completed the acquisition of 100% of the issued and outstanding common stock of KICO (formerly known as Commercial Mutual Insurance Company (“CMIC”)) pursuant to the conversion of CMIC from an advance premium cooperative to a stock property and casualty insurance company. Pursuant to the plan of conversion, the Company acquired a 100% equity interest in KICO, in consideration for the exchange of $3,750,000 principal amount of surplus notes of CMIC. In addition, the Company forgave all accrued and unpaid interest on the surplus notes as of the date of conversion. As of the date of acquisition, unpaid accrued interest on the surplus notes along with the accretion of the discount on the original purchase of the surplus notes totaled $2,921,319 (together “Untaxed Interest”). As of the date of acquisition, the deferred tax liability on the Untaxed Interest was $1,169,000. A temporary difference with an indefinite life exists when the parent has a lower carrying value of its subsidiary for income tax purposes. The deferred tax liability was reduced to $759,543 upon the reduction of federal income tax rates as of December 31, 2017. The Company is required to maintain its deferred tax liability of $759,543 related to this temporary difference until the stock of KICO is sold, or the assets of KICO are sold or KICO and the parent are merged.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">In assessing the valuation of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. No valuation allowance against deferred tax assets has been established, except for NOL limitations, as the Company believes it is more likely than not the deferred tax assets will be realized based on the historical taxable income of KICO, or by offset to deferred tax liabilities. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The Company had no material unrecognized tax benefit and no adjustments to liabilities or operations were required. There were no interest or penalties related to income taxes that have been accrued or recognized as of and for the six months ended June 30, 2020 and 2019. If any had been recognized these would have been reported in income tax expense. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Generally, taxing authorities may examine the Company’s tax returns for the three years from the date of filing.  The Company’s tax returns for the years ended December 31, 2016 through December 31, 2019 remain subject to examination.  The Company’s federal income tax return for the year ended December 31, 2016 has been examined by the Internal Revenue Service and was accepted as filed.  </p> <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> December 31, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Deferred tax asset: </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Net operating loss carryovers (1) </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">55,845</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,586,247</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Claims reserve discount </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">771,358</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">839,959</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Unearned premium </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,068,011</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,105,344</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Deferred ceding commission revenue </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,465,501</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,624,434</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Other </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">332,021</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">462,019</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total deferred tax assets </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">5,692,736</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">7,618,003</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Deferred tax liability: </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Investment in KICO (2) </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">759,543</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">759,543</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Deferred acquisition costs </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,099,692</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,333,219</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Intangible asset </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">105,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">105,000</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Depreciation and amortization </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">302,443</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">312,298</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Net unrealized gains of securities - available-for-sale </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,015,527</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">1,796,891</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total deferred tax liabilities </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">7,282,205</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">7,306,951</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Net deferred income tax (liability) asset </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">(1,589,469</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">311,052</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 55845 1586247 771358 839959 3068011 3105344 1465501 1624434 332021 462019 5692736 7618003 759543 759543 4099692 4333219 105000 105000 302443 312298 2015527 1796891 7282205 7306951 -1589469 311052 <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>December 31, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell"/><td> </td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Type of NOL </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Expiration</strong></p></td><td> </td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Federal only, current year </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">1,517,866</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:15%;"><p style="margin:0px 0px 0px 0in">(A)</p></td><td style="width:1%;"> </td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">State only (B) </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,805,591</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,616,568</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td><p style="MARGIN: 0px 0px 0px 0in; text-align:left;">December 31, 2040</p></td><td> </td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Valuation allowance </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(1,749,746</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(1,548,187</td><td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">State only, net of valuation allowance </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">55,845</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">68,381</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Total deferred tax asset from net operating loss carryovers </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">55,845</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">1,586,247</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td> </td></tr></tbody></table> 0 1517866 1805591 1616568 December 31, 2040 -1749746 -1548187 55845 68381 55845 1586247 26502000 24901000 100 3750000 2921319 1169000 759543 <p style="MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>Note 10 -Earnings/(Loss) Per Common Share</strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Basic net earnings/(loss) per common share is computed by dividing income/(loss) available to common shareholders by the weighted-average number of shares of Common Stock outstanding. Diluted earnings/(loss) per common share reflect, in periods in which they have a dilutive effect, the impact of common shares issuable upon exercise of stock options as well as non-vested restricted stock awards.  The computation of diluted earnings/(loss) per common share excludes those options with an exercise price in excess of the average market price of the Company’s Common Stock during the periods presented.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The computation of diluted earnings/(loss) per common share excludes outstanding options in periods where the exercise of such options would be anti-dilutive. For the six months ended June 30, 2020, no options were included in the computation of diluted earnings (loss) per common share as they would have been anti-dilutive for the relevant periods and, as a result, the weighted average number of shares of Common Stock used in the calculation of diluted earnings per common share has not been adjusted for the effect of such options. </p><p style="MARGIN: 0px; text-align:justify;">The reconciliation of the weighted average number of shares of Common Stock used in the calculation of basic and diluted earnings (loss) per common share follows:</p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> Three months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Weighted average number of shares outstanding </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,733,354</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,771,717</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,770,598</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,764,824</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Effect of dilutive securities, common share equivalents: </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Stock options </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,188</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Restricted stock awards </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">1,430</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">9,159</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Weighted average number of shares outstanding, </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">used for computing diluted earnings per share </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10,734,784</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10,785,064</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10,770,598</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10,764,824</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> Three months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> June 30, </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> 2019 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Weighted average number of shares outstanding </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,733,354</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,771,717</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,770,598</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,764,824</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Effect of dilutive securities, common share equivalents: </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Stock options </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,188</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Restricted stock awards </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">1,430</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">9,159</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Weighted average number of shares outstanding, </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">used for computing diluted earnings per share </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10,734,784</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10,785,064</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10,770,598</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10,764,824</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 10733354 10771717 10770598 10764824 4188 1430 9159 10734784 10785064 10770598 10764824 <p style="MARGIN: 0px; text-align:justify;"><strong>Note 11 - Commitments and Contingencies</strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Litigation</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">From time to time, the Company is involved in various legal proceedings in the ordinary course of business. For example, to the extent a claim is asserted by a third party in a lawsuit against one of the Company’s insureds covered by a particular policy, the Company may have a duty to defend the insured party against the claim. These claims may relate to bodily injury, property damage or other compensable injuries as set forth in the policy. Such proceedings are considered in estimating the liability for loss and LAE expenses. