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Enterprising Investor

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Re: Enterprising Investor post# 387

Saturday, 08/08/2020 11:19:48 AM

Saturday, August 08, 2020 11:19:48 AM

Post# of 467
AIC Q2 2020 Financial Results (6/30/20)

Underwriting Loss was $475,126.

Investment Income was $118,940.

Net Loss was $356,186.

All figures YTD.

AIC had $11.5 million in assets at 6/30/20. Non-Admitted assets totaled $4.7 million, making Net Admitted Assets $6.8 million.

Surplus Notes at $16.721 million. A $1.279 million payment was made to AICI on 6/01/20.

Surplus was $3.45 million, down from $5 million at 3/31/20.

AIC also had more than $84.9 million of unused operating loss carryforwards at 6/30/20.

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

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