AICI Capital Trust 9% Pfd (fka AICPQ)

[Enterprising Investor]

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.