Tue, May 14, 6:04 PM (306 days ago)
Texas Republic Capital Corporation (TRCC) reported a net loss of $63,716 for Q1 2024, significantly improving from a net loss of $588,340 in Q1 2023. Total revenues increased to $1,536,341, driven by higher premiums and commission income. Investment income remained stable. Total expenses decreased by $266,254, primarily due to lower policyholder benefits and claims, and a reduction in salaries and employee benefits. Shareholders' equity increased to $10,302,435, bolstered by new capital raised. Total assets decreased slightly to $41,960,931, with investments and cash and cash equivalents showing notable changes. The company continues to focus on expanding its life insurance business while managing costs effectively.