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Re: vpagano post# 312

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

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

Post# of 467
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.

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