Schedule of Reserve for Losses and Loss Expense (Tables)

12 Months Ended

May 31, 2014

Schedule Of Reserve For Losses And Loss Expense Tables

Schedule of Reserve for Losses and Loss Expense

At May 31, 2014 and May 31, 2013, the reserve for losses and loss expenses consisted of:

	2014			2013
Balance at beginning of year	$	1,207,903		$	1,026,489
Incurred policy losses-current year		161,181			181,414
Paid policy losses – current year		(83,066	)		—
Balance at end of year	$	1,286,018		$	1,207,903