| Year |
Incurred losses |
| 2008 |
$42,531,094 |
| 2009 |
36,903,733 |
| 2010 |
39,497,587 |
| 2011 |
50,709,943 |
| 2012 |
41,107,253 |
(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.
Source: SNL Financial LC. |