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">On June 12, 2019, Phillip Woolgar filed a suit naming the Company and certain present or former officers and directors as defendants in a putative class action captioned <em>Woolgar v. Kingstone Companies et al.</em>, 19 cv 05500 (S.D.N.Y.), asserting claims under Section 10(b) of the Exchange Act and SEC Rule 10b-5 promulgated thereunder and Section 20(a) of the Exchange Act.  Plaintiff seeks to represent a class of persons or entities that purchased Kingstone securities between March 14, 2018, and April 29, 2019, and alleges violations of the federal securities law in connection with the Company’s April 29, 2019 announcement regarding losses related to winter catastrophe events.  The lawsuit alleges that the Company failed to disclose that it did not adequately follow industry best practices related to claims handling and thus did not record sufficient claim reserves, and that as a result, Defendants’ positive statements about the Company’s business, operations and prospects misled investors. Plaintiff seeks, among other things, an undetermined amount of money damages.   The Company believes the lawsuit to be without merit. The Company has not established an accrual for this matter as a loss is not considered to be probable and reasonably estimable.  It is the opinion of management, after consulting legal counsel, that facts known at the present time do not indicate that such litigation will have a material adverse impact on the Company’s results of operations, financial position, or cash flows. On August 10, 2020, the court granted the Company’s motion to dismiss the amended complaint in the suit. The court has permitted plaintiff to amend the complaint to attempt to cure the deficiencies identified by the court in its opinion (to the extent plaintiff has a good faith basis to do so). The amended complaint, if any, would need to be filed by September 11, 2020.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Office Lease </span></p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;">The Company enters into lease agreements for real estate that is primarily used for office space in the ordinary course of business. These leases are accounted for as operating leases, whereby lease expense is recognized on a straight-line basis over the term of the lease.</p><p style="MARGIN: 0px; text-align:justify;">The Company is a party to a non-cancellable operating lease, dated March 27, 2015, for its office facility for KICO located in Valley Stream, New York expiring March 31, 2024.  </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">On July 8, 2019, the Company entered into a lease agreement for an additional office facility for Cosi located in Valley Stream, New York under a non-cancelable operating lease. The lease has a term of seven years and two months expiring December 31, 2026.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">In addition to the base rental costs, occupancy lease agreements generally provide for rent escalations resulting from increased assessments from real estate taxes and other charges. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Additional information regarding the Company’s office operating leases is as follows:</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Three months ended</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:left;"><strong>Lease cost</strong></p></td><td style="BORDER-BOTTOM: #000000 1px solid;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> June 30, 2020 </strong></p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="BORDER-BOTTOM: #000000 1px solid;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> June 30, 2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Operating leases </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:12%;vertical-align:bottom;text-align:right;">61,297</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:12%;vertical-align:bottom;text-align:right;">122,594</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Short-term leases </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Total lease cost (1) </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">61,297</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">122,594</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Other information on operating leases</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Cash payments included in the measurement of lease</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">liability reported in operating cash flows</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="vertical-align:bottom;text-align:right;">62,782</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="vertical-align:bottom;text-align:right;">127,063</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Discount rate</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5.50</td><td style="vertical-align:bottom;white-space: nowrap;">%</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5.50</td><td style="vertical-align:bottom;white-space: nowrap;">%</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Remaining lease term in years</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">5 years</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">5 