2007 ANNUAL REPORT

Central Mutual & All America Insurance Companies
December 31, 2007


ASSETS

CENTRAL MUTUAL
ALL AMERICA
Cash & Short-Term Investments$12,350,336$1,522,579
U.S. Government Bonds$10,763,112$3,401,740
U.S. Agency & Agency Backed Bonds$2,513,881$1,000,000
State, County, Municipal, Special Revenue Bonds$654,854,867$163,298,592
Public Utility Bonds$0$0
Industrial and Miscellaneous Bonds$33,636,313$9,738,487
Subsidiaries and Affiliates$101,623,299$0
Common & Preferred Stocks$148,159,908$5,101
Real Estate - Home Office$55,825,109$0
Interest & Dividends Due and Accrued$13,230,308$2,628,163
Accounts Receivable$157,861,357$30,068,830
Other Assets$48,652,230$21,109,604
Total Admitted Assets$1,239,470,720$232,773,096

LIABILITIES & POLICYHOLDERS' SECURITY FUND

Losses & Loss Adjusting Expenses$399,349,527$76,066,579
Unearned Premiums$241,434,937$45,987,607
Commissions Payable & Contingent Commissions$14,195,998$2,704,000
Ceded Reinsurance Premiums Payable$5,994,077$1,141,729
Taxes and Other Expenses$44,015,045$7,816,552
Dividends to Policyholders$887,946$169,132
Capital Stock and Contributed Surplus0                     $6,552,000                     
Unassigned Funds (Policyholders' Security Fund)$533,593,190                      $92,335,497                     
Policyholders' Security Fund$533,593,190$98,887,497
Total Liabilities & Policyholders' Security Fund$1,239,470,720$232,773,096

TANGIBLE ASSETS

Central Mutual Insurance Company   —   $1,239,470,720
All America Insurance Company   —   $232,773,096
A.M. Best Rating: A+ (Superior)
 

This information is not intended to supersede, or be as comprehensive as, the statutory annual statement filed for each company with the appropriate state insurance departments. Complete copies of the statutory financial statements have been filed with the appropriate state insurance departments and are also on file at the Home Office of Central in Van Wert, Ohio.

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