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Enterprising Investor

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Re: vpagano post# 312

Thursday, 04/04/2019 12:08:54 AM

Thursday, April 04, 2019 12:08:54 AM

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It’s complicated.

AIC had $2.5 million in surplus at 9/30/18. Despite being in runoff for years, surplus has varied over the past several years.

AICIQ invested $20 million in AIC via the surplus note. Once these settlements are completed, cash will flow to the parent to pay down the surplus notes and used to pay creditors.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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