years</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;font-variant:normal;font-weight:normal;font-style:normal;text-align:left;line-height:normal;width:100%"><tbody><tr style="height:15px"><td style="width:4%;"><p style="margin:0px"> </p></td><td style="width:4%;vertical-align:top;"><p style="margin:0px">(1) </p></td><td style="vertical-align:top;">Included in the condensed consolidated statements of operations and comprehensive income within other underwriting expenses for KICO and within other operating expenses for Cosi. </td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;">The following table presents the contractual maturities of the Company’s lease liabilities as of June 30, 2020:</p><p style="MARGIN: 0px; text-align:justify;">   </p><p style="margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td style="vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>For the Year </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> Ending </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> December 31, </strong></p></td><td style="BORDER-BOTTOM: #000000 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> Total </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Remainder of 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">128,561</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">2021</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">264,571</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">2022</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">273,831</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">2023</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">283,415</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">2024</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">140,739</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"> Thereafter </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">192,916</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:10pt"> Total undiscounted lease payments </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,284,033</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"> Less:  present value adjustment </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">190,041</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:10pt"> Operating lease liability </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,093,992</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;">Rent expense for the three months ended June 30, 2020 and 2019 amounted to $61,297 and $41,342, respectively.  Rent expense for the six months ended June 30, 2020 and 2019 totaled $122,594 and $82,684, respectively.  Rent expense is included in the accompanying condensed consolidated statements of operations and comprehensive income within other underwriting expenses.</p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Employment Agreements</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><em>Barry Goldstein, President, Chief Executive Officer and Executive Chairman of the Board</em></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">On October 14, 2019, the Company and Barry B. Goldstein, the Company’s President, Chief Executive Officer and Executive Chairman of the Board, entered into a Second Amended and Restated Employment Agreement (the “Amended Employment Agreement”).  The Amended Employment Agreement is effective as of January 1, 2020 and expires on December 31, 2022.  The Amended Employment Agreement extends the expiration date of the employment agreement in effect for Mr. Goldstein from December 31, 2021 to December 31, 2022.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Pursuant to the Amended Employment Agreement, Mr. Goldstein is entitled to receive an annual base salary of $500,000 and an annual bonus equal to 6% of the Company’s consolidated income from operations before taxes, exclusive of the Company’s consolidated net investment income (loss), net unrealized gains (losses) on equity securities and net realized gains (losses) on investments, up to a maximum of 2.5 times his base salary.  In addition, pursuant to the Amended Employment Agreement, Mr. Goldstein is entitled to receive a long-term compensation (“LTC”) award of between $945,000 and $2,835,000 based on a specified minimum increase in the Company’s adjusted book value per share (as defined in the Amended Employment Agreement) as of December 31, 2022 as compared to December 31, 2019 (with the maximum LTC payment being due if the average per annum increase is at least 14%).  Further, pursuant to the Amended Employment Agreement, in the event that Mr. Goldstein’s employment is terminated by the Company without cause or he resigns for good reason (each as defined in the Amended Employment Agreement), Mr. Goldstein would be entitled to receive his base salary, the 6% bonus and the LTC payment for the remainder of the term.  <span style="background:white">In addition, in the event of Mr. Goldstein’s death, his estate would be entitled to receive his base salary, accrued bonus and accrued LTC payment through the date of death.  Further, in the event that Mr. Goldstein’s employment is terminated by the Company without cause or he resigns for good reason, or, in the event of the termination of Mr. Goldstein’s employment due to disability or death, Mr. Goldstein’s granted but unvested restricted stock awards will vest.</span>  Mr. Goldstein would be entitled, under certain circumstances, to a payment equal to 3.82 times his then annual salary, the target LTC payment of $1,890,000 and his accrued 6% bonus in the event of the termination of his employment within eighteen months following a change of control of the Company.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Pursuant to the Amended Employment Agreement, in January 2020, Mr. Goldstein received a grant of 157,431 shares of restricted stock, under the terms of the Company’s 2014 Plan determined by dividing $1,250,000 by the fair market value of the Company’s Common Stock on the date of grant. This 2020 grant will become vested with respect to one-third of the award on each of the first and second anniversaries of the grant date and on December 31, 2022 based on the continued provision of services through the applicable vesting date.  