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Enterprising Investor

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Re: Enterprising Investor post# 391

Thursday, 11/05/2020 9:45:30 PM

Thursday, November 05, 2020 9:45:30 PM

Post# of 467
AIC Q3 2020 Financial Results (9/30/20)

Underwriting Loss was $708,538.

Investment Income was $164,264.

Net Loss was $544,274.

All figures YTD.

AIC had $11.3 million in assets at 6/30/20. Non-Admitted assets totaled $4.5 million, making Net Admitted Assets $6.8 million.

Surplus Notes remained at $16.721 million.

Surplus was $3.46 million, up slightly from $3.45 million at 6/30/20.

AIC also had more than $85.1 million of unused operating loss carryforwards at 9/30/20.

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

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