| 2024 | 2023 | |
| Premiums earned | 88,836,254 | 76,563,575 |
| Loss and loss adjustment | 49,822,922 | 39,592,098 |
| Underwriting expense | 35,060,569 | 29,806,437 |
| Net underwriting gain (loss) | 3,952,763 | 7,165,039 |
| Net investment income | 8,009,559 | 6,580,080 |
| Net realized capital gains (losses) less tax | 1,832,720 | 3,350,333 |
| Net investment gain (loss) |
9,842,279 | 9,930,413 |
| Other income | 469,463 | 477,796 |
| Net income before federal income tax | 14,264,505 | 17,573,248 |
| Less: federal income tax | 3,411,815 | 3,736,353 |
| Net income | 10,852,690 | 13,836,895 |
| Combined ratio | 90.8% | 87.7% |
| Direct and assumed written premium | 117,386,031 | 94,550,609 |
| 2024 | 2023 | |
| Cash and short-term investments | 20,430,369 | 8,736,632 |
| Bonds | 226,404,849 | 210,686,818 |
| Stocks | 39,035,607 | 35,018,238 |
| Real estate | 1,266,754 | 1,186,256 |
| Premiums in the course of collection | 16,243,609 | 13,294,329 |
| Interest due and accrued | 1,636,537 | 1,557,127 |
| All other assets | 30,939,092 | 27,918,327 |
| Total admitted assets | 335,956,817 | 298,397,727 |
| Liabilities | ||
| Unearned premium | 60,917,639 | 48,884,854 |
| Reserve for losses | 27,297,377 | 20,864,974 |
| Reserve for loss adjustment expense | 5,708,924 | 5,092,105 |
| All other liabilities | 15,347,018 | 12,565,455 |
| Total liabilities | 109,270,958 | 87,407,389 |
| Surplus accounts | ||
| Special contingent surplus | 900,000 | 900,000 |
| Unassigned surplus | 225,785,859 | 210,090,338 |
| Policyholders surplus | 226,685,859 | 210,990,338 |
| Total liability and surplus | 335,956,817 | 298,397,727 |
The results are Sterling Insurance Company and Sterling Insurance Cooperative, Inc. combined