Also pursuant to the Amended Employment Agreement, Mr. Goldstein will be entitled to receive a grant, under the terms of the 2014 Plan, during January 2021, of a number of shares of restricted stock determined by dividing $1,500,000 by the fair market value of the Company’s Common Stock on the date of grant.  The January 2021 grant will become vested with respect to one-half of the award on each of the first anniversary of the grant date and on December 31, 2022 based on the continued provision of services through the applicable vesting date.  Further, pursuant to the Amended Employment Agreement, Mr. Goldstein is entitled to receive a grant, under the terms of the 2014 Plan, during each of 2020, 2021 and 2022, of a number of shares of restricted stock determined by dividing $136,500 by the fair market value of the Company’s Common Stock on the date of grant. In January 2020, Mr. Goldstein was granted 17,191 shares of restricted stock pursuant to this provision. This grant will become vested with respect to one-third of the award on each of the first and second anniversaries of the grant date and on December 31, 2022 based on the continued provision of services through the applicable vesting date.  The 2021 grant will become vested with respect to one-half of the award on each of the first anniversary of the grant date and on December 31, 2022 based on the continued provision of services through the applicable vesting date.  The 2022 grant will become vested on December 31, 2022 based on the continued provision of services through such date.</p><p style="MARGIN: 0px; text-align:justify;"><em>Dale A. Thatcher</em></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Effective July 19, 2019 (the “Separation Date”), Dale A. Thatcher retired and resigned his positions as Chief Executive Officer and President of the Company and KICO. At such time, he also resigned his positions on the Board of Directors of each of the Company and KICO.  Effective upon Mr. Thatcher’s separation from employment, the Board appointed Barry B. Goldstein, former Chief Executive Officer and Executive Chairman of the Board of Directors, to the position of Chief Executive Officer and President of each of the Company and KICO. Mr. Goldstein previously served as Chief Executive Officer and President of the Company from March 2001 through December 31, 2018, and as Chief Executive Officer and President of KICO from January 2012 through December 31, 2018.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">In connection with his separation from employment, each of the Company and KICO entered into an Agreement and General Release (the “Separation Agreement”) with Mr. Thatcher.  Pursuant to the Separation Agreement, the Company and KICO shall collectively provide the following payments and benefits to Mr. Thatcher in full satisfaction of all payments and benefits and other amounts due to him under the terms of the existing employment agreements upon his separation from employment: (i) $381,111 (representing the amount of base salary he would have received had he remained employed through March 31, 2020), (ii) $5,000 in full satisfaction for any bonus payments payable under the existing employment agreements, (iii) continuing group health coverage commencing on the Separation Date and ending on March 31, 2020, and (iv) continued vesting of all stock awards previously granted to Mr. Thatcher in his capacity as an executive officer but which were unvested as of the Separation Date (Mr. Thatcher shall not be entitled to any further grants of stock awards after the Separation Date) .  In addition, the Company and KICO agreed to provide Mr. Thatcher with a severance payment of $20,000 in consideration for a release.  Pursuant to the Separation Agreement, Mr. Thatcher agreed that, for a period of three years following the Separation Date, he shall not accept any operating executive role with another property and casualty insurance company.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><em>Meryl Golden, Chief Operating Officer</em></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">On September 16, 2019, the Company and Meryl Golden entered into an employment agreement (the “Golden Employment Agreement”) pursuant to which Ms. Golden serves as the Company’s Chief Operating Officer. Ms. Golden also serves as KICO’s Chief Operating Officer. The Golden Employment Agreement became effective as of September 25, 2019 and expires on December 31, 2021.</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Pursuant to the Golden Employment Agreement, Ms. Golden is entitled to receive an annual salary of $500,000 and was granted a five year option for the purchase of 50,000 shares of the Company’s Common Stock pursuant to the 2014 Plan. The options granted will vest in three equal installments, with the first installment vesting on the grant date, and the remaining installments vesting on the first and second anniversaries following the grant date, subject to the terms of the stock option agreement between the Company and Ms. Golden.</p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">COVID-19</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The recent outbreak of the coronavirus, also known as "COVID-19", has spread across the globe and is impacting worldwide economic activity. Conditions surrounding the coronavirus continue to rapidly evolve and government authorities have implemented emergency measures to mitigate the spread of the virus. The outbreak and the related mitigation measures have had and will continue to have a material adverse impact on global economic conditions as well as on the Company's business activities. The extent to which COVID-19 may impact the Company's business activities will depend on future developments, such as the ultimate geographic spread of the disease, the duration of the outbreak, travel restrictions, business disruptions, and the effectiveness of actions taken in the United States and other countries to contain and treat the disease. These events are highly uncertain and, as such, the Company cannot determine their financial impact at this time.  