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.
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