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Enterprising Investor

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Re: Enterprising Investor post# 425

Wednesday, 08/04/2021 1:08:09 PM

Wednesday, August 04, 2021 1:08:09 PM

Post# of 467
AIC Q2 2021 Financial Results (8/03/21)

Underwriting Loss was $287,057.

Investment Income was $27,831.

Net Loss was $259,226.

All figures YTD.

AIC had $9.4 million in assets at 6/30/21. Non-Admitted assets totaled $3.2 million, making Net Admitted Assets $6.2 million.

Surplus Notes remained at $15.393 million.

Surplus was $3.05 million, down from $3.28 million at 3/31/21.

AIC also had more than $85.5 million of unused operating loss carryforwards at 6/30/21.

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

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