No adjustments have been made to the amounts reported in these condensed consolidated financial statements as a result of this matter.</p> <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong>Three months ended</strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> Six months ended </strong></p></td><td style="white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px; text-align:left;"><strong>Lease cost</strong></p></td><td style="BORDER-BOTTOM: #000000 1px solid;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> June 30, 2020 </strong></p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td style="BORDER-BOTTOM: #000000 1px solid;white-space: nowrap;"><p style="MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px; text-align:center;"><strong> June 30, 2020 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Operating leases </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:12%;vertical-align:bottom;text-align:right;">61,297</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:12%;vertical-align:bottom;text-align:right;">122,594</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Short-term leases </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">Total lease cost (1) </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">61,297</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">122,594</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"><strong>Other information on operating leases</strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Cash payments included in the measurement of lease</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:9pt">liability reported in operating cash flows</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="vertical-align:bottom;text-align:right;">62,782</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="vertical-align:bottom;text-align:right;">127,063</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Discount rate</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5.50</td><td style="vertical-align:bottom;white-space: nowrap;">%</td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">5.50</td><td style="vertical-align:bottom;white-space: nowrap;">%</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Remaining lease term in years</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">5 years</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td colspan="2"><p style="MARGIN: 0px 0px 0px 0in; text-align:right;">5 years</p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 61297 122594 0 0 61297 122594 62782 127063 0.0550 0.0550 P5Y P5Y <table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td style="vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>For the Year </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> Ending </strong></p></td><td style="white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;"/><td style="white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> December 31, </strong></p></td><td style="BORDER-BOTTOM: #000000 1px solid;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="MARGIN: 0px 0px 0px 0in; text-align:center;"><strong> Total </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">Remainder of 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">128,561</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">2021</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">264,571</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">2022</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">273,831</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">2023</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">283,415</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in">2024</p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">140,739</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"> Thereafter </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">192,916</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:10pt"> Total undiscounted lease payments </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,284,033</td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in"> Less:  present value adjustment </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">190,041</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="margin:0px 0px 0px 0in;text-indent:10pt"> Operating lease liability </p></td><td style="width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,093,992</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="margin:0px"> </p></td></tr></tbody></table> 128561 264571 273831 283415 140739 192916 1284033 190041 1093992 61297 41342 122594 82684 500000 annual bonus equal to 6% of the Company’s consolidated income from operations before taxes, exclusive of the Company’s consolidated net investment income (loss), net unrealized gains (losses) on equity securities and net realized gains (losses) on investments, up to a maximum of 2.5 times his base salary Amended Employment Agreement, Mr. Goldstein is entitled to receive a long-term compensation (“LTC”) award of between $945,000 and $2,835,000 based on a specified minimum increase in the Company’s adjusted book value per share Mr. Goldstein would be entitled, under certain circumstances, to a payment equal to 3.82 times his then annual salary, the target LTC payment of $1,890,000 and his accrued 6% bonus in the event of the termination of his employment within eighteen months following a change of control of the Company 157431 1250000 1500000 136500 17191 (i) $381,111 (representing the amount of base salary he would have received had he remained employed through March 31, 2020), (ii) $5,000 in full satisfaction for any bonus payments payable under the existing employment