AIC 2019 YTD Financial Results (9/30/19)
Underwriting Loss was $2,165,310.
Investment Income was $270,055.
Net Loss was $1,916,634.
AIC had $14.0 million in assets at 9/30/19. Non-Admitted assets totaled $5.9 million, making Net Admitted Assets $8.1 million. Surplus Notes declined by $2 million as a result of AIC making a principal payment to AICI on 7/09/19.
Surplus was $3.8 million.
AIC also had $84,625,062 of unused operating loss carryforwards at 9/30/19.
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