14—Statutory Net Income, Capital and Surplus and Dividend Restrictions

The following table presents selected information, as filed with state insurance regulatory authorities, for our insurance subsidiaries as determined in accordance with accounting practices prescribed or permitted by such insurance regulatory authorities:


	2018			2017			2016
Atlantic States:
Statutory capital and surplus	$	194,386,473		$	223,170,835		$	227,907,377
Statutory unassigned surplus		131,803,666			161,760,924			167,872,138
Statutory net (loss) income		(22,039,704	)		(312,221	)		15,750,876
Southern:
Statutory capital and surplus		45,355,785			54,503,581			63,331,001
Statutory unassigned (deficit) surplus		(6,346,270	)		2,914,532			11,881,309
Statutory net (loss) income		(9,822,457	)		(3,375,434	)		1,774,299
Le Mars:
Statutory capital and surplus		19,593,938			23,434,801			25,543,803
Statutory unassigned surplus		6,462,783			10,394,533			12,614,756
Statutory net (loss) income		(3,281,643	)		(1,679,335	)		603,226
Peninsula:
Statutory capital and surplus		32,717,996			39,396,818			41,977,034
Statutory unassigned surplus		14,415,949			21,148,253			23,826,681
Statutory net (loss) income		(6,316,130	)		(841,119	)		966,391
Sheboygan:
Statutory capital and surplus		16,755,902			13,823,118			13,129,143
Statutory unassigned surplus		2,446,669			554,498			914,773
Statutory net income (loss)		1,862,831			(46,116	)		644,344
MICO:
Statutory capital and surplus		55,708,442			52,796,379			49,863,705
Statutory unassigned surplus		28,949,919			26,162,540			23,380,942
Statutory net income		6,350,686			7,931,774			7,187,213

Our principal source of cash for payment of dividends is dividends from our insurance subsidiaries. State insurance laws require our insurance subsidiaries to maintain certain minimum capital and surplus amounts on a statutory basis. Our insurance subsidiaries are subject to regulations that restrict the payment of dividends from statutory surplus and may require prior approval of their domiciliary insurance regulatory authorities. Our insurance subsidiaries are also subject to risk-based capital (“RBC”) requirements that may further impact their ability to pay dividends. Our insurance subsidiaries’ statutory capital and surplus at December 31, 2018 exceeded the amount of statutory capital and surplus necessary to satisfy regulatory requirements, including the RBC requirements, by a significant margin. Amounts available for distribution to us as dividends from our insurance subsidiaries without prior approval of insurance regulatory authorities in 2019 are $19.4 million from Atlantic States, $4.5 million from Southern, $2.0 million from Le Mars, $1.7 million from Peninsula, $1.7 million from Sheboygan and $5.6 million from MICO, or a total of approximately $34.9 million.