Exhibit 99.1
Financial Statement Schedules of the Trust
Schedule Number Description
- ---------------- ------------
I Summary of Investments - Other than
Investments in Related Parties
II Condensed Financial Information of
Registrant
III Supplementary Insurance Information
IV Reinsurance
V Valuation and Qualifying Accounts
VI Supplemental Information Concerning
Property - Casualty Insurance Operations
DELTA AGRICULTURAL AND INDUSTRIAL TRUST
SCHEDULE I - SUMMARY OF INVESTMENTS -
OTHER THAN INVESTMENTS IN RELATED PARTIES
DECEMBER 31, 1996 AND 1995
1996
Balance
Sheet
Type of Investment Cost Value Amount
- -------------------------------------------------------------------------
Fixed maturities:
Bonds:
United States
Government and
government agencies
and authorities $98,966 $98,022 $98,966
States, municipalities
and political
subdivisions 626,574 619,364 619,364
Certificates of deposit 948,084 946,058 946,058
--------- --------- ---------
Total fixed maturities 1,673,624 1,663,444 1,664,388
--------- --------- ---------
Equity securities:
Common stocks:
Industrial,
miscellaneous and
all other 1,696,944 1,696,944 1,696,944
--------- --------- ---------
Total investments $3,370,568 $3,360,388 $3,361,332
========= ========= =========
1995
Fixed maturities:
Bonds:
United States
Government and
government agencies
and authorities $94,829 $93,071 $94,829
States, municipalities
and political
subdivisions 178,420 178,676 178,420
Certificates of deposit 1,973,896 1,975,106 1,973,896
--------- --------- ---------
Total fixed maturities 2,247,145 2,246,853 2,247,145
--------- --------- ---------
Equity securities
Common stocks:
Industrial,
miscellaneous and
all other 2,580,183 2,469,692 2,469,692
--------- --------- ---------
Total investments $4,827,328 $4,716,545 $4,716,837
========= ========= =========
DELTA AGRICULTURAL AND INDUSTRIAL TRUST
SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT
DECEMBER 31, 1996 AND 1995
Schedule II is not applicable. The registrant has no
subsidiaries.
DELTA AGRICULTURAL AND INDUSTRIAL TRUST
SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION
DECEMBER 31, 1996 AND 1995
Future Other
Deferred Policy Policy
Policy Benefits, Claims and
Acquisition Claims and Unearned Benefits
Segment Costs Loss Exp. Claims Payable
- ------------------------------------------------------------
1996
See Note $0 $0 $0 $2,173,234
1995
See Note $0 $0 $1,466,279 $3,005,414
Benefits, Amorti-
Claims, zation of
Net loss and Deferred
Invest- Settle- Policy Other
Premium ment ment Acq. Operating Premiums
Revenue Income Expenses Costs Expenses Written
- -----------------------------------------------------------------------------------
$2,077,351 $297,076 $1,305,774 $0 $479,507 $2,077,351
$5,659,925 $328,027 $3,411,027 $0 $469,082 $5,659,925
DELTA AGRICULTURAL AND INDUSTRIAL TRUST
SCHEDULE IV - REINSURANCE
DECEMBER 31, 1996 AND 1995
Schedule IV is not applicable. There was no reinsurance ceded or
assumed in 1996 or 1995.
Delta Agricultural and Industrial Trust
Schedule V - Valuation and Qualifying Accounts
December 31, 1996 and 1995
Additions
---------------------
Balance Charged Charged Balance
Beginning to Costs to Other End of
Description Period & Expense Accounts Deductions Period
- --------------------------------------------------------------------------
Allowance
deducted from
asset to which
it applies:
Allowance for
doubtful
accounts:
Year ended
December
31, 1995
(Note A) $97,332 - - $80,555 $16,777
Year ended
December
31, 1996
(Note A) 16,777 - - 16,777 0
Allowance
for Unrealized
losses on securities
available-for-sale
Year ended
December
31, 1995
(Note C) 158,987 - - 48,496 110,491
Year ended
December
31, 1996
(Note B) 110,491 - - 101,255 9,236
Note A - Uncollected receivables written off net of recoveries.
Note B - Loss recognized on securities sold or reclassified as
"Trading Securities".
Note C - Loss recognized on securities sold and write-up of
marketable securities previously written down.
DELTA AGRICULTURAL AND INDUSTRIAL TRUST
SCHEDULE VI - SUPPLEMENTAL INFORMATION
CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS
DECEMBER 31, 1996 AND 1995
Deferred Reserve for
Affiliation Policy Unpaid Claims Net
with Acquisition and Claim Unearned Earned Investment
Registrant Costs Adj. Expense Discount Premiums Premiums Income
- --------------------------------------------------------------------------------------------------------------
1996
Registrant $0 $2,173,234 $237,894 $0 $2,077,351 $297,076
1995
Registrant $0 $3,005,414 $251,104 $1,466,279 $5,659,925 $328,027
Claims and Claim
Adjustment Expenses
Incurred Related to Amortization Paid Claims
---------------------- of Deferred and Claim
Current Prior Policy Acq. Adjustment Premium
Year Years Costs Expenses Written
- --------------------------------------------------------------------------------------------------------------
1996
Registrant $959,032 ($42,440) $0 $1,748,772 $2,077,351
1995
Registrant $2,558,087 ($109,365) $0 $2,456,050 $5,659,925