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Enterprising Investor

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Enterprising Investor

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Re: Enterprising Investor post# 315

Sunday, 04/07/2019 1:47:51 PM

Sunday, April 07, 2019 1:47:51 PM

Post# of 467
Additional Information from the Statement of Actuarial Opinion produce by Christopher Walker with PwC (12/31/18)

AIC had reported negative surplus from 2002 through 2014.

The company has received claims for damages due to silicosis on three of its policies. It expects its exposure to be limited due to the number of policies impacted, policy limits and reinsurance. [I think is actually represents no change from earlier reports reviewed by me]

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

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