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A member of the United Heritage Financial Group
2017
United Heritage Property & Casualty Company
United Heritage Property & Casualty Company and its predecessors, Canyon County Farmers Mutual and Idaho Mutual Insurance Company, began
operations on April 20, 1908. The first board meeting was held in a packing house near Roswell, Idaho. By
the second meeting, the Company had built its surplus to $21.92.
United Heritage Property & Casualty Company offers a wide range of policies including auto, home,
farm, small business coverage, and personal umbrella coverage. We serve policyholders in Arizona,
Idaho, Oregon, and Utah.
We invite you to look at our web site at unitedheritagepc.com for the latest
product offerings.
• Arizona
• Idaho
• Oregon
• Utah
• Washington (Certificate of authority)
Company Headquarters
LICENSED STATES
OFFICERS
BOARD OF DIRECTORSOUR COMPANY
NANCY K. NAPIER, PHD | CHAIRMAN OF THE BOARD | BOISE, ID
JOSEPH P. SHIRTS, CPA | VICE CHAIRMAN OF THE BOARD | EAGLE, ID
MICKEY L. WARE, CPCU | PRESIDENT & CEO | MERIDIAN, ID
LINDA PAYNE SMITH | DIRECTOR | BOISE, ID
RICH L. STUPPY | DIRECTOR | BOISE, ID
ROBERT J. MCCARVEL | DIRECTOR | MERIDIAN, ID
MARJORIE A. HOPKINS | DIRECTOR | NAMPA, ID
MARJORIE A. HOPKINS | EXECUTIVE VICE PRESIDENT
DEBRA K. ETCHESON-FRISBY | VICE PRESIDENT, MARKETING
ROBIN J. ROBERTSON | VICE PRESIDENT, OPERATIONS & CORP. SEC.
STEVE A. BROWNING | VICE PRESIDENT, CLAIMS
JACK J. WINDERL | VICE PRESIDENT, INVESTMENTS/TREASURER
DEAN D. SANDROS | VICE PRESIDENT, INVESTMENTS/ASST. TREASURER
TODD H. GILL | VICE PRESIDENT, CHIEF FINANCIAL OFFICER
STEPHEN G. HANEY | VICE PRESIDENT, CHIEF TECHNOLOGY OFFICER
JEFFREY D. NEUMEYER | VICE PRESIDENT, GENERAL COUNSEL
STEFANIE A. THIEL | VICE PRESIDENT, HUMAN RESOURCES
SERVING THE PEOPLE SINCE 1908
unitedheritagepc.com | Like Us On Facebook707 E. United Heritage Court | PO Box 5555
Meridian, ID 83680-55551.800.877.8862 | 1.208.493.6200 |
ANNUAL REVIEWANNUAL REVIEW
NEW UHPC MOBILE APPTAKE UNITED HERITAGE WITH YOU ON YOUR MOBILE DEVICE.
INSURANCE PROTECTION IN YOUR POCKET. DOWNLOAD IT NOW:
DIRECT WRITTEN PREMIUM 2013-2017
2013 2014 2015 2016 2017
2017 FINANCIALS
BUSINESS MIX
2017 was a challenging year for United Heritage Property & Casualty Company. The January through March “snowmageddon/snowpocalypse” that hit the northwest, in particular Idaho and Oregon where we do business, was devastating on several levels. First, many of our policyholders
suffered losses from collapse, ice dams, and freezing. Record accumulations of snow and low temperatures made for the perfect storms in terms of wreaking havoc on our clients. Secondly, adjusters and contractors were hard to find because of the massive amounts of claims all insurance companies were experiencing. In addition, the snow accumulations made it very difficult to inspect many of the losses until the thaw in April. Finally, part of the losses we incurred were covered by our reinsurer, and we appreciate this partnership.
Despite the challenging year, there were positives to take away from 2017. Premium growth exceeded projections, increasing by 11.3% to just over $38 million of direct written premium. Also, expenses remained relatively stable and investment returns were strong. Finally, we achieved three successive quarters of positive net income, following the first quarter snow storms, allowing us to finish the year with a net loss of ($812,965).
With the help of our dedicated independent agents, we strive to serve communities in Arizona, Idaho, Oregon, and Utah by offering affordable individual homeowners, farmowners, and automobile insurance products. Our professional insurance staff, management, and board of directors thank our customers and agents for continuing to support United Heritage Property & Casualty Company.
Mick Ware President & CEO
United Heritage Property & Casualty Company
December 31, 2017HOMEOWNER 49.34 %
AUTO 20.17 %
HOME & FAMILY 15.65 %
FARMOWNER 4.98 %
MESSAGE FROM THE PRESIDENT & CEO
TENANT, CONDO, LIP 4.70 %
MANUFACTURED 3.44 %
BUSINESS 1.46 %
UMBRELLA .24 %
32,0
91,5
66
15,8
60, 4
15
34,1
71,6
89
17,0
22,2
37
38,0
49,6
43
15,5
81,1
06
31,0
15,4
20
15,8
76,0
25
29,8
18,5
45
13,8
64,0
90
POLICY HOLDER SURPLUS 2013-2017
Assets 2017 2016
Bonds $34,057,667 $34,769,348
Preferred Stock 312,279 217,340
Common Stock 996,618 268,911
Mortgage Loans 0 0
Cash 822,168 240,111
Uncollected Premiums 1,972,502 1,736,331
Deferred Premiums 2,912,671 2,462,705
Reinsurance Recoverable 612,714 1,287,975
Interest & Dividend Income Accrued 315,807 344,533
Federal Income Tax Recoverable 187,900 415,807
Net Deferred Tax Asset 923,809 1,027,418
All Other Assets 102,594 92,644
Total Assets $43,216,730 $42,863,122
Liabilities & Surplus 2017 2016
Loss & Loss Adjusting Expense Reserves 7,709,352 7,230,685
Unearned Premiums 16,480,697 15,179,171
All Other Liabilities 3,445,576 3,431,030
Total Liabilities $27,635,625 $25,840,885
Policyholder Surplus 15,581,106 17,022,237
Total Liabilities & Surplus $43,216,731 $42,863,122