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Enterprising Investor

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Re: Enterprising Investor post# 380

Thursday, 05/07/2020 9:17:26 PM

Thursday, May 07, 2020 9:17:26 PM

Post# of 467
AIC Q1 2020 Financial Results (3/31/20)

Underwriting Loss was $235,352.

Investment Income was $65,188.

Net Loss was $170,164.

AIC had $13.2 million in assets at 3/31/20. Non-Admitted assets totaled $4.6 million, making Net Admitted Assets $8.5 million. No change in Surplus Notes at $18 million.

Surplus was $5 million, up from $4 million at 12/31/19.

AIC also had more than $84.7 million of unused operating loss carryforwards at 3/31/20.

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

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