agreements, (iii) continuing group health coverage commencing on the Separation Date and ending on March 31, 2020, and (iv) continued vesting of all stock awards previously granted to Mr. Thatcher in his capacity as an executive officer but which were unvested as of the Separation Date (Mr. Thatcher shall not be entitled to any further grants of stock awards after the Separation Date) 20000 500000 50000 <p style="MARGIN: 0px; text-align:justify;"><strong>Note 12 - Deferred Compensation Plan</strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">On June 18, 2018, the Company adopted the Kingstone Companies, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan"). The Deferred Compensation Plan is offered to a select group (“Participants”), consisting of management and highly compensated employees as a method of recognizing and retaining such Participants. The Deferred Compensation Plan provides for eligible Participants to elect to defer up to 75% of their base compensation and up to 100% of bonuses and other compensation and to have such deferred amounts deemed to be invested in specified investment options. In addition to the Participant deferrals, the Company may choose to make matching contributions to some or all of the Participants in the Deferred Compensation Plan to the extent the Participant did not receive the maximum matching or non-elective contributions permissible under the Company’s 401(k) Plan due to limitations under the Internal Revenue Code or the 401(k) Plan. Participants may elect to receive payment of their account balances in a single cash payment or in annual installments for a period of up to ten years. The deferred compensation liability as of June 30, 2020 and December 31, 2019 amounted to $559,917 and $599,274, respectively, and is recorded in accounts payable, accrued expenses and other liabilities in the accompanying condensed consolidated balance sheets.  The Company did not make any voluntary contributions for the six months ended June 30, 2020 and 2019. </p> 75 100 559917 599274 <p style="MARGIN: 0px; text-align:justify;"><strong>Note 13 - Subsequent Events</strong></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">The Company has evaluated events that occurred subsequent to June 30, 2020 through the date these condensed consolidated financial statements were issued for matters that required disclosure or adjustment in these condensed consolidated financial statements. </p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Reinsurance</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">Effective July 1, 2020, the Company entered into new excess of loss and catastrophe reinsurance treaties (see Note 6 – Property and Casualty Insurance Activity “Reinsurance”).</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">A. M. Best</span></p><p style="MARGIN: 0px; text-align:justify;">     </p><p style="MARGIN: 0px; text-align:justify;">On July 10, 2020, KICO’s A.M. Best financial strength rating was downgraded from A- (Excellent) to B++ (Good) and its  long-term issuer credit rating (“Long-Term ICR”) was downgraded from “a-” to “bbb”.  Concurrently, A.M. Best also downgraded the Company’s Long-Term ICR from “bbb-” to “bb”.  Also downgraded was the long-term issue credit rating on the Company’s $30.0 million 5.50% senior unsecured notes due 2022 from “bbb-” to “bb”. </p><p style="margin:0px"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Executive Employment</span></p><p style="MARGIN: 0px; text-align:justify;">     </p><p style="MARGIN: 0px; text-align:justify;">On July 20, 2020, the Company and Victor J. Brodsky, Chief Financial Officer and Treasurer of the Company and Chief Financial Officer, Executive Vice President and a director of KICO, agreed that Mr. Brodsky’s employment with the Company and KICO will cease on September 30, 2020.  Mr. Brodsky’s cessation of employment was a voluntary decision made by him to pursue other interests.  The Company, KICO and Mr. Brodsky also agreed that Mr. Brodsky will serve as a consultant to the Company and KICO for the period from October 1, 2020 through March 31, 2021.</p><p style="margin:0px"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Tropical Storm Isaias</span></p><p style="MARGIN: 0px; text-align:justify;">       </p><p style="MARGIN: 0px; text-align:justify;">On August 4, 2020, the Northeast, which is the primary location of KICO’s insureds, was struck by Tropical Storm Isaias which caused power outages and significant damage to homes. KICO has received more than 1,100 claims relating to the storm. The Company is unable to determine the aggregate dollar amount of the claims at this time but the claims will in all likelihood have a material adverse effect upon the 2020 third quarter results of operations. </p><p style="MARGIN: 0px; text-align:justify;">  </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Dividends Declared</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">On August 5, 2020, the Company’s Board of Directors approved a quarterly dividend of $0.04 per share payable in cash on September 15, 2020 to stockholders of record as of the close of business on August 31, 2020 (see Note 8 - Stockholders’ Equity).</p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Equity Participation Plan</span></p><p style="MARGIN: 0px; text-align:justify;"> </p><p style="MARGIN: 0px; text-align:justify;">On August 5, 2020, the Company’s stockholders approved amendments to the 2014 Plan, including an increase in the maximum shares of Common Stock of the Company that are authorized to be used pursuant to the 2014 Plan to 1,400,000.</p> 30000000.0 0.0550 the primary location of KICO’s insureds, was struck by Tropical Storm Isaias which caused power outages and significant damage to homes. KICO has received more than 1,100 claims relating to the storm. The Company is unable to determine the aggregate dollar amount of the claims at this time but the claims will in all likelihood have a material adverse effect upon the 2020 third quarter results of operations. 0.04