AICIQ filed its last Monthly Operating Report on 8/10/10.
It covered the period ending 7/31/10.
At the time, AICIQ had $1.7 million in assets. The main assets were investments in AIC made up of $20 million in Surplus Notes, which was fully reserved, and $1.58 million in the equity of AIC at book value.
Liabilities were $138.2 million with the AICPQ Capital Trust Notes representing $116.1 million. Litigation claims were $22 million, but the amount would be at least $13 million less with Buchanan not refiling a Chapter 7 claim.
AIC had $20.3 million in assets at 9/30/18. Non-Admitted assets totaled $10.1 million, making Net Admitted Assets $10.2 million.
Surplus was $2.5 million. The amount of surplus has varied throughout the years based on the actual timing of losses and recoveries from reinsurance.
AIC had $5.4 million of bonds and $18,000 of cash equivalents in trust pledged to the Enstar settlement party. There is another $4.0 million of bonds and $261,000 in cash equivalents pledged to the IAT settlement party.
These amounts make up a large part of the Non-Admitted Assets mentioned above.
AIC also had $106,724,452 of unused operating loss carryforwards at 9/30/18.
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